I personally would much rather be responsible for mine and my families well being than the government, but again that is my personnel opinion, and I can also understand everyone elses view point as well.I have many friends who are small business owners who's lives have been changed instantaneously in a week, some even loosing up to 75% of profit within a week or two, and I worry for their well being and their families.I look at the current statistics and many times it also just does not make sense to me when compared to past viruses or other issues, but consider what if we lift the lock down too soon and it becomes catastrophic. 

The one million dollar question is how many people will not get their job back and how much time it will that take to get back to such levels (ie 2-4%) from now (ie 20%)..for businesses to recover and so on...Government is pumping money and taking measures to prevent a catastrophe...but there’s a limit and this cannot go forever and the fallout will happen.....how hard impact will be is anyone guess....but is inevitable ....Theres a saying that goes that when others are greedy be fearful and when fearful be greedy......I just purchased my latest investment property on May as a buy to hold C class property at a discount price of 30% and got it rented immediately with a net CoC of 15%.

Another story for another day Strategically, we thought about fire risk in 3 ways1) Catastrophic scenario where the house actually burns down: it can take years to obtain permits and actually rebuild a home, plus demand in the area could suffer long-term if the entire area burned, so we agreed we should insure at an amount we could walk away and feel good about it.

Planning is too optimistic and cash reserves are too low (this is catastrophic as it is nearly the only way people lose a property)3.

Of course this was supported by the financial center.So again, we have people who are looking at this very real, catastrophic event and surrounding disruptions and they are saying "we will be back to 2019 in no time." 

Sucks to be a Geologist right now, but otherwise I think employment will be fine, barring global financial catastrophe a'la 2008.

I can tell you that attorneys sometimes don't even read them...It's nice to hear that some out there have been in the game for decades, have all their properties in their personal names, and nothing catastrophic has ever happened to them.

I have not made any claims and only have them in case of a catastrophic event.

Even though I never make claims (barring major events like fires, also high on my list) or something causing catastrophic damage, neighbors around me making claims is still causing my insurance to skyrocket and even for insurance to not renew policies which has happened several times leaving me scrambling to find insurance.

This isn't great, but is far from the catastrophe that the comment I was responding to was describing.I'm not arguing the fact that we're in a recession.