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Image:  Historic district of small businesses in South Norwalk, Connecticut. Gene Marks, The Guardian, the Philadelphia Inquirer; in re: In the year 536 AD, an Icelandic volcanic explosion blanketed continents and led to famine, war, plague.  That was a worse year for small businesses than 2020 is.  I think the closing of small businesses is overstated: many have hunkered down, changed methods; as for shuttered shops, many are still selling out of home, eBay, Amazon.   The flu has brought about major shifts.  We were an agrarian economy 150 years ago. The future of entrepreneurs will never change.  Most of my clients are mom-and-pops, are still very much in business. Not as [hot] a story as the doomsayers publish.  I close more deals sitting at a dinner table than on a phone.  Work-at-home rend will continue; more efficient for companies, but must be balanced.  Rental prices will go down, which is good for some businesses.  Philadelphia forever.  Is 2020 The Worst Year Ever?   https://www.entrepreneur.com/article/353327 One-third of NYC small businesses may never reopen, report says https://www.foxbusiness.com/markets/third-of-nyc-small-businesses-may-never-reopen-report-says Industrial production increased 5.4% in June, beating the consensus expected gain of 4.3% https://www.ftportfolios.com/Commentary/EconomicResearch/2020/7/15/industrial-production-increased-5.4percent-in-june Economic Green Shoots   http://scottgrannis.blogspot.com/2020/07/lots-more-green-shoots.html New Home Sales increased to 776,000 Annual Rate in June - the highest rate since 2007   https://www.calculatedriskblog.com/2020/07/new-home-sales-increased-to-776000.html Housing Starts increased to 1.186 Million Annual Rate in June https://www.calculatedriskblog.com/2020/07/housing-starts-increased-to-1186.html