From what I am seeing on the ground with small and medium sized businesses, the effects of this have barely begun to ripple through the economy. Not only are huge numbers of employees being laid off, but for many businesses, everything has ground to a near halt.
Few businesses have cash reserves sufficient to keep paying on leases and bank loans over an extended time frame. Landlords of all stripes will ultimately be hit hard, and their mortgages will be extremely difficult to service.
Very different and potentially far more impactive than the recession of 2008. I'm not sure that collectibles will be any manner of safe harbor. And equities markets have not fully taken into account the full scope of this.
Tonights' news stated Seattle had suffered the worst of any city with 90% unemployment