Quoted from gambit3113:My concern is what this does to the overall mentality of the populous living through it, and especially those with the resources to invest and open new businesses that could replace the ones we are losing. I don't know about you guys, but I had a couple of grandparents that lived through the Great Depression, and they lived their entire lives affected by those few years of austerity and skimping. My grandfather buryed money in the yard up until he died at age 95. Never trusted banks completely. Never learned to throw anything away.
Will those of us watching the barcades go down dare get into that pool after this clears up? Nothing has ever illustrated the fragility of simple business economics in my lifetime. Ugh.
I hear what you are saying but at the same time existing home sales just spiked an unprecedented 24% in the month of July
I have people in my line of business looking to buy up assets on the cheap. The problem for them is there is no panic selling. Just the opposite
A better comparison would be 2008 and here we are 12 yrs later. All time market highs and panic buying
Low interest rates and massive liquidity will keep fueling the self induced post shutdown rally
The only thing that could divert the other pathwe are on is higher taxes, lower GDP growth, less production which would lead to more dollars fighting for the that lower productivity and...
Inflation and higher interest rates
There isn’t a federal, state or local government around the world that can help pinball by taking more money out of the private sector, much less any other sort of business creation
I would consider doing a pinball related business like Helicon brewing. But it would be for fun