I’m optimistic: From a personal perspective, many of us have been holding back, waiting and hoping, saving, but when the green light appears I believe 2 months of holding back will erupt into a spending spree. Vacations, going out to eat, buying new clothes, that new lawn mower and garden stuff, perhaps a new car, on and on. I understand much of this sh@t is made in China, and that’s terrible, but money spent in US stimulates the entire US economy. Jobs open up, optimism abounds. I hope I’m correct.
Im optimistic: From a personal perspective, many of us have been holding back, waiting and hoping, saving,
I’d like to be optimistic, but I don’t see explosive growth until the all clear is sounded. Hopefully the virus will burn out this summer. There are ~50M people in the US over the age of 65. Who knows how many people below that age that have a bunch of preexisting conditions. I doubt these types of people will do high risk activities when social distancing can’t be maintained, especially in big metro areas..
We purchased a new (to us) car, a lawn mower and are in process of closing on a new home.
All done during the shutdown, as was the sale of our former property.
Also, I shopped 50 miles away for the first time in 2 1/2 months at places I used frequent every 3-4 weeks. I saw no food/cleaning supplies price inflation from early March, except for $40/gallon alcohol. (we laughed at that one)