RE:RE:this market currently is jengaMost likely spending will return to normal, we live in a world here where many wait for nothing, save for nothing and spend more then they make anyway, they will "deserve" more after this is over because of their life being interrupted and "sacrifices" me, I'd just like to go for beer and wings with a few friends again soon. .....
HndsmeBWndrfl wrote: shirtlessagain wrote: one wrong move and down she goes, we are back to where prices were while this was in china, perhaps people are missing the fact that we are not even at our worst yet here and across the border, when the propping up ends the glass floor will break. 3 million jobs lost in the u.s last week and over 1 million here applying for unemployment, furthermore no one is even considering pathetic quarters ahead, some will indeed survive this financially but it will be a big big hit to the economy, right now I like my 75% cash position. dividends getting cut left right and center. we don't even know how long this goes on right now
Job losses so far are just temporary lay offs. Will every company survive? No. But short of a high fatality rate, demand for everything will return. My only worry will be the amount of disposable income everyone has. Hopefully the government is able to control money lenders and minimize the debt burdon of the average person so that spending can return to normal.