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Nw Iowa | It would seem logical that when virus passes that people will have to get caught up before they start spending money on non essential products. Think about it, if 1 spouse or both are laid off, even with unemployment benefits and some other government checks concerns will be getting caught up making house payments, car payments, credit card payments. Older people have lost 1/4 to 1/3 of retirement money so will probably be cutting some spending. Small businesses that have had to close will be lucky to be caught up in 12 months with many never being able to recover. America will recover, probably faster than any country on earth, but to think in 2 or 3 months and all will be over and everything back to normal would be a stretch. We used to be in a low margin, high volume off farm business and 1 month with most of the expenses and no income would take over a year just to get to even or make enough to get back that 1 month and that would be if business would be normal. Some services if they don’t get done, don’t get done.
Only positive is interest rates and gas price will help | |
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