Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I’ve posted a link to a USA Today article below, just as food for thought. We haven’t seen the ultimate impact on our economy or markets yet, both will get worse before they get better IMO. Some industries have and will benefit (e-commerce, tech) but some will suffer huge setbacks (travel, leisure, hospitality, entertainment) and they’re staying afloat draining their reserves and/or through various bailouts - that will end sooner or later. And when those industries find their new contracted equilibrium, the displaced workers are going to be competing for scarcer jobs, the best jobs with qualifications that will be out of reach for many.
Hopefully we won’t have a downturn as deep or prolonged as the 30’s depression (and I’m not predicting it will be that bad).
And some predict that we might lose reserve currency status on the next 10-20 years?
As several have pointed out in the past few weeks, people’s behavior has become a bigger determinant than government (in)action at least in the US. I don’t think governments could effectively impose a lockdown again if they wanted, they had that chance and it’s past.
https://www.usatoday.com/story/opin...hat-comes-next-predictions-column/5535736002/
Hopefully we won’t have a downturn as deep or prolonged as the 30’s depression (and I’m not predicting it will be that bad).
And some predict that we might lose reserve currency status on the next 10-20 years?
As several have pointed out in the past few weeks, people’s behavior has become a bigger determinant than government (in)action at least in the US. I don’t think governments could effectively impose a lockdown again if they wanted, they had that chance and it’s past.
https://www.usatoday.com/story/opin...hat-comes-next-predictions-column/5535736002/
Last edited: