LogFAQs > #942790646

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Topic	Stock Topic 8
red sox 777 07/30/20 5:37:34 PM #500:	I am personally not seeing a real downturn in the economy anything like this monstrous -33% number. The thing is, that GDP number is based on spending. Spending is down, but savings are up. Spending will come back in force in the future because people are going to find themselves with a lot of extra savings to spend this Christmas or next year. I am going to start buying shares in companies that make luxury products in anticipation of the shopping that's going to happen when people realize they have an extra 10k sitting around from all the spending they didn't do this year. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:942790646] in Stock Topi... [t:78837819]...</cite> <quote>I am personally not seeing a real downturn in the economy anything like this monstrous -33% number. The thing is, that GDP number is based on spending. Spending is down, but savings are up. Spending will come back in force in the future because people are going to find themselves with a lot of extra savings to spend this Christmas or next year. I am going to start buying shares in companies that make luxury products in anticipation of the shopping that's going to happen when people realize they have an extra 10k sitting around from all the spending they didn't do this year. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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