LogFAQs > #942792207

Anyway I want to comment on this-

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.

I totally agree with this
People don't really seem to realize just how much money they were able to save.
Sure, many people didn't have a income at all, but what were they spending their money on during this time? rent and food
That's it.

During quarntine you do not need to-
Pay for a babysitter
Pay for car gas
Pay for classes for the kids or various other entertainment activites that kids want
Pay for outdoor restaurants
Pay for social activities with friends (bar pubs drinks etc)

Do you know how my credit card looked like in the months of April and May? only monthly payments that were something like...$100 total per month
I never spent so little ever since I was released from the army 9 years ago

The epidemic is not a good thing for the economy that's for sure. But it's negativity is super overrated

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wololo