View Single Post
      03-20-2020, 12:20 AM   #10
Flacht3
Not Enough Garage Space
Flacht3's Avatar
1135
Rep
721
Posts

Drives: STO /765LTS/ Macan
Join Date: May 2016
Location: Yay Area

iTrader: (0)

Quote:
Originally Posted by chassis View Post
Once the virus haze clears I see a strong economic rebound.
Not that straightforward IMO. You have entire industries (travel, media, retail) essentially bleeding dry right now. Once the haze clears, those companies are still going to be broke and starving to make a rebound. Which has a major trickle effect on how many people they employee, salaries they pay, etc. and then that has a trickle effect on how many/what goods those employees buy, etc.

Plus all the people laid off during this (at record levels in many states) will take a while to recover. Sure, they are probably not the demographic buying BMWs but they do fuel the economy, which fuels the market, which then fuels the wallets of the folks buying BMWs

I don't think we'll see a return to 2019 economic levels for at least a full year if not more coming out of this...and we don't know when we'll be out of this for that clock to even start.
__________________
Appreciate 1