Quote:
Originally Posted by sugarwood
Over half of all employed Americans (51 percent) transitioned to working from home. They have not spent money on anything in two months. No travel, clothes, entertainment, gyms, vacations. Nothing. Their net worth is higher than ever after two months of dramatically lower spending. Stock market is only 13% off the high, but personal cash stock piles are up. Each month of quarantine increases cash hoards that translate to buying power. Of course, the laid off bartender will not be buying a $50,000....$51,000.....$52,000 Porsche, but that was never the target demographic. Buy now or forever be priced out! They aren't making any more!
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I know you're being sarcastic, but this isn't that far from the truth. American consumers are kinda dumb. And enough of them actually think like this.