4 ms·
I think the issue here is that companies could fail without doing anything wrong. It's not just bad companies that will fail, but also responsible companies tha
by tathougies 7y ago
I think the issue here is that companies could fail without doing anything wrong. It's not just bad companies that will fail, but also responsible companies that simply cannot weather a months-long economic standstill.
- dumbfoundded 7y agoOther than the logistical difficulties specifically imposed by Covid 19, I believe good companies should be able to weather a couple of months of double-digit reductions in sales. Like if airlines or large events are forced to close down, I could see helping them. Everyone else who simply has to deal with a reduction in consumer spending should take some responsibility for overbuilding for an overheated economy. For whatever cause, the Fed has predicted a recession months ago.