4 ms·
Just hearing Powell, members of the Fed and the talking heads in CNBC makes me think they live in some sort of crazy bubble. To think we can bounce back immedia
by AznHisoka 7y ago
Just hearing Powell, members of the Fed and the talking heads in CNBC makes me think they live in some sort of crazy bubble. To think we can bounce back immediately is absolutely bonkers. Half my tenants can’t pay the rent the next few months, some have lost their jobs, layoffs are now happening in non-consumer industries and software spend is mostly halted. Everyone will be cautious in traveling to public venues, let alone spending a lot on frivolous goods for the rest of the year.
There just won’t be a quick bounce back.
But I guess if you live in the Hamptons and have a nice comfy job interacting with the rich all day, you probably are unaware of all this..
- sillyconvalley 7y agoThey don't think we can bounce back, but they sure as hell WANT us to. Why? The market goes up and they profit. Look at what motivates people and then the things they say start to make a lot more sense.