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I'm not this optimistic. I suspect lots of small businesses aren't coming back and larger ones are going to continue to run "lean" (read: overworking their emp

• newacct583 7y ago
  To be fair, the 08 recovery was deliberately hamstrung by the lack of government stimulus. Congress approved basically nothing after the first round of QE. Hopefully we won't repeat the mistake this time.
  • pbourke 7y ago
    I agree that the fiscal stimulus, under the control of Congress, was much less that it should have been. However QE is monetary stimulus under the Fed’s control and as I recall there were several rounds of it, in addition to other programs. Edit: reading your comment again, and I think you mean that Congress didn’t do any further fiscal stimulus after the Fed did QE1, which seems right to me. Leaving my comment up for clarity.
• jcomis 7y ago
  It was shocking how fast some corporate players went "lean". Almost as if they were waiting for a viable excuse to do so without blowback rather than out of actual necessity. They know they have the upper hand. People are deathly afraid of being unemployed, something that was just starting to fade away after 2008.
  • toasterlovin 7y ago
    On the other hand, if your cash flow generation stops because sales stop, employees are often the largest remaining expense. And you can't delay paying employees, unlike vendors. So you have to be decisive, or else you can go from having a healthy company to financial insolvency in the span of a few weeks.