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Contractions dont hit all companies equally, especially this one. Amazon is hiring warehouse workers to keep up with the demand. And we have an unprecedented g
by vikramkr 6y ago
Contractions dont hit all companies equally, especially this one. Amazon is hiring warehouse workers to keep up with the demand.
And we have an unprecedented government bailout. Cash payments plus massive increase in unemployment benefits. Someone losing their job today is not hurt as badly as someone losing their job in 1929 or 2008. We're taking on a lot of debt that will have to at one point or another be paid back. Either by inflating our way out of it, which hurts the bankers that make loans to the very indebted median american. Or by collecting taxes, which would put the burden on people that pay positive effective tax rates and couldn't really be imposed on people that currently net recieved money from the federal government. Or by austerity measures, which are politically unlikely and would still wipe away a good bit of market cap from these big companies. Paper money isn't real money.