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Demand was up because people had more _time_
by nightfly 3y ago
Demand was up because people had more _time_
- nxm 3y agoAnd money was being printed left and right
- SteveNuts 3y agoHow does that end up in the hands of regular people doing renovation or home builds?
- fragmede 3y agoI'm sure some of it is down to LLCs owned in their names that took out PPP loans from which contractors building a home office were paid out.
- ambicapter 3y agoWhat fraction do you expect that was? Even just giving a completely unfounded guess.
- fragmede 3y agoThe useful question isn't that fraction, though I'd bet it's larger than you'd expect, but how much free money was injected into the economy this way. I'm sure that's a consequential sum, especially if you expand the money we're looking at to include corporations paying other corporations inflated rates, coordinated by having execs/board members in common.
- metaphor 3y agoWere you asleep[1] the entire time? And that's just what Average Joe was pocketing. [1] https://www.pandemicoversight.gov/news/articles/update-three-rounds-stimulus-checks-see-how-many-went-out-and-how-much https://www.pandemicoversight.gov/news/articles/update-three...
- nightfly 3y agoGuess you're forgetting the whole "lots of people not able being able to go to their job and get paid" thing during this time, right?
- metaphor 3y agoThe context of my remark was in response to how "money being printed left and right..." --> "...end up in the hands of regular people doing renovation or home builds?" Just because "lots of people not being able to go to their job and get paid" doesn't mean all or even most were in the same situation; the numbers[1] tell a different story, and that doesn't even begin to account for the aggregate impact of nationwide loan pauses, or the irrational exuberance in equity/crypto markets at the time. [1] https://fred.stlouisfed.org/graph/?g=19GH4 https://fred.stlouisfed.org/graph/?g=19GH4