I think that the past 6 to 8 months was just the tip of the iceberg a bigger and deeper collapse is coming I predict around the holidays IMHO
This will get worse. None of these jobs are coming back.
a) There is no demand now for all these products with the financial system in ruins worldwide.
b) Sometime during/after the internet revolution the US decided it was just fine to let 2 billion Chinese and Indian workers into our labor force. They’ll work for low, low wages for the next couple decades, manufacturing all the things that used to be made here.
Free trade in the long-run might work out fine. But the next 10-20 years are going to be a rough go.
I'm thinking you might be right. With the number of unemployed, both those receiving and not receiving benefits, the holidays may end up being a huge bust for retailers. Granted, the retailers don't even remotely understand supply and demand, with their typical increases in revenue year after year.
I like the end of October myself right after the start of the Mideast War.