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To: palmer
For example, why would people stop buying the latest iPhone?

Maybe because they've lost their jobs?

51 posted on 03/18/2020 7:06:51 AM PDT by Wissa ("Accidents don't happen to people who take accidents as a personal insult." - Michael Corleone)
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To: Wissa
Maybe because they've lost their jobs?

There's no underlying reason for the jobs to not come back right away. In 2008 we didn't need more granite countertop installers to service house flippers. Those jobs were gone for good and the toxic bundled mortgages represented real losses for many people. No such problems this time.

56 posted on 03/18/2020 7:10:34 AM PDT by palmer (Democracy Dies Six Ways to Sunday)
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