With Superfluous Demand in Free-Fall, What’s the Upside of Re-Opening a Small Business?
by Charles Hugh-Smith Since superfluous demand was the core driver of most consumer spending, and that demand is in free-fall, what’s the upside of re-opening? The mainstream view assumes everyone will be gripped by an absolutely rabid desire to return to their pre-pandemic frenzy of borrowing and spending and consuming, the more the better. While the urge to … Read more