I think there will be big lay off’s in the fall and the economy will get hit again as will the market. Many companies have realized they can be more efficient with not as many workers, less office space, and more people working remotely. Also, many business’ simply wont recover especially stores, restaurants, and gyms. Its a shame to be honest. This means lay off’s and will be part of the reason ( other is crime) that people will leave the cities.
It's all up to Congress. If they continue to pump enough money into the system to replace lost wages the markets will continue to rally. Congress just went on recess until September, and Trump's 4 recent Executive orders have turned out to be worthless, so I expect a repeat of 2008 - i.e. a truly big drop in the DOW one day will bring Congress to its senses and pass another stimulus plan.
One thing about economies...as businesses go broke or downsize...other people will see this Pandemic as an opportunity to start new businesses or buy and then reshape an existing business. Thus, there's just too many people out there trying to find ways to make money in this Pandemic and beyond the Pandemic. Some of them will become rich. wrbtrader
I don't necessarily disagree with some of your conclusions, but as a trader, it's not really useful information because it's "fathomable." So the next question to ask is where is the opportunity here that no one has figured out yet?
I think it's inevitable, especially if the virus becomes a big problem for the whole world again. But even now, many companies are still unable to cope with the consequences of the crisis and return to a level where they can make good profits and do business the way it used to be. And I think that this will happen all over the world and of course it will be a big economic challenge that will lead to even more serious consequences. But I will hope that it will be fine, at least in time, because I don't like to realize that it can cause many people to face insurmountable difficulties and problems.
Associates are more than expendable assets/liabilities. At will employment has been around for a while. The game had turned into I like you but...What are adding to the team effort..... Don't take this personally but....etc. Frederick Nietche had it figured out. It is law of the jungle have a nice day and fun does not pay the bills. Akuma
Only traders will not be laid off. They cannot be retrenched. They cannot be made redundant. They cannot be obsoleted. Rain or Shine, flood or drought, Covid 19 or Covid 20 or covid 21 ... , their jobs are secured. That is the reason why I am a day trader.
I have spoken with a number of CFO types. This remote working has been an eye opener to who is productive and who is not and which jobs are now considered unnecessary.