We’re not going to buy that stuff now anyway because it’s too expensive you twits
And when you have deflation, no one buys stuff, and everyone gets laid off. Then you have Great Depression Pt II. I don’t mean 1-2% RIF, I mean things like entire industries shutting down, and millions of people out of work. Right now we have very, very low unemployment overall. At the height of the great depression, unemployment rates were around 25%. Right now, we’re at about 4%. In 2020, at the worst of the pandemic, we briefly hit 15%. In the great depression, it was over a decade where it was all above 15%.
And when you have deflation, no one buys stuff, and everyone gets laid off. Then you have Great Depression Pt II. I don’t mean 1-2% RIF, I mean things like entire industries shutting down, and millions of people out of work. Right now we have very, very low unemployment overall. At the height of the great depression, unemployment rates were around 25%. Right now, we’re at about 4%. In 2020, at the worst of the pandemic, we briefly hit 15%. In the great depression, it was over a decade where it was all above 15%.