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Updated over 4 years ago,
What jobs/sectors will fall through the cracks despite stimulus?
This post relates to the ongoing discussion about a recession vs. a temporary pause and strong rebound. Please post your comments on my theory, especially if you disagree!
My thought is that the government is pouring money into peoples pockets and this will prevent a recession (additional $600/week in unemployment payments for 39 weeks, stimulus checks, forgivable loans to small businesses who keep people on payroll, pay mortgages, and utilities). It seems to be an all hands on deck to pause by deferring payments until stimulus money comes in. There has never been a similar situation in any prior crisis. There was no collective effort during the dot.com crash of 2001, or the mortgage crisis of 2008, or even 9/11.
If you disagree and see a recession coming, please share why! Even if you see certain sectors that will suffer it will help to begin to develop an understanding of what is to come!