But that's part of the problem I see ahead...demand, IMO, will be down for quite awhile...again, I hope I'm wrong.
It will take a while but do you really think when Apple announce's IPhone 12 &13 our kids and grandkids arn't going to go out and purchase one? Smartphones used to be a luxury high end product now they are a consumable like toilet paper.
Iphone sales are a small part of our economy, besides, their sales help other countries as much as they do the US. I'm not implying that the economy will improve, but you will not likely see 3.5% unemployment again in the foreseeable future, if ever.
agree, I wasn't implying that Phones would turn the economy around. Its just We in this country like to consume all the latest and greatest.
Yeah, I gotcha. ..Apple generates about $70 Bil a year to the US economy...and they have over $350 Bil in cash, but most of it is overseas. FWIW, I just saw Trump's new campaign video...he's claiming 2.5 "NEW" jobs were created last month...they aren't new jobs, but instead, people who returned to work after being laid off/furloghed because of the virus thing. But his base will buy anything he says.
apple will always recover Small businesses are getting hit hard right now, well at least the one I work for
There is also a lot of propaganda being put out that I don't necessariy trust. I don't see us knowing very much until around Nov/Dec. Trump is hell bent on promoting the economy for reelection, but remember, him and his administration don't always tell the truth and blatantly lie about issues. That article about Hertz rebounding is also based on the stock market. If it takes a hit it can wipe that out in a matter of a couple days as well. I am very cautious as to where we are at right now as we still have a 13-16% unemployment rate depending on who you believe. As things began opening back up it was expected it would improve, but it can also stagnate and reverse if we start seeing spikes and large numbers of infected after some areas that have opened prematurely and abandones the guidelines. At least Kate Brown has been very cautious and our numbers in Oregon are showing it. Places like Georgia, Florida and other areas not so well
Hopefully you're not using historically good performance indicator levels as a baseline for the economy having effectively rebounded.
...no, I didn't say that. Hoopguru and I were having a discussion about recovery...it was merely an observation.
Understood. Curious though what unemployment level you would view as indicating that the economy has effectively recovered. And no, I don't think there's a "right" answer for this question.
Im cautiously optimistic....and realize its a tough road ahead and many will need help to rebuild. Americans are resilient people.
Sorry about that man, I hope you are able to eventually recover and that business would be tremendous for you and yours!
I'd have to guess that the average over the last several years is 6-7%?...that would seem about right. But here's the problem I have with the way the unemployment figures are tallied....unless I'm mistaken they're based on people who are actually seeking employment and don't factor in the people who are and have been on government cheese for years and have no intention or reason to work...I mean, why should they. And to piggyback on that insanity, the recent stimulus package is giving folks $600+ a week unemployment benefits, which in many cases, is more than they were bringing home before being laid of/furloughed because of covid issues...again, why should they want to go back to work?
