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SCC - Consumers Are Spending Again As Lockdown Ends
ProShares UltraShort Consumer Services
The big worry
Or rather the small worry for I was really very sure indeed it wasn't going to happen. Anyway, to get to the predictions on an L shaped recovery - one where we don't bounce back at all - it was necessary that consumers just didn't go out and start spending their money when the lockdown ended.
Demand is, after all, what drives and economy in the short to medium term. So, if there's little demand there's little economy. In theory this could have happened. Consumers were so scared by the disaster that