Quote:
Originally Posted by TimAZ
The GDP growth numbers for spending related to tooling, automation, and inventories, and personal consumption are up enormously. Is this the long-awaited deployment of capital and savings or are businesses and individuals simply hoarding, fearful of another long lock-down? |
With four companies announcing promising late-stage tests for Covid vaccines, I suspect companies are planning on getting back
towards normal by Spring 2021. I say 'towards' normal rather than 'to normal'. <"The trouble with normal is it always gets worse." - Bruce Cockburn>
The vaccine is not a sure thing, however. The CDC is now warning that the side effects of the vaccine might cause many people to forgo the second of the two required doses.
https://www.cnbc.com/2020/11/23/covi...the-park-.html
So, even if companies ramp up their spending in preparation for getting back towards normal, if the purchasing economy doesn't pick up, that uptick could turn flat to downward quite quickly again.
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