More pessimism. I believe the stock markets were very optimistic that the $2tn Stimulus Package is enough to support the economy.
99% of businesses in the US and UK are Small and Medium Enterprises. It would be very hard to support that many businesses and no doubt, unemployment has gone up. Sadly, once bankruptcies kick in then we’ll return pessimism.
I’ve got a lengthy video covering this next week and it’s taking a bit of time to research it all haha. But do subscribe to the channel and support the growth, I would very much appreciate that!
Dont put bankruptcies that easily off the table. I think some businesses will be rescued through M&A of some sort so that will indeed have lesser of an impact on the economy. PEs and Banks are watching the spece very carefully and definetelly have a list of companies to go after. In this case, a merger or an acqusition is better than a total business closure. I am very optimistic
Partically agree, from my experience in M&A, especially working with chinese clients, PEs and banks are not only after cash cows that are at the brink of extinction now, small and medium enterprises have some strong proprietary technologies that can be good portfolio assets to grow them and exit. Otherwise, i hope there will as minimal impact as possible, yet the world will never be the same when this whole thing comes to an end :]