Scott Santens

There's a lot more like, you know, video game consoles are doing quite well.

People are reading more, people are streaming more.

people are engaging more like we're doing right now as far as using Zoom and these things.

And so all of this requires time.

And if people are working 80 hours a week just to get by, then what are you consuming?

Not only do you have not the money to consume more than just the basic needs if you are earning low wages, but also you have no time whatsoever and no inclination.

You want to get home

And you just eat, sleep, and start over again.

And you're not a consumer if that's all the time that you have.

Yeah, we are already in this deflationary cycle that is the direct result of this recession.

And of course, we can't even call it a recession yet because of how we define recessions being like after the fact, after it's been going on for a while.

But we are in a recession.

And part of the problem is that you'll see you close up some jobs because people, you know, for our own health, you don't want people gathering in those places and stuff.

So there's a lot of jobs we eliminated.

But then other jobs tried to keep going.

But they were affected by the fact that people no longer had money to spend at those places.

And then so those jobs closed.

And then those people's wages also were not able to spend elsewhere.

So then more jobs closed.

So we're already in this downward cycle.