economic lock-down
The Implicatons of a Main Street Decline for Investors.
The current divide between Wall Street and Main Street is the greatest in my lifetime. While Wall Street records record high after record high. Main Street is literally suffering, with thousands of small businesses shut down, and millions out of work. Making matters worse, Main Street is facing, in the words of Joe Biden a dark winter, as a second Covid Lock Down is threatened. The likely outcome for this second lock down, is that many, perhaps even most of those small mom and pop businesses that we rely on, are at risk of declaring bankruptcy.
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What A New Lock-Down Would Mean For Workers.
As we enter this last month of the year, it is apparent that 2020 will go in the record books as the best, and the worst of years for the American Working Man and Women. We began the year with record employment. 152 million Americans had jobs, and the unemployment rate had dropped to an all time low of just 3.8%. But all of that good news rapidly changed with the onset of the Covid-19 Pandemic. Americans were told to stay home, in an effort to self quarantine. Non-essential businesses were closed, while those businesses which were still allowed to operate, could only do so many time under strict restrictions. Restrictions such as social distancing, the wearing of masks, and limitations on the number of customers allowed to enter a store, office building or other establishment.
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