Quote:
Originally Posted by calculoso
I wish I had your crystal ball.
Restaurants are doing well? They sure aren’t in my neck of the woods. Extra money to people who could eat out has been business-saving for them and their employees.
Select businesses (big box mostly) are doing ok and in some cases like Amazon amazing. A lot of others are not, small businesses especially.
IMO, giving people more spending money can only be a good thing for all businesses, those that need the shot in the arm and those that don’t.
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Restaurants aren't doing well. But that's not because people don't have money to spend on them. A one time $2000 right now is not going to move the needle on restaurant health.
Service industries are doing well, construction is booming, housing is booming, auto industy is doing well, home renos are doing well, bike stores had their biggest year ever, kayaks were sold out for months, computers and gaming stuff are all sold out.
$2000 checks will mostly go to the places that are already doing well. People aren't going to be taking vacations and going out for dinner with their checks if they weren't comfortable or weren't allowed before.