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Economists have started warning us of a deep global recession down the road, and the Chairman of the Federal Reserve is in favor of a second round of stimulus checks. I’ve brought this up before, when it started back in March.<\/p>\n
https:\/\/www.cnet.com\/personal-finance\/a-second-stimulus-check-from-the-irs-whats-going-on-with-round-2\/<\/a><\/p>\n Meanwhile, Maxine Waters does not want small businesses reopening. She\u2019s much too full of herself. She has no understanding of business at all. She probably thinks everything comes from \u201cthe store\u201d, which it does not. Products come from a companies that make the things that she takes for granted, like that overpriced commode she sits on. Those “parts” (like the faucet in your kitchen sink) go to a sales point somewhere, whether it’s garden products delivered to a small grocery store down the block on the corner, or a larger dry goods store such as a hardware store chain.<\/p>\n https:\/\/conventionofstates.com\/news\/maxine-waters-protesters-should-be-ashamed-i-don-t-want-businesses-to-open-back-up<\/a><\/p>\n So what are the owners of these small businesses supposed to do to pay the bills and put food on the table? Wait for the Sirdar to throw coins to them as s\/he passes?<\/p>\n Here\u2019s a video of one salon owner\u2019s response to being told she could not only not reopen her shop, but was arrested for violating that prohibition, and also her response to what Waters said. This Dallas, TX, shop owner has a real grasp on things, whereas Waters does not.<\/p>\n https:\/\/www.youtube.com\/watch?v=VQF2JT9O3aA&feature=emb_rel_end<\/a><\/p>\n Small businesses are the backbone of any economy and any community. Large corporations are not. Without the small businesses and their owners and employees, there is no base supporting the larger businesses. A large corporation will fail, or close up a shop that could have stayed open, and leave hundreds to thousands of unemployed people floundering. There are more successful small businesses that have been in existence longer than many large multinational corporations, and they still manage to flourish, whereas the large corporations are frequently found to be floundering because they got into the \u201cexpand and go broke\u201d syndrome, and those floundering companies were in distress months before any bugs showed up on the screen door to shut off their customer bases.<\/p>\n While lockdowns are easing up in many, many places, it does not mean that the economic losses will be quickly recovered. This recession we\u2019re in was a forced recession, shuttering businesses that were thriving before the lockdowns brought those thriving small businesses to a halt. Large businesses have also been affected by the lockdown. The forecast of another recession, at the global level this time, is not good news, but we can all be prepare for it since we’re being warned now. It is one of the reasons I posted the 1952 recipe for buttermilk pancakes from scratch, from the Better Homes & Gardens cookbook. Box mixes, which most people use now, cover a wide variety of products including bread stuffing and cornbread muffins, and they are convenient, but what if they become unavailable or unaffordable? It can happpen, simply because the prices of eggs, corn, sugar, wheat and other commodities on the commodities markets are out of sight, never mind beef, hogs and chickens. If prices are too high and money is short for the ordinary family, then the chief cook and bottle washer will be squeezing every penny to stretch a tight budget, especially when one or all working family members may be out of work.<\/p>\n If the analysts\u2019 forecast of a major global recession ahead are even vaguely close, we had best be prepared for it. I\u2019ve been seeing this forecast since early in March when it started with a couple of analysts saying a global recession was coming by 2021-2022. They were right, and that view is becoming wider spread, with more analysts saying the same thing.\u00a0\u00a0The forecast now is that it may stretch out to include 2023.<\/p>\n The next recession won\u2019t be caused by a virus. It will be the result of permanent job losses and economic failures, which started when thriving businesses were brought to a screeching halt by nothing but fear. The obvious preventive measure is ti restart the economy, which is what a lot of small businesses are doing now, as did the salon owner in Dallas, TX.<\/p>\n And that idiot governor in Texas doesn’t want businesses opening back up?\u00a0 It would be nice if he had to do without everything he takes for granted, including clean undies not being available because the manufacturer of laundry products is producing smaller lots. Now what could cause that? Smaller orders from sellers, e.g., grocery stores, because no one is buying the stuff or hoarding it.<\/p>\n In addition, the Senate has moved to bar Chinese companies from appearing on the NYSE, and it is now up to the House to do the same. It appears that this may also be heavily favored by the House of Reps.\u00a0 https:\/\/www.marketwatch.com\/story\/bill-that-could-delist-chinese-companies-from-us-stock-exchanges-to-see-swift-passage-in-house-analyst-says-2020-05-21<\/a><\/p>\n It seems to me that if the Senate and House can agree on something like this, they should agree on how to keep our economy thriving without throwing people out of work.<\/p>\n","protected":false},"excerpt":{"rendered":"