As a business owner, even if your business is not hurting, the coronavirus is such an unknown that you're tempted to dial back everything you do, whether it's hiring or investment. When in doubt, hedge - get less ambitious. That bodes poorly for the economy.
-
Show this thread
-
A month ago I was all like "when everyone is fearful, be greedy and when everyone is greedy, be fearful." After maybe 7 years of greedy, we had 1-2 weeks of fearful, and we're right back to being greedy. Really gives me pause...
3 replies 1 retweet 3 likesShow this thread -
Replying to @Molson_Hart
Where are you observing greedy? I see greed on the financial markets, but fear in the real economy. Large co’s weren’t “properly” hit in Q1 earnings and they know it will show a dent in Q2, hence cutting down on cost.
1 reply 0 retweets 1 like -
Replying to @ParOsterlund
Public markets, employees choosing to remain on unemployment over taking available jobs, and a little bit of private market sellers not adjusting downwards expectations.
1 reply 0 retweets 1 like -
Replying to @Molson_Hart
Now that you mentioned it, I’ve encountered the last one as well. Now in wait-and-see mode if someone bites on their pre-corona prices or not...
1 reply 0 retweets 1 like
I have a financial operator seller who seems to be delusional about the assets he's selling. Has no idea how bad things are right now.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.