Following on the cyclical discussion, I saw this today:
Discretionary spending is 7% below normal levels. If you consider people still can't partake in many leisure activities, there would be little left over for a drop in consumer goods.
What happens when the stimulus cheques keep flowing, everything is open, and we still can't eat at a restaurant or travel overseas? Save or buy nicer things, as far as I can tell.
ADH should be a beneficiary on the cost (rental) and revenue side.
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Following on the cyclical discussion, I saw this...
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