Originally Posted by
thetimesreader84
A small little point of data on a massive field, but the local radio station has been running a competition - when a particular song plays, phone in, caller 100 (or whatever) wins £1000.
When the DJ asks what the lucky winners are going to spend it on, every answer has been “A holiday, as soon as this is done”.
The demand will be there, just as soon as these lockdowns are over. People don’t just forget 15+ years of cheap city breaks and weeks in the sun.
It is the sixth day of the restrictions and pretty much all paid for by the "free" money flow. Unlimited QE's, trillions of "stimulus", etc. Wait a bit after the free money river dries up and count again the number of upbeat "spend on a holiday" callers, or if the radio show still offers the prize (shows need advertisement to pay for their airtime, no working economy => no revenue => no production to broadcast).
I really doubt that any sane person would argue the fact, if it was a short term crisis, then it wont have much impact at all. However, we don't know. The caller didn't know it either, only noticed the withdrawal signs of "living beyond his means".
Absolutely agree with your other point though, people are addicted to the current system and wont let it go easily. They need their SUV's, the holidays and all the other perks coming with the debt based society.