Titan Medical Inc (TMDIF)

[Geo2014]

I agree with you... WE ARE in a deflationary period - no argument whatsoever. But you are not seeing the whole picture and the future result of the pandemic. If people are not producing (and unemployment is still increasing, not decreasing), and this continues, the "glut" of goods we both agree is prevalent now dries up due to either current demand or destruction. When people start going back to work - and it appears it is going to be a very slow process - demand will increase, but supply will be down and need to catch up. Many businesses will already be closed permanently (I know a handful just in my hometown) so the number of jobs waiting for Americans will be less than the number that were filled before the shutdown. It will take time and $ for new businesses to pop up. Not to mention many people who had savings are now forced to use it. New businesses will not open overnight. You said no one will be buying $50 steaks at restaurants and you are right, they may be buying $50 steaks at the local grocery store. You cannot euthanize livestock or destroy crops because of a glut, then raise new livestock or grow crops overnight. Many farms will have to start from scratch. And many will have gone out of business. And few Americans will want to rely on imports from other countries, especially China when this ends. Buying American will increase costs too. Look at the big picture and not what is happening right now. There is a real chance of stagflation in the coming years like we had in the 1970s.