Consumer confidence is being eroded more and more every single day, and the savings rate of an American has almost doubled to 13% in the past 2 months. Purchasing power of an average American has most likely decreased somewhat, if not significantly, given the unemployment numbers. All of those things don’t just bounce back like a rubber band when the country is “ready to go”. It will be years before we get back to the GDP numbers we were seeing pre-Covid and that’s probably considering that everything trends upwards from here on out, which is highly doubtful.