I agree. It's not that people wouldn't purchase stuff or go abroad, it's just they can't or won't.
But as I yesterday understood, the lower interest rate should weaken the deflationary effect and make money less desirable asset than stocks. So in theory less people would pull out their money from the stock market. Don't know about that.
Nothing can survive if people just stop spending money. But hopefully this won't last long, otherwise the wave of bankruptcies will be a one devastating tsunami.
But as I yesterday understood, the lower interest rate should weaken the deflationary effect and make money less desirable asset than stocks. So in theory less people would pull out their money from the stock market. Don't know about that.
Nothing can survive if people just stop spending money. But hopefully this won't last long, otherwise the wave of bankruptcies will be a one devastating tsunami.