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March 7th, 2020 at 12:22 am
Buying cars/houses: Most people, even people with 401ks and IRAs don't follow the market, they don't watch the futures market whipsaw up and down, they don't watch oil tank, they don't even listen much to the idiotic punditry. They worry about their jobs and their kids and their paychecks and interest rates, maybe. They read Cosmo and M and hang out on Facebook and Instagram and Twitter. They watch cat videos and Netflix. They talk about their neighbors' new bbq grill. They don't fixate on economics and coronavirus statistics. They don't think about the worldwide debt bubble, the potential real estate crash in China, supply chains etc.
So I'd say a lot more people than you might imagine will buy cars and houses. Especially with interest rates as low as they are right now. In other words ignorance is bliss.