I Think We're in the Early Phases of a Two Phase Recession

I still think that the average every day consumers desire to buy things is what it was from before, and on the margin, is probably higher. I do think at some point it will start to change, when price get high enough, but i don't think we've reached that point of equilibrium yet. In hindsight, sax was right all along. We over reacted by shutting everything down. The more misguided government policy we have, the farther away from finding that equilibrium point we're going to be.