‘Main Street is burning’ says Stanford business professor
“[Stanford University professor David] Dodson, who once ran for the U.S. Senate in Wyoming and has served as CEO and chairman at multiple companies including an auto parts retailer and trucking company, told CNBC that the fourth quarter is make-or-break for many Main Street owners and retailers and the lack of progress on stimulus could lead to another wave of bankruptcies that end up doing significant damage to the national economy.”
USAGOLD note: As we have noted before, this is the silent crisis evolving on Main Street America. Many of our clientele are owners of small businesses or professional practitioners, and our thoughts and concern go out to them. Trouble for some, as Dodson points out, can become troublesome for many.
Repost from 10-9-2020