2020 Industry Review
This has been an immensely volatile and harrowing year. The world health crisis and government response has left many unable to participate in the work force and even more unemployed. An impending liquidity crisis and collapse in the stock market led the Federal Reserve to drop its borrowing rate to 0 and initiate quantitative easing measures. Stimulus money was issued and retail sales increased as consumers spent more on home meals, home improvements, and similar retail purchases. Producers have managed to maintain sales however inventories have been reduced. Sentiment has been heavily reliant on positive news regarding a coming vaccine…