I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.
There are always, of course, job losses of a cyclical nature in a recession.
Things are pretty good in Canada. We weathered the recession fairly well. And, of course, were up here up living here, we're watching American news and we're constantly saying, wow, it's not as bad as it is in the United States.
I don't see any significant recession or depression in the offing.
I think the good part of the crisis is that finally, everybody is going to have to come to the table. That means the mayor's office, the board (of supervisors), the labor council, the chamber, small business. You end a recession healthier than you were when you went into it.
I don't know if you call a burger recession food. It's comfort food.
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