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The market SHOULD be collapsing due to catastrophic unemployment. Now, before you all get upset, I realise most of the job losses are at entry level. However, this SHOULD be catastrophic, those consumers SHOULD be spending next to nothing which SHOULD see companies shed professional, well paid staff as sales drop like a stone.
In an unaltered market this would happen, and effectively happened in 2008/9 where you can see from the graphs above, we saw a huge downturn.
All I can think of is the huge amount of stimulus money out there that is propping things up and stopping the circle fulfilling itself.
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