Octavio Marenzi is CEO of Opimas. While the economy continues to go down hill, stock markets and real estate have been going gangbusters. The flood of money has created winners and losers. Income that was previously spent on travel is going into savings and other purchases. The Chinese travel market has stopped further hitting the international tourist market. People are being more cautious in spending their money. Used car sales have been on the rise. A lot the bankruptcies that we have seen are companies that were struggling badly even before Covid. Look at JCPenny – when is the last time they made a profit – a really meager gain in 2017, but other than that huge losses back as far as the eye can see. Finally folded in May 2020. This is more of an act of mercy than anything else. Ascena is another example, the parent of Ann Taylor and Dressbarn. These are all brands that had been struggling.