Doesn't explain recent depressed earnings most of us are going through.
- in Q2 of 2020 the US GDP fell by 31%, and it continues to fall
- Inflation is runaway (past 4% is runaway, it's something like 9% now, first time ever)
- Record debt, up 50% in 2 years
- losing jobs every month, even big tech is shedding huge numbers of workers
- Spending on things that don't create jobs, like war, weapons, oversees interests etc.
- 88% of Americans think the country is going in the wrong direction
- 52% say they are worse off than a year ago
- Everything is getting expensive, especially food
And the worst part... the hard times haven't even started yet. There is a delay between finances and market conditions. We're still eating last year's crop, this year the farmers were not allowed to plant as much, fertilizer was intentionally limited. By this time next year... I hope you're planning ahead.
So yeah... ad revenue might be down a bit. People have less money to buy and businesses have less money to advertise.
Hope that explains a little?