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Are we about to go into a depression? Serious question.

Posted on 3/25/20 at 5:57 pm
Posted by magildachunks
Member since Oct 2006
32486 posts
Posted on 3/25/20 at 5:57 pm
How feasible is it we go into a global depression like 1929?

Posted by Double Oh
Louisiana
Member since Sep 2008
17996 posts
Posted on 3/25/20 at 5:58 pm to
Some of y’all are so paranoid
Posted by Macavity92
Member since Dec 2004
5982 posts
Posted on 3/25/20 at 5:58 pm to
There’s no doubt Q2 is lost. But the economy will be healthy not long after people return to work. Which will be weeks at most, not months.
Posted by Melvin Spellvin
proud dad of 2 A&M honor grads
Member since Jul 2015
1676 posts
Posted on 3/25/20 at 5:59 pm to
depression is relative, “buy at funerals and sell at weddings”, profit baw...
Posted by HamSandwich
Member since Sep 2010
1447 posts
Posted on 3/25/20 at 5:59 pm to
I definitely think there’s a chance. But then again we may also not.
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 3/25/20 at 6:00 pm to
Nope
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59610 posts
Posted on 3/25/20 at 6:00 pm to
Meh, we all needed the break.
Posted by sta4ever
The Pit
Member since Aug 2014
15359 posts
Posted on 3/25/20 at 6:04 pm to
As long as the foundation of the economy is good, we’ll be fine. This will obviously be a setback but it’s all about the backbone of the economy and I think it’s pretty strong
Posted by tkeefer
TX
Member since Apr 2004
1121 posts
Posted on 3/25/20 at 6:10 pm to
What will people do without Hoover blankets?


Posted by magildachunks
Member since Oct 2006
32486 posts
Posted on 3/25/20 at 6:13 pm to
More downvotes than replies.



Thanks for all your input.
Posted by Undertow
Member since Sep 2016
7339 posts
Posted on 3/25/20 at 6:13 pm to
When this blows over the economy will boom.
Posted by LSU5508
New Orleans
Member since Nov 2007
3619 posts
Posted on 3/25/20 at 6:15 pm to
There is a better chance you get struck by lightening twice tomorrow than a global depression happening.
Posted by Lithium
Member since Dec 2004
62099 posts
Posted on 3/25/20 at 6:15 pm to
quote:

How feasible is it we go into a global depression like 1929?


No but pretty sure when this is over we goin' to Party likes it's 1999
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 3/25/20 at 6:15 pm to
Your post depressed me. And no.
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48329 posts
Posted on 3/25/20 at 6:16 pm to
quote:

How feasible is it we go into a global depression like 1929?


I would not think so unless this drags on for many months.

The current economic downturn has nothing to do with economic factors. It is entirely unique.
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8795 posts
Posted on 3/25/20 at 6:16 pm to
Ask the small business owners. It’s not as simple as just opening back up.
Posted by Tigerlaff
FIGHTING out of the Carencro Sonic
Member since Jan 2010
20889 posts
Posted on 3/25/20 at 6:19 pm to
Stonks go up. Stonks go down.
Posted by arcalades
USA
Member since Feb 2014
19276 posts
Posted on 3/25/20 at 6:23 pm to
quote:

a global depression like 1929?

first of all, we didn't go into a depression in 1929. bullshite textbooks brainwash people on that nonsense bc the most socialist president we ever had drove us into the depression and the propaganda machine in this country has to make sure people dont understand that.

secondly, we aren't going into a depression based on this, but the dims hate America enough that they may come up with more ways to destroy us.
Posted by YNWA
Member since Nov 2015
6724 posts
Posted on 3/25/20 at 6:24 pm to
No. Job market/work force is different from then.
A great deal of people can work from home thanks to computers. Most of the jobs back then was manual labor.
Posted by USEyourCURDS
Member since Apr 2016
12066 posts
Posted on 3/25/20 at 6:33 pm to
Big business will win.

Big box stores, pharma, eventually the banks.
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