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Started By
Message
re: So, Here's My Question. Can Our Economy Survive 4-5 More Weeks of Virtual Shutdown?
Posted on 3/29/20 at 6:33 pm to Redleg Guy
Posted on 3/29/20 at 6:33 pm to Redleg Guy
quote:
I can’t imagine any small business can survive it. The bailout should have been more focused on keeping small businesses capable of making payroll and not shuttering up.
50% of the stimulus/aid bill should have been for businesses with less than 50 employees, those companies are being devastated by this pandemic.
0
Posted on 3/29/20 at 6:36 pm to KCT
Yes just print more money
Posted on 3/29/20 at 6:38 pm to Powerman
quote:
There isn't a single sector in the economy other than government and healthcare that won't feel this sting.
You left out grocery stores, don’t that sector being hurt.
Posted on 3/29/20 at 6:40 pm to Powerman
quote:
healthcare that won't feel this sting.
They will feel the sting when people stop getting elective procedures and also paying for insurance but still show up for emergencies.
Posted on 3/29/20 at 6:44 pm to KCT
quote:No
Okay. Can we avert a deep recession or even depression if we don't start ramping up again before
Posted on 3/29/20 at 6:47 pm to dsides
quote:
Can Our Economy Survive 4-5 More Weeks of Virtual Shutdown?
It’s going to have to.
C’mon, baws! This country survived a Civil War and a World War that each lasted five years. It survived a 45 year Cold War with the threat of nuclear annhilation looming daily.
We can handle two months of being cautious to ensure we don’t get overwhelmed a virus that takes three weeks to kick.
This post was edited on 3/29/20 at 6:48 pm
Posted on 3/29/20 at 6:48 pm to ShortyRob
(no message)
This post was edited on 2/3/21 at 12:58 am
Posted on 3/29/20 at 6:52 pm to KCT
Nope, I'll see you in the soup lines comrade 
Posted on 3/29/20 at 6:52 pm to KCT
quote:
up vote2down vote4
I support what the President is doing, btw. Easter was a little too optimistic.
But regardless, where is this economy if it remains shut down thru April 30?
...and this is why I've been saying you take your medicine early. You aggressively quarantine everything up front for three weeks. Hit the economic pause button. Everything, including the stock market, is shut down. No bills, no payments.
Then you hit the pause button again and start things back up. It's this uneven localized crap that's dragging this out and is going to end up causing more damage than early, aggressive quarantine.
Posted on 3/29/20 at 6:53 pm to KCT
No. Our plant is still running, but we have determined that we will be out of orders by april 10.
Posted on 3/29/20 at 6:53 pm to Lakeboy7
quote:
Yeah it is, and in oil states like LA, TX, OK, it is going to be really bad.
That seems a little oversimplified for the breadth of the subject matter referenced. There's no historical data you could base that prediction on, so what else is it based on?
Posted on 3/29/20 at 7:02 pm to bluestem75
(no message)
This post was edited on 1/11/21 at 1:14 am
Posted on 3/29/20 at 7:11 pm to davyjones
(no message)
This post was edited on 2/3/21 at 12:56 am
Posted on 3/29/20 at 7:14 pm to KCT
It’s on a ventilator right now.
Posted on 3/29/20 at 7:18 pm to Vegas Eddie
quote:
everything around me seems to be business as usual
that's because you haven't seen the bills stacking up that won't be paid....
people are usually shocked with they hear of people getting a divorce "I didn't see it coming"
it will be like this, but you will be impacted
Posted on 3/29/20 at 7:18 pm to Lakeboy7
And we have no measures to avert a this "really bad" scenario? I'm having a tough time pulling the trigger on that being a foregone conclusion. At the same time, I guess we could have different visions of what constitutes "really bad".
Posted on 3/29/20 at 7:21 pm to KCT
Every economy in the world is shite down. We are not giving up ground to other countries
Posted on 3/29/20 at 7:26 pm to davyjones
(no message)
This post was edited on 2/3/21 at 12:54 am
Posted on 3/29/20 at 7:31 pm to davyjones
quote:
And we have no measures to avert a this "really bad" scenario? I'm having a tough time pulling the trigger on that being a foregone conclusion. At the same time, I guess we could have different visions of what constitutes "really bad".
It’s not a scenario, it’s now. Oil is ugly and it’s going to get worse. It would be ugly without the Kung Flu.
Posted on 3/29/20 at 7:32 pm to KCT
quote:
Can we avert a deep recession or even depression if we don't start ramping up again before June 1?
I say deep recession to depression if we are not ramping back up by end of April.
My company will be having layoffs likely next week and possibly tomorrow. The chance of these people getting jobs is basically zero in the next 6 months as 1) no one is open to hire and 2) companies will still be figuring out their finances well into next year as the world economy tries to come back to life. I know for a fact that my personal spending is way the frick down and if I get cut, then there goes a bunch of other cuts that I will have to make.
I do not pretend that my industry is alone in this, the prolonged lack of productivity in the world would lead to depression level unemployment if this goes to June.
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