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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
32482 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
17840 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
5981 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
59531 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
15192 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 EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 3/25/20 at 6:06 pm to
quote:

As long as the foundation of the economy is good, we’ll be fine.


Well, got some bad news for you my friend.
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
32482 posts
Posted on 3/25/20 at 6:12 pm to
quote:

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.




It took one day in 1929 to frick the economy up for 11 years.



Just saying.
Posted by magildachunks
Member since Oct 2006
32482 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
7320 posts
Posted on 3/25/20 at 6:13 pm to
When this blows over the economy will boom.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48587 posts
Posted on 3/25/20 at 6:14 pm to
It will be interesting to see how many small businesses completely shutter during this. It's sad.
Posted by LSU5508
New Orleans
Member since Nov 2007
3617 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
61946 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
48319 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 oOoLsUtIgErSoOo
Louisiana
Member since Aug 2006
26411 posts
Posted on 3/25/20 at 6:16 pm to
quote:

More downvotes than replies.


Want a reply? From reading this thread, and some of your other post, I've concluded that you are not very smart at all. You have the basic understanding and reading comprehension skills of a six year old.
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8778 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.
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