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Message
re: California gov. Issues stay at home order
Posted on 3/19/20 at 10:02 pm to Walking the Earth
Posted on 3/19/20 at 10:02 pm to Walking the Earth
quote:
I'm hoping to God that since, at the end of the day, these are politicians that we are dealing with, part of the equation is a cynical bet that they prep everybody for months and months of misery and then look awesome when they cut everybody loose in 2-4 weeks.
We can argue about the lack of disaster preparedness of the average citizen for sure, but even if you aren't one of them, their collapse will likely bring financial hardship on your business as well.
$1000 from the government won't keep your average family of 4 afloat for long. This will hurt banks, auto manufacturers, insurance, hospitals, plumbers etc.
The impact will be far greater than bartender Joe at Superior Grill if it drags on for very long.
0
Posted on 3/19/20 at 10:04 pm to noonan
quote:
That would sock.
Touché Touché
Posted on 3/19/20 at 10:05 pm to noonan
Haha! Thanks for making me laugh.
Posted on 3/19/20 at 10:08 pm to LSUTigerBait07
I just txt my cousin in Cali and he just replied
“lol, we all know how this is gonna play out.”
“lol, we all know how this is gonna play out.”
Posted on 3/19/20 at 10:08 pm to Tyga Woods
quote:
iF TheY dON’t hAve ENuFf MoNey tO pAy thEiR eMplOYeeS dURinG a SHuTdOwn tHeY shOuLdn’T bE iN bUsIneSS aNywAyz
Maybe I'm finally old enough to have lived through a few decent downturns now. I worked for a big financial company in 2008. 25% of our offices got laid off, including people that knew how to code.
Posted on 3/19/20 at 10:11 pm to Dizz
Hit ya boy up next time... we can go for some Fieldwork brews over at Canyon Club or Forth Bore 
Posted on 3/19/20 at 10:13 pm to fallguy_1978
quote:
worked for a big financial company in 2008. 25% of our offices got laid off, including people that knew how to code.
You think Banks are going to be fricked this time around?
Posted on 3/19/20 at 10:19 pm to I Bleed Garnet
quote:
You think Banks are going to be fricked this time around?
Probably not to that extent. They were the energy sector of 2020 in 2008. The shitty consequences just might shift from one industry to another though.
Many banks will take a hit if huge numbers of small businesses and consumers fold. People that have a household income of 60k have mortgages, auto loans and credit cards in most of the country.
Posted on 3/19/20 at 10:26 pm to fallguy_1978
quote:
Probably not to that extent. They were the energy sector of 2020 in 2008. The shitty consequences just might shift from one industry to another though.
Many banks will take a hit if huge numbers of small businesses and consumers fold. People that have a household income of 60k have mortgages, auto loans and credit cards in most of the country.
What Ive felt
Posted on 3/19/20 at 11:08 pm to fallguy_1978
quote:
Maybe I'm finally old enough to have lived through a few decent downturns now. I worked for a big financial company in 2008. 25% of our offices got laid off, including people that knew how to code.
Most people don’t understand how thin the margins can be...even for mega corporations. A month of no revenue can cripple a large percentage of the businesses in this country.
quote:
including people that knew how to code.
If learning to code didn’t save them then what hope do the rest of us have
Posted on 3/19/20 at 11:11 pm to Tyga Woods
It’s not all bad here. The pot shops can stay open!
Posted on 3/19/20 at 11:36 pm to Tyga Woods
quote:
If learning to code didn’t save them then what hope do the rest of us have
I don't think that a lot of people that weren't married or financially independent by then understand that their business analyst or CPA job might have a ton of dependencies on the local McDonald's franchises. It's all a domino effect.
This post was edited on 3/19/20 at 11:38 pm
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