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re: Goldman Sachs Projections: Q1 GDP Down 6%, Q2 Down 24%

Posted on 3/22/20 at 11:27 pm to
Posted by mmmmmbeeer
ATL
Member since Nov 2014
10189 posts
Posted on 3/22/20 at 11:27 pm to
quote:

That’s cute. The government doesn’t protect a fricking thing except for itself. The government for all intents and purposes is the enemy of liberty loving individuals like myself. The government continuing to function in its current state is a direct affront to the founding fathers’ principles as well as myself and like minded individuals.


Oh ffs....I should've known you're another one of those boot strap motherfrickers who talks like a badass until shite hits home and then whines and cries about government, minorities, or the "goddamn Jews".
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
97931 posts
Posted on 3/22/20 at 11:31 pm to
quote:

mmmmmmbeer is having the time of his life during this pandemic


Melting down like no other
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 3/22/20 at 11:31 pm to
quote:

There are public consequences to leaving that decision to people with a vested interest in staying open. You understand that, right?


Yeah, those people have a vested interest in staying open so them and their employees can feed their family and pay bills. Kinda hard to do that when you’re out of fricking work because the government decided that your job wasn’t essential. Even though as far as you’re concerned, it’s very essential to yourself.

quote:

I'm saying that if our government doesn't pull its head out of its arse to ramp us testing


What do you want the government to do in that regard? They’ve ordered more tests, what else can they do?
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 3/22/20 at 11:34 pm to
quote:

boot strap motherfrickers who talks like a badass


I don’t even know what this means.

Furthermore, if you rely on the government to protect you, then you’re in a world of shite. Government ain’t protecting shite.

quote:

whines and cries about government


Right now, in this country, government is about 75% of the problem.
This post was edited on 3/22/20 at 11:37 pm
Posted by greenhead11
Member since Feb 2012
955 posts
Posted on 3/22/20 at 11:36 pm to
quote:

there's no containment without them


We are well past containment at this stage unfortunately.

Hopefully this won’t be a global slow down

Posted by fallguy_1978
Best States #50
Member since Feb 2018
53519 posts
Posted on 3/22/20 at 11:39 pm to
quote:

Hopefully this won’t be a global slow down

It's absolutely going to be this already baw. If it drags on for months we'll have 25% unemployment.
Posted by greenhead11
Member since Feb 2012
955 posts
Posted on 3/22/20 at 11:44 pm to
The glimmer of hope is that China seems to be going back to some normalcy. Unlike 2007/08 we don’t have predatory lending, horrific balance sheets and the consumer is strong. In the US at least
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298927 posts
Posted on 3/22/20 at 11:45 pm to
quote:

I should've known you're another one of those boot strap motherfrickers who talks like a badass until shite hits home and then whines and cries about government, minorities, or the "goddamn Jews


100% projection
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53519 posts
Posted on 3/22/20 at 11:46 pm to
quote:

Unlike 2007/08 we don’t have predatory lending, horrific balance sheets and the consumer is strong. In the US at least

It's not systemic yet but the small business closures could be an economic disaster. We'll bail out the hotels, cruiselines and airlines.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298927 posts
Posted on 3/22/20 at 11:51 pm to
quote:

There are public consequences to leaving that decision to people with a vested interest in staying open. You understand that, right?


There are public consequences to authoritarian control as well.

There are tradeoffs. The government will find this out fairly quickly.
Posted by greenhead11
Member since Feb 2012
955 posts
Posted on 3/22/20 at 11:52 pm to
I think the trump admin will be more resistant to a buy out of the airlines..

Medically, we will Know a lot more in th next 7-10 days if our measures are working, and worth the economic sacrifice
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53519 posts
Posted on 3/22/20 at 11:58 pm to
quote:

I think the trump admin will be more resistant to a buy out of the airlines..

We'll have to prop them up. We aren’t talking about a fast food chain. Airlines are essential to the economy.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
298927 posts
Posted on 3/23/20 at 12:05 am to
quote:

It's not systemic yet but the small business closures could be an economic disaster


The ripple effect will be dramatic. Every facet of the economy will be impacted.
Posted by MojoGuyPan
Intercession City, Florida
Member since Jun 2018
2797 posts
Posted on 3/23/20 at 3:52 am to
quote:

Goldman Sachs just blew those estimates out of the water


Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 3/23/20 at 5:31 am to
quote:

Q2 Down 24%


That's Great Depression territory
Posted by East Coast Band
Member since Nov 2010
66950 posts
Posted on 3/23/20 at 6:38 am to
Dow futures down another 2-3% this morning.

Another problem for people is that, if they need to tap into their savings/ 401k during these times, they'll be doing it at 60% of its value at the beginning of the year. Tough pill to swallow
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
12846 posts
Posted on 3/23/20 at 8:29 am to
quote:

And I'm sure business will just fricking BOOM while, literally, a couple million Americans die because our government chose the economy over life. This is a recipe for this country to fail...social disorder...ugly.

So with an economic price tag equal to possibly the entire fricking healthcare industry, you don’t think we could have managed the outbreak by shoring up the healthcare industry for a similar or lesser cost?
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 3/23/20 at 8:41 am to
(no message)
This post was edited on 3/23/20 at 2:31 pm
Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6793 posts
Posted on 3/23/20 at 8:45 am to
quote:

In a way, this will be our WWII
Oh for frick's sake.
Posted by back9Tiger
Island Coconut Salesman
Member since Nov 2005
17946 posts
Posted on 3/23/20 at 8:45 am to
Until there is no viable market need for what you do...then what?
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