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re: Have We Not Seen The Beginning Of The Economic Downfall Yet?

Posted on 5/29/20 at 3:19 pm to
Posted by Scruffy
Kansas City
Member since Jul 2011
78056 posts
Posted on 5/29/20 at 3:19 pm to
(no message)
This post was edited on 6/9/20 at 12:59 pm
Posted by Privateer 2007
Member since Jan 2020
7951 posts
Posted on 5/29/20 at 3:22 pm to
quote:

where medicine is produced the job force is limited


Not at all.
Chemicals, pharma manufacturing, refining(some gasoline production curtailed) all just rolled on through this.
Posted by FulshearTiger
Member since Jul 2015
5295 posts
Posted on 5/29/20 at 3:25 pm to
quote:

Just as another bit of data. Today the Dow Jones is at -42. The Nasdaq +101


And what was it on Thursday and on Wednesday?
Posted by Scruffy
Kansas City
Member since Jul 2011
78056 posts
Posted on 5/29/20 at 3:26 pm to
(no message)
This post was edited on 6/9/20 at 12:59 pm
Posted by FulshearTiger
Member since Jul 2015
5295 posts
Posted on 5/29/20 at 3:32 pm to
Well aware. The guy used one day of information to show the market is "down". So I asked him what the data showed the last several days when it shot way up.
Posted by Scruffy
Kansas City
Member since Jul 2011
78056 posts
Posted on 5/29/20 at 3:33 pm to
(no message)
This post was edited on 6/9/20 at 12:58 pm
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 5/29/20 at 4:02 pm to
quote:

He has zero idea what is going on.


He’s an idiot. He literally has no idea about anything that goes on in the real world
Posted by latxwoman
Member since Mar 2019
824 posts
Posted on 5/29/20 at 4:49 pm to
A lot of small businesses got a small business loan, so they are flush with cash. In addition, many still have some stimulus funds, and are getting enhanced unemployment.

Once this all dries up, we will see the real truth. I suspect this will happen sometime in Mid August. It will be ugly.
Posted by auzach91
Marietta, GA
Member since Jan 2009
41507 posts
Posted on 5/29/20 at 4:54 pm to
No. Wait until 30 million unemployed who are surviving on the extra $ have to search for a job with only 15 million openings.
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