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Incoming Economic Collapse?

Posted on 3/14/20 at 10:36 am
Posted by greygoose
Member since Aug 2013
15177 posts
Posted on 3/14/20 at 10:36 am
I think everyone would agree, that the media is pushing the narrative and instilling mass fear. The weak-minded are the ones buying 100 packs of toilet paper. That being said, I am much more worried about an economic collapse. We are seeing everything closing. Sports, church services, concerts, schools, colleges, etc. The economic impact has to be enormous. Correct me if my thinking is flawed.
Posted by burdman
Louisiana
Member since Aug 2007
22814 posts
Posted on 3/14/20 at 10:37 am to
The economic impact is enormous. That doesn’t mean economic collapse though.
Posted by SavageOrangeJug
Member since Oct 2005
19758 posts
Posted on 3/14/20 at 10:37 am to
The market regained over 1/3 of it's losses in a single day yesterday. We will be fine.

Turn off CNN and go get some fresh air.
Posted by Codythetiger
Arkansas
Member since Nov 2006
30486 posts
Posted on 3/14/20 at 10:38 am to
Trucking business is odd right now, drivers are asking for crazy rates but the shippers don't want to pay them
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
45552 posts
Posted on 3/14/20 at 10:38 am to
It’s all temporary. If it lasts more than a couple of months then I’d get worried.
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
20407 posts
Posted on 3/14/20 at 10:38 am to
You are corrected. This thing will be over shortly. Relax.
Posted by Champagne
Sabine Free State.
Member since Oct 2007
56210 posts
Posted on 3/14/20 at 10:38 am to
I don't know. But even if there's a major impact, wouldn't it tend to be a "disruption" rather than a "collapse"?

And if the USA can be destroyed by such a relatively non-lethal biological agent, hasn't the USA's FedGov failed to execute its most basic function: to safeguard the survival of the nation-state?

If the USA fails such a relatively minor test, perhaps the USA wasn't destined to last forever. After all, major internal political factions have been working hard for over 50 years to harm the interests of the USA. Perhaps they succeeded in weakening it.
This post was edited on 3/14/20 at 10:40 am
Posted by SavageOrangeJug
Member since Oct 2005
19758 posts
Posted on 3/14/20 at 10:39 am to
quote:

drivers are asking for crazy rates but the shippers don't want to pay them
Rates will go down when the truck payment is due.

Rates always drop when fuel prices drop. Nature of the beast.
Posted by tigerfan88
Member since Jan 2008
9287 posts
Posted on 3/14/20 at 10:39 am to
Spain is about to join Italy in complete shutting down the country to stop the spread.

When will some of you get it through your heads that this is real? We’re in precisely the same situation Italy and Spain were roughly ten days ago, and were doing nothing differently. In fact we’ve been worse in almost every way
Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6795 posts
Posted on 3/14/20 at 10:39 am to
quote:

Turn off CNN and go get some fresh air.
Best advice
Posted by FlyinTiger93
Member since May 2010
3724 posts
Posted on 3/14/20 at 10:39 am to
My company sells a luxury good. I fully expect a dip, even though our owner remains optimistic. I, myself, am being more cautious, as I do not want to bring it home to my kids. I can not imagine that I am alone in that train of thought. People just are not going to be as social for a few months, while this passes.
This post was edited on 3/14/20 at 10:40 am
Posted by RealityTiger
Geismar, LA
Member since Jan 2010
20543 posts
Posted on 3/14/20 at 10:40 am to
Trucking business is fine right now. All you have to do is get on I-10 to see for yourself.
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
20407 posts
Posted on 3/14/20 at 10:40 am to
quote:

non-lethal biological agent,


This rumor needs to die. Worst bio agent ever. It gives you a bad cold and only kills the really young or old.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
40810 posts
Posted on 3/14/20 at 10:41 am to
quote:

Trucking business is odd right now, drivers are asking for crazy rates but the shippers don't want to pay them



Sounds like the trucking business
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53837 posts
Posted on 3/14/20 at 10:41 am to
Most businesses will have a bad Q1-Q2 and go back to normal.

I'm more worried about small businesses and the impact on them. I think the government is going to try to step in and prop some of them up.

Energy is a whole different ballgame.
Posted by lsu711
Member since Sep 2003
15526 posts
Posted on 3/14/20 at 10:42 am to
quote:

buying 100 packs of toilet paper.

TP sales will keep the economy humming.
Posted by ellesssuuu
Baton Rouge
Member since Mar 2016
3194 posts
Posted on 3/14/20 at 10:42 am to
Things will be slow for a couple of months but will recover
Posted by Sneaky__Sally
Member since Jul 2015
12364 posts
Posted on 3/14/20 at 10:43 am to
It will rebound I dont think it will get to pre corona levels because the market was due for a correction.
Posted by LSUBadger
Member since Jan 2014
2238 posts
Posted on 3/14/20 at 10:43 am to
Quit being such a pussy. There are tens of thousands who have it but they are not dying. Sort of like the flu

Y’all are presuming Armageddon because you don’t have enough data. Once you have more data it will be over.
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 3/14/20 at 10:43 am to
quote:

Incoming Economic Collapse?


Are you aware that we’re only just now getting close to the level the economy was at when jug ears left office? The economy is still very very strong.

Our economy is still the most stable and strongest economy in the world. Don’t listen to the media.

However, frick the Democrats in the House of Representatives for axing the payroll tax cut while giving out more free shite.
This post was edited on 3/14/20 at 10:49 am
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