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re: Why is everyone freaking out about the economy?

Posted on 4/1/20 at 3:19 pm to
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 4/1/20 at 3:19 pm to
quote:

Over 2 weeks = we are in for scary times with many small and large businesses potentially never coming back



I saw small business in my area out for Hurricane harvey for 6-12 months and they came back.
Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 4/1/20 at 3:22 pm to
quote:

Literally just bought another $10k of stock.


Which stock?



Posted by LNCHBOX
70448
Member since Jun 2009
89398 posts
Posted on 4/1/20 at 3:25 pm to
quote:

magildachunks


Do you try to suck dick as a poster or are you just naturally terrible?
Posted by DCtiger1
Member since Jul 2009
11931 posts
Posted on 4/1/20 at 3:28 pm to
quote:

saw small business in my area out for Hurricane harvey for 6-12 months and they came back


Ever heard of business interruption insurance?

Doesn’t apply in this instance
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 4/1/20 at 3:29 pm to
quote:

Y'all assured me two weeks ago that the economy would bounce right back after the quarantine. 


Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 4/1/20 at 3:32 pm to
quote:

Y'all assured me two weeks ago that the economy would bounce right back after the quarantine.



I clearly don’t remember anyone saying that
Posted by McLemore
Member since Dec 2003
35542 posts
Posted on 4/1/20 at 3:34 pm to
quote:

I doubt these 2 groups overlap


well said.

TD has become a clown show.
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 4/1/20 at 3:35 pm to
quote:

saw small business in my area out for Hurricane harvey for 6-12 months and they came back.


Just curious. What kinds of businesses were out that long?
Posted by Crowknowsbest
Member since May 2012
27002 posts
Posted on 4/1/20 at 3:38 pm to
quote:

This indicates to me that with the economy being slowed down to a halt, there is going to be an abundance of bankruptcies and layoffs on the horizon.

No shite. Major depression event is very much in play.
This post was edited on 4/1/20 at 3:39 pm
Posted by Redbone
between St. Amant and Port Vincent
Member since Sep 2012
20738 posts
Posted on 4/1/20 at 3:46 pm to
quote:

Y'all
Who dafuk is Y'll?

Name them or drop it.
Posted by yellowfin
Coastal Bar
Member since May 2006
99043 posts
Posted on 4/1/20 at 3:48 pm to
If someone said that they aren’t very smart
Posted by bayoudude
Member since Dec 2007
25934 posts
Posted on 4/1/20 at 3:51 pm to
quote:

Why is everyone freaking out about the economy?


Guessing you don't have much invested.. my brokerage account has taken a beating recently. Even with a bounce back it may take years to recover lost $$. Lots of retirements will be postponed I would think.
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 4/1/20 at 3:53 pm to
I’m pretty sure it was PeeJ and OweO that told everyone things would blow over and everything would be okay in a couple weeks.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78703 posts
Posted on 4/1/20 at 4:32 pm to
You think a major depression is in play even with the strong economy we had not even a month ago?
Posted by RobbBobb
Member since Feb 2007
34410 posts
Posted on 4/1/20 at 4:33 pm to
quote:

Y'all assured me two weeks ago that the economy would bounce right back after the quarantine.


Do you doubt that now?

I don't know what to do. Im so confused. I don't think the economy will bounce back, but I also didn't assure you that it would. And if I already doubted the bounce back 2 weeks ago, why would I have assured you then?

Or was this rhetorical? Cuz its not, really
Posted by tigerbutt
Deep South
Member since Jun 2006
26450 posts
Posted on 4/1/20 at 4:51 pm to
quote:

Literally just bought another $10k of stock.


Me too....well almost $10K
Posted by RTRinTampa
Central FL
Member since Jan 2013
5532 posts
Posted on 4/1/20 at 4:55 pm to
The irony in this is that people that actually work and contribute (the producers) are the ones getting hammered and those that rely on the government tit (parasites) are still getting paid.

If you are going to shut down businesses that actually pay taxes and provide employment, then, it only right to cut off welfare checks, right?

This is simply punish the responsible and reward the irresponsible.
This post was edited on 4/1/20 at 5:27 pm
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 4/1/20 at 5:01 pm to
quote:

Just curious. What kinds of businesses were out that long?


Restaurants, locally. Some that didn't have flood insurance.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
38540 posts
Posted on 4/1/20 at 5:06 pm to
The goal posts all over on this thing keeps moving. We now go to May 1 when it was April 13. Now they are saying the virus can go undetected for a month and a half.

Fauci and Birx should be told that they are on the clock.
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 4/1/20 at 5:07 pm to
quote:


Restaurants, locally. Some that didn't have flood insurance.



Restaurants definitely have business interruption insurance
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