Started By
Message

re: So, Here's My Question. Can Our Economy Survive 4-5 More Weeks of Virtual Shutdown?

Posted on 3/29/20 at 7:34 pm to
Posted by davyjones
NELA
Member since Feb 2019
30276 posts
Posted on 3/29/20 at 7:34 pm to
In that case, thanks and I guess I should better educate myself on the subject.

Thanks as well, Flats.

Posted by Vegas Eddie
The Quad
Member since Dec 2013
5979 posts
Posted on 3/29/20 at 7:39 pm to
quote:

This goes way way way beyond just restaurants and bars. There isn't a single sector in the economy other than government and healthcare that won't feel this sting.


Company I work for is printing money..,.. and we’re neither of those two
Posted by TRex
Member since Mar 2020
339 posts
Posted on 3/29/20 at 7:50 pm to
If that happens you better have a lot of guns and ammunition my brother
Posted by GeorgePaton
God's Country
Member since May 2017
4495 posts
Posted on 3/29/20 at 8:06 pm to
NO!

Supply train gets disrupted and then all hell breaks lose. It's going to be ugly.
This post was edited on 3/29/20 at 8:15 pm
Posted by Flats
Member since Jul 2019
21883 posts
Posted on 3/29/20 at 9:15 pm to
quote:

In that case, thanks and I guess I should better educate myself on the subject.

Thanks as well, Flats.


The only reason I know is that a good friend of mine is in the white collar side/analysis/projection part of the industry. The picture he’s painting is pretty damn bleak, but I don’t understand all of the points he makes. It’s not my world. The Saudi/Russia thing caught everybody by surprise, and Kung Flu is a horrible magnifier for the problem. He’s got a VP title and he said IF he keeps his job he almost certainly won’t keep his salary.
Posted by Catchfalaya
Member since Feb 2018
1923 posts
Posted on 3/29/20 at 9:31 pm to
What a stupid statement. You do realize that all these wars (Not civil) of the 19th century were fought overseas? At no point was business just turned off like it is now. This is a first time occurrence, and nobody knows how it will unfold. Most of these small businesses can’t have interruption for two weeks much less two months of no sales.
Posted by davyjones
NELA
Member since Feb 2019
30276 posts
Posted on 3/29/20 at 9:39 pm to
Yeah, I mean it's no doubt a dire crisis. Very dire. And when someone says that there's typically a knee jerk reaction by people immediately challenging the virulence of CV. And those people make good points. But the CV component is merely one piece of the crisis pie. Other slices are - the nature of the people in general, of the citizenry at large (nervousness, runs on groceries and other sundry wild reactions); MSM executing a unfortunately rather effective division operation; the fact that it is a worldwide crisis, every man for himself internationally; the effect on the economy; and also that aforementioned ongoing oil crisis; I'm probably leaving out a couple of other main slices.

But when you smash all those things together at the exact same time, that's the "unprecedented crisis" we're dealing with. Like smashing atoms together. Yuuge.
Posted by moneyg
Member since Jun 2006
56687 posts
Posted on 3/29/20 at 9:42 pm to
quote:

But regardless, where is this economy if it remains shut down thru April 30?



We are into 2008 territory for sure.
Posted by dewster
Chicago
Member since Aug 2006
25395 posts
Posted on 3/29/20 at 9:46 pm to
I think a shutdown until April 30 is going to kill a lot of otherwise healthy shopping malls, restaurants, bars, and hospitality businesses.

We are in uncharted waters and I think we may be in serious trouble.
Posted by Quidam65
Q Continuum
Member since Jun 2010
19311 posts
Posted on 3/29/20 at 9:50 pm to
quote:

But regardless, where is this economy if it remains shut down thru April 30?


If it stays closed that long, get ready to say "President Joe Biden" (or Andrew Cuomo, more likely).

Every time there's been an economic downturn, it has always resulted in a change in the party holding the White House. We need only look to the last one in 2006-2008 for proof.
Posted by Quidam65
Q Continuum
Member since Jun 2010
19311 posts
Posted on 3/29/20 at 9:53 pm to
quote:

There's no historical data you could base that prediction on, so what else is it based on?


1. The current oil price war between Russia and Saudi Arabia depressing per barrel prices.
2. Weakened demand due to a) people working at home and not needing to buy as much gas (my case) and/or b) people out of work and not needing gas to get to a job which they no longer have.
This post was edited on 3/29/20 at 9:53 pm
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27725 posts
Posted on 3/29/20 at 9:54 pm to
quote:

This country survived a Civil War and a World War

We were never told by force to stay home and hide. December 8, 1941, America went to work. During the Civil War NYC boomed as did most of the North....Lincoln did not tell people to hide in their homes

So you think May 1, Trump says ...all clear, everyone go back to what you were doing 2 months ago. You think it will be that easy? Or do you think the broken lives of millions was all worth it all?
Posted by davyjones
NELA
Member since Feb 2019
30276 posts
Posted on 3/29/20 at 10:11 pm to
Yeah, that looks like a pretty good assessment to me, and no doubt it's a rather nasty kicker to an already substantially ugly situation. It may come down to mere hope that some intervening factor diverts an absolute worst case scenario, however we define that. Let's just hope it doesn't come to that.
first pageprev pagePage 3 of 3Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram