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Corona Virus

Ja Rhule

By Ja Rhule,
in Huddle Lounge

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kungfoodude Grand Master

kungfoodude

Posted
Posted
2 minutes ago, LinvilleGorge said:

Yep. I've already called my former next door neighbor who is 82 and told him that if he needs anything to call me and I'll bring it to him. Keep yo ass at home! We only moved one ridge over and I can be there in five minutes.

You just said you probably had coronavirus previously! What are you, the Angel of Death???

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LinvilleGorge Grand Master

LinvilleGorge

Posted
Posted

Public health emergency aside, we might be looking at the start of the Great Depression v. 2.0. 

If this massive slowdown lasts say two months, it'll be a huge punch in the gut but I think we could bounce back from that. If it lasts say six months or more... man, I just don't know. Practically every small business out there is going to go under. Tons of people are going to go bankrupt. You're looking at the Great Depression in that scenario IMO.

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LegioX Mentor

LegioX

Posted
Posted
1 minute ago, kungfoodude said:

Bob Evans? Only old people go to Bob Evans......oh poo....he's trying to get rid of their olds. Damn. 

I’m not old and go to Bob Evans sometimes. They are a good place to go to before hitting the road for a long distance family trip

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kungfoodude Grand Master

kungfoodude

Posted
Posted (edited)
16 minutes ago, LinvilleGorge said:

Public health emergency aside, we might be looking at the start of the Great Depression v. 2.0. 

If this massive slowdown lasts say two months, it'll be a huge punch in the gut but I think we could bounce back from that. If it lasts say six months or more... man, I just don't know. Practically every small business out there is going to go under. Tons of people are going to go bankrupt. You're looking at the Great Depression in that scenario IMO.

The longer they keep up quarantine measures, the further down this hole it will end up. An extended quarantine with no safety net measures will basically torpedo not only the economy but it will wreck the American public, who largely lives paycheck to paycheck. Quarantine is probably literally the last thing the American public needs and I know that sounds cold but it is also very true. 

Right now the market plummeting has limited impacts on the general public(in the short term) because so few Americans actually have substantial funds in it and those that do are going to be working for companies that are much more likely to offer paid leave. But once you starting breaking the lower classes(who also don't have the ability to stock up on weeks worth of groceries at a time) that is when you are really going to see a quick acceleration of this whole thing. 

Aside from the arguments I have made regarding the quarantine statistically, this one should seriously scare people. If you are going to close all the stores, all the restaurants, all the businesses make that next logical leap to what is going to happen when food is scarce and people are not getting paid. 

Edited by kungfoodude
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Happy Panther Grand Master

Happy Panther

Posted
Posted (edited)
20 minutes ago, LinvilleGorge said:

Public health emergency aside, we might be looking at the start of the Great Depression v. 2.0. 

If this massive slowdown lasts say two months, it'll be a huge punch in the gut but I think we could bounce back from that. If it lasts say six months or more... man, I just don't know. Practically every small business out there is going to go under. Tons of people are going to go bankrupt. You're looking at the Great Depression in that scenario IMO.

Maybe but I would bet against it. Once there is any sign of recovery we will need a huge stimulus package. In many countries like in 2008 and later. We have to prop up airlines, create a small business packages an maybe send everybody $1,000. 

The underlying economic data has been very strong. And we have fixed most of what caused the great recession in 2008. Many were predicting a natural correction in the market and we certainly got one. 

This seems like it would be more of a V shaped recovery based on the economy overall. But I can't predict anything in the market. I'm buying equities all the way down and hopefully more equities when the recovery comes will pay off.

If we are under quarantine until November you might be right.

 

Edited by Happy Panther
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