Second Great Depression

[Anonymous]

Maybe they should concentrate all the old people into groups and give them their own camps to live in away from the rest of us amirite?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Here is a sensible plan to save us from this total economic meltdown insanity:
https://www.nytimes.com/2020/03/22/opinion/coronavirus-economy.html

This is a great idea. I hope this gets traction

Me too. I’m terrified that all this will end in a Great Depression + violence

[Anonymous]

Anonymous wrote:There are two main considerations in the U.S. response to coronavirus. One is public health. The other is economic. The U.S. is currently focusing entirely on public health. As a result, the economic devastation will be enormous.

Not worth it. We should have let 3-5% of the population die and be done with it. Let darwin do his job for once. Way too many humans on the planet.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No. I do not think there will be a great depression. There will be a temporary hit for 1 or 2 years, but the world will rally after that.
Mainly because this is quarantining in place for a disease that is not killing like Black Death. Once a vaccine is formulated world will rally back very quickly.

If Govt helps out individuals (instead of industries) and every one goes in a frozen/holding pattern, we will be fine.

I do think that some industries will go down and some other industries will come up.

This is not a weather related disaster. We are not in the shoes of Puerto Rico after the Hurricane hit and Trump did not help. We are still sheltering in place with our families, in air conditioned homes, with wifi and food. This is basically...a vacation for many.

Agreed. Recession, yes, definitely not another Great Depression. Even in quarantine, our lives are cushy. Gyms are live streaming classes, grocery delivery is a thing, we have wifi, etc. We're just so privileged that any sacrifice feels catastrophic to some. I'm not just picking on others either. I've had to check my own privilege during this time about what constitutes a necessity.

The markets will rebound and those of us who stayed the course will be rewarded for it.

Whatever drugs you are taking I want in!

[Anonymous]

Let's see...2/3 of our economy is the service sector, the service sector has disappeared overnight. Americans have no savings. Our government is in unprecedented debt.

The big question is not if, but what will this look like.

Civil unrest? I'd be worried if I did not own a gun. 350 million people, half of which can't feed their children?

Will it be massive inflation? Will all those that have cash hoard it? Will a loaf of bread be $15?


A nation where half have no health insurance and no way to pay for any sort of medical care.

Millions and millions of illegal immigrants who already were day wage workers. How's that gonna play out? Think Americans are going to appreciate them here crowing out now scarce jobs?

The house of cards is in the middle of a massive collapse.

[Anonymous]

Anonymous wrote:Let's see...2/3 of our economy is the service sector, the service sector has disappeared overnight. Americans have no savings. Our government is in unprecedented debt.

The big question is not if, but what will this look like.

Civil unrest? I'd be worried if I did not own a gun. 350 million people, half of which can't feed their children?

Will it be massive inflation? Will all those that have cash hoard it? Will a loaf of bread be $15?


A nation where half have no health insurance and no way to pay for any sort of medical care.

Millions and millions of illegal immigrants who already were day wage workers. How's that gonna play out? Think Americans are going to appreciate them here crowing out now scarce jobs?

The house of cards is in the middle of a massive collapse.

From down this will trickle up
I have heard of the trickle down economy

This time it will trickle up

Some restaurants and other businesses will also decide to not pay rent because what can the landlord do?
Malls do not have customers
With deaths rising, will there be kids left without caretakers
If we end up in martial law, will we loose our freedoms we have taken for granted

[Anonymous]

Anonymous wrote:Let's see...2/3 of our economy is the service sector, the service sector has disappeared overnight. Americans have no savings. Our government is in unprecedented debt.

The big question is not if, but what will this look like.

Civil unrest? I'd be worried if I did not own a gun. 350 million people, half of which can't feed their children?

Will it be massive inflation? Will all those that have cash hoard it? Will a loaf of bread be $15?


A nation where half have no health insurance and no way to pay for any sort of medical care.

Millions and millions of illegal immigrants who already were day wage workers. How's that gonna play out? Think Americans are going to appreciate them here crowing out now scarce jobs?

The house of cards is in the middle of a massive collapse.

Americans don’t want day wage laborer jobs. If they did, they’d already have filled them rather than some guy who walked her from Guatemala two months ago. We saw what happened in North Carolina when they tried filling agri jobs with Americans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let's see...2/3 of our economy is the service sector, the service sector has disappeared overnight. Americans have no savings. Our government is in unprecedented debt.

The big question is not if, but what will this look like.

Civil unrest? I'd be worried if I did not own a gun. 350 million people, half of which can't feed their children?

Will it be massive inflation? Will all those that have cash hoard it? Will a loaf of bread be $15?


A nation where half have no health insurance and no way to pay for any sort of medical care.

Millions and millions of illegal immigrants who already were day wage workers. How's that gonna play out? Think Americans are going to appreciate them here crowing out now scarce jobs?

The house of cards is in the middle of a massive collapse.

Americans don’t want day wage laborer jobs. If they did, they’d already have filled them rather than some guy who walked her from Guatemala two months ago. We saw what happened in North Carolina when they tried filling agri jobs with Americans.

There is no way I would ever work as agricultural laborer

Most Americans would complain about exposure to pesticides
Besides, pay is low. I heard someone say $100 per day. The farmer has a plan to charge you for accommodation, food, transport, and he gets your actual pay is much less

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are two main considerations in the U.S. response to coronavirus. One is public health. The other is economic. The U.S. is currently focusing entirely on public health. As a result, the economic devastation will be enormous.

Not worth it. We should have let 3-5% of the population die and be done with it. Let darwin do his job for once. Way too many humans on the planet.

You are assuming that the impact on public health will have 0 economic impact. That is not accurate either. Morbidity rate of 70% and mortality rate of 3-5% (probably more if systems are overwhelmed) will also have a devastating economic impact.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let's see...2/3 of our economy is the service sector, the service sector has disappeared overnight. Americans have no savings. Our government is in unprecedented debt.

The big question is not if, but what will this look like.

Civil unrest? I'd be worried if I did not own a gun. 350 million people, half of which can't feed their children?

Will it be massive inflation? Will all those that have cash hoard it? Will a loaf of bread be $15?


A nation where half have no health insurance and no way to pay for any sort of medical care.

Millions and millions of illegal immigrants who already were day wage workers. How's that gonna play out? Think Americans are going to appreciate them here crowing out now scarce jobs?

The house of cards is in the middle of a massive collapse.

Americans don’t want day wage laborer jobs. If they did, they’d already have filled them rather than some guy who walked her from Guatemala two months ago. We saw what happened in North Carolina when they tried filling agri jobs with Americans.

Of course americans won't fill them when unemployment is 3% and there were better jobs to be had. Write back next week.

10 days in and your thought process is already antiquated

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let's see...2/3 of our economy is the service sector, the service sector has disappeared overnight. Americans have no savings. Our government is in unprecedented debt.

The big question is not if, but what will this look like.

Civil unrest? I'd be worried if I did not own a gun. 350 million people, half of which can't feed their children?

Will it be massive inflation? Will all those that have cash hoard it? Will a loaf of bread be $15?


A nation where half have no health insurance and no way to pay for any sort of medical care.

Millions and millions of illegal immigrants who already were day wage workers. How's that gonna play out? Think Americans are going to appreciate them here crowing out now scarce jobs?

The house of cards is in the middle of a massive collapse.

Americans don’t want day wage laborer jobs. If they did, they’d already have filled them rather than some guy who walked her from Guatemala two months ago. We saw what happened in North Carolina when they tried filling agri jobs with Americans.

There is no way I would ever work as agricultural laborer

Most Americans would complain about exposure to pesticides
Besides, pay is low. I heard someone say $100 per day. The farmer has a plan to charge you for accommodation, food, transport, and he gets your actual pay is much less

Illegal immigrants don't just do farm work. Of course you would never do such work and would cry about pesticides. I bet you shot at whole foods. Your view of the world and how average americans might behave in an economic collapse is from a bubble.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are two main considerations in the U.S. response to coronavirus. One is public health. The other is economic. The U.S. is currently focusing entirely on public health. As a result, the economic devastation will be enormous.

Not worth it. We should have let 3-5% of the population die and be done with it. Let darwin do his job for once. Way too many humans on the planet.

You are assuming that the impact on public health will have 0 economic impact. That is not accurate either. Morbidity rate of 70% and mortality rate of 3-5% (probably more if systems are overwhelmed) will also have a devastating economic impact.

Not as bad as this. The only realistic solution here I herd immunity. Let everyone get sick, close hospital doors to those under 60 and provide mostly at home care to the best of our ability. Best to just rip the bandaid off the severed arm and let it rot off quickly rather this slow death.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are two main considerations in the U.S. response to coronavirus. One is public health. The other is economic. The U.S. is currently focusing entirely on public health. As a result, the economic devastation will be enormous.

Not worth it. We should have let 3-5% of the population die and be done with it. Let darwin do his job for once. Way too many humans on the planet.

You are assuming that the impact on public health will have 0 economic impact. That is not accurate either. Morbidity rate of 70% and mortality rate of 3-5% (probably more if systems are overwhelmed) will also have a devastating economic impact.

Not as bad as this. The only realistic solution here I herd immunity. Let everyone get sick, close hospital doors to those under 60 and provide mostly at home care to the best of our ability. Best to just rip the bandaid off the severed arm and let it rot off quickly rather this slow death.

Close hospital care to those under 60? Are you seriously advocating letting teens and people in their 20’s that need ventilators die so that 60+ year olds are saved? If we do this, anyone over 40 or 45 should receive no hospital care for anything including heart attack and stroke.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There are two main considerations in the U.S. response to coronavirus. One is public health. The other is economic. The U.S. is currently focusing entirely on public health. As a result, the economic devastation will be enormous.

Not worth it. We should have let 3-5% of the population die and be done with it. Let darwin do his job for once. Way too many humans on the planet.

You are assuming that the impact on public health will have 0 economic impact. That is not accurate either. Morbidity rate of 70% and mortality rate of 3-5% (probably more if systems are overwhelmed) will also have a devastating economic impact.

Not as bad as this. The only realistic solution here I herd immunity. Let everyone get sick, close hospital doors to those under 60 and provide mostly at home care to the best of our ability. Best to just rip the bandaid off the severed arm and let it rot off quickly rather this slow death.

That’s not how gangrene works. Hoping a rotting limb will just fall off and somehow leave the rest of the body alive will lead to a horrible, slow death.

[Anonymous]

Big QE today. Thank
God