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.

Is this how your family takes vacations?

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.

Anonymous wrote:

Anonymous wrote:I don't think people understand the magnitude of what is coming as a result of the pandemic.

Businesses large and small are in debt to their necks. Without cash flow, they will go bankrupt. We are about to see a huge wave of bankruptcies and massive layoffs.

One of the signs of this is that both stocks and bonds are selling off at the same time. That means people are not shifting money from stocks to bonds for safety, they are instead trying to liquidate all their investments (even at a loss) and raise cash as fast as possible to pay off debt. This will only work in the short term. If the economy is still halted months from now, bankruptcy is the only option. Jobless claims are already exploding, and a thousand bucks per American from the federal government won't make up the difference.

The government is preparing bailouts, but they can't bail out every industry. The nation can't afford it because our government is also deeply in debt. We are now adding trillions to the national debt in a matter of weeks while facing a fiscal cliff due to lack of tax revenue. The federal government's fiscal situation was already precarious, and this may tip it into our country's first default.

The only thing that will really help is a vaccine, and soon. Otherwise we are looking at an extended period of economic devastation. We will be lucky if it only lasts a few years.

Yeah, stop posting this everything. Things will go down but you’re basically just fearmongering shit

Anonymous wrote:According to this article it's time to buy soon..

https://www.marketwatch.com/story/market-behavior-a-century-ago-suggests-the-worst-could-be-over-for-stocks-if-not-for-the-coronavirus-pandemic-2020-03-19

Anonymous wrote:Yet meanwhile in China, CCP is booting that the Chinese economy is on track to meet their annual growth goal of 6%, LOL.

Anonymous wrote:Yet meanwhile in China, CCP is booting that the Chinese economy is on track to meet their annual growth goal of 6%, LOL.

Anonymous wrote:The checks are only for folks who earned under 95k last year

Anonymous wrote:I don't think people understand the magnitude of what is coming as a result of the pandemic.

Businesses large and small are in debt to their necks. Without cash flow, they will go bankrupt. We are about to see a huge wave of bankruptcies and massive layoffs.

One of the signs of this is that both stocks and bonds are selling off at the same time. That means people are not shifting money from stocks to bonds for safety, they are instead trying to liquidate all their investments (even at a loss) and raise cash as fast as possible to pay off debt. This will only work in the short term. If the economy is still halted months from now, bankruptcy is the only option. Jobless claims are already exploding, and a thousand bucks per American from the federal government won't make up the difference.

The government is preparing bailouts, but they can't bail out every industry. The nation can't afford it because our government is also deeply in debt. We are now adding trillions to the national debt in a matter of weeks while facing a fiscal cliff due to lack of tax revenue. The federal government's fiscal situation was already precarious, and this may tip it into our country's first default.

The only thing that will really help is a vaccine, and soon. Otherwise we are looking at an extended period of economic devastation. We will be lucky if it only lasts a few years.

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.

Exactly. But what no one is accounting for is that economic devastation takes a huge toll on public health. We are saving old/sick people and in turn sacrificing the futures & health of the young and able.