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Economic point of no return is March 30, back to work or damage irreversible
LoP Guest
lop guest
User ID: 539703
03-24-2020 10:48 PM

 




Post: #31
RE: Economic point of no return is March 30, back to work or damage irreversible
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Sing-IllSway  Wrote: (03-24-2020 10:34 PM)
AnatoliyGolitsyn  Wrote: (03-24-2020 09:22 PM)
I think QE will keep everything afloat, for now, and jobs will return.

I hate to sound like an optimist, because I don't want to jinx every goddamn thing, but as soon as we're all let back out into the world (I'm trying to gauge things exclusively according to the states of the hospitals, and according to how things went down in Wuhan, which was the worst case scenario but emerged after a few months), I know people will be dying to get back to work.

My idea, and I'm not an economist, but:

As far as rent and mortgage payments, I say the feds should declare that April and May never happened. No one pays.

And then the feds subsidize the landlords accordingly. The landlords likely won't get everything right away, but God willing a deal can be reached so that they are taken care of to keep them afloat.

It's better than half the population of every major American being suddenly f*cking...homeless.

In the meantime they cut us checks to help as much as possible. We will HAVE to dig ourselves out. But I believe we can. We've done it before.

Lots of my friends are nervous about paying rent. Which I 100% understand. But the courts are shut down. So no one can get evicted anyway.

We need to hit the reset button if/when, HOPEFULLY, after May, sh*t cools down here like in Wuhan and other places.

We just gotta all keep apart for a bit. Stay home. It'll be ok. We can still kick this thing's ass.

Foreclosures and evictions were ordered to be postponed.
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Sing-I'llSway
Equal Opportunity Skeptic
User ID: 539713
03-24-2020 10:54 PM

Posts: 2,518




Post: #32
RE: Economic point of no return is March 30, back to work or damage irreversible
IToldYouSo  Wrote: (03-24-2020 09:58 PM)
Strategos  Wrote: (03-24-2020 08:58 PM)
Complete meltdown of civil society, much like Iraq/Venezuela.

Only this time, we don't have an America to send us aid.

We have nobody.

And nowhere to escape to.

https://spectator.org/back-to-work-by-ma...mperative/

Tell Bloomberg to give every American a million bucks.
We'll be fine

No bullshit, I've had this exact same thought.

Every American billionaire, Bezos, Zuckerberg, Speilberg, Soros, Musk, that Kardashian idiot, all of them give at least half their net worth straight into the economy to help everyone get back on their feet.

I am fine with America's right to exist, and American's rights to eat and have homes and jobs and medicine, eclipsing anyone's "right" to be obscenely wealthy.

They would each be left with $500,000,000, easy. More than they or their descendants could ever spend. They would still have more than they could ever, ever need. In my opinion they would be getting off easy.

It won't fix everything, but an injection like that into the economy would absolutely help.

People may be imminently suffering horribly. That's all that matters to me. If it means the feds have to seize resources from the billionaires, fine. I would support that 100%.

Right now it may be us or them. I don't give a damn about them.

"It’s like in the great stories, Mr. Frodo...Full of darkness & danger...sometimes you didn’t want to know the end...But it’s only a passing thing, this shadow...Folk had lots of chances of turning back, only they kept going...they were holding on to something…That there’s some good in the world, Mr. Frodo, and it’s worth fighting for.”
-Samwise
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Sing-I'llSway
Equal Opportunity Skeptic
User ID: 539713
03-24-2020 11:09 PM

Posts: 2,518




Post: #33
RE: Economic point of no return is March 30, back to work or damage irreversible
LoP Guest  Wrote: (03-24-2020 10:14 PM)
Trump says he wants quarantine over by 12 April

Donald Trump doubled down on his pledge to end a national shutdown over the coronavirus, arguing on Tuesday that a prolonged economic lapse could "destroy" the United States as he vowed to open the country by Easter.

"We lose thousands and thousands of people a year to the flu, we don't turn the country off," Mr Trump said during a Fox News virtual town hall from the White House. "We lose thousands of people a year to the flu. We have to get back to work. ... The faster we go back, the better."


https://news.yahoo.com/coronavus-trump-s...29269.html

:thumbup

Ohhhhhh, man. I don't know. I just don't know.

There is NO foregone conclusion dictating the economic consequences will result in another goddamn Great Depression. There's no foregone conclusion dictating anything.

We KNOW that there is a very HIGH possibility that tens, or hundreds of thousands, or a million people, WILL die if we just end the quarantine. We know that. That's just...math. It's not my opinion.


One option: we relax the quarantine; the economy may endure, but thousands of deaths, possibly more, all at once, overload the healthcare system, infecting workers who are not properly geared (God willing they are eventually...), leaving less doctors/nurses to take care of patients, which increases patient deaths, etc...

The other option: we stay the hell inside for at least 1, hopefully not 2 months, keep it together, using the good people of Wuhan as a model of cooperation, and then utilize the resources of the federal government to repair things as much as possible. We struggle but survive. Many deaths surely averted.


Personally, guaranteed widespread death is unacceptable to me.

I think if we can contain THE WORST of this son of a bit*h to New York and New Jersey, the two biggest hotspots right now in the country, and protect the OTHER states, then we can conceivably use the resources OF those other states, their doctors and nurses etc, to keep things manageable.

But we gotta stay put and let this thing run its course.

It's like a siege, man. We have to outlive the enemy at our gates. And we can. If we cooperate.

"It’s like in the great stories, Mr. Frodo...Full of darkness & danger...sometimes you didn’t want to know the end...But it’s only a passing thing, this shadow...Folk had lots of chances of turning back, only they kept going...they were holding on to something…That there’s some good in the world, Mr. Frodo, and it’s worth fighting for.”
-Samwise
Quote this message in a reply
Sing-I'llSway
Equal Opportunity Skeptic
User ID: 539713
03-24-2020 11:11 PM

Posts: 2,518




Post: #34
RE: Economic point of no return is March 30, back to work or damage irreversible
LOP Secret Agent  Wrote: (03-24-2020 10:15 PM)
I guess this is what Communism is like, or what living in third world country is like, with no economy, people getting money for nothing all the time. Jhikpghf

I don't understand, you're against federal aid?

You understand, without it, people will not be able to eat or afford medicine or pay rent?

For the sake of ideology, that's acceptable to you?

"It’s like in the great stories, Mr. Frodo...Full of darkness & danger...sometimes you didn’t want to know the end...But it’s only a passing thing, this shadow...Folk had lots of chances of turning back, only they kept going...they were holding on to something…That there’s some good in the world, Mr. Frodo, and it’s worth fighting for.”
-Samwise
Quote this message in a reply
Sing-I'llSway
Equal Opportunity Skeptic
User ID: 539713
03-24-2020 11:15 PM

Posts: 2,518




Post: #35
RE: Economic point of no return is March 30, back to work or damage irreversible
LoP Guest  Wrote: (03-24-2020 10:48 PM)
Sing-IllSway  Wrote: (03-24-2020 10:34 PM)
I hate to sound like an optimist, because I don't want to jinx every goddamn thing, but as soon as we're all let back out into the world (I'm trying to gauge things exclusively according to the states of the hospitals, and according to how things went down in Wuhan, which was the worst case scenario but emerged after a few months), I know people will be dying to get back to work.

My idea, and I'm not an economist, but:

As far as rent and mortgage payments, I say the feds should declare that April and May never happened. No one pays.

And then the feds subsidize the landlords accordingly. The landlords likely won't get everything right away, but God willing a deal can be reached so that they are taken care of to keep them afloat.

It's better than half the population of every major American being suddenly f*cking...homeless.

In the meantime they cut us checks to help as much as possible. We will HAVE to dig ourselves out. But I believe we can. We've done it before.

Lots of my friends are nervous about paying rent. Which I 100% understand. But the courts are shut down. So no one can get evicted anyway.

We need to hit the reset button if/when, HOPEFULLY, after May, sh*t cools down here like in Wuhan and other places.

We just gotta all keep apart for a bit. Stay home. It'll be ok. We can still kick this thing's ass.

Foreclosures and evictions were ordered to be postponed.

Indeed. I referenced that in my post above.

"It’s like in the great stories, Mr. Frodo...Full of darkness & danger...sometimes you didn’t want to know the end...But it’s only a passing thing, this shadow...Folk had lots of chances of turning back, only they kept going...they were holding on to something…That there’s some good in the world, Mr. Frodo, and it’s worth fighting for.”
-Samwise
Quote this message in a reply
LOP Secret Agent
Registered User
User ID: 433612
03-24-2020 11:28 PM

Posts: 3,986




Post: #36
RE: Economic point of no return is March 30, back to work or damage irreversible
Sing-IllSway  Wrote: (03-24-2020 11:11 PM)
LOP Secret Agent  Wrote: (03-24-2020 10:15 PM)
I guess this is what Communism is like, or what living in third world country is like, with no economy, people getting money for nothing all the time. Jhikpghf

I don't understand, you're against federal aid?

You understand, without it, people will not be able to eat or afford medicine or pay rent?

For the sake of ideology, that's acceptable to you?

It's just that I saw a funny meme that the coronavirus was turning Republicans into Democrats. chuckle

SOURCE: https://imgflip.com/i/3trwoz
(This post was last modified: 03-24-2020 11:30 PM by LOP Secret Agent.) Quote this message in a reply
LoP Guest
lop guest
User ID: 539760
03-24-2020 11:35 PM

 




Post: #37
RE: Economic point of no return is March 30, back to work or damage irreversible
Lowes is "donating" $25 million to the healthcare industry.
even more millions going into the industry than the stimulus will give them.

Doesn't sound like the industries will be affected at all!
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LoP Guest
lop guest
User ID: 527365
03-25-2020 12:44 AM

 




Post: #38
RE: Economic point of no return is March 30, back to work or damage irreversible
LoP Guest  Wrote: (03-24-2020 10:48 PM)
Sing-IllSway  Wrote: (03-24-2020 10:34 PM)
I hate to sound like an optimist, because I don't want to jinx every goddamn thing, but as soon as we're all let back out into the world (I'm trying to gauge things exclusively according to the states of the hospitals, and according to how things went down in Wuhan, which was the worst case scenario but emerged after a few months), I know people will be dying to get back to work.

My idea, and I'm not an economist, but:

As far as rent and mortgage payments, I say the feds should declare that April and May never happened. No one pays.

And then the feds subsidize the landlords accordingly. The landlords likely won't get everything right away, but God willing a deal can be reached so that they are taken care of to keep them afloat.

It's better than half the population of every major American being suddenly f*cking...homeless.

In the meantime they cut us checks to help as much as possible. We will HAVE to dig ourselves out. But I believe we can. We've done it before.

Lots of my friends are nervous about paying rent. Which I 100% understand. But the courts are shut down. So no one can get evicted anyway.

We need to hit the reset button if/when, HOPEFULLY, after May, sh*t cools down here like in Wuhan and other places.

We just gotta all keep apart for a bit. Stay home. It'll be ok. We can still kick this thing's ass.

Foreclosures and evictions were ordered to be postponed.

but...THEN WHAT
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LoP Guest
lop guest
User ID: 539724
03-25-2020 12:49 AM

 




Post: #39
RE: Economic point of no return is March 30, back to work or damage irreversible
Krampus  Wrote: (03-24-2020 09:57 PM)
And next Fall here what will happen!


link to image: https://i.imgur.com/hFac0Rf.jpg

I notice the b12 in that image, which of course reminded me of fragile cobalt supply. Then I remembered, there's a lot of unnecessary/excessive usage of b12 by people. So, as a hint, they should start repurposing the cobalt in the b12 for batteries now.
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LoP Guest
lop guest
User ID: 539724
03-25-2020 12:51 AM

 




Post: #40
RE: Economic point of no return is March 30, back to work or damage irreversible
LOP Secret Agent  Wrote: (03-24-2020 10:15 PM)
I guess this is what Communism is like, or what living in third world country is like, with no economy, people getting money for nothing all the time. Jhikpghf

You clearly have no idea. I mean, you REALLY should come spend some time in africa and see how much you get for nothing.

Quite a lot actually. With $100, you can buy about 500-1000l of beer, though you have to make it yourself.
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LoP Guest
lop guest
User ID: 531911
03-25-2020 12:57 AM

 




Post: #41
RE: Economic point of no return is March 30, back to work or damage irreversible
Sing-IllSway  Wrote: (03-24-2020 11:11 PM)
LOP Secret Agent  Wrote: (03-24-2020 10:15 PM)
I guess this is what Communism is like, or what living in third world country is like, with no economy, people getting money for nothing all the time. Jhikpghf

I don't understand, you're against federal aid?

You understand, without it, people will not be able to eat or afford medicine or pay rent?

For the sake of ideology, that's acceptable to you?

People cant afford none of that anyway.
Quote this message in a reply
NormalIsSubjective

User ID: 538750
03-25-2020 01:18 AM

Posts: 11,540




Post: #42
RE: Economic point of no return is March 30, back to work or damage irreversible
Strategos  Wrote: (03-24-2020 08:58 PM)
Complete meltdown of civil society, much like Iraq/Venezuela.

Only this time, we don't have an America to send us aid.

We have nobody.

And nowhere to escape to.

https://spectator.org/back-to-work-by-ma...mperative/

Quote:An opinion piece by John P. A. Ioannidis, professor of medicine, epidemiology, and population health at Stanford University, is headlined, “A fiasco in the making? As the coronavirus pandemic takes hold, we are making decisions without reliable data.”


This season the flu has killed 22,000 Americans versus 388 dead from COVID-19. This the hard data available. There has been no national discussion about the flu but complete panic on the coronavirus.

The restaurant industry, which is the largest employer in America, is closed in most states. Now we will begin to witness the industries that support restaurants and hotels begin to shutter.

Marriott Corporate in Bethesda, Maryland, has furloughed 66 percent of its employees and cut the pay of the remaining employees by 20 percent. Such actions by major employers will have a devastating impact on the U.S. economy.

The Big Three automakers and their suppliers are closed, which means hundreds of thousands of workers are laid off and at home. This will quickly lead to more layoffs and many small business failures. There is no amount of government money that can make up for an economy closed and workers staying home.

We all know that food and supplies are critical to families. Most individuals assume these products and services will be available. But as we have witnessed, when demand exceeds supply and businesses are shuttered, supply runs out.

Supply of goods and services is quickly becoming a more important national issue than the COVID-19 panic. The virus will not adversely impact most Americans, but they will sustain substantial financial losses and at some point supplies will run out.


Schools can shut down, and sick people should stay home, along with older or at-risk individuals, until the panic subsides, but the healthy must be allowed to work.


WTF are you on about?

Your comparisons are idiotic.


America didn't "aid" Iraq and Venezuela.

It subverted, sanctioned and invaded them.


You've gotten off light, so far.
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NormalIsSubjective

User ID: 538750
03-25-2020 01:23 AM

Posts: 11,540




Post: #43
RE: Economic point of no return is March 30, back to work or damage irreversible
LoP Guest  Wrote: (03-24-2020 09:21 PM)
Way to late the damage is done. Real life does not follow man made timelines.
They hoping to lessen the impact by getting everyone to go back to work, before the elections.
Mismanaged and second guessed wont bring home the bacon anytime soon.
So who you going to vote for chuckle
Trump is a jinx he is bankrupting the USA economy just like everything else he managed.


Well, he's gone through a few bankruptcies himself and come out smelling like a perfumed dandy, so he's probably got his ass well-covered.


Of course, America's ass might be left hanging in the wind, though.
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LoP Guest
lop guest
User ID: 527365
03-25-2020 02:29 AM

 




Post: #44
RE: Economic point of no return is March 30, back to work or damage irreversible
piequal3because14  Wrote: (03-24-2020 09:11 PM)
The economical tsunami didn't arrived yet.

Anyway,

RIP economy.


Fsaqqhab

begs the question of those already living paycheck to paycheck in america and there are many,what will they do

also begs the question what will those on fixed incomes do
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LoP Guest
lop guest
User ID: 495266
03-25-2020 02:32 AM

 




Post: #45
RE: Economic point of no return is March 30, back to work or damage irreversible
Sing-IllSway  Wrote: (03-24-2020 10:54 PM)
IToldYouSo  Wrote: (03-24-2020 09:58 PM)
Tell Bloomberg to give every American a million bucks.
We'll be fine

No bullshit, I've had this exact same thought.

Every American billionaire, Bezos, Zuckerberg, Speilberg, Soros, Musk, that Kardashian idiot, all of them give at least half their net worth straight into the economy to help everyone get back on their feet.

I am fine with America's right to exist, and American's rights to eat and have homes and jobs and medicine, eclipsing anyone's "right" to be obscenely wealthy.

They would each be left with $500,000,000, easy. More than they or their descendants could ever spend. They would still have more than they could ever, ever need. In my opinion they would be getting off easy.

It won't fix everything, but an injection like that into the economy would absolutely help.

People may be imminently suffering horribly. That's all that matters to me. If it means the feds have to seize resources from the billionaires, fine. I would support that 100%.

Right now it may be us or them. I don't give a damn about them.

They went from 800,000,000,000 to now 2,000,000,000,000
Alot of zeros
But i guess we are talking about alot of zeros
They pump and dump the stock market
Where did that money go
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