we’re dealing with the virus and the economic crash
The average unemployed for the unemployed is 127 percent more than they were making.
1/5 are getting double what they were making.
40 percent of ALL jobs in the country paying 40,000 or less were lost. These aren’t jobs that are going to require a big amount of training or retraining.
So MANY workers can be back at work by autumn and the virus numbers are very much on the decline.
The market has Really bounced from 18,000 and my BIL, who’s worth about 100 million dollars (cheap as hell) starting buying around 19,000
He doesn’t see the old highs happening any time soon but he does see 23 to 26000 being the range.
China better not underestimate how quickly we can come back.
And neither the virus nor the layoffs are making our navy or air force any weaker at this point. The spread on some ships seems over and we are quire ready at sea.
China has lost all credibility with the people that matter...consumers. Doesn’t matter what WHO sayd or what EU head says.
They will lose a Cold War.
They do underestimate us, quite a bit. The world found out about the United States in WWII. And WWI. And even during the Civil War, our bloodiest war ever.
Americans are tough, gritty and do not bow down to anyone, Obama notwithstanding (his ridiculous bow to the Saudi King).
China has something surprising on the horizon. I just really think so.
Your right. They would lose a cold war and a hot one too. But now they see how easy it was to disrupt our economy and sow division with the virus. Now all they have to do is drop another virus bomb on us and kick back and watch the show. Our biggest threat are the Chicom sympathizers and stooges within our borders. They need to be exposed and ostracized.
China’s economy is built on a smoldering powder keg of over a billion hungry Chinese. The epic spectacle of its self-destruction will be biblical.
“The average unemployed for the unemployed is 127 percent more than they were making.l
My sister is a waitress. She worked through the entire situation doing pick up orders. Her coworkers are not returning because they are making over $800 a WEEK not working. For people in N.Y. or California that may not sound all that great, but that’s a damn good paycheck in lower Alabama.