Economy Panic

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[rb22982]

You are living in fantasy land. Maybe when we have 30 million people unemployed by the end of April + another 20 million with hours cut or pay reduced you’ll get it through your thick head, cause that is where this is going.

[DannyTN]

Well we’re not at 20% yet. Let’s see what happens. I think the economy will bounce back as long as people feel safe going back to work.

[DouglasKC]

The world has nowhere else to turn except here when this is done. Everyone in the world still wants U.S. dollars, so we will print as much as we want and the demand will still be strong. It’s a book entry in our financial system. It’s not a mortgage, it doesn’t ever have to be paid back...the biggest effect will be a little more inflation over time - a veritable cold in the face of metastatic cancer.

Excellent post! No other country can compete with us.

[Wissa]

Well I would't put it that way of course. That's an insulting characterization of what I said and meant.

Of course you wouldn't put it that way. But don't try to deny that you said you anticipate profiting in the long run from seeing competitors driven out of business. Implied is that the longer the shutdown goes on, the less competitors will survive.

The effect on the economy looks to me to be caused more by government action than by a natural event, like a flood or drought or hurricane. I suppose though there are times that a government over-reaction could reach the levels of being a disaster. It's pointless to express your anger to a hurricane. If the government actions cause the damage to be a lot worse, it makes sense to be vocal in expressing your disapproval with those actions of the government.

[Alberta's Child]

After World War II we were the only country in the world with our infrastructure and industrial capacity intact. THAT was the single biggest reason why we recovered so quickly.

[Bobalu]

Down 300,000+ here :-(

Hope it comes back....

Oh well, I can live in a shack and browse FR all day and sleep on a cot I suppose.

[Robert DeLong]

I believe you are the first person I have ever communicated with in that industry. I'm sure many others, within your industry, found themselves out of a job without anything but unemployment to fall back on. Does your situation require you to go into corp HQ, or can you accomplish your work from home? At least at 80% it means that your dipping into savings is greatly reduced, if needed at all. I doubt we will see this carried any later than end of April. This is really all about buying time to ramp up supplies in the event a tsunami of cases develops suddenly, to mitigate impacts to healthcare structures. If it goes on beyond the end of April then we will most likely have other deadly issues to contend with in this country. For then we start entering the SHTF scenarios.

Hopefully you are prepared for that kind of scenario. If not stock up on canned foods, and other items that may be needed to assist in survival, if you can.

Stay safe my FRiend.

[Bobalu]

[rb22982]

1) Yes, nothing commands confidence in investing than knowing the government can shut you down and bankrupt you and then let the BK courts sell your assets to the highest bidder on the other side
2) I guarantee you it will take that long. I have a lot of evidence that it will and even more assumptions to back the evidence.

You seriously have no clue. The media/dems WANT this shutdown - they know what is very likely to happen - this will drastically reduce Trump's chance of re-election

[mdmathis6]

Hollywood gets the shaft as well.....big blockblusters planned for the summer will go bust...watch for Hollywood types to start clamoring for the nation to get back to normal so people will again spend money to watch movies where they tear down America.

[rb22982]

So you are saying you believe in MMT garbage then? You can’t print wealth or jobs.

[DouglasKC]

Of course you wouldn't put it that way. But don't try to deny that you said you anticipate profiting in the long run from seeing competitors driven out of business. Implied is that the longer the shutdown goes on, the less competitors will survive.

What would your reaction be? Shutdown the entire company out of sympathy for our competitors? Don't make plans to come out stronger? Don't forecast the impact on the market? That's all that's happening despite you wanting to make it an evil thing.

[Kalija]

Nor do the PC police keep Chris Brown’s “Heat” from the number one spot

[DouglasKC]

Hollywood gets the shaft as well.....big blockblusters planned for the summer will go bust...watch for Hollywood types to start clamoring for the nation to get back to normal so people will again spend money to watch movies where they tear down America.

OH I didn't even think of that...great point.

[rb22982]

LOL the billionaires and money managers LOVES this kind of event! They can buy companies on the cheap after bankruptcy or right before hand.

[gogeo]

Yet stocks are once again on the rise. Investors are happy with what the President is doing to combat the virus AND for his vision of the economy.

This, from a "We're all gonna die!" flubot?

Everybody has an opinion, and everyone's an expert. Like many other recently minted 'experts,' you don't seem to understand the difference between Wall Street and Main Street.

Main Street businesses aren't listed on the NYSE.

[grey_whiskers]

[Wissa]

Yes, it is going to be a bloodbath. I believe they will try to print their way out of it.

I'm guessing the plan is for the government to hire people to pick money off the money trees. I'm pretty sure that's where money comes from.

[DouglasKC]

1) Yes, nothing commands confidence in investing than knowing the government can shut you down and bankrupt you and then let the BK courts sell your assets to the highest bidder on the other side 2) I guarantee you it will take that long. I have a lot of evidence that it will and even more assumptions to back the evidence. You seriously have no clue. The media/dems WANT this shutdown - they know what is very likely to happen - this will drastically reduce Trump's chance of re-election

I think Trump is smarter than that. I think this will all be over two or three months before the election and everyone KNOWS this wasn't trump's fault so even if the economy is horrible Trump can say "I saved the country from this virus. I told you what would happen if we let China push us around. I told you what would happen if we let people come over the borders unrestricted. I tried to stop this but was fought by the democrats tooth and nail every step of the way. This was THEIR virus and their economic ruin brought about by their obstruction and their policies.

It's a real easy point to make because it's all true.

[grey_whiskers]

How many of those companies were only alive because of helicopter money in the first place?

The Congress is to blame for setting up US Tax Law such that it was more tax-advantaged to fund US businesses wtih debt than with stock purchases.