Posted on 04/02/2020 2:36:33 AM PDT by DEPcom
If the U.S. economy were to collapse, it would happen quickly. No one would predict it. The surprise factor is, itself, one of the causes of a collapse. The signs of imminent failure are difficult for most people to see.
Agreed,
Why Speculate?
.
Let’s get back to Work!
And Rome will never fall to the Gauls. “Vae Victis!”
That is why this election is the most important we have ever had. There is no way America comes back under the socialized, highly regulated, New York style Cuomo plan. Our only hope is in Trump. Starting in the depths of a recession/depression, Cuomo would have America in Atlas Shrugged turmoil within a year.
“When the sefrs have nothing else to lose, they lose it!”
‘I think the biggest short term impact is the 401K and pension plans’
Agree I personally lost $28,000 on one stock in three days. I’m not hurting yet because I have other income sources. But at age 68 I may not have the 5-10 years necessary to see that stock come back. It took 20 years of reinvestment of dividends for it to grow from $10K to $38K, and three days to lose it all. It even grew during the O’Bama years.
yep
Donald Trump is the greatest debt negotiator on the planet. It was President Trump who realized, back in his casino days, that if you owe a bank more than they can afford to lose you own them.
China beware. I believe after the election he will sit the ChiComs down and give them an offer they can’t refuse. Take a massive haircut on the U.S. Debt you hold or get nothing,nada,nil. And Trump will use the Chinese caused Coronavirus as an excuse.
Once we de facto accept our bankruptcy and wipe out a bunch of China owed debt the way forward will be unlimited. Just like any company coming out of chapter 11 with a good service or product people want.
Once our massive debt is renegotiated our economy will boom!!
Saw an interesting t-shirt yesterday:
Got Gold?
Got Silver?
Makes me wonder how high they’ll get when the system goes under.
The technology of of shutting down commerce and supply chains for 2 months? You must live off the government teat.
—
Yes, oh your argument is so good I will bow down to your superior intelligence. Not!
I wonder if it is my ability to express an idea is bad or your ability to understand what is written.
How many businesses have gone under in the past 20 years because they did not keep up with technology? Sears would be a good example. They were the Amazon of their day. They had the customers, they had the products, they had the warehouses. What they did not have was the vision.
Sears is dead, Amazon is thriving.
There are many businesses that continue down the same path doing things the same way because that is how they always did things. Then something comes along that changes things and they are not prepared for change.
Do you see what I am saying now?
Very few (if any ) organization had a plan on what to do if their supply chain was cut off (companies will have to rethink the whole concept of JUST ON TIME DELIVERY), nor did they have a plan if the workers could not get into the office. This one surprises me since most parts of our nation always seems to have one natural disaster after another. Earthquake or fires in California. Hurricanes in the gulf and the east coast. Tornadoes in the Midwest and snow storms in most every part of the nation.
My basic point is some will learn from this and adjust their business model. Some will not and may fail because of it.
Overall I see the US coming back strong when this is just a bad memory.
Oh, the last time I was on the government payroll I was an infantryman in the jungle of Viet Nam. I made $300 tax free dollars a month which included combat pay and jump pay.
Yes, it will collapse. There is plenty of demand and that should suggest a rebound, BUT, we have dictator governors and mayors who NEED this economy to crash to hurt Trump’s reelection. We have seen they will stop at nothing.
“Historically in the 20th century, this is not as bad as our world wars or great depression. “
On a cautionary note, those were times of limited government. So while I would also bet that we’ll emerge from this it’s not a sure thing. And the process of digging out could take a decade. The USA still has advantages over its global competitors. Even in a collapse situation I think we’d do better.
One more month of this will not crash the economy, even Wall Street can read charts.
bump
It would look like the Obama presidency.
If it does, I’ll be ok. A whole bunch of libs/govt employees will perish immediately. I’ll have a lot more time to hunt and fish.
This not how an economy collapses. Pent up demand will emerge. Even with the stimulus, we will lose some small businesses and some big ones that were on the edge before.
The holes will be filled quickly and we will come roaring back due to the structural changes President Trump has put into place.
“This not how an economy collapses. Pent up demand will emerge. Even with the stimulus, we will lose some small businesses and some big ones that were on the edge before.”
I think you are right on the Pent up demand. Myself I have been saving money for projects around the house. I have been wanting to upgrade my camper to a larger one this year. I was in the process of buying more land down the street from me. All of that is on hold until I see what happens with employment / etc.
I imagine if this virus gets settle down quickly people will spend money. Hopefully they get a good treatment plan in place by Fall.
Well said!
How is that possible? How quickly Americans can get back to work is based on when the lockdowns, caused by the virus, end.
If the lockdown ends in weeks, not months, the economy will rebound.
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