Posted on 03/18/2020 12:56:21 PM PDT by Kaslin
“The economy will rebound when this virus runs its course. It’s setting up a bad recession but it’s not going to last beyond the pandemic itself. This won’t be another Great Depression.”
LOL
You really think that?
We are at about 15-20 percent unemployment TODAY. Right now. The auto manufacturers just completely shutdown.
We will have a significant GDP contraction and unemployment will peak around 30% this year if we are lucky.
The only way out is through.
You are right, America is coming to her senses and realizing the cure is worse than the disease.
bkmk
Last I looked at the numbers we met your threshold sometime yesterday.
The number of dead each day is doubling every two days.
It went from a microscopic number in comparison to the USA's population to a minuscule amount.
So you still don’t know what that means?
Statistically it is zero.
EEEEEEEK! A steamroller would improve that punim.
Tbe Great Depression ran for nearly a decade. The recession we are now entering will end along with the pandemic and its social quarantining.
If you think this is going to be another Great Depression you’re panicking needlessly.
This country has about 100,000 ventilators. If we dedicate them entirely to this virus we can save 20,000 seriously ill people. If we do nothing else. Those ventilators weren’t sitting in a warehouse. They were owned by businesses generating income. IOW, we can’t divert every one of those 100,000 to this virus. We will save 20,000 to lose 20,000 to something else. All this will be happening shortly in every hospital in the country. Deaths each day doubling every two days.
Hospital ERs will be over run long before it gets to thousands of death per day. We are at 25 deaths today. Doubling every two days and it will for two weeks because we were doing nothing until Friday. 800 deaths a day in ten days.
Maybe I am just not understanding you. Maybe you know all this but you think we should just bite the bullet. You aren’t denying it’s happening.
Re 50 - Am bookmarking the to see how things stand in three months.
This country has about 100,000 ventilators. If we dedicate them entirely to this virus we can save 20,000 seriously ill people. If we do nothing else. Those ventilators weren’t sitting in a warehouse. They were owned by businesses generating income. IOW, we can’t divert every one of those 100,000 to this virus. We will save 20,000 to lose 20,000 to something else. All this will be happening shortly in every hospital in the country. Deaths each day doubling every two days.
Hospital ERs will be over run long before it gets to thousands of death per day. We are at 25 deaths today. Doubling every two days and it will for two weeks because we were doing nothing until Friday. 800 deaths a day in ten days.
Mr. Sunshine, Who shall I send the multi trillion dollar bill to when the Wu Flu addicts are proven wrong?
Tbe Great Depression ran for nearly a decade. The recession we are now entering will end along with the pandemic and its social quarantining.
If you think this is going to be another Great Depression you’re panicking needlessly.
And if you think consumer confidence will recover once the lock downs are lifted you are dreaming.
A repeat of the 30’s is the real risk here. And it may happen, and I’m not a gloom and doomer.
The economy has come to a very sharp pause instantly. Airlines are doing 70% less flights, everyone I know has quit spending money many have lost jobs. All in 2 weeks!
And now interest rates have taken a turn upwards. Thats just very recent, but they could leave the 10 year low rates we have been in.
I was born in 1935 and lived with many relatives and people who suffered the brunt of the depression.
As a kid the depression didn't bother me much since my outlook on life and needs were very limited.(lots of loving family members around.)
The adults were a different story and never seemed to get over the depression even if they lived for another 50 years afterwards. -Tom
The service and restaurant industry is gone.
The “gig” economy is gone.
The Auto makers gone.
A lot of the retail economy is gone, and the shortages are going to be pretty bad.
We shall see what will happen, but today I have a job, but my neighbor just lost his (owned a small restaurant).
And we haven’t even hit the bad time yet.
We could fill boundless bandwidth with discussion of conspiracy theories about how we got to this point in history. Sad thing is it looks the sheeple will welcome their new socialist overlords from both political parties. Empty bellies breed revolutions that threaten the ruling class and we cannot have that now can we. Hell, Obama might look like a conservative icon when all is said and done. I guess we are all socialists now.
But...but if it doubles every two days, in just a month or two, everyone in the U.S. will be dead! And in another month or so, everyone on earth! And if it continues for just a few years, everything in the universe will die except coronavirus!
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