Wait till the economy fully collapses and people start losing their homes.
It hasn’t hit this country on how catastrophic this will be for the economy.
I know.
“Wait till the economy fully collapses and people start losing their homes.”
Except for those who are subsidized by us.
See post # 34.
Economists say millions filed for jobless claims for the week ending March 28, but many more millions are still expected in the weeks to come.
Many economists expect the claims to be about 4 million to 5 million when data on unemployment benefits is released Thursday at 8:30 a.m. ET.
Friday’s March jobs report would normally be given more weight by the market, but the government conducted its survey for the data in the middle of the month, too soon for the biggest impact from the coronavirus shutdowns.
Still, economists expect April’s monthly report to show the loss of millions of workers, and the total of job losses could be double those in the financial crisis but over a much shorter period.
https://www.cnbc.com/2020/04/01/jobless-claims-will-be-huge-but-millions-more-are-expected.html
This needs to up your own security levels at least two notches.
They can snap anytime and you may be around them when they do.
I have no idea how the banks survive. When housing crashed last time that almost did it. That was 1 sector out of 11 and all 11 have fallen off a cliff. There isn’t enough money in the world. This will be a restructuring of the economic model of the world. Capitalism is in trouble here, and this started in China. Two facts that are not in dispute. The virus may be a bio weapon. That is on open question. Whatever it was, it killed the world economy. Its dead, it just doesn’t know it. The virus will be gone, but the economy will still be dead. As they say “The economy isn’t like a piece of meat you can put in the freezer for 2 months and then take out.” it’s more like a human you can put under water for a minute. Do it for 10 minutes and its game over.
Well, at least we’ll be alive after cowering in place...right? /s