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To: ChicagoConservative27

The only reason I am optomistic this might turn around faster than we think, as I drive around, it seems all the industrial businesses are still going. It seems the biggest impact is to retail, so there is still a large segment of our workforce getting paid.


12 posted on 04/09/2020 8:46:09 AM PDT by Yogafist
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To: Yogafist

‘It seems the biggest impact is to retail, so there is still a large segment of our workforce getting paid.’

residential housing construction, a major indicator of national health, has taken a big hit...


21 posted on 04/09/2020 8:56:38 AM PDT by IrishBrigade
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To: Yogafist
I expect banks and finance to make a killing. Low interest loans backed up by the Fed. Throw in the ability to write off bad loans and or give such loans to .gov. Then the ability to reinvest now at lower stock prices and investments.

There will be a larger divide in America of winners and losers as this continues.

23 posted on 04/09/2020 8:59:07 AM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: Yogafist

The industrial company I work for is going strong. Stock price is down. I bought some more yesterday


30 posted on 04/09/2020 9:34:15 AM PDT by cyclotic (A vote for Democrats is a vote for lower traffic volumes)
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To: Yogafist

There are also people like me who still have income and stable jobs but are spending significantly less to ensure they can survive just in case.

If I hold at my current savings rate and we start reopening in May, I am getting a new large appliance and possibly some furniture, not to mention a haircut and paying for exercise classes once the economy opens again.

We will be right at the cold weather/hot weather wardrobe split so a few pieces of clothing might happen too.

I think there will be enough of a demand for certain items and services to get the wheel started.

If there are some moves like reinvesting in drug production in the U.S. that also occur, we will weather this.

I think there will be some industries affected a year from now and it may kill off some already struggling companies, but many segments will be back to where they were.


34 posted on 04/09/2020 9:42:47 AM PDT by PrincessB
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