I don't think our country can survive a modern day depression.

[REDEYE]

If we don't get the economy back up and running soon , we could end up in a depression.. Not sure we can ignore the possibility of this happening if we continue down this path..

Catastrophic ramifications that are to scary to think about.. It sure wouldn't justify shutting down the economy like we're presently doing..

Maybe some of our resident financial experts here can weigh in.

 

[MrBetitall]

If we don't get the economy back up and running soon , we could end up in a depression.. Not sure we can ignore the possibility of this happening if we continue down this path..

Catastrophic ramifications that are to scary to think about.. It sure wouldn't justify shutting down the economy like we're presently doing..

Maybe some of our resident financial experts here can weigh in.

Your hero DT wants to open everything up in 2 weeks from Sunday despite the fact that the virus is spreading uncontrollably and the US will lead the world in infections by midnight tonight.

 

[CaptainLee]

They've pushed the inevitable into the future for so long, it will be catastrophic without any doubt.

However, most non-paper assets will still exist. They'll simply change hands is all and at lower prices.

Is .99 per gallon gasoline in Oklahoma really a bad thing overall?

Maybe those stupid fucking resort fees Las Vegas hotels have been stealing from guests finally will disappear. 6/5 BJ also can disappear if they want to become tourist friendly once again. If not I'm hoping their casinos and hotels all go out of business. Of course they're going to get plenty of bailout money, but I don't believe a single casino or hotel should receive any bailout funds. Let them all go broke and somebody else can buy them for pennies.

 

[THawk+]

I have multiple revenue streams including my regular job.

They have been slow the last few weeks and now have no revenue coming in due to closing businesses and stay at home.
If this goes for another 2 weeks or month I am totally screwed.

I take care of my mother financially which has put such a strain on me financially the last few years that my financial stability has been shaky.
I just got things to a point where it is good and I can start putting money away again and now this.
With all the streams working things are ok, with what is going on now for any extended period of time I am screwed!!!

Even when the stay at home order ends and businesses can reopen people will not be spending any money.
Already have lots of friends with their own businesses in the trades and people have cancelled work they had ordered to be done.
Already millions of dollars of work has been cancelled for them moving forward due to people being in a much worse place financially now
This is going to happen across the board in all areas.
I do not know what the answer is but so many people are going to be screwed it is not funny.

I do not know what the solution is but our economy is going to be stagnant for some time with people hurting now

 

[SmallDaddy]

They have to find a cure for the economy to go back to normal.

Who is gonna go into restaurants and bars that that even half full?

I guarantee you the first thing that will pop into your head when you look in is gonna be 'do I wanna catch the corona virus today'

 

[SmallDaddy]

Sporting events, concerts??

Who is gonna go to those?

 

[CoffeeStation]

If the current trend continues we might hit a new high with the dow in a week or 2.

 

[mango]

Can you imagine BLACK EYE being an Economics professor?

Neither can I. Every student would flunk that's for sure. He tried to "teach" me about Vegas and got everything wrong.

 

[X-Files]

If we don't get the economy back up and running soon , we could end up in a depression.. Not sure we can ignore the possibility of this happening if we continue down this path..

Catastrophic ramifications that are to scary to think about.. It sure wouldn't justify shutting down the economy like we're presently doing..

Maybe some of our resident financial experts here can weigh in.

If preventative safety measures such as social distancing are abandoned too soon, it could be worse for the economy in the long run.

""But Trump already seems to be wavering. In recent days, he has signaled that he is prepared to backtrack on social-distancing policies in a bid to protect the economy. Pundits and business leaders have used similar rhetoric, arguing that high-risk people, such as the elderly, could be protected while lower-risk people are allowed to go back to work. Such thinking is seductive, but flawed. It overestimates our ability to assess a person’s risk, and to somehow wall off the ‘high-risk’ people from the rest of society. It underestimates how badly the virus can hit ‘low-risk’ groups, and how thoroughly hospitals will be overwhelmed if even just younger demographics are falling sick.

A recent analysis from the University of Pennsylvania estimated that even if social-distancing measures can reduce infection rates by 95 percent, 960,000 Americans will still need intensive care. There are only about 180,000 ventilators in the U.S. and, more pertinently, only enough respiratory therapists and critical-care staff to safely look after 100,000 ventilated patients. Abandoning social distancing would be foolish. Abandoning it now, when tests and protective equipment are still scarce, would be catastrophic.

https://www.theatlantic.com/health/a...us-end/608719/

 

[Enfuego]

It's always doom and gloom with some of you guys.

The 2009 swine flu infected 1.4 Billion people around the world, and killed 575,000 people.

There was no media panic and societies did not shut down. Coronavirus has infected less than 468,000 people, and killed 22,000 going into April.

 

[Enfuego]

Approximately 150,000 people die every day, worldwide.

That’s 13 million people that have died so far this year.

Coronavirus has killed 22,000 people worldwide so far this year.

 

[Mobdeeper7239]

Approximately 150,000 people die every day, worldwide.

That’s 13 million people that have died so far this year.

Coronavirus has killed 22,000 people worldwide so far this year.

So you compare every cause of death to one cause of death? Lmfao makes no sense. Keep reaching clown boy

 

[Mobdeeper7239]

If preventative safety measures such as social distancing are abandoned too soon, it could be worse for the economy in the long run.

""But Trump already seems to be wavering. In recent days, he has signaled that he is prepared to backtrack on social-distancing policies in a bid to protect the economy. Pundits and business leaders have used similar rhetoric, arguing that high-risk people, such as the elderly, could be protected while lower-risk people are allowed to go back to work. Such thinking is seductive, but flawed. It overestimates our ability to assess a person’s risk, and to somehow wall off the ‘high-risk’ people from the rest of society. It underestimates how badly the virus can hit ‘low-risk’ groups, and how thoroughly hospitals will be overwhelmed if even just younger demographics are falling sick.

A recent analysis from the University of Pennsylvania estimated that even if social-distancing measures can reduce infection rates by 95 percent, 960,000 Americans will still need intensive care. There are only about 180,000 ventilators in the U.S. and, more pertinently, only enough respiratory therapists and critical-care staff to safely look after 100,000 ventilated patients. Abandoning social distancing would be foolish. Abandoning it now, when tests and protective equipment are still scarce, would be catastrophic.

https://www.theatlantic.com/health/a...us-end/608719/

Good job. Keep sharing the facts. They need to understand

 

[Enfuego]

So you compare every cause of death to one cause of death? Lmfao makes no sense. Keep reaching clown boy

Just giving you tards some perspective.

 

[TomGshotput]

It's always doom and gloom with some of you guys.

The 2009 swine flu infected 1.4 Billion people around the world, and killed 575,000 people.

There was no media panic and societies did not shut down. Coronavirus has infected less than 468,000 people, and killed 22,000 going into April.

You're comparing 2009 swine flu estimates with coronavirus positive test results. Huge difference. Confirmed deaths were only 18,000 over eight months: https://en.wikipedia.org/wiki/2009_flu_pandemic

 

[X-Files]

It's always doom and gloom with some of you guys.

The 2009 swine flu infected 1.4 Billion people around the world, and killed 575,000 people.

There was no media panic and societies did not shut down. Coronavirus has infected less than 468,000 people, and killed 22,000 going into April.

Killed 575,000 people? The CDC estimates 151,700-575,400 people worldwide died in 12 months. OTOH, we don't know how many people will die from COVID-19 by the end of April, or the end of 2020, let alone in the next 10 years, or how many would have died without extreme measures (mass social distancing, business shutdowns, etc) being implemented.

So apples & oranges. Better safe than sorry.

There was no media panic and societies did not shut down.

Then maybe there should have been.

 

[mango]

Enfraudo caught lying again.

Shocking..... NOT.

 

[DogDaze]

Approximately 150,000 people die every day, worldwide.

That’s 13 million people that have died so far this year.

Coronavirus has killed 22,000 people worldwide so far this year.

[h=1]Deaths:[/h]

[FONT=&quot]23,028[/FONT]​

 

[REDEYE]

Some here don't think forward. , past their last post.. We can't sink into a depression over this.
Even if the death rate stays between 1- 1.5% , its something that still will be better than sinking into a depression..

Doesn't mean you can have strict safeguards ..

 

[TomGshotput]

Some here don't think forward. , past their last post.. We can't sink into a depression over this.
Even if the death rate stays between 1- 1.5% , its something that still will be better than sinking into a depression..

Doesn't mean you can have strict safeguards ..

The economic response and how severe our recession or depression is will be based far more on previous actions, rather than what we do now or going forward. People who have been focusing on savings are much more likely to face less economic hardships in the coming months. If enough people have been doing that, and if that has been incentivized properly, we can handle any downturn. If too few people have been doing it, or if it hasn't been incentivized properly, we're going to be hit hard no matter what we do.