2nd Great Depression: One week away from getting to the highest unemployment rate ever in America

[mykey]

The fed has already said they are going to print money in unlimited amounts as needed. Unlimited QE. Nobody will run out of money. Inflation would be the potential issue.

The 2008 financial crisis showed us that this QE process, in which money is created out of thin air without any connection to economic activity, is totally unsustainable.

Once international creditors lose faith in the US$ it's a wrap. Hyperinflation will follow.

 

[Dafunkdoc_Unlimited]

look i know this shyt is serious but i have never enjoyed driving more

no traffic and parking is literally always there

Parkway and Turnpike traffic normally takes 45 min. to an hour to get home on a good day.​

Now? 15-20 minutes @ 70 mph.​

 

[Voice of Reason]

Ffs, the economy was not going to just roll along if we didnt shut shyt down. People would be dropping dead at home, in jobs, and filling up hospitals and then all the little good soldiers would whine about why the government wasnt doing anything. Suddenly folks arent moving cause they dont know who has it and instead of mandatory lockdowns, we got voluntary lockdowns when todays keke is tomorrows “Did you hear that Erics mother and father died last week?”

exactly! Plus we were headed for a recession anyway before all of this happened

 

[Voice of Reason]

The 2008 financial crisis showed us that this QE process, in which money is created out of thin air without any connection to economic activity, is totally unsustainable.

Once international creditors lose faith in the US$ it's a wrap. Hyperinflation will follow.

Qe saved the global economy. Have you studied money and banking or do u repeat what you hear in fox?

 

[Warren Moon]

The 2008 financial crisis showed us that this QE process, in which money is created out of thin air without any connection to economic activity, is totally unsustainable.

Once international creditors lose faith in the US$ it's a wrap. Hyperinflation will follow.

the world economy is based on the dollar reserve. If other countries start to move away from that we’re done. But they’d go bankrupt to.

And I fully believe the US would go to war, before allowing that to happen

 

[The M.I.C.]

The fed has already said they are going to print money in unlimited amounts as needed. Unlimited QE. Nobody will run out of money. Inflation would be the potential issue.

Potential?

One of the bigger issues is corporate debt which is why they opened up a facility for 200 billion to allow their balance sheet to absorb some of that debt. There's quite a few companies that are zombified, meaning that they pay more on operating costs and interest payments than what they earn..the only reason why they exist is because of cheap credit but the Fed has trapped itself by becoming the lender of last resort. You can't swallow up all this debt without their being protestations from those who have debt denominated in USD, at that point it will become a showdown between who's the first to sell to get the most back.

Not too many people are aware of what's happening but once the Fed loses control trying to bail out the world, the shock will be immediate and catastrophic.

 

[Json]

The 2008 financial crisis showed us that this QE process, in which money is created out of thin air without any connection to economic activity, is totally unsustainable.

Once international creditors lose faith in the US$ it's a wrap. Hyperinflation will follow.

If we were the only ones doing it maybe.

Every country is proverbially peeing in the pool to help their country. Who exactly is going to call us out?

 

[Json]

Potential?

One of the bigger issues is corporate debt which is why they opened up a facility for 200 billion to allow their balance sheet to absorb some of that debt. There's quite a few companies that are zombified, meaning that they pay more on operating costs and interest payments than what they earn..the only reason why they exist is because of cheap credit but the Fed has trapped itself by becoming the lender of last resort. You can't swallow up all this debt without their being protestations from those who have debt denominated in USD, at that point it will become a showdown between who's the first to sell to get the most back.

Not too many people are aware of what's happening but once the Fed loses control trying to bail out the world, the shock will be immediate and catastrophic.

This is the actual fear I have. By not letting some companies fail we are creating companies that won’t be able to logistically survive in a world of social distancing.

 

[the bossman]

For weeks people have been on social media and messageboards complaining that people aren't following the social distancing guidelines because they don't take this virus seriously enough, but you're telling me that when people are able to go outside without some Reddit Recluse calling the police on them they will be too afraid to do so? This doesn't make sense.

If people aren't afraid to queue in a Wal-Mart then they will not be afraid of patronizing businesses that are (supposed to be) applying strict social distancing. Social distancing is counter intuitive to a number of soon to be reopened businesses and that will hurt those businesses and surrounding economies.

You're confusing a few idiots at the beach or at the protests for the greater overall economy.

Who has the most spending power in the US? It's not broke millenials you see at the beach on TV. The over 50 crowd represents almost half the spending in the economy. When they hear on the news how deadly the virus is for their age group and how much more vulnerable they are you really think they'll go right back outside when there's no vaccine or any other effective treatments yet?

Airline demand way down. Travel industry will be hurting for a while. Cruise industry always eats real good off the over 55. You think all those elderly people are going to be rushing to hop back on a cruise once they end the quarantine? After the stories of outbreaks and being stuck on the ship for a month?

That's not going to happen for a majority of them. there's an element of fear that is not going to just disappear just because 45 said #LiberateAmerica we're all good now. It's going to be a while before folks feel comfortable being out and about spending their money like that. If you're younger it's easier to shrug your shoulders and keep it pushing like nothing ever happened. Not so for the older demographic.

Broke college kids at the beach for spring break is not what keeps the economy going.

 

[Zero]

I just got home from work.​

No traffic.........​

Did some early morning errand running...shyt was damn near a ghost town

 

[Unemployed GM]

The Coli was saying how the Corona Virus is more important than the economy and how companies are just greedy

The Coli is right unfortunately. The Virus is no joke.

 

[JLova]

You're confusing a few idiots at the beach or at the protests for the greater overall economy.

Who has the most spending power in the US? It's not broke millenials you see at the beach on TV. The over 50 crowd represents almost half the spending in the economy. When they hear on the news how deadly the virus is for their age group and how much more vulnerable they are you really think they'll go right back outside when there's no vaccine or any other effective treatments yet?

Airline demand way down. Travel industry will be hurting for a while. Cruise industry always eats real good off the over 55. You think all those elderly people are going to be rushing to hop back on a cruise once they end the quarantine? After the stories of outbreaks and being stuck on the ship for a month?

That's not going to happen for a majority of them. there's an element of fear that is not going to just disappear just because 45 said #LiberateAmerica we're all good now. It's going to be a while before folks feel comfortable being out and about spending their money like that. If you're younger it's easier to shrug your shoulders and keep it pushing like nothing ever happened. Not so for the older demographic.

Broke college kids at the beach for spring break is not what keeps the economy going.

Eh, I talk to people in that age group and they're ready to get out there with protections. I got fam still going to their jobs at the bank with a mask and gloves.

Those 55-60 year olds are willing to work cuz they got real bills. They also have pensions and other invetments they don't want to see evaporate right before retirement.

Travel industry is fukked. The problem is the medical community just doesn't have any answers. There is nothing definite. They tell you one thing today and another thing tomorrow. All they can tell you is to social distance. That is all stalling tactics. Bu at some point we gotta make a move and there is no move right now. People would be willing to go back to work, travel, etc if the medical community could provide other safe directives other than quarantining. That shyt isn't practical for a long period of time so we are all in a holding pattern.

Hence why prevention was so important but too many idiots in positions of leadership putting politics over actual common sense.

 

[Art Barr]

Imagine being so incompetent that now the populace has to choose between The Great Depression and Socialism or The Great Depression and 1918 Spanish Flu.

Malcolm Mad

• Secure Da Bag
• Nov 25, 2019

this just shows.
this country is run by morons.
who never fix shyt just committ procurement fraud.
then go live in their sheltered bubble.
this country is a phoney ass lie.

art barr

 

[mamba]

War might be the only way out of this.

Crank up our manufacturing.

 

[Rarely-Wrong Liggins]

You're confusing a few idiots at the beach or at the protests for the greater overall economy.

Who has the most spending power in the US? It's not broke millenials you see at the beach on TV. The over 50 crowd represents almost half the spending in the economy. When they hear on the news how deadly the virus is for their age group and how much more vulnerable they are you really think they'll go right back outside when there's no vaccine or any other effective treatments yet?

Airline demand way down. Travel industry will be hurting for a while. Cruise industry always eats real good off the over 55. You think all those elderly people are going to be rushing to hop back on a cruise once they end the quarantine? After the stories of outbreaks and being stuck on the ship for a month?

That's not going to happen for a majority of them. there's an element of fear that is not going to just disappear just because 45 said #LiberateAmerica we're all good now. It's going to be a while before folks feel comfortable being out and about spending their money like that. If you're younger it's easier to shrug your shoulders and keep it pushing like nothing ever happened. Not so for the older demographic.

Broke college kids at the beach for spring break is not what keeps the economy going.

I've been coast to coast during this entire pandemic, the older demographic are out and about now, they aren't cowering in their homes.

Of course the travel industry is fukked but they are irrelevant because they can't practically enforce the sort of social distancing necessary for this first phase of "soft opening." They need to worry about not being liquidated in the interim.

Of all the issues that will plague and slow an economic recovery, old people being scared to leave their house is not going to be near the top of the list.