Possible 32% unemployment and 47 million could be out of work- The Fed

Thethirdpew

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I wish I could tell you that but I was like 13 at the time

But from what I did see tho, pretty much every business that was fairly new or had a recent ipo back around that time, that became a staple buisness today, had some very consistent gains that I do feel will recover now



But I'm pretty sure pharma and precious metals stocks were hitting on the shorts cause they still are now.



Ironically it also seems like most people who shorted btc at those times too all wish they went long lmao.
Why would you short crypto currency? They are way too unpredicatable.
 

QuintessentialMan

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Ppl still going to be sick and in need of testing equipment, Reagents, Conjugates, Negatives, Low positives and High positives etc.....which is exactly what my company manufacturers. As a Booming market leading biotech company I'd like to think we're good. We didn't ramp down production during this time we ramped up and added a 2nd shift which I oversee with employees of my choosing and we've been kicking ass.

Biotech?
Hows your stock price?
Sounds like the kinda company I'd invest in during these times.
Drug manufacturers, bio tech, medical equipment those companies will stay lit
 

ZoeGod

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The crime wave from this would make the crack era from the 80s look like a water gun fight. For comparison South Africa’s unemployment rate is 29% and look at their crime rate :picard:we have more guns and a larger population. :mjcry:

Black unemployment will likely be around 60-70% tho :francis:

In the event of a depression there will still be investment opportunities. Times of crisis like these lead to great innovation and wealth building opportunities. Instead of being fearful we have to take opportunity.
 

ZoeGod

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Fam I’m dead ass, no one is buying anything now.. wait until the first quarter numbers come out and you will see how the auto industry sales in the tank.. at the end of this year dealers going to be scrambling to get rid of that inventory.. Dealers need you more than you need them now..

Would it be the best time to buy a car cash since dealerships will be desperate?
 

BigMoneyGrip

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Would it be the best time to buy a car cash since dealerships will be desperate?
Never buy a car cash from a dealership.. they hate cash buyers and will charge you full price for the car.. What you can do is throw them a bone and use their financing where they can get their kick backs inside the loan however you will get an excellent deal on the vehicle and you can use the cash you have to pay the vehicle loan off the very next month.
 
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