[Stylo]

Originally Posted by Stepfordct

Why would it be a secret. Unless Wall Street!?

I didn't say secret. If experts are feeling optimistic but don't want people to revert to crowds, they're going to be cautious in the near term.

[BPt111]

My predictions

CT will have over 3,000+ cases with 75-100 deaths then things slow down in second week of April the state economy will slowly re-open businesses will open with reduce staff and some places will be close for good. The first or second week of May the economy is at 90% of state economy is open.

[Stylo]

Originally Posted by BPt111

My predictions

CT will have over 3,000+ cases with 75-100 deaths then things slow down in second week of April the state economy will slowly re-open businesses will open with reduce staff and some places will be close for good. The first or second week of May the economy is at 50%-60%.

50-60% would be devastating. I don’t think it will be nearly that bad.

[BPt111]

Originally Posted by Stylo

50-60% would be devastating. I don’t think it will be nearly that bad.

I thinking up to 95% state economy will open few mom and pop shops will be close for good. Early April is the peak of the storm will slow down after.

[BobNJ1960]

In 7 days, 100k in Ct, with just 1% US population, have filed for unemployment.

Experts expect US filings to be anywhere from 2.5 to 5 million in this one week.

Hospitals btw will be next potentially seeking bailouts, as elective surgeries being put off are profitable, and subsidize their often more benevolent, unprofitable segments.

Cuomo said experts suggest apex in 14 days. We need to function as much as possible right through it. This is unprecedented territory, so assuming business will react like a simple downturn is not realistic. Many are in the same fight to survive as the small % of patients in ICUs are. Lets hope they make it.

[BPt111]

CT unemployment job claims is now over 120,000 just few thousands shy from Great Recession of 127,000 which run from early 2008 till mid 2012 but not as bad as Great Depression in late 1920s till early 1930 numbers was bit higher.

[Stylo]

Originally Posted by BPt111

CT unemployment job claims is now over 120,000 just few thousands shy from Great Recession of 127,000 which run from early 2008 till mid 2012 but not as bad as Great Depression in late 1920s till early 1930 numbers was bit higher.

I am optimistic because these are jobs that can be rapidly rehired when the data shows this threat is not as bad as once feared. Most of them are part-time or hourly workers.

[JayCT]

Originally Posted by BPt111

CT unemployment job claims is now over 120,000 just few thousands shy from Great Recession of 127,000 which run from early 2008 till mid 2012 but not as bad as Great Depression in late 1920s till early 1930 numbers was bit higher.

Once again, the VAST majority of these are temporary due to nonessential business shutdowns as we temporarily hunker down and self isolate for the Coronavirus. Once this passes, most will get their jobs back. We can’t forget that. Jay

[JayCT]

In the midst of this crisis, there is still some very good news for our state. Once again Connecticut ranks No. 1 for personal income in 2019 with an average of $79,087 per worker. That’s an increase of 3.2% which is well above the rate of inflation. What’s even more impressive is that we are more than $4,000 higher than No. 2 Massachusetts with $74,967. Great news. Jay

https://www.hartfordbusiness.com/art...growth-lagging

[BPt111]

Originally Posted by JayCT

In the midst of this crisis, there is still some very good news for our state. Once again Connecticut ranks No. 1 for personal income in 2019 with an average of $79,087 per worker. That’s an increase of 3.2% which is well above the rate of inflation. What’s even more impressive is that we are more than $4,000 higher than No. 2 Massachusetts with $74,967. Great news. Jay

https://www.hartfordbusiness.com/art...growth-lagging

Most wealthy state with some challenging cities