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Old 06-05-2020, 09:27 PM
 
Location: Northern Wisconsin
9,927 posts, read 8,599,837 times
Reputation: 17562

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Two big factors are now holding back the economy. Dem states that want to keep the lockdown going to hurt Trump and lockdown of major sports, college and pro. Once those allow things go back to normal, things will quickly return to "normal". Yes there are a lot of people who are still afraid, but again, once the logjam breaks, the fraidycats will be a minor issue.
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Old 06-07-2020, 10:08 AM
 
Location: Oregon, formerly Texas
6,383 posts, read 4,326,658 times
Reputation: 11068
It will never be like 2019 again. Lots of businesses will never come back. Many surviving companies are figuring out how they can do more with less or more with almost no workers. A lot of them will never hire back labor forces the size they had in 2019.

My employer has laid off 18% and instituted a hiring freeze that may last 2-3 years. Those of us remaining are being told to pick up the slack and be happy we still have jobs. With work-from-home there is no separation from work anymore. We are simultaneously never at work but always working. Some weeks I have been 14-17 hours a day on the computer.

There will be a jobless recovery in which the markets go higher and higher for fewer and fewer beneficiaries. Eventually the Millennials and Gen Z will take power, elect a Bernie Sanders type, and the markets will crash like we've never seen them crash before.
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Old 06-07-2020, 10:55 AM
 
Location: SoCal
18,123 posts, read 8,590,281 times
Reputation: 14899
Quote:
Originally Posted by Coloradomom22 View Post
I agree. It's hard to buy into the "stay home until we get a vaccine" when thousands of maskless rioters and looters are standing shoulder to shoulder and governors look the other way.
That’s mantra is gone. The governors did nothing.
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Old 06-07-2020, 10:56 AM
 
Location: SoCal
18,123 posts, read 8,590,281 times
Reputation: 14899
Quote:
Originally Posted by augiedogie View Post
Two big factors are now holding back the economy. Dem states that want to keep the lockdown going to hurt Trump and lockdown of major sports, college and pro. Once those allow things go back to normal, things will quickly return to "normal". Yes there are a lot of people who are still afraid, but again, once the logjam breaks, the fraidycats will be a minor issue.
I’m travelling again soon, within driving distance to us, I’ve just booked the hotel last night.
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Old 06-07-2020, 10:58 AM
 
Location: SoCal
18,123 posts, read 8,590,281 times
Reputation: 14899
Quote:
Originally Posted by redguard57 View Post
It will never be like 2019 again. Lots of businesses will never come back. Many surviving companies are figuring out how they can do more with less or more with almost no workers. A lot of them will never hire back labor forces the size they had in 2019.

My employer has laid off 18% and instituted a hiring freeze that may last 2-3 years. Those of us remaining are being told to pick up the slack and be happy we still have jobs. With work-from-home there is no separation from work anymore. We are simultaneously never at work but always working. Some weeks I have been 14-17 hours a day on the computer.

There will be a jobless recovery in which the markets go higher and higher for fewer and fewer beneficiaries. Eventually the Millennials and Gen Z will take power, elect a Bernie Sanders type, and the markets will crash like we've never seen them crash before.
I disagree with you, my daughter is a small business owner, she has not fired anybody, business is picking up for her. Nobody in my immediate families were laid off, even though their companies have been laying off people.
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Old 06-07-2020, 12:32 PM
 
80,164 posts, read 78,518,791 times
Reputation: 56679
Right now for us ,economically nothing has changed either ..of course we lost family and friends to this and we miss the kids and grandkids , but financially us and all family members are unchanged
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Old 06-07-2020, 02:09 PM
 
Location: Western MA
2,013 posts, read 1,332,808 times
Reputation: 5622
Quote:
Originally Posted by augiedogie View Post
Two big factors are now holding back the economy. Dem states that want to keep the lockdown going to hurt Trump and lockdown of major sports, college and pro. Once those allow things go back to normal, things will quickly return to "normal". Yes there are a lot of people who are still afraid, but again, once the logjam breaks, the fraidycats will be a minor issue.
That has to be one of the dumbest things I've heard yet. What evidence do you have that "dem states" are prolonging lockdown for political reasons? Local communities are in tatters. EVERYONE wants things to go back to normal. Everyone. I don't care what your political affiliation is.
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Old 06-07-2020, 02:13 PM
 
Location: Was Midvalley Oregon; Now Eastside Seattle area
6,282 posts, read 2,794,889 times
Reputation: 4635
OP
uh, Like, never
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Old 06-07-2020, 03:31 PM
 
5,706 posts, read 7,808,434 times
Reputation: 5707
I think there could be some effects that are long lasting or permanent, but that in a lot of big ways things will seem to operating fairly normally sometime in 2021, but we'll see.
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Old 06-07-2020, 03:52 PM
 
Location: Tennessee
28,783 posts, read 49,177,385 times
Reputation: 20632
I have a doctor in my family that has told me we need a vaccine before this virus will go away. Might be two years for a vaccine. I hope they find one soon.
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