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I'm glad you're doing okay. I was going to offer to send pm's back and forth if you needed someone to talk to. There are a lot of people isolated alone and if you're an extrovert, that can be difficult.
Sorry, too much hate PM's being thrown my way so I had to turn it off.
People must stop speculating and just look at what we actually know about the economy as we deal with COVID-19:
- Balance sheets are healthy.
- The challenges that businesses see are cashflow. That's not a hard problem to solve.
- The Fed has already backstopped tightening of not just treasuries, but all government bonds.
- Depression is extremely unlikely. So unlikely that it's not even considered as a risk by economists.
- Recession is most likely and wouldn't be as impactful as a depression.
- Looking at the economics, in a depression scenario, access to food would be isolated and would not impact 1% of the population across the board. Those isolated areas have existing issues today and they are known. To alleviate any food shortage concern, we (and others that are well off) should make sure distribution of food to people without it is improved.
- We've been at worse risk, economically, and came back profoundly strong. We'll do it again.
- It's too early to fully understand the impact of the virus, but the Trump Administration, Congress, Doctors, and Scientists agree that there's a reason to have concern and act appropriately. It's already stressing out infrastructure in certain areas.
Times like these it's important to be rational. Pushing unnecessary over-dramatizing of fear of economic collapse is unwarranted and unfruitful.
You seem like a pretty sharp individual, IDo, sincerely. I just want to know one thing: where are the Federal and State governments going to get their revenue for the rest of the year if everything has to stay shut down in a worst case scenario?
You seem like a pretty sharp individual, IDo, sincerely. I just want to know one thing: where are the Federal and State governments going to get their revenue for the rest of the year if everything has to stay shut down in a worst case scenario?
They will have to print it. Monetize it.
That’s why Trump is trying to open things up again quickly.
The best scenario to come out of this pandemic will be if Trump and the Rs commit to bringing back our medical supply and pharmaceutical manufacturing industries out of China and India. Jobs and revenue will increase greatly.
This is a wake up call to our dire need on many levels for more independence.
Sorry, too much hate PM's being thrown my way so I had to turn it off.
Oh come on, that's part of the fun. I'm serious, if you get too down and need someone to talk to. Just pm me. (Don't tell anyone you turned it back on ) That goes for anyone else who is reading this and wants to reach out. This is a very difficult time for all of us. Beating each other up over politics is one thing. Not being kind to one another in a time of need is quite another. I can do both.
An economy based on service can not last. We can"t survive selling each other hamburgers. We have to produce products.
Once upon a time people manufactured goods. Now Corporations sell off companies for profit. Parasites.
There is no America
Our Neighbors have closed their borders to us
Schools are closed
business is closed
Toddlers are dead in cages More people are dead here than in third world countries
The world is better off without us
It will certainly change the way we go about our lives for sure, online school, work from home, curbside pickups, wearing masks out in public, and other isolative measures may become the norm. I think the online venues have great potential in reducing our nations energy consumption for travel to/from work and schools. Another great depression though? I don't think so. I actually expect a surge in additional domestic manufacturing of essentials now that we've learned our "globalism lesson". We consume approx. half a TRILLION $$$ in goods annually from China, and if we return a good chunk of that to the USA we'll be moving upward and onward.
it's going to be a lot harder to do than you think.
you're talking about moving production to a more expensive country, with more expensive labor, with more regulations, in more difficult times where people have less money to buy these goods.
in a downturn, there will be less risks being taken to start up these businesses, and banks that will be less willing to hand out loans, and investors to fund it.
if anything, businesses will move production out of china, which has become more expensive as their wages have risen, to SE asia, india or africa.
That is a giant crop out. You try to deflect with a hyperbole but it only makes your post come off as ignorant.
You really think the top earners in this country consist of only three people???
.
There is no hyperbole in what I said. They're actual facts.
Quote:
Originally Posted by InformedConsent
No. Blacks and Hispanics, the two demographic groups with the highest obesity rates AND who both overwhelmingly vote Dem, tip Dem voters into the highest obesity group of the two main political parties. Dem voters, on average, are also the most poor:
"An individual’s likelihood of being a Democrat decreases with every additional dollar he or she earns. Democrats have a huge advantage (63 percent) with voters earning less than $15,000 per year. This advantage carries forward for individuals earning up to $50,000 per year, and then turns in the Republicans’ favor — with just 36 percent of individuals earning more than $200,000 per year supporting Democrats.
Interestingly, the median household income in the United States is $49,777 — right near the point where the Democratic advantage disappears and the Republicans take over."
This is easily confirmed by looking at the difference between how many Republicans vs. how many Democrats have ever received Food Stamps:
One year from now it will be " remember that crazy coronavirus scare? Life will be back as it always was. Well, China will be taken to the cleaners and US business interests will be staging a mass exodus from there.
Status:
"We need America back!"
(set 10 hours ago)
Location: Suburban Dallas
52,687 posts, read 47,946,017 times
Reputation: 33840
America is not finished as a nation. I cannot believe that there are folks coming on here with the balls to say that we have no hope. We're going to recover from this, and like all other pandemics we've had here, this, too, shall pass. We've gotten through the swine flu. We've gotten through Ebola. We'll get through this, as well.
The American people, along with the President, are just facing some challenges in getting the country reopened in a safe fashion. And it will reopen. The biggest obstacles we're facing are coming from the left wing and the media, and they have complicated things. But we're better than this, and we will recover.
Please, y'all, just think positive.
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I'm serious, if you get too down and need someone to talk to. Just pm me. (Don't tell anyone you turned it back on 
) That goes for anyone else who is reading this and wants to reach out. This is a very difficult time for all of us. Beating each other up over politics is one thing. Not being kind to one another in a time of need is quite another. I can do both.
