Anler Posted March 31, 2020 Share Posted March 31, 2020 1 minute ago, frenchy said: the ripple effect is going to be huge, and has barely even begun. yep, once the real numbers come in later this year we will see new lows. And thats not me saying that, that is all they talk about on CNBC. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 31, 2020 Platinum Contributing Member Share Posted March 31, 2020 Just now, frenchy said: the ripple effect is going to be huge, and has barely even begun. Really depends on how long this lasts. If we can get back to some normalization in early May we might be ok. Much longer than that.....look out. Is Canada doing anything like the US with the checks to people? Quote Link to comment Share on other sites More sharing options...
motonoggin Posted March 31, 2020 Share Posted March 31, 2020 2 minutes ago, Highmark said: The shutdowns have been pretty specific to some segments of the economy. Sorry you can't see that. Nobody is claiming this isn't painful or going to get more painful. I'm just not one to subscribe that we are on the brink of a worldwide economic collapse. Well you'll change your mind about that soon I'm sure. How can you deny that a severe economic consequence is coming given the irrational reactions of the stock market and all the action the federal reserve has taken recently? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 31, 2020 Platinum Contributing Member Share Posted March 31, 2020 Just now, motonoggin said: Well you'll change your mind about that soon I'm sure. How can you deny that a severe economic consequence is coming given the irrational reactions of the stock market and all the action the federal reserve has taken recently? Just what exactly do you think is going to occur? Quote Link to comment Share on other sites More sharing options...
motonoggin Posted March 31, 2020 Share Posted March 31, 2020 Just now, Highmark said: Really depends on how long this lasts. If we can get back to some normalization in early May we might be ok. Much longer than that.....look out. Is Canada doing anything like the US with the checks to people? We are never going back to the old normal. That's just not possible. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 31, 2020 Platinum Contributing Member Share Posted March 31, 2020 Just now, motonoggin said: We are never going back to the old normal. That's just not possible. Why? Cause the govt is going to spend (make up) $2-$6 trillion it doesn't have? Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 31, 2020 Share Posted March 31, 2020 1 minute ago, Highmark said: Really depends on how long this lasts. If we can get back to some normalization in early May we might be ok. Much longer than that.....look out. Is Canada doing anything like the US with the checks to people? not direct payments but subsidies/top-ups for people who are operating on reduced schedules, enhanced UI benefits, subsidies for businesses effected, tax deferrals, etc. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted March 31, 2020 Share Posted March 31, 2020 Just now, Highmark said: Just what exactly do you think is going to occur? No one can predict what it'll look like, but it will for sure be a lot different than the way it was. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 31, 2020 Platinum Contributing Member Share Posted March 31, 2020 Just now, motonoggin said: No one can predict what it'll look like, but it will for sure be a lot different than the way it was. How? You seem to have the crystal ball. Give us some things you think will happen and how everything will be so different. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted March 31, 2020 Share Posted March 31, 2020 Just now, Highmark said: Why? Cause the govt is going to spend (make up) $2-$6 trillion it doesn't have? That's not the primary reason, but that's a good start. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 31, 2020 Platinum Contributing Member Share Posted March 31, 2020 (edited) Just now, motonoggin said: That's not the primary reason, but that's a good start. Japan has been operating at 2.5x's our debt/gdp levels for a long time and they haven't failed yet. Edited March 31, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
Anler Posted March 31, 2020 Share Posted March 31, 2020 Just now, motonoggin said: We are never going back to the old normal. That's just not possible. Not now it isnt. We are fixing a bubble with a bigger bubble. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted March 31, 2020 Share Posted March 31, 2020 Just now, Highmark said: Japan has been operating at 2.5x's our debt/gdp levels for a long time and they haven't failed yet. Lol, Japan isn't a world superpower whose currency dominates the planet. Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 31, 2020 Share Posted March 31, 2020 3 hours ago, f7ben said: Or take a good look at the ones with the most power and work your way down Start at the pathetic orange piece of filth and go from there LOL, Look at the ones who have been in DC since the 80's. The ones that have been pushing every bailout. That's where you start. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 31, 2020 Platinum Contributing Member Share Posted March 31, 2020 Damn the economic doom and gloomers have replaced the virus doom and gloomers....oh wait....they are exactly the same people. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted March 31, 2020 Share Posted March 31, 2020 2 minutes ago, Highmark said: Damn the economic doom and gloomers have replaced the virus doom and gloomers....oh wait....they are exactly the same people. Where is the good news then? Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 31, 2020 Share Posted March 31, 2020 3 minutes ago, Highmark said: Damn the economic doom and gloomers have replaced the virus doom and gloomers....oh wait....they are exactly the same people. Nailed it. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 31, 2020 Platinum Contributing Member Share Posted March 31, 2020 Just now, Anler said: Where is the good news then? Didn't say there is great news but I'm not buying 200,000-500,000 people in the US dying nor am I buying a world economic collapse. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted March 31, 2020 Share Posted March 31, 2020 17 minutes ago, motonoggin said: Well you'll change your mind about that soon I'm sure. How can you deny that a severe economic consequence is coming given the irrational reactions of the stock market and all the action the federal reserve has taken recently? 16 minutes ago, motonoggin said: We are never going back to the old normal. That's just not possible. 14 minutes ago, motonoggin said: No one can predict what it'll look like, but it will for sure be a lot different than the way it was. Quote Link to comment Share on other sites More sharing options...
Anler Posted March 31, 2020 Share Posted March 31, 2020 Just now, Highmark said: Didn't say there is great news but I'm not buying 200,000-500,000 people in the US dying nor am I buying a world economic collapse. I never thought the death aspect was our greatest threat from this and I agree, there wont be that many deaths. Our death will be financial Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 31, 2020 Platinum Contributing Member Share Posted March 31, 2020 (edited) 1 minute ago, Anler said: I never thought the death aspect was our greatest threat from this and I agree, there wont be that many deaths. Our death will be financial So what do you expect to happen as the outcome of all this? This time of year its not at all unusual for the US to have 10,000 or more people die a month from seasonal influenza. We just went by 3000 today in 1 month. And we vaccinate a majority of the country for the flu. Edited March 31, 2020 by Highmark Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 31, 2020 Platinum Contributing Member Share Posted March 31, 2020 1 minute ago, Highmark said: So what do you expect to happen as the outcome of all this? This time of year its not at all unusual for the US to have 10,000 or more people die a month from seasonal influenza. We just went by 3000 today in 2 months. This thing is just getting ramped up...fingers crossed here but I wouldn’t count any chickens just yet. Quote Link to comment Share on other sites More sharing options...
Anler Posted March 31, 2020 Share Posted March 31, 2020 Just now, Highmark said: So what do you expect to happen as the outcome of all this? In 2008 the market dropped 56% in 517 days. In 2020 the market has dropped 20% in 21 days. That sharp of a drop should tell you that things arent just going to "snap back" . There are lots of concerns but if folks start defaulting on their mortgages and auto loans things will go to hell rather quickly. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted March 31, 2020 Share Posted March 31, 2020 2 minutes ago, Anler said: In 2008 the market dropped 56% in 517 days. In 2020 the market has dropped 20% in 21 days. That sharp of a drop should tell you that things arent just going to "snap back" . There are lots of concerns but if folks start defaulting on their mortgages and auto loans things will go to hell rather quickly. If idiots like that start defaulting that soon, they're living way beyond their means. Anybody with a half a brain should have an emergency fund established for times like these. Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 31, 2020 Share Posted March 31, 2020 5 minutes ago, Anler said: In 2008 the market dropped 56% in 517 days. In 2020 the market has dropped 20% in 21 days. That sharp of a drop should tell you that things arent just going to "snap back" . There are lots of concerns but if folks start defaulting on their mortgages and auto loans things will go to hell rather quickly. it's not just people. Many sectors at risk primarily commercial RE and the energy sector Quote Link to comment Share on other sites More sharing options...
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