f7ben Posted April 9, 2020 Share Posted April 9, 2020 GDP will be -40% and unemployment will hit 20% Will the FED and the US government print 20 trillion or more dollars to save the rich? We are so fucked Quote Link to comment Share on other sites More sharing options...
frenchy Posted April 9, 2020 Share Posted April 9, 2020 2 minutes ago, f7ben said: GDP will be -40% and unemployment will hit 20% Will the FED and the US government print 20 trillion or more dollars to save the rich? We are so fucked Trump's marching orders are quite obviously save the market at ALL cost. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 9, 2020 Author Share Posted April 9, 2020 Just now, frenchy said: Trump's marching orders are quite obviously save the market at ALL cost. We are in the worst recession in US history and the market is literally up YoY Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 9, 2020 Platinum Contributing Member Share Posted April 9, 2020 I don't believe the bleeding will stop till unemployment reaches over 30% Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 9, 2020 Author Share Posted April 9, 2020 1 minute ago, steve from amherst said: I don't believe the bleeding will stop till unemployment reaches over 30% That would nearly be impossible unless the govt shuts down Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted April 9, 2020 Platinum Contributing Member Share Posted April 9, 2020 Just now, f7ben said: That would nearly be impossible unless the govt shuts down They are 1/2 shutdown. My nephews GF is non agent FBI. She hasn't worked in 3 weeks. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 9, 2020 Share Posted April 9, 2020 May. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 9, 2020 Author Share Posted April 9, 2020 5 minutes ago, DriftBusta said: May. Dude there is no way the country is firing back up in May....just look at what is going on in New York. Imagine if we had 6-8 metro areas in that kind of shape. We are gonna be in some state of shutdown until there is a serious medical advancement in treating this and quick home tests are developed and distributed for millions of people Quote Link to comment Share on other sites More sharing options...
1jkw Posted April 9, 2020 Share Posted April 9, 2020 (edited) Racer says all we need is a tax holiday, you guys just want that $1200.00 check. . Edited April 9, 2020 by 1jkw 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 9, 2020 Share Posted April 9, 2020 14 minutes ago, f7ben said: Dude there is no way the country is firing back up in May....just look at what is going on in New York. Imagine if we had 6-8 metro areas in that kind of shape. We are gonna be in some state of shutdown until there is a serious medical advancement in treating this and quick home tests are developed and distributed for millions of people We'll see. Quote Link to comment Share on other sites More sharing options...
frenchy Posted April 9, 2020 Share Posted April 9, 2020 29 minutes ago, f7ben said: We are in the worst recession in US history and the market is literally up YoY if that doesn't say it all.... Quote Link to comment Share on other sites More sharing options...
frenchy Posted April 9, 2020 Share Posted April 9, 2020 25 minutes ago, steve from amherst said: They are 1/2 shutdown. My nephews GF is non agent FBI. She hasn't worked in 3 weeks. still getting paid I bet. Here every provincial or federal worker not working is getting paid 100%. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted April 9, 2020 Share Posted April 9, 2020 May for a big part of the country is not unreasonable no reason everyone is home because of clusters. Quote Link to comment Share on other sites More sharing options...
frenchy Posted April 9, 2020 Share Posted April 9, 2020 18 minutes ago, f7ben said: Dude there is no way the country is firing back up in May....just look at what is going on in New York. Imagine if we had 6-8 metro areas in that kind of shape. We are gonna be in some state of shutdown until there is a serious medical advancement in treating this and quick home tests are developed and distributed for millions of people a treatment (vaccine) is in all reality a year out at least. Drugs just don't come to market that fast. 1 Quote Link to comment Share on other sites More sharing options...
Rod Posted April 9, 2020 Share Posted April 9, 2020 The hysteria is causing way more damage than this cold ever could 1 Quote Link to comment Share on other sites More sharing options...
jtssrx Posted April 9, 2020 Share Posted April 9, 2020 50 minutes ago, f7ben said: GDP will be -40% and unemployment will hit 20% Will the FED and the US government print 20 trillion or more dollars to save the rich? We are so fucked Isn’t that for one quarter? Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 9, 2020 Author Share Posted April 9, 2020 1 minute ago, jtssrx said: Isn’t that for one quarter? 2nd quarter Quote Link to comment Share on other sites More sharing options...
jtssrx Posted April 9, 2020 Share Posted April 9, 2020 1 minute ago, f7ben said: 2nd quarter What are The projections for third and forth? Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 9, 2020 Author Share Posted April 9, 2020 1 minute ago, jtssrx said: What are The projections for third and forth? An increase of 23% and 13% respectively The entire year looks to be close to -10% or more which is really really bad. Earnings will be destroyed, bankruptcy and defaults will be astronomical and the budget deficit will grow to close to 2 trillion dollars. We are so fucked Quote Link to comment Share on other sites More sharing options...
1jkw Posted April 9, 2020 Share Posted April 9, 2020 56 minutes ago, f7ben said: GDP will be -40% and unemployment will hit 20% Will the FED and the US government print 20 trillion or more dollars to save the rich? We are so fucked Heard on the news tonight that with this latest stimulus the dollar amount is already larger than the entire bailout from 2008. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 9, 2020 Author Share Posted April 9, 2020 Just now, 1jkw said: Heard on the news tonight that with this latest stimulus the dollar amount is already larger than the entire bailout from 2008. And in another 5 years when whatever catastrophe disrupts the debt cycle occurs....we will need 50 trillion fake dollars to prop up our failed economy Thanks capitalism Quote Link to comment Share on other sites More sharing options...
1jkw Posted April 9, 2020 Share Posted April 9, 2020 Just now, f7ben said: And in another 5 years when whatever catastrophe disrupts the debt cycle occurs....we will need 50 trillion fake dollars to prop up our failed economy Thanks capitalism Well you wanted that $1200.00, it's all your fault. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 9, 2020 Share Posted April 9, 2020 1 hour ago, f7ben said: GDP will be -40% and unemployment will hit 20% Will the FED and the US government print 20 trillion or more dollars to save the rich? We are so fucked You expect to have a job? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 9, 2020 Share Posted April 9, 2020 27 minutes ago, frenchy said: a treatment (vaccine) is in all reality a year out at least. Drugs just don't come to market that fast. Got to get the patents set right first. Quote Link to comment Share on other sites More sharing options...
frenchy Posted April 9, 2020 Share Posted April 9, 2020 2 minutes ago, ArcticCrusher said: Got to get the patents set right first. yep, and the medical group testing/trial process is incredibly long too. Quote Link to comment Share on other sites More sharing options...
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