I never dream that America would fail this hugge in in my lifetime, though my Grandma Crozier, who was brilliant at financial matters, told be sometime around 1975 that I was doomed to live during a Depression.
I had hoped that she was wrong.
Unemployment Rate Could Rival Great Depression’s
- Thread starter floridafan
- Start date
I never dream that America would fail this hugge in in my lifetime, though my Grandma Crozier, who was brilliant at financial matters, told be sometime around 1975 that I was doomed to live during a Depression.
I had hoped that she was wrong.
This bull market since march 23 blows me away. Hate being in the market, hate being out of the market.
Cash is King right now, being in equities at the start of a Depression is dumb.
We will likely get to hyper inflation, but right now Be Cash.
Doubtful. They don't want to get the Virus either. But ... someone must take the Fall.
Who better than the Trumptonians?
cawacko
Well-known member
Agreed about the bull market. People must clearly think the government will not let businesses fail. I don’t understand it otherwise
BartenderElite
Verified User
Someone should tell Trump that no one cares anymore that before this hit, it was the "greatest economy the world has ever seen."
As far as most Americans are concerned, the economy started in March. And it hasn't been good. It's not fair that Trump has to deal w/ that perception, but it IS fair that people judge him on how he has handled this crisis in terms of how it relates to their employment & the economy.
And that part of it has been a disaster so far. His constant downplaying of this in February will get played in endless loops on campaign commercials in the fall - as it should. He can save his campaign by making all the right moves now & getting us back on track in a responsible way, that doesn't create the possibility for setbacks down the line.
I wish I had more confidence he could do that.
As far as most Americans are concerned, the economy started in March. And it hasn't been good. It's not fair that Trump has to deal w/ that perception, but it IS fair that people judge him on how he has handled this crisis in terms of how it relates to their employment & the economy.
And that part of it has been a disaster so far. His constant downplaying of this in February will get played in endless loops on campaign commercials in the fall - as it should. He can save his campaign by making all the right moves now & getting us back on track in a responsible way, that doesn't create the possibility for setbacks down the line.
I wish I had more confidence he could do that.
So where does the buck stop??
That assumes the gubment has a choice...
They are borrowing your great grandchilds money, perhaps many of them are not even born yet......
Many, many small businesses are done, they won't be back & those that will reopen their doors??
If you can only have half the occupancy but have to pay the full leases, wages, elec/gas/blah blah blah??? That is a mountain to climb many are going to be to tired to summit..
As I have been saying for years it is Generational Warfare against the Kids/Grandkids/Unborn....
We really do suck that much, we who generally are sure that we are the bestest Humans to ever walk the planet....
barf
Really? How many people are unemployed? How many are still working. Be specific Jack.
moon
Satire for Sanity
You've really been a fool for that long ?
Yep.. That is hardly ever discussed any more. I recall, I think the 80's or early 90's old ppl had stickers on their car bumpers, RV's etc that said something like [I am spending my grandchildren's inheritance], & w/ a bit of a chuckle.. Like it was funny or a joke.
Well IMHO if ppl don't want to leave them anything, pls don't leave them your debt then..
So which phase is the one where you stick a can of lysol up your ass?
Do you want me to go out and make a head count?
Trump does not strike anyone as being very detail-oriented.
Guno צְבִי
We fight, We win, Am Yisrael Chai
because you dont pay attention. he rattles of figures on trade, individual companies etc.