Red Mosquito

Money printer go brrrrrr

WSJ says covid could cost 5 million American jobs to be lost. That number actually feels low.

https://www.tampabay.com/news/health/20 ... nt-system/

Of the more than 1.5 million people who work in the state’s restaurant and hotel industry, only between 200,000 to 400,000 are still employed

Marriott furloughing 2/3 of its employees and making those not furloughed take a 20% pay cut

96583UP wrote:Marriott furloughing 2/3 of its employees and making those not furloughed take a 20% pay cut

You know who else is in the hotel business and loves that sweet, sweet federal dollar

Bi_3 wrote:

96583UP wrote:Marriott furloughing 2/3 of its employees and making those not furloughed take a 20% pay cut

You know who else is in the hotel business and loves that sweet, sweet federal dollar

hm. hopefully he doesnt just save his own

there need to be restaurants and hotels still standing when the virus abates so there are places to go to generate economic activity

if they all just fucking fail and the virus passes there will still be weak growth because there won't be companies alive to employ people or where people can spend money

and the banks will probably be stingy on lending to new enterprises

this stimulus needs to go directly to small and medium size business to stay afloat so once everyone is released from their lockdown the pent up demand can be released somewhere

it's gonna be so fucked dude

Citi estimating as high as 4 million unemployment claims in one week. Goldman Sachs says 2.25 million. Previous high was 695,000 in 1982.

How the fucking government can order entire sectors of the economy to close but not have a safety net plan ready in lock-step with that order.

Complete catastrophe.

96583UP wrote:
How the fucking government can order entire sectors of the economy to close but not have a safety net plan ready in lock-step with that order..

yeah that state of affairs won't last long. If they don't have something by April 1st...

BurtReynolds wrote:

96583UP wrote:
How the fucking government can order entire sectors of the economy to close but not have a safety net plan ready in lock-step with that order..

yeah that state of affairs won't last long. If they don't have something by April 1st...

one $3,000 check does dick to prevent a Depression

people need jobs

Once the population gets a taste of free yangbucks delivered straight to their bank accounts, it's all over.


And three or four months of that? No one will ever work again

96583UP wrote:it's gonna be so fucked dude

Citi estimating as high as 4 million unemployment claims in one week. Goldman Sachs says 2.25 million. Previous high was 695,000 in 1982.

How the fucking government can order entire sectors of the economy to close but not have a safety net plan ready in lock-step with that order.

Complete catastrophe.

I understand this is rhetorical, but keep in mind this is an entirely new event in history we are living through. No plan is gonna cover this.

Bi_3 wrote:

96583UP wrote:it's gonna be so fucked dude

Citi estimating as high as 4 million unemployment claims in one week. Goldman Sachs says 2.25 million. Previous high was 695,000 in 1982.

How the fucking government can order entire sectors of the economy to close but not have a safety net plan ready in lock-step with that order.

Complete catastrophe.

I understand this is rhetorical, but keep in mind this is an entirely new event in history we are living through. No plan is gonna cover this.

maybe the plan should just be: $500 Billion award to whoever develops a cure within the next 15 days

the word "trillion" is being thrown around an awful lot lately

Im not getting any money

Strat wrote:Im not getting any money

You're too much of a baller

Strat wrote:Im not getting any money

donate what you would have gotten

Strat wrote:Im not getting any money

I don't think I am either.