Unemployment thread

[Happy Panther]

On 4/13/2020 at 11:36 AM, Squirrel said:

Only college careers that pay good is Doctors and nurses. 

nah

 

[Tbe]

30 minutes ago, Wes21 said:

That's the choice they want to present you with.  Reality is a little less black and white.  Personally I'm not going to follow the moving goalposts.  We were supposed to stay at home until we flattened the curve, not until 18 months from now when there is a vaccine.

I agree but my org has to abide by local regs. Gathers over 10 must be allowed for us to operate. 

[LinvilleGorge]

5 minutes ago, Tbe said:

I agree but my org has to abide by local regs. Gathers over 10 must be allowed for us to operate. 

I don't foresee those restrictions lasting until August. Those types of restrictions were basically the last step right before stay at home mandates were issued.

[LinvilleGorge]

Don't worry if you're unemployed. Just remember, a lot of people who already have a lot of money are accumulating even more wealth right now since the S&P and Dow are up 25% in the last couple of weeks. That's how we are told to judge the "economy".

[MHS831]

1 minute ago, LinvilleGorge said:

Don't worry if you're unemployed. Just remember, a lot of people who already have a lot of money are accumulating even more wealth right now since the S&P and Dow are up 25% in the last couple of weeks. That's how we are told to judge the "economy".

As long as the top 1% is getting rich and the bottom 45% stays gullible....

[Tbe]

18 hours ago, LinvilleGorge said:

I don't foresee those restrictions lasting until August. Those types of restrictions were basically the last step right before stay at home mandates were issued.

I don’t know. That’s just 4 months away. The governor is saying he won’t remove restrictions until widespread testing is available. From what I’m reading, it may not be possible to get that much testing capacity (machines, supplies, labor to administer the tests). It’s starting to sound like waiting for testing capacity is a fools errand.

[LinvilleGorge]

8 minutes ago, Tbe said:

I don’t know. That’s just 4 months away. The governor is saying he won’t remove restrictions until widespread testing is available. From what I’m reading, it may not be possible to get that much testing capacity (machines, supplies, labor to administer the tests). It’s starting to sound like waiting for testing capacity is a fools errand.

They're not going to be able to sustain this for four more months. At some point, there will be serious social unrest. Take a bunch of stressed out, bored to death people losing their jobs left and right and there's only so much they'll take.

[Davidson Deac II]

They will have to start opening things little by little within two to three weeks in order to avoid a more significant long term economic event such as a depression.  For all the talk about deaths from the virus and from the spanish flu epidemic that occurred in 1918/19, the great depression actually caused the deaths of more people thru job loss, homelessness and malnutrition.  While I don't believe we are on the cusp of another great depression, there is a point at which economic risk will begin to outweight virus risk.  And the various governors will have to make that call soon.

[Happy Panther]

3 hours ago, bull123 said:

thats just crap....that "gain" as you say dosent even come close to making up for the losses

If you bought all the way down it might...

[LinvilleGorge]

3 hours ago, bull123 said:

thats just crap....that "gain" as you say dosent even come close to making up for the losses

and it is gonna be worse since our state governors have totally shut down all businesses & are in no hurry to open them back up

The top 10% of households hold about 85% of the stock shares. The top 1% holds over 50%.

The stock market is going up due to buying volume. AKA - the rich are getting richer. Further concentration of wealth happens in every economic downturn as many "commoners" struggle for economic survival while the wealthy use the opportunity to buy up stocks, real estate, etc. at a discount.

[Paa Langfart]

8 hours ago, bull123 said:

thats just crap....that "gain" as you say dosent even come close to making up for the losses

and it is gonna be worse since our state governors have totally shut down all businesses & are in no hurry to open them back up

yeah all the hedgefunders like the guy that owns the Panthers arent getting richer by the minute.  Nor are the orange shittard and his minions capitalizing on the  news  - days and weeks before it becomes public information or is said in one of his idiotic daily briefings.  Never would happen.  Couldnt happen.  We have too transparent a potus right?  

 

 

 

 

Richard Burr.

[Paa Langfart]

6 hours ago, Davidson Deac II said:

They will have to start opening things little by little within two to three weeks in order to avoid a more significant long term economic event such as a depression.  For all the talk about deaths from the virus and from the spanish flu epidemic that occurred in 1918/19, the great depression actually caused the deaths of more people thru job loss, homelessness and malnutrition.  While I don't believe we are on the cusp of another great depression, there is a point at which economic risk will begin to outweight virus risk.  And the various governors will have to make that call soon.

Got to sacrifice the 3% to make it easy on the 1%.  You sir are a gullible fool.

[CatTower]

Banks make a killing while average person loses their head.  This trend has been going on for awhile now.  No longer does it pay to be nice, the ruthless have taken over America.

https://finance.yahoo.com/news/wall-street-bankers-doing-well-070148115.html 

[LinvilleGorge]

25 minutes ago, CatTower said:

Banks make a killing while average person loses their head.  This trend has been going on for awhile now.  No longer does it pay to be nice, the ruthless have taken over America.

https://finance.yahoo.com/news/wall-street-bankers-doing-well-070148115.html 

When you can be aggressive to the point of absolute recklessness because you know the government will bail you out if you fug it all up, well... that's a really nice perk to have.