I hear somewhere that as many as 16 million have filed for unemployment.
How bad do you think the economy will get in America?
Don't know don't care all I need is one good rope.
Im not sure. But i hope it gets worse.
B
All signs pointed to a recession a month ago.
On the bright side atleast betabuxing will become more effective now that most people are gonna be broke as fuck
I
The economy was already based on nothing but paper and digits on a screen. COVID just laid it bare for everyone to see.
worse than great depression levels and for longer
Can you elaborate on that?
D
cope
D
Big recession - they’ll keep it going for long enough to convince the general population that they want a big brother communist world government to look after them. That’s the whole point of (((COVID-19)))
no, no
I think it will recover once coronachan goes away because demand will go back up.
You forgetting about onlyfans
I
Lmao, it's not gonna be communist, just authoritarian.
Huge pandemic and who does the government bail out? Companies and people that own the means of production. Most of us commoners aren't getting jack shit from this.
The pandemic just helps the capitalists to consolidate their resources. Soon you'll only be buying from Walmart and Amazon.
Spanish flu lasted for 2 years. Pandemics come back in waves.
Lockdown won't accomplish whatever politicians think it will accomplish.
Fed printed 6 trillion dollars, half of people will be unemployed and employees will get fucked up from getting sick when we end lockdown.
So what then?
Yup. Big business loves this shit. Small and medium businesses are dead. The fed bailed out ETFs and hedge funds. If you were smart you could have made shit tons shorting the market then buying in when it was done crashing.
This was a HUGE transfer of wealth from middle class to the elite.
I mean they already get sick even without corona. My cousin had a cold around thanksgiving and works at Boston Market and he was forced under the threat of being fired to package thanksgiving meals. He ended up infecting a bunch of meals and getting people sick so they had to stop production for his shop.
I
The game was rigged from the start. Worst part is there's nothing we can do about it. People are happily complying with the government and the capitalists that control it. And now they are willingly giving up their freedom of movement because they were told to.
Depression. Things are fucked. The millennials bitched about graduating around 2009 and for you guys graduating around this time, shit is not going to be easy.
Bad
Hopefully catastrophic
Hopefully catastrophic
D
Only jobs will be crappy food-related jobs.
Big bailout for the rich. Big programs for foids. Failed men left to be homeless or rope.
I
Implying that this wasn't already the case for most of the 2010s.
I waa poor before it became fashionable.
What's in your garden?
What's in your garden?
Worst
I hope the economy collapses so that normalfags know at least some pain
not bad at all because the government can print as many dollars as they want
my country is something else, we depend on the european central bank which is countrolled by other euro countries too, and they're negotiating the recovery funds but they're fucking cunts about it
my country is something else, we depend on the european central bank which is countrolled by other euro countries too, and they're negotiating the recovery funds but they're fucking cunts about it
A couple of weeks ago someone started a topic stating "I hope corona virus kills millions"...
It seems that his wish has been granted.
It seems that his wish has been granted.
Worse than the Great Recession, better than the Great Depression.
It's not great that most economies were already running large budget deficits and were being buoyed by a decade of near-zero interest rates. This means that there's only so much breathing room that policymakers have without running into even more long-term issues. This will be worse than 2008.
It's not going to be as bad as the 1930s because we have a better understanding of economics now. I mean, the initial response by the U.S. government in 1929-1930 was to tighten fiscal and monetary policy as well as pass protectionist laws like the Smoot-Hawley Act, which only exacerbated the situation. Automatic stabilizers are also kicking in now, cushioning the short-term impact on most lower- and middle-class Americans' budgets.
Sounds like an oversimplification
It's not great that most economies were already running large budget deficits and were being buoyed by a decade of near-zero interest rates. This means that there's only so much breathing room that policymakers have without running into even more long-term issues. This will be worse than 2008.
It's not going to be as bad as the 1930s because we have a better understanding of economics now. I mean, the initial response by the U.S. government in 1929-1930 was to tighten fiscal and monetary policy as well as pass protectionist laws like the Smoot-Hawley Act, which only exacerbated the situation. Automatic stabilizers are also kicking in now, cushioning the short-term impact on most lower- and middle-class Americans' budgets.
Sounds like an oversimplification
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D
But now even for normie extrotards.
idk but bad enough
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