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While not doing it means we'll be at 7.3% death rate like Italy. There are only horrific choices at this point.
Pelosi sold the country out when she let that bill pass exempting people at businesses with more than 500 employees from being eligible for sick leave. The only good thing we get out of that bill is free SARSCov2 testing. Meanwhile Trump gets to pretend he gave people sick leave.
While not doing it means we'll be at 7.3% death rate like Italy. There are only horrific choices at this point.
If we’re going to live by the free market then we need to die by the free market (literally). We can’t selectively tell businesses to close without providing any form of relief.
Krugman pointed out that the "business cycle" recessions from unstable Capitalism are less painful, shorter than BigFinance ups like 1929 and 2008 which are worse and longer .
It sounds like the current "demand depression" could turn into another BigFinance Banksters Great Depression, deep, severe, and long
btw, household and corporate debt are both a record levels, meaning "deleveraging" could be severe, with lots of defaults, repossessions.
Disaster Capitalism at its best
& CDC is hedging on even that. It's new $, fresh & untapped & they want a portion. They ain't greedy, they just don't want to give it all a way. It's against their nature. They want a cut. "You decide." Then they close their eyes & hope for a good #...they can then salt away for a rainy day.
It's why gov't wants a piece of the Internet. It's fresh money, untapped, not the same tired old money that keeps getting shuffled & reshuffled & picked apart.
Same with this test.
NYSE as of Feb 1, 2017
-20812
NYSE as of right now, Mar 2020:
-20924
I don't think we are anywhere near the floor.
That is what it is looking like. The big D.
There is no floor. I told ya's that over a week ago.
This-will-not-stop.
Per capita income is directly correlated to life expectancy.
plummeting as we approach today's close. down over 13% now
Were very close to January 1, 2017 levels
closed at -12.94% today
You lucky thing, you.
Thank Christ, you were right, Splits.
tee, hee.
not really. i started up my 401k in january 2018
and a potential recession does nobody any favors except people who are very cash rich
ing blood bath
3000
If this lasts until August we’re going to see something that more closely resembles the Great Depression than 2008. At that point we would have 25+% unemployment and small businesses shutting down left and right.
Not for me, remember, tights?
Did you at least spend some of that windfall before Corona came a knockin'?not really. i started up my 401k in january 2018
and a potential recession does nobody any favors except people who are very cash rich
from 20 to 29 in 3 years, a full year of gains, lost in a single day
and now you're sitting 200 points off the Negro
FDICfrom 20 to 29 in 3 years, a full year of gains, lost in a single day
and now you're sitting 200 points off the Negro
25%?
id say over 50%
I said 25+%. That’s where unemployment levels were during the Great Depression. Definitely not saying it’d stop there.
id say over 50%
do you not know how 401k's work?
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