The Coronavirus thread

[oneforthebus]

Macy's is a dinosaur, they will have to reinvent or they were headed for the crap pile of history, Kohls will be ok. Crapplebees was also struggling and the food SUCKED. It sucks and yes there will be some attrition but there is at some point attrition anyway. Sometimes it is needed like weeding a garden. If we get manufacturing back those retail jobs which pay for **** might be replaced with better paying manufacturing jobs. So we might not emerge where we were but we will as I said in the other reply going to end up stronger than before.

Yes, there's always attrition but it's gradual. And people who lose their jobs GRADUALLY from one industry GRADUALLY migrate to another. That's not possible when almost everything is shut down. I'm trying to point out to you that there's a whole big economic world out there that is shedding revenue and workers at a rate that we have never, ever seen before. Even in the Great Depression. But you want to believe it will be no problem at all bouncing back from that. I won't change your mind. I can only pray to God you're right and I'm wrong.

 

[Confluence]

Man some of you guys are just totally gloom and doom. The truth will be somewhere in the middle. We were doomed for a downturn at some point. This may be less painful as a correction than a natural downturn would have been, maybe not.

Lol

That is rich, SIL.

For weeks, many here have suggested two things:

The number of deaths from virus would be much less than projected
And
The economic carnage would be much worse than projected.

You argued strenuously against the first, with great doom and gloom and personal, firsthand experience, and have been shown to be mostly incorrect.

Now others are attempting to explain their personal financial worries, and you are, frankly, glib about the forest fire being needed, and at the onset of the biggest global economic crisis since WWII, you are advising others that their personal issues, like job losses, financial distress, etc. is doom and gloom.

When an economic recession hits the country, it is a personal economic depression for those who's job or business is lost.
Maybe you've not experienced this personally.

60 days from now, most will agree that this cure is far worse than the damn disease/flu. And the losses will be felt by many for years.



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[Tim Steelersfan]

You can probably get a SuckCut from Dollar General for $19.95

I cut my hair for the 2nd time today with a little help from my son. And I cut his. Have Wahl clippers with all the attachments. Swear it looks like I was just at the barber. Then again, I have a simple tight haircut. My son has fades and whisping hair up front. Had to use scissors and the razor. He was scared shitless. Thanked me after, said it looked great.

I don't know about that I think just the opposite from all the friends I have on Facebook. They are ready and willing to go out and support our local restaurants, in fact I think some of them will be so busy at first they will not know what to do. Particularly the one like my favorite Mama Disalvo's who has been making wonderful family style meals to go and keeping a good presence on facebook. Many have been savvy about marketing themselves during this and will do very well right away. Don't underestimate a pent up demand and the American Spirit to help each other.

Dude I swear watching your "we will bounce back this is just a small blip on the radar" posts is like watching Disney. Fairy tales and unicorns. Your wishful thinking is just that. Little substance save for a lot of "I think" grounded in no basis. But I love your optimism.

 

[IndySteel]

Yeah, we're self employed and have had a relationship with our bank for years. Applied the first day it came out and haven't seen a penny yet. We are fortunate that we have some backup money and some accounts receivable but business has completely dried up. We are hoarding every cent we can. We are generally very charitable but with two kids in college and third hoping to be in college in a year (and zero need based financial aid) we can't afford to be anymore.

You think everything's going to be hunky dory but we probably won't be be seeing all of the real ripple effects of this until 6 months to a year from now.

My company is going to see it in June. They haven't been making cars or doing oil & gas drilling for 2 months. Domestic steel mills are shut down, for the most part. Businesses can't just go idle for 3 or 4 months and then pretend nothing happened. Research the word "budget", for you economic retards. (not talking to you OFTB) Or, really, anyone not named Flog for that much.

 

[IndySteel]

Man some of you guys are just totally gloom and doom. The truth will be somewhere in the middle. We were doomed for a downturn at some point. This may be less painful as a correction than a natural downturn would have been, maybe not.

Do you have any idea of how many people are out of the jobs they had just 3 months ago, even less? The number is massive. We went from the lowest unemployment and the most booming economy EVER to a complete standstill. For a ************* virus that isn't even as deadly as the common seasonal flu.

 

[Ironcitysteelers]

More people got STDs during this time than this. Lol.

 

[Confluence]

My company is going to see it in June. They haven't been making cars or doing oil & gas drilling for 2 months. Domestic steel mills are shut down, for the most part. Businesses can't just go idle for 3 or 4 months and then pretend nothing happened. Research the word "budget", for you economic retards. (not talking to you OFTB) Or, really, anyone not named Flog for that much.

Are your customers still paying their bills regularly? I am very afraid that as the cash "flow" or float in many operations has just dried up (airlines, hotels, O&G sector, auto sales, etc.) that AR will slow to match funding, and that even the best customers, given the liquidity pinch from lack of revenue, will feel compelled to choose between slow paying and employees. And then fear of default provisions related to CF, EBITDA, net cash, etc. will position banks and govt to be the arbiter of who wins, and who loses.



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[SteelerInLebanon]

Lol

That is rich, SIL.

For weeks, many here have suggested two things:

The number of deaths from virus would be much less than projected
And
The economic carnage would be much worse than projected.

You argued strenuously against the first, with great doom and gloom and personal, firsthand experience, and have been shown to be mostly incorrect.

Now others are attempting to explain their personal financial worries, and you are, frankly, glib about the forest fire being needed, and at the onset of the biggest global economic crisis since WWII, you are advising others that their personal issues, like job losses, financial distress, etc. is doom and gloom.

When an economic recession hits the country, it is a personal economic depression for those who's job or business is lost.
Maybe you've not experienced this personally.

60 days from now, most will agree that this cure is far worse than the damn disease/flu. And the losses will be felt by many for years.



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That is incorrect. I never said we would see the apocalypse fo deaths, I said we were doing the right things to stave that off and arguing against it being overkill. Rip on me all you want but at least get my argument right. I was realistic about the dangers but it was more about my support for the measures taken, it was never the sky is falling and we all will die. What you are doing is saying the sky is falling and being doom and gloom.

 

[Tim Steelersfan]

Do you have any idea of how many people are out of the jobs they had just 3 months ago, even less? The number is massive. We went from the lowest unemployment and the most booming economy EVER to a complete standstill. For a ************* virus that isn't even as deadly as the common seasonal flu.

16.6 Million unemployment filings in three weeks.

That's over double the size of New York City's population, to put it into perspective. In just 3 weeks, 5.1785% of our population hit the streets. Unemployment is probably close to 15% right now.

I'll repeat. It took 10.5 months during the Great Depression to get to that number.

But we're gonna just bounce right back! LMAO.

 

[SteelerInLebanon]

16.6 Million unemployment filings in three weeks.

That's over double the size of New York City's population, to put it into perspective. In just 3 weeks, 5.1785% of our population hit the streets. Unemployment is probably close to 15% right now.

I'll repeat. It took 10.5 months during the Great Depression to get to that number.

But we're gonna just bounce right back! LMAO.

Many of those jobs will be coming right back, not true during the depressioni. It is not an apples to apples comparison and you know it. In fact a good percentage of those jobs are not even lost they are temporarily furloughed. Now if 6 months and we are back open and those are still the numbers it will be a different story. You are now acting about the economy like Spike was about the virus pre ban.

 

[oneforthebus]

Many of those jobs will be coming right back, not true during the depressioni. It is not an apples to apples comparison and you know it. In fact a good percentage of those jobs are not even lost they are temporarily furloughed. Now if 6 months and we are back open and those are still the numbers it will be a different story. You are now acting about the economy like Spike was about the virus pre ban.

You are really living in fantasyland. You don’t seem to get that some are pushing for this to go on for months longer. Do you understand that if a third of the country has no money to spend for months, many many businesses will not come right back from that? How is it possible that you don’t grasp that? Unbelievable.

 

[SteelerInLebanon]

You are really living in fantasyland. You don’t seem to get that some are pushing for this to go on for months longer. Do you understand that if a third of the country has no money to spend for months, many many businesses will not come right back from that? How is it possible that you don’t grasp that? Unbelievable.

Some are pushing for it. Some are pushing to get it open. Why do you assume the worst on this. You could at least admit that it may not be as bad you say it will, Jesus you have such a sunny outlook right now. I admit that my take could be wrong, it would be nice for you to give yourself a little hope that we will get things going sooner. And as much as I hate handouts the country will be getting funds and for ***** sake may are making more than they were on their jobs. Their will be an infusion of cash in the next few weeks and IF we can get things going again even partially we will be ok. Hell Del agrees with me and he isn't half as crazy as me.

 

[Steelr4evr]

You are really living in fantasyland. You don’t seem to get that some are pushing for this to go on for months longer. Do you understand that if a third of the country has no money to spend for months, many many businesses will not come right back from that? How is it possible that you don’t grasp that? Unbelievable.

Everyone is going to grasp it very soon.

 

[oneforthebus]

Some are pushing for it. Some are pushing to get it open. Why do you assume the worst on this. You could at least admit that it may not be as bad you say it will, Jesus you have such a sunny outlook right now. I admit that my take could be wrong, it would be nice for you to give yourself a little hope that we will get things going sooner. And as much as I hate handouts the country will be getting funds and for ***** sake may are making more than they were on their jobs. Their will be an infusion of cash in the next few weeks and IF we can get things going again even partially we will be ok. Hell Del agrees with me and he isn't half as crazy as me.

This is my ******* life so sorry if I don't have a sunny outlook.

We worked our whole lives. Did everything right. Never lived beyond our means. Never ran up a debt we couldn't pay. Paid off all of our student loans.

Became very successful. Because of our success, we got no help with anything. No need based financial aid. Our ridiculous health insurance premiums pay for the premiums of people who did not do what we did. Our massive ******* taxes pay for the people who didn't do what we did. We pay for the tuition of kids whose parents didn't do what we did.

So we might ******* lose everything we have worked our ***** off for 30 years. And all those people that we support may lose that support from us and millions of others like us.

And by the way what we will lose will PALE in comparison to what some people will lose. We might lose our health insurance. We might have to tell our kids they can't keep going to their expensive colleges. We might have to sell our house and downsize. But that will PALE in comparison to some people who as we speak are in fear of having their utilities shut off or not being able to pay their rent or their mortgage or feed their families. Not 6 months down the road. Not maybe sometime in the foreseeable future. MAYBE NEXT WEEK!

So yeah, sorry if I don't have a sunny outlook.

 

[Booted]

Even if all the businesses get to open May 1st, Does anyone think restaurants and other type of places that depend on a steady flow of crowds is going right back to business as before? It's going to take months to get the people to get over their fears to venture out again. The only joy I get out of any of this is, instead of sending in my monthly sales tax payments to the state totaling $1000s, I'll be sending in $200. wheeee

 

[Tim Steelersfan]

not sure if this was posted yet or not

Many of those jobs will be coming right back, not true during the depressioni. It is not an apples to apples comparison and you know it. In fact a good percentage of those jobs are not even lost they are temporarily furloughed. Now if 6 months and we are back open and those are still the numbers it will be a different story. You are now acting about the economy like Spike was about the virus pre ban.

Seriously, you are lost. Based upon what dream and fantasy do you think "many" of those jobs are coming right back?? If ABC Roofers closes for GOOD, NONE of those jobs are coming back. Countless businesses are shuttering for good. The jobs aren't coming back. Some will.

And seriously, before you say again this isn't like the Great Depression, offer some facts instead of your Disney land beliefs. Show us with facts and comparisons, not your anecdotes of what you see in Ohio, how this is different.

I dare say this can and will be worse. It's equally apples to apples in comparison.

I'm not acting. I'm citing facts.

You gloss over 16.6 million unemployed in 3 weeks. What's it gonna be in a month? But **** those families, right? So long as the shut down continues for you.

OFTB is right. Good people, like her and her family are being ruined.

 

[Ironcitysteelers]

Even if all the businesses get to open May 1st, Does anyone think restaurants and other type of places that depend on a steady flow of crowds is going right back to business as before? It's going to take months to get the people to get over their fears to venture out again. The only joy I get out of any of this is, instead of sending in my monthly sales tax payments to the state totaling $1000s, I'll be sending in $200. wheeee

**** that. Second it’s open, going to the bar and getting an Uber because I’m going da fuc to town.

 

[oneforthebus]

Our neighborhood food bank had a fire a few months back. All the food was ruined from smoke damage. They reached out to the community and the community responded overwhelmingly. They were flush with cash and swamped with food and monetary donations to the extent that they asked people to stop donating food because they had way more than they could sort and store.

Guess what? It's all gone. Hundreds of families have been waiting in line for hours to get food and they are wiped out and begging for donations again.

And that is after what, 5 weeks of this?

The human misery will be incomprehensible if this goes on much longer. The blindness of some people to this reality is amazing to me.

 

[Booted]

The human misery will be incomprehensible if this goes on much longer. The blindness of some people to this reality is amazing to me.

The maddening part is, Surely, the government must know this and still, they continue with their "solution"

 

[Troglodyte]

Seriously, you are lost. Based upon what dream and fantasy do you think "many" of those jobs are coming right back?? If ABC Roofers closes for GOOD, NONE of those jobs are coming back. Countless businesses are shuttering for good. The jobs aren't coming back..

Last May, my neighborhood got hit with a hail storm. Everyone needed their roof replaced. June through October someone was having their roof replaced. Walking the dog on the golf course THIS WEEK what do I see? Someone having their roof replaced. In addition to my roof I had some windows damaged and arranged to have them replaced this spring. Still happening. Landscapers are parked up and down the street. Are you sure thing are as bad as you think? People still need contractors.

 

[oneforthebus]

The maddening part is, Surely, the government must know this and still, they continue with their "solution"

Yep, and the other maddening thing is, in our county we have 17 deaths from this. We had over 100 flu deaths here last year and no one gave it a second thought.

How many lives are being ruined in this county over this? Thousands.

 

[oneforthebus]

Last May, my neighborhood got hit with a hail storm. Everyone needed their roof replaced. June through October someone was having their roof replaced. Walking the dog on the golf course THIS WEEK what do I see? Someone having their roof replaced. In addition to my roof I had some windows damaged and arranged to have them replaced this spring. Still happening. Landscapers are parked up and down the street. Are you sure thing are as bad as you think? People still need contractors.

Well gee some roofers and landscapers are still working so I guess the tens of millions of other people who aren't is no biggie.

Is that your point?

 

[hamster]

Do you notice that there are things that just aren't available now? Things that we will need in the future...like toilet paper, and Purell. Now, we have a shortage of hair clippers, and hair color. All of those will need to be replenished. Life has changed, absolutely.The way we conduct business has changed. I can see commercial real estate taking a big hit. That is going to hurt me moving forward. Manufacturing is going to make a huge comeback in the States, and Mexico. The medical field will always be there. There will be q thinning or the herd in retail and restaurants. I hope to God that we look at our Gov't as an overstepping necessary evil, that it is, and we elect more enlightened officials. Globalism is dead. China will suffer the most, as a result of this. **** them.


In the end, none of us know the real impact of this. Like this pandemic, we are all just learniing as we go.

 

[Ironcitysteelers]

Last May, my neighborhood got hit with a hail storm. Everyone needed their roof replaced. June through October someone was having their roof replaced. Walking the dog on the golf course THIS WEEK what do I see? Someone having their roof replaced. In addition to my roof I had some windows damaged and arranged to have them replaced this spring. Still happening. Landscapers are parked up and down the street. Are you sure thing are as bad as you think? People still need contractors.

Schools, colleges, restaurants, bars, clothing stores, hobby stores, Disney Land (50g EEs), other parks, beach town mom and pop shops, movie theaters, auto shops (those not open), sports teams(not the players the tens of thousands of people behind. The curtain), farmers dropping food, and on and on and on.

 

[ZonaBurgh]

Last May, my neighborhood got hit with a hail storm. Everyone needed their roof replaced. June through October someone was having their roof replaced. Walking the dog on the golf course THIS WEEK what do I see? Someone having their roof replaced. In addition to my roof I had some windows damaged and arranged to have them replaced this spring. Still happening. Landscapers are parked up and down the street. Are you sure thing are as bad as you think? People still need contractors.

Guess this isn't personally affecting you.

https://fortune.com/2020/04/09/ureal-unemployment-rate-jobless-claims-this-week/