guarnibl
Well-Known Member
- Joined
- Apr 3, 2017
- Threads
- 4
- Messages
- 2,515
- Reaction score
- 2,284
- Location
- Scottsdale / Sarasota
- Vehicle(s)
- '21 JLUR 392 XR, '21 JTR, '21 JLR, '09 JK
Agreed. I have a feeling next week will be 2-3x this week as far as unemployment claims. We will likely go to 50%+ unemployment.I don’t see anyway to avoid it at this point. Today showed the worst weekly unemployment claims data since the Great Depression. If we don’t find a way to get folks safely back to work within a month and consumers willing to go to that store or restaurant or bar or movie theater......... look out.......
it is very easy to shut everything down.
it isn’t as easy to get it all started again.
And, if we don’t try to get it restarted soon, it’s going to be even harder later..... Many large businesses will survive and potentially prosper ...they will,potentially hire hundreds of thousands of new employees. But the backbone of the economy is small and medium business. They will not.
That said, most likely the government will just bail everyone out at any cost and print their way out of this. It's interesting because normally that would be a huge issue -- but since nearly every country is experiencing the same issue, I don't think it will matter. Think of it as erasing fiscal history during this time. They're going to have to completely break the fundamentals of everything to come out of this.
The problem is that, it will all come too late and we will already have lost many of those businesses. Some will re-open and others will not.
Also no one is going back to work until we feel safe. That means public mask requirement + anti body testing + rapid infection testing. We are not a couple months away from this.
Sponsored