Spooooooky!!! Anyone else feel like we're in eerily similar times today as we were in 2007-2008. Only top 20% have more savings than pre Covid
- Thread starter GnauzBookOfRhymes
- Start date
Red Shield
Global Domination
GnauzBookOfRhymes
Superstar
Investors say negative real yields are driving the ‘everything rally’
Negative rates on long term treasuries linked to inflation
Negative rates on long term treasuries linked to inflation
GnauzBookOfRhymes
Superstar
60% of business closures are permanent according to Yelp data
Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent
Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent
TheDarceKnight
Veteran
That's depressing.
I'm simultaneously really sad but grateful. I was about to open a business this year, and it'll be a long time before I can do it (MMA gym that involves a lot of physical contact/wrestling) but I'm really thankful I wasn't farther along in the process. If I'd just signed a lease and opened without enough students to support it, I'd be completely sucked right now.
IMO we aren't even starting to really see the economic side-effects of Covid-19. It's going to get way worse.
It'd be nice if we had a government that gave half a fukk about us and would help try to figure out M4A or experiment with UBI, instead of giving trillions of dollars to bail out their rich friends (again).
We won’t really see the full effect of the Covid-19 pandemic until 2021. And the damage will probably run well into 2022.
I don’t think throwing money at the issue will be enough. There are structural changes that need to be made to the US economy.
The Fed also needs to get their act together.
I don’t think throwing money at the issue will be enough. There are structural changes that need to be made to the US economy.
The Fed also needs to get their act together.
GnauzBookOfRhymes
Superstar
That's depressing.
I'm simultaneously really sad but grateful. I was about to open a business this year, and it'll be a long time before I can do it (MMA gym that involves a lot of physical contact/wrestling) but I'm really thankful I wasn't farther along in the process. If I'd just signed a lease and opened without enough students to support it, I'd be completely sucked right now.
IMO we aren't even starting to really see the economic side-effects of Covid-19. It's going to get way worse.
It'd be nice if we had a government that gave half a fukk about us and would help try to figure out M4A or experiment with UBI, instead of giving trillions of dollars to bail out their rich friends (again).
Wow. You dodged a missile fukk a bullet lol.
GnauzBookOfRhymes
Superstar
mastermind
Rest In Power Kobe
GnauzBookOfRhymes
Superstar
GnauzBookOfRhymes
Superstar
EVERYONE, the political and financial/economic power structure have been giving us hints for a while now.
But the one thing I've learned is that you need to also pay attention to PEOPLE.
History doesn't repeat, but it rhymes. As humans, individually and collectively, we are creatures of habit and patterns. Especially in the US. We have seen this time and time again. The country is so big that it is set in its ways, so whenever it confronts a problem it almost always tries to fix it by doing the same thing that worked in the past. Doesn't matter if circumstances may have shifted. Our economy and politics are too broken and our leaders lack the imagination to do anything else.
EVERY TIME THERE HAS BEEN RUNAWAY INFLATION, THE US RESPONSE IS TO INDUCE A RECESSION.
A recession IS coming. Not in 2022 bc of midterms and bc we're just getting out of covid so there's little appetite to give the country bad news. 2024 is a presidential election year so the administration will pull all the stops to make sure it doesn't happen then.
That leaves 2023. So buckle up, save and buy the market after it drops 20%.
But the one thing I've learned is that you need to also pay attention to PEOPLE.
History doesn't repeat, but it rhymes. As humans, individually and collectively, we are creatures of habit and patterns. Especially in the US. We have seen this time and time again. The country is so big that it is set in its ways, so whenever it confronts a problem it almost always tries to fix it by doing the same thing that worked in the past. Doesn't matter if circumstances may have shifted. Our economy and politics are too broken and our leaders lack the imagination to do anything else.
EVERY TIME THERE HAS BEEN RUNAWAY INFLATION, THE US RESPONSE IS TO INDUCE A RECESSION.
A recession IS coming. Not in 2022 bc of midterms and bc we're just getting out of covid so there's little appetite to give the country bad news. 2024 is a presidential election year so the administration will pull all the stops to make sure it doesn't happen then.
That leaves 2023. So buckle up, save and buy the market after it drops 20%.
GnauzBookOfRhymes
Superstar
GnauzBookOfRhymes
Superstar
GnauzBookOfRhymes
Superstar
Working out the bugs in the system.
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www.theverge.com
Driverless Cruise robotaxis stop working simultaneously, blocking San Francisco street
Driverless cars can still cause traffic jams
www.theverge.com
Bboystyle
Bang Bang Packers gang!
Working out the bugs in the system.
Driverless Cruise robotaxis stop working simultaneously, blocking San Francisco street
Driverless cars can still cause traffic jams
The fukk this gotta do with the thread?