Will interest rates not go up as a result of dis?

No, theyll be low to get the economy going again.

Here in canada, interest rates are at record lows atm, and they might go into the negatives for the first time ever.

Ite I hope u right cos all I'm hearing is doom n gloom that we gona be economicly f***ed

Again, u need the government to ensure this s*** happens... But this situation is nothing like the 1940s.

If u have any money to invest at all, p soon is gonna be the perfect time to actually be able to get ahead for once. U wont get a better opportunity to make significant investment gains in your life.

What stocks we thinkin op?

the start of KTT2 was the tipping point

On the real I think we’re gonna be alright. The fed manipulates the market so much it may as well be state capitalism

Not gamestop lol

Ideally newer companies with ridiculous potential, or a company with no viable competition in the foreseeable future.

Aint about to say specifics for free tho lol

Naive

3% of restaurants have already closed permanently.

They're never coming back.

They expect an 11% permanent closure rate by the end of April.

This will be a permanent scar

This, when a business sits its costing thousands of dollars worth of utilities and rent every month.

Rent space for a business is probably 4x to 5x that of a home or apartment.

That business owner will cut the rope instead of drowning and digging further into horrendous debt

And u think that when this virus is dealt with, that these THOUSANDS AND THOUSANDS of cooks and servers are just gonna sit on welfare, or find an entirely new line of work?

Nothing is stopping johnny the cook, from opening johnnys pizzaria in the exact same location his old boss, billy, had billys pizzaria.

Ermahgerd

The restaurants are gone and never coming back.

Give ur heads a shake.

Yeah like YEARS later

They're not going to bounce back up like wack a mole, people are going to avoid restaurants for the whole year probably.

Opening back in the midst of the aftermath is ed

Some will do it, and they'll go right out of business

When infection numbers are so low that everything starts getting reopened... Why would ppl be avoiding restaurants?

Before businesses were closed, did ppl avoid outtings? P sure floridas beaches were packed full of idiots.

Isnt that why everything is shut down atm? Since theres no point telling ppl to isolate, just to turn around and tell them to spread it at work?

Same reason why people are avoiding Corona beer, they're irrational

This is grasping at straws

And ignorance isnt the same as irrational

U know where the economic fear mongering is really coming from?

The 1% who are scared s***less of the redistribution of wealth.
Its a forced reset button, and the little guy might get 1 or 2 advantages that the big guys are accustomed to hoarding for themselves.

On top of that no one will go to restaurants because of the massive incoming unemployment rate.

FED expects 32% unemployment rate by the 2nd quarter

No one is going to dine out pretty soon 1/3 or at best 1 out of 4 Americans will be JOBLESS

And they won't find jobs easily, and when they do they'll be low wage positions.

You're downplaying the economic devastation that's going to unfold

I havent downplayed anything

It isnt 1940, 50% of the population isnt incapable of working (in fact theyll be desperate to get back to work)

And of the 50% that can work, 1/3 arent missing limbs

When deaths from this virus are 1 or 2 a day

And new infections are double digit

WHAT THE F*** IS GOING TO STOP A QUICK RECOVERY OF THE ECONOMY?

You just don't get it do you...

Recovery will be slow

I'll give it a decade

it took a decade when manufacturing ran the world, and half the population didnt work

Ur an idiot

You're naive

Where’d you get this 32% figure? Stop lying