Doom! Impending catastrophic collapse of the US economy | |
Shaun Kaven
(OP) User ID: 71498518 Colombia 03/23/2020 05:54 AM Report Abusive Post Report Copyright Violation | More: “Depressed revenues will increasingly depress, and when combined with hiccups in the credit markets, borrowing costs will continue to skyrocket, further compounding the inability of businesses to support jobs. Without jobs, Americans will be unable to make payments on their mortgages, rent, credit cards, and automobiles; to acquire goods and services; and, to spend money at restaurants and coffee shops and in support of the gig economy. If not immediately addressed, this cycle cascades into chaos. The unemployment lines have elongated, and on April 1st, the length of these lines will explode.“ And my favorite: “Across the entire real estate ecosystem including construction, retail, healthcare, leisure and hospitality, and real estate services there are almost 63 million jobs at stake. This real estate ecosystem represents ~$7.1 trillion of GDP, out of $20.3 trillion total US GDP. The economic impact, magnified by widespread total industry shutdowns throughout the American economy, could be exponentially worse than the economic effects of the 1987 crash, September 11th attacks and 2008 recession, combined. The long-term impact on the economy will be catastrophic.” Like I told my ex-wife, I said: honey, I never drive faster than I can see. Besides that, it’s all in the reflexes… |
Shaun Kaven
(OP) User ID: 71498518 Colombia 03/23/2020 06:00 AM Report Abusive Post Report Copyright Violation | Read this paragraph one more time just to make sure you get it. Bold is mine. The economic impact, magnified by widespread total industry shutdowns throughout the American economy, could be exponentially worse than the economic effects of the 1987 crash, September 11th attacks and 2008 recession, combined. The long-term impact on the economy will be catastrophic.” Quoting: Shaun Kaven Like I told my ex-wife, I said: honey, I never drive faster than I can see. Besides that, it’s all in the reflexes… |
Head2Bunker
User ID: 77394391 United States 03/23/2020 06:17 AM Report Abusive Post Report Copyright Violation | |
Shaun Kaven
(OP) User ID: 71498518 Colombia 03/23/2020 12:36 PM Report Abusive Post Report Copyright Violation | |