Page 1 of 5 123 ... LastLast
Results 1 to 10 of 43

Thread: COVID Part 2 - The economic mess

  1. #1
    Super Moderator TJC44's Avatar
    Join Date
    Jul 2014
    Location
    In a better Place
    Posts
    4,807

    Ranks Showcase

    Thanks
    3,177
    Thanked 8,716 Times in 3,587 Posts

    COVID Part 2 - The economic mess

    So now that everyone is preoccupied with social distancing and PPE, part 2 comes along.

    1. The stores are already gutted from the panic buying, and the supply chain can't seem to get caught up.
    2. The games that the Saudis are playing with the price of oil.
    3 The big 3 automakers have shut down, and in some cases retooled to produce medical equipment.
    4. #3 creates a wave effect (not a trickle) back up the supply chain. More on that later.
    5. The airline industry has also about shut down. No one is flying, no one is building planes, etc.
    6. Wave effect from #5, no one is parking at the airport, no one renting cars, no one staying at hotels.
    7. Major uptick in unemployment means hell for banks unable to collect debt.
    8. Trickle down effect creates panic in companies that supply parts. Warning of reduced earnings, Companies cut their spending, cut capital -
    My employer just sent down communication from the top to prepare for a "Category 6 storm" financially - their words, not mine.

    The virus was the easy part.

    TJC
    BAH FUCKING HUMBUG!

  2. The Following 9 Users Say Thank You to TJC44 For This Useful Post:

    BucketBack (04-10-2020),hawgrider (04-09-2020),Innkeeper (04-09-2020),Inor (04-10-2020),juskom95 (04-09-2020),MountainGirl (04-09-2020),Ricekila (04-12-2020),shootbrownelk (04-15-2020),Sparkyprep (04-10-2020)

  3. #2
    Found juskom95's Avatar
    Join Date
    Aug 2016
    Location
    KY
    Posts
    10,300

    Ranks Showcase

    Thanks
    24,091
    Thanked 20,730 Times in 8,455 Posts
    If the economy doesn't start by the end of the month, at the latest, it isn't going to recover. I don't mean just the US either, but the US is probably the strongest/largest economy in the world.
    "Every person’s life is theirs by right. An individual’s life can and must belong only to himself, not to any society or community, or he is then but a slave. No one can deny another person their right to their life, nor seize by force what is produced by someone else, because that is stealing their means to sustain their life. It is treason against mankind to hold a knife to a man’s throat and dictate how he must live his life."



    COFFEE!

  4. The Following 3 Users Say Thank You to juskom95 For This Useful Post:

    Innkeeper (04-09-2020),Ricekila (04-12-2020),shootbrownelk (04-15-2020)

  5. #3
    Don't get too close, I bite! Innkeeper's Avatar
    Join Date
    May 2014
    Location
    Middle Finger of Michigan
    Posts
    4,021

    Ranks Showcase

    Thanks
    28,418
    Thanked 7,310 Times in 3,090 Posts
    Oh yes and she changed the occupancy from 5 per 1000 sqft in stores to 4 per 1000 sqft.

    Sent from my SM-G970U using Tapatalk
    "Firearms are second only to the constitution in importance; they are the peoples' liberty's teeth"
    George Washington

  6. The Following 3 Users Say Thank You to Innkeeper For This Useful Post:

    juskom95 (04-09-2020),Ricekila (04-12-2020),shootbrownelk (04-15-2020)

  7. #4
    VIP Member! MountainGirl's Avatar
    Join Date
    Dec 2017
    Location
    Ten Oaks TX
    Posts
    6,186

    Ranks Showcase

    Thanks
    29,065
    Thanked 15,330 Times in 5,120 Posts
    Quote Originally Posted by juskom95 View Post
    If the economy doesn't start by the end of the month, at the latest, it isn't going to recover. I don't mean just the US either, but the US is probably the strongest/largest economy in the world.
    Heard on tinfoil talk radio last night that the *plan* is to take down not only the US economy, but the global as well: Making room for a whole new monetary system, new world order, etc.

    With everything going on - it's getting harder to sort out the real from the not.

  8. The Following 6 Users Say Thank You to MountainGirl For This Useful Post:

    BucketBack (04-10-2020),juskom95 (04-09-2020),Ricekila (04-12-2020),rstanek (04-10-2020),shootbrownelk (04-15-2020),StratBastard (04-09-2020)

  9. #5
    Found juskom95's Avatar
    Join Date
    Aug 2016
    Location
    KY
    Posts
    10,300

    Ranks Showcase

    Thanks
    24,091
    Thanked 20,730 Times in 8,455 Posts
    Quote Originally Posted by MountainGirl View Post
    Heard on tinfoil talk radio last night that the *plan* is to take down not only the US economy, but the global as well: Making room for a whole new monetary system, new world order, etc.

    With everything going on - it's getting harder to sort out the real from the not.
    That might be the end result, planned or not.

    That or large portions of the populace will say "Screw it," and ignore the governments' rules.

    Sent from my SM-J327P using Tapatalk
    "Every person’s life is theirs by right. An individual’s life can and must belong only to himself, not to any society or community, or he is then but a slave. No one can deny another person their right to their life, nor seize by force what is produced by someone else, because that is stealing their means to sustain their life. It is treason against mankind to hold a knife to a man’s throat and dictate how he must live his life."



    COFFEE!

  10. The Following 3 Users Say Thank You to juskom95 For This Useful Post:

    BucketBack (04-10-2020),Ricekila (04-12-2020),shootbrownelk (04-15-2020)

  11. #6
    Don't get too close, I bite! Sasquatch's Avatar
    Join Date
    Sep 2015
    Location
    California
    Posts
    4,427

    Ranks Showcase

    Thanks
    6,227
    Thanked 13,043 Times in 3,888 Posts
    I've always said, from the beginning, I'm not worried about the virus but I am worried how people will react to it. With that said, when things do open back up we will be playing catch up so a lot of jobs will be filled and there will be money flowing. Don't get me wrong, there will be repercussions from the virus as some businesses couldn't weather the storm and close but I think we will do fairly well at bouncing back. That is as long as this SIP crap doesn't last too long.
    "That guy has the right idea, he wore the brown pants today!"

  12. The Following 5 Users Say Thank You to Sasquatch For This Useful Post:

    Innkeeper (04-10-2020),Inor (04-12-2020),juskom95 (04-10-2020),Ricekila (04-12-2020),shootbrownelk (04-15-2020)

  13. #7
    VIP Member! BucketBack's Avatar
    Join Date
    Aug 2014
    Location
    Great Lake State
    Posts
    21,917

    Ranks Showcase

    Thanks
    19,899
    Thanked 33,021 Times in 14,691 Posts
    Blog Entries
    1
    The cure may be worse than the virus
    Keep Your Head Up, And your Stick On The Ice.

  14. The Following 3 Users Say Thank You to BucketBack For This Useful Post:

    MountainGirl (04-12-2020),Ricekila (04-12-2020),shootbrownelk (04-15-2020)

  15. #8
    Super Moderator TJC44's Avatar
    Join Date
    Jul 2014
    Location
    In a better Place
    Posts
    4,807

    Ranks Showcase

    Thanks
    3,177
    Thanked 8,716 Times in 3,587 Posts
    I am now seeing stories of meat processing plants being shut down for deep cleaning and the employees being found with COVID-19.

    Tyson Foods
    National Beef Packaging
    JBS USA
    Smithfield Foods (from another story)
    Also remember that most large vegetable farms use migrant labor in their fields. They are unable to travel due to Stay-in-place orders, so they can't report to their usual farms.
    https://www.npr.org/sections/coronav...2dO85lA5Df5y-8

    Stay Tuned....
    Last edited by TJC44; 04-12-2020 at 08:47 PM. Reason: add link
    BAH FUCKING HUMBUG!

  16. The Following 6 Users Say Thank You to TJC44 For This Useful Post:

    BucketBack (04-13-2020),Inor (04-12-2020),juskom95 (04-12-2020),MountainGirl (04-12-2020),Ricekila (04-12-2020),shootbrownelk (04-15-2020)

  17. #9
    VIP Member! MountainGirl's Avatar
    Join Date
    Dec 2017
    Location
    Ten Oaks TX
    Posts
    6,186

    Ranks Showcase

    Thanks
    29,065
    Thanked 15,330 Times in 5,120 Posts
    Quote Originally Posted by TJC44 View Post
    I am now seeing stories of meat processing plants being shut down for deep cleaning and the employees being found with COVID-19.

    Tyson Foods
    National Beef Packaging
    JBS USA
    Smithfield Foods (from another story)
    Also remember that most large vegetable farms use migrant labor in their fields. They are unable to travel due to Stay-in-place orders, so they can't report to their usual farms.

    Stay Tuned....
    I heard all those ^^ reports today too. Smithfield is in SiouxFalls SD and is a huge pork processing plant..

    https://www.cnbc.com/2020/04/12/smit...-pandemic.html

    over3500 employees if I remember right. Link to Smithfield story ^^

    There's going to be a real impact on the national meat supply.

  18. The Following 2 Users Say Thank You to MountainGirl For This Useful Post:

    juskom95 (04-12-2020),shootbrownelk (04-15-2020)

  19. #10
    Super Moderator TJC44's Avatar
    Join Date
    Jul 2014
    Location
    In a better Place
    Posts
    4,807

    Ranks Showcase

    Thanks
    3,177
    Thanked 8,716 Times in 3,587 Posts
    Quote Originally Posted by MountainGirl View Post
    I heard all those ^^ reports today too. Smithfield is in SiouxFalls SD and is a huge pork processing plant..

    https://www.cnbc.com/2020/04/12/smit...-pandemic.html

    over3500 employees if I remember right. Link to Smithfield story ^^

    There's going to be a real impact on the national meat supply.
    I'm sure others have already shut down as well, there just was no press release about it. If you thought the store shelves were bare before, it's looking to get worse.
    At least we don't have to worry about running out of milk!
    BAH FUCKING HUMBUG!

  20. The Following User Says Thank You to TJC44 For This Useful Post:

    shootbrownelk (04-15-2020)

Page 1 of 5 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •