If this pandemic gets better in a month or two, you are probably right. It will bounce back fairly quick. This isnt really an economic recession, yet. But if the pandemic drags on, it will become one. Then it will take years to recover. We shall see.
Trucking Economist Predicts “A Lot of Trucking Failures” Coming Soon Due to Pandemic What do yall th
Discussion in 'Experienced Truckers' Advice' started by Bobtail Bobby, Apr 5, 2020.
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Rideandrepair, Western flyer, Doealex and 3 others Thank this.
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Kinda like the banking/mortgage recovery.
Slow but sure.Rideandrepair Thanks this. -
What I worry about is this.
Stay with me here.
Work. Make 10.00 a hour. Work enough hours pay rent or mortgage pay bills whats left you scrape together while you live out your existence cradle to grave.
Now...
If the people suddenly understood all this imaginary government checks keep coming or even a Universal monthly check from dear Uncle Sam, why bother paying the bills. Let it all go.
Thats the collapse I am afraid of. A complete and total failure of our money system from banks on down.MrEd, Rideandrepair, Doealex and 1 other person Thank this. -
Sirscrapntruckalot, x1Heavy, nredfor88 and 2 others Thank this.
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This could be over more quickly than you think. We have the technology to test, we have effective drugs to cure the virus. We could cancel the laws keeping us on lockdown and crank up the country. The government has over $2 trillion to jump start most every thing.
If you have symptoms you get tested. If you have the Wu Han virus you take the pills. The immuno-compromised take precautions as they always do but the drugs will save around 98% if they get the virus. It could end tomorrow.
Will it? Who knows. This scenario is probably too obvious. Maybe just wishful thinking.x1Heavy, nredfor88, Texas_hwy_287 and 2 others Thank this. -
As for house prices, I'm waiting for the crash, looking to pick up something cheap near Missoula, Montana.nredfor88, TokyoJoe, Rideandrepair and 3 others Thank this. -
I’ve said all along since day one that testing is the key to beating this. Knowledge is power. I’m going with the Harvard scientist report a while back. He estimates that as many as 60 million of us have already had this virus in America. And the death rate is actually 0.25%. Once the government realize that they’re going to turn everybody loose. Yes people will die, yes this is the most contagious aggressive virus in human history
But if we don’t get America back to work soon, the fallout from this is going to pale in comparison to how many premature deaths in poverty we will create out there. If we’re not back to work by May 15, forget about it all bets are off. -
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