Economic recovery

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    Economic recovery

    Who thinks we're actually recovering?

    Who thinks it still has worse to get?

    Who thinks bacon?

    #2
    Fuel prices have gone up, food prices have gone up. Every time I hear a farm report prices are down. my wage has stayed the same low shit amount so I'm not spending on anything I dont need. Just keep printing money for all nonessentials unemployment. All while my dad is bitching his s.s. check is 20 days behind.
    Big Labia Matter

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      #3
      Right now we haven’t seen the dip. The government has pumped in so much money it has kept the economy artificially propped up.

      i think a big dip is coming. And it’ll be around for a while.

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        #4
        Originally posted by ConwayMuddy View Post
        Fuel prices have gone up, food prices have gone up. Every time I hear a farm report prices are down. my wage has stayed the same low shit amount so I'm not spending on anything I dont need. Just keep printing money for all nonessentials unemployment. All while my dad is bitching his s.s. check is 20 days behind.
        Food is going up for sure. I have a good job but stashed my stimulus check for a rainy day. I think we will get worse as time goes on.

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          #5
          World
          meet
          mad max
          83, 22re,w56,ultimate duals,4:10 \31" arbs.
          hopes to grow up someday

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            #6
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            83, 22re,w56,ultimate duals,4:10 \31" arbs.
            hopes to grow up someday

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              #7
              Originally posted by ToyotaSub View Post
              Who thinks we're actually recovering?

              Who thinks it still has worse to get?

              Who thinks bacon?
              IMO 30%-40% of the non-chain restaurants will probably go under because of this shit.
              Non Lemming

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                #8
                It is coming, and by that nothing good. I see utilities, property taxes, insurance etc. all getting higher soon - to make up for deficits and losses local governments took, what with people staying home and some not working.
                They know those are bills just about mandatory, so easy peasy way to collect as far as they are concerned.

                Wife and I were discussing it just a couple days ago, when fuel prices were at an all time high food prices followed, it was said the cost of food will come down once fuel costs get lower. We all know how that worked out, and many other things that followed the suit.

                We are in for a shit show of epic proportions...

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                  #9
                  We haven't seen shit

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                    #10
                    Originally posted by SanDiegoCJ View Post

                    IMO 30%-40% of the non-chain restaurants will probably go under because of this shit.

                    at least half of the taco joints deserve it

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                      #11
                      august/sept is going to be wild unless the fed money machine prints a few more trillion to the actual people.

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                        #12
                        I’m with the “definitely not the bottom” folks. Stock market doesn’t mean shit, it could rebound in a day with things open and corona dead or a vaccine. Thankfully I’ve still had plenty of work coming in and the wife still has a job, but I am worried that if this thing drags on and on folks will just quit spending $.

                        I’ve known we were due for a downturn/recession for awhile, I’m hoping this event will take the place of it and with the timeline/bailouts not be as severe as something else might have been.

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                          #13
                          Originally posted by grumpy356 View Post
                          Right now we haven’t seen the dip. The government has pumped in so much money it has kept the economy artificially propped up.

                          i think a big dip is coming. And it’ll be around for a while.
                          Nailed it! We ain't seen shit.
                          ΜΟΛΩΝ ΛΑΒΕ
                          Live your life as the free human you are. You are beholden to no tyrannical "authority".

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                            #14
                            There is going to be a major second wave of this shit this fall. We haven't seen the worst of this pandemic yet and we're only beginning to see the economic impact. When this shit comes roaring back again this fall it's gonna get ugly. Economic bandaids aren't keeping this house of cards afloat until this time next year and that's likely what we'd need to avoid a serious economic collapse.

                            It's why I'm selling my house. I'm trying to cash in my chips and sit on a big ass pile of cash.

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                              #15
                              My business has been up 50-60%(retail/wholesale furniture) In my industry we will see a massive supply chain problem in the very near future. I sell 2 semis of mattresses a week usually. Right now I am selling 4 plus.

                              There is a massive shortage of employees and raw material. Hard to hire a unskilled labor @$17 an hour when they are getting 700-926 a week to stay home. I have been hiring 16-17year olds that have never worked. It’s so cool to see a kid that grew up poor and never had anything open their first $700+ weekly check. Those kids are hungry, the rest of the labor market is not.


                              When the stimulus and unemployment runs out it is going to be ugly. Prices on a lot of things will not crash when there is no new supply, even with diminished demand. I originally was thinking there would be a drop in value before inflation kicked in. I am not sure we will see that across the board.

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