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2
Tenpoundbass
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2020 Apr 9, 6:30am
Tenpoundbass
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2020 Apr 9, 6:30am
Margaritas in a Chinese takeout joint?
That's like getting a Bloody Mary with your cone at a Baskin and Robins
That's like getting a Bloody Mary with your cone at a Baskin and Robins
3
B.A.C.A.H.
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2020 Apr 9, 9:08am
B.A.C.A.H.
@
2020 Apr 9, 9:08am
Look it up, homies: the Great Depression did not commence all at once when the Stock Market crashed in October 1929. In the months that followed, the market indices gained back most of what they lost. Sound familiar? Though fancy-pants broker types may have been jumping out of windows already, wide scale unemployment didn't happen yet.
The real asset price collapse and mass layoffs came later, a slower grind in second half of 1931 (when the UK famously went off the gold standard) to 1933.
This party is not even started yet. Just at the invitations-being-sent-out stage.
Party On, Hipsters.
The real asset price collapse and mass layoffs came later, a slower grind in second half of 1931 (when the UK famously went off the gold standard) to 1933.
This party is not even started yet. Just at the invitations-being-sent-out stage.
Party On, Hipsters.
4
Shaman
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2020 Apr 9, 9:27am
Shaman
@
2020 Apr 9, 9:27am
The unemployment is starting first this time. Stock market always leads this sort of thing. The UE numbers are nothing short of horrific. 17million people filed in the past three weeks, that’s 10% of the entire workforce. Instead of producing taxable income, they’ll be relying on the government for lost wages and financial support. And keep in mind that due to extreme pressure on the system, many people who wanted to file haven’t been able to do so. I expect another 6 million next week. And the next week.
It will continue until they reopen the economy. At that point we will have 20-25% unemployment, bigger numbers than the Great Depression.
The populist outcry will be unmatched in American history. The institutions will have to hear and obey or be crushed in a Revolution.
It will continue until they reopen the economy. At that point we will have 20-25% unemployment, bigger numbers than the Great Depression.
The populist outcry will be unmatched in American history. The institutions will have to hear and obey or be crushed in a Revolution.
5
WookieMan
@
2020 Apr 9, 9:59am
WookieMan
@
2020 Apr 9, 9:59am
Shaman says
I think revolution is a bit of a stretch. I think people just say fuck it and open back up their restaurants and businesses regardless of any government BS. At this point, any fines they try to dish out would not make profits negative as people came out of the woodwork. Would just be a extra tax essentially. They WILL not start arresting people in mass quantities. There's not enough jail space. I'm sure there are a few cases of people being arrested or fined, but you can't do that when say 1M people in Chicago just start doing what they used to. This is what I think of as revolution, not sure if that's what you meant.
Pitchforks and torches ain't happening though. Enough people are working and once the stimulus hits, 60-70% of people that lost their jobs will have gotten what they would have in most circumstances. We have to open May 1st though. Otherwise we have my above idea of revolution where people just say fuck it, we gonna do what we want and that's get back to work, go out to eat, etc.
The unemployment is starting first this time. Stock market always leads this sort of thing. The UE numbers are nothing short of horrific. 17million people filed in the past three weeks, that’s 10% of the entire workforce. Instead of producing taxable income, they’ll be relying on the government for lost wages and financial support. And keep in mind that due to extreme pressure on the system, many people who wanted to file haven’t been able to do so. I expect another 6 million next week. And the next week.
It will continue until they reopen the economy. At that point we will have 20-25% unemployment, bigger numbers than the Great Depression.
The populist outcry will be unmatched in American history. The institutions will have to hear and obey or be crushed in a Revolution.
I think revolution is a bit of a stretch. I think people just say fuck it and open back up their restaurants and businesses regardless of any government BS. At this point, any fines they try to dish out would not make profits negative as people came out of the woodwork. Would just be a extra tax essentially. They WILL not start arresting people in mass quantities. There's not enough jail space. I'm sure there are a few cases of people being arrested or fined, but you can't do that when say 1M people in Chicago just start doing what they used to. This is what I think of as revolution, not sure if that's what you meant.
Pitchforks and torches ain't happening though. Enough people are working and once the stimulus hits, 60-70% of people that lost their jobs will have gotten what they would have in most circumstances. We have to open May 1st though. Otherwise we have my above idea of revolution where people just say fuck it, we gonna do what we want and that's get back to work, go out to eat, etc.
Comments 1 - 5 of 14 Next » Last » Search these comments
Your morning briefing..I have 53 years of experience flying on various aircraft (military and civilian) around the world. This includes three take offs and landings from an aircraft carrier deck.
In flying the two nightmare moments are when oxygen masks drop and the pilot shouts out over the intercom:
"Brace for impact!!!"
In all these years flying, I have had a couple of close calls. I have never had the oxygen marks drop or heard those dreaded words above.
I'm friends with Alan Tam. He started life in Hong Kong. He immigrated to the US. He ended up in Pacifica. He opened Tam's Chinese restaurant. Normally I would come in at lunch, have a great plate of Chinese food washed down with a superb Margarita. Alan and I would make small talk. He is a gentleman and highly intelligent. He is not a political extremist or a man who believes conspiracy theories or apocalyptic prophesies.
Today I went to buy a takeout lunch. The food was great as always. I asked for a Margarita to take away with lunch. (The state of California suspended some alcoholic beverage rules to allow alcohol takeaways). Alan claimed that he was not allowed to do this.
We started to talk about his current situation. He made the following comment:
"We are in a great depression right now. It is going to be worse than 1929."
On those words I shall close.
Be careful out there!
Amo-a,
-JackW