/biz/ - Business & Finance

>>18284865

Do people realize most of those people will go back to work after quarantine is over?

>>18284865
>How are y’all coping?

I don't need to. I have a well-paying job in a recession-proof industry and will like come out of all of this in a much better position than other people my age

>>18284881
lol imagine believing this
this is 10x worse than 2008... more leverage, bigger bubble, and now with exponentially higher unemployment

>>18284881
>he thinks he’s going to get his freedoms back

top kek

>>18284898
>recession-proof industry

What do you do

>>18284873
>Having 6.25% of your workforce in alarmed about becoming unemployed, within just two weeks, is nothing

>>18284935

Nurse at a hospital, but it's also in the operating room so it's not a shitty floor nurse job that nobody should ever want to do. Everybody's bodies are still break in some fashion and need surgery

>>18284948

>>18284958
Elective surgeries have been canceled just about everywhere. Nurses and being furloughed and laid off

Nice LARP

>>18284881
>after
>maybe
>MOST of those people
so we are not sure about when, how many and how certain? sick kek

>>18284881
LOL

imagine thinking quarantine will ever be over. This is it now for the foreseeable future, to "save lives" we will indefinitely sacrifice basically all of our freedom and most people will lap it up.

Here in the UK the new laws basically allowing police to do absolutely anything will be in force for two years, and you can bet by then we'll be used to it enough that they can keep it. IN CASE THERE IS ANOTHER PANDEMICCC

>>18284975

Elective surgeries are being cancelled due to the virus, but the virus will be an issue for about four to five more months at absolute most from that perspective. A new great depression will go well beyond when the virus has ceased to become a serious issue. Anyways we've still got surgeries going on in the OR, but obviously at a significantly decreased rate. People are still getting breast cancer, bleeding out of their various orifices, breaking limbs (though less now since people are going out less) and other such things that require quick intervention. OR nurses take a good 10 months to train up with no OR experience so we're valuable enough that none of us are getting laid off. Hell I'm still getting paid for 40 hours even with reduced hours for everyone

think America is in a dire situation? The virus is just hitting the third world and they're about to get fucked

>>18284865
>government literally forces everybody out of work
>WTF WHY IS UNEMPLOYMENT GOING UP

>>18285015
>>18285044

>>18285044
This desu

>>18284865
I'm an independent contractor without a current contract so I filed and without any questions my state is giving me $630 per week for 26 weeks, PLUS I get the $600 per week extra from the covid relief act for the first 13 weeks, PLUS I get the $1200 Trump bucks.
>$23,200 for 6 months of NEETing.

I also applied for the $10k SBA EIDL grant because I'm also considered a "small business".

I think a lot of these people applying are just trying to take advantage like me.

>>18284898
Right here. I'm just working and saving while I watch waiters learn why you don't try to raise a family on a skill less job

>>18285255
>while I watch waiters learn why you don't try to raise a family on a skill less job

To be fair though it used to be that way before the boomers and society in general got so greedy anyone that came after them doesn't get what they and everyone before them got

>>18284865
based and Schiffpilled
Lung Pow is just the needle that popped the bubble.

>>18285255
Those waiters are getting free money while you still go to work. Your salary is essentially worth $45k less per year now.

>>18284865
Fundamentals are solid.
Most people will go back to work shortly.
If this was going to last more than 3 ish months then the governments would not be pumping trillions into the economy.

>>18284873
This.

>>18284948
Niggers and spics have to go.

>>18285603
>pedophile thinks it's a nothingburger
the only one who is going anywhere is you, to a mass grave along with all other pedos.

>>18285578
>It's a nothingburger! That's why governments are throwing everything and the kitchen sink at it!!1

>>18285067
The virus is just a front for the elites to use as an excuse for the inevitable financial collapse which they knew was coming regardless

>>18284881
this desu

>>18285644
This
>>18285578
Feds are pumping trillions into the economy because of this doesn’t pick up by election season trump has zero shot against reelection. If this drags into the summer at all we’re going to see an entire new wave of seasonal businesses that depend on business from May through October get fucked, that’s when things will really get bad

>>18284865
Pretty good, I've got all my money in cash so I'm ready to invest to pick up the pieces
>>18284881
Are you an idiot?
Consider that both businesses and consumers are burning through their savings right now (assuming most of the 10 million aren't on unemployment benefits).
So businesses require a certain amount of liquid to be able to maintain operations. Restaurants need to have enough to buy ingredients and pay for gas and electricity, factories also similarly need to maintain equipment and pay the bills. So assuming that most of the people who just lost their jobs are either from companies that are small and burning their own savings or corporations that don't give a fuck about them (and thus have slower hiring mechanisms), it's going to be some time before any of those businesses can get the liquid they need to start back normal operations again.
But lets say all the businesses DO start up again. Who's going to buy shit? The consumers who just lost all their savings from staying inside all day for 2-3 months? People don't spend money unless they feel secure that they have enough in the bank for an emergency and much of the savings most people are using right now were saved up over the course of years. So people are going to continue to save most of their money for the next several years until they feel like their emergency fund is strong enough.

Just the flu bro

by not being an amerimutt

>>18285067
everything is going to be shut down until there is a vaccine

>>18284865
Great Depression 2.0 began in 2008. It isn't until now that the middle class is affected.

>>18284873
https://en.wikipedia.org/wiki/Normalcy_bias

>>18286940
this.

I’ve never seen so many wrong opinions in one place before.

>>18288068
said the absolute raging faggot who is too scared to share his own obviously correct opinion. fuck off you cancerous shit

>>18284881
I'm sure all those small businesses that had to lay off employees because they couldn't afford them will be just fine 3-4 months from now and hire everyone back.

>>18289374
Why would they not? Government loans to cover any outstanding rent but the businesses are at worst in a state of suspended animation.

>>18284881
Lmao, these jobs won't exist once the quarantine is over dude

>>18289420
Why? I don't get this at all. We all just pick up where we left off.

>>18289435
Everyone's going to go bankrupt, or the government is going to print money to the point of worthlessness. These debt bubbles don't just go on uninterrupted when everyone stops paying.

>>18289481
I have trouble with this. Tax payers get their Trump and Boris Bux to tide them over for a month or two and then back to work.

>>18286841
>People don't spend money unless they feel secure that they have enough in the bank for an emergency and much of the savings most people are using right now were saved up over the course of years
You have no idea what the lifestyle of the average American is, do you?

Also, did you seriously just make an argument for the collapse of business' based on the need to purchase produce and maintain factory equipment when there are no fucking customers and the business' are closed in the first place? You do realize that in order for a restaurant to make food it has to actually be open right? The only thing restaurants are paying right now would be property taxes, and if a business can't go for a month or two without an income because of poor money management they deserve to go bankrupt. Moreover most Americans don't have any emergency savings in the first place, over 70% live paycheck to paycheck.

>>18285044

> Woman refuses to divulge her details to the police

> Is unlawfully fined £800 for it

> This is a right under Common Law and is protected in America under the First Amendment

> Reaction of the average British person: "Support the police, convict her now!"

Legislation has already been passed, with hardly a murmur of dissent, which allows us to be locked up in a mental asylum on the word of a single doctor; and we can be fined £1000 for refusing a coronavirus test. Meanwhile, the police, using drones, are stalking innocent dog-walkers in the countryside, and maintaining checkpoints on the roads. This is now the country we live in; and yet in the comments sections of British newspapers, bootlickers are actually begging for the army to come in and "break the arms and legs" of those who resist the quarantines.

>>18289684
Our only hope is that super Ebola hits us in 2021 and wipes the slate clean.

>>18285080
good riddance.
>>18285086
essentially what trump said during the address today. "no fucking shit unemployment is up, you made me kick everyone out of their jobs you fucking nutbasket."

>>18284865
Cant wait for Spy to jump another 20 points.

>>18290092
>good riddance
hahaha right? fuck those ppl man

>runs out of cobalt
uh oh

>>18289684
Your boomers have completely and borderline irrevocably fucked you. Lions ruined by lambs. Glad the WWII vets didn’t live to see it.

>>18289608
>and if a business can't go for a month or two without an income because of poor money management they deserve to go bankrupt.

this whole series of events is hilarious. how can we be called a "free market" when we can't let all of these shitty overleveraged businesses fail? when the whole point is supposed to be that there is risk to owning a business, and you're supposed to compete based on that risk? i guess there's 0 fucking risk now though because the government will just print trillions of funny money right, hahaha so funny, FUCK. fuck this clown world full of liars and cheaters.

>>18284873
>>18284968

>>18290534
how do we leave the burning house, when the whole fucking world is burning, though?

ALL OF THE PUTS

>>18289523
This process is going to last for over a year. It's fucking over

>>18284881
Some of them will, but lots of them won't because the business they worked for will have restructured or gone out of business.

>>18284881
Based on the replies to this most anons do not.

>>18290534

>>18284948
You guys realize some countries in Europe have like 40% unemployment of young adults?
Few bartenders and freelancers going unemployed in USA is not going to cause shit.

>>18289684
no way even bongs are that retarded
has to be cops posting and upvoting themselves

>>18290971
> the purge of non essential workers is bad for economy
fuck roasties
fuck HR
and fuck niggers

>>18290146
No they needed to be alive to see what they fought for. Fucking traitorous like golem.

>>18284881
found the retard guys

>>18284881
Not until you submit to social health credit system. Get the shot or don't get hired.

>>18284865
>More than 157 million Americans are part of the U.S. workforce (2019)
>10 million workers file jobless claim in just two weeks
OMG IT'S HAPPENING!!!

>>18290789
how about helping to put the fire out?

>>18284968
>Hopes people die just so he can be entertained
lmao literally me

>>18290534
>j-just a few more days and we are back to normal the government told me

>>18291056
>Immediately go from 3.5 to 6.3% in two weeks
>Shutdowns likely to last a few more months
>'Not gonna be a problem!'

>>18291410
Literally nothingburger

>>18284865
hoping we get a new deal 2.0 too

>>18291027
Agreed. The only generation worse than the Boomers were their parents.

>>18291410
>>18291410
The entire country isn’t going to be locked down at the same time. By the time this thing starts becoming widespread in rural America the cities will probably be over it already.

>>18287238
>https://en.wikipedia.org/wiki/Normalcy_bias
>The opposite of normalcy bias is overreaction bias.

>>18284881
This is way of thinking is probably why so many NPCs aren’t worried about the economic consequences of all this. If they had their way, they’d follow Bill Gates’ suggestion that we quarantine for 10 more weeks (bringing us into mid-June). No. We need to set a firm date where we just return to work and cut our losses. The depression will be far worse than the virus. I’m not worried at all about the virus anymore.