So we have decimated the economy, now what ?

[BOTY]

[Rodnok1]

Hope you have a job not effected or will be cut in the next year or two... Those with high debt will be crowding the bankruptcy courts soon and losing their houses in the next year.
Doubt my son finds a job for a year or two that pays half ass decent unfortunately.
We have zero monthly payments outside of utilities and insurance luckily so if we get laid off we can survive on very little income.
It will be a good time in the next year to pick up stuff people are dumping to free up some cash.
I'm keeping an eye out for a few things.

If complete shutdown would continue much longer it'd be a decade to recover financially.

[Bill]

Originally Posted by Rodnok1

Hope you have a job not effected or will be cut in the next year or two... Those with high debt will be crowding the bankruptcy courts soon and losing their houses in the next year.
Doubt my son finds a job for a year or two that pays half ass decent unfortunately.
We have zero monthly payments outside of utilities and insurance luckily so if we get laid off we can survive on very little income.
It will be a good time in the next year to pick up stuff people are dumping to free up some cash.
I'm keeping an eye out for a few things.

If complete shutdown would continue much longer it'd be a decade to recover financially.

My two largest expenses are taxes and insurance.

[Stevedore]

Things will come back, but will be different. People will continue to consume what they always did, do the things they always did, etc., but I think the means & sources of doing so will change.

Some number of people will have adapted to online shopping and may continue, rather than go back to physical stores. Some favorite places will close forever, but others will take their place.

The guy who does my wife's hair had been talking about retiring for a couple of years, and his business has been slowing anyway, so we're guessing he won't re-open.

We had typically gone out for dinner 2-3 times each week, but I'm finding that I don't miss it as much as I had expected. Who knows if we'll start going out as often again.

[BOTY]

Originally Posted by Rodnok1

Hope you have a job not effected or will be cut in the next year or two... Those with high debt will be crowding the bankruptcy courts soon and losing their houses in the next year.
Doubt my son finds a job for a year or two that pays half ass decent unfortunately.
We have zero monthly payments outside of utilities and insurance luckily so if we get laid off we can survive on very little income.
It will be a good time in the next year to pick up stuff people are dumping to free up some cash.
I'm keeping an eye out for a few things.

If complete shutdown would continue much longer it'd be a decade to recover financially.

My employer dumped 5,500 of us in November.

[BOTY]

Originally Posted by Stevedore

Things will come back, but will be different. People will continue to consume what they always did, do the things they always did, etc., but I think the means & sources of doing so will change.

Some number of people will have adapted to online shopping and may continue, rather than go back to physical stores. Some favorite places will close forever, but others will take their place.

The guy who does my wife's hair had been talking about retiring for a couple of years, and his business has been slowing anyway, so we're guessing he won't re-open.

We had typically gone out for dinner 2-3 times each week, but I'm finding that I don't miss it as much as I had expected. Who knows if we'll start going out as often again.

It is weird how that works, I'm eating fruits and veggies at a rate unknown before. I still try to support our local restaurants as best as I can.

[Aerovette]

Things will be fkd from this day forward because the majority of the people prefer that they be fkd. There is NO NEED for us to accept ANY changes beyond keeping things cleaner, which should already have been the case, but instead, just like the airports after 9/11, everything will turn in to a cluster**** of stupid gyrations we'll need to go through for nothing.

What I see coming:
Little ketchup packets of hand sanitizer on food tables
Tableware wrapped and sealed
No cloth napkins
No laminated menus or possibly no menus at all. Pull up a phone app at the table and order from your phone.
Global warming nuts that lose their minds over plastic bottles will have to figure out how to NOT discuss fkn nitrile gloves EVERYWHERE.
Ridiculous prices to eat out to cover fewer tables.
The demise of movie theaters, bowling alleys, video arcade places (Dave and Buster's for example).
More patio seating.
Longer waits for a table
Special rooms added to restaurants for waiting while still segregating.

The list goes on.

[FLEXjs]

Originally Posted by aerovette

The list goes on.

I've also heard gyms will have limited time and be by appointment only.

As a society we are going full potato.

[DAB]

a whole lot of people have learned the value of having some savings set aside, of avoiding bad debt, of learning what is needed and what is wanted. so hopefully, they will apply these lessons going forward and have a better grasp on what is important and how to set aside some reserve for a rainy day.

true story from long ago: my first job was at a large engineering firm, and there were regular cycles of staffing up and staffing down as contracts got signed and contracts got completed. so every few years you'd hear talk about the next round of layoffs, and who would be let go. so one time, as some of us were talking about this at lunch, we go around and discuss "what will you do if you are laid off?" various answers offered, and they get to me. "well, i'd look for another job" "but what if you can't find one right away?" "I have some money saved up" "how long will that last?" "about 6 years at my current spending rate" "OH"

[Mick]

Originally Posted by DAB

a whole lot of people have learned the value of having some savings set aside, of avoiding bad debt, of learning what is needed and what is wanted. so hopefully, they will apply these lessons going forward and have a better grasp on what is important and how to set aside some reserve for a rainy day.

I forget where I read it, it might have been Dave Ramsey, but might not, but the advice was "never take a loan on a depreciating asset". It's good advice to follow. I think the exception should be a car if it is needed to get you back and forth to work. The car is a depreciating asset, but it enables you to get a regular income.

Something like a boat for weekend pleasure is the perfect example IMO: If you can't afford to buy that with cash, you can't afford to buy it.

[z06psi]

Yup

[MadInNc]

All the low $ people on UI will wait for business to open.

If a Resturant will open, limited seating will drive $ up. Workers, Ft will make more than $15 hr. They tried that last year and flamed.

Welfare will go through the roof, more Democrats will be born w promise of free re-education and food credits.

Healthcare as an Insurance business is gone as work force furloughed is hospital workers. ACA dies to national Welfare.

If ya have money they will bleed ya until you are a sheeple.

Beer me

[JetMechZ16]

Originally Posted by MadInNc

All the low $ people on UI will wait for business to open.

If a Resturant will open, limited seating will drive $ up. Workers, Ft will make more than $15 hr. They tried that last year and flamed.

Welfare will go through the roof, more Democrats will be born w promise of free re-education and food credits.

Healthcare as an Insurance business is gone as work force furloughed is hospital workers. ACA dies to national Welfare.

If ya have money they will bleed ya until you are a sheeple.

Baaaaaa me

Sheeple. ^^^^

[simpleman68]

Originally Posted by MadInNc

All the low $ people on UI will wait for business to open.

If a Resturant will open, limited seating will drive $ up. Workers, Ft will make more than $15 hr. They tried that last year and flamed.

Welfare will go through the roof, more Democrats will be born w promise of free re-education and food credits.

Healthcare as an Insurance business is gone as work force furloughed is hospital workers. ACA dies to national Welfare.

If ya have money they will bleed ya until you are a sheeple.

Beer me

Agreed except I think this will be a push toward the socialist platform.
They've been grooming AOC for several years now for reasons that completely escape me.

What the Hell were her prior qualifications, experience etc? Reminds me of when the name Obama started showing up all over the media. Like, who is this guy?
Scary times ahead....
Scott

[z06psi]

Originally Posted by simpleman68

Agreed except I think this will be a push toward the socialist platform.
They've been grooming AOC for several years now for reasons that completely escape me.

What the Hell were her prior qualifications, experience etc? Reminds me of when the name Obama started showing up all over the media. Like, who is this guy?
Scary times ahead....
Scott

Obama had no qualifications either but became POTUS.

[dvarapala]

Originally Posted by simpleman68

They've been grooming AOC for several years now for reasons that completely escape me.

Nobody's grooming her - her stupidity is entirely self-taught.

[Aerovette]

I wish I would have invested in a plastics company in January. Every damn place I go there are clear plastic walls between me and everything. I'm waiting for them to have them attached to shopping carts like a windshield.

[Loco Vette]

Originally Posted by FLEXjs

I've also heard gyms will have limited time and be by appointment only.

As a society we are going full potato.

Orange Theory (at least my branch) has opened back up. I went yesterday and this morning.
Capacity of 45/class. 14 allowed per class. (1/3 capacity, so each treadmill/weight station/rowing machine only gets used by one person in each class.)
Classes shortened from 55 to 45 min to allow staff to hose down the equipment for each class.
Everyone has to wear a mask (This sucks royally for hardass cardio. I actually got dizzy at one point today from breathing my own CO2.)
You cannot get in more than 5 min before class, and they scan everyone with an infrared thermometer first.

It sux but it's better than nothing.

[simpleman68]

Originally Posted by dvarapala

Nobody's grooming her - her stupidity is entirely self-taught.

To be more accurate, I suppose it is "we the people" being groomed.
Scott

[Aerovette]

Originally Posted by MadInNc

All the low $ people on UI will wait for business to open.

If a Resturant will open, limited seating will drive $ up. Workers, Ft will make more than $15 hr. They tried that last year and flamed.

Welfare will go through the roof, more Democrats will be born w promise of free re-education and food credits.

Healthcare as an Insurance business is gone as work force furloughed is hospital workers. ACA dies to national Welfare.

If ya have money they will bleed ya until you are a sheeple.

Beer me

My mom called the place that she gets her haircut. He has to take appointments only because no one wants to come back to work. He is understaffed because they'd rather get unemployment.

Originally, my position was that a fearful worker should not be forced to go back to work, but I can now see how that was a stupid idea. All it does it give the losers a reason to stay on unemployment...simply say you don't feel safe.

Maybe if your workplace opens, you should only get the unemployment without the $600.00 kicker...or get the $600.00 but no unemployment.