Quote:
Originally Posted by Buehler445
So I could be all the way wrong, but I’ve heard an awful lot of noise and I’ll probably look at projections of 30% unemployment with a bit of skepticism. I’m not trying to be a dickhead, but 30% seems pretty wild with unemployment where we are now and other than Boeing and some cruise lines, there isn’t anything I see that is unreasonably unhealthy.
|
The 30% number was quoted by the Treasury Secretary
if Congress did nothing. It’s a high number pulled out of his ass to put pressure on Congress to get something done.
It looks like we have a plan but I think we'll still see a lot of unhealthy companies collapse. 4 mortgage REITs defaulted a few days back. They aren't going to be able to give every restaurant, cinema, etc. shut down right now a loan. Winsteads went under recently
It'll be interesting to see, will people go right back to the movies or other activities the moment this ends? I'm not so sure. Though, I think it helps kids aren't as susceptible from a fear perspective.