Latest Coronavirus - Yikes

#77,226
#77,226
hog88 said:
If the lock downs had been nationwide and extended another 30 days, yeah that is where we would be. How long can the average person go without a paycheck and still feed/house themselves?
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Again, that’s hyperbole. You’ll have to prove that.
 
#77,227
#77,227
OHvol40 said:
Again, that’s hyperbole. You’ll have to prove that.
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How in the hell can I prove that? How many unemployed Americans do you think there would have to be to kick off another depression?

It's a cascade effect and we still haven't felt all of the pain we are going to feel from the shut downs and closures.
 
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#77,228
#77,228
hog88 said:
How in the hell can I prove that? How many unemployed Americans do you think there would have to be to kick off another depression?

It's a cascade effect and we still haven't felt all of the pain we are going to feel from the shut downs and closures.
Click to expand...
It’s amazing to me how many people don’t realize that the economic fall out has yet to hit. The money the Fed dumped in to both public and private sector ends at some point. It’s a house of cards right now.
 
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#77,229
#77,229
Pence's former lead coronavirus task force aide slams Trump and endorses Biden in new video

A former top aide to Vice President Mike Pence assailed President Donald Trump's response to the pandemic in a new video Thursday, adding to the growing list of former Trump administration officials who have criticized the President and, in several cases, endorsed his Democratic opponent Joe Biden.

Olivia Troye, who was a homeland security adviser to Pence and his lead staffer on the White House's Coronavirus Task Force, charged in the two-minute video that Trump failed to protect the American public because he only cared about himself and getting reelected. Troye's criticism is particularly striking because of her role working on the coronavirus task force, which Pence leads.

"Towards the middle of February, we knew it wasn't a matter of if Covid would become a big pandemic here, it was a matter of when," said Troye, who left the White House in late July. "But the President didn't want to hear that, because his biggest concern was that we were in an election year, and how was this going to affect what he considered to be his record of success?"

At one coronavirus task force meeting, Troye claimed that Trump suggested "maybe this Covid thing is a good thing."

# # #

Yet another top insider confirms what every sober, intelligent American already knows: Trump Sucks.
 
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#77,230
#77,230
volfanhill said:
It’s amazing to me how many people don’t realize that the economic fall out has yet to hit. The money the Fed dumped in to both public and private sector ends at some point. It’s a house of cards right now.
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I'm afraid of hyper-inflation due to the insane amount of federal spending. If this happens, a Venezuela style financial collapse could occur.
 
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#77,231
#77,231
volfanhill said:
It’s amazing to me how many people don’t realize that the economic fall out has yet to hit. The money the Fed dumped in to both public and private sector ends at some point. It’s a house of cards right now.
Click to expand...

My wife is having a terrible time at her properties collecting rent. People don't pay their rent yet expect the AC or an appliance to be repaired ASAP, the front gate to be fixed the landscaping to be done, the pools to be cleaned ext. People just don't have a freeking clue on how intertwined our economy is.
 
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#77,232
#77,232
hog88 said:
How in the hell can I prove that? How many unemployed Americans do you think there would have to be to kick off another depression?

It's a cascade effect and we still haven't felt all of the pain we are going to feel from the shut downs and closures.
Click to expand...

Exactly, how can you prove it?
 
#77,236
#77,236
volfanhill said:
It’s amazing to me how many people don’t realize that the economic fall out has yet to hit. The money the Fed dumped in to both public and private sector ends at some point. It’s a house of cards right now.
Click to expand...
I’ve been looking at houses on Zillow lately and the amount of pre-foreclosures starting to pop-up is concerning.
 
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#77,241
#77,241
hog88 said:
My wife is having a terrible time at her properties collecting rent. People don't pay their rent yet expect the AC or an appliance to be repaired ASAP, the front gate to be fixed the landscaping to be done, the pools to be cleaned ext. People just don't have a freeking clue on how intertwined our economy is.
Click to expand...

Thanks to Trump's BS, federally backed mortgage holders can't evict non payers.

Brilliant. Why pay?
 
#77,243
#77,243
hog88 said:
My wife is having a terrible time at her properties collecting rent. People don't pay their rent yet expect the AC or an appliance to be repaired ASAP, the front gate to be fixed the landscaping to be done, the pools to be cleaned ext. People just don't have a freeking clue on how intertwined our economy is.
Click to expand...
Thanks for reminding me that my decision was a good one when I sold all rental property and invested in 2 vacation houses.
 
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