100k in NY alone due to the fake fumanchuflu.
the market already bottomed. 18,000 dow jones. It was like 40%.The market is mostly controlled by millionaires and billionaires speculating... And it's not a good economic indicator in situations like this. This is coming from a guy with a Finance degree too.
It will be bad once everything settles. And that's just if things start to go back to normal from this COVID-19 shit.... If we get another spike and things begin to shutdown again, it's going to be game over for the economy. Think of the great depression as a little fart compared to the shitstorm that will take place. Much bigger population, and much more business/economic activity takes place now than 90 years ago. It has the potential of getting very bad for a lot of people.
Although we are the greatest nation on the planet BY FAR, we still are susceptible to a collapse. A lot of people live like ostriches with their heads buried in the ground, and think we are too big to fail. We aren't.
the market already bottomed. 18,000 dow jones. It was like 40%.
I’m sure no one held a gun to the buyer’s head as he wrote the check..
don’t like the price, negotiate or move on to another piece of land..
This is still an ongoing pandemic. That was a 3 year low, not a bottom. Until this pandemic is over and we know the full effects on businesses, you dont know what the bottom is.
As of right now, small businesses are taking a MASSIVE hit. Small businesses still account for most of the business in this country. They are not publicly traded fortune 500 companies like those on the DOW, so it's a bit of a skewed judgement. You cant make an assessment on the entire economy based off of just how the DOW is performing.
Many of those same companies listed on the DOW are also getting massive loans from the government for assistance to keep them in good standing due to the amount of people they employ. A lot of small businesses are not. Again, skewed judgment.
The DOW probably went up because the top companies grabbed a huge market share of what was owned by small businesses.
The stock market is no longer an indicator of the health of the overall economy.are you ****ing smoking? it already happened. market dropped to about 18,000. already at 24k Once we start opening up market is going to jump FAST. After election people are going to realize this whole thing is a political scam.
The DOW probably went up because the top companies grabbed a huge market share of what was owned by small businesses.
I know of more businesses closing than deaths due to kung flu (zero btw)
This is also 100% true. Walmart has seen like a 33% increase in revenue from the same time period last year. They were considered essential and allowed to stay open. Small business, nope.
Those goddamned communist Demonicrats. That's who. In b4 move to poli/SDThese businesses did not, I repeat, did not close because of the chinese virus. Businesses closed because a certain party panicked and put politics ahead of common sense. Businesses could have and should have been open while the virus was here. Trying to destroy the economy was the goal and I hope people remember who caused this mess.
this infuriates me the most
A commercial real estate collapse is coming. Hotels and mall owners are starting to default. The owner of Mall of America and American Dream mall missed their last loan payment. Hilton and Marriott are close to defaulting on several properties in NYC and Chicago. Their stock price is still close to its high though.
I am seeing small businesses close all over the place around me.
I think problems with residential mortgages will hit in 6-12 months once the forbearance programs end.
Those goddamned communist Demonicrats. That's who. In b4 move to poli/SD