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You will get tarred and feathered for your comment but you are correct. Here is why you'll get tarred and feathered, because right now the media is covering th
by apatters 7y ago
You will get tarred and feathered for your comment but you are correct.
Here is why you'll get tarred and feathered, because right now the media is covering the health costs of the virus extensively, but it's not covering the economic costs, which are already unfolding now in the form of businesses dropping vendors and announcing layoffs because their anticipated revenue until further notice is zero.
I've seen so many bros on my feeds who puffed out their chests a month or two ago and said, this virus is not a big deal. Then there were cases in their state and the media was reporting the deluge of new cases in the US and they said oh I was wrong, we need to be on total lockdown, and they're hiding in their apartments.
What will happen next is the jobless claims will come in, which we can clearly predict based on current business activity, and they will break records. I saw one estimate of around 1.5 million jobless claims this week, which is a record. I guess the bros will start squawking about the economic damage in 2-3 weeks once the media has covered this widely and people they know are out of work.
Small businesses (and some large ones too) typically don't have large cash reserves like Google. They also don't know whether this will last for one month or six. So they are in the process today of shutting down and telling everyone to go home without pay, they have to do this until they know what the long-term outlook is.
Nothing changes, most people are sheep, they parrot whatever's in their feed, they are poor at prognostication and self-examination, their attention is occupied by whatever narrative is being shouted most loudly. Nothing you can do.
- jdance 7y agoI noticed yesterday for the first time that there is starting to be some discussion about the damage caused by the lockdowns. Before that I was amazed that no one was interested in even discussing it. So there seems to be a trend of people waking up to it. Thanks for your brave comment. Bros are slow ;)
- sjg007 7y agoTake a pause for 2-4 weeks and reevaluate. Everyone has a 6 month buffer right..? :)