4 ms·

The ol "Ominous and severe statement backed by nothing". You gotta love it.

• blaser-waffle 6y ago
  Alright, I'll bite. In my (large, Canadian) city they're predicting 50% or more of the local businesses failing by the end of summer / early-fall -- which isnt' far away. If the current trends continue that number may be closer to 55-60%. Many of the business that re-opened (food, gyms, retail) are getting terrible levels of foot traffic, and several have shuttered after a couple of months of struggling. At first it was mostly local places that were already kind of marginal -- RIP my greasy local pizza place -- but now we've been seeing Starbucks Red Robin, and other chains shutting down their branches. Eventually this is going to start cutting into real estate, ad revenue, and other white collar gigs -- some of the stories I've seen on HN reflect that. There may not be a gigantic explosion in the stock market a la 1929 or 2008, it may just be slowly withering on the vine until you look around and realize everyone is broke. Stocks are still soaring, but 1/4-1/3 of my apartment complex neighbors are unemployed.
  • alexbanks 6y ago
    It's not about biting. You're allowed to feel however you want. It's unproductive and shitty to make drive by vague observations. I'm not even commenting on whether or not the feelings are valid, I'm commenting on the silly behavior that was posting "So far." You have an opinion backed by real data. That's fine. Your post has value and advances a conversation.