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hoolstoptheheels

Joined: 01/04/2001 Posts: 26982
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What's this?

Poor. Best you can say is that it’s marginally less poor than some

Anticipated, but it’s early days. Since none of us have been through pandemic-led economic shutdowns before, crystal balls are cloudy. One current projection I saw yesterday - bankruptcy filings will be so numerous the courts will have trouble keeping up.

Next up - how much will economic activity bounce back from reopenings in these conditions? Fingers crossed.

(In response to this post by RML Hoos)

Posted: 06/23/2020 at 08:00AM

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Current Thread:

News you can use II: Play at home version. Answer this question, -- Lazarus 06/23/2020 07:27AM

LOL. Your opinion is not news Laz. It's pathetic.** -- hoothat 06/23/2020 09:18AM

Interestingly we did reduce poverty in April and May -- WahooMatt05 06/23/2020 07:58AM

A lot of people in the lower income brackets are better off right now -- wahoo138 06/23/2020 08:22AM

Which of course is a significant factor in the high UE rates -- Moneyshot 06/23/2020 08:50AM

Another thing maybe worth considering, these people are putting that money -- wahoo138 06/23/2020 09:20AM

Maybe. But maybe allowing these people to have money to spend -- Shenhoo 06/23/2020 09:16AM

A different point, but I don’t disagree -- Moneyshot 06/23/2020 09:25AM

Good or poor as compared to what? Poor as compared to last year at this ti -- RML Hoos 06/23/2020 07:42AM

Poor in the absolute sense works when unemployment is where it is. -- hoolstoptheheels 06/23/2020 07:52AM

Something like 300,000 New Yorkers will be going back to work with Phase -- Tuckahokie 06/23/2020 07:57AM

Well that’s assuming customers come back ** -- 111Balz 06/23/2020 08:45AM

Yay! We’re saved! Thanks, Andrew.** -- WaxHoo 06/23/2020 08:40AM

Let’s hope. But job losses continue as well, so who knows what the net -- hoolstoptheheels 06/23/2020 08:03AM

UE will def not go down. It really was over 16% in May. The numbers were -- Lazarus 06/23/2020 08:00AM

So poor compared to some historic average, then agreed, yes. -- RML Hoos 06/23/2020 07:54AM

Well, I did not expect - What shape is the U.S. economy in currently? - To -- Lazarus 06/23/2020 07:47AM

I think bad as in recession and historically high unemployment ** -- 111Balz 06/23/2020 07:46AM

Not to mention the pre-pandemic economy which -- Hoobedoobedoo 06/23/2020 08:21AM

Yes, of course that is bad. But, from all I have seen, it isn’t nearly as -- RML Hoos 06/23/2020 07:50AM

Poor. Best you can say is that it’s marginally less poor than some -- hoolstoptheheels 06/23/2020 08:00AM

I really don’t know what those indicators are. Things are bad -- 111Balz 06/23/2020 07:53AM

Well, we don’t have the 33% unemployment rate some predicted. Jobs are -- RML Hoos 06/23/2020 08:02AM

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