Recent Posts

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21
Open Discussion / Re: Coronavirus COVID-19
« Last post by Perspective on March 27, 2020, 08:07:13 AM »
>Canada promised 2K to every taxpayer for every month we're in this thing.

Yeah, for everyone that has lost all income. It's nice that anyone can qualify, even if they don't qualify for EI. This means contractors and self-employed people too who haven't necessarily been paying into the EI program.

My wife has probably lost about half of her income, which really sucks. She is still making some money so she doesn't qualify for the government help.
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Open Discussion / Re: Coronavirus COVID-19
« Last post by micah on March 26, 2020, 11:03:38 PM »
yeah, too little too late.
I mean, don't get me wrong, I'll take the money.  But even the patriots have a better chance of rebuilding in the next year than our economy does.

So many business are closing and so many will never reopen.  They just can't.  Even major chains, like The Cheesecake Factory, said they don't have the cash flow to make rent on their locations.  Other dining chains that were allowed to stay open for take out are closing anyway (like Red Robin) because it's not worth staying open.

My girlfriend works for a regional chain of hardware and pet stores.  They're allowed to stay open as they provide necessary consumer commodities...but after everyone stocked up the first week, business is way way way down.  On top of that, they decided to do curb-side pickup instead of having foot traffic in store.  The cost of paying employees, in some locations, exceeds the net income to the store.  My girlfriend, who can see all stores real-time sales figures, said that one store GROSSED less than $1,000 a day this week.

When this is all over, the survivors are going to be the mega corporations that were allowed to remain open and could handle the costs associated with doing business during the pandemic.  Walmart, Target, CVS, Walgreens, Amazon... they all have CEO's on the presidential task force and they're all actually staffing UP and giving raises and bonuses to employees (as they should)--- all the while, smaller chains simply can not compete. 

Retail margins are low - restaurants are even lower.  I don't see our local "country dinner" (thats the name) which closed last week ever reopening.
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Open Discussion / Re: Coronavirus COVID-19
« Last post by ober on March 26, 2020, 10:25:25 PM »
Seems like most countries are doing it and most of them are more aggressive than us.  Canada promised 2K to every taxpayer for every month we're in this thing.  From what I heard the US version is a one time deal.  I don't think it will prevent a depression.  Too much has been lost already.  It will take a while to make that back up.
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Open Discussion / Re: Coronavirus COVID-19
« Last post by Jake on March 26, 2020, 09:50:05 PM »
what do you guys think of the stimulus/emergency bill that looks like it will be passed shortly? Who will we borrowing from to make it happen? we need it, that's for sure - but will it stop a depression? how many more bills like this can we afford?

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Open Discussion / Re: Covid-19 mental health check-in
« Last post by Jake on March 26, 2020, 09:44:27 PM »
how is everyone doing? I'm feeling much better; much less anxious. I think the thing that did it was to limit listening to the news. I read a few things in the morning and then just look at news snippets on youtube in the afternoon. Also, I have a ton of work all of a sudden. I've been busier these past 3 or 4 days than I have been in a while. this is a good thing though.
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Open Discussion / Re: Coronavirus COVID-19
« Last post by Jake on March 26, 2020, 12:55:39 PM »
Not sure why that's a holy cow... people are getting laid off everywhere.

The numbers are staggering. And in such short time. That graph is an awesome visualization. So yeah, holy cow!
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Open Discussion / Re: Coronavirus COVID-19
« Last post by ober on March 26, 2020, 12:29:26 PM »
Not sure why that's a holy cow... people are getting laid off everywhere.
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Open Discussion / Re: Coronavirus COVID-19
« Last post by ober on March 26, 2020, 11:11:01 AM »
That is wildly interesting.  Thanks for sharing that!
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Open Discussion / Re: Coronavirus COVID-19
« Last post by Perspective on March 26, 2020, 10:42:59 AM »
Cool visualization.

Part II is going to much more sad :( 
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