So that number is really good for February, the March numbers are going to be a kick in the crotch. It wasn’t Coronavirus that did this though, it was all the shelter in place and shutting down of businesses. Best case scenario is if January and February were enough to offset the damage in March maybe GDP growth remained above 0% in Q1. It will certainly be negative in Q2 but that gives us a chance to get back positive in Q3 and avoid entering a recession. If that happens Trump managed to dodge one of the greatest economic disasters ever.
we do business for companies and restaurants selling donuts and icings. $3B/yr family run business. Lots of placing we do business with are shutting down and cancelling orders. We're shutting down 3/4 of our plant and doing away with 3rd shift and I most likely won't have 40 hours after next week.
Not all places are doing ok, and as we're usually 6-10 weeks out even if it gets fixed now I won't have a steady check for several months. I hope this gets fixed soon, but I'm pretty cynical.
That’s the report from a couple of weeks ago. The number today could be ugly. You’ve had a government mandated shutdown and business owners do not have an infinite well of money to pay people, unless you’re the Fed. All the more reason to try to see what parts of the economy can be opened up by Easter. The claims should be temporary and short hopefully, followed by a roaring consumer comeback once everyone gets out of the house again.
This is totally misleading. The numbers in this article are from February, before businesses started closing. The numbers for March will be much, much worse.
I think the numbers for March/April will be historically bad, but hopefully it's very short lived and then a big bounce back with very little long term damage.
That number is for last month. EXCELLENT and should be a good indicator for how business will roar back after the Wu Flu is done with, but it's not current numbers.
It’s not over until it’s over, but it’s looking better thanks to the administration’s fast actions. While some argue stocks are overpriced due to buybacks, it’s only by 4% - stocks may have been a bit high, but are now at historic lows - sharks are buying, active funds are buying. Unemployment will rebound but it may be slow in some sectors. When this is over, people should celebrate (if they have the disposable income) at some local restaurants and bars. I am defiantly buying a few more guns, extra ammo, buying supplies and making a reasonable emergency prep kit, and adding a bottle of good whiskey to the kit, adding a few to my shelves, and opening one right away.
So that number is really good for February, the March numbers are going to be a kick in the crotch. It wasn’t Coronavirus that did this though, it was all the shelter in place and shutting down of businesses. Best case scenario is if January and February were enough to offset the damage in March maybe GDP growth remained above 0% in Q1. It will certainly be negative in Q2 but that gives us a chance to get back positive in Q3 and avoid entering a recession. If that happens Trump managed to dodge one of the greatest economic disasters ever.
we do business for companies and restaurants selling donuts and icings. $3B/yr family run business. Lots of placing we do business with are shutting down and cancelling orders. We're shutting down 3/4 of our plant and doing away with 3rd shift and I most likely won't have 40 hours after next week.
Not all places are doing ok, and as we're usually 6-10 weeks out even if it gets fixed now I won't have a steady check for several months. I hope this gets fixed soon, but I'm pretty cynical.
You people stay safe out there.
That’s the report from a couple of weeks ago. The number today could be ugly. You’ve had a government mandated shutdown and business owners do not have an infinite well of money to pay people, unless you’re the Fed. All the more reason to try to see what parts of the economy can be opened up by Easter. The claims should be temporary and short hopefully, followed by a roaring consumer comeback once everyone gets out of the house again.
This is totally misleading. The numbers in this article are from February, before businesses started closing. The numbers for March will be much, much worse.
I think the numbers for March/April will be historically bad, but hopefully it's very short lived and then a big bounce back with very little long term damage.
OP, your headline/post is misleading. We haven’t got the data yet to arrive at the conclusion you’re suggesting. This is literally “fake news”.
Lol...just no, dude. I mean no offense. This is going to hurt, badly.
Just promise to use lube.
Demand for some products is high...I predict when this is over economy will roar back
That is a February report, March report will be much more revealing.
Ohio is gonna be hurting, I've heard of lots and lots of layoffs all around me. One of my customers said he had 100 or more walkins looking for a job.
Fuck dewine, fuck Amy Acton, fuck democrats, and fuck chyna
SELF-INFLICTED RECESSION
Published March 6.
That number is for last month. EXCELLENT and should be a good indicator for how business will roar back after the Wu Flu is done with, but it's not current numbers.
The March report is going to be an absolute horror show.
It’s not over until it’s over, but it’s looking better thanks to the administration’s fast actions. While some argue stocks are overpriced due to buybacks, it’s only by 4% - stocks may have been a bit high, but are now at historic lows - sharks are buying, active funds are buying. Unemployment will rebound but it may be slow in some sectors. When this is over, people should celebrate (if they have the disposable income) at some local restaurants and bars. I am defiantly buying a few more guns, extra ammo, buying supplies and making a reasonable emergency prep kit, and adding a bottle of good whiskey to the kit, adding a few to my shelves, and opening one right away.