>The common American is being set up for a shock they are not prepared for when they realize that government checks (Universal Basic Income) are barely going to keep them alive, let alone grant them months of paid leisure. I think the awareness of this will hit the general public in around 60 days.
>To reiterate, the supply chain breakdown will go mainstream in a couple months. The stores are sparse right now; they are stretching inventory to fill gap in shelves and limiting purchases on a long list of items to one per customer, but they aren't in crisis mode yet. With the biggest producers of meat products shutting down as well as farms having trouble hiring workers to process produce and other goods.
>The lockdowns caused an initial drop in some prices due to closed restaurants and oversupply, but this is soon to end as supply is about to be destroyed because of lack of production. Economic collapse rarely if ever leads to advantages for consumers; this is a fallacy from the depression era which for some reason is still perpetuated by uneducated economists today.
>The name for this type of event is a “stagflationary crisis” and it is something I have been warning about for years. It means price inflation in necessities while deflation occurs in wages, many assets and some commodities. The oil market is an indicator of these mechanics in action. As oil plunges, the public gets cheap gasoline, but the price collapse also represents a collapse in global energy demand, and thus a collapse in production. A collapse in production leads to less supply, and thus higher prices, and the cycle continue until everything breaks and the populace is reduced to one of two choices – poverty or self sufficiency.
/t. I shorted and they will liquidate me if it keeps pumping.
Ryan Brooks
*** DAILY REMINDER *** THE NEETS WILL INHERIT THE EARTH
THIS IS BULLISH FOR CRYPTO
James Nelson
>the supply chain breakdown will go mainstream in a couple months You gonna back this assertion up with some actual data or just that half-assed story you spun in the last half of your post? Checked This is true, but there will be no collapse.
OP show us the puts your selling! States open up Friday. Nothing burger. Sweden.
Leo Smith
If UBI is enough to pay for food, drugs, and alcohol the average American will be just fine
Brayden Brooks
Nice source faggot
Nicholas Taylor
>ive been warning you for years
these are legit the worst types of posters. the ones who think that oil is tanking because of corona and not because of a cartel jacking out supply in order to corner the market. you cannot bet against world leaders working together to solve a problem.
Hudson White
the US is openig up before the peak has reached. Reality will hit hard whn the america reach 1 million cases on monday. People have their heads in the sand now. You guys have no idea about how ugly things will get. Livestock will get infected and more and more food plants are shutting down.
Carter Wood
I have a year of food and 18 months of expenses without even touching my portfolio. Keep saying the doom though, even a stopped clock gets to be right ... eventually.
6 month til election, US dollar is strong, everyone wants to get strong dollar so they sell to America. poor countries are fucked, Merica will be ok. Everyone is pulling out of foreign markets and investing in the SPY/QQQ. short brazil, long spy.
randomly sampled antibody testing is showing that far, far more people than ever thought already had and got over coronavirus without ever having symptoms, and without ever getting tested before. For example, 21% of new yorkers have antibodies.
What this means is that the mortality rate of coronvirus is FUCKING NOTHING, and that it just looked higher than it really is because they were only giving PCR testing to a limited number of people - the severely symptomatic subset. So of course that's going to make it look a lot worse than it really is. It'd look that bad for influenza if we used those standards too.
There’s small lies, big lies and there’s statistics. I’m a math guy, I can manipulate the numbers to show whatever I want them to show. I’d not want to go against US government nor any of my scrawny nerd colleagues. I don’t know how bad that crap is, all I know is a lot of old boomers are dying and this level of response is unprecedented in the history of civilization, and that tells me all.
