FED: Unemployment may reach 30% and a 50% drop in GDP.

Discussion in 'Economics' started by Amun Ra, Mar 22, 2020.

  1. Amun Ra

    Amun Ra

  2. zdreg

    zdreg

    There will be no layoffs of the US most precious workers, those who work for the gov't, federal.state and local municipalities.

    The country is saved. Hallelujah to god.
     
    Axon and FriskyCat like this.
  3. Turveyd

    Turveyd

    so this is going to cause 90x's the amount of people there trying to slightly extend the lives of, to lose there jobs.

    Defo worth it!!
     
  4. zdreg

    zdreg

    All those hedge fund guys who married school teachers will soon be kissing their feet.
     
    cdcaveman and nooby_mcnoob like this.
  5. LOL
     
  6. oh how the tables have turned...
     
  7. bone

    bone

    The Bullard Put.
     
  8. gaussian

    gaussian

    A 50% GDP drop would be a depression right? The question is - will they call it that?
     
  9. Amun Ra

    Amun Ra

    What you really should ask is what comes next...

    The last 2 depressions led to world wars. I could really see this leading to another world war. US with China, Russia with Iran, and then all these smaller countries joining the new Axis or Allies. I can see Venezuela & NK teaming up with China. US making an alliance with Russia if they agree to help with China. Europe will fight with itself because they're retarded over there.

    Just gotta ask...who do you want as Commander in Chief if we have a world war. Trump, or sleepy Joe?

    [​IMG]
     
  10. gaussian

    gaussian

    I don't think we can compare.

    The revolutionary war was due to British control of the colonies and the exploitation of the labor of the colonists (among other things).

    WW1 was caused by a Serbian nationalist assassinating Franz Ferdinand and the subsequent reply from Serbia of "fuck you" when Austria-Hungary issued an ultimatum.

    WW2 was caused as a direct result of WW1. Hitler's rise to power came from the failure of the Weimar Republic and Germany's insolvency in it's reparations because of WW1.

    None of those wars were fought as a result of the depressions.
     
    #10     Mar 22, 2020