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Post by karlpalaka on Jun 19, 2020 12:10:13 GMT 10
This is our fourteenth week in lockdown. I dont know when it is going to get better. I mean more than 40 million people in the United States lost jobs since March 15. The worst part of this lockdown is the issue with the job market. I wouldn't say they "lost" their job if the job is simply on hold. My brother "lost" his job working at a mental health hospital, but obviously the job will come back when the lockdown is over. Until then he bought a computer with his employment insurance money and is playing video games. I'm honestly not concerned anymore for the economy. During the Great Recession unemployment continued to rise for 18 months, starting from September 2008 and peaking in February 2010. This recession didn't even last 6 weeks before unemployment started to fall back down. Some industries here and there might be impacted but I expect things to return back to normal very quickly once the disease is contained. But over 40 million people in the United States lost jobs within the last three months, and the job market is in a state in which it is really difficult to get job offers, clear interviews, or even get interviews. Yes, this is the worst recession to have occurred since the Great Recession, but we cant really know the outcome, because some people are thinking a second wave is about to occur, and now some places have rising cases, so this is an issue. The basic issue of the lockdown is the tough job market.
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Post by Deleted on Jun 19, 2020 15:16:25 GMT 10
This is our fourteenth week in lockdown. I dont know when it is going to get better. I mean more than 40 million people in the United States lost jobs since March 15. The worst part of this lockdown is the issue with the job market. I wouldn't say they "lost" their job if the job is simply on hold. My brother "lost" his job working at a mental health hospital, but obviously the job will come back when the lockdown is over. Until then he bought a computer with his employment insurance money and is playing video games. I'm honestly not concerned anymore for the economy. During the Great Recession unemployment continued to rise for 18 months, starting from September 2008 and peaking in February 2010. This recession didn't even last 6 weeks before unemployment started to fall back down. Some industries here and there might be impacted but I expect things to return back to normal very quickly once the disease is contained. I'm worried about it taking down the financial system. That's how we are going to get a 10-15 year depression. If society is virtually stopped for 12-18 months, the wave of defaults is going to be catastrophic. Right now, the U.S. government is printing money as fast as it can to prop the stock market up but it won't be able to do that forever. I expect the worst stock market crash in U.S. history to happen within the next six months. The Dow right now should be between 5000 and 9000, not 26000.
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Post by karlpalaka on Jun 19, 2020 15:42:29 GMT 10
I wouldn't say they "lost" their job if the job is simply on hold. My brother "lost" his job working at a mental health hospital, but obviously the job will come back when the lockdown is over. Until then he bought a computer with his employment insurance money and is playing video games. I'm honestly not concerned anymore for the economy. During the Great Recession unemployment continued to rise for 18 months, starting from September 2008 and peaking in February 2010. This recession didn't even last 6 weeks before unemployment started to fall back down. Some industries here and there might be impacted but I expect things to return back to normal very quickly once the disease is contained. I'm worried about it taking down the financial system. That's how we are going to get a 10-15 year depression. If society is virtually stopped for 12-18 months, the wave of defaults is going to be catastrophic. Right now, the U.S. government is printing money as fast as it can to prop the stock market up but it won't be able to do that forever. I expect the worst stock market crash in U.S. history to happen within the next six months. The Dow right now should be between 5000 and 9000, not 26000. The Dow fell to 23000, and like last week, it was around 27000. The highest it was within this past one year was 29000.
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Post by Deleted on Jun 19, 2020 20:18:55 GMT 10
This is our fourteenth week in lockdown. I dont know when it is going to get better. I mean more than 40 million people in the United States lost jobs since March 15. The worst part of this lockdown is the issue with the job market. I wouldn't say they "lost" their job if the job is simply on hold. My brother "lost" his job working at a mental health hospital, but obviously the job will come back when the lockdown is over. Until then he bought a computer with his employment insurance money and is playing video games. I'm honestly not concerned anymore for the economy. During the Great Recession unemployment continued to rise for 18 months, starting from September 2008 and peaking in February 2010. This recession didn't even last 6 weeks before unemployment started to fall back down. Some industries here and there might be impacted but I expect things to return back to normal very quickly once the disease is contained. It's too soon to call, honestly. It's been only 3 months since most countries started taking the pandemic seriously, and in even those 3 months much of the restaurant industry has suffered. I'm not sure what 1-2 more years will do to restaurants, and being in the service industry, that will have ripple effects on ancillary businesses.
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Post by karlpalaka on Jun 20, 2020 14:46:17 GMT 10
I wouldn't say they "lost" their job if the job is simply on hold. My brother "lost" his job working at a mental health hospital, but obviously the job will come back when the lockdown is over. Until then he bought a computer with his employment insurance money and is playing video games. I'm honestly not concerned anymore for the economy. During the Great Recession unemployment continued to rise for 18 months, starting from September 2008 and peaking in February 2010. This recession didn't even last 6 weeks before unemployment started to fall back down. Some industries here and there might be impacted but I expect things to return back to normal very quickly once the disease is contained. It's too soon to call, honestly. It's been only 3 months since most countries started taking the pandemic seriously, and in even those 3 months much of the restaurant industry has suffered. I'm not sure what 1-2 more years will do to restaurants, and being in the service industry, that will have ripple effects on ancillary businesses. And with places like gyms and movie theaters closed, many of the employees working at those places would not be employed right now, unless they were lucky enough to find another job.
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Post by SharksFan99 on Jun 20, 2020 23:16:05 GMT 10
 I feared this would happen, Victoria has experienced a surge in new cases over the past few days and it appears to be seeing the early signs of a potential second-wave. Three people who took part in the #BlackLivesMatter protests in Melbourne have now been diagnosed with the coronavirus, meaning that there are thousands of people out in the community who are unknowingly spreading the virus. One AFL player has also been diagnosed. It's a shame that Victoria, of all states, is the one which is seeing a spike in cases, because I feel as though Daniel Andrews has handled the pandemic better than the rest of the state premiers.
Saturday, 20th June 2020:* As of the 20th June, there are now 8,797,935 confirmed cases of COVID-19 globally. 463,306 people have died from the virus, while 4,655,180 have recovered. * The WHO has warned of a "new and dangerous phase" of the pandemic, with a record 150,000 new cases having been reported globally on Thursday. * Brazil has surpassed 1 million confirmed cases. 49,090 Brazilians have died from COVID-19. * Canada has now surpassed 100,000 cases. * Australia's unemployment rate rose by 0.7 points to 7.1% between April and May, its highest unemployment figure since 2001. * Coronavirus deaths in Mexico have now passed 20,000. * New Zealand has reported two new cases of COVID-19, due to a couple who returned to Auckland on a flight from India. * The United States has had 2,266,693 confirmed cases. Just under 121,000 Americans have died from COVID-19.
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Post by telemelbs on Jun 21, 2020 0:56:38 GMT 10
It's a shame that Victoria, of all states, is the one which is seeing a spike in cases, because I feel as though Daniel Andrews has handled the pandemic better than the rest of the state premiers. i agree with you, but it seems most people I know and on social media are labelling him 'Dictator Dan' lol  Though it does seem his attack on families instead of protesters for the increase in cases is a bit extreme :/
SharksFan99 likes this
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Post by karlpalaka on Jun 21, 2020 3:08:26 GMT 10
This is truly worse than any disaster most of us had lived through.
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Post by Telso on Jun 23, 2020 12:28:20 GMT 10
I've ignored the COVID-related news for a while since it got too mentally draining, so I'm quite shocked to learn we've already reached 9M+ patients in the world  The situation in Brazil is still absolutely catastrophic and is only worsening each day. It's now very probably they will beat the US in number of cases in a few weeks. Europe is slowly recovering from the lockdown, but some people are unfortunately completely irresponsible. And it really pisses me off entirely pointless things like festivals are organized and people just straight-up not caring. A second wave is at this point just inevitable.
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Post by Deleted on Jun 24, 2020 2:11:53 GMT 10
I've ignored the COVID-related news for a while since it got too mentally draining, so I'm quite shocked to learn we've already reached 9M+ patients in the world The situation in Brazil is still absolutely catastrophic and is only worsening each day. It's now very probably they will beat the US in number of cases in a few weeks. Europe is slowly recovering from the lockdown, but some people are unfortunately completely irresponsible. And it really pisses me off entirely pointless things like festivals are organized and people just straight-up not caring. A second wave is at this point just inevitable. You're talking about the midsummer festival aren't you  FWIW, it doesn't look like this disease spreads outside in warm weather very well. The BLM protests have not been a source of infections, and we've had obscene scenes of people breaking social distancing rules outside here and it doesn't seem to have caused a spike. I wouldn't panic just yet.
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Post by karlpalaka on Jun 24, 2020 10:47:47 GMT 10
California is suffering from this coronavirus though, especially the Bay Area.
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Post by SharksFan99 on Jun 24, 2020 16:17:37 GMT 10
I never pictured myself saying this, but i'm actually starting to miss the lockdown (even though it didn't affect me personally). There was noticeably less traffic on the road, less light pollution and in a twisted sort of way, the pandemic has all in all been one huge novelty. Obviously its sad that many people have lost their lives from this, but if i'm being honest, the pandemic hasn't been without its positives as well. It has been interesting seeing how television shows have adapted to the social-distancing laws. The Ellen Show has been so much more enjoyable than it ever had been in the past due to the lack of screaming women. My job was much more laid-back because there was less people dropping their kids off to school and I could always get a parking spot right at the front of the gate. I know things have to return to normal at some point, but the 'old' normal wasn't that great to begin with.
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Post by Deleted on Jun 24, 2020 20:03:12 GMT 10
I never pictured myself saying this, but i'm actually starting to miss the lockdown (even though it didn't affect me personally). There was noticeably less traffic on the road, less light pollution and in a twisted sort of way, the pandemic has all in all been one huge novelty. Obviously its sad that many people have lost their lives from this, but if i'm being honest, the pandemic hasn't been without its positives as well. It has been interesting seeing how television shows have adapted to the social-distancing laws. The Ellen Show has been so much more enjoyable than it ever had been in the past due to the lack of screaming women. My job was much more laid-back because there was less people dropping their kids off to school and I could always get a parking spot right at the front of the gate. I know things have to return to normal at some point, but the 'old' normal wasn't that great to begin with. Yes, the rhythm of work felt much healthier, and honestly I'm wondering if that may have some long-term effects as workers become unhappy with returning to their physical workspaces. Also, there is a second wave coming and I wouldn't be surprised to see WFH becoming the norm in most white-collar industries at least. Granted working with a child at home can be a bit of a challenge, but I have also really welcomed the quality time with my daughter and I know she's been happier with her dad being home during the day.
SharksFan99 likes this
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Post by Telso on Jun 25, 2020 1:32:36 GMT 10
I never pictured myself saying this, but i'm actually starting to miss the lockdown (even though it didn't affect me personally). There was noticeably less traffic on the road, less light pollution and in a twisted sort of way, the pandemic has all in all been one huge novelty. Obviously its sad that many people have lost their lives from this, but if i'm being honest, the pandemic hasn't been without its positives as well. It has been interesting seeing how television shows have adapted to the social-distancing laws. The Ellen Show has been so much more enjoyable than it ever had been in the past due to the lack of screaming women. My job was much more laid-back because there was less people dropping their kids off to school and I could always get a parking spot right at the front of the gate. I know things have to return to normal at some point, but the 'old' normal wasn't that great to begin with. Good for you. The lockdown was nothing but a source of stress, anxiety and social depravation to me. By far one of the most miserable moments of my life.
Cassie likes this
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Post by SharksFan99 on Jun 25, 2020 10:46:44 GMT 10
I never pictured myself saying this, but i'm actually starting to miss the lockdown (even though it didn't affect me personally). There was noticeably less traffic on the road, less light pollution and in a twisted sort of way, the pandemic has all in all been one huge novelty. Obviously its sad that many people have lost their lives from this, but if i'm being honest, the pandemic hasn't been without its positives as well. It has been interesting seeing how television shows have adapted to the social-distancing laws. The Ellen Show has been so much more enjoyable than it ever had been in the past due to the lack of screaming women. My job was much more laid-back because there was less people dropping their kids off to school and I could always get a parking spot right at the front of the gate. I know things have to return to normal at some point, but the 'old' normal wasn't that great to begin with. Good for you. The lockdown was nothing but a source of stress, anxiety and social depravation to me. By far one of the most miserable moments of my life. Well i'm only going by what I personally experienced, obviously my feelings towards it would be totally different had the circumstances been different. I mean, what else can I say, it's not me glorifying it or anything. I'm sorry that it was a terrible time for you.
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Though it does seem his attack on families instead of protesters for the increase in cases is a bit extreme :/
