11–20 of 71 posts
Can't afford food? Between food stamps and eating for $1.50/day (source- https://efficiencyiseverything.com/eat-for-1-50-per-day-layo... ) I don't think the problem is the cost of food. Rent, sure. Health insurance, sure. Food? Not the major expense, especially with food stamps.
Im sure someone on HN has explained this before, but why are the markets steady and rebounding when the actual state of the US economy is so dire?? I've been waiting on that promised $1200 check for 2 days shy of an entire month now, and every day that passes I see another bar or clothing store or furniture outlet with boards up on the windows.
Because everything anyone involved in the markets has ever told you is a complete lie.
Can't afford food? Between food stamps and eating for $1.50/day (source- https://efficiencyiseverything.com/eat-for-1-50-per-day-layo... ) I don't think the problem is the cost of food. Rent, sure. Health insurance, sure. Food? Not the major expense, especially with food stamps.
Earlier quoted context omitted.
> you know that this too shall pass and things will go back to normal. No, we don't. Who knows if this coronavirus will ever truly go away? What will the new "normal" be like when—if—things truly settle down. Surely our world will be forever marked by this event.
I wonder if people in 1918 thought the same thing. And then the only impact the Spanish flu had on me was it was mentioned in passing in outdated middle school "social studies" books.
I suspect shutting down such broad swathes of the economy is unprecedented even in wartime. Nobody has any idea what we are toying with here or what happens next. It wouldn't be surprising if everything worked out well, and it isn't unthinkable that this ushers in the worst decade of chaos and suffering in the last 200 years. The economy is the most complicated machine we have and nobody knows what it is doing right…
Where in the world do you all come up with these statements?
I suspect shutting down such broad swathes of the economy is unprecedented even in wartime. Nobody has any idea what we are toying with here or what happens next. It wouldn't be surprising if everything worked out well, and it isn't unthinkable that this ushers in the worst decade of chaos and suffering in the last 200 years. The economy is the most complicated machine we have and nobody knows what it is doing right…
Im sure someone on HN has explained this before, but why are the markets steady and rebounding when the actual state of the US economy is so dire?? I've been waiting on that promised $1200 check for 2 days shy of an entire month now, and every day that passes I see another bar or clothing store or furniture outlet with boards up on the windows.
Another possible explanation is that we're currently print a lot of money without producing much stuff. So, inflation should be happening, right? But people can't really consume any goods or services. And so it's the prices of investments that gets inflated. (this explanation is a bit more iffy to me though than the first)
Im sure someone on HN has explained this before, but why are the markets steady and rebounding when the actual state of the US economy is so dire?? I've been waiting on that promised $1200 check for 2 days shy of an entire month now, and every day that passes I see another bar or clothing store or furniture outlet with boards up on the windows.
I suspect shutting down such broad swathes of the economy is unprecedented even in wartime. Nobody has any idea what we are toying with here or what happens next. It wouldn't be surprising if everything worked out well, and it isn't unthinkable that this ushers in the worst decade of chaos and suffering in the last 200 years. The economy is the most complicated machine we have and nobody knows what it is doing right…
> worst decade of chaos and suffering in the last 200 years Where in the world do you all come up with these statements?
Earlier quoted context omitted.
> you know that this too shall pass and things will go back to normal. No, we don't. Who knows if this coronavirus will ever truly go away? What will the new "normal" be like when—if—things truly settle down. Surely our world will be forever marked by this event.
I wonder if people in 1918 thought the same thing. And then the only impact the Spanish flu had on me was it was mentioned in passing in outdated middle school "social studies" books.