Maybe the US has the most resilient economy in a situation like this. It will likely also depend on the length and severity of the outbreak.
Also the fact that the US dollar is a sort of reserve currency around the world will affect it’s value, as we see here.
Remember the time in the last couple years when there was a false warning in Hawaii of a nuclear attack? They said that more people logged onto porn sites than ever. Pretty sad. What people would publicly admit to vs. what they would actually do aren’t necessarily the same.
I’m trying to think what I would do. I’m already at home with my wife and kids, maybe attempt a big squat PR? Not serious.
Yes, the thing that will affect those numbers one way or another is medical treatment. Over here they say they are already running out of ventilators, if they had extra then potentially the rate could be even lower but of course nobody could have expected this situation. Not sure what exactly went on in China, but from what I heard they had a lot of people basically left to die in hospital beds with no ventilators. If that is accurate, then it shouldn’t get much over 1.4%.
I think most resilient would be hard to define. I meant more that the dollar in theory should remain in a decent spot because of it’s reserve status.
I’m also at home with wife and daughter and face time my nieces and nephews every day. Work from home off and on when I want for the most part. Right now it ain’t exactly an awful existence.
I looked it up and the US dollar has gone steadily up since this crisis started. Unfortunately for me, the Canadian dollar went in the exact opposite direction, so most likely prices over here will be high as fuck real soon. We depend on too much imports.
What actually happens with each country’s economies remains to be seen, this is not a normal situation. Schiff sells gold, maybe he is fear mongering to get more sales, but he isn’t the only one talking like that either.
I’m still going to work 2-3 days a week at least, but I don’t mind the change of scenery. At least I’m in a big kitchen and not surrounded by people. My wife is working from home and not enjoying it, but it is what it is.
I went shopping earlier, no toilet paper in sight and only the rice that nobody wants - jasmine, basmati, and brown rice. Frozen fruits and vegetables are in short supply and there are limits on how much you can buy, but just about everything else is still there. Gas is real cheap, despite the Canadian dollar going down. I saw 70.9 cents per litre, at a station that is always higher than elsewhere. For the last while it was around $1.20.
At least you have a good home gym. I am going to buy a bar, some plate, squat/bench stands, and a flat bench today. Probably spending 25% extra on the stuff.
I have been searching. I don’t think I would just go to Walmart and buy plates. I actually found a high end place, with reasonable prices. I probably drop close to 1000 USD today.
Wish I would have bought used plates and such when I could have.
In my area there is a chain of used sporting goods stores called “Play it Again Sports” who have pretty good prices on used plates and dumbbells. Craigslist and Facebook Marketplace are the best, but require patience. On the other hand, with people being out of work, now might be a buyer’s market.
If these Goldman Sachs numbers are close to correct (stop laughing, there’s a first time for everything) then we are facing the worst economic crisis of any of our lifetimes.
I’ll just chalk it up to paranoia from the virus. The last thing we can afford to do now is not trust big banks. In fact I think we should give them a shit ton of taxpayer money! They will keep it safe from the virus and then distribute it to everyone when it’s safe again.