Muh Muh Muh My Corona (virus)

UK government extends lockdown for at least three more weeks

 

My view is colored by my economics degree. Let's not forget supply and demand. The unemployment comes because the demand for their services dried up. Now let's remember why that demand dried up. Its not because some change in habits evaporated the demand for the long run. Yes the demand is not going to miraculously jump up immediately but in the long run the fundamental demand has not gone away. The question is how to get those factors back that created that demand.

 

Is he visiting the Twin Cities?

 

Agree. People want to do things like take a trip somewhere, buy clothes, see a movie or any of a number of things, but they just can't. When we open up, people will want to buy new clothes or make other entertainment or necessity purchases. The question is will the loss of jobs curtail a rebound in demand because consumers can't afford it? And then there will be some businesses that won't survive the prolonged shutdown. But we'll have to ramp up production and distribution, so that could provide jobs. We'll see.

 

This is either a bald faced lie (my take) or he's so ignorant that it is criminal that he's in that office.

 

My thoughts exactly.

 

Catastrophic but likely never to be known real national unemployment figures that could as much as double with uncounted gig workers, undocumented, part-time, self-employed, etc. Only beginning to see the cascading layoffs, bankruptcies, forced mergers, and shutdowns to come. It'll be years until spending rebounds.

 

"Kentucky ottah be kicked outta the SEC for this, PAWWWWWWWWWL!"

 

If they try it again, hit 'em with water cannons.