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[LessinSF]

Originally Posted by sebastian_dangerfield

This is not systemic. But it’s like melanoma. Catch it early, 95% cure rate. Let it get past 4 mm depth, 5 year survival goes to 25%.

Ty’s speaking bluntly, but this gets systemic fast. His point is important.

I’m not an economist, but I play one here, and I know loan workouts better than a lot, and this is classic story about bankruptcy. Everything’s slow slow slow and everything’s fine... and then suddenly it isn’t.

This bull market resurgence is a pile of shit even if we find a cure. It’s generated to let the big guys get out and leave the little shmucks holding the bag. I’d wait for this to crater back to 17k and then buy again. Fucking cannibals’ market.

I hope you are right for purely selfish reasons. And as for it being systemic, I may be wrong. I saw this on Reddit today, and he may be right:

Based on your state, your unemployment will be % of your wages. I get $1000 UC(unemplomeynt compensation) every 2 weeks after taxes. Which is about 50% of mine

These payments are good for 6 months. Until a pandemic comes crashing the fuck in. And then, if this is anything like 2008(hint: it's worse), they will extend these benefits for YEARS. In 2008 it was at least 2.5 years of extended unemployment benefits. I should know, I collected it all.

I fucking hate my job and my life. I would gladly sit at home for 40 hours a week making half my paycheck for free. And then donating tendies on top of that with all my free time. Now trumpdaddy is going to give me an extra $600 a week, for 4 months. And they want to push it to 6 months. Guess what, I'll now be making my full wages from home. Their is no fucken way I am going back to work with all these scuzzy ass people spreading corona everywhere.

...

tldr: you can collect 2.5 year of unemployment, with bonus 6 months of additional $600 in trumpbucks during that time. Me, and many people will be chosing free money over working.