Home Forums Hunting & Shooting Hunter's Campfire When Is The Crash Coming?

Yep! I borrow money from the bank to pay myself a miserly stipend every month.



Sometimes I get to pay interest on the money once I spend it!

Its a pretty sweet gig being the President of the Corporation..............

Plus you get a company snow machine to drive


I'd work for myself, but I decide a long time ago not to work for a$$holes

The workforce has become the welfare force from all the government handouts and won't go back to work in many instances. What Johnson did to the blacks with The Great Society, Trump, Pelosi, and Congress did to the whites and Hispanics. It's turned the country into a socialist nation that will demand a livelihood from "the man".

There will of course be exceptions and a few new fortunes made from all this, and the traitorous social media will thrive and continue brainwashing the the Twitter Facebook Youtube morons. You know, the under thirty-five idiots who think it's normal. In a few short months China has destroyed the American work ethic. Kids are not immune, either. Far too many formerly average to good students are not doing their schoolwork and are no longer going on line to their classes. Parents are failing them at a catastrophic rate. Today's parent is a product of the socialist public schools and universities.

After the Republicans tank bigly this fall, and the democrats in Congress and State Houses become demigods and dictators our entire economy will do a tectonic shift. The new growth industry is now government printing. Welcome to New Venezuela.

Haha! No kidding. My boss drinks too much and gets owly once in a while.



Hasn't snowed since I bought the stupid thing...........

If you aren't employed and are getting 850.00 a month you're doing good.

I don't think there will be a real "crash" (in terms of the stock market), rather there will be continual stream of downward Dow and S&P indexes. Any full recovery will take years (perhaps 5-8). Here are my thoughts:

- We've already seen the steep decline in employment and the market reacted (low point on March 23).
- In the second and third quarters, we'll see bankruptcies and cutbacks in capital investment. Reality will be driven home.
- It will take the wide-availability of an effective vaccine for most to feel safe for normal association (social and work),
- The average time for vaccine development is 10-15 years, the record is four years; some are never developed (HIV vaccine development has been ongoing for 40 years and has yet to be developed) . Why is this situation any different?
- Many micro-small businesses (restaurants and shops) will permanently close; their employees will spend a long time finding new work and spending very little).
- Larger companies (airlines, hotels, manufacturing) will file for Chapter 11 bankruptcy, thus not paying currently-owned debts and affecting other companies.
- State/local funded non-essential services (Fish and Wildlife, parks, sports) will be curtailed due to the lack of tax revenues. States will experience severe effects.
- As the economy re-opens (as it is now doing), there will certainly be a resurgence of infection rates, new hot-spots will emerge.
- The death toll (currently at 84,000+) will likely double by the end of the summer, new infections may call for renewed shutdowns thus negating any recovery.
- Some who become infected and recover will suffer long term consequences with respiratory and organ damage; putting stress on the medical system.

All these factors and some yet to be experienced will weigh on investor sentiment; any major recovery will take years.

This is definitely true and that is a good attitude to have. However a lot is going on at the political level. Democrats are trying to postpone the opening as long as possible so that the economy will not have started to recover by the election. This is the basis for Peloski's 3T spending bill. Keep paying workers so they won't have to go back to work. It will take a couple months for things to really start turning around.
They have given up on trying to beat Trump. Biden may or may not be the candidate but they are not going to put forth someone like Gavin Newsome. They are saving him for 2024. Democrats are concentrating on the House and Senate races. Until now and the election things will continue pretty much as they are. Democrats will keep trying to find something to use against Trump and Trump will increase his attacks on the Democrats. RINO's will keep the Republican party from fully supporting pro-Trump candidates for the House and Senate. The crash will come if the democrats take control of the Senate and keep control of the house.

Excellent assessment. You forgot to mention the rise of China. The world will forget what they did to it, just as we forgot about 9/11 and its lessons.

Damn you're a real ray of sunshine.

Plus you get to sleep with the boss' wife.

IMHO, you were a little quick on the throttle there.

I removed all late fees completely, and am allowing tenants to pay rent in chunks throughout the month. A couple have gone into the next month, but almost all are staying within the 30-day window. I stay in touch with almost all of them on almost a weekly basis.

Have 1 more mortgage to make this month. As far as I'm concerned, that makes me golden. In my perception after over 20 years doing this, cash flow is king and battles are fought and won one month at a time right now. Any information or policy over 30 days old is, well, old. Plus, I don't lead a lavish lifestyle, nor live beyond my means.

My rents are under market to begin with and all my places are nice and well kept. People want to live there.


Good luck to you and your wife, 2legit.

I wish someone would tell her that......

DJS trying to justify the lockdown.....

Just a slow steady climb up out of the shut as long as democrats are not elected.

When the boomers get too old to keep kicking their can down the road.

This is my guess. We've seen the worst. Some are at the worst, some are recovering. That is, we've seen the worst UNLESS .. unless it returns this fall/winter when cold/wet weather drive people to concentrate indoors. In that case, which is what we see with the seasonal flu, we might see a return to lockdowns, etc., and if we do, it's going to hit harder because we'll still be recovering from the first economic hit. I think a careful balance of optimism, but caution, is called for.

Tom

Jim

I bet you have a $65,000 1/2 ton pick up in your drive way

How do you screen your renters?

I think he works for CNN.