Economic Impact of COVID19

Discussion in 'Basketball' started by HawkGold, Mar 18, 2020.

  1. HawkGold

    HawkGold Well-Known Member

    Are any of you being impacted?

    I work in the ag finance sector. Grain and livestock markets have fallen more than they were from the trade war. That has a direct impact on ag finance revenue.

    About 30 percent of farmers were already on the bubble with some bankruptcies already. 30 percent are in good shape. The rest are something in between. We were in trouble anyway, but this pushes things over the edge. Technology is the underlying reason and now the foot hits the pavement.

    Remember when we could put money in the bank and earn 5 percent or better? No money in the bank may actual lose dollars beyond inflation loss. The FED has kept the economy going by putting it on artificial life support prior to this, but the patient just took a turn for the worse.

    My daughter working in day care has been asked to not come in.


    Pls no political arguments.
  2. Ree4

    Ree4 Well-Known Member

    With Johnson county schools closed I'm officially off for 4 weeks and my 5 and 9 year old boys are already driving me nuts
  3. SpiderRico

    SpiderRico Well-Known Member

    tksirius likes this.
  4. Hawkfnntn

    Hawkfnntn Well-Known Member

    I bet.... I can only imagine the logistical pain in the ass it is for families with kiddos to try and navigate this.
    Northside Hawk likes this.
  5. HawkGold

    HawkGold Well-Known Member

    But you get paid? To go nuts?
    chucktownhawk and tksirius like this.
  6. Xerxes

    Xerxes Well-Known Member

    Are those schools preparing for some type of distance learning?
  7. HawkGold

    HawkGold Well-Known Member

    Ours is. In IL the state law doesn't say they gave to attend online, but the school is requiring it. It makes sense but the local school often shoves back on state and fed requirements.
  8. HuckFinn

    HuckFinn Well-Known Member

    I am 74, so very concerned about this virus. The good news for me is that I am retired and in charge of my own activities. So, I can be careful, but there are no guarantees. The other good news for me is that I have a steady, consistent income. I cannot imagine how tough it will be for working people to get through this mess.
    I am frustrated with the slow reactions by our federal government, even to the point where many were in denial about the severity of this virus. The pressure on our health care system at this point is beyond belief. We must work hard to build a vaccine funded by the feds with in kind from our states. And, pharma should not be allowed to make one thin dime of profit. Our taxes will have already paid the bill. Better be free to everyone.
  9. EstronHawkKing

    EstronHawkKing Well-Known Member

    I was talking to a friend of mine on Sunday about this virus. He's a good guy, but one of his first concerns was him worried about his health club closing and not being able to get work out's in. I said you could always go for a nice job outside, it's spring time now.
  10. EstronHawkKing

    EstronHawkKing Well-Known Member

    stay on this site and we'll make it even worse for you:D
  11. tksirius

    tksirius HN's Love Doctor

  12. eledmonster

    eledmonster Well-Known Dog

    I am just finishing about 120 hours of work over the last 10 consecutive days to turn my companies workforce into work from home. Built, configured and deployed 500 laptops in that time. it was not fun and I'm gonna go sleep for a week.
    GoHawks24, Ree4, Xerxes and 2 others like this.
  13. PCHawk

    PCHawk Well-Known Member

    Huck, what is your opinion on self quarantine for just the high risk? My opinion is, if we can get this virus through the low risk quickly, it will be way better for the high risk and the economy. This could be over in a month or two instead of perhaps a year.
  14. EstronHawkKing

    EstronHawkKing Well-Known Member

    I hope the mail and garbage pick up doesn't halt
  15. SteveGarvey1

    SteveGarvey1 Well-Known Member

    I'm doing more push ups. Might carry my daughter on my back to get a leg work out in.
    EstronHawkKing likes this.
  16. haydensly

    haydensly Well-Known Member

    I'm very lucky, my employer mandated work from home. I home office anyway, the only difference is that I can't go out to see clients. I work in the auto industry and it is going to be tough. We are a long way away from the worst of it, for sure.
    As for workouts, I have a workout room in my basement so I won't miss a beat.
  17. HuckFinn

    HuckFinn Well-Known Member

    With a brief time for preparations, I think it would be worth a try. I am doing that at about a 95% level now. No movies, library, restaurants, cancelled trip to Florida, no visits from family or friends. Brief, careful visits to get a few groceries. And, vodka.
    SmokeTownHawk likes this.
  18. SmokeTownHawk

    SmokeTownHawk Well-Known Member

    I know at least in parts of Colorado they are going to a distance learning model.
  19. HawkGold

    HawkGold Well-Known Member

    My bank just closed the lobby. Assessing work from home
  20. 99topdawg

    99topdawg Well-Known Member

    Teacher on spring break right now. Next week, we are doing Zoom sessions for a half hour per class every day. The teachers also have to put in extra time so we don't have to work in July. Even though we're on spring break, I'm still working in the school every day so I'm ready for next week.