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Re: [OM] Upbeat reading...NOT!

Subject: Re: [OM] Upbeat reading...NOT!
From: Charles Geilfuss <charles.geilfuss@xxxxxxxxx>
Date: Fri, 3 Apr 2020 16:14:12 -0400
Hopefully the Federal direct cash payments and unemployment insurance will
hold that off. The Feds can print money all they want in the short term.

Charlie

On Fri, Apr 3, 2020 at 4:10 PM Chris Trask <christrask@xxxxxxxxxxxxx> wrote:

>      I'm actually more concerned with societal breakdown in the next
> couple of months when people run out of funds to buy food.
>
> >
> >Pretty disconcerting. The disaster I see unfolding concerns the bottom 25%
> >of wage earners in this country who live paycheck to paycheck and have no
> >savings to fall back on. What happens when we come out of this and they
> are
> >2-3 months behind in rent, car payments, car insurance, etc.? A wave of
> >evictions, repossessions? This could get very ugly.
> >
> >
> >> Fareed Zakaria in the Washington Post
> >>
> >>
> https://www.washingtonpost.com/opinions/global-opinions/this-is-just-the-first-in-a-series-of-cascading-crises/2020/04/02/45e8cc52-7510-11ea-87da-77a8136c1a6d_story.html
> >>
> >
>
> Chris
>
> When the going gets weird, the weird turn pro
>      - Hunter S. Thompson
> --
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