General Discussion

empedocles

(15,751 posts) Wed Aug 12, 2020, 11:15 AM Aug 2020

'Pandemic Depression'

'Let’s call it what it is. We’re in a Pandemic Depression.

https://www.washingtonpost.com/opinions/lets-call...
Aug 09, 2020 · What’s clear is that the Pandemic Depression resembles the Great Depression of the 1930s more than it does the typical post-World War II recession.'

[Just the historic drop in GDP numbers, make clear this is not 'recession' territory].

7 replies

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'Pandemic Depression' (Original Post) empedocles Aug 2020 OP

And... Newest Reality Aug 2020 #1

munchkin was amazed as he said, 'at the tools' available to work with. empedocles Aug 2020 #5

I just drove by the local college stadium where they are handing out food I was shocked at the tetedur Aug 2020 #2

Jobs, rents, utility bills, subsistence foods, hopes, etc., - at risk for the tens of millions. empedocles Aug 2020 #7

Brought to you by Donald Trump and the Republican Party dalton99a Aug 2020 #3

It's a depression when the rich people lose money. Laelth Aug 2020 #4

I volunteer at a satellite food bank for St. Mary's ChazII Aug 2020 #6

Newest Reality

(12,712 posts)

1. And...

Reply to empedocles (Original post)

Wed Aug 12, 2020, 11:19 AM

Aug 2020

It looks to me like the stock market bubble is rapidly inflating. Pump...swoosh...pump...swoosh.

empedocles

(15,751 posts)

5. munchkin was amazed as he said, 'at the tools' available to work with.

Reply to Newest Reality (Reply #1)

Wed Aug 12, 2020, 11:29 AM

Aug 2020

It is true that there is a lot of political support to avoid 'economic problems'.

The question is, can 'they' keep the key market indicators up into November? Can they fool enough of the people enough of the time?

tetedur

(820 posts)

2. I just drove by the local college stadium where they are handing out food I was shocked at the

Reply to empedocles (Original post)

Wed Aug 12, 2020, 11:22 AM

Aug 2020

number of cars in the parking lot.

https://www.katc.com/rebound/coronavirus-money-help/food-distribution-begins-wednesday-morning-at-cajun-field

I've seen the pictures of people in "bread lines" from the 1930's. This is only different in that people are in line in their cars.

empedocles

(15,751 posts)

7. Jobs, rents, utility bills, subsistence foods, hopes, etc., - at risk for the tens of millions.

Reply to tetedur (Reply #2)

Wed Aug 12, 2020, 11:34 AM

Aug 2020

dalton99a

(81,590 posts)

3. Brought to you by Donald Trump and the Republican Party

Reply to empedocles (Original post)

Wed Aug 12, 2020, 11:23 AM

Aug 2020

Laelth

(32,017 posts)

4. It's a depression when the rich people lose money.

Reply to empedocles (Original post)

Wed Aug 12, 2020, 11:29 AM

Aug 2020

We’re not there yet, but I suspect we will be.

-Laelth

ChazII

(6,206 posts)

6. I volunteer at a satellite food bank for St. Mary's

Reply to empedocles (Original post)

Wed Aug 12, 2020, 11:31 AM

Aug 2020

and we have between 24 to 35 families a week. Everyone wears a mask. We have benches at our church that were there since before the pandemic. Folks are able to social distance while waiting to receive their box or boxes. Families of 8 or more receive 2 boxes.

The last three months St. Mary's has been able to give every family 2 boxes per month. So those families of 8 or more can get 4 boxes per month just not all four boxes on the same visit. It's too hot right now but during the winter months the botanical gardens donate produce once a month.

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