Pretty much agree, but where do we hide out?

Is cash safe? Like a broken clock I myself worry about hyperinflation.

What distressed assets should we look to buy?

Welcome back, old timer!

Completely unrelated to the question of the economy… I have much more important question to ask you davelj.

Did you ever settle down with a woman and get married or are you still on self-pilot? Sorry if it sounds a bit rude but life is just so full of twists and turns and after decades of being MIA, I’m just curious how things are. Each of the old timer had a unique personality that I remeber and if memory serves me correctly, a long time ago, both you and NeetaT both were pretty adament about marriage… that’s why I was completely floored when NeetaT showed up again after being months MIA and said “if it wasn’t for my wife I would have long moved out of California” or something like that. I know, I was completely floored because this wasn’t the NeetaT that I remember that posted about his Porsche 911 and women dates. I’m totally happy he found the right person and is such a keeper that he would actually remain in CA for her, clearly not the NeetaT that I remember! And if I remember, you had similar viewpoints and shared a few conversations that were interesting and amusing with a few folks. So I’m curious how you’ve been. I hope you are doing well, happy, and healthy.

Man, it’s good to see some of you old timers coming back. I’ve been lonely here holding the fort. You can or believe some of the new freshman piggs. They are just nuts in what they say….

Now, if only Allan from Fallbrook would come back , I would be pretty content. If by chance you’re still in touch with him , hopefully you can convince him to come back, if at most just briefly. I’m dying here.

Stay healthy and happy old friend.

Cash is perfectly fine, unless we see a repeat of the late 70s stagflation again. We already put in $2T in the last sets of stimulus and the house already passed the a $3T for the next one. But right now, the Senate is holding it up. However, with everything that’s going on right now, if Dems take the Senate and the presidency, I personally don’t think $3T will be the end. I’m liking Bernie/Harris’s $2k/person (up to 3 child) proposal.

Ok, back to financials…. I’ve been thinking about this for some time and I can’t say I disagree that we are due for some correction some time in some sectors. But in every disaster, there’s bound to be some winners as well.

Regarding the riot: it’s my opinion that this is a short term thing that won’t have a huge long term impact, except maybe in the areas were the riots are taking place. But I don’t think these social unrest will continue indefinitely.

Covid: it appears there are large swarms of businesses that will be permanently affected, particularly businesses that require close contact with people. However, there’s got to be some evolution to some other form. Just some examples.

Movie theaters: these were already in a death spiral even before pre-covid. However, covid accelerated the push to online content and stream services. Disney’s push to monetizing their own streaming service outside of netflix or anyone else seems to suggest there’s a huge money opportunity for streaming services, and we are only getting started. So while companies like AMC theaters probably will do horrible moving forward, I’m not convinced the movie industry will contract.

Work from home: there’s a very large population that has been working remotely. And this probably has change the landscape of the work environment. People don’t need to go into an office anymore, it’s more acceptable to have remote employees. This seems to have very large implications. As my own company is experiencing this, I think this is going to seriously make some companies reconsider a need for leasing office space. If most everyone is working remotely or from home, why bother leasing a big office? Maybe moving forward, the WeWork shared office space makes more sense. Meanwhile, people who are working at home…now need a home office. I think this might make people considering upgrading their home. Working from home also opens the door to a lot of new technology that needs to be done. For example, better streaming tech, better security, more tools app for facilitating collaboration, better hardware and software. A lot of work needs to be done here. And look at how this is driving some of the things in the tech sector. Computer hardware spending is going up. Companies like Xoom and Slack are killing it. SnapChat, once thought was going to die, is not suddenly looking not so bad as a communication media. Microsoft is now pushing for their collaborative work environment. We now need higher bandwidth, and this could accelerate adoption of 5G.

My company is in the middle of trying to figure out how to allow some customers open early, and how to implement effective contact tracing without stepping over people’s privacy and violating Hippa. This shit is hard. And there’s no way we are going to be able to solve these problems to allow people to open safely overnight. It’s going to take months/years, and it will continue to evolve.

People think Covid is going to accelerate a recession. I’m not so sure. Maybe manual skill labor job people will be highly affected. But I’m thinking covid is going to force people to spend money to rethink reinvent a lot of way we do business and enjoy our leisure activities in order to survive. Covid was such a sudden and unexpected jolt, no one was really prepared to handle it correctly. So that no money or resources were spent to prepare for it. That money is now being spent, and it’s partly being subsidized by governments because the hit was so large, government intervention was needed. Now, there’s a lot of flurry of activity to see how we can adapt to covid. Some of this will be successful, some wont be. And some new things will come out of this

On the other hand, if covid did not happen, perhaps a natural recession might have taken place, because the economy would have grown stale from lack of growth and lack of new opportunities that covid that has now opened the doors to.

Take biotech/pharma for instance. Covid is driving more research for a vaccine and for early detection. This is a lot of jobs and a lot of money exchanging hands that wasn’t happening pre-covid.

Also, if we continue along with a economic cold war with china, which at this point is probably very likely, we will be preoccupied “arming” this country. We’re already seeing this, by bringing a lot of the work here.

[quote=FlyerInHi]Corona, no anti sky-is-falling miserable loser rant today? I thought you didn’t like any negative prediction.[/quote]

Brian,
Once again , you keep lobbying these personal attacks whenever you get a chance. I have simply stopped responding to any sort of personal attacks as suggested by several of people just so everyone else can see who is the one that instigated these. Clearly it is you.

I don’t know what you mean by loser rant. Im actually pretty happy and was just pointing out MY opinions as everyone else is able to.. I guess it doesnt jive with your thinking, which then triggers you to go low with the personal attacks. You, for the past few weeks seem to have an ax to grind.

I was happy to see OP post because he’s an old timer and some of us have been trying to get some of the old timers to come back. So I just thought pigg was starting to get better again because some of the real old timers were starting to come back… That’s just too bad that you would start pissing all over this thread too…

Sorry if the current environment is impacting you more so than others. I hope it gets better for you Brian…

IMO either it eventually crashes or we become the worlds most generous socialist country that will last maybe a few years before we turn into Venezuela or Argentina.

[quote=ltsddd][quote=scaredyclassic]yeah, but…when?
[/quote]

The signs are there, no one knows for sure when, though.
.[/quote]

Unless something happens earlier to make folks flee, I think it will happen at the end of June, +/- 2 weeks.

Once people see how bad earnings are in a number of industries from the quarterly numbers and starting thinking through that even though we are slowly getting moving again, there will be many companies that don’t make – a minor panic will set in and people will sell. In other words, if you want to beat the rush, you should pull your money out in the next 13 days.

I certainly could be wrong, but that sounds like what is about to happen to me.