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<blockquote data-quote="Up In Smoke" data-source="post: 4414223" data-attributes="member: 79702"><p>If these closures last for three or four more weeks, small businesses will be lost. The ripple effect of people having to put their lives on a credit card will have long lasting financial effects. To date some 100 million people have been ordered home from work and school. If past stimulus action have taught us anything, the money goes to pay down debt. The 08-09 economic event caused 10% unemployment and this one is rumored to take us to or past 20%. Depending how this bill is written will determine how quickly the stock market gets back to pre-virus levels. If the bills are written and bailout will be payed back, similar to the auto bailouts, it will be a long slow recovery. Company's have already announced cutting or eliminating dividends for Q2 and Q3. I believe this is a 2-3 year slow recovery, seriously what airline is going to buy a new plane in the foreseeable future.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 4414223, member: 79702"] If these closures last for three or four more weeks, small businesses will be lost. The ripple effect of people having to put their lives on a credit card will have long lasting financial effects. To date some 100 million people have been ordered home from work and school. If past stimulus action have taught us anything, the money goes to pay down debt. The 08-09 economic event caused 10% unemployment and this one is rumored to take us to or past 20%. Depending how this bill is written will determine how quickly the stock market gets back to pre-virus levels. If the bills are written and bailout will be payed back, similar to the auto bailouts, it will be a long slow recovery. Company's have already announced cutting or eliminating dividends for Q2 and Q3. I believe this is a 2-3 year slow recovery, seriously what airline is going to buy a new plane in the foreseeable future. [/QUOTE]
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