"When the company you worked for no longer exists it is kind of hard to just get that job back."
If one comapny folds, another will open to replace it. It's how this works.
"Moody's predicts that it could take until 2025 to regain the lost jobs as a result of Covid-19."
I read the Moody's report and that is NOT what it says. It says there is a worst case scenario where that could be true. Sorta like the models that predicted over 2MM may die from CV-19 in the US. Be smarter...
"If this drags on into the summer this will make the housing crisis of 2008 look pale in comparison. This is a global problem where there are no lenders who are safe right now. But, ok, little town soccer is going to flourish."
Hate to break it to you but there were ZERO lenders in 08. That WAS the problem. The capital markets dried up and there wasnt enough capital on the banks balance sheets and other financial institutions to lend. Same as what you are theorizing. The government stepped in an lent to the banks. Just like they are doing with TALF, etc., now. You guys are looking at this in a micro sense. The macro picture isnt as bleak. It's gonna be ugly short term, but if you have a longer horizon (which you should), things will work out.
Obviously soccer is not the major issue now, but this IS a soccer board, so that's what we are talking about....Sheesh
If one comapny folds, another will open to replace it. It's how this works.
"Moody's predicts that it could take until 2025 to regain the lost jobs as a result of Covid-19."
I read the Moody's report and that is NOT what it says. It says there is a worst case scenario where that could be true. Sorta like the models that predicted over 2MM may die from CV-19 in the US. Be smarter...
"If this drags on into the summer this will make the housing crisis of 2008 look pale in comparison. This is a global problem where there are no lenders who are safe right now. But, ok, little town soccer is going to flourish."
Hate to break it to you but there were ZERO lenders in 08. That WAS the problem. The capital markets dried up and there wasnt enough capital on the banks balance sheets and other financial institutions to lend. Same as what you are theorizing. The government stepped in an lent to the banks. Just like they are doing with TALF, etc., now. You guys are looking at this in a micro sense. The macro picture isnt as bleak. It's gonna be ugly short term, but if you have a longer horizon (which you should), things will work out.
Obviously soccer is not the major issue now, but this IS a soccer board, so that's what we are talking about....Sheesh
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