Absent more gov't/fed intervention July and August should be an economic catastrophe: - covid cases spiking - Extra $600/week unemployment ends July 31 - PPP 2.5 months salaries will have been all paid out by end of July - 2 quarters of estimated taxes and 2019's due July 15
-
Show this thread
-
Fwiw, most peoples' unemployment (the regular payment, not including the $600/week) will run out in October. If we think protests are bad now, let's see August.
1 reply 0 retweets 5 likesShow this thread -
I'm confused by the idea that our economy is going to bounce right back. Multiple industries are on life support. Will take a long time to recover. - Anything in an arena - Cruise - Air - Hotel (airbnb doing okay) - Restaurant - Retail More I'm not thinking of I'm sure...
2 replies 0 retweets 5 likesShow this thread -
Replying to @Pete21083 @Molson_Hart
shows that biggest retailers are seeing strong consumer demand.
1 reply 0 retweets 1 like -
Replying to @Pete21083
I have some counterpoints: 1. Dunkin doesn't hire. Their franchisees do, so I'm unclear how that would work 2. 1 amazon warehouse worker can ship what 10 retail employees sell 3. Walmart/Kroger/DG are all grocery retailers. This is more than compensated by restaurants dying &
1 reply 0 retweets 0 likes
other B&M retail being in the shitter. Same with Target. Its just grocery demand not other consumer demand, imho.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.