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Will this start a great depression
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"I think some industries will be hot really hard, construction in particular.
Anything where you can work from home, or remotely should fare better."
But there is still a demand for things to be built and done just like that was before or is it because people will be just out of work in general |
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By (user no longer on site)
over a year ago
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It is likely that this will start a depression. It is already taking effect.
I expect some business' will fold and never return.
Stocks have taken a hit, but as evwr the rich and knowledgeable will turn that swiftly into profit..take those american senators that sold all their shares and told the people not to worry.. a few days later Crash.
The important thing is that we limit the number of deaths as best we can
As it is, we are not overly worried, but know thre are people in a far worse position than we are.
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By *otsossieMan
over a year ago
local, but not too local |
A lot of businesses are going under and there’s been a big shift towards home working.
I think this will cause some bigger societal changes going forwards because they cannot lift the lockdown until there is a viable vaccine and widely available test for antibodies.
I’m a pessimist but I’d be surprised if there wasn’t some form of restriction still in place in a year to 18 months, and you can forget going abroad. |
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"I’m in no doubt history will repeat itself of 100 years ago
In what way do you think it well x"
For me the longer this goes on the world governments cannot keep bailing companies and individuals out of financial difficulty. That in turn will force a lot of businesses to go under and with it jobs. Unemployment will soar and a lot of people will struggle to feed their families and keep a roof over their heads.
Industries that rely on travel and tourism, as well as some countries, will likely fold as I cannot see travel restrictions lifted for a very long time outside of your own country.
It’s a very long road ahead and no one really knows what it will bring, all we can do is surmise and hope it’s not as bad as you may fear |
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"I think some industries will be hot really hard, construction in particular.
Anything where you can work from home, or remotely should fare better.
But there is still a demand for things to be built and done just like that was before or is it because people will be just out of work in general"
Because people will be put of work. It's not easy to just mobilise and start building "stuff" again.
One of my last projects took 14 months to secure, from getting the enquiry to getting an order.
A further 3 years work to build.
You can't just wave a wand and start that up again.... |
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"I’m in no doubt history will repeat itself of 100 years ago
Blimey I hope not everything. It’s not impossible though is it?"
I’m hoping not as well. There is one thing I purposely left out as it doesn’t bear thinking about, I hope it doesn’t spike again but it’s not impossible |
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I have a prediction.
Based on if there is no end to this soon, so let's say the lock down keeps getting extended, past may, past june and maybe up to july/september not just in UK but all over the world.
If that was to happen well my prediction is this time next year everyone will be thinking we should never have shut down the world for this thing.
As i think the number of deaths and overall misery will far outway the amount of deaths if we had just let it run and tried to carry on as normal.
Fathom, starvation, violence, homless, jobless, suicides will all increase.
We are a fairly wealthy country (6th i believe) but countrys that are not as wealthy, the african or middle east nation's for example dont have goverments propping up buisness's or peoples wages.
There will literally be millions in those countrys that have only been surviving due world economy ticking over.
Having that stopped for a certain amount of time and getting no income to feed their familys well its not rocket science to figure out that its going to decimate huge numbers of the population in certain parts of the world.
The rest of us (the wealthy countrys) will be in debt paying all this back for generations.
If we thought austerity was bad for past decade we aint seen anything yet.
Have a friend whos a single parent to a lil girl.
Self employed was living from monthly income to monthly income he is so stressed out because he has gone into his overdraft and wont be gettimg any goverment help for another month.
Im sure there is hundreds if not thousands in same situation.
I have no idea how this is all going to end but i can't see it being a happy ending for anyone if the worlds economy stays on lock down for much longer.
I personally think the outcome from bringing the world to a halt will outway the misery and death count than the virus itself.
*disclaimer
This is just my opinion of what may happen if lock down reaches end of july (globally).
Im happy to be wrong ofcourse so in 12 months from now id love to see loads of messages saying how wrong i was as nothing would please me more. |
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Liverpool lad, I like your honest pos.
It’s one of those dilemmas that I personally wouldn’t like to make the choice on but something I have thought about and discussed with others.
The world has decided on its course of action to protect its population.
Whatever they decide it’s very much, I think, damned if you do and fanned if you don’t.
Whether it’s the right decision only time will tell, as the true economic and human cost of this takes its hold on the world over the coming years. |
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By (user no longer on site)
over a year ago
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"I’m in no doubt history will repeat itself of 100 years ago
Blimey I hope not everything. It’s not impossible though is it?
I’m hoping not as well. There is one thing I purposely left out as it doesn’t bear thinking about, I hope it doesn’t spike again but it’s not impossible "
Yes, me too. |
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"I have a prediction.
Based on if there is no end to this soon, so let's say the lock down keeps getting extended, past may, past june and maybe up to july/september not just in UK but all over the world.
If that was to happen well my prediction is this time next year everyone will be thinking we should never have shut down the world for this thing.
As i think the number of deaths and overall misery will far outway the amount of deaths if we had just let it run and tried to carry on as normal.
Fathom, starvation, violence, homless, jobless, suicides will all increase.
We are a fairly wealthy country (6th i believe) but countrys that are not as wealthy, the african or middle east nation's for example dont have goverments propping up buisness's or peoples wages.
There will literally be millions in those countrys that have only been surviving due world economy ticking over.
Having that stopped for a certain amount of time and getting no income to feed their familys well its not rocket science to figure out that its going to decimate huge numbers of the population in certain parts of the world.
The rest of us (the wealthy countrys) will be in debt paying all this back for generations.
If we thought austerity was bad for past decade we aint seen anything yet.
Have a friend whos a single parent to a lil girl.
Self employed was living from monthly income to monthly income he is so stressed out because he has gone into his overdraft and wont be gettimg any goverment help for another month.
Im sure there is hundreds if not thousands in same situation.
I have no idea how this is all going to end but i can't see it being a happy ending for anyone if the worlds economy stays on lock down for much longer.
I personally think the outcome from bringing the world to a halt will outway the misery and death count than the virus itself.
*disclaimer
This is just my opinion of what may happen if lock down reaches end of july (globally).
Im happy to be wrong ofcourse so in 12 months from now id love to see loads of messages saying how wrong i was as nothing would please me more."
I think it would have been too much of a gamble to let things just run its course...who knows how many would have died if the world would not have gone into lockdown?
There probally will be an economic downturn after this but no one hows how bad it will be.
We do know if we had done nothing many,many people will have died. |
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Government will have to borrow loads more money to prop up Business, we are already 2 Trillion in debt that’s our entire GPP for a year think it’s going to be tough try to not get in debt as individuals |
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Tomorrow is another day, had they not locked down the figures being talked about were not something any politician would be likely to ignore, even trump the arch capitalist has albeit slowly accepted that..
Having said that the first world leaders are only thinking in house so to speak, national boundaries apart from some assistance thus far seems to be as far as their planning for..
Yes we could say that's got to be their immediate priority now but when this rips through the poorer nations and the figures are ten or twenty fold whichever number we have then I wonder if there will be assistance for them.. |
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"Government will have to borrow loads more money to prop up Business, we are already 2 Trillion in debt that’s our entire GPP for a year think it’s going to be tough try to not get in debt as individuals "
There are plenty of ways to raise money. |
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By *mmabluTV/TS
over a year ago
upton wirral |
"Government will have to borrow loads more money to prop up Business, we are already 2 Trillion in debt that’s our entire GPP for a year think it’s going to be tough try to not get in debt as individuals
There are plenty of ways to raise money." Bad attitude it will not help |
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By (user no longer on site)
over a year ago
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It looks like just about every country in the world will end up with a massive national debt....exactly who will they owe this money to? If every country is in same boat? |
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"Government will have to borrow loads more money to prop up Business, we are already 2 Trillion in debt that’s our entire GPP for a year think it’s going to be tough try to not get in debt as individuals
There are plenty of ways to raise money."
Do you mean the government or individuals ? |
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"Government will have to borrow loads more money to prop up Business, we are already 2 Trillion in debt that’s our entire GPP for a year think it’s going to be tough try to not get in debt as individuals
There are plenty of ways to raise money.
Do you mean the government or individuals ? "
The gmnt |
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By *otsossieMan
over a year ago
local, but not too local |
"It looks like just about every country in the world will end up with a massive national debt....exactly who will they owe this money to? If every country is in same boat?"
Hah. Ding. Yes. |
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"But how will they raise money? They’ve sold off most of our assets over the years.
The whole world will be in the same boat, so who do we sell to or borrow off?"
Well we have only our selves to blame for that dont we?
We could close a few tax loopholes..go after those who pay as little tax as they can. |
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Yes. We've not particularly moved much since the global financial crisis 2008, leaving us vulnerable. Many businesses will struggle and employees will be dispensible. Wages will decline and stagnate even further and people not working will struggle. With populations earning less, they will spend less, dealing a further blow to the economy. Brexit in the uk was forecast to depress the economy - this will exacerbate the new virus inflicted depression.
There will be opportunities. More sourcing of materials at home and more locally, encourages production. |
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"It looks like just about every country in the world will end up with a massive national debt....exactly who will they owe this money to? If every country is in same boat?
Hah. Ding. Yes. " investors really rich ones , pension funds , oil rich country’s |
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"But how will they raise money? They’ve sold off most of our assets over the years.
The whole world will be in the same boat, so who do we sell to or borrow off?" . You are right thou Germany has not got anywhere as much debt as UK ,and twice as big economy so maybe they can pick up Europe |
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By (user no longer on site)
over a year ago
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"But how will they raise money? They’ve sold off most of our assets over the years.
The whole world will be in the same boat, so who do we sell to or borrow off?. You are right thou Germany has not got anywhere as much debt as UK ,and twice as big economy so maybe they can pick up Europe " That's a funny quote Germany has voted against sharing debt put forward by Spain and Italy, so much for the great EU dream. |
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"But how will they raise money? They’ve sold off most of our assets over the years.
The whole world will be in the same boat, so who do we sell to or borrow off?. You are right thou Germany has not got anywhere as much debt as UK ,and twice as big economy so maybe they can pick up Europe That's a funny quote Germany has voted against sharing debt put forward by Spain and Italy, so much for the great EU dream. " . What I mean is they will be the driving force for Europe as only major Economy not racked up with debt |
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"Government will have to borrow loads more money to prop up Business, we are already 2 Trillion in debt that’s our entire GPP for a year think it’s going to be tough try to not get in debt as individuals
There are plenty of ways to raise money.Bad attitude it will not help" that last line was not said by us |
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"But how will they raise money? They’ve sold off most of our assets over the years.
The whole world will be in the same boat, so who do we sell to or borrow off?. You are right thou Germany has not got anywhere as much debt as UK ,and twice as big economy so maybe they can pick up Europe That's a funny quote Germany has voted against sharing debt put forward by Spain and Italy, so much for the great EU dream. "
They are not going to agree on everything..at least They are working together. |
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By *eeBee67Man
over a year ago
Masked and Distant |
More than likely lead to a world depression.
But then again it might lead to a better outcome from Brexit.
We wont have to share the EU debt.
We have the chance to build back up UK manufacturing of medical equipment and other items. |
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"More than likely lead to a world depression.
But then again it might lead to a better outcome from Brexit.
We wont have to share the EU debt.
We have the chance to build back up UK manufacturing of medical equipment and other items."
Do we have a manufacturing base? |
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It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ??? |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???"
What's the issue with having a strong economy? |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?"
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say |
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By (user no longer on site)
over a year ago
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Travel industry will take time people on 80% of salary repaying mortgage holidays back people will struggle to afford holidays and even travel themselves can you be confident they will still be operational in 12 or 24 months high street shopping will also suffer more and more people will turn to online shopping because they've had to |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say"
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them. |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them."
War yes ww1 and 2 do you no your history ? |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?"
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2. |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2."
August 3, 1914 |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2.
August 3, 1914 "
I'm sorry..are we just rattling off random days in history now? |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2.
August 3, 1914
I'm sorry..are we just rattling off random days in history now?" lol |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2."
Nope, far more than that in ww2, especially if you include puppet governments like Vichy. Pretty much all of continental Europe except Spain including the Balkan’s up until ‘44. Plus half of Scandinavia - all of it if you include allies |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2.
Nope, far more than that in ww2, especially if you include puppet governments like Vichy. Pretty much all of continental Europe except Spain including the Balkan’s up until ‘44. Plus half of Scandinavia - all of it if you include allies "
So..4 Years during a war?and they paid the price the following 40 years.And I did say western europe.
I fail to see how they have 'controlled europe through war"apart from 1 brief period.
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2.
Nope, far more than that in ww2, especially if you include puppet governments like Vichy. Pretty much all of continental Europe except Spain including the Balkan’s up until ‘44. Plus half of Scandinavia - all of it if you include allies
So..4 Years during a war?and they paid the price the following 40 years.And I did say western europe.
I fail to see how they have 'controlled europe through war"apart from 1 brief period.
Can see this rapidly going off topic and not sure what you’re counter claiming. Balkans and Poland, or Prussia then, not Eastern Europe? Held these for most the war. Yes, they paid for it and have an almost perpetual guilt over it; but then the allies rebuilt west Germany, and to be fair, they are richer than us and still have heavy industry. Not gonna reply any more, this will go way, way off"
The original op say Germany always seem to control europe through money or war..I simply asked him to explain it. |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2.
Nope, far more than that in ww2, especially if you include puppet governments like Vichy. Pretty much all of continental Europe except Spain including the Balkan’s up until ‘44. Plus half of Scandinavia - all of it if you include allies
So..4 Years during a war?and they paid the price the following 40 years.And I did say western europe.
I fail to see how they have 'controlled europe through war"apart from 1 brief period.
Can see this rapidly going off topic and not sure what you’re counter claiming. Balkans and Poland, or Prussia then, not Eastern Europe? Held these for most the war. Yes, they paid for it and have an almost perpetual guilt over it; but then the allies rebuilt west Germany, and to be fair, they are richer than us and still have heavy industry. Not gonna reply any more, this will go way, way off
The original op say Germany always seem to control europe through money or war..I simply asked him to explain it."
Germany’s a very powerful European country, hence why the wars happened. I’m not sure how that can really be disputed. For a recent example, Greek austerity. Not sure how relevant that is to the virus threads tho, so hey ho
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2.
Nope, far more than that in ww2, especially if you include puppet governments like Vichy. Pretty much all of continental Europe except Spain including the Balkan’s up until ‘44. Plus half of Scandinavia - all of it if you include allies
So..4 Years during a war?and they paid the price the following 40 years.And I did say western europe.
I fail to see how they have 'controlled europe through war"apart from 1 brief period.
Can see this rapidly going off topic and not sure what you’re counter claiming. Balkans and Poland, or Prussia then, not Eastern Europe? Held these for most the war. Yes, they paid for it and have an almost perpetual guilt over it; but then the allies rebuilt west Germany, and to be fair, they are richer than us and still have heavy industry. Not gonna reply any more, this will go way, way off
The original op say Germany always seem to control europe through money or war..I simply asked him to explain it.
Germany’s a very powerful European country, hence why the wars happened. I’m not sure how that can really be disputed. For a recent example, Greek austerity. Not sure how relevant that is to the virus threads tho, so hey ho
"
I'm not disputing that.
Have a look at The original op
That's how it got off track |
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By (user no longer on site)
over a year ago
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"????" only with people who are likely to get depressed, I've noticed quite a few people i know are not chatting because this site now has lost its emphasis, the emphasis being 'meeting point' so other things become more important and always should be anyway. For me its a place to chat and keep my spirits up thankfully the weather is also helping luckily i think this area is mostly tourists and because all the hotels have closed its only residents of this area that are out and about but I'm seeing too many kids out i saw a little gang of seven boys out on their bikes 11 year olds and many old people 70/80s don't think this area is taking it too seriously at minute but really not that many people out mostly dog walkers, I'm missing interaction the most but I'm a happy soul anyways. Look out for those you know get down go say hi and offer to get some shopping or call them just to lift their spirits. |
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"It’s strange that it always comes down to Germany and how well their economy is doing and they never seem to have as much debt as any other country and seem to control Europe. And a lot of people are happy with that ???
What's the issue with having a strong economy?
Nothing strange just they always seem to control Europe whether it’s financially or by war and they always seem to have the final say
War?really?
They are one of the most powerful countries in europe.
Not sure they control it.
We could learn a thing or 2 from them.
War yes ww1 and 2 do you no your history ?
They never controlled any part of europe in ww1
They controlled part of western europe for 3 years in ww2.
Nope, far more than that in ww2, especially if you include puppet governments like Vichy. Pretty much all of continental Europe except Spain including the Balkan’s up until ‘44. Plus half of Scandinavia - all of it if you include allies
So..4 Years during a war?and they paid the price the following 40 years.And I did say western europe.
I fail to see how they have 'controlled europe through war"apart from 1 brief period.
"
I dont think it was germans per se either it was an ideology called nazism?
Which sadly still "occupies" the narrow minded tribalists now |
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By (user no longer on site)
over a year ago
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"A lot of businesses are going under and there’s been a big shift towards home working.
I think this will cause some bigger societal changes going forwards because they cannot lift the lockdown until there is a viable vaccine and widely available test for antibodies.
I’m a pessimist but I’d be surprised if there wasn’t some form of restriction still in place in a year to 18 months, and you can forget going abroad. "
I think this is a very pessimistic view and highly unlikely. I don’t believe for one minute that the lockdown can’t be lifted without a vaccine. Absolutely no chance will they keep this level of lockdown until there is a vaccine available |
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I don't know whether it will trigger a Great Recession but yes we're almost definitely going into recession.
The emergency measures put in place to slow the outbreak have severely impeded households’ spending and you've got manufactures closing so it's hit the supply and the demand.
I can't see people going crazy and spending lots of money as and when restrictions are lifted because we'll all be wary of another outbreak after initially drinking pubs dry !
Tough times but it might make us question what things are valuable in life and it could be as simple as we're less rich and have less trappings of Wealth like newest phone models, biggest televisions etc but we're happier with more family time.
I'll remain glass half full and think that the world won't end although it might not return as we know it for some time.
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