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Arthur_Frain

(1,849 posts)

30. Yes, this is going to be a big, big recession.

Sun Mar 29, 2020, 08:04 PM

Mar 2020

And it’s going to hit fast. Already here in Alaska, all cruises that were supposed to bring the tourists have been prohibited from docking before May 1 (think that’s going to be extended?). Alaska air has parked much of their fleet and slashed 70% of their flight schedule. The border with Canada is closed so no one can drive up the AlCan highway. So our tourist income this year will damn near flatline.

Next, let’s talk about oil. At $20 the barrel, there isn’t much in that income stream either.

They are going to fudge these numbers every chance they get, because the real ones are terrifying.

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The upcoming job losses will be unlike anything the US has ever seen [View all] MoonlitKnight Mar 2020 OP

all these job losses ordered by and created by politicians. very unusual nt msongs Mar 2020 #1

This is why drumpf is freaking about cilla4progress Mar 2020 #2

Yup, this is hitting him where he lives. Initech Mar 2020 #3

Trump can't stand to be seen as a loser. KY_EnviroGuy Mar 2020 #5

Wouldn't take much to hire a bunch of psychopaths Aquaria Mar 2020 #8

Yes, and I think it's much higher than 1% when one considers..... KY_EnviroGuy Mar 2020 #9

The numbers sound about right & yes the rest are running appalachiablue Mar 2020 #15

The 1% is for overall. Aquaria Mar 2020 #16

I had read closer to 8% defacto7 Mar 2020 #28

I wonder if Trump will go back to his "unemployment numbers are fake" crappola? sop Mar 2020 #4

"It's all the fault of those terrible reporters and the fake news media. Totally Tunsie Mar 2020 #6

I got caught in Nixon's big recession in 73 Warpy Mar 2020 #7

He'll try to corrupt those numbers duforsure Mar 2020 #10

Massage. gibraltar72 Mar 2020 #27

Aren't The #s Reported Through The States? ProfessorGAC Apr 2020 #40

instead of giving trillions to "job creators" IronLionZion Mar 2020 #11

I was reading an economist the other day (forget which) who stated that the very thing Hestia Mar 2020 #17

Student loan debt in this liberalhistorian Mar 2020 #19

+5 Student debt above a few thousand dollars max shouldn't exist appalachiablue Mar 2020 #34

Some execs have been pouring money into their small mahina Mar 2020 #23

Small businesses have execs? IronLionZion Mar 2020 #25

"Tomorrow morning the Treasury will release."....NOTHING! machoneman Mar 2020 #12

Except they did release the numbers. former9thward Mar 2020 #21

Actually Betsy will say see my new yacht. gibraltar72 Mar 2020 #29

3.23 million!!! One week MoonlitKnight Mar 2020 #13

Outstanding prediction in Original Post..K and R nt Stuart G Mar 2020 #14

He'll end his term with the highest unemployment and lowest stock market seen in modern times. LudwigPastorius Mar 2020 #18

+1 dalton99a Mar 2020 #24

NOT TRUMP'S FAULT! budkin Mar 2020 #20

3% of all Pennsylvanians filed UE DeminPennswoods Mar 2020 #22

In Florida the unemployment people don't answer the phone or respond to email rzemanfl Mar 2020 #26

Yes, this is going to be a big, big recession. Arthur_Frain Mar 2020 #30

Shades of 1992 Wellstone ruled Mar 2020 #31

Shades of 1929 as well MoonlitKnight Mar 2020 #32

Yes,the big three. Wellstone ruled Mar 2020 #33

Could be 10 million in tomorrow's report MoonlitKnight Apr 2020 #35

Thankfully on the low end MoonlitKnight Apr 2020 #38

Off by a half million MoonlitKnight Apr 2020 #42

I sincerely hope it doesn't come to that GeorgiaPeanut Apr 2020 #36

Civil unrest this summer. Stay safe, be smart and stay home. sarcasmo Apr 2020 #37

Practically everyone was out of work during DeminPennswoods Apr 2020 #39

The highest rate of U.S. unemployment was 24.9% in 1933, during the Great Depression.1 MoonlitKnight Apr 2020 #41