Coronavirus financial advice

[rjs4470]

My job requires me to travel across the western part of the state. I haven't seen any evidence that people are staying home. Traffic seems to be business as usual.

 

I'm working remotely now, but Monday-Wednesday traffic got lighter and lighter heading in to Cincinnati. And with a shutdown in Cali and New York, air traffic being down, and more and more people working from home (and thus not driving daily), demand has to be down. Not to mention people have cancelled vacations, aren't going out to bars to and clubs, driving to concerts and events, etc. There is no way people as a whole are driving as much as they were 2 weeks ago.

[Randy Parker]

Correct. Does that also apply to KY?

 

KSR had a guest on today who certainly would know, and he said absolutely yes.

[Randy Parker]

That's your rap name.

 

:lol2::lol2::lol2:

[John Anthony]

I've seen everything from a -8%, to -15%, to -24% GDP contraction in Q2, economist are projecting. If it's -15% to -24%, we have a tsunami coming at us in the summer. I'd settle for -5% right now if I could.

 

Save your money.

[Voice of Reason]

I've seen everything from a -8%, to -15%, to -24% GDP contraction in Q2, economist are projecting. If it's -15% to -24%, we have a tsunami coming at us in the summer. I'd settle for -5% right now if I could.

 

Save your money.

 

I heard -24% Q2 and then double digit positive in Q3 and Q4. Bumpy ride. Seize opportunity if you can.

[doomer]

If we can stay healthy I believe we will be Ok.