How Long Will The Recession/Depression Last?

[Bluegrasscard]

Ready or not it seems six epicenter states will start to "open up". NY, NJ, PA, RI, CT, DE.

[Hatz]

In a lot of ways this is a good thing. To give credit, they are processing these loans quickly. My company submitted an application on Friday, and it was approved by late Monday morning. The problem is going to be is if this stretches into summer, and those loans run out. Covering payroll is great, but if you can't get the business ramped back up quickly, the money will run out by the end of June.

 

Glad to hear it was approved quickly.

 

I have a friend here who told them it may be six months before he hears anything or receives anything on his application.

[rjs4470]

Glad to hear it was approved quickly.

 

I have a friend here who told them it may be six months before he hears anything or receives anything on his application.

 

I think a lot depends on the lender. And getting approved is one thing.... While we did get approved, we have not yet received the funds. There is also a lot of work that needs to be done to insure the funds are used correctly to get the forgiveness.

 

It seems crazy though that it might take six months. In many businesses, that’s going to be 5 1/2 months too late.

[sportsfan41]

Ready or not it seems six epicenter states will start to "open up". NY, NJ, PA, RI, CT, DE.

 

Where is this being reported? I haven't seen anything.

[Hellcats]

Where is this being reported? I haven't seen anything.

 

It was mentioned early today in New York’s daily press conference. Very little information was presented.

 

Actually it could mean 1 month to 18 months.

 

I question the purpose of some of the information being thrown out during this time.

[Voice of Reason]

What is the plan for restarting?

 

How do we control the spread so we don't have to shut down again?

 

How many additional deaths are acceptable in a restart?

[Hellcats]

What is the plan for restarting?

 

How do we control the spread so we don't have to shut down again?

 

How many additional deaths are acceptable in a restart?

 

How many states have to peak before we restart?

 

Considering I’ve seen tons of New York, New Jersey, Georgia, Florida, Illinois, etc. license plates in my hometown over the past few weeks, I’m a bit concerned.

[John Anthony]

What is the plan for restarting?

 

How do we control the spread so we don't have to shut down again?

 

How many additional deaths are acceptable in a restart?

 

Can’t stay closed for 12 more months. Somewhere in the middle is the answer.

[Bluegrasscard]

Layoffs in our company today (IT services). Survived this round.

[Tigerpride94]

I think it will be a U shaped recovery rather than a V. Will slowly come back since businesses will jump back in slowly. They aren't going to be investing capital until there is certainty.

[Bluegrasscard]

Oil is barely above $10 a barrel. That is a 44% drop today.

 

No sure what to make of this. But this is uncharted territory that has a lot of implications.

[John Anthony]

Oil is barely above $10 a barrel. That is a 44% drop today.

 

No sure what to make of this. But this is uncharted territory that has a lot of implications.

 

Insane!

[Bluegrasscard]

Insane!

 

Below $8. They used to compare a gallon of gas to the price of a gallon of milk. For about 3 gallons of milk you can own your barrel today - that can produce about 40 gallons of gasoline.

[John Anthony]

Below $8. They used to compare a gallon of gas to the price of a gallon of milk. For about 3 gallons of milk you can own your barrel today - that can produce about 40 gallons of gasoline.

 

WTI (oil) is NEGATIVE, pure insanity. It’s currently worth less than nothing! This is history right before our very eyes.

[rjs4470]

WTI (oil) is NEGATIVE, pure insanity. It’s currently worth less than nothing! This is history right before our very eyes.

 

And it's not even close. -$37 a barrel. They literally can't give it away.