/biz/ - Business & Finance

Lets Discuss the realization of job loss that the US is gonna face once quarantine is officially lifted. As it stands theres about a rate of 14% unemployment(pretty sure its much higher) and with many businesses shuttering we dont have a 1:1 return rate for the new furloughed welfare class. In the next six months I feel we'll likely see complaints from the airlines, casino industry,taxi drivers and regular office workers and a plethora of food/bar industry staff stil on unemployment with little money and fighting a saturated job market for the few businesses that open.

With a large portion of these people out of work (probably a solid year for those in the tourism industry) what should we expect from both the governments reaction and also subsequently how will the housing market react in its current artificially inflated state

>>18091458
niggers

>>18057438
desu I really think this is going to be true if the US announces a lot of deaths. Right now the case/death ratio is low compared to other countries.

Either we're doing really well in the situation, or a LOT of people are about to start dropping, and so will the markets.

>tfw new account a week ago
>not approved for options yet
>all I can do is buy and HODL
About to just start stocking up on as much cheap shit as much and as long as I can and just avoid looking at my balance for a couple of months. Tired of these fucking smug bears and hope you lose all of your money on a couple of bad gambles