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-   -   So far, Coronavirus Layoffs aren't as BAD as many initially thought (https://gfy.com/showthread.php?t=1326947)

mce 04-25-2020 04:05 AM

So far, Coronavirus Layoffs aren't as BAD as many initially thought
 
Check out this layoff tracker: https://layoffs.fyi/tracker/

Considering the doom and gloom, you'd think there were 100's of thousands laid off.

Not so.

Faster 'graduated' recovery?

Rochard 04-25-2020 04:54 PM

LOL. Seriously?

This "tracker" counts only 316 companies. I am guessing in my small hometown alone there is more than 316 companies that have laid off people.

Business Insider (which I'll trust over your tracker there) is saying that nearly half of all Americans will be unemployed this month....
https://www.businessinsider.com/layo...age-may-2020-4

This is going to be a devsasting blow to the world economy. You think we are going to "open up" again and suddenly restaurants will go back to hiring full staff, and having a restaurant full of people? Do you think people are going to go to movies, bars, nightclubs, sporting events, concerts? We have a amphitheater near us that sits 20k people and they've told their staff they do not expect to open this year. Even when we open up some people will not be interested in going out because they are scared of the virus, other people will not be able to afford anything because they've lost their jobs, and others will fear the economy is getting worse so they will spend less.

This is going to be bad.

bean-aid 04-25-2020 07:00 PM

Lol. It's going to be bad, real bad. The amount of people paying for porn will be 1/3 what it is today in 6 months. Cuz nobody will have any money.

Rochard 04-25-2020 07:41 PM

Quote:

Originally Posted by beaner (Post 22656248)
Lol. It's going to be bad, real bad. The amount of people paying for porn will be 1/3 what it is today in 6 months. Cuz nobody will have any money.

This is my fear.... One thing will lead into another. Bussinesses are going under. Even when we open, things will not return to normal. Businesses will not be able withstand both being closed for two or three months, only to return to one fourth of their regular business. Tens of millions of people don't have paychecks right now. They can't pay their bills, their rent.

The Porn Nerd 04-25-2020 08:26 PM

Quote:

Originally Posted by Rochard (Post 22656272)
This is my fear.... One thing will lead into another. Bussinesses are going under. Even when we open, things will not return to normal. Businesses will not be able withstand both being closed for two or three months, only to return to one fourth of their regular business. Tens of millions of people don't have paychecks right now. They can't pay their bills, their rent.

And yet...and yet...people are buying porn. And shopping on target.com and Walmart.com etc.

More people than ever have the ability to work from home. At this point I should have seen sales and rebills going DOWN since things have been shut down for two months+. But nope - still rising.

Bottom line is NO ONE knows wtf we are facing as we move into the future here.

bean-aid 04-25-2020 08:55 PM

Quote:

Originally Posted by The Porn Nerd (Post 22656292)
And yet...and yet...people are buying porn. And shopping on target.com and Walmart.com etc.

More people than ever have the ability to work from home. At this point I should have seen sales and rebills going DOWN since things have been shut down for two months+. But nope - still rising.

Bottom line is NO ONE knows wtf we are facing as we move into the future here.

It will be really ugly Mark... you only think in the now, you don't understand how the world works. Things are going to get ugly, and your 100+ sites are going to see 1/3 the profit in 6 months, mark my words.

The Porn Nerd 04-25-2020 09:39 PM

Quote:

Originally Posted by beaner (Post 22656305)
It will be really ugly Mark... you only think in the now, you don't understand how the world works. Things are going to get ugly, and your 100+ sites are going to see 1/3 the profit in 6 months, mark my words.

I know how the world works, better than most having traveled it all my life and being a well-informed New Yorker. Things will open up again and we will get back to semi-normal, tho with restrictions, by summer. We have overcome pandemics, world wars, depressions, civil war, assassinations, stock market crashes, real estate crisis, the 2000 Presidential Election drama, 9/11...we will overcome this as well.

But thanks for the predictions of doom Nostradamus. LOL

slapass 04-26-2020 02:42 AM

The US is dumping money on people in an effort to shore up the market. We have had 20 million people laid off so far. And our unemployment rate is the highest ever recorded. Should be about 20%.

CaptainHowdy 04-26-2020 02:45 AM

Quote:

Originally Posted by beaner (Post 22656305)
It will be really ugly Mark... you only think in the now, you don't understand how the world works. Things are going to get ugly, and your 100+ sites are going to see 1/3 the profit in 6 months, mark my words.

The vast majority of people are dying not of coronavirus but of getting back to their usual selves . . .

slapass 04-26-2020 02:45 AM

26.5 initial jobless claims in 5 weeks so higher than I said.

bean-aid 04-26-2020 08:40 PM

Quote:

Originally Posted by The Porn Nerd (Post 22656319)
I know how the world works,

If you did you'd know the current environment, coupled with China propoganda, has caused all this unnecessary fear. But no "knowledge" matters... the "financial" damage has been done. Will take 2 months for every day this country stays shut down to recover. That means your porn money will dwindle because people ain't gonna have the money, nor the credit.


The Porn Nerd 04-26-2020 10:34 PM

Quote:

Originally Posted by beaner (Post 22656812)
If you did you'd know the current environment, coupled with China propoganda, has caused all this unnecessary fear. But no "knowledge" matters... the "financial" damage has been done. Will take 2 months for every day this country stays shut down to recover. That means your porn money will dwindle because people ain't gonna have the money, nor the credit.


First, I am an eternal optimist so I always hope/pray for the best. Second, I know the ingenuity of the American people. It's not the economy crashing I am worried about, it's all the new competition from people starting online businesses with all this fucking time on their hands. LOL

I do think the "summer slowdown" will be 50x worse this year once people are let out of their home prisons. But that just means the extra revenue now will be balanced out by the inevitable dip. In the end it's all good.

You also under estimate the tendency for Americans to willingly go into deep, deep debt in order to satisfy their short term needs. Like, getting a mortgage to go on a Las Vegas vacation. LOL

They always say porn is recession-proof (and that has been my experience since I started in '07) so I guess we shall see. Let's hope for a quick recovery. I do not root for failure and collapse.

george MH 04-28-2020 12:56 PM

Even many things are going bad, but people can't stop consuming their basic needs and I think porn is one of these needs.


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