Corona Virus - Taking a Hit on Many Good Providers?

[Versao]

If this so called pandemia compounded with the fear mongering continues indefinitely, for a long time say until August, I'm afraid many providers will go away, and I mean they will have no choice but to return home to China, Korea or wherever they may be. Thing is only a minority of providers have papers, the others the majority, who either overstayed their visas or still are within the 6 months Visa stay what they're going to do, they can't collect unemployment, they will have no choice but to hurry their return home, unless they manage to find a different kind of job "under the table" to survive in the meantime. Let's not forget, many live in Flushing or surrounding areas and rent apartments and have bills to pay just like everybody else.

 

[Gweiz024]

Agreed. A spa that pretends to be legit next to my apartment is still open. No. 1 MSG is now on a break. I know Russian places like ORMCH are still operating. Not sure how their visas work, but hopefully the good providers can stay...good luck to all of us and all of them. I want to see Sophie and Coco at MSG after this.

 

[Dog the Thot Hunter]

Agreed. A spa that pretends to be legit next to my apartment is still open. No. 1 MSG is now on a break. I know Russian places like ORMCH are still operating. Not sure how their visas work, but hopefully the good providers can stay...good luck to all of us and all of them. I want to see Sophie and Coco at MSG after this.

AD is closed. Which is too bad.

 

[Gweiz024]

AD is closed. Which is too bad.

All Asian 280/hr places are closed I think. I haven't been to AD, PH, NYAW or places like that. I only go to No.1 MSG and ORMCH.

 

[AutomaticSlim]

Guys...this goes way beyond AMPs, Agencies, Whorehouses, R&T joints and any other related venture.
This sucks.
Sucks!
Things are going to get bad.
Not trying to be a buzzkill here.
But it's the truth.
We're in for some bad times.
Hopefully they don't last nearly as long as the last depression.
Or end up with a similar event.

 

[Versao]

Guys...this goes way beyond AMPs, Agencies, Whorehouses, R&T joints and any other related venture.
This sucks.
Sucks!
Things are going to get bad.
Not trying to be a buzzkill here.
But it's the truth.
We're in for some bad times.
Hopefully they don't last nearly as long as the last depression.
Or end up with a similar event.

I'm more worry really about a bad recession (depression really) which has already been cooking soon after 2008, now with this crisis it will only accelerate it. No wonder Trump just announced earlier sending checks to all of us. They're afraid that if things get really bad people might revolt or collapse the economy. A lot to unpack here but I'll leave it at that.

 

[AutomaticSlim]

TBH, it has nothing to do with President Trump.
This is a "black swan" event that really can not be planned for.
But now with all these businesses closed and people laid off, it will affect everyone. It sucks and it's going to get worse.

 

[Versao]

TBH, it has nothing to do with President Trump.
This is a "black swan" event that really can not be planned for.
But now with all these businesses closed and people laid off, it will affect everyone. It sucks and it's going to get worse.

I was just talking about what Trump will do, he just announced it earlier. I know it has nothing to do with Trump, this Corona virus things has many theories of how it came about but that's another rabbit hole, and yes, things will get a lot worse if this continues.

 

[johndoe1969]

I'm more worry really about a bad recession (depression really) which has already been cooking soon after 2008, now with this crisis it will only accelerate it. No wonder Trump just announced earlier sending checks to all of us. They're afraid that if things get really bad people might revolt or collapse the economy. A lot to unpack here but I'll leave it at that.

This. I am more worried about the after effects of the virus to the economy than the virus itself.

Just the amount of people who will unemployed with no other source of income. We're probably heading to a depression.

 

[AutomaticSlim]

I was just talking about what Trump will do, he just announced it earlier. I know it has nothing to do with Trump, this Corona virus things has many theories of how it came about but that's another rabbit hole, and yes, things will get a lot worse if this continues.

The ripple effect from these shutdowns will not be recoverable any time soon.
So even if the virus is under control in one month (optimistic), the effect of the shutdown will be felt for a long time.

 

[Versao]

The ripple effect from these shutdowns will not be recoverable any time soon.
So even if the virus is under control in one month (optimistic), the effect of the shutdown will be felt for a long time.

I'm already seeing it in my business. Brace yourself.

 

[AutomaticSlim]

I'm already seeing it in my business. Brace yourself.

I see it every day. Restaurants and bars shut down when I walk to work.
Broadway shows and movie theaters shut down.
No sports on TV.
It will affect everyone.
There will be layoffs in every industry.
It will not be pretty.

 

[Srhsrh]

I'm not gloating, and long time I am worried about the long term effects. But right now in my section of the computer industry, it is insane panic hiring as companies scramble to put together work from home solutions. Its just short term work though. If things dont improve in a month or so, they'll start planning layoffs I bet.

 

[AutomaticSlim]

I'm not gloating, and long time I am worried about the long term effects. But right now in my section of the computer industry, it is insane panic hiring as companies scramble to put together work from home solutions. Its just short term work though. If things dont improve in a month or so, they'll start planning layoffs I bet.

Finance IT for sure.
Can't take these stockholder losses and not have layoffs.
But really hope I am wrong.

 

[johndoe1969]

Stock market like a roller coaster, housing market will probably follow soon when people won't be able to make mortgage payments.

Not trying to get into politics but everyone is talking about bailouts for everyone but what is it really going to do? I doubt it will help stave off the inevitable.

Airline companies asking for hand outs, whatever happened to all the profits from all the fees you've imposed on your customers?

I really don't know what needs to be done since I'm no expert but we are all going to be in a big mess for awhile.

 

[rottie]

I’m not going to get enough sex any longer, and that alone infuriates me. My dick is heading toward a big depression.

 

[Anonajohn]

In 1918, Spanish Flu killed between 3 and 5 percent of the worldwide population (estimated 50-100 million deaths out of estimated 1.8 billion). Current worldwide population is 8 billion. 3-5% is 240-400 million. If Corona plays out anything like Spanish Flu, there will be many people beyond caring about getting laid off... or getting laid.

 

[Uniquelyme]

Stock market like a roller coaster, housing market will probably follow soon when people won't be able to make mortgage payments.

Not trying to get into politics but everyone is talking about bailouts for everyone but what is it really going to do? I doubt it will help stave off the inevitable.

Airline companies asking for hand outs, whatever happened to all the profits from all the fees you've imposed on your customers?

I really don't know what needs to be done since I'm no expert but we are all going to be in a big mess for awhile.

https://www.nytimes.com/2020/03/16/opinion/airlines-bailout.html

 

[SingleMalt]

TBH, it has nothing to do with President Trump.
This is a "black swan" event that really can not be planned for.
But now with all these businesses closed and people laid off, it will affect everyone. It sucks and it's going to get worse.

This is not a black swan event. It was something that has happened in the past and will happen again. This is in reference to both the virus and the recession. To think that a heavy recession wasn’t coming with the poor fiscal policies we currently have is to be purposefully blind to the reality of finance. We’re effectively propping a weak economy with debt to finance tax cuts that aren’t even going to the right people. If you wanted to use tax cuts to fund economic growth it’s pretty easy and idiot proof. Give tax cuts to the middle class and poor. They are the ones that will spend in mass to continue the bull market for another 2-3 years. Giving it to corporations is known to basically do nothing except temporarily boost stocks and lock capital in fewer hands. I say this with decades of experience specializing in all of the above.

As for the virus, we had sars, west Nile and other diseases that have been progressively getting aggressive. We handled it better in the past and we chose to Ignore it. Even this virus could’ve been managed to likely maintain consumer confidence with the proper responses. The Spanish flu decimated populations and economics. This happens often in history and choosing to ignore this possibility does not make it a black swan event.

You could describe the internet as an economic black swan. No one in history has seen an invention create such wealth and power.

To be clear, this is not a political comment. This is a policy comment. The governments job is to maintain stability and consistency in the system. Failure to do so is the failure of government and whoever operates it. If they are able to achieve direct cash stimulus to the population in mass then it will stem the bleeding in the economy and likely shorten the recovery but it is far to late to expect anything other than a recession. The only question is how we manage the severity of the recession.

 

[Versao]

If you guys would like to learn why the world is so screwed up, why we have so many crisis, wars, conflicts, scarcity, violence, hate, etc, etc. You owe it to yourself to watch this: