our current FINANCIAL situation
So I read the post here where it's claimed that RV sales are up. I heard that Class B van types campers are up slightly and everything else is down. My thinking is... I'm not going in debt right now...
Forum Discussion
TechWriter wrote:ajriding wrote:
Unemployment numbers are claimed anywhere between 14 and 24%. That is not really so bad considering the situation.
Remember many of these "unemployed" are really just on a leave while the businesses are shut down (hopefully they all start back up one day, but some will not).
Not likely. According to Forbes, 42% of recent layoffs will be permanent, the coronavirus recession will last far longer, and unemployment is closer to 25%. Fasten your seatbelts.
People are going to start falling behind on their mortgages and (I believe) it will cascade into bigger economic shocks down the road. This misadventure of shutting down the economy could take 5 or 10 years to fully recover. We went from the greatest bull market ever to this for no good reason.
