Here Comes the Recession

[Mick]

How? Italians basically take 1/2 a day off every day and their productivity is crap to begin with. For the life of me I can't see how Italy shutting schools down for 2-3 weeks is going to going cause a world wide recession.

I've never heard Italians are lazy good for nothing before. Is this a new development or an old slur.

 

[Velo Vol]

How? Italians basically take 1/2 a day off every day and their productivity is crap to begin with. For the life of me I can't see how Italy shutting schools down for 2-3 weeks is going to going cause a world wide recession.

When stuff starts shutting down for a couple weeks in America, will you finally start to get it? Or will it still be a mystery?

 

[hog88]

My point is both Japan and Italy are closing schools nationwide. This is a harbinger of things to come should the virus spread here.

keep cheerleading

 

[hog88]

When stuff starts shutting down for a couple weeks in America, will you finally start to get it? Or will it still be a mystery?

In 2 1/2 months schools in the US will begin to shutdown. Should we expect that to trigger a recession?

 

[Velo Vol]

In 2 1/2 months schools in the US will begin to shutdown. Should we expect that to trigger a recession?

The forecasts right now project that there won't be a recession. But it'll definitely weigh down growth. Like 1% or less.

 

[hog88]

The forecasts right now project that there won't be a recession. But it'll definitely weigh down growth. Like 1% or less.

Does that happen every summer when schools close?

 

[Velo Vol]

Does that happen every summer when schools close?

That's a planned closing. We're talking about canceled stuff that the economy depends on--malls, conventions, sporting events, etc.

 

[hog88]

That's a planned closing. We're talking about canceled stuff that the economy depends on--malls, conventions, sporting events, etc.

We were talking about schools and now you’re moving the goal posts.

 

[DancingOutlaw]

That's a planned closing. We're talking about canceled stuff that the economy depends on--malls, conventions, sporting events, etc.

The economy depends on malls? Is it 1993?

 

[05_never_again]

I've never heard Italians are lazy good for nothing before. Is this a new development or an old slur.

Ever been to Europe?

The lazy southern European (not just Italians, but also the Spanish, the Greeks, etc.) is a very common stereotype. Even within Italy it's a stereotype. The northerners (think Milan) do all the work while the southerners sit outside and drink wine all day.

 

[Velo Vol]

I can't imagine why.

 

[1972 Grad]

How? Italians basically take 1/2 a day off every day and their productivity is crap to begin with. For the life of me I can't see how Italy shutting schools down for 2-3 weeks is going to going cause a world wide recession.

All I know is that a friend of a friend owns a travel business in Germany and Italy, where he keeps a stable of 75-80 old convertible sports cars that his clients drive through the countryside on their excursions. The man is a German, and he says that he has a tremendous problem with Italian labor on the old Italian cars in Italy, and no problems in Germany. He says the Italians don't want to work.

 

[MontyPython]

For you, Hog...

"Research firm IHS Markit predicted Wednesday that oil demand will suffer its steepest decline on record in the first quarter — worse even than during the 2008 global financial crisis — as schools and offices close, airlines cancel flights and a growing number of people hunker down at home. "

 

[hog88]

For you, Hog...

"Research firm IHS Markit predicted Wednesday that oil demand will suffer its steepest decline on record in the first quarter — worse even than during the 2008 global financial crisis — as schools and offices close, airlines cancel flights and a growing number of people hunker down at home. "

That is far from just closing schools, which was your original alarm. Move those goalposts.

 

[DancingOutlaw]

All I know is that a friend of a friend owns a travel business in Germany and Italy, where he keeps a stable of 75-80 old convertible sports cars that his clients drive through the countryside on their excursions. The man is a German, and he says that he has a tremendous problem with Italian labor on the old Italian cars in Italy, and no problems in Germany. He says the Italians don't want to work.

It wasn’t that long ago in Italy that you could start taking state funded retirement in your mid 50’s. Even now the age is 62. They have a quasi welfare state that pays low and no income citizens. Surprisingly the urge to work is diminished when someone will give you free cash to stay home.

 

[Rifleman]

I've never heard Italians are lazy good for nothing before. Is this a new development or an old slur.

Italians are so lazy!

How lazy are they?!

So lazy that they rank 20th in the world on GDP per hour worked, which puts them ahead of notoriously lazy countries like Japan, South Korea, and Israel.

List of countries by GDP (PPP) per hour worked - Wikipedia

 

[05_never_again]

Italians are so lazy!

How lazy are they?!

So lazy that they rank 20th in the world on GDP per hour worked, which puts them ahead of notoriously lazy countries like Japan, South Korea, and Israel.

List of countries by GDP (PPP) per hour worked - Wikipedia

The Japanese and Koreans aren't lazy...they're just old. A ton of them are retired and don't work.

And Italy (and Spain and Greece) is quite low on that list relative to their northern European counterparts. So the stereotype is kind of accurate.

 

[Velo Vol]

For you, Hog...

"Research firm IHS Markit predicted Wednesday that oil demand will suffer its steepest decline on record in the first quarter — worse even than during the 2008 global financial crisis — as schools and offices close, airlines cancel flights and a growing number of people hunker down at home. "

Might as well try to discuss it with a brick wall.

 

[Purple Tiger]

All I know is that a friend of a friend owns a travel business in Germany and Italy, where he keeps a stable of 75-80 old convertible sports cars that his clients drive through the countryside on their excursions. The man is a German, and he says that he has a tremendous problem with Italian labor on the old Italian cars in Italy, and no problems in Germany. He says the Italians don't want to work.

It may not be labor at fault here. No one can fix an old Italian car.

 

[utvolpj]

The economy depends on malls? Is it 1993?

Sort of but saying B&M stores might be more appropriate

 

[MontyPython]

That is far from just closing schools, which was your original alarm. Move those goalposts.

Well, yeah. These are all associated with a panic. Coming to a city near you, if this sh*t doesn't tamp itself out.

 

[0nelilreb]

The economy depends on malls? Is it 1993?

If Amazon starts refusing to deliver because of this ... Then we can panic . Lol

 

[hog88]

Well, yeah. These are all associated with a panic. Coming to a city near you, if this sh*t doesn't tamp itself out.

The damage from panic will be far worse than the damage the virus causes.

 

[Orange_Crush]

It may not be labor at fault here. No one can fix an old Italian car.

Except the Germans, apparently.

 

[Orange_Crush]

The damage from panic will be far worse than the damage the virus causes.

Which is why the MSM media is drumming the panic up, as well as some of the leftists here on VN.