[careinke]

My Niece and her husband have made a lot of money from Covid-19. They own a plastics manufacturing company who just happen to make Costco's fresh seafood sneeze guards. So guess who Costco went to when they needed a sneeze guard solution for their checkout stations? Add to that, the fact they were the first in the plastic manufacturing business to figure out a LOT of Plexiglas was going to be used, and pretty much cornered the US supply of Plexiglas. Even then, they ran out of the preferred stock, and had to find less desirable substitutes.

BTW virtually ALL the Plexiglas in the US is imported from Canada or Mexico. US manufacturers were out competed many years ago. (maybe a investment opportunity?

In other economic areas, from first hand observations, small mom and pop service businesses in the skilled trades seem to being doing great. Lots of home owners have spent a lot of time looking at their property lately, and want to make improvements.

I also think, depending on how long this lasts, Drive in theaters may make a nice social distancing comeback.

I've been told the Chinese word for crisis is the combination of Dangerous and Opportunity. Lots of money is being made during this Pandemic, and not all of it is going to big business.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('careinke', '
')I also think, depending on how long this lasts, Drive in theaters may make a nice social distancing comeback.

[vtsnowedin]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('careinke', '
')I also think, depending on how long this lasts, Drive in theaters may make a nice social distancing comeback.

[JuanP]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('careinke', '
')I also think, depending on how long this lasts, Drive in theaters may make a nice social distancing comeback.

[JuanP]

Something to consider for anyone looking for a job now is helping people design, build, and manage food gardens. There is a huge demand for this in the USA right now, and the few people that do it have very long waiting lists. The startup costs are very low and there is essentially no overhead.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', '
') Any box store or mall parking lot would do. Modern Driveins use AM radio to transmit the sound track so no wiring or speaker posts are needed. That leaves the cost of erecting a screen. You could even have the nearby MickyDs act as the concession stand and cosponsor.

[REAL Green]

“People Are Going To Be Shocked': Bannon Claims Wuhan Lab Employees Have Defected, Are Working With FBI”
https://www.zerohedge.com/political/peo ... orking-fbi

“One day after a report that a respected Chinese virologist fled Hong Kong to accuse Beijing of a COVID cover-up, former Trump strategist Steve Bannon told the Daily Mail that scientists from the Wuhan Institute of Virology and other labs have defected to the West and are "turning over evidence" against the Chinese Communist Party (CCP) for their role in the COVID-19 pandemic which has claimed over 560,000 lives worldwide since last December. "People are going to be shocked," Bannon told the Mail ("from a yacht off the East coast of America," the Mail would like us to know). The 66-year-old then said that defectors are cooperating with intelligence agencies in America, Europe and the UK, which have been assembling evidence to challenge the CCP claim that the pandemic originated in a wet market - not in a lab home to scientists who have come under fire for manipulating bat coronavirus to be more transmissible to humans. "I think that they [spy agencies] have electronic intelligence, and that they have done a full inventory of who has provided access to that lab. I think they have very compelling evidence. And there have also been defectors," he said. "People around these labs have been leaving China and Hong Kong since mid-February. [US intelligence] along with MI5 and MI6 are trying to build a very thorough legal case, which may take a long time. It’s not like James Bond." Mr Bannon even suggested that the French government, which helped to build the institute, had left behind monitoring systems after Beijing shut them out of the project before it opened in 2017. -Daily Mail "The thing was built with French help, so don’t think that there aren’t some monitoring devices in there. I think what you are going to find out is that these guys were doing experiments which they weren’t fully authorized [for] or knew what they were doing and that somehow, either through an inadvertent mistake, or on a lab technician, one of these things got out," Bannon continued. "It’s not that hard for these viruses to get out. That is why these labs are so dangerous." "You essentially had a biological Chernobyl in Wuhan, but the center of gravity, the Ground Zero, was around the Wuhan lab, in terms of the casualty rates. And like Chernobyl, you also had the cover-up – the state apparatus reports to itself and just protects itself."

[Plantagenet]

The Nasdaq index took a big tumble today because the virus is surging and states are beginning to lock down again.

If this sell-off gets bigger and the markets plunge, that might be another buying opportunity for the market.......

Alternatively it might mean the whole economy is going to collapse because of the virus and we're heading into a global depression.

Its time to get out those crystal balls and predict the future ......is the virus going to crash the economy? Will we have a vaccine soon? What incompetent bizarre thing will Trump do next? Will Joe Biden be totally senile by election day or will it take a few more months for him to go off?


Coronavirus investing is not for the timid......

Cheers!

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Plantagenet', 'T')he Nasdaq index took a big tumble today because the virus is surging and states are beginning to lock down again.

If this sell-off gets bigger and the markets plunge, that might be another buying opportunity for the market.......

Alternatively it might mean the whole economy is going to collapse because of the virus and we're heading into a global depression.

Its time to get out those crystal balls and predict the future ......is the virus going to crash the economy? Will we have a vaccine soon?

...

Coronavirus investing is not for the timid......

[Newfie]

Just got a long missive from our financial adviser that he is expecting SS to go broke well before the current 2035 projection due to Covid lockdown.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Newfie', 'J')ust got a long missive from our financial adviser that he is expecting SS to go broke well before the current 2035 projection due to Covid lockdown.

[Plantagenet]

$this->bbcode_second_pass_quote('Newfie', 'J')ust got a long missive from our financial adviser that he is expecting SS to go broke well before the current 2035 projection due to Covid lockdown.

[vtsnowedin]

I see a double edged sword here. Covid will clear out a lot of the elderly and infirm reducing the needed monthly payments to them but at the same time the lockdowns and other knocks on the economy will reduce the taxes owed and collected. I don't have any real figures to do the math with so I can't say if it will be a plus or a minus for the longevity of the trust fund.

[Ibon]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('Newfie', 'J')ust got a long missive from our financial adviser that he is expecting SS to go broke well before the current 2035 projection due to Covid lockdown.

[Newfie]

Frankly I’m not betting the “economy” will make it to 2035. It may, but I believe there is a fair chance it won’t.

I don’t know how to plan for that anymore than I knew how to plan for Covid one year ago. Yet we seem to be doing OK, our bug out boat has played its role well and looks likely to continue to do so.

Will that help us if the economy crashes? Complete unknown.

[JuanP]

"It starts: Mortgage delinquencies suddenly soar at record rates"
https://wolfstreet.com/2020/07/14/it-st ... cord-pace/

This does not include the 8% of mortgages on forebearance plans. Mortgages delinquent 0-30 days are at 3.4%. In November 2008, they peaked at 2% during that year's Real Estate bust. One to two month delinquencies are at a record high, too. In 30 days, unless something happens, like a government intervention, mortgages delinquent 0-90 days will be at a record high. We can expect very large numbers of foreclosures and evictions in 12-18 months, unless there is a market intervention by the government. Florida is in fourth place as a state, and the Miami metro area ranks first in the country amongst large metropolitan areas.

I am very curious to find out how the US government will respond to this. Will they allow the country's largest foreclosure and eviction crisis to occur without intervening and let tens of millions of lives be ruined?

[GHung]

$this->bbcode_second_pass_quote('JuanP', '&')quot;It starts: Mortgage delinquencies suddenly soar at record rates"
https://wolfstreet.com/2020/07/14/it-st ... cord-pace/ ........

We can expect very large numbers of foreclosures and evictions in 12-18 months, unless there is a market intervention by the government. Florida is in fourth place as a state, and the Miami metro area ranks first in the country amongst large metropolitan areas.

I am very curious to find out how the US government will respond to this. Will they allow the country's largest foreclosure and eviction crisis to occur without intervening and let tens of millions of lives be ruined?

[REAL Green]

“Travelers Are Buying These Hazmat Suits For Planes”
https://www.zerohedge.com/technology/pa ... its-planes

“With face masks now mandatory on many North American flights, a Toronto-based technology startup has designed a custom hazmat suit to be worn on planes and in public areas. VYZR technologies specialize in developing and building protective equipment, including the new BioVYZR, a stylish bio-suit fitted with a powered air-purifying N-95 respirator and anti-fogging windows. The suit resembles a plastic bubble worn by Jake Gyllenhaal in the 2001 movie Bubble Boy.”

[Plantagenet]

$this->bbcode_second_pass_quote('Ibon', ' ')Anyone with the good fortune and hard work to have had the success of an income like that should feel it is an honor to pay more taxes or more in SS as a thank you to your country that provided you such an opportunity to be successful.

[Ibon]

$this->bbcode_second_pass_quote('Plantagenet', '
')
Personally, I think its the wrong way to go. I would much rather see SS reformed to return it to an independent system dedicated to protecting people's retirements, rather then transformed into part of the federal income tax system. The federal budget is in severe deficit, in case you haven't noticed, and blurring the distinction between a financially strapped SS system and the highly in debt federal budget, as Biden's SS proposal does, is a real and distinct danger to the SS system and its payments.