Still Want The Economy Closed?

[jazz]

Report by BoC today, if that economy doesn't start to reopen immediately, the effects will be structural and permanent and last for years at a minimum.

And YES farmers are affected as well. BoC is warning export supply chains are at risk. Last time I check we were exporters.

What an asinine policy that was. Someone believed they could lockdown the entire country and somehow all would be well.

-----

[farming101]

Not sure it will make a difference if the sailors are sick or the longshoremen are sick or the consumers are tapped out in countries where there will be no social programs or bailouts

[ajl]

The damage has already been done. There will be a new, impoverished, normal that will emerge in the coming months. Much of this was going to happen anyways, covid just hurried it up. Real GDP will be about 70% of 2019 levels as demand for most good and services will be reduced permanently. Savings will be either inflated away or confiscated in the years ahead as banks will need to be amalgamated in the coming debr crisis so pensioners will have to get by on much less.

Germany is starting phased openings of smaller shops, something that could happen now on the prairies with little risk.

[fjlip]

If prolonged I agree 70% of 2019 GDP. BoC idiots sugar coating as usual, 6-9% drop! Must be paid/told by Feds like MSM what to spin. Can't scare the population...oh wait did that with Climate Hysteria/lies bullshit!

[Austrian Economics]

Insolvent provinces and cities going cap in hand to Ottawa for handouts will be the norm. It doesn't matter what you think about the severity of the virus itself, no one should pretend that the cost of dealing with it will be minimal or even positive. I say positive because the nation is full of people who think that stimulus cheques generate economic growth.

[6V53]

Sivil service will have to shrink and come up with a whole new work ethic and maybe less strikes in the private sector. Or no soup for you.

[FarmJunkie]

Austrian it sure lookin more like this virus is more about government insolvency than a pandemic. The pandemic is gonna be bankruptcy world wide. Just look at the MB government lookin for a billion dollars for four dead people. Unbelievable!

[Sodbuster]

I’m on board to start opening our economy as long as everyone follows social distancing. This Monday works for me as long as we don’t have a spike in numbers from Easter. The prairies have done well to this point, I can’t speak for the rest of Canada, hopefully this decision will be made by our premiers not Dumbo.

[15444]

Keep 'er locked down. Big bear is looking for some killer deals on Superdutys. Can't have a bunch of fruity optimism floating around dealerships.

That being said, if you have a local Ford dealer that spends his day spinning a .45 around on his desk, with a lot full of Superdutys, let me know!

[Rareearth]

Patients 154
Prairieland exhibition grounds are full of new looking vehicles. Assuming they are still coming in, they will be looking even harder for places to park them.

Likely the manufacturer that has to price incentivize, dealers are limited in what they can move with price?

[15444]

Patients 154
Prairieland exhibition grounds are full of new looking vehicles. Assuming they are still coming in, they will be looking even harder for places to park them.

Likely the manufacturer that has to price incentivize, dealers are limited in what they can move with price?

Dealers have a decent margin they can play with. Dealer here takes 7% off msrp right off the bat and they still make good money. But yes, manufacturers have to take a hit and unions concessions.

But I am betting Ford comes out swinging when they reopen. They do not want to lose the 43 year best seller title to GM this year.