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-   -   Musclecar prices and the possible recession (https://www.yenko.net/forum/showthread.php?t=159921)

markinnaples 03-16-2020 08:33 PM

While panic and overreaction are rampant, killer gas prices are here as I paid $1.88 at Sam's earlier today. It's been a long, long time since that I've seen that price.

the427king 03-16-2020 08:57 PM

Killer gas prices and real big drop in adjustable rate loans.

m22mike 03-16-2020 09:57 PM

Quote:

Originally Posted by markinnaples (Post 1488906)
While panic and overreaction are rampant, killer gas prices are here as I paid $1.88 at Sam's earlier today. It's been a long, long time since that I've seen that price.


$1.59 in my hood now, not a good thing , never thought I would say that.:confused2:

Mike

Astock 03-16-2020 10:07 PM

According to professor Chris Whitty, top expert in disease (England's chief medical officer, and UK department of health's top scientific adviser) said a few hours ago, "mortality rate might be 1% or less". That's 1 out of 100 chance of dying from the viral infection, if you even get it.

Just pissed off since yesterday, after leaving the supermarket, and seeing and feeling the panic. Sheep scurrying for their lives, trying to stay up with the herd of other scared sheep. So ridiculous!

Btw: The first community acquired C-19 reported yesterday in Orange County. There's like 3.5 million plus that live here, yet the shelves are empty, and I still don't have cream for coffee in the morning?

purple panther 03-16-2020 10:39 PM

total liquidation today
 
stocks- bonds and gold were all sold today. Probably margin calls

69LM1 03-16-2020 11:09 PM

Quote:

Originally Posted by Astock (Post 1488934)
Just pissed off since yesterday, after leaving the supermarket, and seeing and feeling the panic. Sheep scurrying for their lives, trying to stay up with the herd of other scared sheep. So ridiculous!

Btw: The first community acquired C-19 reported yesterday in Orange County. There's like 3.5 million plus that live here, yet the shelves are empty, and I still don't have cream for coffee in the morning?

Now yall know what it's like living in the south during hurricane season! :)

Joking. Cream is important!

/Rich

Astock 03-16-2020 11:29 PM

We took two direct hits from Frances and Gene months apart in 04, after 3 months of living in Fl. The 68' Harry Mann Camaro came 3 feet away from being crushed dead center, by a 100 year old oak. Hurricanes are inconvenient, to say the least.

Crush 03-16-2020 11:51 PM

Back to the topic of this thread. I was talking with my 25-year-old son tonight who is a professional automotive photographer, And an absolute car nut! Him and his buddies are mostly interested in some of the older European cars like Nissan GTR’s, Datsuns even some V dubs as well as Porsche, Ferrari etc.. lots of his buddies are buying these, along w Supras etc and fixing them up. They are not interested in “ muscle cars” except for a few Vettes. Needless to say he has been around and driven a ton of high end cars old and new and just loves the foreign jobs.
PS he’s not panicking about the corona virus either.. good kid!:laugh:

32KZ 03-17-2020 01:32 PM

My son and his wife, both mid 20's, both engineers. Starting off ahead of the curve, he has no student loans, her's all but paid off. Both pretty frugal, but spend smart money. He's into the old stuff, but not so much his inner circle of friends, just too out of reach. Has a pretty clean 90 F150, highschool truck, hanging onto for a future project. And will eventually get the keys to the Z, but I think he's in the minority. I just don't see his generation having the disposable income to keep supporting this hobby, overall. Unless prices start dropping(like old gassers) plus their kid's college prices....my cousin is a pretty successful electrical engineer, talk at his alumni reunion was the fact of trying to afford sending their kids,,to the college they graduated from. Without mountains of debt.

And like yours crush, not panicking corona. Aware, taking preventive measures, more concerned about spreading to certain target groups vs. actually contracting it.

Mr70 03-17-2020 03:59 PM

1 Attachment(s)
Does anyone know what the over/under is on the BBQ? :)

32KZ 03-17-2020 07:39 PM

That's funny!

On a good note, not out of Jameson and Guiness at the stores, 1st floor remodel full steam ahead, my Camaro is still worth more then it was fifteen years ago, according to Haggerty anyway. Sucks 814 alternators aren't coming down in price. I guess not accepting tp rolls as barter just quite yet. Heard a big sale on hand sanitizer down in Tennessee. Eighteen thousand bottles need gone quick??

JoeC 03-17-2020 07:47 PM

I heard on the local news that some people who "over purchased" are now donating some items to those in need

70 copo 03-17-2020 11:10 PM


Zedder 03-17-2020 11:26 PM

I guess some find this situation funny...

I laid off 20 people today...retail customers keep cancelling orders for store fixtures. Likely will lay another 20 off next week and be totally shut down by the end of the month. The 65 year old woman crying in my office was the most difficult part. Her retirement investments are in the shitter and now she has no job. I hope this doesn’t last more than a few months or a company that has been in business since the 1920’s might go under.

427TJ 03-18-2020 12:02 AM

Quote:

Originally Posted by Zedder (Post 1489143)
I guess some find this situation funny...

I laid off 20 people today...retail customers keep cancelling orders for store fixtures. Likely will lay another 20 off next week and be totally shut down by the end of the month. The 65 year old woman crying in my office was the most difficult part. Her retirement investments are in the shitter and now she has no job. I hope this doesn’t last more than a few months or a company that has been in business since the 1920’s might go under.

Sorry to hear that Mark. The next two weeks will be crucial as to how the virus effects us here in the U.S.

70 copo 03-18-2020 12:10 AM

Quote:

Originally Posted by 427TJ (Post 1489146)
Sorry to hear that Mark. The next two weeks will be crucial as to how the virus effects us here in the U.S.

Absolutely.

Beaches in Florida are packed today with spring breakers.

Taking it seriously will definitely flatten the curve.

Lynn 03-18-2020 12:53 AM

Quote:

Originally Posted by Zedder (Post 1489143)
I guess some find this situation funny...

I laid off 20 people today...retail customers keep cancelling orders for store fixtures. Likely will lay another 20 off next week and be totally shut down by the end of the month. The 65 year old woman crying in my office was the most difficult part. Her retirement investments are in the shitter and now she has no job. I hope this doesn’t last more than a few months or a company that has been in business since the 1920’s might go under.

Mark:

This is so sad, and I am sure EVERYONE on this site feels pain for you and everyone else affected.

My whole life, I have dealt with most situations by finding humor (kind of like the Docs in the original MASH movie). It can't help that I grew up reading MAD magazine. It is how many of us deal with difficulty. I know that when guys like me post what we find to be humorous it is simply a coping mechanism. Even when I was going through my prostate cancer journey, I used humor as a diversion. You wouldn't believe some of the things my own family said to me, just trying to be funny. I gave it right back to them.

I assure you, no harm is intended.

Our son JUST started a new job and got the word today that they are now closed for at least four weeks. Both of his room mates are also in the service industry, and got the same messages today. They are all three in their 20's and don't have a lot of savings to fall back on. Our non-profit (the museum project) is having to reschedule our FIRST fundraiser because the Oklahoma History Center (where we were planning to gather on April 21) is closed. Our keynote speaker is the Lt. Governor. Now I have to try to get his schedule aligned with the History Center schedule, and most all of the fall dates are already taken.

Even in all of this, the jokes will be flying in our household. That is just how we deal with it. I hope you understand that.

On another note with regard to this: "Her retirement investments are in the shitter..." I honestly believe things will bounce back. Yes, there will be some businessis that don't survive; but most will. The markets were overdue for a correction anyway; they just way over corrected. The underlying strenght of the U.S. and Canada will pull us right through. In time, we will be even better off. Easy to say, but keep your head up buddy. I would hate to be in your shoes having to lay off the good and decent folks who work for you. I am certain it just breaks your heart.

Zedder 03-18-2020 01:00 AM

Thanks guys. Listen, this is just financial at this point and we all can deal with that with time. The real hardship is still coming when we lose friends, colleagues and loved ones. Let’s just pray that our medical folks find something to lessen the impact of this virus sooner rather than later...

Crush 03-18-2020 01:28 AM

Quote:

Originally Posted by Lynn (Post 1489155)
Mark:

This is so sad, and I am sure EVERYONE on this site feels pain for you and everyone else affected.

My whole life, I have dealt with most situations by finding humor (kind of like the Docs in the original MASH movie). It can't help that I grew up reading MAD magazine. It is how many of us deal with difficulty. I know that when guys like me post what we find to be humorous it is simply a coping mechanism. Even when I was going through my prostate cancer journey, I used humor as a diversion. You wouldn't believe some of the things my own family said to me, just trying to be funny. I gave it right back to them.

I assure you, no harm is intended.

Our son JUST started a new job and got the word today that they are now closed for at least four weeks. Both of his room mates are also in the service industry, and got the same messages today. They are all three in their 20's and don't have a lot of savings to fall back on. Our non-profit (the museum project) is having to reschedule our FIRST fundraiser because the Oklahoma History Center (where we were planning to gather on April 21) is closed. Our keynote speaker is the Lt. Governor. Now I have to try to get his schedule aligned with the History Center schedule, and most all of the fall dates are already taken.

Even in all of this, the jokes will be flying in our household. That is just how we deal with it. I hope you understand that.

On another note with regard to this: "Her retirement investments are in the shitter..." I honestly believe things will bounce back. Yes, there will be some businessis that don't survive; but most will. The markets were overdue for a correction anyway; they just way over corrected. The underlying strenght of the U.S. and Canada will pull us right through. In time, we will be even better off. Easy to say, but keep your head up buddy. I would hate to be in your shoes having to lay off the good and decent folks who work for you. I am certain it just breaks your heart.

These are sage words. I have 5 kids in their mid to late 20’s and I have found myself really having to stay positive and solution oriented with them.Like many on this site our age has given us lots of scare tissue from economic events. Wars, recession etc. They will continue to plague our society at importuned times. As such we must pull together because this to will pass. I find strength in friends, family and faith during these times. I trust this group will lead from the front during this and this thread, in less then 8 weeks,will be much different!

Lynn 03-18-2020 02:16 AM

Here here!!

Lynn 03-18-2020 02:48 AM

I would hope we can all be respectful of others opinions. This will likely get worse than it is right now before it gets better. Personally, I think much of what is being done in Oklahoma is an over reaction. But, I am willing to go along.

Personally, I also don't think the U.S. and Canada will experience much loss of life. However, I certainly respect those who believe we will. None of us has a crystal ball.

Hotrodpaul 03-18-2020 03:41 AM

The machine shop I used to run here in Tomball Tx just laid off the night shift and reduced the rest of the employees to 32 hr/week. I am sure the layoffs are coming in the oil sector as well. All this has a trickle down effect on the economy with people in survival mode not willing to spend money on unnecessary items. I still think the right muscle cars are good investments if purchased properly and the Porsche 911 market has been doing well. Personally, If I find the right car, I restore it to relive the time when it was new, and to remember my youth. If the value improves, that's just icing on the cake...

EZ Nova 03-18-2020 01:40 PM

Quote:

Originally Posted by Zedder (Post 1489143)
I guess some find this situation funny...

I laid off 20 people today...retail customers keep cancelling orders for store fixtures. Likely will lay another 20 off next week and be totally shut down by the end of the month. The 65 year old woman crying in my office was the most difficult part. Her retirement investments are in the shitter and now she has no job. I hope this doesn’t last more than a few months or a company that has been in business since the 1920’s might go under.

Mark sorry to hear that. I too run a small family owned/FINANCED company in SW Ontario. Supposedly the governments are putting something to help us out, as well as regular people/employees. Were more building-trade oriented and Ford says construction site will stay open. My staff is asking for short days or a 2 week shutdown? I too can't really afford a 2 month closure or shortage as the "extra" $$$ that are in the markets has been lost.

We are looking at stuff basically as it goes. Will talk to staff Friday afternoon for next week stuff. I have maybe picked up to more jobs sites this week. Met with 1 builder yesterday as he's not too happy with current supplier, so gave us a shot to quote it. And meeting a new builder probably Friday for another site.

But the government is supposed to be rolling out some financial help. Lets see where it goes. Maybe that can help both you and your employees enough to just scrape by till the turn around comes.

Zedder 03-18-2020 01:50 PM

Thanks EZ. Best of luck to you and your employees too!

markinnaples 03-18-2020 02:02 PM

1 Attachment(s)
Here are the latest raw numbers regarding the CV-19 illness across the globe.

Crush 03-18-2020 02:02 PM

We will recover

https://www.google.com/amp/s/amp.cnn...ate/index.html

72heavychevy 03-18-2020 02:17 PM

Quote:

Originally Posted by markinnaples (Post 1489222)
Here are the latest raw numbers regarding the CV-19 illness across the globe. I'm not sure why a fatality rate of approximately 0.04% is enough to justify these draconian measures that we're seeing being implemented. This is going to cripple a lot of the country. Any number of deaths is unfortunate, and I pray for those ill and those who've died, but in hard numbers I can't see how this is different than any other airborne virus/flu strain.

FYI those numbers you posted show a 4% fatality rate...that's pretty drastic difference from 0.04%

Lee Stewart 03-18-2020 02:33 PM

The death rate from seasonal flu is typically around 0.1% in the U.S

If the death rate was for same for CV19 as it is for seasonal flu then only 203 people would have died, not 8141. Let that sink in for a moment to understand why flattening the CV-19 curve by social distancing, business closures and staying at home are so important

markinnaples 03-18-2020 02:50 PM

Quote:

Originally Posted by 72heavychevy (Post 1489224)
FYI those numbers you posted show a 4% fatality rate...that's pretty drastic difference from 0.04%

Ha, you're right, of course. I relied on my math-challenged business partner who shared the calculation with me earlier. I really should have known to check him, lol, thanks for the correction.

70 copo 03-18-2020 02:59 PM

US Border with Canada now closed.

Steve Shauger 03-18-2020 04:32 PM

Quote:

Originally Posted by Lee Stewart (Post 1489228)
The death rate from seasonal flu is typically around 0.1% in the U.S

If the death rate was for same for CV19 as it is for seasonal flu then only 203 people would have died, not 8141. Let that sink in for a moment to understand why flattening the CV-19 curve by social distancing, business closures and staying at home are so important




One variable not factored in to US statistics are the # of people who are infected that have not been tested (due to lack of kits or symptoms). Hopefully the death rate will drastically drop.

Tenney 03-18-2020 05:08 PM

In prep for letting folks return to action, maybe screen for “everything”? This would identify and alert those w/vulnerable conditions of all ages who should still lay low.

https://health.gov/myhealthfinder/to...s/get-screened

the427king 03-18-2020 05:17 PM

Cant understand why they keep saying the infection rate is going up by the day , when they are now testing and thats obviously why ...did they expect it to go down with testing ???? the good thing is, the more people that are infected really the better for the fatality rate they are claiming is 3% now.

70 copo 03-18-2020 06:16 PM

One of the Restaurants here in town had kept a large area for car hops in the rear about 30 spots in total.

The owner closed for a day and maintained all of the vintage ordering apparatus and put 15 of the stalls back in service right away.

Packed today with cars. What is old is new again. Life goes on. We adapt.

BJCHEV396 03-18-2020 06:18 PM

Idiotic Video link deleted per member request!

70 copo 03-18-2020 06:27 PM

Quote:

Originally Posted by BJCHEV396 (Post 1489274)
Sorry,I dont get it!

I think you can contact the two guys who did the spoof video and let them know.

The social dynamic and what triggers certain people is interesting however.

It is a reflection on the social fabric of our society.

We will adapt.

We will overcome.

The World is not ending.

Give the TV a rest.

BJCHEV396 03-18-2020 08:47 PM

Stop giving the idiots who made the video exposure.

70 copo 03-18-2020 08:58 PM

Quote:

Originally Posted by BJCHEV396 (Post 1489290)
Stop giving the idiots who made the video exposure.

Ok I agree.

Why not go and edit your quote to remove it.

That action will get it off this page of the thread and will minimize eyeballs on it.

Tracker1 03-18-2020 09:35 PM

Italy bumbled the response out of the gate, their population mostly ignored government calls for social distancing and are now facing 7% mortality rate...SEVEN PERCENT! Stay home, we gotta get this down by the neck and choke it out.

https://www.ccn.com/coronavirus-deat...-america-next/

70 copo 03-18-2020 09:47 PM

Absolutely, we can learn from the actions of the mayor of Florence.

The hug a tourist event was pretty over the top.


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