Musclecar prices and the possible recession

[Lynn]

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]

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]

Originally Posted by Zedder

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]

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

[markinnaples]

Here are the latest raw numbers regarding the CV-19 illness across the globe.

[Crush]

We will recover

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

[72heavychevy]

Originally Posted by markinnaples

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]

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]

Originally Posted by 72heavychevy

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]

US Border with Canada now closed.