Business / private sector is dead

[glowing10]

No, they aren't dead. That's quite normal in this situation, imo, some companies haven't been fully operating yet hence, some employees had to be off more than what's usual, not to mention that they are now experiencing a salary cut which leads to various events, like they have set aside buying unnecessary stuff, and those stuff you mentioned.

Anyway, here, in my country (PH) have been in similar situation, fortunately, after months of lockdown where the collapse of some businesses have been witnessed, now things are seemingly getting back to normal although, it wasn't the same as before wherein customers are congested inside a popular shop or whatever kind of store.

if you just got out of lockdown people started spending savings... wait until savings gone ...

This would be the real big issues in coming months, as say still somehow people are managing it because of the saving they had it but if the pandemic continues for the next few months till we do not have vaccine, by that time many would go bankrupt or will not have money left and they this would be the bigger issues in countries where they do not have give anything to the unemployed people.

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[Quidat]

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Economy i love it ...

For people who do need to have a job or business to make a living then pretty sure that majority of them is highly affected and each of everyone of us.We know that the current pandemic situation on what causes all of these economic problems and we know that there would really be an end to this but to see on the damage that it has been done.Lots of businesses filed a bankruptcy which isnt really surprising.
Neither if you are a freelance or a regular worker, theres no exception when it comes to the hardship that we are facing now. Investment as of these days will not really be in priority but rather people
will mind of on how to buy up their needs instead.

[spy100]

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Economy i love it ...

For people who do need to have a job or business to make a living then pretty sure that majority of them is highly affected and each of everyone of us.We know that the current pandemic situation on what causes all of these economic problems and we know that there would really be an end to this but to see on the damage that it has been done.Lots of businesses filed a bankruptcy which isnt really surprising.
Neither if you are a freelance or a regular worker, theres no exception when it comes to the hardship that we are facing now. Investment as of these days will not really be in priority but rather people
will mind of on how to buy up their needs instead.

That's the problem as people don't understand that money loses value in time ... money must circulate ...it's not created so you can store it ... buy land,invest it in something ,buy houses,women,cars ,booze,drugs etc ... just don't keep it under the mattress ...the more money you have under your mattress the more you will lose ...

if i have 10 usd in my pocket and inflation is at 2% i lose 0.12 cents next year

But if you have 1 billion USD just sitting around doing nothing , next year you lose 20.000.000 usd

Do something with that  20.000.000 usd ...

Govs have a lot of money doing nothing this days ...

"Mo Money Mo Problems"
https://www.youtube.com/watch?v=gUhRKVIjJtw

[slapper]

It is sad to hear your story... But I think there should be something you can do to earn some extra bucks for living, right? This pandemic really affects our current world and it changes our life significantly. Where are you living tho? Some countries in Asia are doing very great at protecting their people and the economy. If you make a research, I think you can have a great remote job with these countries since most of the businesses still work with nearly maximum productivity

[spy100]

It is sad to hear your story... But I think there should be something you can do to earn some extra bucks for living, right? This pandemic really affects our current world and it changes our life significantly. Where are you living tho? Some countries in Asia are doing very great at protecting their people and the economy. If you make a research, I think you can have a great remote job with these countries since most of the businesses still work with nearly maximum productivity

I want to do what i do ... like anyone else ... we want to do what we like ... pretty much govs screwed us on this one ...

I am in the EU ... there is 0 funds if you want to start a tech biz https://europa.eu/european-union/about-eu/funding-grants_en

I don't want loans i need funds for my start up like the farmers get each year ...,they are giving them free funds to buy tractors equipment etc ,and even if they don't work the land the EU payes them... we in the tech sector get nothing ...zero

The EU is the most corrupt institution in the world ...

Only the big companies get EU funding ...
https://www.eib.org/attachments/thematic/innovfin_eu_finance_for_innovators_en.pdf

[Silberman]

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

This is exactly the issue those that have the means to boost the recovery with their money are not doing it because they know they will experience at a large scale what you are experimenting at a small scale, the difference is that they have so much money they can wait indefinitely for the economy to change course or be given assurance by politicians that their investments are going to be secured, I know it is not fair but this is simply the way the economy works.

[abhiseshakana]

According to my observations, my friends have started to sell what can be sold one by one like cars & motorcycles to make a living. This indicates that savings have been used up to support daily expenses and the final choice. Those who have debt repayments with interest will be more severe with this condition.

For the business of exporting shellfish shells and live, fresh and frozen seafood to China has begun to stabilize again even though prices have declined. But if the pandemic ends longer there is a concern that purchasing power will weaken and in the end, it will be difficult to reverse the economic curve after the pandemic ends.

[thesmallgod]

That's being impacted by what is currently happening in the world. People are not making enough and the basic needs are the only things they spend the little they earn on. Between taking transport and getting food, the latter become necessity and that is the reason why it is. In my country right now, sanitary pads, face masks, foods and drugs are the things selling fast. Business such as transports are not making enough especially when their movement has been limited

[Argoo]

A very difficult situation has developed with the functioning of private business in any country. A significant part of private business will never recover. We also do not know when the coronavirus will be defeated. However, all adversity will ever end. The world economy will surely recover over time, even if we go through a global economic crisis. Therefore, we need patience and endurance.

[7788bitcoin]

The only thing people are buying is basic necessities ... oh also food and cigarette prices went up again ...

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Everyone globally is going through the same phase, i am jobless for over three months and i will be moving to my parents basement in the coming month if things do not improve and i will be back working and things are not going well for majority. The businesses are going down and all the small time business owners are shutting down their business as they could not afford to be in a situation we are going through. People with money under their mattress is the best solution now rather than investing in a dead market.

[arwin100]

The only thing people are buying is basic necessities ... oh also food and cigarette prices went up again ...

It's a f nightmare ...those that have billions of USD under the mattress better start investing soon ,or that money will be good only as toilet paper ...

Everyone globally is going through the same phase, i am jobless for over three months and i will be moving to my parents basement in the coming month if things do not improve and i will be back working and things are not going well for majority. The businesses are going down and all the small time business owners are shutting down their business as they could not afford to be in a situation we are going through. People with money under their mattress is the best solution now rather than investing in a dead market.

So unfortunate to hear that mate but I think there are so many people with the same situation right now, people really feels how hard the life at this moment and hopefully we can go thru all this and the vaccine will be found soonest.

 Although I'm not affected to much on this pandemic financially since I have money save when theirs no tragic event happening in the world but I see the huge effect in my neighborhood where they are struggling because they cannot get back to their work and businesses.

[Yamifoud]

The government and business owners won't let that thing happen and even we're seeing that globally are affected by this market recession and increase of business shutdown causing thousands or millions of people out from their job but this not to consider that the economy is dying already. In fact, some countries are already resuming their business transaction applying the new normal.

We have to survive and we need to fight against this. Businesses will die if we let it so. So, at this moment that cashless payment is surging, this is a great chance for the online marketing strategy to work well and this is pushing businesses to offer the same otherwise, they will die.

[KnightElite]

The government and business owners won't let that thing happen and even we're seeing that globally are affected by this market recession and increase of business shutdown causing thousands or millions of people out from their job but this not to consider that the economy is dying already. In fact, some countries are already resuming their business transaction applying the new normal.

We have to survive and we need to fight against this. Businesses will die if we let it so. So, at this moment that cashless payment is surging, this is a great chance for the online marketing strategy to work well and this is pushing businesses to offer the same otherwise, they will die.

I think there is a misunderstanding here, of course the business owners do not want to die there business and they will do anything in order for them to operate again but the thing is, the chain in many economy breaks and it is the reason why many businesses stop operating and some of them will permanently closed because of the damage that the pandemic brought to them. It is sad especially for those small business that only have 1 source of income which is the business that they let go because of the pandemic.

[stadus]

That's the worst situation in the future, your money will be a toilet paper, I think I can't accept that.

Sharing is caring, so thanks for the information, I will not ask anymore on what country you are living as I know every country suffers with this virus than until now there is no vaccine yet, hopefully our economy will recover soon and hopefully the vaccine will be out, if not, I'm afraid the worst scenario will happen.

[matchi2011]

That's the worst situation in the future, your money will be a toilet paper, I think I can't accept that.

Sharing is caring, so thanks for the information, I will not ask anymore on what country you are living as I know every country suffers with this virus than until now there is no vaccine yet, hopefully our economy will recover soon and hopefully the vaccine will be out, if not, I'm afraid the worst scenario will happen.

The virus makes things possible, there's no vaccine yet so probably we can't do nothing and in case things got much worse expect
that this will take place, we are all embracing technology and there's a lots of digital money which are existed and can be used as
alternatives, cashless are really booming as this virus are helping them to be more effective than using physical money.

[exstasie]

I want to do what i do ... like anyone else ... we want to do what we like ... pretty much govs screwed us on this one ...

I am in the EU ... there is 0 funds if you want to start a tech biz https://europa.eu/european-union/about-eu/funding-grants_en

I don't want loans i need funds for my start up like the farmers get each year ...,they are giving them free funds to buy tractors equipment etc ,and even if they don't work the land the EU payes them... we in the tech sector get nothing ...zero

The EU is the most corrupt institution in the world ...

Same story everywhere you look, not just the EU. This is the nature of bailouts. They are distributed completely unevenly and they create economic winners and losers. In the US, it's clear to me that the people who are receiving stimulus funds in their various forms are overwhelmingly not the people who need them most. In a cruel double whammy, this serves to widen the existing chasm dividing the lower and middle classes:

The US government has done very little to help the most vulnerable. They've bailed out some groups; mainly homeowners, displaced full-time workers who qualify for unemployment benefits, and a good deal of "small" businesses. Renters, informal and immigrant workers, students, long term unemployed, etc. (who I would consider the most vulnerable) have gotten the short end of the stick. They are the ones who missed out on the bailouts, stimulus checks, extended unemployment, etc. while still having to make their monthly housing payments without forgiveness.

The Fed and Congress don't want the middle class liquidating their retirement accounts (crashing the stock market) to pay their mortgages, so they let them stop paying their mortgages. They also don't want the housing market crashing from foreclosures, so......they let them stop paying their mortgages. Since poor people don't spend nearly as much money, don't own their homes, and don't own stocks, they aren't a major policy concern for lawmakers and don't deserve to be bailed out.

It's a very depressing sort of rationale, but it's also understandable. They are propping up the economy, not trying to help vulnerable people.

[romero121]

There is slow movement in the business compared to the months before pandemic. In USA there isn't much restrictions, because the ultimate goal is to stand high in the economy. Rest of the countries focus on tackling the situation and slow down the loss of lives.

It is true that lot has lost their jobs, software firms have given support to work from home as no one is sure when the situation will come to normal functioning. In some countries the scenario is worse with people suffering to get food. Let's hope for the best as vaccine for covid-19 is being under test in different parts of the world.

[Bitum]

The market economy has been and will always be cyclical, there are highs and lows, we are not in the best position at the moment regarding the COVID situation, so I would not say that the private sector is dead. There will still be times when people will be happy to spend his money again

[Kasabus]

The market economy has been and will always be cyclical, there are highs and lows, we are not in the best position at the moment regarding the COVID situation, so I would not say that the private sector is dead. There will still be times when people will be happy to spend his money again

Yes. What is happening today is just the result of covid 19 and for sure, everything will be back to normal again once this pandemic is over. Most of the private sectors nowadays have been very much affected seeing their sales are experiencing decline but this doesn't mean that private businesses are already dead. They are just facing tough times today and they will still be standing again after this pandemic.

[$crypto$]

The market economy has been and will always be cyclical, there are highs and lows, we are not in the best position at the moment regarding the COVID situation, so I would not say that the private sector is dead. There will still be times when people will be happy to spend his money again

Yes. What is happening today is just the result of covid 19 and for sure, everything will be back to normal again once this pandemic is over. Most of the private sectors nowadays have been very much affected seeing their sales are experiencing decline but this doesn't mean that private businesses are already dead. They are just facing tough times today and they will still be standing again after this pandemic.

There has been a lot of news about vaccines that have been discovered and have been tested but I don't know whether this will be distributed in mass or not, but it is clear that just hearing the word vaccine is better for ending this pandemic.
Business in the private sector will never die, they will continue to try to get up despite the difficult circumstances, but with the risk that occurs, they reduce the workers so that their business will continue, believe this pandemic will disappear in the near future, so in any field of business it will return to normal as before.