Dow tumbles 1,600 points in 48 hours. Trump tweets this is fine

[Splits]

Next shoe to drop is March Madness being played in empty arenas, that will knock another 10% off the Dow

Nostrosplits

https://i.imgur.com/s6dJdce.png

[ChumpDumper]

Nostrosplits

https://i.imgur.com/s6dJdce.pngThink it's pretty clear Dennison's speech had more to do with this drop than some basketball games.

[Splits]

Think it's pretty clear Dennison's speech had more to do with this drop than some basketball games.

Multiple factors, domino effect. First domino to fall after yesterday's close was NCAA announcement. Trump speech might not have happened otherwise.

Called it

[ChumpDumper]

Multiple factors, domino effect. First domino to fall after yesterday's close was NCAA announcement. Trump speech might not have happened otherwise.

Called it:lol You're seriously trying to say Trump would not have made a speech unless audiences were excluded from some basketball games?

[hater]

Nostrosplits

https://i.imgur.com/s6dJdce.png

u called it ma niga :tu

but what is d relationship?

[spurraider21]

:lol You're seriously trying to say Trump would not have made a speech unless audiences were excluded from some basketball games?
cant rule it out tbh... he made his speech to address panic/concern, which could be fueled by a bunch of things including major sports events locking out audiences

[Will Hunting]

March Madness canceled.

[Will Hunting]

Multiple factors, domino effect. First domino to fall after yesterday's close was NCAA announcement. Trump speech might not have happened otherwise.

Called it


cant rule it out tbh... he made his speech to address panic/concern, which could be fueled by a bunch of things including major sports events locking out audiences
Either way, Trump gave a speech that did fuck all to calm the markets down.

[Winehole23]

As Chomsky has always said, nanny state and gold plated socialism for the banks, tough love and market discipline for all of us.
Imagine what it would be like if our government cared about people as much as the stock market.

[spurraider21]

Imagine what it would be like if our government about people as much as the stock market.
not electable, apparently

[Millennial_Messiah]

There will be better.

good prediction...

[baseline bum]

Imagine what it would be like if our government about people as much as the stock market.

I did, but Bernie is done for.

[Winehole23]

I did, but Bernie is done for.Seems so.

[Will Hunting]

Imagine what it would be like if our government cared about people as much as the stock market.
Unfortunately it’s really easy to convince all the dumb n!ggers in South Carolina that kind of stuff is unelectable so it’ll never pick up enough steam before the brain dead black vote kills it.

[boutons_deux]

Imagine what it would be like if our government cared about people as much as the stock market.

Without violent revolution, the oligarchy will continue to own, operate, rig govt for the oligarchy's own wealth and power.

[Winehole23]

Unfortunately it’s really easy to convince all the dumb n!ggers in South Carolina that kind of stuff is unelectable so it’ll never pick up enough steam before the brain dead black vote kills it.It makes more sense to blame old folks and youngsters not voting, JMO.

[AaronY]

Unfortunately it’s really easy to convince all the dumb n!ggers in South Carolina that kind of stuff is unelectable so it’ll never pick up enough steam before the brain dead black vote kills it.
You guys are just too smart to win these things

[ChumpDumper]

You guys are just too smart to win these things:lol they were so happy that one week

[Spurminator]

Without violent revolution, the oligarchy will continue to own, operate, rig govt for the oligarchy's own wealth and power.

Who are you gonna shoot first, cowboy?

[Will Hunting]

You guys are just too smart to win these things
Given my qualify of life vs the quality of life for the median black family in SC, I’m clearly doing something more effectively than they are.

[Will Hunting]

Relevant

https://steemitimages.com/p/6VvuHGsoU2QD2aHbJiivbVZV6nAA4BJrX2xi1Ybty77aaXCftY pEuNPpH3u29Gfj5RrCD4gZuPEYBJRJFeXYtqQNiwxhYJum2PEo Wi5KgARu8x6uBCwkr7J1AoZQES?format=match&mode=fit&width=640

[AaronY]

Given my qualify of life vs the quality of life for the median black family in SC, I’m clearly doing something more effectively than they are.
CosmicJewboy over here. As far as I understand it this $1.5 trillion dollar is a short term collateralized loan which will be paid back WITH interest. The Fed only has the charter to give these loans out to banks that can provide collateral so it's not as egregious as people are making out.

[AaronY]

:lol they were so happy that one week
Will was going to be so insufferable to people like me from them on 24/7/365 if Bernie ran away with it. Dodged a bullet there phew

[Will Hunting]

CosmicJewboy over here.
:lol don’t exactly need to be swimming in cash to have a higher quality of life than the median black family in SC.

[ChumpDumper]

Will was going to be so insufferable to people like me from them on 24/7/365 if Bernie ran away with it. Dodged a bullet there phewOh, I think his activity will be the same if Biden loses.

[Will Hunting]

Oh, I think his activity will be the same if Biden loses.
Affirmative. Especially after the gift wrapped election Trump is currently handing him.

[spurraider21]

:lol they were so happy that one week


Will was going to be so insufferable to people like me from them on 24/7/365 if Bernie ran away with it. Dodged a bullet there phew
:lol imagine being happy at the prospect of a preferred candidate becoming the nominee. how ridiculous!

[ChumpDumper]

:lol imagine being happy at the prospect of a preferred candidate becoming the nominee. how ridiculous!

I'm not faulting you guys for being happy, but it was an endzone dance on your own 35.

[Will Hunting]

I'm not faulting you guys for being happy, but it was an endzone dance on your own 35.
I might be misremembering but I don’t think I ever premature ejaculated about Bernie having it in the bag. I definitely was premature in saying Biden’s campaign was buried but don’t think I ever declared Bernie the winner or anything like that.

[ChumpDumper]

I might be misremembering but I don’t think I ever premature ejaculated about Bernie having it in the bag. I definitely was premature in saying Biden’s campaign was buried but don’t think I ever declared Bernie the winner or anything like that.Eh, who had the chance to beat him back then?

[Will Hunting]

Eh, who had the chance to beat him back then?
I’m pretty sure I said at the time that’s New Hampshire turning into such a close race wasn’t good for Bernie. Buttplug was the candidate I was worried about.

[Winehole23]

CosmicJewboy over here. As far as I understand it this $1.5 trillion dollar is a short term collateralized loan which will be paid back WITH interest. The Fed only has the charter to give these loans out to banks that can provide collateral so it's not as egregious as people are making out.Fair point.

Seems worth mentioning Trump floated targeted corporate bailouts, but only offered a crumb to workers and nothing to people who lack insurance.

[Will Hunting]

CosmicJewboy over here. As far as I understand it this $1.5 trillion dollar is a short term collateralized loan which will be paid back WITH interest. The Fed only has the charter to give these loans out to banks that can provide collateral so it's not as egregious as people are making out.
Btw to respond to the rest of this, call it what you want but it’s still a form of socialism and it definitely constitutes relief.

Meanwhile Congress is gridlocked on any potential legislation for paid sick leave assistance.

Our government is effectively set up where the fed can unilaterally provide quick and significant relief to corporate America but our 2-senators per state bullshit makes it impossible for real relief to ever happen.

[hater]

Btw to respond to the rest of this, call it what you want but it’s still a form of socialism and it definitely constitutes relief.

Meanwhile Congress is gridlocked on any potential legislation for paid sick leave assistance.

Our government is effectively set up where the fed can unilaterally provide quick and significant relief to corporate America but our 2-senators per state bullshit makes it impossible for real relief to ever happen.

its a fucking handout

[TeyshaBlue]

Chaos. Perfect timing for a cyber attack.

[diego]

Who are you gonna shoot first, cowboy?

its easy to be dismissive of anyone advocating violence because hypothetically the idea is antithesis to civilization, but Boutons is right here, MLK/Gandhi/Mandela are exceptions that had to endure terrible violence including assassination for 2/3; for the social hierarchy to change the is ALWAYS violence involved, and only exceptionally is it from just one direction.

you might not agree with his premise that it needs to change, or that the oligarchy still exists (they do). but if they do exist and it needs to change, they're not giving up their privileges without flexing all the politicians, money, resources, media theyve got in their pockets, and if the state wont take care of it for them theyve got weapons and employees who will. Thats why Bernie wont ever win, hes already fighting the elite on his own side, but if he did manage to win, I guarantee you he would mysteriously die before ever getting any major reform in. You cant just takeover a couple of trillion dollar industries and not expect to get hard push back from the big fish in those ponds, i think its naive to assume or hope it wouldnt come to that. (and probably more naive to think it was even possible for the old man to even make it that far :cry )

[DMX7]

Market is looking like it's due for another freefall tomorrow. Take a look at futures.

[Splits]

https://pbs.twimg.com/media/ES_QbEYWkAEQfpA?format=jpg&name=large

[Will Hunting]

https://pbs.twimg.com/media/ES_QbEYWkAEQfpA?format=jpg&name=large
:lmao

[DMC]

He could still be right in the longer game. I'd suspect he is.

[Will Hunting]

He could still be right in the longer game. I'd suspect he is.
Why’d he delete the tweet?

[hater]

nobody knows why futures were up today :lmao. more shennanigans going on

these fuckers are throwing the kitchen sink at it

lets see what happens today. its friday before everything shuts down. it cannot possibly be a good day in wall street. hope im wrong.

[Winehole23]

Chaos. Perfect timing for a cyber attack.
https://krebsonsecurity.com/2020/03/live-coronavirus-map-used-to-spread-malware/

[hater]

calling it right now

Stock will start to go south right now due to rumors Trump has the virus

[ChumpDumper]

calling it right now

Stock will start to go south right now due to rumors Trump has the virus

Should go up if that's true.

[pgardn]

Should go up if that's true.

Up 500 pts presently.

[picnroll]

calling it right now

Stock will start to go south right now due to rumors Trump has the virus
I heard it was tertiary syphillis.

[DMC]

I might be misremembering but I don’t think I ever premature ejaculated about Bernie having it in the bag. I definitely was premature in saying Biden’s campaign was buried but don’t think I ever declared Bernie the winner or anything like that.

I called Biden even when he was being written off.

Me

[DMC]

Why’d he delete the tweet?

He's a Trump

[Spurs Homer]

its easy to be dismissive of anyone advocating violence because hypothetically the idea is antithesis to civilization, but Boutons is right here, MLK/Gandhi/Mandela are exceptions that had to endure terrible violence including assassination for 2/3; for the social hierarchy to change the is ALWAYS violence involved, and only exceptionally is it from just one direction.

you might not agree with his premise that it needs to change, or that the oligarchy still exists (they do). but if they do exist and it needs to change, they're not giving up their privileges without flexing all the politicians, money, resources, media theyve got in their pockets, and if the state wont take care of it for them theyve got weapons and employees who will. Thats why Bernie wont ever win, hes already fighting the elite on his own side, but if he did manage to win, I guarantee you he would mysteriously die before ever getting any major reform in. You cant just takeover a couple of trillion dollar industries and not expect to get hard push back from the big fish in those ponds, i think its naive to assume or hope it wouldnt come to that. (and probably more naive to think it was even possible for the old man to even make it that far :cry )

agreed


but the hope was that in this chaos caused by trump/putin

that the lower classes would miraculously rally and swipe some temporary power to shake things up...


while everyone was trembling and paralyzed and crying for a return to the status quo- it would have been inspiring to see the terror in the establishment- if only temporary.

The game is rigged of course and those at the top are going to always protect their position.

Instead - we are tucking our tails between our legs and pinning our hopes on a safe old softie-

he is a nicer human than trump- but geez nice is not exactly what is needed.

[DMC]

agreed


but the hope was that in this chaos caused by trump/putin

that the lower classes would miraculously rally and swipe some temporary power to shake things up...


while everyone was trembling and paralyzed and crying for a return to the status quo- it would have been inspiring to see the terror in the establishment- if only temporary.

The game is rigged of course and those at the top are going to always protect their position.

Instead - we are tucking our tails between our legs and pinning our hopes on a safe old softie-

he is a nicer human than trump- but geez nice is not exactly what is needed.

Fat sheep down break down fences to find greener pastures.

[Spurs Homer]

Fat sheep down break down fences to find greener pastures.


If you were in the top 1% -

your allegiance to criminals would at least be understandable.

lol

Defending
Muh
Cheetolini

[Thread]

nobody knows why futures were up today :lmao. more shennanigans going on

these fuckers are throwing the kitchen sink at it

lets see what happens today. its friday before everything shuts down. it cannot possibly be a good day in wall street. hope im wrong.

I'll just bet you do.

[spurraider21]

He could still be right in the longer game. I'd suspect he is.
DMC pops in to defend Eric Trump of all people for an objectively moronic tweet :lol

[RandomGuy]

DMC pops in to defend Eric Trump of all people for an objectively moronic tweet :lol

https://static-eu-central-1.theguardiansofdemocracy.com/uploads/2019/11/trump-jr-1.jpg

[spurraider21]

that's not eric

[DMX7]

Trump is about to talk. Get ready for the markets to crash as he speaks.

[spurraider21]

he's going to declare a national emergency

[hater]

Trump is about to talk. Get ready for the markets to crash as he speaks.

:lmao he should have waited until after 4pm

drama queen

[Darth_Pelican]

Regained 2,000 today

[Thread]

:lmao he should have waited until after 4pm

I thought the same thing, but, it worked out...DOW jumped quite splendidly.

[DMX7]

It was good that he let other people talk. Smart timing on the oil purchase for the national reserve.

[DMC]

DMC pops in to defend Eric Trump of all people for an objectively moronic tweet :lol

I was commenting about the stock market. When it recovers you'll pretend it doesn't matter any more.

[DMC]

Market is looking like it's due for another freefall tomorrow. Take a look at futures.

Day traders making retirement bank during this panic

[Chucho]

There's more inches on most ST'ers penis length than there are ST'ers that this crash is affecting, especially motherfuckers callin dis shit.

[spurraider21]

I was commenting about the stock market. When it recovers you'll pretend it doesn't matter any more.
i'm so sorry i have to repeat this to you again


plenty wrong with it. the stock market isn't "the economy" no matter how much he pretended it was. and he doesnt have much control over it. makes it foolish to claim credit for it. but if you really want to play that game, almost all the growth we saw in the DOW came during his first year, before he got any major policy through. his tax bill only became effective january 2018. not much movement since then



its a stupid game to play, but if you want to play the game, you cant just quit when things look bad. even ignoring the corono dip, you have a virtually horizontal line from 2018 through late 2019

[Thread]

It was good that he let other people talk. Smart timing on the oil purchase for the national reserve.

& they all soldiered...I got a little nervous on a couple that they might try & sell 'em out, but, they didn't, or, refuse to shake his hand, but, they didn't.

***I detest the nodders in the background. Hated when Gore did it back then & still can't stand it. It's cheap & shitty.

[DMC]

i'm so sorry i have to repeat this to you again

What does this have to do with what Eric Trump tweeted?

[DMC]

Does the term "go viral" need to be rethought?

[Splits]

1238799084263260161

[Th'Pusher]

1238799084263260161

TF is wrong with this moron?

[DMX7]

TF is wrong with this moron?

So much. The stock market turbulence is not over.

[picnroll]

1238799084263260161

What a simple minded POS.

[Will Hunting]

Just wait until whenever the jobs report for March comes out and we have a six figure decline in jobs. We’ll see the Dow back in the teens at that point.

[DMC]

What does this have to do with what Eric Trump tweeted?

So I'm guessing it has absolutely nothing to do with it.

[Thread]

Just wait until whenever the jobs report for March comes out and we have a six figure decline in jobs. We’ll see the Dow back in the teens at that point.

We'll stand March, it'll be the months thereafter where we're harmed.

[boutons_deux]

What a simple minded POS.

Trash is so deeply, irreparably insecure AND simple-minded (like his cult mob) that he takes the stock market, when it goes up!, as total validation of his shitbag self.

Didn't hear ANYTHING from Trash about the stock market when it was cratering and de-validated shitbag Trash.

He probably thinks he's winning.

He clearly said he's responsible for nothing, saying he has NO IDEA what people are doing in the Exec branch or White House

[baseline bum]

So what are we guessing? 16,000 by next Friday?

[baseline bum]

With only around a 10 day lag behind Italy, gotta think this shit crashes in spectacular fashion either next week or the one after.

[Thread]

Trash is so deeply, irreparably insecure AND simple-minded (like his cult mob) that he takes the stock market, when it goes up!, as total validation of his shitbag self.

Didn't hear ANYTHING from Trash about the stock market when it was cratering and de-validated shitbag Trash.

He probably thinks he's winning.

He clearly said he responsible for nothing

& he's correct.

[Thread]

With only around a 10 day lag behind Italy, gotta think this shit crashes in spectacular fashion either next week or the one after.

I'll mark this, bum.

[baseline bum]

I'll mark this, bum.

Bend over, I'll show you marking this.

[Thread]

Bend over, I'll show you marking this.

See, you can't even be serious in a time of national crisis when we really need it. Damn ya!

[Winehole23]

I'll mark this, bum.No need to, events will overtake it.

[Thread]

No need to, events will overtake it.

I'm marking this statement as well, Winester.

[RandomGuy]

With only around a 10 day lag behind Italy, gotta think this shit crashes in spectacular fashion either next week or the one after.

Heard an interesting report (unconfirmed) on washington state, they are there now. This is going to bounce around the country.

First case reported in Hays County, BTW.

[RandomGuy]

So what are we guessing? 16,000 by next Friday?

Not even going to try. Not out of the realm of possibility, and that is saying a lot.

We will be reversing a few years of economic growth, so I would guess the floor will be around where ever the market was circa 2015. But that is a WAG.

[baseline bum]

Heard an interesting report (unconfirmed) on washington state, they are there now. This is going to bounce around the country.

First case reported in Hays County, BTW.

They're not there yet with only ~50 dead. But they're not far most likely.

[Splits]

Fed drops to 0.

If anyone in the WH had any brains, they'd try to fix the numbers in China to say "we fixed it for the year, maybe have to worry in the fall" and then go say, "see, it's 3-4 months of hardship, expect that" and the markets would basically stabilize

[hater]

Fed drops to 0.

If anyone in the WH had any brains, they'd try to fix the numbers in China to say "we fixed it for the year, maybe have to worry in the fall" and then go say, "see, it's 3-4 months of hardship, expect that" and the markets would basically stabilize

Fed just emptied their last cartridge with this

this doesnt work and its game ova

[Splits]

1239515900430225408

1st circuit breaker will be hit within 10 minutes of open

[Will Hunting]

Circuit breakers triggered at the opening bell :lol

[Will Hunting]

1239515900430225408

1st circuit breaker will be hit within 10 seconds of open
:lol fify

[Splits]

:lol fify

:lmao

are we going hit 2nd within 10 seconds of the next open, and the 3rd 10 minutes later and call it a day at 18,500?

[Will Hunting]

:lmao

are we going hit 2nd within 10 seconds of the next open, and the 3rd 10 minutes later and call it a day at 18,500?
Were already approaching it pretty quickly :lol

[RandomGuy]

Circuit breakers triggered at the opening bell :lol


Holy fuckballs, batman.

I knew it was going to be bad, based on the futures, but wow.

If they halt trading today entirely, it will be akin to a bank run, meaning errybody will suddenly want to sell.

[RandomGuy]

Fed can't really cut rates anymore...

700 bn in funding for liquidity markets...

Data out of China was, as expected bad, but worse than many had expected.

[Splits]

The number to look for is 19827.25. That was the value of the Dow on Jan 20, 2017. Once reached, we will hit The Flatlining

[Winehole23]

Fed just emptied their last cartridge with this

this doesnt work and its game ovaThe Fed may be out of bullets, but the US Congress isn't. Brisk fiscal stimulus to counteract a demand shock/liquidity trap are needed.

[hater]

The Fed may be out of bullets, but the US Congress isn't. Brisk fiscal stimulus to counteract a demand shock/liquidity trap are needed.

like what?

[Splits]

1239559099605377027

Markets will love this

[Winehole23]

like what?UBI, employment insurance, mortgage/debt moratoriums, the USG stepping in as a buyer of last result to keep businesses afloat. Time to get really creative to avoid mass homelessness and starvation during a pandemic/demand shock.

[DMC]

Yeah the Battlenet servers are going to be packed.

[RandomGuy]

The Fed may be out of bullets, but the US Congress isn't. Brisk fiscal stimulus to counteract a demand shock/liquidity trap are needed.

Fed can do a lot, but this seems well beyond their ability to really mitigate.


The Fed Backfires: Shock and Awe Rate Drop to 0%, Emergency Bond Buying Program Leads to Limit Down Drops in US Equity Futures as Real World Coronavirus Damage Worsens
https://www.nakedcapitalism.com/2020/03/the-fed-backfires-shock-and-awe-rate-drop-to-0-emergency-bond-buying-program-leads-to-limit-down-drops-in-us-equity-futures-as-real-world-coronavirus-damage-worsens.html

Separately, fresh data coming out of China showed the economy has been hit harder than expected by the coronavirus outbreak.


Retail sales plunged 20.5% in the January-to-February period from a year earlier, much worse than the forecast 0.8% rise by analysts polled by Reuters, according to the National Bureau of Statistics on Monday.
Industrial output also fell 13.5% during the same period, while fixed asset investment plunged 24.5%, both widely missing estimates.


A data point from Norway: my brother in law has a business – supplier to the fish and meat industry, selling everything from gloves to machines – everything. A significant portion of what he sells comes from China. Normally when he reorders the delivery time is three months, now it’s year. A year.

He’s in contact with colleagues and associates in the food business and it’s the same for them. So what happens when the butchers, slaughterhouses, fish farms go empty for gloves, masks, aprons, etc? Which is definitely going to happen. They’ll have to shut down. According to my brother in law, the factories that supply him from China, when they open again, and they may already be in the process of reopening, their first priority is to resupply China, and that may take a year. Europe is going to have to wait.

One last point – my brother in law is already getting calls from want to be customers who are out of supplies, and he’s turning them down. He has to.


Today, it is not Wall Street financial institutions, but companies in a variety of industries that are stressed, as a simultaneous supply and demand shock means they need to tap credit lines to pay their bills. With flights halted, supply chains disrupted and the consumer economy gutted, companies are trying to stockpile cash, whether they need it immediately or not.

It’s one thing for the aircraft manufacturer Boeing to draw down its entire $13.8bn credit line. It’s another for multiple big corporations to draw theirs at the same time. Still, as a recent Credit Suisse report pointed out, “we now have a global banking system where all major banks have to pre-fund 30-day outflows” with high-quality liquid asset portfolios. This is one important reason why these corporate funding stresses haven’t caused a real time banking crisis in the way that the 2008 subprime crisis did.


Consider just the airlines. Delta, the strongest large US carrier, is already making barely-coded requests for a bailout. As our Clive observed by e-mail:


I can’t see any international travel on any sort of scale for the next six months — possibly a year — save for repatriation flights laid on by governments. The entire passenger aviation industry will have to be nationalised and put into a state of suspended animation. Bilateral arrangements may start to creep back in on a very limited basis where there’s large and largely unstoppable flows of people by other modalities (US to Canada and Mexico, U.K. to France and the RoI — that sort of thing).

I will stop posting quotes there.

The data is all bad, and it will get worse.

One final thing:

Health and the economy are closely linked. The correlation between per-capita GDP and health (life expectancy) is essentially perfect. If the covid-19 pandemic leads to a global economy collapse, many more lives will be lost than covid-19 would ever be able to claim. (12/12)

[Winehole23]

Yeah the Battlenet servers are going to be packed.Damn you're trite

[RandomGuy]

The slow, too small, and too narrow sought-after responses don’t merely reflect being in a fog of information gaps. The speed and aggressivenesses of the lockdowns, and their drastic impact make the broad outlines all too clear. Our supposed leaders are in a fog of denial. They cannot fathom that so much of what they had come to accept as the normal and proper operation of our system will crumble if radical action isn’t taken soon, yet that very radical action will also result in changes they deem inconceivable, or worse, aesthetically unacceptable.

As we found out in the financial crisis, in tightly coupled systems, events can propagate across the various elements too quickly for anyone to intervene and limit the damage. The relentless drive for highly efficient systems, from just-in-time manufacturing to radically limiting inpatient time so as to reduce the number of hospital beds per capita, have created fragile systems that are now being tested to destruction. And we are learning, to our collective detriment, how many are wanting.

[Winehole23]

Having unused spare capacity is a drag on quarterly ROI, we can't afford it.

[Winehole23]

1239563367284645889

[RandomGuy]

https://www.barrons.com/articles/the-fed-cut-rates-to-zero-what-economists-are-saying-51584327196

Economists are starting to whisper the "D" word again.

[Spurminator]

https://www.barrons.com/articles/the-fed-cut-rates-to-zero-what-economists-are-saying-51584327196

Economists are starting to whisper the "D" word again.

I don't see how they're not screaming it. We're facing the closure of a ton of small businesses and a lot of people are going to be put out of work. The restaurant industry alone is headed towards catastrophe.

[RandomGuy]

I don't see how they're not screaming it. We're facing the closure of a ton of small businesses and a lot of people are going to be put out of work. The restaurant industry alone is headed towards catastrophe.

This is where the problem we have had of people living paycheck to paycheck makes social safety nets screamingly obvious.

[Spurminator]

2+ weeks UBI should be a no brainer right now. We're making businesses choose between paying their people or shuttering.

But :cry socialism :cry.

[Thread]

2+ weeks UBI should be a no brainer right now. We're making businesses choose between paying their people or shuttering.

But :cry socialism :cry.

Congress/Trump went too quick,,,too quick on the 8 billion, too quick on that silly bill the Senate is now considering.

But, they won't sit down together. Still playing political games. Manuchin is the telephone conduit twixt Trump & Pelosi.

[baseline bum]

2+ weeks UBI should be a no brainer right now. We're making businesses choose between paying their people or shuttering.

But :cry socialism :cry.

More like 6 months ubi. This isn't going away any time soon. Mnuchin says we're in the second inning but really it's only the first batter walking up to the plate.

[Will Hunting]

There won’t be any UBI, in the end well see a bailout to large businesses that congress promises will trickle down to employees and never does.

How can anyone see the way this is being handled and think the solution is more private sector less government.

[Thread]

There won’t be any UBI, in the end well see a bailout to large businesses that congress promises will trickle down to employees and never does.

How can anyone see the way this is being handled and think the solution is more private sector less government.

(UBI) was in the 8 billion & in that silly shit the Senate has now. But, NOBODY, D & R alike want to face (UBI). The mere thought is repugnant. They'd rather cut off their right arm & talk to each other thru Manuchin on the phone. So, you got the 8 billion & the silly shit.

[Will Hunting]

(UBI) was in the 8 billion & in that silly shit the Senate has now. But, NOBODY, D & R alike want to face (UBI). The mere thought is repugnant. They'd rather cut off their right arm & talk to each other thru Manuchin on the phone. So, you got the 8 billion & the silly shit.
They don’t want to talk about it because the people financing their campaigns (D and R) don’t want it. Plain and simple.

[baseline bum]

There won’t be any UBI, in the end well see a bailout to large businesses that congress promises will trickle down to employees and never does.

How can anyone see the way this is being handled and think the solution is more private sector less government.

Oh I know there won't be. And small business nationwide will be completely gutted while big business gets all the spoils from Dear Leader, McConnell, and Pelosi.

[baseline bum]

They don’t want to talk about it because the people financing their campaigns (D and R) don’t want it. Plain and simple.

For what boutons calls Human-Americans it's going to be like "oh, and chicken wings for Bubbles."

[Thread]

They don’t want to talk about it because the people financing their campaigns (D and R) don’t want it. Plain and simple.

& (they) don't want to share the wealth. That good wealth. They want to peter-it-out thru the 8 billion & silly shit. That's why those (2) actions went so damn quick. & I don't ya's that at-the-time, but, you all called me everything but, an old-white-man.

Me

[RandomGuy]

More like 6 months ubi. This isn't going away any time soon. Mnuchin says we're in the second inning but really it's only the first batter walking up to the plate.

The Petro-states are going to get hammered. Saudi-Russian production war in the middle of a massive downturn in demand...

Democrats won't need to implement a fracking ban to stop the practice. Perversely, they will have to start flaring all the natgas they are producing.

This is looking like a negative feedback loop that makes 2009 seem mild. That was just an asset bubble. This looks like an unraveling.

Hopefully I am wrong about how bad it looks to get.

[Will Hunting]

Oh I know there won't be. And small business nationwide will be completely gutted while big business gets all the spoils from Dear Leader, McConnell, and Pelosi.
This is why I’d rather see people who feel fine continue to travel and go to restaurants even if it means this gets dragged out longer.

While it’s great that a slide in the economy probably gets Trump out of office any scenario where small businesses are forced to close down creates something way worse than what we saw in 2008. The government isn’t equipped to handle a major part of the economy shutting down and the politicians in power are only going to use an economic crisis to just divert more wealth to the top with bailouts.

[baseline bum]

The Petro-states are going to get hammered. Saudi-Russian production war in the middle of a massive downturn in demand...

Democrats won't need to implement a fracking ban to stop the practice. Perversely, they will have to start flaring all the natgas they are producing.

This is looking like a negative feedback loop that makes 2009 seem mild. That was just an asset bubble. This looks like an unraveling.

Hopefully I am wrong about how bad it looks to get.

I mean I'm expecting another great depression. Too bad the only FDR Democrat is pretty much done for now.

[Thread]

Oh I know there won't be. And small business nationwide will be completely gutted while big business gets all the spoils from Dear Leader, McConnell, and Pelosi.

At least you put Pelosi in the jackpot. Bless-your-heart.

& that [[[big business]]] should have been the first line to prop up, immediately & in broad daylight, TOP OF THEIR LUNGS. They've been raking it in (both ass scratchers) for a decade. But, no, they hunkered down with the rest of us, got smaller, into the fetal position,,,we see them trying to blend in, but, they frankly don't care if we see them like that. That boodle they have is everything.

[Will Hunting]

If you’re going to require restaurants and move theatres to shut down that major major ripple effects that need to also be taken into consideration.

Are you going to force the landlord to hand out rent abatements to the shut down restaurant?
Are you then going to force the bank to not collect interest payments from the landlord?
Are property taxes going to be foregiven too?

Simply shutting down restaurants and other small businesses like some cities are doing without providing any sort of relief is going to be a recipe for disaster.

[baseline bum]

At least you put Pelosi in the jackpot. Bless-your-heart.

& that [[[big business]]] should have been the first line to prop up, immediately & in broad daylight, TOP OF THEIR LUNGS. They've been raking it in (both ass scratchers) for a decade. But, no, they hunkered down with the rest of us, got smaller, into the fetal position,,,we see them trying to blend in, but, they frankly don't care if we see them like that. That boodle they have is everything.

Pelosi sold the country out when she let that bill pass exempting people at businesses with more than 500 employees from being eligible for sick leave. The only good thing we get out of that bill is free SARSCov2 testing. Meanwhile Trump gets to pretend he gave people sick leave.

[baseline bum]

If you’re going to require restaurants and move theatres to shut down that major major ripple effects that need to also be taken into consideration.

Are you going to force the landlord to hand out rent abatements to the shut down restaurant?
Are you then going to force the bank to not collect interest payments from the landlord?
Are property taxes going to be foregiven too?

Simply shutting down restaurants and other small businesses like some cities are doing without providing any sort of relief is going to be a recipe for disaster.

While not doing it means we'll be at 7.3% death rate like Italy. There are only horrific choices at this point.

[Will Hunting]

While not doing it means we'll be a 7.3% death rate like Italy. There are only horrific choices at this point.
If we’re going to live by the free market then we need to die by the free market (literally). We can’t selectively tell businesses to close without providing any form of relief.

[boutons_deux]

I mean I'm expecting another great depression. Too bad the only FDR Democrat is pretty much done for now.

Krugman pointed out that the "business cycle" recessions from unstable Capitalism are less painful, shorter than BigFinance fuckups like 1929 and 2008 which are worse and longer .

It sounds like the current "demand depression" could turn into another BigFinance Banksters Great Depression, deep, severe, and long

btw, household and corporate debt are both a record levels, meaning "deleveraging" could be severe, with lots of defaults, repossessions.

Disaster Capitalism at its best

[Thread]

Pelosi sold the country out when she let that bill pass exempting people at businesses with more than 500 employees from being eligible for sick leave. The only good thing we get out of that bill is free SARSCov2 testing. Meanwhile Trump gets to pretend he gave people sick leave.

& CDC is hedging on even that. It's new $, fresh & untapped & they want a portion. They ain't greedy, they just don't want to give it all a way. It's against their nature. They want a cut. "You decide." Then they close their eyes & hope for a good #...they can then salt away for a rainy day.

It's why gov't wants a piece of the Internet. It's fresh money, untapped, not the same tired old money that keeps getting shuffled & reshuffled & picked apart.
Same with this test.

[RandomGuy]

NYSE as of Feb 1, 2017
-20812

NYSE as of right now, Mar 2020:
-20924

I don't think we are anywhere near the floor.

[RandomGuy]

Krugman pointed out that the "business cycle" recessions from unstable Capitalism are less painful, shorter than BigFinance fuckups like 1929 and 2008 which are worse and longer .

It sounds like the current "demand depression" could turn into another BigFinance Banksters Great Depression, deep, severe, and long

btw, household and corporate debt are both a record levels, meaning "deleveraging" could be severe, with lots of defaults, repossessions.

Disaster Capitalism at its best

That is what it is looking like. The big D.

[Thread]

NYSE as of Feb 1, 2017
-20812

NYSE as of right now, Mar 2020:
-20924

I don't think we are anywhere near the floor.

There is no floor. I told ya's that over a week ago.

This-will-not-stop.

[RandomGuy]

If we’re going to live by the free market then we need to die by the free market (literally). We can’t selectively tell businesses to close without providing any form of relief.

Per capita income is directly correlated to life expectancy.

[spurraider21]

plummeting as we approach today's close. down over 13% now

[Will Hunting]

plummeting as we approach today's close. down over 13% now
Were very close to January 1, 2017 levels :lol

[spurraider21]

closed at -12.94% today

[Thread]

plummeting as we approach today's close. down over 13% now

You lucky thing, you.

[Splits]

https://i.kym-cdn.com/photos/images/original/001/781/371/c85.jpg

[Thread]

https://i.kym-cdn.com/photos/images/original/001/781/371/c85.jpg


Thank Christ, you were right, Splits.

tee, hee.

[spurraider21]

You lucky thing, you.
not really. i started up my 401k in january 2018 :lol... though i'm 30+ years away from collecting so not stressing yet

and a potential recession does nobody any favors except people who are very cash rich

[Splits]

You lucky thing, you.

fucking blood bath

3000

[Will Hunting]

If this lasts until August we’re going to see something that more closely resembles the Great Depression than 2008. At that point we would have 25+% unemployment and small businesses shutting down left and right.

[Thread]

fucking blood bath

3000

Not for me, remember, tights?

[Thread]

not really. i started up my 401k in january 2018 :lol... though i'm 30+ years away from collecting so not stressing yet

and a potential recession does nobody any favors except people who are very cash rich

Did you at least spend some of that windfall before Corona came a knockin'?

[Splits]

Not for me, remember, tights?

from 20 to 29 in 3 years, a full year of gains, lost in a single day :lmao

and now you're sitting 200 points off the Negro

[Thread]

from 20 to 29 in 3 years, a full year of gains, lost in a single day :lmao

and now you're sitting 200 points off the Negro

FDIC

[hater]

If this lasts until August we’re going to see something that more closely resembles the Great Depression than 2008. At that point we would have 25+% unemployment and small businesses shutting down left and right.

:lmao 25%?

id say over 50%

[Will Hunting]

:lmao 25%?

id say over 50%
I said 25+%. That’s where unemployment levels were during the Great Depression. Definitely not saying it’d stop there.

[spurraider21]

Did you at least spend some of that windfall before Corona came a knockin'?
do you not know how 401k's work?

[SnakeBoy]

While not doing it means we'll be at 7.3% death rate like Italy. There are only horrific choices at this point.

Keep saying this until they understand

[Thread]

do you not know how 401k's work?

Absolutely.

[Will Hunting]

Keep saying this until they understand
I understand perfectly, just don’t see a bunch of Medicare freeloaders who don’t pay any taxes dying as a horrible thing.

[Splits]

FDIC

https://i.imgur.com/pZbRmVX.png
200 above the Negro

[Thread]

https://i.imgur.com/pZbRmVX.png
200 above the Negro

What's the "Negro?"

[Will Hunting]

What's the "Negro?"
I’ll give you a hint: you think he was born in Kenya.

[Thread]

I’ll give you a hint: you think he was born in Kenya.

Understood.

[Splits]

I’ll give you a hint: you think he was born in Kenya.


Understood.

:lmao

[Spurs Homer]

What's the "Negro?"

what is it called...

when the FLATLINE

goes even further SOUTH?

[SnakeBoy]

I understand perfectly, just don’t see a bunch of Medicare freeloaders who don’t pay any taxes dying as a horrible thing.

Median age of death in Italy is down to 65 and dropping. As their healthcare system collapses the young are starting to die too. Keep acting like a douche if you want but this could easily touch you and yours in a very real way.

[Thread]

what is it called...

when the FLATLINE

goes even further SOUTH?

A Dem's wet dream?

[Will Hunting]

Median age of death in Italy is down to 65 and dropping. As their healthcare system collapses the young are starting to die too. Keep acting like a douche if you want but this could easily touch you and yours in a very real way.
If it does then oh well, but I don’t see why the government should be stepping in to help old people out right now when old people are the biggest believers in a free market economy. I think it’s time for them to bootstrap it and figure out a way to deal with the virus.

Austerity is the greatest antidote.

[Splits]

Understood.

The "I'm too dumb to be racist" schtik is beneath you.

Let me boil this down for you:

https://i.imgur.com/NFnZE23.png

[Thread]

The "I'm too dumb to be racist" schtik is beneath you.

Let me boil this down for you:

https://i.imgur.com/NFnZE23.png

Well, I honestly had no idea to what you were referring.

[Splits]

Well, I honestly had no idea to what you were referring.

That's what your generation called them, dumb fuck. And you're going to waltz in here like it is some obscure reference when we're comparing Obama vs. Trump market size? c'mon

[Spurs Homer]

A Dem's wet dream?


:lol

Nah

dems dont want to lose their $ either

But


when you (fraudulently) install a clown
you get a circus

[Spurs Homer]

what is it called...

when the FLATLINE

goes even further SOUTH?


anyone else?

splits?

[Thread]

That's what your generation called them, dumb fuck. And you're going to waltz in here like it is some obscure reference? c'mon

Yes, but, I still didn't make the connection to Obama. Honestly.

I couldn't figure out what you were talking about, so, I asked.

[Thread]

:lol

Nah

dems dont want to lose their $ either

But


when you (fraudulently) install a clown
you get a circus

It's too late, Homer. For the umpteenth time:::there is no floor. This-will-not-stop.

[Splits]

Yes, but, I still didn't make the connection to Obama. Honestly.

I couldn't figure out what you were talking about, so, I asked.

https://i.imgur.com/NFnZE23.png

[Thread]

I got hired yesterday afternoon, on a Sunday no less. Applied to the Census 3 months ago...never heard back for 3 months till yesterday. Now, NOW, now they hired me...to work the elderly area I reside in.

Wait till the wife finds out..."No, Dale no."

[Winehole23]

It's too late, Homer. For the umpteenth time:::there is no floor. This-will-not-stop.Your conversion from smugly superior camp follower to edgy, accelerationist doom and gloomer has been, uh, swift.

[Spurs Homer]

I got hired yesterday afternoon, on a Sunday no less. Applied to the Census 3 months ago...never heard back for 3 months till yesterday. Now, NOW, now they hired me...to work the elderly area I reside in.

Wait till the wife finds out..."No, Dale no."

Your Comrade - Nunes - says -

go out to da pub!

surely Nunes can vouch?

[Thread]

Your conversion from smugly superior camp follower to edgy, accelerationist doom and gloomer has been, uh, swift.

I've been consistent from the get-go on the stock market. Check my shit.

Most of you all tailor your materiel closely after your organic stance. I don't do that, never have, sports, or, otherwise. If something is "rotten" I don't spray perfume on it & trot it out.
There ain't so sense in me feeding (myself) horseshit in order to brazen it out to you fellows.
I ain't gonna be any happier lying to you guys in full knowledge that it's horseshit.

The whole fuckin' thing is gone. It's stupefying, absolutely graveling & sobering. Makes one a bit dizzy upon realization, a sense of shock, even. & I grieve for the old man. It was his pride & joy. He's set his mind & effort to it, the building & maintaining of that build, using different factions in & out of country to sear it whole. To watch it burn to the ground like this is sickening.

[baseline bum]

I got hired yesterday afternoon, on a Sunday no less. Applied to the Census 3 months ago...never heard back for 3 months till yesterday. Now, NOW, now they hired me...to work the elderly area I reside in.

Wait till the wife finds out..."No, Dale no."

Hasn't the state already forced you to go door to door to introduce yourself to all your neighbors tho?

[spurraider21]

I've been consistent from the get-go on the stock market. Check my shit.

Most of you all tailor your materiel closely after your organic stance. I don't do that, never have, sports, or, otherwise. If something is "rotten" I don't spray perfume on it & trot it out.
There ain't so sense in me feeding (myself) horseshit in order to brazen it out to you fellows.
I ain't gonna be any happier lying to you guys in full knowledge that it's horseshit.

The whole fuckin' thing is gone. It's stupefying, absolutely graveling & sobering. Makes one a bit dizzy upon realization, a sense of shock, even. & I grieve for the old man. It was his pride & joy. He's set his mind & effort to it, the building & maintaining of that build, using different factions in & out of country to sear it whole. To watch it burn to the ground like this is sickening.
lol. that's who you grieve for?

[Spurs Homer]

I've been consistent from the get-go on the stock market. Check my shit.

Most of you all tailor your materiel closely after your organic stance. I don't do that, never have, sports, or, otherwise. If something is "rotten" I don't spray perfume on it & trot it out.
There ain't so sense in me feeding (myself) horseshit in order to brazen it out to you fellows.
I ain't gonna be any happier lying to you guys in full knowledge that it's horseshit.

The whole fuckin' thing is gone. It's stupefying, absolutely graveling & sobering. Makes one a bit dizzy upon realization, a sense of shock, even. & I grieve for the old man. It was his pride & joy. He's set his mind & effort to it, the building & maintaining of that build, using different factions in & out of country to sear it whole. To watch it burn to the ground like this is sickening.

I'm sure the poor guy can wallow for a few more years with that windfall from the UAE, Saudis, Israeli's and of course the Russians...

pretty sure he banked it all somewhere safe (for now) and could give two shits if the rest of us die or go bankrupt.

[Thread]

lol. that's who you grieve for?


Absolutely. He vested himself into that Stock Market body & soul. He'd most likely built it as "President" for his adult life..."this is what I'd do." Gets the chance, builds it, gets factions in & out of country to insulate & guarantee it & gets Corona'd.

Staggering reality now.

[Spurminator]

Absolutely. He vested himself into that Stock Market body & soul. He'd most likely built it as "President" for his adult life..."this is what I'd do." Gets the chance, builds it, gets factions in & out of country to insulate & guarantee it & gets Corona'd.

Staggering reality now.

I don't know how a person with your brainpower manages to navigate getting food from his hands to his mouth.

[Thread]

I'm sure the poor guy can wallow for a few more years with that windfall from the UAE, Saudis, Israeli's and of course the Russians...

pretty sure he banked it all somewhere safe (for now) and could give two shits if the rest of us die or go bankrupt.

But, he didn't mind, in fact, looked forward to sharing that 3k DOW. Anybody would get a charge outta of seeing others make money like that & I heartily believed he did precisely that. That was his (model) he'd run numerous times in the Tower... "I'll do this. I won't do that. If this happens, I'll do this. This will work. I can get it high & most importantly keep it there. I can retard Recession thru the stock market. This is how. Watch me."

[Winehole23]

I've been consistent from the get-go on the stock market. Check my shit.

Most of you all tailor your materiel closely after your organic stance. I don't do that, never have, sports, or, otherwise. If something is "rotten" I don't spray perfume on it & trot it out.
There ain't so sense in me feeding (myself) horseshit in order to brazen it out to you fellows.
I ain't gonna be any happier lying to you guys in full knowledge that it's horseshit.

The whole fuckin' thing is gone. It's stupefying, absolutely graveling & sobering. Makes one a bit dizzy upon realization, a sense of shock, even. & I grieve for the old man. It was his pride & joy. He's set his mind & effort to it, the building & maintaining of that build, using different factions in & out of country to sear it whole. To watch it burn to the ground like this is sickening.Trump is burning it down. Incompetence is an accelerant.

[Thread]

Trump is burning it down. Incompetence is an accelerant.

Geez, I thought better of you than this, Winester.

[Spurs Homer]

But, he didn't mind, in fact, looked forward to sharing that 3k DOW. Anybody would get a charge outta of seeing others make money like that & I heartily believed he did precisely that. That was his (model) he'd run numerous times in the Tower... "I'll do this. I won't do that. If this happens, I'll do this. This will work. I can get it high & most importantly keep it there. I can retard Recession thru the stock market. This is how. Watch me."

And then...

you step back from the camera view...farther back...let the view go wide and see...


that Obama never tooted his horn like that - he just put sensible acts into place and did the hard work every day of CARING for his job, CARING for the american people, guided the ship with a steady hand -


and the stock market went on a 10 year upward run - and trump took over at year 8 and began taking credit -


until he fucked it up.

[pgardn]

Trump is burning it down. Incompetence is an accelerant.

asking permission to use this?

[Thread]

And then...

you step back from the camera view...farther back...let the view go wide and see...


that Obama never tooted his horn like that - he just put sensible acts into place and did the hard work every day of CARING for his job, CARING for the american people, guided the ship with a steady hand -


and the stock market went on a 10 year upward run - and trump took over at year 8 and began taking credit -


until he fucked it up.

Trump ain't Obama. Nothing wrong with tooting your horn if that is your make-up. Me? If I'd a built that 30k DOW I'd a worried myself sick that a "Corona" would come along and destroy it. I'd walk the halls day & night after I'd built it up there like that. But, a person like that (me) couldn't build it with that attitude. It took Him and his attitude, audacious as it is to build it with the intent to bypass the regularly scheduled Recession.

Bottom line:::said tooting didn't invite Corona inside the wire.

Not tooting ain't going to stop Corona when it rappelled over the wall. It was coming inPERIOD

[Spurs Homer]

Trump ain't Obama. Nothing wrong with tooting your horn if that is your make-up. Me? If I'd a built that 30k DOW I'd a worried myself sick that a "Corona" would come along and destroy it. I'd walk the halls day & night after I'd built it up there like that. But, a person like that (me) couldn't build it with that attitude. It took Him and his attitude, audacious as it is to build it with the intent to bypass the regularly scheduled Recession.

Bottom line:::said tooting didn't invite Corona inside the wire.

Not tooting ain't going to stop Corona when it rappelled over the wall. It was coming inPERIOD


He took obama's GIFT

claimed it as his - never said thanks -

now he owns it -period.

[Thread]

He took obama's GIFT

claimed it as his - never said thanks -

now he owns it -period.

You never give, Homer. You only take.

[Winehole23]

Geez, I thought better of you than this, Winester.
You helped him burn it down, Thread.

You're still helping him burn it down. You're not better than this.

[Thread]

You helped him burn it down, Thread.

You're still helping him burn it down. You're not better than this.

Get your own shit. That's my shit.

Mine.

[CosmicCowboy]

Laughing that you guys give the President so much credit for influencing things like the market, fighting covid19, etc. Gives simple minds someone to blame when the shit hits the fan, though.

[spurraider21]

Laughing that you guys give the President so much credit for influencing things like the market, fighting covid19, etc. Gives simple minds someone to blame when the shit hits the fan, though.
i dont really blame him for the market (nor did i give him any specific credit for it when numbers were good). but since he constantly wanted to take individual credit when the numbers looked good, i think its fair to throw it back. especially for people like ducks/thread who also touted the DOW as trump's success story

however, as to fighting covid, he absolutely deserves blame for not taking it seriously enough from the get-go, consistently brushing it off as not a big deal. his press conference today is the tone he should have had all along. people would listen to him brush it off, think it was bullshit hysteria or a hoax (thread still does), and went about business as usual, only increasing how far the virus spread

[Spurminator]

Laughing that you guys give the President so much credit for influencing things like the market, fighting covid19, etc. Gives simple minds someone to blame when the shit hits the fan, though.

The President of the United States is the most important voice of what should be wisdom and direction in a time of crisis.

He didn't create the coronavirus, and he isn't solely responsible for the stock collapse... but he is woefully unequipped to navigate the country through those things and the market knows it.

[Chucho]

The President of the United States is the most important voice of what should be wisdom and direction in a time of crisis.

He didn't create the coronavirus, and he isn't solely responsible for the stock collapse... but he is woefully unequipped to navigate the country through those things and the market knows it.

Best post in this thread.

[Splits]

Trump ain't Obama. Nothing wrong with tooting your horn if that is your make-up. Me? If I'd a built that 30k DOW I'd a worried myself sick that a "Corona" would come along and destroy it. I'd walk the halls day & night after I'd built it up there like that. But, a person like that (me) couldn't build it with that attitude. It took Him and his attitude, audacious as it is to build it with the intent to bypass the regularly scheduled Recession.

Bottom line:::said tooting didn't invite Corona inside the wire.

Not tooting ain't going to stop Corona when it rappelled over the wall. It was coming inPERIOD

:lmao he didn't build shit

https://i.imgur.com/NFnZE23.png

[RandomGuy]

Absolutely. He vested himself into that Stock Market body & soul. He'd most likely built it as "President" for his adult life..."this is what I'd do." Gets the chance, builds it, gets factions in & out of country to insulate & guarantee it & gets Corona'd.

Staggering reality now.

It was due for a wind down. It was overpriced historically, and there are some way overleveraged companies floating around.

Once the zombies can't refi their debt, we are going to see some heavy job losses.

[Thread]

:lmao he didn't build shit

https://i.imgur.com/NFnZE23.png

He built it from 20 to 29, by God.

[Thread]

It was due for a wind down. It was overpriced historically, and there are some way overleveraged companies floating around.

Once the zombies can't refi their debt, we are going to see some heavy job losses.

It was Corona'd, RG.

You lucked out & got your way.

[CosmicCowboy]

The President of the United States is the most important voice of what should be wisdom and direction in a time of crisis.

He didn't create the coronavirus, and he isn't solely responsible for the stock collapse... but he is woefully unequipped to navigate the country through those things and the market knows it.

Lmao. You expected differently? He's trump. Going to be running against Bidementia. God help us

[pgardn]

Lmao. You expected differently? He's trump. Going to be running against Bidementia. God help us if Trump wins again.

peagarden the fixer

[Splits]

He built it from 20 to 29, by God.

looks Flatlined to me

[Thread]

looks Flatlined to me

We got Corona'd.

[CosmicCowboy]

looks Flatlined to me

Must be the presidents fault. No other possible explanation.

[spurraider21]

Must be the presidents fault. No other possible explanation.
and all the gains must have been because of the president too. no other possible explanation

[midnightpulp]

:lmao he didn't build shit

https://i.imgur.com/NFnZE23.png

Yep. The unemployment trajectory is the same, too. That said, I feel the president doesn't have much control over the market unless he does something totally stupid. There's just too many forces at play either way for any single person or administration to have influence over.

[hater]

a couple of months of total shutdown will kill about 20% GDP

all the ammunition government has could increase about 2% GDP maximum

you do the math jigas

[Spurminator]

Lmao. You expected differently? He's trump. Going to be running against Bidementia. God help us

No, I didn't expect differently, and neither did Wall Street. That's my point.

And I trust the Ghost of Biden's Brain to still be smart enough not to put his inexperienced son in law in charge of response.

[TheGreatYacht]

IT'S HERE: Stock Market Implodes As The Fed Dumps TRILLIONS To No Avail

https://youtu.be/5CiINy3A3LA

I wonder if the T.E.A. party and fiscal conservatives will protest Trump's bail outs and stimulus package like they did with Obama

[Winehole23]

IT'S HERE: Stock Market Implodes As The Fed Dumps TRILLIONS To No Avail

https://youtu.be/5CiINy3A3LA

I wonder if the T.E.A. party and fiscal conservatives will protest Trump's bail outs and stimulus package like they did with ObamaOne of the great mysteries of politics is the great reluctance of either party to be Santa Claus in a depression.

lol.ducks so worried about what it will.cost and so jealous somebody else might get something for free too.

[RandomGuy]

One of the great mysteries of politics is the great reluctance of either party to be Santa Claus in a depression.

lol.ducks so worried about what it will.cost and so jealous somebody else might get something for free too.

Romney Suggests One-Time $1000 Payment to Every American to Help Offset Coronavirus Impact
https://news.yahoo.com/romney-suggests-one-time-1000-180412364.html

https://media.giphy.com/media/l41lFvtuqmey9QTAY/giphy.gif

[RandomGuy]

IT'S HERE: Stock Market Implodes As The Fed Dumps TRILLIONS To No Avail

https://youtu.be/5CiINy3A3LA

I wonder if the T.E.A. party and fiscal conservatives will protest Trump's bail outs and stimulus package like they did with Obama

One thing I will say for your posts:

I always forget the youtube coding, so I never have to look far for one of your posts to get it. :lol

[Winehole23]

Romney Suggests One-Time $1000 Payment to Every American to Help Offset Coronavirus Impact
https://news.yahoo.com/romney-suggests-one-time-1000-180412364.html

https://media.giphy.com/media/l41lFvtuqmey9QTAY/giphy.gifThat's probably not enough.

Did you see Zucman/Saez's buyer of last resort idea?

[Spurminator]

What do you guys think of Boeing stock right now?

[Thread]

One of the great mysteries of politics is the great reluctance of either party to be Santa Claus in a depression.

lol.ducks so worried about what it will.cost and so jealous somebody else might get something for free too.

Yep, they avoid it like the plague. It's the idea of (cash).

Like using a Credit Card is a different physiological act vs. passing cash to a cashier.

Even Manuchin this morning changed physical positions (and wouldn't look eye) when he was queried as to whether the amount would be that el forko grande that the Mormon recommended. You could almost feel the immediate tension..."Well, it won't be that much." (not verbatim).

[midnightpulp]

Yep, they avoid it like the plague. It's the idea of (cash).

Like using a Credit Card is a different physiological act vs. passing cash to a cashier.

Even Manuchin this morning changed physical positions (and wouldn't look eye) when he was queried as to whether the amount would be that el forko grande that the Mormon recommended. You could almost feel the immediate tension..."Well, it won't be that much." (not verbatim).

What are you gonna do with your 1000 bucks, Cub?

[DMC]

Romney Suggests One-Time $1000 Payment to Every American to Help Offset Coronavirus Impact
https://news.yahoo.com/romney-suggests-one-time-1000-180412364.html

https://media.giphy.com/media/l41lFvtuqmey9QTAY/giphy.gif

I realize there's some difference but how much real difference is that that a payroll tax decrease?

[spurraider21]

What do you guys think of Boeing stock right now?
catching a falling knife, eh?

[Blake]

What do you guys think of Boeing stock right now?

Peloton bike stocks soaring

[ElNono]

I realize there's some difference but how much real difference is that that a payroll tax decrease?

Well, main difference, as far as I can tell, is that you also help the unemployed?

[spurraider21]

Well, main difference, as far as I can tell, is that you also help the unemployed?
mainly this

and also, tax decrease disproportionately benefits the wealthy

[spurraider21]

Taking less of someone's money doesn't equal giving that person money. The math might look that way, but the fact is you're still taking from them
big difference!


how much real difference is that that a payroll tax decrease?
how much real difference tho?!?

[ElNono]

It's a handout no matter how you look at it, the only difference is who are the winners and losers.

[Thread]

What are you gonna do with your 1000 bucks, Cub?

2000 bucks with the wife's. I'd like to go to drive over to Vegas, but, that's not right.

[DMC]

:lmao he didn't build shit

https://i.imgur.com/NFnZE23.png

So why do you ignore the dip in Obama's Market but included in Trump's?

It's a rhetorical question, I know you're an asshat and why you do it.

[DMC]

mainly this

and also, tax decrease disproportionately benefits the wealthy

So you're saying someone with a million dollars that gets $1,000 is benefited exactly the same as if someone is dead broke gets $1,000?

But the virus doesn't care if you're wealthy or not. The wealthy could be disproportionately affected by the economic situation. I guess that parts okay?

[Thread]

So why do you ignore the dip in Obama's Market but included in Trump's?

It's a rhetorical question, I know you're an asshat and why you do it.

...Honest to Pete, D. If there is a bigger asshat than Splits I have nary idea who it could be.

[spurraider21]

So you're saying someone with a million dollars that gets $1,000 is benefited exactly the same as if someone is dead broke gets $1,000?

But the virus doesn't care if you're wealthy or not. The wealthy could be disproportionately affected by the economic situation. I guess that parts okay?
the wealthy have more means to get by in a difficult situation

imo, doesnt make sense to pass measures that disproportionately benefit the people who need the least assistance

[spurraider21]

So why do you ignore the dip in Obama's Market but included in Trump's?

It's a rhetorical question, I know you're an asshat and why you do it.
which dip is ignored? he went from inauguration to inauguration

[DMC]

It's a handout no matter how you look at it, the only difference is who are the winners and losers.
It's a lazy way. They need to examine people's cases on a case-by-case basis and the money needs to go where it's needed, not just poured out from a C130 drop over the country.

[RandomGuy]

I realize there's some difference but how much real difference is that that a payroll tax decrease?

Kind of hard to benefit from a break in payroll taxes when you are laid off.

[ElNono]

So you're saying someone with a million dollars that gets $1,000 is benefited exactly the same as if someone is dead broke gets $1,000?

But the virus doesn't care if you're wealthy or not. The wealthy could be disproportionately affected by the economic situation. I guess that parts okay?

Compared to an unemployed, poor person? How's that?

I mean, the absolute worst case for the wealthy is that they become..... an unemployed, poor person.

[ElNono]

It's a lazy way. They need to examine people's cases on a case-by-case basis and the money needs to go where it's needed, not just poured out from a C130 drop over the country.

They have the data, the problem is that it's not politically expedient.

They could just choose to assist only those who sent in an AGI of 60k or less, but then you'll have Fox News yelling 'class warfare' left and right.

[DMC]

Compared to an unemployed, poor person? How's that?

I mean, the absolute worst case for the wealthy is that they become..... an unemployed, poor person.
$1,000 wouldn't change my life at all. I highly doubt it would change anyone's life on this forum. It's not like toilet paper is going to magically appear in the stores if you have $1,000. We have systems in place to deal with unemployment. The money should go to states to support these outbreaks.

[RandomGuy]

What do you guys think of Boeing stock right now?

I think they will need to be bailed out, right along with the airlines. Every single one of their customers is going to go tits up, and cancel/delay orders.

Not sure how much their share price has been hammered to yet.

[ElNono]

$1,000 wouldn't change my life at all. I highly doubt it would change anyone's life on this forum. It's not like toilet paper is going to magically appear in the stores if you have $1,000. We have systems in place to deal with unemployment. The money should go to states to support these outbreaks.

Why not do both? What's with the reluctance to provide many forms of aid in a time of crisis?

It wouldn't make or break many of us, but it would undeniably help. Also, if we're talking about economic impact, putting 'free' money on people's wallets is one way to stimulate the economy. I mean, people still order online, etc.

[RandomGuy]

It's a lazy way. They need to examine people's cases on a case-by-case basis and the money needs to go where it's needed, not just poured out from a C130 drop over the country.

No, they don't need to examine people's cases on a case by case basis. End up spending so much time and effort on that, that you would end up wasting both.

The vast majority of people in the country that are in the lower income brackets, are going to almost certainly 100% spend every penny on bills and other needs.

[RandomGuy]

$1,000 wouldn't change my life at all. I highly doubt it would change anyone's life on this forum. It's not like toilet paper is going to magically appear in the stores if you have $1,000. We have systems in place to deal with unemployment. The money should go to states to support these outbreaks.

Marginal propensity to save.

[Thread]

Why not do both? What's with the reluctance to provide many forms of aid in a time of crisis?

It wouldn't make or break many of us, but it would undeniably help. Also, if we're talking about economic impact, putting 'free' money on people's wallets is one way to stimulate the economy. I mean, people still order online, etc.

Yes. It's the "Jaws" example:::

The mayor explains it to the sheriff. "I don't think you get the gut response to this, Martin. You say 'barracuda.' Everybody is: 'Huh, what? You say "shark" & we have a panic on the 4th of July."

Same thing here. "You say 'Payroll tax holiday,' Everybody is: "Huh, what? You say "$1,000 to every adult American and you have a panic on the floor of Congress."

[RandomGuy]

Why not do both? What's with the reluctance to provide many forms of aid in a time of crisis?

It wouldn't make or break many of us, but it would undeniably help. Also, if we're talking about economic impact, putting 'free' money on people's wallets is one way to stimulate the economy. I mean, people still order online, etc.

I would point out that the US governments ability to borrow money at record low interest rates... dang.

Talk about a multiplier effect. Fuck it, borrow a couple of trillion at -.5% and use that to let regular people get a taste of what the fucking bankers get. I would love to borrow money at -.5%. Just sayin.

[ElNono]

Yes. It's the "Jaws" example:::

The mayor explains it to the sheriff. "I don't think you get the gut response to this, Martin. You say 'barracuda.' Everybody is: 'Huh, what? You say "shark" & we have a panic on the 4th of July."

Same thing here. "You say 'Payroll tax holiday,' Everybody is: "Huh, what? You say "$1,000 to every adult American and you have a panic on the floor of Congress."

It's not really a messaging problem. There are actual, impactful differences between a payroll tax break and direct cash. ie: as we were saying, unemployed don't get access to the former, which, arguably have a bigger need than those employed.

[ElNono]

I would point out that the US governments ability to borrow money at record low interest rates... dang.

Talk about a multiplier effect. Fuck it, borrow a couple of trillion at -.5% and use that to let regular people get a taste of what the fucking bankers get. I would love to borrow money at -.5%. Just sayin.

There's a fine line, however. If this prolongs, there will be scarcity. That brings inflation, and you don't want to stoke that flame.

Especially since this administration has been living off the government credit card way before this crisis.

[Splits]

Mnuchin announcing $1t stimulus, Dow is like "meh" :lol

[spurraider21]

$1,000 wouldn't change my life at all. I highly doubt it would change anyone's life on this forum.
that's just because everybody on this forum is exorbitantly wealthy

$1000 can do a lot for a family that lives paycheck to paycheck to make rent and is suddenly out of work

[Thread]

It's not really a messaging problem. There are actual, impactful differences between a payroll tax break and direct cash. ie: as we were saying, unemployed don't get access to the former, which, arguably have a bigger need than those employed.

& I agree with your "Why not do both?" challenge. Keep as many American (whole) as long as possible.

& have these industries state their last 10 year profits during this sustained growth period. Get the bottom line, seal a (small) profit & guarantee your employees a (good) portion of their income before Corona while they shelter at home. Those industries won't do that though. They'll hoard as (we) hoard toilet paper & bottled water. It's human nature.

[Splits]

which dip is ignored? he went from inauguration to inauguration

I would argue a more fair assessment is Jan 1 of the year following inauguration as the endpoints.

But everyone from Trump to Dale to Media uses inauguration date. DMC just can't read a chart and Dale chirps whenever he thinks he found a nut.

[Thread]

I would argue a more fair assessment is Jan 1 of the year following inauguration as the endpoints.

But everyone from Trump to Dale to Media uses inauguration date. DMC just can't read a chart and Dale chirps whenever he thinks he found a nut.

I use what feather's my cap, just like you do, Splits.

[ElNono]

& I agree with your "Why not do both?" challenge. Keep as many American (whole) as long as possible.

& have these industries state their last 10 year profits during this sustained growth period. Get the bottom line, seal a (small) profit & guarantee your employees a (good) portion of their income before Corona while they shelter at home. Those industries won't do that though. They'll hoard as (we) hoard toilet paper & bottled water. It's human nature.

Plus if we're on the gamesmanship angle, not doing so is politically very costly.

[DMC]

Yes. It's the "Jaws" example:::

The mayor explains it to the sheriff. "I don't think you get the gut response to this, Martin. You say 'barracuda.' Everybody is: 'Huh, what? You say "shark" & we have a panic on the 4th of July."

Same thing here. "You say 'Payroll tax holiday,' Everybody is: "Huh, what? You say "$1,000 to every adult American and you have a panic on the floor of Congress."

And what of the undocumented immigrants?

[RandomGuy]

So you're saying someone with a million dollars that gets $1,000 is benefited exactly the same as if someone is dead broke gets $1,000?

But the virus doesn't care if you're wealthy or not. The wealthy could be disproportionately affected by the economic situation. I guess that parts okay?

Economics lesson for right wingers #1:

Take away 70% of a CEO's 10,000,000 paycheck, and they still get a paycheck for 3M. 3M is sufficient to sustain life.

Take away 10% of the income of someone who is living paycheck to paycheck, as millions of americans are. and they drown in debt and become homeless.

Is the wealthy CEO disproportionately affected? Yes or no?


Yes that part is ok.

[rascal]

Suspend banks from collecting on loans so no rents, mortgages or any loans have to be paid for at least 3 months.

[hater]

Suspend banks from collecting on loans so no rents, mortgages or any loans have to be paid for at least 3 months.

:tu