Coronavirus & Possible Economic Recession

**hater** · 03-09-2020

Problem, reaction and solution. The Coronavirus vaccine was already invented before the flock of sheep got infected. All that was needed was to spread the virus. Fool the masses. And once again, it worked. Or it's working.

your theory is wrong because top government officials are getting sick

**CosmicCowboy** · 03-09-2020

Trust me on this one. If you have the down payment you should buy now. The combination of price and low interest will never be better. The caveat is if you are looking at near downtown stuff. Crap houses are going for stupid money.

Crap. Thought I copied will hunting post about buying a house.

**SnakeBoy** · 03-09-2020

Originally Posted by hater

Dear Dr Paul

End the Fed. Gold Standard!

and Feel the Bern

**DMC** · 03-09-2020

Originally Posted by Winehole23

You just made a crack about investing in hospitals when they run out of beds and start leaving people in the hall.

You can't help yourself, all this is just a game to you -- a very lucrative game.

Originally Posted by Winehole23

Discussion of issues happens on discussion boards.

Get over it.

**Winehole23** · 03-09-2020

Originally Posted by DMC

Discussions about the discussions happen too.

**Winehole23** · 03-09-2020

DMC gets pissy when people have opinions or opinions about those opinions -- on a politics discussion board.

Weird hobby.

**rjv** · 03-10-2020

the feds boosted overnight repos overnight from $50 billion to $150 billion. this is just a more benign form of quan ave easing; since last september the fed has dumped more than $500 billion into the market.

**Winehole23** · 03-10-2020

Originally Posted by rjv

the feds boosted overnight repos overnight from $50 billion to $150 billion. this is just a more benign form of quan ave easing; since last september the fed has dumped more than $500 billion into the market.

There's also the not-QE that goes something like this: broker-dealers like JP Morgan Chase and Goldman Sachs buy billions of Treasurys when the auction window opens, then the Fed buys them back a few days later at a premium.

**Winehole23** · 03-10-2020

Low prices and tight credit were already a problem for shale drillers. A prolonged price war could put half of them out of business.

Shale drillers were already facing substantial hurdles with cash flow problems and maturing debt. “We are preparing for two years of low prices and will make the necessary adjustments to maintain our great balance sheet,” Pioneer Natural Resources’ CEO Scott Sheffield told the Washington Post. Pioneer’s share price cratered by 32 percent on Monday.

Assuming prices stay low, Mr Sheffield said that “Probably 50% of the public E&Ps will go bankrupt over the next two years.".

https://oilprice.com/Energy/Crude-Oi...-Bankrupt.html

**rjv** · 03-10-2020

Originally Posted by Winehole23

There's also the not-QE that goes something like this: broker-dealers like JP Morgan Chase and Goldman Sachs buy billions of Treasurys when the auction window opens, then the Fed buys them back a few days later at a premium.

, banks can borrow from the feds at .15% interest and if they leave the money with the Fed for a while the Fed then pays them at .25%. free money!

**CosmicCowboy** · 03-10-2020

Originally Posted by CosmicCowboy

Trust me on this one. If you have the down payment you should buy now. The combination of price and low interest will never be better. The caveat is if you are looking at near downtown stuff. Crap houses are going for stupid money.

Crap. Thought I copied will hunting post about buying a house.

Doing a refi on the lake house right now...15 year is 2.35%

**Winehole23** · 03-10-2020

Originally Posted by rjv

, banks can borrow from the feds at .15% interest and if they leave the money with the Fed for a while the Fed then pays them at .25%. free money!

They've been doing this for over a decade.

Free for banks, TANSTAAFL for you and me.

**hater** · 03-10-2020

Originally Posted by CosmicCowboy

Doing a refi on the lake house right now...15 year is 2.35%

interest rates will be lower around May

waiting on that

**rmt** · 03-13-2020

Originally Posted by Will Hunting

I’m torn between whether or not I should buy a place. Rates are clearly low but I think prices are high. Leaning towards holding off since I think prices come down before rates go up.

You should buy, WH - don't wait for prices to go down (it almost always trends upward except 2008ish) - low interest rates more than make up for price (just make sure it's similar to comparable properties) in monthly payment. At least start looking.