I can make an honest assessment without needing to put on a red or blue uniform, unlike you, mouthbreather. My support doesn't automatically go to anyone. They have to earn it. You should try that approach if you didn't need someone to spoon feed you your takes.Sure you do.
You’ve been pawed into admitting your support for DJT.
You resisted for the longest time.
“I like biden”
“I’m deciding between biden and mayor pete”
But I brought you home to your daddy. And you took him. Full on.
Now you’re just an unserious, full blown (no pun intended) trump supporter. Just like, chris and derp. The guys For who you regularly avenge.
It’s better that you’ve come out of the closet. Now you can openly have ty heartfelt takes about how well the president is performing.
Dee Mack!
You'll never know who I vote for because it's not your business to know. I can give every name on the ballot and you'll eat the breadcrumbs like a dog being led on a leash. You'll never catch on.
So when I asked you if you were back to supporting biden after mayor pete flamed out and you said you supported trump, you were lying?
That’s not going to play with “honest broker“ shtick you’ve been playing recently.
You’re either a bag troll or a DJT supporter. I’m ok with either tbh.
I'm glad you're ok with either. I was worried about it tbqh. Do I claim to be a bag troll or a DJT supporter... bag troll... DJT supporter... wow. HUGE decision. Then one night it dawned on me and I went to sleep and haven't thought of you since. It dawned on me that you would be ok with either because that's just how you're constructed internally.
Pawed at
“WEAK SISTERS”:
FORGET THE DOW.
CREDIT IS THE REAL WALL STREET DANGER
It’s not 2008—but in the credit markets during the COVID-19 crisis, there are signs of extreme financial and economic nervousness.
the action on Wall Street is moving quickly to the credit markets, and
that’s when things can begin to get really scary.
the credit markets are where the rubber meets the road for capitalism.
If businesses can’t get access to the capital they need
to finance payroll,
to pay their bills,
to make expenditures on new projects, or
to simply run things on a daily basis,
then the economic consequences get dire.
companies of all stripes are drawing down the lines of credit that they have from their banks.
This is, of course, a “better safe than sorry” course of action—
take the money down whether you need it or not because otherwise when you really need it you might not be able to get it.
But it’s also a leading indicator of extreme financial and economic nervousness.
Thanks to the reforms in the wake of 2008 financial crisis—
reforms that Donald Trump is eager to try to continue rolling back—
Wall Street banks are much better capitalized now than they were then.
The risk still exists, and plenty of it.
Nowadays it’s contained in what’s known on Wall Street as
the “shadow banking” system,
inside relatively less regulated financial players who buy and sell packages of loans and other risky debt securities.
There are also big credit funds that have sprung up inside any number of private-equity firms and hedge funds.
https://www.vanityfair.com/news/2020..._term=VYF_Hive
lmemulatedao!!Pawed at
*brushes his hair in the mirror*
https://www.nakedcapitalism.com/2020...e-worsens.html
China is estimated to have negative growth for Q1.
That will ripple, especially as the US and EU shut down simultaneously. Negative feedback.
10-year graph
https://www.macrotrends.net/1319/dow...storical-chart
If you ever fantasized about cheating on your taxes this would be the year to do it.
My prior employer (that I worked for in 2019) went completely s up and hasn’t sent me a W-2 yet so I’m getting bailed out big time in that regard....not the slightest ing idea how I’m going to be able to do my taxes without a W-2
You can do a good faith estimate, if memory serves. Definitely a question for a professional though.
im usually able to put together my own returns (mostly just basic W2's, standard deduction, etc) but this year i had to get some help because i moved states half way through the year, and my employer never updated my withholdings to reflect Virginia taxes... so i ended up overpaying CA a ton and not paying anything to VA.
i would still be wary of filing returns knowing there you have undisclosed income, but yeah hard to know what to do when missing a w2. i mean presumably that w2 would also include your tax withholdings and for all you know would net you a refund, too
Not sure if anyone has posted about this yet, but the Fed's announcement that it's ins uting a commercial paper program where it's loaning money directly to non-banks should be getting a lot more attention. It's the right move and I agree with it, but also a sign of how bad things might get.
It's the first time in my lifetime that the Fed has done anything like this and I'm not even sure if the Fed had a direct lending program in place during the Great Depression.
What cons ute’s a non-bank that they might be lending to. Are they concerned about the solvency of things like Schwab, Vanguard, etc.
They're worried about commercial paper markets freezing up. I might have misstated what they're doing, but in a nuts they're taking on the risk of owning commercial paper which is something they didn't even do during the financial crisis.
https://www.federalreserve.gov/newse...y20200317a.htm
Mnuchin allegedly warned Republican Senators about 20% unemployment.
That level was last reached in 1935.
in 2008, broker dealers like Bear Stearns and Lehman Bros and insurance companies like AIG.
That's a good question. I don't know who all might count.
20% unemployment? With cities on lockdown for months and nonessential business shut down I can't imagine that number would be less than 50%.
Saw that, yes.
I doubt the Fed did anything that inventive in 1929-39
You really think cities will be locked down for months?
I can't see that happening.
Neither can I. Not because the governments wouldn't try but because they couldn't enforce it. People would go crazy and businesses won't be able to survive shut down so long.
In the best case that China's actually being truthful, Wuhan has been locked down for what, 2.5 to 3 months now to get their outbreak in check.
It's already happening.
So much for moral hazard
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