Reply With Quote
The spectre of real scarcity in the USA is raised
https://www.msn.com/en-us/news/us/us...es/ar-BB11ktjA
and the provincial lockdown was enforced by cops and drones and phone tracking
American lockdowns would be voluntary, and of course Repugs won't cooperate, because socialism and Obama
The spectre of real scarcity in the USA is raised
https://www.msn.com/en-us/news/us/us...es/ar-BB11ktjA
Did the hidden hand steal from our day of adversity?
(insert random scare tactic link here)
Be afraid, there's foul play afoot and it's been determined that birth is 100% fatal!
“All Is About to Break Loose”: Could Wall Street’s Coronavirus Tsunami Get Worse?
In the current crisis, private equity, with its mountains of debt, could be the weak link, said a very senior Wall Street banker.
If limited partners don’t kick in cash when asked, things could get very bad.
https://www.vanityfair.com/news/2020/03/could-wall-streets-coronavirus-tsunami-get-worse?utm_source=nl&utm_brand=vf&utm_mailing=VF_Hi ve_032020&utm_medium=email&bxid=5bd6795524c17c1048 022fcc&cndid=43758549&hasha=992d608214b505003aa04b f10a595031&hashb=542eb31d958e85ddd5a4c3ccf3faae185 26a77bd&hashc=54b3612ab970ce13a64a16665b1987080ca5 b72e2ee762b722fbba6ab378f2f5&esrc=bounceX&utm_camp aign=VF_Hive_032020&utm_term=VYF_Hive
I told ya's a fortnight ago..."there is no floor. This-will-not-stop."
Forget it. Don't try to address it, don't nurse it. Don't even look at it.
Turn to CoronaPERIOD
Get ready for the deleveraging.
Come on No-Take, have a take.
Tell us how bad it won't get.
Here is what the business press is saying:
"massive outflows"
"liquidity problems"
"solvency problems"
"deleveraging"
"supply destruction"
"demand destruction"
That was the phrasing from just a few minutes interview with the Bloomberg network's chief financial analyst.
Wheeeeee......
Mnuchin Says Recession Is A ‘Technical Question’ That’s
‘Not Terribly Relevant’
https://talkingpointsmemo.com/news/m...nt-coronavirus
one would think a Fed estimate of 30% unemployment and a 50% hit to Q2 GDP would inspire Congressional enthusiasm to stanch the wound.
We'll see.
an assessment from SurveyUSA,
9% of working Americans (14 million) so far have been laid off as result of Coronavirus;
1 in 4 workers have had their hours reduced.
http://www.surveyusa.com/client/Poll...SLn1bSyjG8nxaw
Most renters won’t receive eviction protections under Trump’s coronavirus proposal
https://www.chicagotribune.com/coronavirus/ct-nw-coronavirus-renters-assistance-evictions-20200320-oor27idfmvh47gkm4vrukg6ejq-story.html
FT reports stock market down the Sunday evening max of 5%
St Louis Fed President Bullard said unemployment could reach 30% and GDP fall by 50% in Q2.
Was that a scare tactic?
By comparison, the top unemployment rate in the Great Depression was 24.9% -- in 1933, four years in.
Economically speaking, this could be a bigger shock than the Great Depression. The EU is already contracting and China probably did too.
Bend over, I'll show how bad it will get.
Speculation that no one here can do anything about nor prepare for is a scare tactic. You and some others here love to wind up as tight as possible, the end of the worlders, the lot of you. You seem to long for it.
It's not my estimate, it's a Fed President's. Our political representatives can either get out in front of the the shock or not. Whether or not they do will have an effect on the duration of the recession.
You can't plan for contingencies without talking about them. Refusing to consider them because they "sound" outlandish seems to me the greater irresponsibility than considering and planning for them.
Fed buying municipal bonds now. A few weeks ago they said they didn't have the authority to do that.
More catastrophizing, I'm sure, cities aren't in any danger from this.
Back to July 16 on the DOW
Republicans wanted to give Treasury a 500bn discretionary fund to aid businesses. Letting the most corrupt administration in modern US history pick winners and losers... yeah, I trust those ers as far as I could throw them.
Sales taxes, and property taxes... they are. Municipal bonds have been pummeled for a reason.
I was teasing DMC, he likes to suggest that COVID-19 is little worse than a scraped knee
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions