Coronavirus & Possible Economic Recession

[DMX7]

I didn't think it was going to be big deal but it may be. The hospitality and travel industry are already doing hiring freezes, delays to salary increases, etc. It's not looking good. Conferences are getting cancelled and more. This is why you don't run massive deficits during good economic times because they will explode even bigger if we do get a recession. Naturally the Federal Reserve has little it can do. Sad.

[CosmicCowboy]

I got laughed at a few days ago when I said interest rates could be headed to zero. I expect another rate cut in two weeks at the Feds next scheduled meeting. The 10 year is already down to .9%

[DMX7]

I got laughed at a few days ago when I said interest rates could be headed to zero. I expect another rate cut in two weeks at the Feds next scheduled meeting. The 10 year is already down to .9%

In Trump's dream world the federal reserve would have negative interest rates. Yeah, that's worked really well for other countries.

[hater]

great time to refinance. 30 yr rates could be < 3%

[hater]

In Trump's dream world the federal reserve would have negatie interest rates. Yeah, that's worked really well for other countries.

this will most likely happen

[picnroll]

I got laughed at a few days ago when I said interest rates could be headed to zero. I expect another rate cut in two weeks at the Feds next scheduled meeting. The 10 year is already down to .9%

Isn’t going to help, economies toast. Trump’s going to have to find a new story to sell.

[boutons_deux]

Coronavirus Impact on Airlines Has Warren Buffett Down $2.7 Billion Year to Date

https://247wallst.com/transportation...F7+Wall+St.%29

[boutons_deux]

US airlines are waiving fees and canceling domestic flights as coronavirus spreads

Global air travel is expected to decline for the first time since 2009.

https://www.vox.com/the-goods/2020/3/5/21166359/us-airlines-coronavirus-cancel-flights-waiving-fees

[boutons_deux]

Futures plunge on virus fears as California declares emergency


the epidemic could hit revenue at passenger airlines by up to $113 billion

https://www.reuters.com/article/us-usa-stocks/futures-plunge-on-virus-fears-as-california-declares-emergency-idUSKBN20S1MX?feedType=RSS&feedName=topNews&utm_so urce=feedburner&utm_medium=feed&utm_campaign=Feed% 3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%2 9

[Will Hunting]

I got laughed at a few days ago when I said interest rates could be headed to zero. I expect another rate cut in two weeks at the Feds next scheduled meeting. The 10 year is already down to .9%

Yeah you’re not wrong for saying that but imo the fed doing this was dumb. Didn’t do anything to calm people down and all it’s going to do is create a giant amount of uncertainty within the capital markets that freezes money up.

[TheGreatYacht]

great time to refinance. 30 yr rates could be < 3%

I'm waiting for the economy to officially tank and interest rates to drop down to recession numbers so I can refinance my small close to $50k balance on my home.

[Will Hunting]

I'm waiting for the economy to officially tank and interest rates to drop down to recession numbers so I can refinance my small close to $50k balance on my home.

Rates are already below recession numbers

[Winehole23]

Rates are already below recession numbers

12 years of interest rate suppression. When the music stops the Fed won't have much downside to play with

[CosmicCowboy]

In Trump's dream world the federal reserve would have negative interest rates. Yeah, that's worked really well for other countries.

Uhhh the president doesnt control the fed.

[CosmicCowboy]

12 years of interest rate suppression. When the music stops the Fed won't have much downside to play with

Yep

[picnroll]

Uhhh the president doesnt control the fed.

Not for want of trying. If Trump had had his way we’d have had negative rates a year ago.

[CosmicCowboy]

Not for want of trying.

Like any President.

[DMC]

In Trump's dream world the federal reserve would have negative interest rates. Yeah, that's worked really well for other countries.

In Sanders' dream world, all loans would be forgiven.

[Will Hunting]

12 years of interest rate suppression. When the music stops the Fed won't have much downside to play with

Pretty much.

[DMC]

Rates are already below recession numbers

TGBY showing his poverty

[DMX7]

Uhhh the president doesnt control the fed.

He appointed the fed chair and he berates him constantly demanding negative rates. That’s what I’m talking about.

[picnroll]

He appointed the fed chair and he berates him constantly demanding negative rates. That’s what I’m talking about.

... and if he gets re-elected him replace the chair with some yes man flunky. He would have already but he got push back from his own cabinet. The only thing Trump knows about economics is how to float crooked loans.

[TheGreatYacht]

Rates are already below recession numbers

Wait, so if the economy tanks and we have a recession you mean I won't get any better interest rates than now? Damn...better start looking for a bank then. My current mortgage rate is 6.25

TGBY showing his poverty

My home is worth $300k. I bought it a little less than 2 years ago. I would say I have a decent home equity available to me. I like keeping my mortgage balance around the $50k-$60k range to maintain my 820 FICO score. Plus, unless you're very super rich to where you can buy cars and yachts in cash, then it's not a smart move to pay off your mortgage early.

[TimDunkem]

Whatever happens, I know I'll still have to go into work. Fml

[DMX7]

SXSW cancelled. Weak...