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~* Make America Great Depression Again -- Official Thread of Corona Virus infected markets *~


Jason

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17 minutes ago, Jose said:

 

Yes? Fuck yes?

 

Better to have a senator vote with Trump 52.5% (Manchin) of the time rather than 94.9% (Capito) of the time.

 

Honestly, if you bothered to do your research, you would have far more cause to be annoyed with Sinema than Manchin.

 

 

Familiarity breeds contempt.

 

It was such an easy vote I just don't understand it.

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3 hours ago, Scott said:

I thought this offered some helpful perspective:

 

From Reddit - 

 

"The market has dropped about 25% right now, sweet, so cheap right?

The equivalent point in 2008-9 was Sep 2008. The market dropped another 40% from that point before hitting bottom, and it took nearly 27 months to start growing up from that 9/08 level. That is a long, long time to realize 0% ROI. Buying in Sep 2008 was not a "deal". It was not "on sale". It was just locking you in to a very long and painful period of 0 growth at a time you NEEDED an extended emergency fund.

If "previous level" means the peak, it took over 6 years to return."

 

Seeing stocks down is an enticement to buy, but I think I'll just be padding my emergency fund for a while.

If you look at market cap-to-gdp, the market still has to decline about 30-35% more to get back to a historically ‘cheap’ level.

 

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10 hours ago, Jose said:

 

Yes? Fuck yes?

 

Better to have a senator vote with Trump 52.5% (Manchin) of the time rather than 94.9% (Capito) of the time.

 

Honestly, if you bothered to do your research, you would have far more cause to be annoyed with Sinema than Manchin.

 

 

 

Agreed on the last part, but I get what b_m is saying. With the amount of people unemployed and and GOP Senators in Utah and Alaska voting yes, I don't see anything they had to lose. I really don't think rural dudes in WV oppose paid sick leave after they're unemployed.

 

Trump's signing the bills: I don't think they have to protect themselves in Trump Country from voting for something Trump signed.

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When we consider the fact that we don't really have a left wing/right wing duopoly, that what we really have is one party of serious governors whose political leanings are generally "left" but still span a wide range of opinions and one party of authoritarians/oligarchs/dominionists, I would absolutely take fucking Joe Manchin or Krysten Sinema over the alternative any day of the goddamn week.

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15 minutes ago, Anathema- said:

They can be held accountable!

 

In office!

 

Where no Republican ever would be held accountable!

 

Yes, they are in office. Democratic leaders have also said to hold Democrats accountable once they're voted in; ignoring it or changing the argument means they can do whatever they want, even if it's bad policy (see: Iraq War). 

 

The vote really doesn't make much sense unless they actually believe this, and in Sinema's case, I highly doubt it.

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I've said it before. The country is run by senior citizens that are either stupid, evil, or evil and stupid.

 

Forget about not being able to find toilet paper in stock somewhere, we're about to see a hundreds of thousands Americans not even have the money to afford rolls of toilet paper. That reality is literally less than two weeks away. There's is no reason to believe unemployment offices around the country, that normally handle thousands of requests a month, will be able to manage thousands of requests a day. Hell, the last time I was laid off due to staff reductions, I didn't see my first unemployment check for more than a month. I already had accepted a new position at another company before I actually saw a check in the mail. However, sure, that's a fine way to help folks in need today.

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1 hour ago, b_m_b_m_b_m said:

 

 

 

Nice to know that a 4th of the country, even when faced with a complete financial and social meltdown we haven't seen the likes of since the Great Depression, still cross their arms and go, "nope, can't do it, some black welfare queen might buy lobster with it".

 

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46 minutes ago, Chairslinger said:

 

 

Nice to know that a 4th of the country, even when faced with a complete financial and social meltdown we haven't seen the likes of since the Great Depression, still cross their arms and go, "nope, can't do it, some black welfare queen might buy lobster with it".

 

xeevvhjqhcrxuwghnezz.png

 

I see posts on my FB all the time using the slippery slope fallacy of equating any kind of (more) democratic socialism with communism.  "Healthcare for all = communism."  The Midwest and rural areas of this country still live the Cold War mentality.  They only accept what they are exposed to, which is capitalism - a man makes himself, and a man makes for himself, fuck people you don't know!  

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