b_m_b_m_b_m Posted March 21, 2020 Share Posted March 21, 2020 1 hour ago, Signifyin(g)Monkey said: That is definitely not a -worthy event. I don’t want Trump re-elected either, but c’mon—people are losing their retirement savings, they’re losing their jobs...even considering what might happen with the courts, we should all be pulling for economic prosperity for everyone, whether it helps Trump or not. Fuck whose president, it’s all about the people. Not just directed at you, and I don’t want to come off as a sanctimonious prick if you were just making an abrasive joke; I’m just seeing this in way too many places, with people who are *not* joking, and while the drug of schadenfreud’s always tempting, no self-respecting dem/liberal/liberal-centrist/anti-Trumper/etc. should start acting like those craven, infantile Republicans/right-wingers who got upset when unemployment started getting relatively low under Obama. (Remember they started calling it ‘fake’ up until Trump got elected?) In addition, what makes people think that dems would benefit, and we wouldn't fall further into an authoritarian trap? 1 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 21, 2020 Share Posted March 21, 2020 I'm ok with this..? Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 21, 2020 Share Posted March 21, 2020 Ban all companies from buy-backs forever. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 21, 2020 Share Posted March 21, 2020 13 minutes ago, CitizenVectron said: Ban all companies from buy-backs forever. Nah, they just need limits. I would also be fine if buy backs had to include reallocating some of the purchased shares as stock options to all non executive level employees. Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted March 21, 2020 Share Posted March 21, 2020 “Well, ventilators are a machine.” - Donald J. Trump 1 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 21, 2020 Share Posted March 21, 2020 6 minutes ago, Uaarkson said: “Well, ventilators are a machine.” - Donald J. Trump Quote Link to comment Share on other sites More sharing options...
Reputator Posted March 21, 2020 Share Posted March 21, 2020 7 hours ago, Signifyin(g)Monkey said: That is definitely not a -worthy event. I don’t want Trump re-elected either, but c’mon—people are losing their retirement savings, they’re losing their jobs...even considering what might happen with the courts, we should all be pulling for economic prosperity for everyone, whether it helps Trump or not. Fuck whose president, it’s all about the people. Tanking the economy to own the gop. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 21, 2020 Share Posted March 21, 2020 2 hours ago, Uaarkson said: “Well, ventilators are a machine.” - Donald J. Trump Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 22, 2020 Share Posted March 22, 2020 Fuck when you put it that way.................... Fuck 6 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 22, 2020 Share Posted March 22, 2020 Ok lol now I'm going to bed 2 Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted March 22, 2020 Share Posted March 22, 2020 18 hours ago, osxmatt said: I'm ok with this..? I mean it was bound to happen he’d do or say something right. Law of averages. Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted March 22, 2020 Share Posted March 22, 2020 2 hours ago, Spawn_of_Apathy said: I mean it was bound to happen he’d do or say something right. Law of averages. Well, the same thing happened with the ban for travel from China. That was probably a good idea in hindsight, but Trump just lucked his way into it because that's his xenophobic answer to everything. I heard a nice succinct explanation for why Trump shouldn't recieve much credit for it, "The travel ban basically bought us two weeks, but Trump didn't do anything with those two weeks". He thought the ban was the answer, instead of treating it as what it was....a way to buy time until we got the answer...or at least prepared. I think this is important because now Trump seems to be doing the same with the social distancing. He thinks, "Welp, that fixes that, time for a Diet Coke and two scoops of ice cream!". Instead of using the time this is buying us he is concerned with blaming China and scoring political points. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 22, 2020 Share Posted March 22, 2020 We need to be sending multiple trillions of dollars to people, yesterday Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 22, 2020 Share Posted March 22, 2020 Morgan Stanley is now predicting -30% GDP in 2Q. Quote Morgan Stanley economists said the coronavirus will inflict a deeper recession on the U.S. than previously expected, including a record 30.1% drop in gross domestic product in the second quarter. Less than a week since forecasting a 4% contraction in April through June, the economists led by Ellen Zentner said they now anticipated a steeper drop and that unemployment will average 12.8% and consumption will fall 31% in the quarter. “Economic activity has come to a near standstill in March,” the economists said in a report to clients on Sunday. “As social distancing measures increase in a greater number of areas and as financial conditions tighten further, the negative effects on near-term GDP growth become that much greater.” The Morgan Stanley team predicts GDP will fall 2.4% in the current quarter, but will begin to recover in the third quarter. Overall, they project the U.S. economy to contract 2.3% on a fourth quarter to fourth quarter basis in 2020, taking full-year global growth down to just 0.3%. Elsewhere, JPMorgan Chase & Co. said last week it expects GDP to shrink 14% in the April-June period and Goldman Sachs Group Inc. sees a 24% plunge. Bloomberg Economics predicts a 9% tumble. 1 Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted March 22, 2020 Share Posted March 22, 2020 I feel like I've been getting more and more aggravated lately thinking about what they're doing to limit economic losses. Republicans fought Obama tooth and nail over an $800 billion stimulus package, and now we're getting three packages back to back, one of them being over one and a half trillion dollars. Imagine how much quicker we could have gotten out of the 2008 Great Recession had they work with the president and how many people's lives would have been helped sooner. Quote Link to comment Share on other sites More sharing options...
Amazatron Posted March 22, 2020 Share Posted March 22, 2020 NYSE trading floor closed. Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted March 22, 2020 Share Posted March 22, 2020 Just now, SaysWho? said: I feel like I've been getting more and more aggravated lately thinking about what they're doing to limit economic losses. Republicans fought Obama tooth and nail over an $800 billion stimulus package, and now we're getting three packages back to back, one of them being over one and a half trillion dollars. Imagine how much quicker we could have gotten out of the 2008 Great Recession had they work with the president and how many people's lives would have been helped sooner. But her emails the deficit.... Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 22, 2020 Share Posted March 22, 2020 So futures have started back up in prep for tomorrow. Let's take a look. 18,086.00USD -954.00 -5.01% Well fuck.... Hope this rebounds before markets open and we don't hit another blood bath on monday. https://www.bloomberg.com/quote/DM1:IND 38 minutes ago, Amazatron said: NYSE trading floor closed. Pretty sure that happened last week.. --update- https://time.com/5805954/nyse-close-trading-floor-coronavirus/ Guess it was listed as temp but I saw in another article it that goes into effect on the 23rd (monday). Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 22, 2020 Share Posted March 22, 2020 Can we also do a massive 2 trillion dollar infrastructure package while we are spending all this cash? Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 22, 2020 Share Posted March 22, 2020 2 minutes ago, Massdriver said: Can we also do a massive 2 trillion dollar infrastructure package while we are spending all this cash? No handouts Quote Link to comment Share on other sites More sharing options...
Amazatron Posted March 22, 2020 Share Posted March 22, 2020 Yeah, futures hit the limit down in four minutes. Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted March 23, 2020 Share Posted March 23, 2020 1 hour ago, Amazatron said: Yeah, futures hit the limit down in four minutes. Monkey paw presidency strikes again. He promised us record breaking stock market numbers..... Quote Link to comment Share on other sites More sharing options...
Remarkableriots Posted March 23, 2020 Share Posted March 23, 2020 https://amp.cnn.com/cnn/2020/03/21/us/toilet-paper-calculator-coronavirus-trnd/index.html Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 23, 2020 Share Posted March 23, 2020 37 minutes ago, Remarkableriots said: https://amp.cnn.com/cnn/2020/03/21/us/toilet-paper-calculator-coronavirus-trnd/index.html We just paid $20 for a 4 roles to send to my grandmother in law (who lives 2000 miles away in Pensacola) because she's 85 years old and only has one role left. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 23, 2020 Share Posted March 23, 2020 Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 23, 2020 Share Posted March 23, 2020 27 minutes ago, SFLUFAN said: I guess that explains why futures are up this morning about ~7% from where they were an hour ago (currently at +3.6% from closing). Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted March 23, 2020 Share Posted March 23, 2020 43 minutes ago, SFLUFAN said: Wow—sounds like they’ve decided to go full-on Japanese. They’re even buying ETFs. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 23, 2020 Share Posted March 23, 2020 27 minutes ago, Signifyin(g)Monkey said: Wow—sounds like they’ve decided to go full-on Japanese. They’re even buying ETFs. You could probably draw a dollar sign in crayon on a piece of paper and the Fed would buy it now. 2 Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted March 23, 2020 Share Posted March 23, 2020 3 minutes ago, SFLUFAN said: You could probably draw a dollar sign in crayon on a piece of paper and the Fed would buy it now. 2 Quote Link to comment Share on other sites More sharing options...
Chris- Posted March 23, 2020 Share Posted March 23, 2020 I know I’m not the most savvy when it comes to finance, but that seems like a stupidly obvious thing to do? Leverage government purchasing power, keep capital flowing, and down the line the Fed has assets to recoup costs. Why wouldn’t something like that be done sooner? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 23, 2020 Share Posted March 23, 2020 2 minutes ago, Chris- said: I know I’m not the most savvy when it comes to finance, but that seems like a stupidly obvious thing to do? Leverage government purchasing power, keep capital flowing, and down the line the Fed has assets to recoup costs. Why wouldn’t something like that be done sooner? Oh, it's been ramping up for a few weeks now - it's just that it's now far more encompassing than it's ever been! Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted March 23, 2020 Share Posted March 23, 2020 16 minutes ago, SFLUFAN said: You could probably draw a dollar sign in crayon on a piece of paper and the Fed would buy it now. So what you're saying is that we could probably get the Fed to foot some of this site's server bills? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 23, 2020 Share Posted March 23, 2020 20 minutes ago, Ghost_MH said: So what you're saying is that we could probably get the Fed to foot some of this site's server bills? My God - that's brilliant! Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 23, 2020 Share Posted March 23, 2020 1 hour ago, chakoo said: I guess that explains why futures are up this morning about ~7% from where they were an hour ago (currently at +3.6% from closing). Oops Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 23, 2020 Share Posted March 23, 2020 1 hour ago, Signifyin(g)Monkey said: Wow—sounds like they’ve decided to go full-on Japanese. They’re even buying ETFs. The main difference is that the BoJ purchases equities while the Fed doesn't. The Fed now purchases corporates and munis in addition to Federal debt. Quote Link to comment Share on other sites More sharing options...
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