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Jason

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

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Trump is going to cut-and-paste all the temporary rises and glue them on a poster board togther, showing it at a press conference or something.

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Giving the money to everyone, with no means testing, is the right thing to do.  It's also appropriate to have those who make more and are employed to pay it back at tax time.  

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6 hours ago, marioandsonic said:

So how soon until Trump brags about the stock market doing well?

 

6 hours ago, SlipperySlope said:

1pm eastern

You were right! 

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I don’t consider 10% up days to be healthy. It is the dying gasps of an angry bull still kicking around on the ground. 

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56 minutes ago, Massdriver said:

I don’t consider 10% up days to be healthy. It is the dying gasps of an angry bull still kicking around on the ground. 

200.gif

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11 hours ago, Massdriver said:

I don’t consider 10% up days to be healthy. It is the dying gasps of an angry bull still kicking around on the ground. 

Don’t think the bottom’s in yet, either.  I think what we’re witnessing is not just a panic over the virus, but the popping of a bubble in the bond market and a mass-deleveraging—albeit one so far smaller in scale than the one in 2008-2009–that will produce a true bear market.  Stocks almost always overshoot their fair valuation downwards when a bubble pops, and we’re still not in super-cheap territory, although we’re definitely getting there.  So I think we’ll see a bit more carnage before we get to sustained rally territory.

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6 minutes ago, GeneticBlueprint said:

 

But when can we expect the checks?

Quote

Lawmakers struck a $2 trillion stimulus deal early Wednesday that includes sending checks directly to individuals amid the coronavirus crisis -- but it will likely take until at least May before the money goes out.

 

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20 minutes ago, b_m_b_m_b_m said:

Strange bedfellows in these times 

I was watching it live as it happened. I was setting up my work PC so I didn't hear the name but when I saw her and recalled a mention of former HP CEO. I had to do a double take because I couldn't believe what I was hearing.

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6 minutes ago, chakoo said:

 

 

So that's 540,000 out of 12,810,000 people. 4.21%

 

Scale that up to 327 million and you've got 13,766,000 filing unemployment. I realize that it doesn't scale that way due to regional differences...but still.

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19 minutes ago, Ghost_MH said:

And who exactly will be reviewing all these extra unemployment claims?

 

I don't know about the US, but in Canada it was just announced that 13,000 civil servants will be diverted from their normal jobs to approving EI claims.

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55 minutes ago, CitizenVectron said:

1 million applications for EI in California since March 13.

shit you know what will happen is when companies open back up or start hiring again they are going to lowball everybody since they know they will need work.  not that they dont do that anyway but it will be so much worse.

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Man, only Americans would complain about getting free money in a global health pandemic because it means a few people might not go to work for a few weeks. We are a fucking shit hole country 

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