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


Jason
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5 minutes ago, skillzdadirecta said:

 

Ok what am I missing here... why did The Squad vote against this and why are they not dumbasses? Or are you talking about the guy who tweeted?

Squad: doesn't go far enough, no automatic stabilizers like UI and SNAP automatically triggering more funds when certain conditions are met

 

Spanberger: it's not bipartisan and "goes too far"

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1 hour ago, skillzdadirecta said:

It IS being shown and no I do not keep track but my news alerts do. I don't remember getting and news alerts for a bunch of Ralph's employees dying last year for ANY reason. 

You think no employees of Ralph’s died for any reason last year? And if you don’t get alerted by the media that somebody who is employed at a Ralph’s died, it didn’t happen?

 

What sort of logic is that?

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42 minutes ago, sblfilms said:

You think no employees of Ralph’s died for any reason last year? And if you don’t get alerted by the media that somebody who is employed at a Ralph’s died, it didn’t happen?

 

What sort of logic is that?

No I don't think that ZERO Ralph's employees died last year. But If a bunch of employees at Ralph's started dying due to work related conditions such as, falls or boxes falling on top of them or for whatever  reason, I would think we would hear something about it locally. We didn't because a significant number of Ralph employess wer NOT dying last year for ANY work related reason. It's irrelevant though because my HUNCH is that more workers in essential jobs are dying THIS year due to the pandemic than last year from other causes. The anecdotal information is out there if you want it. Carry on... I'll see myself out.

 

 

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The UK just sold its first ever negative-yielding government bond

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The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond buying action from central banks.

 

In an auction Wednesday, the country's Debt Management Office said it sold £3.8 billion ($4.66 billion) worth of three-year gilts at a yield of minus 0.003%.

 

This negative-yielding bond means the British government is effectively being paid to borrow. Investors will get back slightly less than they initially paid if they hold the bond to maturity, such is the demand for shoring up money in bonds.

 

 

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1 minute ago, b_m_b_m_b_m said:

Great way to ensure that either one breadwinner stays at home, and/or a family is plunged into continued poverty, and/or keeping the economy depressed

 

The state could step in here but ya know, socialism, so we can't

 

The economic re-alignment in the next few years is going to hurt women and minorities the most.

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1 minute ago, thewhyteboar said:

The medias greatest trick is pretending that some stupid conservative antic actually portrays the mainstream view. In reality, their tilted coverage helps to push the narrative to make it mainstream.

 

Tea party protesters were successful in getting Congress full of their types in 2010. 

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7 hours ago, Emperor Diocletian II said:

It's neither.

 

It's simply a very unusual occurrence that's a reflection of the current global financial circumstances where investors are looking for places to park cash.

Our deposits are growing like crazy right now. Did the same during the last recession. 

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Biggest US shopping complex shows threat to mortgage-backed bonds

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The biggest shopping mall in America is delinquent on its $1.4bn mortgage, in an ominous sign of how the pain in US retail is infecting the $500bn market for commercial mortgage-backed securities.

 

The owner of the Mall of America, a more than 2m square foot complex in Bloomington, Minnesota, that boasts a Nickelodeon Universe indoor theme park and more than 500 stores, missed its mortgage payments in April and May, documents prepared by Wells Fargo and reviewed by the Financial Times showed.

 

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“One arm of BlackRock knows what the Fed is buying, while other parts of the business participating in credit markets could benefit from that knowledge. To avoid conflicts, there are stringent information barriers.”

 

:rofl: OLOLOLOLOOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLO:rofl:

 

How the hell could anyone say that out loud or be on the receiving end of it with a straight face is absolutely beyond me.  I DEFINITELY wouldn't be able to stop myself doubling-over in sheer hysterical laughter.

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2 hours ago, CitizenVectron said:

 

There’s so many people ironically saying shit like “well we saved grandma so it was worth it.” Like um well... yes? If you can reduce the casualties of a pandemic that’s killed almost 100,000 of your countrymen SO FAR, uh yes it certainly is worth it?

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7 minutes ago, SilentWorld said:

There’s so many people ironically saying shit like “well we saved grandma so it was worth it.” Like um well... yes? If you can reduce the casualties of a pandemic that’s killed almost 100,000 of your countrymen SO FAR, uh yes it certainly is worth it?

Remember how people years ago screamed that "OBAMACARE DEATH PANELS WILL PULL THE PLUG ON GRANDMA!"?  What happened to that?

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12 hours ago, marioandsonic said:

Remember how people years ago screamed that "OBAMACARE DEATH PANELS WILL PULL THE PLUG ON GRANDMA!"?  What happened to that?

He was a Democrat in the White House. Now they have their guy in the White House and don’t want to be inconvenienced by “safety”. They also never cared that insurance companies have been “death panels” for decades. Deciding what life saving treatment they will pay for and what they won’t. 

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