Commissar SFLUFAN Posted March 8, 2020 Share Posted March 8, 2020 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 8, 2020 Author Share Posted March 8, 2020 This also has the benefit of further stepping on the throat of Saudi Arabia's main enemy of Iran. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2020 Share Posted March 8, 2020 So I was already starting to tense up about declining cinema attendance due to Covid fears, and now oil is about to tank which will really hurt the Houston economy. Was hoping to expand our employee benefits again this year but may have to put that on hold for a bit. Bummer. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 8, 2020 Author Share Posted March 8, 2020 9 minutes ago, sblfilms said: So I was already starting to tense up about declining cinema attendance due to Covid fears, and now oil is about to tank which will really hurt the Houston economy. Was hoping to expand our employee benefits again this year but may have to put that on hold for a bit. Bummer. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 8, 2020 Share Posted March 8, 2020 This is going to fuel alt-right rise in Canada, as well. Right-wing populism is surging in the west, and a Russian-backed separatist movement in Alberta is surging. Nothing serious yet, but it could soon get out of the control of politicians if they are not careful. There is a view that central and eastern Canada are trying to hurt the west on purpose due to the west's oil economy...even though it's just the global market not wanting our expensive oil. But politicians turn that lack of demand into claims that the federal government is "stopping" production. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 8, 2020 Share Posted March 8, 2020 The collateral damage will be the environment and subsequently all of us Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted March 8, 2020 Share Posted March 8, 2020 Raise the gas tax 10 cents and put 100% of the revenues towards decarbonization projects. If prices are going to drop as much as they say, ain't nobody gonna notice a difference of 10 cents 1 Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 8, 2020 Share Posted March 8, 2020 1 hour ago, Ricofoley said: Raise the gas tax 10 cents and put 100% of the revenues towards decarbonization projects. If prices are going to drop as much as they say, ain't nobody gonna notice a difference of 10 cents Nonsense. Institute a proper carbon tax and then give all the proceeds back to each citizen on a monthly basis. Don't let the government have any of that money. Quote Link to comment Share on other sites More sharing options...
SilentWorld Posted March 8, 2020 Share Posted March 8, 2020 6 minutes ago, mclumber1 said: Nonsense. Institute a proper carbon tax and then give all the proceeds back to each citizen on a monthly basis. Don't let the government have any of that money. Hot take: public infrastructure spending is giving it back to the people. Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 8, 2020 Share Posted March 8, 2020 Carbon tax is better than a gas tax. Do both. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 8, 2020 Share Posted March 8, 2020 16 minutes ago, Massdriver said: Carbon tax is better than a gas tax. Do both. And then some. Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 9, 2020 Share Posted March 9, 2020 Ugg. This shit is already hitting the canadian dollar. This country needs to stop having it's dollar pegged on oil so much, the service sector is what's driving a lot of growth (specifically tech in Ontario). 3 hours ago, CitizenVectron said: This is going to fuel alt-right rise in Canada, as well. Right-wing populism is surging in the west, and a Russian-backed separatist movement in Alberta is surging. Nothing serious yet, but it could soon get out of the control of politicians if they are not careful. There is a view that central and eastern Canada are trying to hurt the west on purpose due to the west's oil economy...even though it's just the global market not wanting our expensive oil. But politicians turn that lack of demand into claims that the federal government is "stopping" production. I kind of doubt it atm. I think the last poll I read had both Kennedy & Wexit support down. 1 hour ago, mclumber1 said: Nonsense. Institute a proper carbon tax and then give all the proceeds back to each citizen on a monthly basis. Don't let the government have any of that money. This is what Canada has but swap monthly with yearly. Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 9, 2020 Share Posted March 9, 2020 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 9, 2020 Author Share Posted March 9, 2020 22 minutes ago, chakoo said: 30 Year is now below 1% 1 Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 9, 2020 Share Posted March 9, 2020 Just now, SFLUFAN said: 30 Year is now below 1% What would be an example of a good % and a bad % for treasury bonds? ELI4. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 9, 2020 Author Share Posted March 9, 2020 57 minutes ago, mclumber1 said: What would be an example of a good % and a bad % for treasury bonds? ELI4. No such thing exists. It's neither "good" nor "bad" - the yield is merely a function of demand for the US Treasury bonds. As demand increases, the premium you would pay over the face value of the bonds to purchase them also increases accordingly. However, because the bonds are paying a fixed interest rate, their "yield" declines because the interest paid remains constant while their purchase price has increased. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 9, 2020 Author Share Posted March 9, 2020 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 9, 2020 Share Posted March 9, 2020 Dow futures down nearly 1,300 points. Quote Link to comment Share on other sites More sharing options...
Amazatron Posted March 9, 2020 Share Posted March 9, 2020 It’s ok, the Fed can just cut rates, oh wait... Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted March 9, 2020 Share Posted March 9, 2020 Time for a war! Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 9, 2020 Author Share Posted March 9, 2020 14 minutes ago, Amazatron said: It’s ok, the Fed can just cut rates, oh wait... I would not be surprised in the least if we see a negative Federal funds rate in the near future. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 9, 2020 Share Posted March 9, 2020 4 minutes ago, SFLUFAN said: I would not be surprised in the least if we see a negative Federal funds rate in the near future. Just like the Imbecile wanted. Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 9, 2020 Share Posted March 9, 2020 1 hour ago, SFLUFAN said: No such thing exists. It's neither "good" nor "bad" - the yield is merely a function of demand for the US Treasury bonds. As demand increases, the premium you would pay over the face value of the bonds to purchase them also increases accordingly. However, because the bonds are paying a fixed interest rate, their "yield" declines because the interest paid remains constant while their purchase price has increased. However the violent decline in yields is largely because investors are looking for a safe place to park their money, which means bonds are signaling terrible growth and investors have no confidence in putting their money into riskier assets like stocks. These moves are much more drastic than equities which makes me think equities have a good deal further to drop. Thinking back to the financial crisis, US bonds never got this low, and never have. The bond market is much larger than the stock market, and it’s pricing in a recession. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 9, 2020 Share Posted March 9, 2020 2 Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 9, 2020 Share Posted March 9, 2020 Jesus fucking christ. The markets are on fire. https://ca.finance.yahoo.com/quote/^DJI?p=^DJI 23,979.90 -1,884.88 (-7.29%) As of 9:40AM EDT. Market open. Quote Link to comment Share on other sites More sharing options...
Firewithin Posted March 9, 2020 Share Posted March 9, 2020 let it all burn down Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 9, 2020 Share Posted March 9, 2020 3 minutes ago, Firewithin said: let it all burn down 1 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 9, 2020 Share Posted March 9, 2020 Trump working hard to calm down the markets. 1 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 9, 2020 Share Posted March 9, 2020 1 Quote Link to comment Share on other sites More sharing options...
Anathema- Posted March 9, 2020 Share Posted March 9, 2020 *checks stock portfolio* wow mine hasn't gone down at all, finally this whole 'being a millennial' thing is starting to pay off! 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 9, 2020 Share Posted March 9, 2020 haha Quote Link to comment Share on other sites More sharing options...
Guest Posted March 9, 2020 Share Posted March 9, 2020 Anecdotally, my Houston universe is way more panicked by this than by Covid. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted March 10, 2020 Share Posted March 10, 2020 I’m still seeing gas at 3.55 so maybe prices haven’t dropped yet Quote Link to comment Share on other sites More sharing options...
Guest Posted March 10, 2020 Share Posted March 10, 2020 7 minutes ago, Keyser_Soze said: I’m still seeing gas at 3.55 so maybe prices haven’t dropped yet Filled up for 1.88 in Houston after paying 3.37 in LA Saturday Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 10, 2020 Share Posted March 10, 2020 27 minutes ago, sblfilms said: Filled up for 1.88 in Houston after paying 3.37 in LA Saturday Long way to go for some gas Quote Link to comment Share on other sites More sharing options...
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