It was truly insane they didn't raise rates when the economy was "good".
WTF were they thinking by not doing that. Political pressure from a moron didn't help of course.
I think we will have to raise taxes, is there any other way out?
If the bleeding stopped today (it won't!), how many years b4 our portfolios are back to...
- Thread starter emertmakeshiteup
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It was truly insane they didn't raise rates when the economy was "good".
WTF were they thinking by not doing that. Political pressure from a moron didn't help of course.
I think we will have to raise taxes, is there any other way out?
The question isn't whether the virus will last 18 months, it's whether the FED can prop up the economy by printing money out of thin air. There's evidence that is beginning to lose it's effectiveness. Once that no longer works, it's over.
i don't know. I think we are past the point where raising taxes solves the issue.
You have Cramer on CNBC every morning telling the government to go big and just bail out everything. We were looking a TRILLION dollar deficit before this virus even started. Once the market doesn't buy this fantasy story anymore, the whole deck of cards collapses. We are closer to that point now than we have ever been.
So China gives this to us and then profits on that. What the heck. Hopefully we change the way we do things and don’t let global worries get in the way. We need a greater percentage of stuff made here.
Total debt is 24 trillion,what's another 5 trillion. It increased 5 trillion in 2019. Just print more money. All is well. Perfect.
What? How long the virus plays out certainly factors into this. The government needs to, at some point, lift all of the restrictions regardless of medical progress in terms of vaccines, test itself and mortality rates. If the virus fades quickly, that's an easy change. If it doesnt, then who knows what will happen. Agree that we are extremely cavalier in regards to fiscal policy. Who was the last president to shrink the deficit? Bush 1? Clinton?
Same thing with Mnuchin talking about 20% unemployment. He said 20% was a possibility if we didn’t act. It was a worse-case scenario.
The Media loves to talk about panic hysteria and doom as much as they possibly can.
I live in Myrtle. This is like when a hurricane is approaching. For two weeks you watch the weather channel and they talk about the worst storm ever until the local channels start getting more specific information as to exactly what is happening.
We are in that 5 day outer wide cone right now.
I live in Myrtle. This is like when a hurricane is approaching. For two weeks you watch the weather channel and they talk about the worst storm ever until the local channels start getting more specific information as to exactly what is happening.
We are in that 5 day outer wide cone right now.
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Quality analogy on the 5 day out coneThe Media prints ever work of panic hysteria and doom they possibly can.
I live in Myrtle. This is like when a hurricane is approaching. For two weeks you watch the weather channel and they talk about the worst storm ever until the local channels start getting more specific information as to exactly what is happening.
We are in that 5 day outer wide cone right now.
Also, remember anything that goes into your retirement plans now are buying at the current level so it will have more room to grow as the market recovers. I may even up how much I am putting in to try and take advantage of it.
Oh I'm absolutely buying right now. You don't lose money in the market until you sell, so panic selling now is a great way to guarantee that you never recover from the current dip in the market.
Looked at Amazon 2 days ago at 1700. Passed. Now at 1880. Believe if warehouses are not affected in a major way we'll see 2200 once more. Big demand for goods. My electricity stock had also took a beating. Just doesnt make sense. Looks like a great buy right now.
I'm no financial analyst, but there are viable drugs out there and already available, just not approved for this use. This hype ends quickly in the next month or so and then becomes more of a maintenance activity. This country cant sustain a lockdown for a prolonged period, especially when other countries have leveled off the curve already.
There's much to learn out there analytically and the faster we apply good practices, the faster this becomes a manageable disease.
There's much to learn out there analytically and the faster we apply good practices, the faster this becomes a manageable disease.
No politician is serious about debt and deficit reduction. They talk a big game, but see what they do if jobs/projects in their district/state are threatened.
It’s going to be at least next March. After they thought it was contained, the Spanish Flu had a stronger come back.
Post_ShockTherapy_MackDaddy
Well-Known Member
10 years. It's over for the WHITE JUDEO CHRISTIAN BABY BOOMER in Congress. They sealed their own fate.
Biden or Trump changes nothing. Come 2022, you will witness a new chapter in American politics. Being a WHITE JUDEO CHRISTIAN BABY BOOMER running for Congress will be like a GAY ATHEIST COMMUNIST running for Congress in the 1950s.
None of this was a problem for some of "our" Senators
Burr, other senators under fire for stock sell-offs amid coronavirus outbreak
https://www.yahoo.com/news/aoc-calls-senate-intel-chair-020200507.html
And if this surprises you at all, you shouldn't have a vote.
Burr, other senators under fire for stock sell-offs amid coronavirus outbreak
https://www.yahoo.com/news/aoc-calls-senate-intel-chair-020200507.html
And if this surprises you at all, you shouldn't have a vote.
I’m a dinosaur in that I have a great pension. It’s hard for me to wrap my head around how my colleagues are dealing with this bad investment loss on top of the social distancing.
I think the level of it surprises me and I worked on the Hill for 10 years. Even with the 2012 Insider Trading law for government officials, it’s still very easy for these guys to trade on knowledge gleaned from lobbyists, government officials, Secret briefings, etc, but these clowns just got too brazen.
They need to fry these ****ers.
I predict more people will die indirectly from economic fallout than will die directly from coronavirus.
Almost unnoticed in the tax cut provision was the tremendous increase in our national debt. Essentially, the very well to do got a huge tax break that our children and grandchildren will be burdened with for much of their lives. The national debt, even pre coronavirus, is skyrocketing --- yet no one, politicians OR taxpayers seems to care much about it. We have become a nation of sound bites and instant gratification, and both parties play to our ignorance.
Let's hypothesize that some researcher develops an inexpensive pill that would instantly cure the virus. I think the euphoria would be so great that in a week the DOW would hit 30,000.
The problem is that 2008 never really ended and we haven't seen the bottom yet.
Propping up zombie banks and holding interest rates at zero to create more zombies, for nearly a decade, was not the answer
And it won't work the second time
The end
Wild guess: 6 years.
Pros: we should still be ahead of most of the rest of the world.
Cons: our exploding debt will become a major drag on the economy.
Pros: we should still be ahead of most of the rest of the world.
Cons: our exploding debt will become a major drag on the economy.
What happens when the virus comes back next year and we are still waiting for some inept process to approve a vaccine to treat it (that has probably already been developed as of now)?
Are they going to shut it all down again?
I would not be shocked if the Shiller P/E ratio hits 5 or lower
There are sound reasons for requiring FDA approval. Otherwise drug companies would be claiming Advil cures cancer. I say this as an owner of a pile of "Big Pharm" stock.
Thank the super-genius Dr. Fauci, who convinced a germophobe president to shut down life.
A massive reset is coming to the economy because of declining demand and oversupply. It will take a long time for earnings to recover. And the market will be hesitant to assign the same valuations again until we know the virus is gone.
Grocers and agriculture will do fine.
It is not really that complicated.
Unless you want to believe that the market is a magic 8 % savings account.
Which it is not and never will be.
I've been posting for a couple of years that the market was 50 percent overvalued. Robert Shiller figured out how to measure this a long time ago. Few pay attention to his very simple metric when the markets are overvalued, because they don't want it to be true.
If the 'lockdown' ends in two weeks there will be a surge, and then one final blowout (down) when the next round of earnings are released.
If the lockdown extends into mid-April then the blowout will just happen immediately, and I would not be surprised if the stock market shuts down for a few weeks.
Well, BoA calling for Q2 GDP @ -12%. JPM -14 and GS -24(!). The lagging effects here are tremendous. Months would be a miracle.
