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Post by Hotman on Mar 13, 2020 4:49:00 GMT -5
And if a global depression is caused by shutting things down for a month then the socialists are going to win. So the hedge funds and banks better have their eyes open before they short America. I think you are far too optimistic about people who choose hedge funds as a way to make living. The ones I've hung around seemed to be some of the slimiest mfs on Earth. And loaded up on their (legal prescription of course) pills and tater n corn dranks
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Post by Hotman on Mar 13, 2020 4:50:47 GMT -5
I think you are far too optimistic about people who choose hedge funds as a way to make living. I could be wrong. Maybe they want the socialists. These people have adapted very well to big government. They like when government picks the winners and loser for them. Eliminates all the guess work they used to have to do. And if the government gets it wrong, they get a bailout and get to buy up everything again. Yes they really don't give the slightest fuck... Because they understand it doesn't matter to them what so ever
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Post by southparkcpa on Mar 13, 2020 7:12:39 GMT -5
Yeah if only he had the power to create an agency that had a pandemic response capability. We have the CDC and the FDA. And they are the problem. Government is the problem. The testing issues and vaccine will ultimately be developed by the private sector. Mark my words. And it will be the FDA that slows them down. I dont know what power Trump has to cut the tape and let the states and local hospitals do whats best for them but he should be doing it and do it fast. CDC took their budget and created a paradise in Atlanta. The waste is unreal. Like almost ALL government. the majority of the money goes to personnel, pensions and facilities. Then we complian we have no funds... of course there's no money.
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Post by 2foolish on Mar 13, 2020 8:19:58 GMT -5
and Trumps in trouble...economy will not come roaring back anytime soon... So you’re saying he was dealt a shit hand? If “in trouble” means not re-elected I’m not so sure. You underestimate his ability to control his base. His plan, already noticeable, will be to blame foreigners as always. (UK....you can still visit cuz you’re like us) And it will work. Drive home that this is a foreign virus. And his proxies will go right to conspiracies that the Chinese did this on purpose specifically to nail Trump. His base will eat that up. And if it starts to clear up? He’ll take full credit. May be a win/win for him. maybe...hopefully...
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Post by Ff2 on Mar 13, 2020 8:23:27 GMT -5
Singapore and Thailand have contained the virus because they had a pandemic plan of action. The US is making it up as we go along. ZZZZZZ. apples and oranges. Not really, they had comprehensive plans in place they let loose the minute they suspected something was up. We had none.
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Post by Ff2 on Mar 13, 2020 8:25:56 GMT -5
I think you are far too optimistic about people who choose hedge funds as a way to make living. I could be wrong. Maybe they want the socialists. These people have adapted very well to big government. They like when government picks the winners and loser for them. Eliminates all the guess work they used to have to do. And if the government gets it wrong, they get a bailout and get to buy up everything again. They want to make money. That’s it. They couldn’t care less about anything else. They had a blast during the mortgage meltdown.
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Post by adpz on Mar 13, 2020 9:30:46 GMT -5
I could be wrong. Maybe they want the socialists. These people have adapted very well to big government. They like when government picks the winners and loser for them. Eliminates all the guess work they used to have to do. And if the government gets it wrong, they get a bailout and get to buy up everything again. They want to make money. That’s it. They couldn’t care less about anything else. They had a blast during the mortgage meltdown. Exacerbating things - greatly - is that there is so much passive ETF investing. It’s like everyone owning the same stock but the stock(s) are the market. Everything moves in crazy lockstep - which is how you got from an all-time high to bear market in two weeks.
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Post by Touchable on Mar 13, 2020 15:47:38 GMT -5
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Post by Touchable on Mar 13, 2020 17:08:22 GMT -5
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Post by DDNYjets on Mar 16, 2020 8:36:07 GMT -5
Brutal opening today. Gonna end up back to where this thread started.
They should close them down like they did after 9/11.
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Post by 32Green on Mar 16, 2020 8:40:31 GMT -5
Brutal opening today. Gonna end up back to where this thread started. They should close them down like they did after 9/11. Probably too many powerful people who make billions by betting against the market.
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Post by DDNYjets on Mar 16, 2020 8:46:01 GMT -5
Brutal opening today. Gonna end up back to where this thread started. They should close them down like they did after 9/11. Probably too many powerful people who make billions by betting against the market. The whole world is in the shitter right now. China announced their manufacturing was down over 13%. As China goes . . . There is nothing Congress or the Fed can do about it. Even an airline/cruiseline bailout wouldnt stop the market from dropping. Its worldwide at this point. We need to make sure our small businesses have access to loans to keep them afloat during this time. Make sure employees can stay home and get paid. So whenever this passes we can get a jump start on recovery.
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Post by adpz on Mar 16, 2020 8:53:32 GMT -5
We need to make sure our small businesses have access to loans to keep them afloat during this time. Make sure employees can stay home and get paid. So whenever this passes we can get a jump start on recovery. +1 exactly This demand shock is going to pass fairly quickly - and very quickly if the gov targets the correct fiscal stimulus to avoid bad trickle-down effects. It does sound like gov is onboard with this generally - and understands the mistake of treating 2008 only as a financial crisis and not a personal/consumer one.
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Post by DDNYjets on Mar 16, 2020 8:58:19 GMT -5
We need to make sure our small businesses have access to loans to keep them afloat during this time. Make sure employees can stay home and get paid. So whenever this passes we can get a jump start on recovery. +1 exactly This demand shock is going to pass fairly quickly - and very quickly if the gov targets the correct fiscal stimulus to avoid bad trickle-down effects. It does sound like gov is onboard with this generally - and understands the mistake of treating 2008 only as a financial crisis and not a personal/consumer one. Some of this is in the bill Congress passed on Friday (I think they have to re-vote bc there was an error). I would personally like to see the money go directly to Main Street this time. If large companies are looking for help then they need to pledge not to lay people off and pay them to stay home for the time being. Obviously for small businesses it is much harder. And that is where we should pay attention.
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Post by adpz on Mar 16, 2020 9:12:38 GMT -5
I would personally like to see the money go directly to Main Street this time. If large companies are looking for help then they need to pledge not to lay people off and pay them to stay home for the time being. Obviously for small businesses it is much harder. And that is where we should pay attention. +1 - I would like to see some mechanism that actually works to do this - and in a timely fashion. Even if people just know it is coming, that helps too. But I worry about the level of bureaucracy that means Sandy victims still haven't seen $.
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