General Investing and Economics Discussion - No Politics

[Techster]

None left - they've shot their wad. Pushing on a string. Well, it should please Trump - until he finds it didn't work and needs somebody to blame.

Markets will get UGLY once the infection numbers go up. Anyone looking to buy securities...probably may want to wait until the infection curve flattens.

 

[LibertyTurns]

Interesting. That's pretty much their last card to play.

Now what happens when virus tests are more widely available and the infection curve balloons? What cards do they have left to play?

I posted this a while back but what the nation needed/needs is an accommodative FED (got it now) and a massive economic stimulus program. Where’s Uncle Chuckie & Naught Nancy? In their court. Nation needs REAL tax relief & some stimulus to get businesses firing on all cylinders not baby killing, 3 different bathrooms, etc.

 

[Techster]

I posted this a while back but what the nation needed/needs is an accommodative FED (got it now) and a massive economic stimulus program. Where’s Uncle Chuckie & Naught Nancy? In their court. Nation needs REAL tax relief & some stimulus to get businesses firing on all cylinders not baby killing, 3 different bathrooms, etc.

What's different now on why the Fed needs to go to zero as opposed to 2 months ago when the markets were at an all time high?

 

[Techster]

 

[Techster]

When will we all realize this is a health crises, not a monetary crises?

 

[Deleted member 2897]

Interesting. That's pretty much their last card to play.

Now what happens when virus tests are more widely available and the infection curve balloons? What cards do they have left to play?

They can print money like crazy and hand it out to the banks. They’ve done about $3 Trillion of that in the last 9 months. 35% of our entire debt is now owned by the Fed LOLOLOLOL.

They can continue doing that to keep injecting cash into the system.

A massive stimulus will do nothing right now. We’re not going to undo travel, gatherings, and everything else. All they can really do is give people money. I think they should quintuple unemployment benefits month to month until things get better. Tax cuts will be too slow of a trickle. $1000 rebate for all families making under $200,000/year. I thought Trump would have a $2 Trillion deficit. I may need to update that prediction to $3 Trillion. This is a worse economic shock than 9/11, the dot com explosion, or the Great Recession. Hopefully it will be a lot more temporary.

 

[Deleted member 2897]

When will we all realize this is a health crises, not a monetary crises?

Huh? It’s both. The former is causing the latter.

 

[Techster]

Huh? It’s both. The former is causing the latter.

That's my point. Until you deal with the first, which they are slowly coming around to, the second won't matter. They are trying to do it in reverse, and that won't do anything.

 

[Deleted member 2897]

That's my point. Until you deal with the first, which they are slowly coming around to, the second won't matter. They are trying to do it in reverse, and that won't do anything.

We’re shutting down the entire country and you don’t think they’re trying to address it? Im obviously missing what you mean.

 

[Deleted member 2897]

They can print money like crazy and hand it out to the banks. They’ve done about $3 Trillion of that in the last 9 months. 35% of our entire debt is now owned by the Fed LOLOLOLOL.

They can continue doing that to keep injecting cash into the system.

A massive stimulus will do nothing right now. We’re not going to undo travel, gatherings, and everything else. All they can really do is give people money. I think they should quintuple unemployment benefits month to month until things get better. Tax cuts will be too slow of a trickle. $1000 rebate for all families making under $200,000/year. I thought Trump would have a $2 Trillion deficit. I may need to update that prediction to $3 Trillion. This is a worse economic shock than 9/11, the dot com explosion, or the Great Recession. Hopefully it will be a lot more temporary.

Today the Fed also said they would spend $1 Trillion on buying bonds and mortgages. Print print print that money LOL. Man we are a mess.

 

[Techster]

We’re shutting down the entire country and you don’t think they’re trying to address it? Im obviously missing what you mean.

LOL...oh man, please rewind to earlier when this was going down. Apparently it wasn't taken as seriously.



Had we taken the steps we have the last 3 days 2-3 weeks ago, the spreading of the virus could have contained to a far better degree. It literally took the bottom of the market to fall out for this to happen.

 

[Deleted member 2897]

LOL...oh man, please rewind to earlier when this was going down. Apparently it wasn't taken as seriously.



Had we taken the steps we have the last 3 days 2-3 weeks ago, the spreading of the virus could have contained to a far better degree. It literally took the bottom of the market to fall out for this to happen.

2-3 weeks ago if we had shut the country down when we had 50 cases, he’d have been run out of office.

NOBODY. NOT ANYBODY (you, others, the CDC, NIH, NOBODY) was recommending we shut down the country 2-3 weeks ago. This type of irrational criticism is not helpful.

 

[Techster]

2-3 weeks ago if we had shut the country down when we had 50 cases, he’d have been run out of office.

NOBODY. NOT ANYBODY was recommending we shut down the country 2-3 weeks ago. This type of irrational criticism is not helpful.

LOL...you're missing something.

At that point we didn't need to shut down the country. It could have been quarantined to a corner of the country. NOW we have to shut down the entire country because we were slow to act. Had we enacted the same "shut down" to the corner of the country infected, we would have an easier time containing this.

Pretty much every country that did it, is having an easier time containing it. Other countries literally gave us a playbook on how to mitigate this, but it looks like we didn't pay attention. Countries like Italy and the United States that remained lackadaisical about it...well, we're living in real time with what happens when it's not taken seriously.

Continue on though...

 

[Deleted member 2897]

LOL...you're missing something.

At that point we didn't need to shut down the country. It could have been quarantined to a corner of the country. NOW we have to shut down the entire country because we were slow to act. Had we enacted the same "shut down" to the corner of the country infected, we would have an easier time containing this.

Pretty much every country that did it, is having an easier time containing it. Other countries literally gave us a playbook on how to mitigate this, but it looks like we didn't pay attention. Countries like Italy and the United States that remained lackadaisical about it...well, we're living in real time with what happens when it's not taken seriously.

Continue on though...

I note that not you, not anybody else here, nor the CDC, nor the NIH advocated for that.

If Chicago said they were shutting g down because they had 3 cases, it would have even riots. If NYC shut down because they had 7 cases, same thing.

 

[Techster]

I note that not you, not anybody else here, nor the CDC, nor the NIH advocated for that.

If Chicago said they were shutting g down because they had 3 cases, it would have even riots. If NYC shut down because they had 7 cases, same thing.

That's the problem when you don't read...I literally posted several articles about it. But whatever, if you don't read it, it doesn't exist, right?

 

[Deleted member 2897]

That's the problem when you don't read...I literally posted several articles about it. But whatever, if you don't read it, it doesn't exist, right?

False.

What you posted was a concern about inability to test. Different subject. But since you brought that up again, yes they worked on it until they figured it out.

SC has been testing for nearly a month. If you live in a state that can’t, take it up with your own state.

 

[LibertyTurns]

What's different now on why the Fed needs to go to zero as opposed to 2 months ago when the markets were at an all time high?

They should have been at zero for a long while now. It’s like buying your wife flowers after she found you diddling the neighbor’s wife. Too little too late.

 

[Techster]

They should have been at zero for a long while now. It’s like buying your wife flowers after she found you diddling the neighbor’s wife. Too little too late.

LOL, well, if you're diddling your neighbor's wife, then no amount of flowers are gonna help. Stay away from your neighbor's wife like the coronavirus!!!

 

[CuseJacket]

Futures going limit down i.e., over 5% drop. If that stands, believe that triggers another 15 min hold once markets open at 9:30am.

 

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