I've just poured myself a nice Founders IPA. 
The Economy (2020/21)
- Thread starter rideit
- Start date
One thing I have is cash, but I’m too scared to do anything with it right now. any thoughts?
hookers n’ blow?
micro loan sharking to the newly unemployed?
I'm part of the group testing our new compliance approved WebEx interfaces. Otherwise, I'm just trying to keep afloat.
Which one...comes...before the other?
Russell is a much larger dragnet of the markets. Like @Nick said, it's the small cap market. In a downward market/economy, the hit is SC >MC > LC and the reverse on the way up. Small cap is getting crushed. That means the expectations of revenue stopping is high.
Yeah, that’s currently my plan. But it sure ain’t doing shit sitting in empty hotel lobbies.
Nope. In fact, I was wrong. It's a terrible idea.
<frantically starts calling bootstrap manufacturers>
@stoney i need your opinion here
www.newyorker.com
The Coronavirus Calls for Wartime Economic Thinking
“You have to be willing to think what previously would have been unthinkable,” one economist said, about the level of stimulus that will be needed to counteract the coronavirus’s economic effects.
Without reading... Currently in service economy. One moving potentially towards one that has no services to provide. No money from those who would use those service because they are employed by those same services.@stoney i need your opinion here
The Coronavirus Calls for Wartime Economic Thinking
“You have to be willing to think what previously would have been unthinkable,” one economist said, about the level of stimulus that will be needed to counteract the coronavirus’s economic effects.
Or... One that is govt funded [by taxing the wealthy?] to build infrastructure. Bringing back manufacturing to provide the materials needed to infrastructure projects creating employment.
That sounds socialist and a quick way to get a lot of people working in a time of low employment... Fucking communist. /s
Edit: read it. Above is obviously a sarcastic comment. Money back into the economy on an individual basis does far more than dumping money in via easing or other means. People spend it vs. saving it. Depending on how far down the economy has/is gone, the extent to which that vs. large-scale govt projects generates the necessary income needed throughout the economy. We don't know how far that is at this point, nor do we know how bad this going to be or for how long. Realistically, if this shuts down our economy for a longer period of time, the latter might be needed. Probably won't happen though.
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I'm not sure which one of us should put the /s in place.
@Full Trucker LOVES the fuckin' switchbacks.
Smells a lot like socialism...
/presumes freedum tokens won't go to people like me...
And will I get 5 by virtue of the too young for forced labor kids?
As bailouts for the airline industry are bandied about keep this in mind:
As stated in COVID19 thread...
That’s like, 1/2 of a Trust fork!
its actually a brilliant move...Trump can flat out buy votes with federal money.
At least while the economy has been strong we have built up a nice fat federal surplus...
Yeah. DAMN good thing. You know - that's what you do when the economy is going gangbusters.
I, too, scrolled back through that thread a bit to see what he was talking about.
I only have to change like, two words, to make this about banking.
I mean, you're not wrong. But this was the standard we set when we allowed the Government to bail out the banks. And then the Auto Makers. So why not the airlines too? Maybe next we can bail out big oil? Maybe after that, the pharmaceutical industry. Possibly Big Ag, or HFCS makers?
In the UK some of the banks which required government bailout ended up becoming government/public owned as a result.
I don't disagree. The big thing with the banks is that they did pay back the Fed with interest. Letting the Investment Banks take FDIC coverage was shit. They made bad bets and should have gone down, even if it would have been a massive hit; but it wouldn't have been catastrophic and unrecoverable. At the end though, the monopolies need to be broken up; there is nothing else to it.
To add emphasis to my point:
The economy is crashing again. This time, let's bail out ordinary Americans.
Stimulus should start at the ground level and work its way up
theweek.com
I completely agree.
Can we start with ISP's though? That's my only request.
Fuck Comcast.
Hopefully the supply of synthetic opioids from China keep rolling in bso folks who get crushed by this have something to help them feel better.
Congress Allocates $2 Trillion To Bail Out Struggling Bailout Industry
WASHINGTON—In order to alleviate the heavy damage the crucial financial sector is facing in the midst of the ongoing Covid-19 outbreak, the United States Congress announced Tuesday that they would be allocating $2 trillion in order to bail out the struggling bailout industry. “The bailout...
politics.theonion.com
