The Economy (2020/21)
- Thread starter rideit
- Start date
Wifey just told me tax payments are going to be due in June or July now,. Still have to file on time as of now, though.
here: https://www.cnn.com/2020/03/17/politics/irs-extends-tax-payment-deadline-coronavirus/index.html
here: https://www.cnn.com/2020/03/17/politics/irs-extends-tax-payment-deadline-coronavirus/index.html
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The Coming Bailout Is a Moral Failure
Congress has leverage to rebalance the economy, but so far, it isn’t using it.
www.theatlantic.com
True.
Dow flirting with first trading curb again.
i consider myself fortunate that i can do my job remotely pretty much indefinitely and have no changes in concerns about job security at this time.
I cannot see how my company will not have massive layoffs. I should be safe from that but would probably be sent back to the factory.
Medical sector here.
I've been working remotely for the last 5 years and unless I do something dumb to get fired my job is secure. Wife who works in marketing for sports/entertainment stuff won't be as lucky.
Have you guys thought about heading back to the U.K.? Oh, wait. Probably bad time to do that...
Quite happily isolated at the top of a mountain. We've been practicing social distancing before it was popularHave you guys thought about heading back to the U.K.? Oh, wait. Probably bad time to do that...
Can we do two in one day?
It hit the 1st curb on OPEN today. What's the 3rd curb? 20%?
18,000, BABY, Here we come!
Probably was about time for this, anyway
www.cnbc.com
NYSE to temporarily close floor, move to electronic trading after positive coronavirus tests
The closure was in part as a result of positive coronavirus tests of two people, Stacey Cunningham, President of the NYSE, told CNBC.
1700 new cases in NYS alone today. Fucking brutal. Most likely due to increased availability of tests. If that is the case we should assume the number of infected people is at least twice as bad as previously expected. This will make it difficult to see if isolation is working as just as we should be seeing improvements, the numbers are going to go haywire.
Had tests been available sooner, action could have been taken sooner, reducing the economic impacts. You can't blame Trump because there was a pandemic, but shit stain's shitty leadership will make the economic toll and number of deaths a lot worse.
Had tests been available sooner, action could have been taken sooner, reducing the economic impacts. You can't blame Trump because there was a pandemic, but shit stain's shitty leadership will make the economic toll and number of deaths a lot worse.
you can dream....
One unintended consequence of all this will be that we will have a natural experiment of how much influence central bank actions/policy can actually have given very poor underlying fundamentals (due to demand collapsing worldwide simultaneously). They will throw everything in the books at this.
And very ineffectively.
With over a decade of QE and low interest rates (or both in Europe), it looks like their arsenal was rather blunt and ineffective even before the crisis started.
i've been operating on that assumption for at least a week.
Seriously. Assume any thing this administration tells you is at least twice as bad as they are saying.
Thinking I might take some cash and buy Dollar Store and Dollar tree. Because sales there are going to go through the roof...but they might have supply problems?
You're looking at near term re: supply chain. Those things price in almost immediately.
edit: Also the price has barely changed since Feb. Everybody knows dollar stores and Wal-Mart do really well in recessions while Target and Costco do worse (look at market sector and assume they shop down one level in a recession).
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Kick'em while they are down
captain-planet.net
NASA Warns Asteroid Could Cause Atmospheric Explosion This Sunday
The asteroid may even collide with Earth’s atmosphere resulting in an atmospheric explosion this wee
captain-planet.net
Well, gee, puncture my bubble of thinking I am a genius. Thanks, thanks a LOT.
cook out fast food chain maybe.....strictly drive thru with some patio seating..
all the ones i have seen around here have been packed
And almost all the stock will have adjusted already.
