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The Economy (2020)

rideit

Bob the Builder
Aug 24, 2004
9,646
3,180
In the cleavage of the Tetons
im even working from home. My company's on that DJI and down over 30%ytd.......
if the trump era wasnt a wierd new normal, now really is. wish i had more cash.
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?
 

stoney

Part of the unwashed, middle-American horde
Jul 26, 2006
15,537
1,961
Colorado
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.
 

stoney

Part of the unwashed, middle-American horde
Jul 26, 2006
15,537
1,961
Colorado
@stoney i need your opinion here

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.

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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Pesqueeb

bicycle in airplane hangar
Feb 2, 2007
30,313
5,728
Riding the baggage carousel.
Let 'em collapse. The monopolies should have been broken up the last 3 times they went bankrupt. There used to be dozens of regional airlines in the US. Now there are what - 6 national carriers?
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?
 

6thElement

Schrodinger's Immigrant
Jul 29, 2008
5,943
3,358
In the UK some of the banks which required government bailout ended up becoming government/public owned as a result.
 

stoney

Part of the unwashed, middle-American horde
Jul 26, 2006
15,537
1,961
Colorado
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?
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.
 

Pesqueeb

bicycle in airplane hangar
Feb 2, 2007
30,313
5,728
Riding the baggage carousel.
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.
I completely agree.

Can we start with ISP's though? That's my only request.




Fuck Comcast.
 

Westy

the teste
Nov 22, 2002
38,679
5,381
Sleazattle
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.
 

Pesqueeb

bicycle in airplane hangar
Feb 2, 2007
30,313
5,728
Riding the baggage carousel.