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The current time is Wed Apr 08 00:58:50 2020

Utopia Talk / Politics / Stock markets continued
Habebe
Member
Fri Mar 13 00:16:12
.
Habebe
Member
Fri Mar 13 00:18:57
Hood,

Canada? Trudeau and his wife are.on Quarintine.

Eu? Many more deaths, probably cases with more testing we will know.

Dukhat, Germany? Merkel did so great the dax is surging through the roof, right?
hood
Member
Fri Mar 13 00:26:46
You're really good at not understanding data whatsoever. Hopefully your body won't understand covid when it comes creeping in.
tumbleweed
the wanderer
Fri Mar 13 00:33:02
Trump dined and took photos with an infected Brazilian... and possibly is who infected him...

and add Lindsey Graham to the long list of Trump toadies self quarantining

...only mentioning as you brought up Trudeau
Habebe
Member
Fri Mar 13 00:33:57
Eye roll. Typical hood response.

" sigh, you just dont understand, I won't post anything of substance or a refute though" tc. Throw in some name calling...yada yada.
Habebe
Member
Fri Mar 13 00:34:45
Tw, Trudueas wife has it.
Dukhat
Member
Fri Mar 13 00:35:14
Really not worth talking to Habebe. If he invested at all he wouldn't say such ridiculous things. Just unbelievably stupid.
Dukhat
Member
Fri Mar 13 00:36:03
It's as if you wanted to describe heliocentrism to a child but the child keeps saying, "But I can see the sun moving around us!"
Habebe
Member
Fri Mar 13 00:36:53
Says the guy whos wife is getting gangbanged as we type....
Habebe
Member
Fri Mar 13 00:37:44
http://www...l-distribution-2019-ncov-cases
Dukhat
Member
Fri Mar 13 00:41:15
cuckservatives always fall back on the same shit no matter the situation. Instead of learning like the rest of us, they retreat into a fortress of ignorance.
Habebe
Member
Fri Mar 13 00:42:09
And there's the anger. Hmm.wonder why?
Dukhat
Member
Fri Mar 13 00:59:55
What anger? You're projecting again.
tumbleweed
the wanderer
Fri Mar 13 01:15:55
be afraid
http://twitter.com/Acyn/status/1238271136359579648

woman from Pence's task force is asked if there will be enough ventilators
her answer starts w/
'that's why the President took such bold & decisive action' < puke >
then cites all the mitigation strategies Trump mentioned... which was 1 item...
and of course doesn't answer the question
tumbleweed
the wanderer
Fri Mar 13 01:31:06
Trump has obviously not had any bold mitigation strategy, in fact he had a tweet citing flu deaths and saying things don't shut down because of the flu, so actively suggesting things not close/cancel for this, which is directly -against- mitigation

yet these suckups have to falsely praise him at every turn
jergul
large member
Fri Mar 13 03:04:48
I did not see this thread. You have to use the format, bro :).

China handled this remarkably well. WoO posted a breakdown. The response was fast and brutal.

One of the reasons is that it used clinical diagnosis, not tests to cover a backlog they lacked the capacity to confirm by lab testing.

So its number leap up by 15000 in one day. Backlog gone. Testing ramped up to make sure it did not come back.

It also had 100ds of 4 person teams tracking all contacts infected people had.

So now, the Shanghai is down 5% from all time highs.

China is a safe haven for global investment. The US is not.

We are watching this play out slowly now. The full process will take 18 months.
hood
Member
Fri Mar 13 07:20:26
Hot rod reincarnated,

What is there to refute? You said that Trudeau self quarantined. Cool? That has nothing to do with a national response to the outbreak and certainly doesn't measure how their containment efforts are proceeding. You keep trying to say that the US (more specially Trump) has handled it pretty well by suggesting that we're just as fucked as other countries and I keep saying "cool. That's not objective. Objectively, we fucked up everything we could with covid."

Stop projecting your non-answers onto me. I have provided fair, honest arguments. My reaction to your pouting and foot stomping over poor toaddick getting his ass rammed over just how totally he fucked up ain't worth addressing. Trump fucked up. The stock markets see this so clearly that they dropped 33% in like a week. Plug your ears and yell to drown out the noise all you want; your fantasy will hopefully get you killed.
Wrath of Orion
Member
Fri Mar 13 09:31:31
I love how some people think, lol

"US is great, we're better than most countries!

Except for when we suck just as much (in the case of coronavirus, it's not just as much, it's more, but let's play along) as other countries. Then we're still great!"

Herpa derpa.
Daemon
Member
Fri Mar 13 09:48:29
http://www...its-the-u.s.s-turn.-2020-03-13

The Dow Is Rallying After Germany Does the Right Thing. Now It's the U.S.'s Turn.

Mar 13, 2020

Germany said it had prepared a fiscal stimulus package, while U.S. Treasury Secretary Steven Mnuchin promised the same from the U.S. Now he needs to deliver.

After suffering its second-worst day on record on Thursday, the U.S. stock market is set to rally on Friday morning as investors bet that government action can prevent a global-economic meltdown.

The Dow Jones Industrial Average has climbed 5.9%, while the S&P 500 has gained 5.2%, and the Nasdaq Composite has risen 5.1%. They’re taking their cues from European markets, which are up even more. Germany’s DAX has gained 7.6%, Italy’s FTSE MIB has climbed 16%, and France’s CAC 40 has risen 8.5%.

That European stocks are rallying shouldn’t be a surprise. They suffered their worst day on record on Thursday, leaving their markets poised for a big bounces back, if a catalyst could be found. It was. Germany said it had prepared a fiscal stimulus package that would include loan guarantees for companies impacted by the coronavirus, among other measures. “Germany is repeating today that the fiscal shackles are being taken off and they will spend what they need to spend in order to cushion their economy and that ’Germany will put no limit on credit program to help companies’” according to their Finance Minister,” writes Peter Boockvar, chief investment officer at Bleakley Advisory Group. “The Economy Minister also went so far to say that they would temporary take equity stakes in some companies if needed.”

It’s safe to say Germany nailed it. With much of the global economy shutting down as sporting events are suspended, theaters close down and people self-quarantine, credit lines are exactly what companies need to get through the next couple of months. Now the same thing has to happen in the U.S.

Standard Charter’s Steve Englander believes the Federal Reserve understands this. “We think the Fed will recognise that asset markets will respond positively to policies that help viable companies to survive the economic disruption from the outbreak,” he writes. “This points to an emphasis on ensuring that banks deliver cheap credit to businesses and even households, rather than focusing on the Fed funds and Treasury yields.”

On CNBC this morning, Treasury Secretary Steven Mnuchin said that the administration was working with Congress on a Fiscal stimulus package and likened the current selloff to 1987. “For long-term investors, this will be a great investment opportunity,” he said.

The big difference, of course, is that 1987 was almost a purely technical selloff. Coronavirus will have a very real impact on the economy and the earnings of publicly traded companies. That may already be priced in, but the Fed and the U.S. government must still come through. It’s also important to remember that the Dow’s third-largest decline ever came on Oct. 13, 1987, a week after Black Monday. It dropped 8% that day, and was a real test for everyone who had bought after the crash.

It may be a good time to buy, but don’t expect it to be easy.
jergul
large member
Fri Mar 13 10:18:22
The center cannot hold until the US rolls out a credible testing regime.
patom
Member
Fri Mar 13 10:35:17
Wouldn't this be the ideal time for corporations, who are sitting on huge cash piles from the Tax cuts they got, to start buying up their stock at bargain prices?
Habebe
Member
Fri Mar 13 10:37:42
"China is a safe haven for global investment. The US is not."

Ots funny that's at least the 2nd time ive seen you use that exact term, it's not like you just read an article that said this...

http://amp...come-new-investment-safe-haven

Oh wait... I think Bloomberg repeated such stuff.

Daemon, Supposedly we are working on a stimulus package.
Habebe
Member
Fri Mar 13 10:51:19
http://money.cnn.com/data/world_markets/europe/

So Japan down 6%, Germany down another 12% . Most others are not shooting up but Are in the positive.So basiciallu they stopped free falling.
Habebe
Member
Fri Mar 13 10:54:34
US is up 700 ATM.

But realistically after dropping so much, its all rollercoaster work more down than up for now.
jergul
large member
Fri Mar 13 12:08:23
I quote sources. The opinion was my own. Amusing that someone over at Reuters held the same. I may be getting main stream in my dottage.
jergul
large member
Fri Mar 13 12:56:36
Lets only hope that the brokers on NYSE continue to work closely together to help avert disaster. Or trigger it as the case may be as soon as the first person on the floor tests positive.
Habebe
Member
Fri Mar 13 16:22:35
Well the US stock market shot up 9%, Europe mostly leveled off going up 1% ( Dax), Japan down aother 6% while China seems ok losing 1%... And thats todays summary

No one cares about Brazil but they did well.
tumbleweed
the wanderer
Fri Mar 13 18:48:59
The White House sent an autographed print out of todays stock market chart to Lou Dobbs

http://twitter.com/ndrew_lawrence/status/1238609502192238592

totally normal thing to do

(& hides the massive plummeting of course)
Habebe
Member
Fri Mar 13 21:09:29
Well, its a very Trump thing to do, im assuming he signed it?
tumbleweed
the wanderer
Fri Mar 13 22:18:32
yep... in giant marker just like how all adults sign their name... maybe he'll sign Lou Dobbs before the end
Habebe
Member
Fri Mar 13 22:20:11
Or brand him.
Dukhat
Member
Sat Mar 14 02:15:40
Market isn't going to stabilize until the growth of cases decrease and won't fully stabilize until the growth in deaths decreases 3 weeks later.

When will this be? Well ... we need mass testing to happen and for MAGA retards to take this seriously so maybe even as late as June July.

What is sure is that we are definitely in a recession now. Waiting too long means social distancing will be 10x as costly.

#TrumpSlump
tumbleweed
the wanderer
Sat Mar 14 11:50:06
BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!
http://twi...ump/status/1238799084263260161

(just ignore the preceding record drops, like he does)
Habebe
Member
Sat Mar 14 12:00:25
So he finally makes a completely true statement and you complain?
Nimatzo
iChihuaha
Sat Mar 14 12:14:01
Imagine that your house burns down and you celebrating the fact that the hut you will be living in was built at a world record pace. It is true that the hut was built at a world record pace. It is also true that you sound deranged, perhaps shocked and suffering from PTSD.
Rugian
Member
Sat Mar 14 12:19:26
Imagine being such a pessimist that you can't celebrate that you did recover your house after it was damaged. I guess in the age of Trump, we are supposed to mourn and be angered by our failures but never happy with our successes.
jergul
large member
Sat Mar 14 12:19:51
Thats nothing. You should see Germany's stock value increase from 1945-47! Amazing! Great Numbers!

Making Germany Great Again!
jergul
large member
Sat Mar 14 12:21:34
Ruggy
This is more like a ship sinking bow first, then breaking in the middle - and celebrating that the aft section has leveled and is back to normal in the snap shot of time that is technically true.
Rugian
Member
Sat Mar 14 12:21:49
jergul,

A post-war recovery does seem like something worth celebrating over. So thanks for the support.
Rugian
Member
Sat Mar 14 12:22:50
jergul,

You realize that you are measuring the success or failure of the market based on a week's performance? Frankly, that's shit-tier thinking.
tumbleweed
the wanderer
Sat Mar 14 12:25:15
for the record the biggest DROP in history was the prior day and was larger than the rise he's celebrating

& the 2nd & 3rd biggest drops were in the 3 days prior to that

http://en....e_Dow_Jones_Industrial_Average

so no, it does not warrant all caps celebration when he ignored all of those drops

on the plus side, it suggests we'll eventually get another 'dow breaks 25,000!' tweet from him to add to the collection
Nimatzo
iChihuaha
Sat Mar 14 12:27:20
If that is shit tier thinking, then it must be god tier thinking to measure it for a day, the day after a record flop. IN ALL CAPS LIKE A RETARD!
Rugian
Member
Sat Mar 14 12:29:31
Nim,

Trump is very much a media-oriented man. The media regularly proclaims the sky is falling based on a single day's events. Do I even need to post examples of the MSM's coverage of this week's events to demonstrate the point?
Rugian
Member
Sat Mar 14 12:30:38
Point being is that if the media is going to plaster their front pages with stories about how Trump is an idiot and a failure based on Thursday's market performance, he's in turn going to hype up Friday's performance as proof of the contrary.
jergul
large member
Sat Mar 14 12:32:16
Ruggy
I appreciate that you are literally and figuratively invested in this, but you must be able to see the market is in mid correction at very best?

Please agree and demonstrate you have some inkling of how exponential growth works - and how ill adapted broker mentality is to news that will unavoidably be exponentionally worse for the next 60-120 days (and this range is for countermeasures that are quite successful).
tumbleweed
the wanderer
Sat Mar 14 12:33:28
"based on Thursday's market performance"

Trump is the one who has linked the stock market to his performance throughout this absurdity of a presidency

also his oval office speech did contribute to tanking the market, which then rebounded some... (pretty sure i saw a graph of DOW futures during his speech plummeting)
Nimatzo
iChihuaha
Sat Mar 14 12:34:58
Rugian
I have no idea, all I know is that there are very few reason for anyone with a brain to defend or idolize Trump, unless they are being sarcastic/trolling or crafting satire. The Trump sycophants are just as bad as those deranged by his presidency.
tumbleweed
the wanderer
Sat Mar 14 12:36:44
also, i'm not seeing news reporting that Trump sucks because the DOW dropped... Trump sucks as he continually lied & ignored facts before the oval office speech, then made numerous inaccurate claims during speech, & they are continuing (like he completely oversold what Google doing in Friday's briefing & still pretending testing is going fine)
Rugian
Member
Sat Mar 14 12:43:27
jergul

Mid-correction seems appropriate. I've thought that market fundamentals haven't been great for a while now - we were due for some rebalancing to occur. My failure was in not realizing exactly when it would happen, but I figured it would at some point.

To the extent that the market declines anything more than that, I'm chalking it up to overreaction prompted by media figures who are intentionally trying to create public panic over a disease that has killed a grand total of 50 people so far. Unless you are arguing that Trump should have the authority to censor the media for irresponsible fearmongering, he can't be held culpable for anything that follows.
Rugian
Member
Sat Mar 14 12:45:15
TW,

What are you actually on about? All presidents in history attempt to tie economic successes to their own track record.
Rugian
Member
Sat Mar 14 12:48:22
Nim

Donald Trump is the best chance the United States has to prevent a party that has been taken over by far-leftists and socialists from taking the presidency. I'd say that alone is worth defending him over.
jergul
large member
Sat Mar 14 13:19:47
Ruggy
There are things...

What happens if Boeing has to file for chapter 11 protection? It is part of the DOW index.

There is a downside risk of things getting really bad. Not a 2016 reset, but a 2008 reset.

This would not be something to blame on the media, but for example if the corporate bond market becomes unhinged (goodbye 2008 subprime crises. Hello 2020 corporate bond crises).

Habebe - that is from Bloomberg. I would not have thought of it myself. I did actually consider putting money there after selling off, but figured that would do nothing for my peace of mind. So it sits in a 0-interest, but tax shielded account still :). Chump change remember. I am not bragging about the actual financial result (with is insignificant, relatively speaking), but rather that sometimes what give peace of mind is actually the right thing to do.

Overthinking stuff when invested in the outcome sucks donkey balls.
jergul
large member
Sat Mar 14 13:21:37
crisis* though plural is actually more correct.
Rugian
Member
Sat Mar 14 13:25:05
So now we're blaming Trump for the 737 MAX not flying straight? Okay.
hood
Member
Sat Mar 14 13:28:26
"I'm chalking it up to overreaction prompted by media figures who are intentionally trying to create public panic over a disease that has killed a grand total of 50 people so far."

This is because you're stupid and don't understand anything that is happening. Mortality rates between 1 and 3% + millions of infected = thousands to tens of thousands dead. If you question the "millions of infected" bit, consider that the number of infected are almost assuredly in the ballpark of 10x greater than reported numbers. Best estimates at the moment put us at ~2500 cases, which means we're closer to 20-25,000 infected. We're likely at 50,000 infected by Sunday midnight.
Rugian
Member
Sat Mar 14 13:50:09
"thousands to tens of thousands dead."

So in other words, a second flu.
hood
Member
Sat Mar 14 13:52:55
If this infects the same number of people as the flu, we're looking at 100,000 to 1,000,000 deaths. No, not a second flu.
Rugian
Member
Sat Mar 14 13:56:12
So in other words, a slightly more severe second flu unless it is absolutely impossible to contain (which other countries have proven is not the case). I think I'll stick to worrying about cardiovascular disease and cancer.
Nimatzo
iChihuaha
Sat Mar 14 13:57:16
Rugian
That is precisly the kind of idolatry (Trump the savior) I am talking about. Almost verbatim the kind of language the Greentards use to describe Greta Thunberg. Things are slightly more nuanced and complicated than this war of good and evil. If I was religious, I would pray for you.
Nimatzo
iChihuaha
Sat Mar 14 13:58:01
Fuck it I am praying for you anyway.
tumbleweed
the wanderer
Sat Mar 14 13:58:06
the reason for 'overreaction' is to not swamp hospitals as happened w/ Italy... & as explained in this tweet from a mature adult:
http://twitter.com/BarackObama/status/1238238576141352966

someone who wouldn't just all caps "SOCIAL DISTANCING"...

plus now that Trump has joined the seriousness, how can any Foxer complain media hyped it just to hurt Trump? are they all apologizing on air?
(i know Fox & Friends just had a guest [Jerry Falwell Jr] on sticking to that 'to hurt Trump' narrative, so i'll guess no)
hood
Member
Sat Mar 14 14:18:57
And rugian wonders why I don't bother arguing with him.
Rugian
Member
Sat Mar 14 14:30:16
I thought it was because you were a HOer that has no valid political arguments? Don't suddenly start acting like you're some intellectual powerhouse bro.

Nim -

Sorry, but your comparison is self-defeating. Why should the supporters of the current President of the United States of America be put on the same level as acolytes of a random 16-year old depressed child with Asperger syndrome? Do age and experience count for nothing now? That's silly.
Nimatzo
iChihuaha
Sat Mar 14 14:59:07
You don’t see because you are in it. You still think this is a worthwhile game.
hood
Member
Sat Mar 14 15:08:40
No, bleeding vagina. I just don't suffer the willfully ignorant.
Rugian
Member
Sat Mar 14 15:16:41
There goes Jewboy, immediately ramping things up to 11 again. Good thing I'm a reasonable person; you pull that shit with a WTB-type and they'd probably be ordering a set of Pumas for some curbstomping action by now.

Nim

I enjoy the current set of freedoms that I have as an American citizen. Trump represents a continuation of those freedoms. His opponents are on record as wanting to take many of those freedoms away.

I don't see what your issue is in understanding that. Even if you were to think that Trump is some manchild idiot who can't understand anything about a second-grade level and will constantly fuck up everything he touches, he still beats the alternative.

hood
Member
Sat Mar 14 16:04:26
Ramping up to 11? It's rather sad if calling you a bleeding vagina hit so close to home that you consider it "ramping things up to 11."


"he still beats the alternative."

The alternative of fixing the catastrophes that always seem to occur when republicans start making laws? Yes, lets just continue to vote for "impending catastrophe" over and over. Sound plan.
Nimatzo
iChihuaha
Sun Mar 15 04:22:08
Rugia
That is fundamentally a non constructive way of viewing things, embodied by Trump every time he speaks. He does not want to be the entire countries president, he only speaks to his team and views the ”alternative” as his enemies. Good luck with the whole ”union” thing.
Habebe
Member
Sun Mar 15 08:27:22
Nimatzo, I beg to differ. He routinely tries to bring those who wouldn't vote for him into the fold so to speak, more sonthan most. What other president has sought the black vote as much as Trump? That woils be like a Democrat seeking the white evangical vote.
Dukhat
Member
Sun Mar 15 16:12:12
LoL. Cut the rate to 0 and more quantitative easing. Powell folded like a house of cards to Trump's bullshit. It still won't prevent the upcoming recession.

Shithole implosion indeed.
tumbleweed
the wanderer
Sun Mar 15 18:38:55
sounds like the DOW will be headed back down tomorrow... i'm sure Trump will tweet about the disappointment & ask Dobbs to return the signed graph

(disclaimer: i'm usually wrong on stock market, so maybe it's going up...)
jergul
large member
Sun Mar 15 19:53:07
US stock futures hit 'limit down' after Fed cuts interest rate to zero

By Rob McLean, CNN Business

=====================

The market decided the Federal Reserve panicked.
Wrath of Orion
Member
Mon Mar 16 01:17:16
Christ, Rugian is beginning to spiral down closer to Fucking Retard's interpretation of things. It's kind of like a slow motion train wreck spread out over a number of years.
Rugian
Member
Mon Mar 16 08:41:52
WoO, hush. I'm too busy refinancing my shit right now.
jergul
large member
Mon Mar 16 08:59:14
A buy-in at 19750 also seems a bit crazy now. I am not going to do that. I think I will check out what the inflation adjusted 2008 level is.

Pending
Pending

heh

11k.
Daemon
Member
Mon Mar 16 09:18:32
China:

http://www...ollapse-chinas-economy-warning

[...]
Amid a widespread shutdown of manufacturing operations, industrial production – a measure of manufacturing, mining and utilities activity – declined by 13.5 per cent over the first two months of the year, combined data for January and February showed.

This was the first decline on record, although ordinarily the data is released monthly. But the numbers were well below expectations of a 3.0 per cent decline.

Retail sales, a key metric of consumption in the world’s second largest economy, fell by 20.5 per cent, again the first decline on record. This was well below the median forecast of a group of analysts, conducted by Bloomberg, which predicted a 4.0 per cent contraction.

Fixed asset investment – a gauge of expenditure on items including infrastructure, property, machinery and equipment – collapsed by 24.5 per cent, much worse than analysts’ predictions of minus 2.0 per cent. This was the first shrinkage on record.
[...]
Dukhat
Member
Mon Mar 16 09:46:09
China bought the world time and we all bungled it outside east asia. This thing is going to ravage most of the third and 2nd world. 1st world countries will be lucky if only 30% of people are infected which still means overburdened hospitals.

I hope Tucker Carlson and the trump supporters that have a clue can get everybody else on board because we need them to take it seriously and practice social distance.
Daemon
Member
Mon Mar 16 10:19:41
They're closing some factories for the next few days.

http://www.reuters.com/companies/VOW3N.MX/key-developments

Volkswagen February Group Deliveries Down 24.6%

March 13 (Reuters) - VOLKSWAGEN AG <VOWG_p.DE>::SAYS FEBRUARY GROUP DELIVERIES DOWN 24.6% AT 546,300 VEHICLES.SAYS FEBRUARY GROUP DELIVERIES DOWN 3.5% IN WESTERN EUROPE, DOWN 6.9% IN CENTRAL AND EASTERN EUROPE, UP 8.4% IN NORTH AMERICA, DOWN 74% IN CHINA.SAYS JAN-FEB VOLKSWAGEN GROUP DELIVERIES DOWN 13.9% AT 1.4 MILLION VEHICLES.
jergul
large member
Mon Mar 16 11:23:53
Dukhat
It is not going to ravage countries with young populations, high rural %, and relatively high mortality rates. Those places will be hard put to measure any statistical change in mortality.

We type and type and type and type, then think, well at least this forum is informed.

Then type some more repeating what has already been typed. The only change is that I have one illusion less.
Nimatzo
iChihuaha
Mon Mar 16 15:18:26
Rough day...
tumbleweed
the wanderer
Mon Mar 16 15:28:37
BIGGEST STOCK MARKET DROP IN HISTORY TODAY!
~ Trump (if Obama was prez)
jergul
large member
Mon Mar 16 15:33:27
And this is before Boeing seeks chapter 11 protection.
Rugian
Member
Mon Mar 16 15:38:37
I am getting drunk tonight. Fuck it.
obaminated
Member
Mon Mar 16 17:29:52
i unfortunately did not stock up on alcohol like i should have. i only have enough booze for tonight. after that i will need to venture to vons and brace for getting a deadly infectious disease. because fucking being sober when everything is shut down.
chuck
Member
Mon Mar 16 17:35:45
> There goes Jewboy, immediately ramping things up to 11 again. Good thing I'm a reasonable person; you pull that shit with a WTB-type and they'd probably be ordering a set of Pumas for some curbstomping action by now.

See, a Nazi is somebody who, because they are filled with irrational hatred, curb stomps Jewish people.

Rugian on the other hand, a rational conservative intellectual, is entirely different. He only fantasizes about curb stomping Jewish people.
sam adams
Member
Mon Mar 16 23:51:11
"i unfortunately did not stock up on alcohol like i should have."


Oooooo failure of prepping 101.
jergul
large member
Tue Mar 17 09:28:38
DOW rebounds and is currently up 0.29%!
Habebe
Member
Tue Mar 17 09:46:59
Sweet, we hit rock bottom. The Dow can only get to 0 at worst.

In all reality, I thinknot will correct this dip when panic ends and we get back to more normalcy... I just dont know how long that will be though.
jergul
large member
Tue Mar 17 11:17:33
habebe
If the stock market falls 50%, it has to increase 100% to get back to where it was.
jergul
large member
Wed Mar 18 12:26:15
So, a federal deficit of 4-5 trillion in 2020 then (calendar, not fiscal)?

It was 1.3 trillion in 2019.

You sure that was the bottom you hit, and not a pelagic fish?
tumbleweed
the wanderer
Wed Mar 18 12:31:18
Trump will blame his (pre-virus) portion of the skyrocketing deficit all on the virus & his cultists will then repeat his claim as if it makes any sense

it's very creepy seeing it in action
sam adams
Member
Wed Mar 18 15:10:40
Oils down to what 25 dollars?

Poor norway...
jergul
large member
Wed Mar 18 16:02:57
Sammy
We don't care.

The Dow is back to when Trump was elected.
sam adams
Member
Wed Mar 18 16:07:37
Yes, im sure you dont care that your national industry got crushed.
chuck
Member
Wed Mar 18 16:30:38
Maybe some of the people supporting policies that treat the United States like it is just a stock exchange that also inconveniently includes a nation and 300 million people will have a change of perspective after this abates.

"I pledge allegiance to the flag of the United States of America, and my 401k for which it stands."
jergul
large member
Wed Mar 18 16:41:28
50k jobs is (25 direct, 25k indirect) is not a big deal. And crushed? Break-even is 18 dollars and going below that only means production at a loss.

Everyone knows the oil move is to destroy shale. We don't do shale.

It will be interesting when oil storage runs out though. 10 million barrels a day in overproduction globally. Production will have to be reduced by 10% for that reason alone.

That is why Saudi Arabia is emptying its storage as fast as it can now. To have a storage buffer later.
Habebe
Member
Wed Mar 18 21:14:49
Shale is mostly the US. The US economy is much better suited to withstanding the drop in price much betternthan either SA or Russia, even Norway.

The rest of our economy will gladly accept the boost from cheap fuel.Now admittedly we will gain less from.cheap oil now with thanking flu going around, but none the less Russia and SA stand to lose the most as its they have economies much more based on FF exports, the US is 80% service economy.
jergul
large member
Thu Mar 19 05:15:37
Yah, your economy is doing just great!

You do realize tha colllapsing shale due to oil will push up NG prices, right?

Russia and SA are the ones behind this. They are doing it to kill US shale.

They can because they have huge financial buffers.

You know, the opposite of huge deficits.
sam adams
Member
Thu Mar 19 06:34:39
Lol jergul. US shale never dies. Sometimes it pauses. That industry is huge and entrenched. Its over for you. You will never put that genie back in the bottle, at least until fusion.
sam adams
Member
Thu Mar 19 06:54:38
The dollar comtinues to rise against most other currencies.

Sorry jergul
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