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Utopia Talk / Politics / Dow breaks 19000
jergul
large member
Thu Mar 19 07:53:03
Futures are a 19200 right now.


Sammy
USD strength right now is a sign of the free market system under tremendous pressure.

You probably do not want to gloat too much about that. It does not bode well for the coming weeks and months.
jergul
large member
Thu Mar 19 08:34:16
US Jobless Claims Jump to 2-1/2-Year High
The number of Americans filling for unemployment benefits increased by 70 thousand to 281 thousand in the week ended March 14 from the previous week's unrevised level of 211 thousand and well above market expectations of 220 thousand. This was the highest level for initial claims since September 2, 2017 when it was 299 thousand.

And so it begins.
sam adams
Member
Thu Mar 19 10:52:49
"USD strength right now is a sign of the free market system under tremendous pressure."

you had been doing so well in the corona threads. Do you really want to revert back to crazy jergul?
jergul
large member
Thu Mar 19 11:41:54
Sammy
What crazy? We know the US has a bumblebee economy (normal rules to not tell us why it flies).

The USD should not be rebounding in response to recent news. It has rebounded. This indicates a free market system under tremendous pressure.

We can check that against our newsfeeds where the Federal Government is activating laws that allow it to take control of the private sector.

Or anything you fucking like from your newsfeed telling you the free market system is under tremendous pressure.

I was more expecting a duh captain obvious comment that someone suggesting everything is a ok.
sam adams
Member
Thu Mar 19 11:51:04
Yes jergul. Pats head.
Habebe
Member
Thu Mar 19 12:05:00
In other words Jergul read somwhere in the weekly comrade that " the free market is under tremendous pressure" and he will run with that line. Not long agao it was that " The US is no longer a safe haven" but apparently the dollar is.
sam adams
Member
Thu Mar 19 12:26:56
Worldwide investors flock to dollar as safest currency.

Jergul: "i fucking hatw the free market, it makes the us look good and me look wrong"
jergul
large member
Thu Mar 19 12:55:27
Habebe
Stop projecting. I am perfectly capable of independent thought.

Sammy
I love the free market. I get all of its benefits and none of its downsides.

What do you think your federal deficit will be this year? 4, or 5 trillion?

You are breaking capitalism. Which sucks.
sam adams
Member
Thu Mar 19 14:34:21
Eu asks Netflix to drop hd streams because their socialized infrastructures cant handle the load.

Lol.

But muh socialuzed networks are better!
jergul
large member
Thu Mar 19 14:46:43
Patience sammy. New job claims only went up 70k last week.

Soon, people will be using netflix and chill for fever aleviation. People feeling sick will be heading to the park to find ducks and their quacks.

Good times. It will be fun for you.
obaminated
Member
Thu Mar 19 14:50:07
" People feeling sick will be heading to the park to find ducks and their quacks."

what the fuck does this mean?
hood
Member
Thu Mar 19 15:06:39
I can only surmise that there is some ancient Norwegian tradition of bestiality when times are bad.
sam adams
Member
Thu Mar 19 15:08:40
"Thu Mar 19 15:06:39
I can only surmise that there is some ancient Norwegian tradition of bestiality when times are bad."

Lol. I lauhged out loud but not that loud. 9/10.
jergul
large member
Thu Mar 19 16:12:35
Obam
Play on words. Informal doctors = Quacks.

Hood
Actually, times don't get bad. People laid off are getting 100% pay (its usually a 67% of wages benefit).

jergul
large member
Thu Mar 19 16:13:31
I am slightly disappointed in you Hood. You should recognize a good quack when you see one.
jergul
large member
Thu Mar 19 16:15:00
Obam
Do I also need to explain the wordplay on "chill" for fever reduction?
obaminated
Member
Thu Mar 19 18:18:14
no jergul, you dipshit, no one understood your fucking weird joke.
Rugian
Member
Thu Mar 19 18:47:09
I recently saw a video titled "What English Sounds Like To Non-English Speakers":

http://www.youtube.com/watch?v=yU2wkD-gbzI

To summarize: "Many words spoken in the video are actual English words. When put together, however, the sentences make little to no sense. While many non-English speakers can pick out words they recognize, they still often fail to make sense of an entire statement."

I often feel that way with many jergul posts. The words are there, they just make little sense.
Rugian
Member
Thu Mar 19 18:49:38
And to be absolutely clear, that's not my problem with jergul. He's a Cold War-era Norwegian, of course it's unreasonable to expect him to be 100% proficient in English.

I just wish he'd acknowledge that sometimes his sentiments are not entirely clear.
jergul
large member
Thu Mar 19 19:09:11
Ruggy
I seriously advise that you never watch British comedy. Their ESL will confound you.

But let me help you.

Ducks Quack. Quacks provide uncertain medical remedies. Quacks or prayer will will pretty much be your medical options soon.
hood
Member
Thu Mar 19 19:36:23
Jokes aren't funny if you have to explain them. Sorry, babe.
jergul
large member
Thu Mar 19 20:14:09
Hood
Not funny only to the obtuse. Sorry, babe.
jergul
large member
Thu Mar 19 20:18:27
Its ok though, everyone is obtuse some of the time.

Perhaps alternative medical practitioner is the preferred term these days and quack has fallen into disuse.

Habebe
Member
Thu Mar 19 20:24:11
Quack is a common term for shitty doctors, in this case Jergul isnt out of line.

The joke was a little weird butnill chalk that up to cultural difference.
Wrath of Orion
Member
Thu Mar 19 20:33:42
jergul tells a retarded joke.

Nobody gets it.

jergul explains it.

Nobody thinks it's funny.,

jergul blames everyone else.

mmkay.
jergul
large member
Thu Mar 19 20:37:25
A play on words more than a joke. Far be it for me to blame anyone for being obtuse. Some are born that way, but most are just obtuse some of the time.

Feel free not to ever watch monty python or black adder.

It would confuse you and you would think it retarded.
Wrath of Orion
Member
Thu Mar 19 20:55:43
Yeah, you're the greatest. The type of person that, as a comedian, would tell a joke to a theater full of people, then think they're idiots when nobody finds it funny.

You're never wrong and certainly never just plain retarded.
jergul
large member
Thu Mar 19 21:05:15
Its just a play on words WoO.

Its fine that you did not think it was funny. I was aiming more for witty.

No need to go batshit crazy.
Habebe
Member
Thu Mar 19 21:18:12
I kind of side with Jergul for once...meh, he told a wierd joke that no one understood... Why are we still talking about it?
Dukhat
Member
Thu Mar 19 21:44:18
My bottom on this thing keeps going lower and lower because of Trump but I see the US bouncing back to around 19,000 for now when the growth in cases and overloaded hospitals goes down which is like 3-4 months away.
Dukhat
Member
Thu Mar 19 21:44:53
Should only be 2 months but our president is such a fucking idiot and doesn't do things until it's almost too late.
tumbleweed
the wanderer
Thu Mar 19 22:12:42
there are stories of Senators Burr & Loeffler dumping stocks before the collapse but after virus briefings
obaminated
Member
Thu Mar 19 22:46:22
if that is true then they should be tried for treason and shot. that is unacceptable.
Dukhat
Member
Thu Mar 19 22:55:39
Before I was buying supplies. Now I am buying guns. Lots of guns. The racist violence is going to be out of control when there are thousands of Americans dying every day as MAGA retards start blaming "Chinaman" even though most asians in America aren't even from China and most Chinese-Americans warned about the disease.

Going to look apocalyptic for a couple of months.
sam adams
Member
Thu Mar 19 23:17:20
Lol cuckhat no. Stop freaking out. Get your shit together.

Besides you only need a couple guns. Ones you are used to and can fix.
Dukhat
Member
Thu Mar 19 23:35:15
I was exaggerating a bit but we will see at least some. It's already happened in Britain.
sam adams
Member
Thu Mar 19 23:48:02
"there are stories of Senators Burr & Loeffler dumping stocks before the collapse but after virus briefings"

The loeffler one would look much sketchier if the sold stock was more than 2% of their net worth.

As it is... it looks like a minor hedge. Reasonable based on public news alone.
Habebe
Member
Thu Mar 19 23:48:35
He, I seen that. Sounfs like insider trading but Idk the details.

Dukhat, So mad Max by summer?
patom
Member
Fri Mar 20 04:18:57
sam, they both dumped their stock after an early Coronavirus briefing of Senators.
Habebe
Member
Fri Mar 20 05:21:13
Now it's 3, Diane Feinstein sold a bunch as well in late January/early Feb.

I womder what the tally will be in the end.
Dukhat
Member
Fri Mar 20 06:13:37
Feinstein sold some biotech stocks. Seems like a bad time to be selling them. Burr is the most suspicious by selling so much at the right time. The Georgia senator is a little better because she's so rich but still not a great look.

Habebe
Member
Fri Mar 20 06:35:45
The biotech company does nothing for covid.Its for cancer that Feinstein sold.

Allogene therapeutics.
Seb
Member
Fri Mar 20 17:15:07
Sam Adams:

RE netflix, you have it back to front.

It's European's socialised consumer base that can sustain the increased demand.

In countries without a safety net, demand will collapse instead. Especially for luxuries like netflix.
Seb
Member
Fri Mar 20 17:19:29
Dukhat:

Two people beat up one guy in Britain. In most other ways the reverse is happening.

I've spent the last weeks evening building a volunteer network with over 2000 members in my Borough alone organising mutual support.

Humans as pro-social in a non-violent crisis - they tend to work together against adversity far more than descend into post-apocalyptic chaos.

Rather than buying guns, find a local volunteer group and spend the money you'd spend on a gun on printing leaflets, providing a float for people doing shopping, or on subscription fees for E.g. virtual call center for whoever is doing the coordination work.
The Children
Member
Fri Mar 20 17:23:20
"Before I was buying supplies. Now I am buying guns. Lots of guns. The racist violence is going to be out of control when there are thousands of Americans dying every day as MAGA retards start blaming "Chinaman" even though most asians in America aren't even from China and most Chinese-Americans warned about the disease.

Going to look apocalyptic for a couple of months. "

>> SHITHOLE MUDHUT 3RD COUNTRY!!!

Rugian
Member
Fri Mar 20 17:23:33
You know you've completely lost the plot when SEB of all people is telling you to cool it with the minority victim mentality.

No one's coming to kill you and your fellow rice-eaters, Dukhat. Calm TF down.

Your newfound appreciation for the Second Amendment is nice though.
Wrath of Orion
Member
Fri Mar 20 17:25:50
Seriously, how many pairs of pants is Dukhat going through a day? He's losing his fucking mind.
sam adams
Member
Fri Mar 20 17:40:20
Further proof that the uk is kindof third world(in addition to income stats):

Seb thinks netflix is a luxury.
LazyCommunist
Member
Fri Mar 20 19:17:33
Owned

http://mar...oldman-sachs-2020-3-1029018308


Goldman Sachs on Friday dramatically cut its US economic forecast, saying it now expects GDP to decline by 24% in the second quarter of 2020 because of the coronavirus pandemic.
A drop of that size would set a record - it would be nearly 2 1/2 times the 10% drop seen in 1958.
"Early data points over the last week strengthen our confidence that a dramatic slowdown is indeed already underway," the Goldman Sachs economist Jan Hatzius wrote in a Friday note.
Rugian
Member
Fri Mar 20 19:28:23
Don't listen to Goldman Sachs; they're a bunch of never-Trump leftwing progressives!

"Goldman Sachs becomes first major U.S. bank to stop funding Arctic drilling, pulls back on coal"

http://www...-pulls-back-on-coal-2019-12-16
jergul
large member
Fri Mar 20 20:20:06
The thing is. That 12.5 by 2020 was actually based on fundamentals (it was a 2005 idea). I did not imagine a dramatic shift, but the covid-19 could simply unwind things to where they should of been by now anyway.

We shall see what happens when Italian style health care hits the newsfeeds.
jergul
large member
Fri Mar 20 20:21:19
Let me remind you before you start flaming. 2005 is a while ago and guess what...

You are still here in this forum :).
Habebe
Member
Fri Mar 20 20:28:49
Sam, Well its almost TEN dollars a month!!! I mean only the rich can afford that.
Dukhat
Member
Fri Mar 20 23:31:38
Doctor is surging stronger than ever Jergul. Being the world reserve currency kind of stops the US economy from being 12.5% of world GNP.
sam adams
Member
Fri Mar 20 23:34:05
Lulz.

The sad thing with jergul is that he thinks the us Coronavirus scare is only going to affect the us. Despite europe have 30 times our deaths.
Dukhat
Member
Sat Mar 21 00:38:25
Dollar*
jergul
large member
Sat Mar 21 03:46:47
Sammy
You are slipping on understanding exponential growth here. You are 2 weeks behind Italy's time line.

Dukhat
Lets wait for more things to happen. The economic slowdown is targetting the service sector disproportionately hard. Jobless claims this week are expected to surge up by 2 million.
jergul
large member
Sun Mar 22 17:21:05
Futures say dow down another 5% on opening in the morning.
sam adams
Member
Sun Mar 22 21:59:51
As will all the worlds markets. Alas, your dream of 1.5 will never work.
sam adams
Member
Sun Mar 22 22:07:16
12.5
sam adams
Member
Sun Mar 22 22:33:57
Emirates, 5th largest/most important airline, grounds entire fleet, cancelling 100% of passenger service.
jergul
large member
Sun Mar 22 23:31:59
You mean the 2nd largest Boeing operator on the planet? I am guessing the US military has the first slot.
sam adams
Member
Mon Mar 23 09:52:28
UA and AA are more important to boeing. its a bad look for the global economy.
sam adams
Member
Mon Mar 23 10:02:11
SW is also more important to Boeing.
Rugian
Member
Mon Mar 23 15:58:44
18591.93 at end of trading today.

China should be nuked out of existence over this bullshit.
Seb
Member
Mon Mar 23 16:08:14
Sam:

It is a luxury for anyone without an income.

My point was for the social democracies, demand for Netflix will shoot through the roof. For 3rd world US, that will be self limiting.
jergul
large member
Mon Mar 23 16:27:14
Ruggy
If you want to blame anyone, then blame the fraud that hyped the market up to where it fell.

I hope President Coumo throws the book at that orange haired scoundrel.
Rugian
Member
Mon Mar 23 17:05:58
"If you want to blame anyone, then blame the fraud that hyped the market up to where it fell."

Bullshit. The market would be crashing right now whether it was at 25,000 or 2,500 at the beginning of February. Economic shutdowns tend to do that to markets, no matter where they currently stand.

Cynthia Nixon's bitch ain't gonna do shit to Trump. But I do hope the difference between how he and Trump have responded to the crisis will be useful in terms of teaching you about the basics of American federalism, including who holds plenary policing powers within our country (hint: it ain't Trump).
obaminated
Member
Mon Mar 23 17:09:35
you are giving him waaaay to much credit if you think him being proven factually wrong will teach him anything.
LazyCommunist
Member
Mon Mar 23 17:14:48
"18591.93 at end of trading today."

Best time of my life.
jergul
large member
Mon Mar 23 18:05:44
Ruggy
President Coumo and I are both fond of Keynsian economics. You may want to read up on it.

LC
If you think this is a day of celebration, then just wait for the 12.5 by 2020.

I have not been that spectacularly right since I emoted Abu Graib from video shots of released prisoners (fucking stunning. Reunited with their families, but nothing. Just tears of rage and fist shaking towards the facility).
Paramount
Member
Mon Mar 23 18:08:23
obaminated
Member Mon Mar 23 17:09:35


Looks like Obaminated is still alive and not deadly sick by the virus?
Dakyron
Member
Mon Mar 23 18:30:07
"Looks like Obaminated is still alive and not deadly sick by the virus? "

Then I take back my statement that I hope he doesn't die.
smart dude
Member
Tue Mar 24 03:06:26
I hope he does. That rom-com loving, Trump-voting oxygen thief contributes nothing to society. Maybe the uneducated toolbag mops floors somewhere or DRAHVZ A TRUUUCCK somewhere with his MAGA hat and his tramp-stamped "lady."
Habebe
Member
Tue Mar 24 10:54:44
Jergul, Keynes was discredited years ago. He had some notable contributions.
Habebe
Member
Tue Mar 24 11:03:58
As for coumo , take it he is next great liberal hope after Bloomberg didn't pan out for you?
jergul
large member
Tue Mar 24 11:25:57
Habebe
Wrong. The Chicago school does not like him because his ideas get in the way of the school's idea that disaster capitalism should lay waste to national economies.

Strange how quiet that school is these days with the federal deficit almost certain to pass 5 trillion this calendar year, aint it?
jergul
large member
Tue Mar 24 11:27:38
I am trolling Ruggy's loose relationship with the truth. Why not call Coumo the President if we are just calling things stuff these days?

Coumo has no path to the presidency after Biden pledged to choose a woman VP.
jergul
large member
Tue Mar 24 11:29:04
Also re loose relationship with the truth. I never estimated Bloomberg's chance at the presidency higher than 11%.

It would be nice if you stopped suggesting I had.
TJ
Member
Tue Mar 24 11:39:15
Where is Joe? I wouldn't be so sure that Coumo doesn't have a path to the democratic nomination. Presidency is a different matter. Things are working out weirdly.
Rugian
Member
Tue Mar 24 11:59:23
Loose association with the truth? You cant even spell Cuomo correctly you fucking spastic.

You sure are a cheap trick. Last week you were slobbering all over Bloomberg's cut cock, now you're riding Cuomo's. The bosses at CNN and NBC must love having audience members as malleable as youself.

As for Keynesian solutions, you should actually be a huge fan of Trump and the GOP right now.
Habebe
Member
Tue Mar 24 12:04:19
You can cling to your 11% bs as I knew you would.Your statments are readily available and speaknfor themself.

To, Idk. Biden is like hiding.
jergul
large member
Tue Mar 24 12:06:21
Its more Nero than Keynsian. Counter cycle has two parts. Its not accumulating debt when times are good and accumulating lots more debt when times are bad.

Good fucking luck with your 5 trillion dollar deficit this year.


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

Dow up 1k so far today. Wait for the whiplash when new unemployment claims are released on Thursday.
jergul
large member
Tue Mar 24 12:14:01
11% chance bro. The one thing I like about Bloomberg is that he had a much better chance of taking Florida than Sanders did. And with Florida, the presidency.

I disliked Sanders for the same reason you like him. He was unlikely to beat Trump. I gave him a 37% shot of winning Florida. Bloomberg was far more likely to take it.

But it worked out well. Biden is in position now.

I look forward to his message of unifying and healing.
Habebe
Member
Tue Mar 24 12:17:39
You think Biden will win?
Habebe
Member
Tue Mar 24 12:17:39
You think Biden will win?
sam adams
Member
Tue Mar 24 12:18:39
Bernie the retarded commie extremist had 0 shot of winning florida. Florida is all old people and cuban survivors. They hate commies.

"Id kill a commie for free, but for a green card ill carve him up real nice."
TJ
Member
Tue Mar 24 12:21:36
"But it worked out well. Biden is in position now.

I look forward to his message of unifying and healing."

Biden can't unify his mind with his mouth. :D
Rugian
Member
Tue Mar 24 12:23:29
And out comes the true jergul, the little commie who prays daily for America to implode. Rofl, its too easy.

The benefit of being the world's last superpower is we can do pretty much anything we want and the rest of you retards will just accept it. I'm sure European economic fundamentals are much better for handling a global economic shutdown though. Oh wait, no.

Biden is about as much of a unifier as AOC these days. Moving leftward in the last year on pretty much every policy aside, the prospect of his Veep being a Warren or Harris type is certain to scare away all the moderates. Good luck "unifying" the country with that shit.
jergul
large member
Tue Mar 24 12:47:34
TJ
He has overcome a stutter. Your point?

Ruggy
Au Contraire. I have always encouraged an orderly unwinding of global imbalances characterised by excessive USD purchasing power against the backdrop of numerous factors that would usually rebalance it incrementally.

You are the ones going batshit spend until everything implodes. Well, mkay. You will get what you wanted. In your lifetime even.

Nothing like mass lay-offs and the collapse of the health care system to shift any population to the left (save perhaps thinking this is end of days and here comes the rapture).

Biden will meet people where they are.
TJ
Member
Tue Mar 24 12:50:15
It isn't about his stuttering disability when he was young.
jergul
large member
Tue Mar 24 12:52:50
Its about the disability he still has and the techniques he uses to overcome it.

I take it you have noted the techniques are sometimes imperfect.

Your point?
TJ
Member
Tue Mar 24 12:56:19
My point is simple. His problem has nothing to do with his stuttering history. His mind is cluttered and faltering. Time will prove I'm correct.
jergul
large member
Tue Mar 24 13:01:18
TJ
If your theory was even partially true, then it would be noted first by a collapse of his stutter coping techniques.

Which we have not seen beyond a few lapses now and then.

But since we are gauging fitness for office, then psychriatric profiles of Trump are fair game too?

Because that is one fuck of a sociopath. Even you should be able to see that?
TJ
Member
Tue Mar 24 13:05:57
My discussion participation was about Biden and not Trump. Theory, :D, don't contradict yourself.

Beyond a few lapses now and then. :D

One doesn't confuse their thoughts when stuttering.
jergul
large member
Tue Mar 24 14:06:00
Fair game. You opened the door.

Who to choose. A sociopath or a guy with a stutter.

Decisions, decisions.

I am sure the American public will make the right call.
TJ
Member
Tue Mar 24 14:15:11
In your mind the game is open. In mine it is not.
I imagine others will join your game.
TJ
Member
Tue Mar 24 14:33:15
I only posted because I find it odd that someone who is likely the nominee for the democratic party is so low key over this pandemic when Cuomo is holding daily briefings. He wants Biden to be President because they are close political friends, power play, and making it possible to keep Biden out of the limelight. Anyone wonder why that is?

A little help from friends. :D
TJ
Member
Tue Mar 24 14:42:05
I'll help fill this thread with what I thought was an interesting article.

http://www...03/13/andrew-cuomo-2020-125084
Nimatzo
iChihuaha
Tue Mar 24 14:47:39
MASSIVE RECORDING BREAKING GAINZ ON THE DOW TODAY!

MAGA 2020
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