IronWing
No Lifer
- Jul 20, 2001
- 69,006
- 26,885
- 136
DOW closed higher so doesn't count. The DOW has skyrocketed 0.27% since Trump took office.
That's a 0.09% annual rate of return! We'll be rich in no time!
ShookKnight
Senior member
- Dec 12, 2019
- 646
- 658
- 96
Guys... I got it.
PORK BELLIES.
No, listen, I saw it in a movie once!! I just need a few things and we are good to go;
-a prostitue
-a homeless man
-two old white guys
-a gorilla
-a man in a gorilla suit to get raped by the gorilla
-a dime bag of coke
-a banana to shove into a car's tail pip... wait, wrong movie...
Anyway, let's work together and gather these things!! We can save the Stock Market!! We can save America!!
PORK BELLIES.
No, listen, I saw it in a movie once!! I just need a few things and we are good to go;
-a prostitue
-a homeless man
-two old white guys
-a gorilla
-a man in a gorilla suit to get raped by the gorilla
-a dime bag of coke
-a banana to shove into a car's tail pip... wait, wrong movie...
Anyway, let's work together and gather these things!! We can save the Stock Market!! We can save America!!
IronWing
No Lifer
- Jul 20, 2001
- 69,006
- 26,885
- 136
- Mar 20, 2000
- 102,414
- 8,356
- 126
fleshconsumed
Diamond Member
- Feb 21, 2002
- 6,483
- 2,352
- 136
The worst prediction currently is that this virus is so contagious and so deadly that we will have to stay on lockdown or risk runaway outbreaks overwhelming healthcare system until vaccine is found. Kind of like Spanish Flu that had a second wave. If that prediction is true, then we will have to stay on lockdown for roughly 2 years in which case yes, this is way way worse than 2008.
feralkid
Lifer
- Jan 28, 2002
- 16,465
- 4,534
- 136
shortylickens
No Lifer
- Jul 15, 2003
- 82,854
- 17,365
- 136
Serious question: Is there a direct correlation between the stock market and employment rates?
Not after the feds cut the interest rates to zero or nearly zero.my savings account pays better interest
- Mar 20, 2000
- 102,414
- 8,356
- 126
When your bank can get money more cheaply from the fed they will instead of paying you more.
You must not realize that savings account interest rates are tied to the feds rate, generally lower because the feds is where most banks get some of their money they do business with.
And... you ain't seen nuthin' yet-
www.ccn.com
It's like mortgage bonds in 2008.
The Stock Market Has a $10 Trillion Time Bomb, and FedEx May Have Just Lit the Fuse
There's a $10 trillion time bomb lurking in the US stock market, and FedEx warns that a dire economic outlook proves the fuse is already lit.
www.ccn.com
It's like mortgage bonds in 2008.
shortylickens
No Lifer
- Jul 15, 2003
- 82,854
- 17,365
- 136
Yeah I think a lot of us knew it was gonna happen again under basically the same circumstances. But no one in charge wanted to hold corporations accountable.And... you ain't seen nuthin' yet-
The Stock Market Has a $10 Trillion Time Bomb, and FedEx May Have Just Lit the Fuse
There's a $10 trillion time bomb lurking in the US stock market, and FedEx warns that a dire economic outlook proves the fuse is already lit.
It's like mortgage bonds in 2008.
- Feb 24, 2009
- 23,413
- 10,303
- 136
Let me guess. They borrowed the money to buy back their own stocks.
Securitizers made out like bandits & executive bonuses were most excellent. The Company? Run that nag until its chin hits the dirt.
shortylickens
No Lifer
- Jul 15, 2003
- 82,854
- 17,365
- 136
They know the ridiculous kind of debt they are piling up can never be paid back, so they just don't worry about. Same as the federal government. and a lot of major cities.
Bitek
Lifer
- Aug 2, 2001
- 10,647
- 5,220
- 136
Can't say it's impossible, I just don't see how that's sustainable. Complacency and frustration will set in eventually.
Can't keep kids out home and out of school for years. Hard to imagine even the fall. Maybe, but parents are already getting frazzled and it hasn't been a week. At some point people will want this to be over regardless.
That's basically what China did. Virus contained good enough, and send everyone back to work
Last edited:
Bitek
Lifer
- Aug 2, 2001
- 10,647
- 5,220
- 136
And... you ain't seen nuthin' yet-
The Stock Market Has a $10 Trillion Time Bomb, and FedEx May Have Just Lit the Fuse
There's a $10 trillion time bomb lurking in the US stock market, and FedEx warns that a dire economic outlook proves the fuse is already lit.
It's like mortgage bonds in 2008.
These are the things Im worried will come out of "nowhere" and really slam us when we can least afford it.
IronWing
No Lifer
- Jul 20, 2001
- 69,006
- 26,885
- 136
Modern corporations operate as debt engines, sucking up every bit of credit they can scrounge and then when they run out of suckers, go bankrupt. The whole concept of "capital" has been turned on its head and central bank policy has fueled the change.
Puffnstuff
Lifer
- Mar 9, 2005
- 16,025
- 4,795
- 136
I've only got 1.5L of turbocharged economy under the hood so I'll have to pass on that.
On the other hand if you want to do a mileage loop......my savings account pays better interest
I think my checking account pays better interest.
- Oct 28, 1999
- 62,387
- 8,154
- 126
Re: Will this be worse than 2008?
Answer: Hold on to your butts
www.oregonlive.com
Oregon hit ~ 12% unemployment in 2008. They are bracing for 20% this year.
Answer: Hold on to your butts
Oregon jobless claims surge 3,200% amid coronavirus outbreak
An Oregon business leader predicted the state’s unemployment rate could rise as high as 20% in the coming months as the economic catastrophe deepens, a rate that implies nearly 500,000 people would be looking for work.
Oregon hit ~ 12% unemployment in 2008. They are bracing for 20% this year.
shortylickens
No Lifer
- Jul 15, 2003
- 82,854
- 17,365
- 136
I was in Eugene when the market crash happened in 2008 and lost my job at Hynix.
Went to Tektronix right after that. They didnt extend my contract after 6 months.
Lost my second job in 2008.
Bad times. But I moved home to be with mom and go to school, so I never applied for unemployment in Oregon. Makes you wonder how many people were really out of work.
Went to Tektronix right after that. They didnt extend my contract after 6 months.
Lost my second job in 2008.
Bad times. But I moved home to be with mom and go to school, so I never applied for unemployment in Oregon. Makes you wonder how many people were really out of work.
MomentsofSanity
Lifer
- Jan 25, 2011
- 16,589
- 8,671
- 146
Yeah as much as I am hating my job right now I have no concerns about it going away. I'm fortunate that while everyone is worrying if they will have a paycheck that I know as long as I can come in to work the job will be here.
Can't imagine single income service workers right now and what amount of confusion and panic they are going through.
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