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re: Fed's Bullard Warns Unemployment May Soar To 30%, GDP Crash 50% In Q2
Posted on 3/23/20 at 6:42 am to Oilfieldbiology
Posted on 3/23/20 at 6:42 am to Oilfieldbiology
quote:
Maybe so. Buts it’s no more irresponsible to say millions were going to die from this virus if we didn’t absolutely tank the economy
Agreed
1
Posted on 3/23/20 at 6:43 am to Janky
Well, just let me know how you feed 7 billion people without a global credit/debt system.
And no, millions of people probably won't die of this. Of course, 1-2 million people globally die of TB every year and nobody even cares about that since I have been alive.... they use to.
And no, millions of people probably won't die of this. Of course, 1-2 million people globally die of TB every year and nobody even cares about that since I have been alive.... they use to.
This post was edited on 3/23/20 at 6:46 am
Posted on 3/23/20 at 6:47 am to GeauxFightingTigers1
quote:
meaning the government will have to buy corporate bonds, stocks
Fox News yesterday was floating the idea of the federal government buying stock interests in companies they send bailout money too to ensure they can control the companies.
That’s is a bizarrely terrifying thought for Americans being floated by the MSM
Posted on 3/23/20 at 6:48 am to GeauxFightingTigers1
quote:
Called it.
It took all of 4 minutes after the open. Historic
Posted on 3/23/20 at 6:57 am to Janky
quote:
So, explain to me how this comment does anything positive.
why does all news have to be positive?
especially when the course of action our government took didn't exactly explain this to the population along the way?
Posted on 3/23/20 at 7:00 am to MarineVet
quote:
I hope you don’t go into hiding when in a couple months this was just a temporary disruption
we're likely still going to be quarantined in a "couple months"
Posted on 3/23/20 at 7:03 am to SlowFlowPro
quote:
we're likely still going to be quarantined in a "couple months"
I have yet to figure out wtf they even think they are accomplishing.
Posted on 3/23/20 at 7:03 am to SlowFlowPro
quote:
why does all news have to be positive?
It doesn’t. No comment would have been just fine. But throwing out wild guesses this hyperbolic does nothing but further de-stabilize the market.
Posted on 3/23/20 at 7:05 am to SlowFlowPro
quote:
we're likely still going to be quarantined in a "couple months"
Oh, now I get it. You are one of those that like to throw out hyperbolic guesses as well.
Posted on 3/23/20 at 7:05 am to GeauxFightingTigers1
quote:
have yet to figure out wtf they even think they are accomplishing.
Crashing the economy on purpose is Occam’s razor
Posted on 3/23/20 at 7:06 am to Janky
quote:
It doesn’t. No comment would have been just fine. But throwing out wild guesses this hyperbolic does nothing but further de-stabilize the market.
That makes zero sense. The can't go in and start buying worthless paper from Trumps buddies without a reason.
"Everything is fine but we're bailing out all the rich people because we feel like it."
Posted on 3/23/20 at 7:07 am to Janky
quote:
Oh, now I get it. You are one of those that like to throw out hyperbolic guesses as well.
The virus will be back for sure, the only reason it wouldn't be is if a much higher percentage of people have this i.e. saturation.
Posted on 3/23/20 at 7:08 am to Janky
quote:
Oh, now I get it. You are one of those that like to throw out hyperbolic guesses as well.
the nature of this plan/policy kind of requires a rolling/fluid situation, unless we lock down for a year or so
Posted on 3/23/20 at 12:40 pm to GeauxFightingTigers1
This isn’t capitalism when you force small businesses to stay closed because of a Virus threat. That is USSR at its finest. You have it backwards... any government interference was not capitalism. You would find more bandits if you adjusted yourself aim to government cronyism instead of buying into the narrative that the job creators are the bad people. Pretty sure this was a government created virus in a centrally controlled country.
Posted on 3/23/20 at 12:42 pm to MarineVet
quote:
This isn’t capitalism when you force small businesses to stay closed because of a Virus threat. That is USSR at its finest. You have it backwards... any government interference was not capitalism. You would find more bandits if you adjusted yourself aim to government cronyism instead of buying into the narrative that the job creators are the bad people. Pretty sure this was a government created virus in a centrally controlled country.
Oh I agree there.
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