We’re thru the fucking floor boards again. You thought you’d make it, instead you’re now BOGGED the fuck out and broke.
In a meeting with GOP Senators, Mnuchin warned of a very obvious 20% unemployment rate, and soon, if they didn’t acquiesce and empty the fucking coffers.
SCOOP: Mnuchin warned the U.S. could see 20% unemployment in a meeting with Republican senators on Tuesday, sources tell @josh_wingrove , me and @JenniferJJacobs
Story on @TheTerminal
— Saleha Mohsin (@SalehaMohsin) March 17, 2020
In other news, Boeing is requesting a bail out of TENS OF BILLIONS. Let’s have a look at their fucking share buy backs since 2008. Literally wasted capital.
Dow futs are -900, Nasdaq -300, WTI a 26 handle -1.8%.
It’s over.
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Sounds like the same shit Henry Paulson told Congress back in the last crisis we had.
Yeah this did remind me of Paulson.
Weird market response oil is actually holding up somewhat instead of co-tanking with the market.
Also I think it is finally time people remember that the Euro is no safe haven.
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I’ve got a job for you. It’s long and hard.
LOL! Good one Numbers!
Good thing congress is on vacation this week and letting dotard fly solo. What’s the worst that could happen?
well, we decided to save a couple thousand folks at the expense of millions going jobless, broke, and starving.
Yup, what chess dimension does this launch the Chinese into?
Absolutely agree, Bear – the most sympathetic way I’ve heard it phrased (can be important), from an ER doc living in Spain, is that we’re “putting vulnerable children at risk” to prolong the life of the elderly.
No way this is approaching H1N1 from a body count perspective.
At risk of what? Some sniffles? What child tragedy have you found in the thousands of stories about this virus?
Go back and read what he wrote.
The children are at risk because their parents will lose their businesses and jobs.
Exactly, this virus has to be the most under the microscope media related virus to have ever existed. Yet barely any facts. Remember all of the pictures of insane procedures going on as if there was a bioweapon released in China ? Implement a kill two birds one stone test in the heart of flu season, right after signing a trade deal- realizing the final straw-!after every attempt from comrades to impeach a us president with lies was not being had by us citizens?
I agree, and feel like a bad pig for thinking this way. It’s from all these Hollywood movies. Saving lives at any cost. The cost can be very great.
Some comapnies are beneffitting from the virus. Do we make them pay extar taxes? No? Tehn why is lettign comapneis lose money so bad? Way too early for taxpayers to bail out the 1%, but it wil lprobabbly happen anyway.
We keep talkign about how we need to reduce the wealth gap, and now when GOd/nature hands the solution to us on a paltter, we want to try and icnrease the gap again?
Before we bail out anybody, I’d like to knwo how mcuh profit they made during the previosu 10 years and waht they did with it.
This
Are you having a stroke?
Nah, if i did, I’d probably fall on my keyboard and jam a letteeeeeeeeeeeeeee
All for letting everyone catch it and letting A FEW HUNDRED THOUSAND BOOMERS DIE (not “a couple thousand folks”). Darwinism is as sweet as the free market.
what’s the world wide death toll from corona virus right now? How many of those compromised individuals might have succumb to regular flu anyway? Assuming a few hundred thousand people die is hypothetical and we have data from past outbreaks of different strains to suggest it’s not end times. What is real, is the destruction we have now self-caused.
The Venn diagram of “people dying from disease anyways” (~2.8mm in the US each year, per CDC) and “people dying from corona” has huge overlap, for sure.
Technically we never had a retest of the March 2009 lows.
Wheeeeeeeeeeeeeeeeeeeeeeeeeeeee!!!!!!!!!
lol at the peak-greed buybacks
Cocaine reliant financial system,
which became cocaine-meth-lsd reliant,
was producing bogus illusory extraneous benefits
And offshoots,
The entire time,
As I was saying,
the entire time
see my finger
Why do you keep talking about your finger
Because it smells funny
He acts like he called the coronavirus but never made any mention of it until it hit the news flow. It was all inner circle elites back then.
I don’t believe that’s what he’s saying at all. He’s giving his middle finger to the market and market ‘controllers’ who have rigged this entire fabrication over the last 12 or more years, and I for one agree with him.
Until we get back to an economic system based on fundamentals (lol…), this bullshit will just continue on and never be resolved. I mean just look at that shit from Boeing. Ffs. Sure, *we* may have benefited from it… but has society? Take a look around – it’s a fucking shitshow out there in the real world (and I’m not talking about COVID).
Was saying
“Black swan”
and
“Endgame”
through
the oct-jan leg
Knew this
was a contagion event
by 3rd week in jan
Mo-Ron
Nut-Bag
As lapens said
It’s a deserved
Reckoning
One year from now
1. Luxury goods will be cheaper.
2. Necessities will cost twice as much.
meh
Everything will cost more is USD terms because the USD will be he new toilet paper.
All it will take is some appalling updated Corona virus numbers tomorrow to deliver another death blow. I don’t think I could go back to non-limit futures trading, Mr. Fly. Would seem dull.
Fujifilm shares jump 15% on China coronavirus drug trial boost
https://asia.nikkei.com/Spotlight/Coronavirus/China-says-Japan-developed-drug-Avigan-works-against-coronavirus
How long can the unemployed hand to mouth restaurant workers last without work?
And many were able to eat at work!
They are hungry tonight.
Chances of anyone getting a check to them in 1 week: 0%
2 weeks: 1%; 4wks 10%; 3 months: 90%
Hungry and discouraged people will start rioting in 1 – 3 weeks.
Sadly, that’s the goal – marshall law. When ‘someone’ breaks some shop window; the military will be called in. ‘ Hope I’m wrong.
Are we getting a $1000 check before or after we die?
Especially ironic for the boomers.
A line was crossed 10+ years ago. “Bailouts” were wrong then, and they’re wrong now. Does the US government have a right to an equity stake and a board seat in any company that accepts taxpayer money to stay afloat, realistic business plan withstanding?
Hell yes. Will it happen? Probabaly not
S&P limit down, yet again.
Eliminating a massive rally, yet again.
Ignoring a massive FED fiancail intervention, yet again.
Treasury rates rising as with a market crash, yet again.
The new normal?
In other news, the Army finally publicly stated the obvious: moving 20,000 troops to Europe is a bad idea.
Good news:
Religious zealots gathering en mass. Allah will work his will.
https://www.zerohedge.com/health/watch-hardliners-storm-popular-qom-shrine-after-iran-belatedly-shutters-it-amid-outbreak
Hopefully, Christian zealots are simialrly ignoring the governement and gathering en masse so God can work his will on them as well.
Doubly symbolic that a Saudi royal yacht capsized while docked in the orignal PIG
https://www.zerohedge.com/markets/saudi-princes-79-million-super-yacht-capsizes-greece
How did we fix that soverign debt crisis again? Oh right, we didn’t.
Also, I’ve come to the obvious conclusio nthat Boieng must declare bankruptcy.
Let’s not forget that this is a comapny that *purposefully put profit before safety*. They are literally repsonsibel for the **deaths of several hudnred innocent passengers,** and who knows how many more woudl have died if others had not acted. It was airliners, then avaition officailas that fianlyl grounded the palnes, not Boeing.
Let the company survive, fine, jobs and all. We need a US aerospace manufacturer. However, we don’t need Boeing stockhodlers. At. All.
Foreget TARP, that was a gift to banks. In 2008, GM stockholders were wiped out, bondholders took a hair cut. That is what needs to happen here. Of course, this time we have to avoid the secret bailout of letting them keep their billions in losses as a tax writeoff that they can use in the future, just as GM as done for years.
.
Casinos asking for a bailout is fucking ridiculous; which means this administration will fast track it.
That $APRN is still running, maybe all these people will realize how nice their fancy homes are compared to noisy restaurant and a lot cheaper
questions:
1) Does a $30m company like APRN have the supplier resources and aconenctions to meet demand? Their business model is based on high margins, not volume.
2) After the epeidmeic passes, how amny customers will they retain?
I don’t know the answers to either one, but then again, I’m not buying the stock because I don’t know if this is a runneer or just another knee-jerk NNVC
It’s time to require companies to hold an adequate amount of cash if possible. Dividends and buybacks come last. The company leadership should be held accountable with lawsuits, criminal charges, and jail if they violate.
Cash bailouts means a stake in the company.
The kleptocracy has to stop.
Was reading about the share buybacks this morning. According to the internet, McDonalds, UAL, Delta, etc. have less than 6 weeks of cash to keep operating.