Coronavirus - Stock Market Crash / Economic Impact

[TheGrinch]

Treasury could have given $1,000/household for 10 weeks to 110,000,000 households = $1.1 trillion ...

one half of the bail out package!!

Instead the richest got most of it.


WTF?

[nzmusclemonster]

Certain people have gone rather quiet on this subject. I wonder why...

[Mr Anabolic]

Treasury could have given $1,000/household for 10 weeks to 110,000,000 households = $1.1 trillion ...

one half of the bail out package!!

Instead the richest got most of it.

WTF?

That's what always happens... rich take the cake and the proles get the crumbs.

[Mr Anabolic]

Certain people have gone rather quiet on this subject. I wonder why...

Drug/alcohol benders.  That's where most of the $1200 checks went. 

Me?... I bought another AK and more ammo.

[loco]

[Mr Anabolic]

The market rally has very little to do with the "funnymentals" of these companies. 

It's ALL about the Fed and their funny money machine. They create money (really just 'currency') from nothing and throw it into the market and bailout whoever they want to.  The Fed now OWNS the market.  They no longer need permission from congress to do what they're doing like they did in 2008. 

As long as the USD continues to be the worlds reserve currency, the US stock market will continue to rise (nominally).  As the USD becomes more worthless over time, it's reign will eventually end, then the Fed will be out of ammo.  That is when the real shit hits the fan.   

I've been saying this for years and I'll say it again... you guys better have some physical PMs (gold and silver) in your possession as insurance, because that's the only physical asset that doesn't have any counter-party risk.  It holds value and protects your purchasing power.

IF... everything goes to hell and we get fucked back to the stone age, ammo will be the new gold.

[Griffith]

The market rally has very little to do with the "funnymentals" of these companies. 

It's ALL about the Fed and their funny money machine. They create money (really just 'currency') from nothing and throw it into the market and bailout whoever they want to.  The Fed now OWNS the market.  They no longer need permission from congress to do what they're doing like they did in 2008. 

As long as the USD continues to be the worlds reserve currency, the US stock market will continue to rise (nominally).  As the USD becomes more worthless over time, it's reign will eventually end, then the Fed will be out of ammo.  That is when the real shit hits the fan.   

I've been saying this for years and I'll say it again... you guys better have some physical PMs (gold and silver) in your possession as insurance, because that's the only physical asset that doesn't have any counter-party risk.  It holds value and protects your purchasing power.

IF... everything goes to hell and we get fucked back to the stone age, ammo will be the new gold.

Unlikely the USD will be replaced as the worlds major reserve currency any time soon though.

USD, Euro, and Yen are still top.

Russia and China have been trying to change this, but have been unsuccessful.

[Mr Anabolic]

Unlikely the USD will be replaced as the worlds major reserve currency any time soon though.

USD, Euro, and Yen are still top.

Russia and China have been trying to change this, but have been unsuccessful.

It won't need to be replaced because it's slowly becoming worthless.  Deflation now, massive hyperinflation later.  Like all fiat currencies, USD is destined to fail: Weimar, Zimbabwe, Argentina, Venezuela, Rome, etc.  Those are just the most known ones, there are 100's more.

Will we be alive to experience this?... probably.  I feel sorry for people who have young children.   Bad times ahead.  It will make today's problems look like nothing.  The Fed should be able to keep things going for a few more years.

[loco]

It won't need to be replaced because it's slowly becoming worthless.  Deflation now, massive hyperinflation later.  Like all fiat currencies, USD is destined to fail: Weimar, Zimbabwe, Argentina, Venezuela, Rome, etc.  Those are just the most known ones, there are 100's more.

Will we be alive to experience this?... probably.  I feel sorry for people who have young children.   Bad times ahead.  It will make today's problems look like nothing.  The Fed should be able to keep things going for a few more years.

Maybe, maybe not.  Who knows?  I did hear/read this same thing between 2009 and 2011.  Similar things were said during and right after the great depression, and when we got off the gold standard, and after the crash in 1987, and after the Dot-Com bust in 2002, etc.

How exactly do you personally invest in gold?  Do you invest in gold ETFs, mining companies, or do you hold physical gold in your basement in a fireproof earthquake proof vault under armed guard? 

[SOMEPARTS]

When/if the "stimulus" checks stop(aka millennial soup lines), you're going to see some real shit.

We have about 25% of the workforce that has filed for unemployment in the last couple months...the question is how many small employers closed shop and won't re-hire? The US consumer is buying about 14% less month over month even with all the fake money going out and all the time in the world to buy stuff. 

[loco]

When/if the "stimulus" checks stop(aka millennial soup lines), you're going to see some real shit.

We have about 25% of the workforce that has filed for unemployment in the last couple months...the question is how many small employers closed shop and won't re-hire? The US consumer is buying about 14% less month over month even with all the fake money going out and all the time in the world to buy stuff.

Like what, for example?

Isn't the stimulus check a one time thing?  It's not a monthly thing, is it?

[El Diablo Blanco]

Unlikely the USD will be replaced as the worlds major reserve currency any time soon though.

USD, Euro, and Yen are still top.

Russia and China have been trying to change this, but have been unsuccessful.

The first Gulf war was predicated on the fact Saddam Hussein wanted to convince the Saudi's to start using the Euro instead of the USD for oil.  He knew this would kill the US economy and wanted to force it.  The USA instead started that BS war to ensure that never happened.

On a side note.  China has been selling all of their goods for cash.  unlike other countries that trade with the USA, China sells for money.  They are estimated to be holding a couple trillion in US currency.  Enough so that if they decided to dump it onto the open market the US dollar would become worthless.  Why the USA will always suck China's tiny cock.

[Mr Anabolic]

Maybe, maybe not.  Who knows?  I did hear/read this same thing between 2009 and 2011.  Similar things were said during and right after the great depression, and when we got off the gold standard, and after the crash in 1987, and after the Dot-Com bust in 2002, etc.

How exactly do you personally invest in gold?  Do you invest in gold ETFs, mining companies, or do you hold physical gold in your basement in a fireproof earthquake proof vault under armed guard?

So your confirmation bias is telling you it won't happen, because hasn't happened... good luck with that over the long term. 

TPTB are going to do anything and everything to keep the system propped up.  I would not be surprised if trillions turn into quadrillions.  It seems like it will go on and on, but there is no way this phony economy and fiat, debt-based financial system can continue indefinitely. 

No paper PM, only physical PM in my possession... several well hidden fireproof safes... home alarm... no earthquakes here... and I am the armed guard.   People who store their PMs in a private vault are going to be in for a rude awakening.  You think some idiot with a gun getting paid $15-20 an hour to stand guard over your PM is going to hang around when the SHTF?  The people at companies like Brinks will be raiding those vaults and taking off, never to be seen again.

[Mr Anabolic]

Like what, for example?

Isn't the stimulus check a one time thing?  It's not a monthly thing, is it?

SOMEPARTS is correct. 

Also, they are contemplating sending out more stimulus checks.  Ever heard of MMT?  That is going to happen in the future...pay people $1000-2000 a month to sit home and do nothing.

[loco]

So your confirmation bias is telling you it won't happen, because hasn't happened... good luck with that over the long term. 

TPTB are going to do anything and everything to keep the system propped up.  I would not be surprised if trillions turn into quadrillions.  It seems like it will go on and on, but there is no way this phony economy and fiat, debt-based financial system can continue indefinitely. 

No paper PM, only physical PM in my possession... several well hidden fireproof safes... home alarm... no earthquakes here... and I am the armed guard.   People who store their PMs in a private vault are going to be in for a rude awakening.  You think some idiot with a gun getting paid $15-20 an hour to stand guard over your PM is going to hang around when the SHTF?  The people at companies like Brinks will be raiding those vaults and taking off, never to be seen again.

Did I say "it won't happen"?

[loco]

SOMEPARTS is correct. 

Also, they are contemplating sending out more stimulus checks.  Ever heard of MMT?  That is going to happen in the future...pay people $1000-2000 a month to sit home and do nothing.

Correct about what?

[Mr Anabolic]

Did I say "it won't happen"?

lol - you just love going back and forth don't you, arguing semantics... just like that blipcoin idiot.

[Mr Anabolic]

Correct about what?

About what he posted.  You have comprehension issues?

[loco]

lol - you just love going back and forth don't you, arguing semantics... just like that blipcoin idiot.

You just love putting words in other people's mouth, or is it a lack of reading comprehension?  Did I say it won't happen? 

[loco]

About what he posted.  You have comprehension issues?

I asked him the following, and he hasn't had a chance to respond yet:

When/if the "stimulus" checks stop(aka millennial soup lines), you're going to see some real shit.

We have about 25% of the workforce that has filed for unemployment in the last couple months...the question is how many small employers closed shop and won't re-hire? The US consumer is buying about 14% less month over month even with all the fake money going out and all the time in the world to buy stuff.

Like what, for example?

Isn't the stimulus check a one time thing?  It's not a monthly thing, is it?

[Mr Anabolic]

I asked him the following, and he hasn't had a chance to respond yet:

Like what, for example?

Isn't the stimulus check a one time thing?  It's not a monthly thing, is it?

You seem fairly intelligent, so just knock it off.   

[Mr Anabolic]

You just love putting words in other people's mouth, or is it a lack of reading comprehension?  Did I say it won't happen?

Don't repeat what I wrote... I asked you first.

"Loco" huh.  That seems more and more appropriate as I read your posts. 

[loco]

You seem fairly intelligent, so just knock it off.

Don't repeat what I wrote... I asked you first.

"Loco" huh.  That seems more and more appropriate as I read your posts.

Bossy, aren't you?  I will do as I please.  You don't have to respond to any of my posts if you please.

[SOMEPARTS]

I asked him the following, and he hasn't had a chance to respond yet:

Like what, for example?

Isn't the stimulus check a one time thing?  It's not a monthly thing, is it?

Well, they are looking to pass additional stimulus and more in the point I could have noted the endless unemployment as well. You can't pay unemployment, stimulus or other "helicopter money" programs clear up until after the election and not see that there are going to be unintended consequences. It's about confidence as well just as in the stock market. We are at nearly 50% of people not paying federal income tax, this sort of thing puts everything more out of whack.

Nancy Pelosi said we need more bailouts for everything...like state and municipal govts...so they don't have to do one of three things - lessen services, lay people off or raise taxes...that's her paraphrased...but anybody with a brain knows that those things are just as likely to happen regardless if there is funny money involved. There is a real effort here to blur all the old numbers and record keeping because we were already at a tipping point fiscally.

I have been doing things the way I think best given what I've seen in the last several years. It seemed overly bearish occasionally but the way things have gone this year I just don't see a quick recovery at the people level. The institutional level is all fake - they can do anything they want...and with the help of congress and the fed - call it anything they want.

[loco]

June 09, 2020

The markets have shrugged off the recession, as the NASDAQ is on track for the quickest recovery from the lows it hit earlier this year. The index closed 1.13% higher at an all-time high of  9924.75 on Monday.

The S&P 500 also recovered all the losses for 2020, closing at 3,232.39, higher by 1.20% for the day.

https://www.benzinga.com/news/20/06/16208538/markets-soar-as-us-economy-ends-its-longest-expansion-in-history-enters-recession