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Dumb Lowtax posted:Here's where all those SBA funds went, that they ran out of Nebraska big winner. New York big loser https://www.bloomberg.com/graphics/2020-sba-paycheck-protection-program/?utm_medium=deeplink
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Apr 17, 2020 04:08
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Dumb Lowtax posted:Here's where all those SBA funds went, that they ran out of just a small $20 million for my small business
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Apr 17, 2020 04:17
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re: Gilead's miracle drug
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Apr 17, 2020 04:21
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tatankatonk posted:re: Gilead's miracle drug Holy gently caress! I'll take the crab juice
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Apr 17, 2020 04:22
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This stonk action is hilarious
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Apr 17, 2020 04:24
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tatankatonk posted:re: Gilead's miracle drug lol the cure being worse than the disease right there
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Apr 17, 2020 04:28
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tatankatonk posted:re: Gilead's miracle drug ianad, but multiple organ dysfunction syndrome sounds like bad thing
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Apr 17, 2020 04:28
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meanolmrcloud posted:ianad, but multiple organ dysfunction syndrome sounds like bad thing yeah MODS is loving awful
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Apr 17, 2020 04:33
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So I just read about a depression vs recession. Since 1854 there has only been one depression: The Great Depression. Meanwhile we haven't hit a second quarter of lower economic performance yet so according to the rules we are not yet in a recession (though we certainly will be in one). Thoughts on if we'll match the Great Depression after this? Keep in mind if we stick to social distancing etc. (Lol) then by this time next year at least some economic activity will return. Technically speaking it would probably be up from Q4 so not a long term depression (which needs to last like 10 years). Thoughts?
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Apr 17, 2020 04:33
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oxsnard posted:This stonk action is hilarious It proves what everyone knows, that reality has nothing to do with the stock market. It is simply a set of algorithms that play out to extract the maximum about of value from the population, any sort of connection to reality is simply a ploy.
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Apr 17, 2020 04:33
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UnknownTarget posted:So I just read about a depression vs recession. Since 1854 there has only been one depression: The Great Depression. Meanwhile we haven't hit a second quarter of lower economic performance yet so according to the rules we are not yet in a recession (though we certainly will be in one). Thoughts on if we'll match the Great Depression after this? Keep in mind if we stick to social distancing etc. (Lol) then by this time next year at least some economic activity will return. Technically speaking it would probably be up from Q4 so not a long term depression (which needs to last like 10 years). Thoughts? I think a Depression is guaranteed. Services make up too much of the economy. Restaurants aren't going to just go back to pre Covid volumes. Same with hotels, cafes, gyms etc. Rehiring employees is another fixed cost, especially if they're fully laid off instead of furloughed. Spending money on services requires confidence that consumers won't have for awhile. That's why we need a massive bottom up stimulus, hopefully a combination of UBI and infrastructure. Government spending goes right to GDP, especially when it's given to those who actually spend the money. Democrats should be pushing for infrastructure. Planning can start now, with lots of the office work, permitting, design etc being able to be done by remote workers. Give Donald his money for the loving wall in exchange for smart grid buildout and light rail in cities
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Apr 17, 2020 04:41
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stonks being disconnected from reality has really sucked the energy out of this thread. i miss the days of BLOOD.
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Apr 17, 2020 04:41
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Gio posted:stonks being disconnected from reality has really sucked the energy out of this thread. i miss the days of BLOOD.
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Apr 17, 2020 04:49
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tatankatonk posted:re: Gilead's miracle drug how is it 'safe but ineffective' if 25% of patients experience those effects?
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Apr 17, 2020 04:50
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Gio posted:stonks being disconnected from reality has really sucked the energy out of this thread. i miss the days of BLOOD. If you want a nerdy reference of the day: to understand the "market" and modern-day America you must first think "hmmm what would the Skaven do?"
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Apr 17, 2020 04:51
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Apr 17, 2020 04:55
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You have to go through Hoover before you get to FDR, just keep that in mind.
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Apr 17, 2020 04:57
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Woof Blitzer posted:You have to go through Hoover before you get to FDR, just keep that in mind. haha... cool...
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Apr 17, 2020 04:58
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Woof Blitzer posted:You have to go through Hoover before you get to FDR, just keep that in mind. So you get a decade of effort before the beatings begin again? I honestly hope we don't get a FDR at this point.
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Apr 17, 2020 05:00
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Woof Blitzer posted:You have to go through Hoover before you get to FDR, just keep that in mind. trump is Harding lol.
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Apr 17, 2020 05:06
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FAUXTON posted:yeah MODS is loving awful
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Apr 17, 2020 05:19
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Flavahbeast posted:how is it 'safe but ineffective' if 25% of patients experience those effects? 25% unemployment and number going up, cure with 25% lethality rate make number go up, you can't explain that
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Apr 17, 2020 05:25
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PawParole posted:trump is Harding lol. heh President Hardon
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Apr 17, 2020 05:28
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markets are the most efficient way to allocate resources
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Apr 17, 2020 05:33
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edit: ok I'm dumb
Ramrod Hotshot fucked around with this message at 05:39 on Apr 17, 2020 |
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Apr 17, 2020 05:36
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Ramrod Hotshot posted:is this PBF? Uh it says so in the upper left hand corner.
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Apr 17, 2020 05:39
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https://www.youtube.com/watch?v=ZeQMxy-Uf3M
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Apr 17, 2020 05:54
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tatankatonk posted:re: Gilead's miracle drug yeah i've been saying it's poo poo for several months and anyone expecting this to be the miracle cure is lol there's a reason that china and taiwan stopped trialing it early on and it's because it's both ineffective and led to organ failure and GI bleeding. there's also a reason gilead has been eeriely silent on it overall, like they're not stupid they know they could be juicing their stock big time if they kept leaking articles and getting it up on fox news for big wet daddy to go ALL AMERICAN-MADE GILEAD HAS CURE! WILL COME SOON! ITS OVER FOR THE CHINESE FLU but they even that would be stupid because they know it's not working and actively harmful
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Apr 17, 2020 06:04
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Remember when you could walk around in public? Good times
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Apr 17, 2020 06:20
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oxsnard posted:Democrats should be pushing for infrastructure. Planning can start now, with lots of the office work, permitting, design etc being able to be done by remote workers. Give Donald his money for the loving wall in exchange for smart grid buildout and light rail in cities Why would they? The Democrats do not want that. They've never wanted that. You'll get the wall funding and nothing else, at best, if the party gets their way. They should have already made as much clear multiple times
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Apr 17, 2020 06:22
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UnknownTarget posted:So I just read about a depression vs recession. Since 1854 there has only been one depression: The Great Depression.
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Apr 17, 2020 06:40
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lol tuchman must die so markets can live
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Apr 17, 2020 06:43
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Cup Runneth Over posted:Remember when you could walk around in public? Good times this is the opposite of that pokemon go summer
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Apr 17, 2020 06:44
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i fired all of the analysts at CUM because all of our equity strategies are doing better with them all sick/dead of covid. i had the idiots in IT use the machine that generates my passwords generate random strings of 1-5 letters and now we just buy whatever comes up. are returns are up 1100% this year
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Apr 17, 2020 06:48
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lol the peak unemployment was estimated at 14% during that period. we're going to blow right past that
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Apr 17, 2020 06:54
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UnknownTarget posted:So I just read about a depression vs recession. Since 1854 there has only been one depression: The Great Depression. Meanwhile we haven't hit a second quarter of lower economic performance yet so according to the rules we are not yet in a recession (though we certainly will be in one). Thoughts on if we'll match the Great Depression after this? Keep in mind if we stick to social distancing etc. (Lol) then by this time next year at least some economic activity will return. Technically speaking it would probably be up from Q4 so not a long term depression (which needs to last like 10 years). Thoughts? I’m p sure the long depression of 1873 to 1896 was a depression
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Apr 17, 2020 06:57
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Shipon posted:lol the peak unemployment was estimated at 14% during that period. we're going to blow right past that The good news is that if MMT is correct, this depression will likely be fairly short as they will just keep on printing money. If we get the sort of hyperinflation predicted by austrian types, it's the end of society as we know it (lol) Once they start printing money and things don't immediately go to poo poo, I'd like to think people start realizing that socialism is not only possible, but in fact ideal
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Apr 17, 2020 06:57
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oxsnard posted:The good news is that if MMT is correct, this depression will likely be fairly short as they will just keep on printing money. If we get the sort of hyperinflation predicted by austrian types, it's the end of society as we know it (lol) In all honesty, I doubt even with the printing going on that enough will tickle down to the population itself, look at how SBA loans worked out. Also inflation is more of a currency/trade issue than really a issue of monetary policy, all the "lessons" of the 1970s were generally made up.
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Apr 17, 2020 07:11
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Tunicate posted:this is the opposite of that pokemon go summer good  it isPokémon Stay in your homes
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Apr 17, 2020 07:21
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the fed hasn't lent one cent to "main street" yet, they were still taking comments until today and could cancel the program completely (but going ahead with something small and inadequate would save face)
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Apr 17, 2020 08:15
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