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Paracaidas posted:Mollie/Federalist having a normal one this morning: This is such a clear case of projection it should be in text books.
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May 6, 2020 15:22
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https://twitter.com/AOC/status/1258037997695635458
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May 6, 2020 15:22
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What are you going to do, arrest me? https://twitter.com/CBSNews/status/1256274755876986884 https://mobile.twitter.com/SaraGonzalesTX/status/1257791119393533953 quote:A Dallas salon owner will spend a week in jail after she was found in contempt of court Tuesday for violating an order to close her salon during the coronavirus pandemic. In addition, Shelley Luther was fined $7,000 for continuing to operate her business, Salon à la Mode, in violation of a judge’s temporary restraining order issued against the business. https://mobile.twitter.com/CBS11Andrea/status/1257809476096266245 Mr Ice Cream Glove fucked around with this message at 15:28 on May 6, 2020 |
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May 6, 2020 15:25
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Time to buy, buy, buy, stocks. Nowhere to go but up
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May 6, 2020 15:25
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i hestitate to offer investment advice but it's my belief that the stock market is just in la-la land and currently believing the propaganda and it's in for a hard crash with reality soon. it may just be, however, there's nowhere else to put your money. not like investing outside the us is safer (pandemic's everywhere); treasury interest rates are basically zero, and investing in corporate bonds right now has a very good chance of default and/or your bond being replaced by stock anyway, so why not just buy some stocks.
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May 6, 2020 15:30
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This is on gofundme pagequote:Shelley Luther is an American Hero that has decided to resist tyranny by opening her business against an unlawful State Executive Order. Her business, SALON A LA MODE offers services for hair and nails, microblading, permanent makeup, professional event makeup, braiding and more! Shelley and her team will likely face legal action, fines, and more during her journey back to freedom. She is doing what everyone else is only talking about, in a patriotic move to take back her liberty! Please support Shelley, and her employees by contributing to this worthy cause. You will not just be supporting Shelley, but you will be supporting the idea that our founders put in writing in the Constitution. 100% of all donations will go directly to Shelley Luther. 
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May 6, 2020 15:32
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evilweasel posted:i hestitate to offer investment advice but it's my belief that the stock market is just in la-la land and currently believing the propaganda and it's in for a hard crash with reality soon. it may just be, however, there's nowhere else to put your money. not like investing outside the us is safer (pandemic's everywhere); treasury interest rates are basically zero, and investing in corporate bonds right now has a very good chance of default and/or your bond being replaced by stock anyway, so why not just buy some stocks. The only investment advice you should ever take from this thread is: "Don't take investment advice from the thread."
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May 6, 2020 15:32
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What does it mean by “destroyed?” As in if the virus miraculously went away today and everyone could go back to normal no problem those jobs would no longer be there?
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May 6, 2020 15:34
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Didn't see this posted anywhere, but let's look at our favorite failson's latest debacle: https://mobile.twitter.com/nickconfessore/status/1257856628285718533 quote:Dr. Jeffrey Hendricks had longtime manufacturing contacts in China and a line on millions of masks from established suppliers. Instead of encountering seasoned FEMA procurement officials, his information was diverted to a team of roughly a dozen young volunteers, recruited by the president’s son-in-law, Jared Kushner, and overseen by a former assistant to Mr. Kushner’s wife, Ivanka Trump. quote:As the federal government’s warehouses were running bare and medical workers improvised their own safety gear, Dr. Hendricks found his offer stalled. Many of the volunteers were told to prioritize tips from political allies and associates of President Trump, tracked on a spreadsheet called “V.I.P. Update,” according to documents and emails obtained by The New York Times. Among them were leads from Republican members of Congress, the Trump youth activist Charlie Kirk and a former “Apprentice” contestant who serves as the campaign chair of Women for Trump. quote:While Vice President Mike Pence dropped by the volunteers’ windowless command center in Washington to cheer them on, they were confused and overwhelmed by their task, the whistle-blower said in interviews. How did the team of volunteers in their 20s, drawn from Google, private equity, and venture capital do? quote:They used personal Gmail accounts, prompting suspicion from some prospective suppliers and brokers who questioned their bona fides quote:But their work was plagued by frequent changes in process, efforts that turned out to be wasted, poor communication and mounting dread about their lack of progress quote:Other potential suppliers contacted FEMA officials after the volunteers departed, asking about lack of follow-up. FEMA officials, who were not provided with complete records on the calls made by the volunteers, were forced to restart vetting some bids quote:officials acknowledged it was difficult to identify specific contracts the volunteers had successfully sourced.
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May 6, 2020 15:35
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Lumpy posted:The only investment advice you should ever take from this thread is: "Don't take investment advice from the thread." yeah. even if i'm right the market is in la-la land, doesn't mean it ever has to stop being in la-la land, going "well the last three months sucked, but a turnaround is just around the corner!"
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May 6, 2020 15:35
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https://mobile.twitter.com/ryanstruyk/status/1258026167547965447
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May 6, 2020 15:35
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Shimrra Jamaane posted:What does it mean by “destroyed?” As in if the virus miraculously went away today and everyone could go back to normal no problem those jobs would no longer be there? it's just a language choice. the data is from a payroll firm, so they're just saying "this many people stopped getting paychecks in april"
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May 6, 2020 15:36
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reminder: kevin hasset is an utter clown, who is in the white house because you get on TV as an economist by putting on a red rubber nose and some big floppy shoes and a rainbow wig, not by knowing anything about economics, but naturally this white house hires off of tv appearances he is the person responsible for "well i don't know poo poo about anything, but let's just use a cubic line-fit in excel as our model rather than listen to these ""experts"", oh hey all coronavirus deaths will end on may 15" that kevin hassett said something gives you precisely zero information, even if it's something bad for the admin
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May 6, 2020 15:38
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evilweasel posted:reminder: kevin hasset is an utter clown, who is in the white house because you get on TV as an economist by putting on a red rubber nose and some big floppy shoes and a rainbow wig, not by knowing anything about economics, but naturally this white house hires off of tv appearances He had also left the WH before the coronavirus started, and was on a lot of cable TV shows talking about how bad things will be, before getting re-hired to the position.
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May 6, 2020 15:42
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evilweasel posted:yeah. even if i'm right the market is in la-la land, doesn't mean it ever has to stop being in la-la land, going "well the last three months sucked, but a turnaround is just around the corner!" The market can remain irrational longer then you or anyone can remain solvent.
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May 6, 2020 15:46
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evilweasel posted:it's just a language choice. the data is from a payroll firm, so they're just saying "this many people stopped getting paychecks in april" Oh ok.
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May 6, 2020 15:46
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Yeah, there's no way to tell how many of those were downsized from companies that continue to exist and could quickly rehire and how many represent companies ceasing to exist entirely. But there are probably more than a few of the latter.
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May 6, 2020 15:48
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https://mobile.twitter.com/juliacarriew/status/1257820061223383040quote:Facebook says it has removed several groups, accounts and pages linked to QAnon, taking action for the first time against the far-right U.S. conspiracy theory circulated among supporters of President Donald Trump.
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May 6, 2020 15:49
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haveblue posted:Yeah, there's no way to tell how many of those were downsized from companies that continue to exist and could quickly rehire and how many represent companies ceasing to exist entirely. But there are probably more than a few of the latter. There is a 3rd option though. Downsizing that won't be re-hired and will just be put on a current employee's workload and never rehired. It's literally what happens every crash
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May 6, 2020 15:50
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https://twitter.com/jdawsey1/status/1258045199495946241 Over 70,000 dead from the Coronavirus, and he's still obsessing over his wall.
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May 6, 2020 15:50
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so this is good news: within two weeks we may have some better data on which of the antibody tests actually work https://www.fda.gov/news-events/fda-voices/insight-fdas-revised-policy-antibody-tests-prioritizing-access-and-accuracy quote:Therefore, the FDA is making an important change to the March 16 policy regarding the FDA review for commercial manufacturers’ serology tests. (there's like two feet of self-justification for why they didn't do this earlier but that's the key part)
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May 6, 2020 15:51
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DaveWoo posted:https://twitter.com/jdawsey1/status/1258045199495946241 I see a red wall and I want it painted black.
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May 6, 2020 15:55
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karthun posted:The market can remain irrational longer then you or anyone can remain solvent. Also there's a strong element of 'I won't say the market is a bubble if you don't' among the people with money in it.
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May 6, 2020 15:56
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evilweasel posted:i hestitate to offer investment advice but it's my belief that the stock market is just in la-la land and currently believing the propaganda and it's in for a hard crash with reality soon. it may just be, however, there's nowhere else to put your money. not like investing outside the us is safer (pandemic's everywhere); treasury interest rates are basically zero, and investing in corporate bonds right now has a very good chance of default and/or your bond being replaced by stock anyway, so why not just buy some stocks. notably real estate and in particular rentals are comically non-options for investment so it's definitely a case of 'what are you going to do, buy a rental building full of people who aren't getting paid and can't be evicted?' And it's not like anyone is shelling out for franchises of any of the common businesses that people with some cash to invest tend to buy, either. Also p sure a lot of wall street thinks they can find a way to profit off of any national misfortune Herstory Begins Now fucked around with this message at 16:05 on May 6, 2020 |
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May 6, 2020 15:57
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evilweasel posted:i hestitate to offer investment advice but it's my belief that the stock market is just in la-la land and currently believing the propaganda and it's in for a hard crash with reality soon. it may just be, however, there's nowhere else to put your money. not like investing outside the us is safer (pandemic's everywhere); treasury interest rates are basically zero, and investing in corporate bonds right now has a very good chance of default and/or your bond being replaced by stock anyway, so why not just buy some stocks. In 2008 many banks did all they could, up to committing blatant fraud, to not allow the value of their toxic assets to drop until they had shored up their positions and were largely insulated from the value drop. Since they were unpunished for what they did, it’s not a huge leap of logic that this would become standard operating procedure in times of crisis. I’m convinced that this is certainly part of why the markets have become entirely divorced from reality, in addition to all the money the fed is injecting into the market. Promoted Pawn fucked around with this message at 16:01 on May 6, 2020 |
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May 6, 2020 15:57
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Shimrra Jamaane posted:I see a red wall and I want it painted black. Nonzero chance he's still trying to get a crocodile moat
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May 6, 2020 15:58
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Data Graham posted:Nonzero chance he's still trying to get a crocodile moat Who was the guy who wanted a somehow self-replenishing tire fire for a wall?
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May 6, 2020 16:00
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evilweasel posted:The senate, assuming trump loses (which is an important assumption, both from the VP tiebreaker and setting a baseline), is currently about a tossup. Do you mean that the median outcome is that Trump loses and the Senate is a tossup? If you're only looking at scenarios where Trump loses, I would expect at least a Democratic lean to the Senate.
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May 6, 2020 16:02
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How can it be transparent if it's black. This is extremely dangerous. Oh they're still using the bars. Phew.
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May 6, 2020 16:02
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evilweasel posted:so this is good news: within two weeks we may have some better data on which of the antibody tests actually work They didn't do it earlier because this admin has no understanding of how to properly work the levers of the regulatory system. They keep the strict rules put in place after Theranos for too long without an emergency exemption for Covid, and now have left those rules suspended for far too long
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May 6, 2020 16:02
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Mr Ice Cream Glove posted:This is on gofundme page https://twitter.com/SaraGonzalesTX/status/1257879430401331200?s=19 The right wing is cynically and opportunistically using the covid-19 crisis to trigger a radicalized violent right-wing uprising in the country against their sociopolitical enemies. They will very likely see significant success in this effort, as the same puppetmasters behind people like Glenn Beck/The Blaze (The Council for National Policy) have deeply infiltrated the federal apparatus during the Trump administration. I I think it's time for at-risk individuals (mostly minorities/the disabled) to have a long hard look at the particulars of their safety situation, make a safety plan of action, and make whatever preparations/take whatever precautions you deem appropriate for your situation. The right wing is psyching itself up across a very broad spectrum and it's got various hatewatch organizations alarmed behind closed doors.
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May 6, 2020 16:02
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Isn't the black paint being used to make it absorb heat to burn anyone who tries to touch it?
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May 6, 2020 16:04
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RBA Starblade posted:Who was the guy who wanted a somehow self-replenishing tire fire for a wall? Wasn't that a Freep post? I think it was less self-replenishing as it was, "dump all the old tires in the country here in a wide path, they'll be hard to cross, get filled with mosquitoes and snakes, and sometimes start burning due to lighting etc." And I guess new dumped tires would make up for the burned ones.
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May 6, 2020 16:04
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Mr Ice Cream Glove posted:This is on gofundme page It is loving insane that the gofundme has almost hit its $250k goal and everyone should look it up and report it for fraud.
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May 6, 2020 16:04
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TVs Ian posted:Wasn't that a Freep post? Was it? I might be confusing that with the other guy who just wanted a bunch of land mines.
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May 6, 2020 16:05
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https://mobile.twitter.com/6abc/status/1258002876196102144quote:DARBY, Pennsylvania -- One man is in custody after police say he disrupted a salute to health care workers and led them on a chase through Delaware County.
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May 6, 2020 16:10
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Promoted Pawn posted:In 2008 many banks did all they could, up to committing blatant fraud, to not allow the value of their toxic assets to drop until they had shored up their positions and were largely insulated from the value drop. Since they were largely unpunished for what they did, it’s not a huge leap of logic that this would become standard operating procedure in times of crisis. I’m convinced that this is certainly part of why the markets have become entirely divorced from reality, in addition to all the money the fed is injecting into the market. you're mixing up two different categories of assets. a stock is a very "liquid" asset: at any time you can find a buyer or a seller for a share of, say, amazon stock. the price is what the market says it is, and if you disagree with the market you can bet against it, but there's an objective value of your stock assets. if a bank says "well, the trading price of my amazon stock is $100 but i think it's really $150" then tough poo poo, the asset is booked as worth $100. what banks (and here, we are talking more "goldman sachs" and less "bank of america") hosed with are non-liquid assets. for example: a home. what is your house actually worth? well, to find out, you'd need to engage in a fairly lengthy, expensive sale process. at the end, after actually selling the house, you have an objective data point - but who's to say you wouldn't have gotten a better offer if you held out another day? and so assets like that, which are not liquid, are very easy to gently caress with: a bank just says "look I think the value is X" and books it as X. what you might also be referencing is how goldman et al refused to adjust the value of credit default swaps on mortgages in favor of the people shorting the market, until after they'd shifted their position. and to be clear, the way those work is whoever is "down" pays the side who is "up" every day/week so as to minimize counterparty risk - if i shorted a tranche of mortgages and they start looking wobbly, and you sold me the CDS, you're supposed to start paying me right now. essentially, you are supposed to pay me what someone else would pay me to take over my position, such that at the end of the day the position has zero intrinsic value. that way, i know you're good for it - and if you're not, you go bust really quickly before i lose much of my gains. but that's still the basic scam as above: a particular CDS on a particular tranche of home loans is a bespoke product. and the sellers of that bespoke product were also setting the market, so they could lie and say "yeah no movement, i don't owe you poo poo" it does not work with stocks. because there's a liquid trading market you can't just declare the price is X - if you want the price to be higher, you gotta spend millions/billions buying up all the stock until it is. and if you actually think the stock is worth a lot less, what you've done is just massively increased your losses.
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May 6, 2020 16:11
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skylined! posted:It is loving insane that the gofundme has almost hit its $250k goal and everyone should look it up and report it for fraud. Now we get to see all the copy cats looking to cash in on that grift, as well.
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May 6, 2020 16:15
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Thinking about starting a gofundme for proudly not wearing a mask while standing on my porch. I wanna get in on this grift.
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May 6, 2020 16:17
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Herewaard posted:There is a 3rd option though. Downsizing that won't be re-hired and will just be put on a current employee's workload and never rehired. It's literally what happens every crash Yeah you can bet that many companies will look at the transition to work from home and just decide to load up remaining employees with essential stuff while subcontracting out anything else at poverty wages. They're already using the shutdown to squeeze more productivity out of people for the "privilege" of working remotely: https://twitter.com/annehelen/status/1257776095325073408?s=19 Just look at what's going on in education and academia right now - schools have to figure out how to bring kids back on campus for the "college experience" but the allure of being able to farm out essentially any course into online learning is going to decimate job security for any educator. NYS is gearing up to let Bill Gates dismantle their school system for parts and replace every teacher with a surface tablet. It's going to be the same as the "recovery" after the last recession except worse because a lot of gig economy work is not coming back either.
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