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Doccykins posted:It's currently following Monday's pattern of shock drop everything is doomed at open and has been hovering around -6.5% to -8% since so unless Trump keels over at this presser I'm not sure what kind of event would double the day's losses again I mean there's tomorrow when everyone sells their poo poo to avoid holding it over the weekend to get hosed on monday
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Mar 12, 2020 16:53
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Limerick posted:Who's gonna be our Bear Stearns? Deutsche Bank? who bought back the most stocks using cheap debt?
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Mar 12, 2020 17:54
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C-SPAN Caller posted:Printing lots of money sure helped weimar republic Germany huh helped folks stay warm
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Mar 12, 2020 18:02
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For a trillion dollars and I'll say you're the goddamn messiah
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Mar 12, 2020 18:10
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welp back down it goes guess a trillion only rents faith
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Mar 12, 2020 18:13
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Cletus Van Damme posted:So at 500 billion every American just kicked in about 1500 or so in taxes to try and save the stock market for a few minutes. it's like a tax cut except you have to qualify and it also charges 22% APR
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Mar 12, 2020 18:15
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Mr Hootington posted:Something is failing somewhere. the failure is capitalism's inevitable reduction of all problems into "give banks money to fix it" turns out you can't pay off a fuckin pandemic like Brennus at the gates of Rome.
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Mar 12, 2020 18:20
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TheLemonOfIchabod posted:Back below 22k 
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Mar 12, 2020 18:37
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SKULL.GIF posted:Yes Trillion and a half
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Mar 12, 2020 18:47
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They could have given every single person in this country like 4 grand with that stunt
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Mar 12, 2020 18:48
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oxsnard posted:Stocks would've gone green if that had done it too which is hilarious Oh absolutely, and that's per capita so you'd have the average 2-kid family getting like 17k cash money. loving morons
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Mar 12, 2020 18:53
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Pajser posted:how is this different than money laundering? well it's legally codified, and theoretically the money laundering process isn't really there when you're adding liquidity - sure you're placing the trill and a half into the banking system but it's just purchasing poo poo they're not just throwing money in unilaterally, the banks are layering it out via loans, and their borrowers spend it, but it's usually repaid over such long timeframes that it doesn't provide any benefit. Also it's just repurchasing poorly performing stuff as opposed to a straight payment - they're trading slow money that has to mature for immediately available cash money, there's not much actual movement of value. Usually money laundering through loans requires short term repayment measured in weeks. If you aren't in a hurry you can do it via real estate but most of the hot markets are under geographic targeting orders which make it a little hard to buy property with dirty money unnoticed. That's incidentally why you have been seeing big buildouts of semi-luxury apartments in sort of second-tier large-ish cities that aren't on the ocean coasts - San Antonio, Pensacola, Minneapolis, Omaha etc. They're outside the GTOs but still warm enough to get tenants quickly which makes a return come back quicker.
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Mar 12, 2020 19:03
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miniscule12 posted:Black Monday "Why don't they have a white" tuesday
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Mar 12, 2020 19:27
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kopasetic posted:how is my boy number doing today?? 
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Mar 12, 2020 19:36
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abelwingnut posted:thought it was .5 trillion? .5 trill now, another 1 trill to come in next few days
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Mar 12, 2020 19:53
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TMMadman posted:If the .5 trillion that was used today lasted all of about 20 minutes, what do they think is going to happen to the next 1 trilllion? well yeah that's why we're all howling at this
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Mar 12, 2020 19:57
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  THESE ACHIEVEMENTS SUCK/OWN
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Mar 12, 2020 21:19
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Modest Mao posted:Are we going sub 20k tomorrow Without a doubt unless something even more insane than everything so far happens because it's patently clear shits hitting the fan and donny is just trying to pay off the virus like stormy daniels
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Mar 12, 2020 21:48
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ikanreed posted:There is a bottom because the rich have all the money and they have to put it somewhere. rear end fulla gold
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Mar 12, 2020 22:25
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Good thing they're fleeing to whatever's stable, the next 12 months could see the biggest generational release of wealth since the 1300s if not ever
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Mar 12, 2020 22:27
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Ramrod Hotshot posted:I read the article and still don't really get this. What assets? What is worth $50 trillion here? Treasury bonds You know that "yield curve" everyone was freaking out about earlier this week? Yeah that was plummeting because everyone in the world was rushing to buy them because they're basically the safest investment on the planet - you're basically betting that the US Treasury will repay you, which they're required to do under the constitution. That article is saying there's a chance they aren't that safe. Imagine if the speed of light changed or if the acceleration of gravity changed, what that would do to the foundations of matter itself. That's basically what this is saying, a failure of the world's own savings account.
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Mar 12, 2020 22:41
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Entenzahn posted:does that mean my money is worthless now no not really, it's still more a "huge financial crisis beyond anything in living memory if not all of history" thing than "total erasure of the world as we know it" thing.
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Mar 12, 2020 22:44
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Like your money will be worth less, but not worthless
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Mar 12, 2020 22:45
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Shear Modulus posted:no the $50T is everything whose interest rate is "us bond interest rate +/- x%" fair enough, I saw it mentioning the treasury not having adequate liquidity and assumed it was treasury not being able to service. Still some real poo poo though lol
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Mar 12, 2020 22:58
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Centrist Committee posted:The economy is so much more fragile and financialized than it was 12 years ago too. There is absolutely no redundancy anywhere. Entire industries are going to collapse, credit will dry up, and oh man I can’t even imagine what comes next. That before and after of China’s carbon emissions might be the new global normal by the time this is done. The entire "recovery" post 2008 being a credit bubble fueling an asset bubble why I never
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Mar 12, 2020 23:02
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DEEP STATE PLOT posted:millions of dead boomers and the first substantial cutback on co2 emissions all in one? sign me the gently caress up!
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Mar 12, 2020 23:05
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Unperson_47 posted:why exactly did everyone start getting undercuts in late 2010s anyway videogames and soccer
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Mar 12, 2020 23:06
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En Garde Motherfuckers posted:So what happens next, after the market is mostly done crashing? Banks declaring they're effectively broke? Overvalued tech/gig economy companies shutting down? Another black swan event that makes this whole shitshow crazier, somehow? Post soviet collapse selloff of assets and infrastructure except instead of government assets and infrastructure it's private sector everything after being passed through a few levels of bank failure
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Mar 12, 2020 23:14
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Modest Mao posted:I like that this time the financial crisis was like a bunch of people taking out loans to play poker and when they start losing just take more loans to buy more chips, hey the pot is huge now I'm gunna be rich I can afford another loan with pots these big, and oops now the game is over and you didn't win better luck next time Yeah that never stopped and the bets just got bigger because the casino knew if it stopped floating chips everyone would leave
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Mar 12, 2020 23:16
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oxsnard posted:John Hussman said something like 65% from the peak and he nailed the 80% Nasdaq collapse in 2000 within a few points Oh that's not bad, Dow 11000 or so
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Mar 12, 2020 23:37
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Freaking Crumbum posted:in retrospect it's genuinely surprising trrump didn't appoint jim cramer to some cabinet level position for the fed or something. since trump clearly bases all of his opinions on what the people on tv say anyway yeah he just calls him while he's on air like he did this morning
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Mar 12, 2020 23:48
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I always feel like the overnight number (when it crashes overnight) crashes during euro market hours and the time between us close and eu open is just rubes loving around on robinhood trying to make dumb meme poo poo happen
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Mar 12, 2020 23:59
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Centrist Committee posted:it’s payday loans for corporations Except instead of like 42069% APR it's like 1.25%
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Mar 13, 2020 01:26
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RBC posted:won't it be funny when banks use the 1.5 trillion to short the market it would be funny as hell if Waters and AOC and the finance committee subpoenaed the treasury for records of their equities purchasing activities since 2009
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Mar 13, 2020 01:27
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Ramrod Hotshot posted:Somethin'...weird... It's not weird if you think about it like someone who maxed out their credit card on pyramid scam candles and is suddenly unable to sell any loving candles but still needs to pay the card down
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Mar 13, 2020 04:05
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Agean90 posted:this works what the gently caress
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Mar 13, 2020 04:13
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Carmant posted:It is over %30 down now. All factors are priced in. This must stop by all means. Even if shorts, manipulators and aggressive bears are jailed. ok elon
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Mar 13, 2020 05:00
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Stereotype posted:oh I get it now. everyone just slowly convinces each other that this entirely digital stuff is worth more and more very slowly, so it isn't a shock, and whoops that isn't true at all and none of this poo poo is worth anything lol it's "oh gently caress I maxed out my card and took out a HELOC and these mangosteens are rotting in my kitchen"
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Mar 13, 2020 05:04
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Bar Ran Dun posted:50000 liters is like 50 IBCs or like two 20’ portable tank containers. guessing they're planning on creating a perimeter, malathion is mean poo poo, they used it to gently caress up some bug that was threatening the oranges in FL when I was a kid and they were like "STAY THE gently caress INSIDE UNTIL 7AM"
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Mar 13, 2020 05:33
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Bar Ran Dun posted:it isn’t really a lot. I mean two containers isn’t a lot. I’ve seen more malathion on like a Tuesday. They used one fogger truck probably per neighborhood or two, so yeah that's not a ton for a whole country
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Mar 13, 2020 05:46
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