jimmythegreek
The opening odds start here
One tweet swings overnight futures 350 points in the wrong direction.
Coronavirus - The economy thread
- Thread starter Valuist
- Start date
mr merlin
EOG Master
well? what was it?
FairWarning
Bells Beer Connoisseur
Lets hope it works out.
BMC health published an epidemiology report noting the social distancing is based on infections with higher than normal casualty rates. The new info we are getting on Corona is that although it is highly contagious there are large numbers of people with little or no symptoms so the mortality rates are way lower than what some experts believed at first.
IWishIWasAPro
EOG Master
Even when you show symptoms it might not even matter or be too late.
I read some teenager out in the suburbs of Illinois wound up not feeling too great for a few days and part of his body went numb on his final day alive. His mother wound up taking him to the doctor and hospital way before his body went numb and was assured it wasnt corona virus. His diagnosis afterwards was he had corona. How do you think this kids family is going to live like the rest of their lives?
We are in danger times.
I read some teenager out in the suburbs of Illinois wound up not feeling too great for a few days and part of his body went numb on his final day alive. His mother wound up taking him to the doctor and hospital way before his body went numb and was assured it wasnt corona virus. His diagnosis afterwards was he had corona. How do you think this kids family is going to live like the rest of their lives?
We are in danger times.
IWishIWasAPro
EOG Master
As days go on I truly believe it was created with intent to destroy America's economy and other countries for that matter while intimidating the flu and things would you go back to normal past election day where Trump would be voted out.
IWishIWasAPro
EOG Master
You need food. You need gas in your car. You need to pay bills such as utilities. You need these things to function and live. You need businesses to open again too but at what cost? If jails and prisons are letting out criminals albeit low level ones, its safe to say this thing is no joke.
mr merlin
EOG Master
If it turns out the virus is far more widespread than thought(apparently 2 test runs of antibody testing have already shown that), then the virus is far less deadly than thought, more on a par with the normal flu.
That means this is a joke.
IWishIWasAPro
EOG Master
But Merlin what do you suggest we do? Let the chips fall as they may and reopen all businesses?
mr merlin
EOG Master
Basically yes, with modifications for a little while. cant you see that our economy is being destroyed? that is far, far more important than a disease possibly as deadly as the normal flu running rampant.
We should know a lot more about the real spread of this thing in another couple weeks, then we'll know what to do.
IWishIWasAPro
EOG Master
I do think we have a better understanding but we still cant pinpoint what exactly is the answer because well, there is none right now.
mr merlin
EOG Master
The media will have a feeding frenzy hyping every positive they have, should be amusing to watch. Georgia should stop all testing for the virus, then they can have no new cases.
mr merlin
EOG Master
We need to stop everything until we restart the economy. doing anything now is just wasted money.
Once it restarts, then stimulus and bailouts matter, and help.
WildBill
2
Why? The big companies have a fortress of cash and don't get affected one bit by the nonsense going on in the futures markets. When the shutting down of wells and supply worldwide fully takes effect, the world will be reopening. After a month or two of absorbing all the excess capacity we see now there will be a shortage of oil developing and the oil companies who aren't just big debt plays like some of these shale producers will make a ton of money. The ones going BK right now and probably more coming are heavily indebted so I don't see the government handing them money just to pay off what are going to be bad loans and the idea of keeping workers on when there isn't demand is like the opposite of their instincts. This industry is all about crazy hiring and then one day layoffs.
WildBill
2
That's what enhanced unemployment is for.
mr merlin
EOG Master
Haven't received mine yet.Your man in the white House is sending it with his name on it
Not for you....the check is for oil company bailout... Write a letter to IRS to get yours
WildBill
2
There is little public sympathy for oil companies and Dems will raise holy hell if there is a strong push for oil company bailouts. No one really wants to give money to them so the C-level gets paid and their bondholders get paid.
Best outcome is they go under, their employees collect $1k a week on unemployment and investment into the oil patch is very limited for years to come. Why take something out of the ground now when its not making money?
Too late trump already bought it.. filled up the tops of storage... congress has nothing to do with it. the workers next. Next to convince china to buy some since they do not have oil they been buying from iran
Becoming the world leader in alternative energy production is what would bring this economy back with a lot of excellent jobs.
Publicly Traded Companies Got $300 Million In Small Business Loans: AP Investigation
Neither the Trump administration nor the lending industry has disclosed a list of Paycheck Protection Program beneficiaries.
Reese Dunklin, Justin Pritchard, Justin Myers and Krysta Fauria
04/21/2020 09:17 AM ET
|
Updated 5 hours ago
Neither the Trump administration nor the lending industry has disclosed a list of Paycheck Protection Program beneficiaries.
Reese Dunklin, Justin Pritchard, Justin Myers and Krysta Fauria
04/21/2020 09:17 AM ET
|
Updated 5 hours ago
FairWarning
Bells Beer Connoisseur
Yes, an absolute joke.Publicly Traded Companies Got $300 Million In Small Business Loans: AP Investigation
Neither the Trump administration nor the lending industry has disclosed a list of Paycheck Protection Program beneficiaries.
Reese Dunklin, Justin Pritchard, Justin Myers and Krysta Fauria
04/21/2020 09:17 AM ET
|
Updated 5 hours ago
It seems to me that the problem with stay at home orders is that not enough people build up immunity....the so called no symptom cases. Now the bureaucrats are telling us we are going to have the same outbreak next flu season. I'm confused.
mr merlin
EOG Master
See, that's the problem, no one said that, the CDC director said it "may" be bad, he has no clue, NONE. All he's doing is covering himself because "well, the spanish flu did 100 years ago", so it could happen again.
Why would it be as bad? the big cities will have a shitload of people who are already immune, while the smaller , more rural areas are still just as spread out as before. All BS.
Fox 5 news tonight stated that Las Vegas Valley Water District reporting water usage down 48 million gallons/day since strip shut down.
IWishIWasAPro
EOG Master
I agree with the beginning stages of the democratic proposal if 2,000 a month for however long until all this shit has passed or we get a firm grip on this thing.
IWishIWasAPro
EOG Master
Whoever pushed that proposal first has a true understanding of whats at play here.
They have to because life as we know it has changed for a long time, not forever but a long time. You think some grandparents or family will go to Disney any time soon? You think even drunks are going to want sit right next to each other at the bar? You think people are going to run out to restaurants to dine in and eat in a confined space? You actually think people will reserve hotel rooms like they did before? I dont give a shit if you're established or not, its not happening soon. Supply and demand, right? How the fuck? You feel my drift. Im not exaggerating on this which means businesses wont need as many workers and the ones they do have will work at a reduced rate most likely.
What the fuck does Vegas think they're going to do? Nobody is going to sit next to anybody at a blackjack table. Nobody is spending mkney to see acts or see anything out there anytime soon.
Everybody on tv just tries to give hope so we all dont turn America into the purge like in that one movie.
They have to because life as we know it has changed for a long time, not forever but a long time. You think some grandparents or family will go to Disney any time soon? You think even drunks are going to want sit right next to each other at the bar? You think people are going to run out to restaurants to dine in and eat in a confined space? You actually think people will reserve hotel rooms like they did before? I dont give a shit if you're established or not, its not happening soon. Supply and demand, right? How the fuck? You feel my drift. Im not exaggerating on this which means businesses wont need as many workers and the ones they do have will work at a reduced rate most likely.
What the fuck does Vegas think they're going to do? Nobody is going to sit next to anybody at a blackjack table. Nobody is spending mkney to see acts or see anything out there anytime soon.
Everybody on tv just tries to give hope so we all dont turn America into the purge like in that one movie.
mr merlin
EOG Master
yes, yes, yes, yes. you're in a dreamworld Wish, people want to and will do all those things. And for those like you, you can stay inside forever.
IWishIWasAPro
EOG Master
I agree with you Merlin we need to get back to business but its not happening any time soon.
The elderly will choose to spend more time inside which effects their families. Their choices on what to do and where to go. You think mothers are going to rent out places for baby showers? Or birthday parties for their kids? Weddings? You really think people are going to book their trips to Vegas and anywhere like they did before? LOL
Youll see.
The elderly will choose to spend more time inside which effects their families. Their choices on what to do and where to go. You think mothers are going to rent out places for baby showers? Or birthday parties for their kids? Weddings? You really think people are going to book their trips to Vegas and anywhere like they did before? LOL
Youll see.
IWishIWasAPro
EOG Master
Watching the draft really fucked me up last night. Goodell and the NFL talking about hope for a third of it while everybody DRAFTS THEIR FUCKING PLAYERS FROM INSIDE THE COMFORTS OF THEIR OWN HOME.
IWishIWasAPro
EOG Master
PLEASE EXPLAIN TO ME HOW THE FUCK WE ARE GOING TO BE ABLE TO WATCH FOOTBALL WHETHER ITS THE NFL OR COLLEGE IN PACKED STADIUMS COME AUGUST SEPTEMBER?
PLEASE INFORM ME.
PLEASE INFORM ME.
IWishIWasAPro
EOG Master
IN ILLINOIS THEY ARE JUST NOW ALLOWING GOLF BUT WITHOUT GOLF CARTS.
I CANT EVEN GO GOLF WITH A GOLF CART IN MAY. HOW THE FUCK ARE WE GOING TO GO WATCH THE BEARS, CUBS, WHITE SOX, BLACKHAWKS ANY TIME SOON?
I CANT EVEN GO GOLF WITH A GOLF CART IN MAY. HOW THE FUCK ARE WE GOING TO GO WATCH THE BEARS, CUBS, WHITE SOX, BLACKHAWKS ANY TIME SOON?