doctor_fungcool
TB Fanatic
2.3 trillion from fed to support economy..
this morning.
this morning.
ECON FUNG ADVISORY: Jobless Claims 6.6 million
- Thread starter doctor_fungcool
- Start date
doctor_fungcool
TB Fanatic
NoMoreLibs
Kill Commie's, Every Single One Of Them!
We'll see in a few month's.
doctor_fungcool
TB Fanatic
Jim Cramer just said that if businesses don't open in 60 days....a depression will ensue.
NoMoreLibs
Kill Commie's, Every Single One Of Them!
60 days is pushing it i think. Two full months of no bills getting paid is no beuno.
Altura Ct.
Veteran Member
I'm not sure I understand what makes 60 days the magic number? None of this is normal. Cash flow in many sectors has all but stopped. If we 'restart' in 30, 60 or 90 days from now then what? I mean if we can do this and avert an economic calamity why can't we do it all the time? Just reset every year have the government provide us with unlimited cash flow?
Huh??
We are facing collapse.
doctor_fungcool
TB Fanatic
Collapse is a rung down from a depression. During a collapse extreme chaos is the norm.
Heaven help us if we collapse.
doctor_fungcool
TB Fanatic
from zerohedge....
"While not entirely surprising, the scale and suddenness of the collapse on confidence among American consumers is stunning.
The latest data from University of Michigan is a bloodbath...
The preliminary University of Michigan consumer sentiment survey for April fell to 71.0 vs. 89.1 prior month, largest monthly decline on record
Current economic conditions index fell to 72.4 vs. 103.7 last month; 31.3-point drop nearly double prior record decline of 16.6 points set in Oct. 2008
Expectations index fell to 70.0 vs. 79.7 last month"
sleepyeddie
Senior Member
As of this writing, for the last 3 weeks, we have added 16.7 million to the unemployment ranks. The ONLY reason it is that low is because the backlog has caused unemployment websites to crash and phone calls to go unanswered. Lets wait until it gets down to a million a week claims to see where we are really at.
vector7
Dot Collector
Great interview on the market.
View: https://twitter.com/wash_cloth/status/1248290386935795714
Watch Chamath Palihapitiya warn about ‘zombie companies’ and oppose bailouts for billionaires (35min)
View: https://youtu.be/71k10ziAEPs
View: https://twitter.com/wash_cloth/status/1248290386935795714
Watch Chamath Palihapitiya warn about ‘zombie companies’ and oppose bailouts for billionaires (35min)
Bet we end up with an economic reset. By the time they get done with getting all the unemployed their $, they might as well make it a universal basic income and hit the rest button.
After all, we are locked down, can't do anything with the money except spend it on food and shelter and utilities.
And there won't be jobs for all us jobless when this chit ends.
After all, we are locked down, can't do anything with the money except spend it on food and shelter and utilities.
And there won't be jobs for all us jobless when this chit ends.
rev_mike
Contributing Member
At the end of the day there are 150 men......
doctor_fungcool
TB Fanatic
Saw the interview. A revolution in CONUS will bring about an ideology akin to radical socialism.
vector7
Dot Collector
Cooperman responds to Palihapitiya's views on hedge fund bailouts (8:03)