f7ben Posted March 23, 2020 Share Posted March 23, 2020 Fed just announced open ended asset purchase We are talking trillions and trillions and trillions of dollars. the fed balance sheet will be over 10 trillion within days Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 23, 2020 Platinum Contributing Member Share Posted March 23, 2020 Hey I know what will fix it. Suicide. 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 23, 2020 Author Share Posted March 23, 2020 2 minutes ago, steve from amherst said: Hey I know what will fix it. Suicide. For who? Quote Link to comment Share on other sites More sharing options...
ckf Posted March 23, 2020 Share Posted March 23, 2020 2 minutes ago, f7ben said: For who? EVERYONE!!!!! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 23, 2020 Platinum Contributing Member Share Posted March 23, 2020 1 minute ago, f7ben said: For who? The economy, the taxpayer ect. As they say " suicide is a permanent solution to a temporary problem" One would like to think these ciocksuckers are just overthinking it. but it's quite obvious they just have their hand out want the palm to be filled. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 23, 2020 Author Share Posted March 23, 2020 The fed is calling this “limitless asset purchase” Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 23, 2020 Platinum Contributing Member Share Posted March 23, 2020 Fix the virus problem. 95% of the economic problem will fix itself. Quote Link to comment Share on other sites More sharing options...
1jkw Posted March 23, 2020 Share Posted March 23, 2020 20 minutes ago, steve from amherst said: Fix the virus problem. 95% of the economic problem will fix itself. Would be a great help, but the bubble was going to burst at some point now it has, way over blown stock prices due to buybacks, and too low interest rates. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 23, 2020 Author Share Posted March 23, 2020 I don’t ever want to hear another stupid cocksucker on this forum ask how something is going to be paid for. This is socialism for rich people on a scale never before imagined 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 23, 2020 Platinum Contributing Member Share Posted March 23, 2020 Just now, 1jkw said: Would be a great help, but the bubble was going to burst at some point now it has, way over blown stock prices due to buybacks, and too low interest rates. True, and I don't expect stock prices in 2 months to be where they were 2 months ago. But it is not like 08. When this passes it will not take long for shit to get rolling. Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 23, 2020 Share Posted March 23, 2020 Just now, f7ben said: I don’t ever want to hear another stupid cocksucker on this forum ask how something is going to be paid for. This is socialism for rich people on a scale never before imagined you're wasting your breath. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 23, 2020 Platinum Contributing Member Share Posted March 23, 2020 Just now, f7ben said: I don’t ever want to hear another stupid cocksucker on this forum ask how something is going to be paid for. This is socialism for rich people on a scale never before imagined It is absolutely disgusting. Quote Link to comment Share on other sites More sharing options...
1jkw Posted March 23, 2020 Share Posted March 23, 2020 1 minute ago, steve from amherst said: True, and I don't expect stock prices in 2 months to be where they were 2 months ago. But it is not like 08. When this passes it will not take long for shit to get rolling. I hope you are right, but if this goes on another month I don't think it will, consumer spending was down in Feb. and core inflation was up the main driver in this economy was consumer spending, and it is unlikely people will have more money when this over than they did when it started. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 23, 2020 Author Share Posted March 23, 2020 5 minutes ago, frenchy said: you're wasting your breath. 5 minutes ago, steve from amherst said: It is absolutely disgusting. We won’t hear a word about it here. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 23, 2020 Platinum Contributing Member Share Posted March 23, 2020 Just now, 1jkw said: I hope you are right, but if this goes on another month I don't think it will, consumer spending was down in Feb. and core inflation was up the main driver in this economy was consumer spending, and it is unlikely people will have more money when this over than they did when it started. Many will. Keep in mind many office type jobs have been working from home. Same money coming in , less going out. Many construction companies will have backlogs. Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 23, 2020 Share Posted March 23, 2020 2 minutes ago, 1jkw said: I hope you are right, but if this goes on another month I don't think it will, consumer spending was down in Feb. and core inflation was up the main driver in this economy was consumer spending, and it is unlikely people will have more money when this over than they did when it started. this is going to crush consumer confidence. The majority of households are in debt up to their eyeballs. When this passes those who didn't go bankrupt because of it are going to seriously curtail spending, at least in the short term (24 months) Quote Link to comment Share on other sites More sharing options...
1jkw Posted March 23, 2020 Share Posted March 23, 2020 1 minute ago, steve from amherst said: Many will. Keep in mind many office type jobs have been working from home. Same money coming in , less going out. Many construction companies will have backlogs. And many don't, many small diners will close lots of people will cancel projects too. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 23, 2020 Platinum Contributing Member Share Posted March 23, 2020 Just now, 1jkw said: And many don't, many small diners will close lots of people will cancel projects too. SOme of that depends on the area. Im certainly not expecting a record yr, but I believe things will be fine Quote Link to comment Share on other sites More sharing options...
1jkw Posted March 23, 2020 Share Posted March 23, 2020 1 minute ago, frenchy said: this is going to crush consumer confidence. The majority of households are in debt up to their eyeballs. When this passes those who didn't go bankrupt because of it are going to seriously curtail spending, at least in the short term (24 months) Yes as said spending was down already in Feb, and core inflation was up, I know much of the product in stores now is considerably more expensive now due to the hoarding. Quote Link to comment Share on other sites More sharing options...
1jkw Posted March 23, 2020 Share Posted March 23, 2020 1 minute ago, steve from amherst said: SOme of that depends on the area. Im certainly not expecting a record yr, but I believe things will be fine True but overall I think it's going to hurt lots. Quote Link to comment Share on other sites More sharing options...
Edmo Posted March 23, 2020 Share Posted March 23, 2020 (edited) 8 minutes ago, frenchy said: this is going to crush consumer confidence. The majority of households are in debt up to their eyeballs. When this passes those who didn't go bankrupt because of it are going to seriously curtail spending, at least in the short term (24 months) I cant imagine living like that. You’d think after the last recession we went through people would have got their shit together. You really think it’s a majority of households? Edited March 23, 2020 by Edmo Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 23, 2020 Share Posted March 23, 2020 Just now, Edmo said: I cant imagine living like that. You’d think after the last recession we went trough people would have got their shit together. You really think it’s a majority of households? People did have their shit together for a while. Household debt went down and savings up. But that slowly vanished and yes I do. Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted March 23, 2020 Share Posted March 23, 2020 I thought consumer and government debt were both at all time highs before this hit. Thankfully big government is here to pay for the mistakes of the rich. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 23, 2020 Author Share Posted March 23, 2020 But but but ....how are we gonna pay for this derp? Quote Link to comment Share on other sites More sharing options...
frenchy Posted March 23, 2020 Share Posted March 23, 2020 Quote Link to comment Share on other sites More sharing options...
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