Bad Economic Predictions

For stuff that is general.
User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Thu Mar 12, 2020 2:30 pm

Leisher wrote:Source of the post I was saying the overall market dropping lately has not been all on him.

Maybe it he had taken some proactive steps weeks or months ago, we wouldn't be where we are?
It's not me, it's someone else.

User avatar
Leisher
Site Admin
Posts: 49206
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Postby Leisher » Thu Mar 12, 2020 2:54 pm

TheCatt wrote:Source of the post
Leisher wrote:Source of the post I was saying the overall market dropping lately has not been all on him.

Maybe it he had taken some proactive steps weeks or months ago, we wouldn't be where we are?


That's a nice thought, but ultimately wrong. Barring shutting the borders to everyone and everything, this is spreading no matter what we do. And let's be honest, it doesn't matter who is in the white house, the borders are not being shut down.

And don't get me wrong, his response has been wrong at every turn, but no president would have had the balls to do what needed to be done to stop this thing.

This is why the inevitable zombie virus will end the world.
“I'm proud to introduce our new head coach, Mike Tomlin”
― Dan Snyder

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Thu Mar 12, 2020 3:31 pm

Leisher wrote:Source of the post That's a nice thought, but ultimately wrong. Barring shutting the borders to everyone and everything, this is spreading no matter what we do. And let's be honest, it doesn't matter who is in the white house, the borders are not being shut down.

SHUT IT DOWN. Become Singapore.
It's not me, it's someone else.

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Fri Mar 13, 2020 12:38 pm

Stocks up 5% on news of a potential deal.

Stocks linger, go between 3-4%.

Trump announces he'll speak at 3pm.

Stocks go to 0%. (probably cuz they think it'll just be him talking about how shaking hands is still fine)

Word leaks around noon that he will declare a national emergency

Stocks go up 2%.
It's not me, it's someone else.

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Wed Mar 18, 2020 10:07 am

Markets are down 30%. Bonds are also starting to fall as the markets start to come to grips with how expensive this recovery/stimulus effort will be.

Some people are predicting a 13% drop in current GDP due to quarantines, etc.

Expect some "What price human suffering vs economic collapse" discussions to be more common
It's not me, it's someone else.

User avatar
GORDON
Site Admin
Posts: 48380
Joined: Sun Jun 06, 2004 10:43 pm
Location: DTManistan
Contact:

Bad Economic Predictions

Postby GORDON » Wed Mar 18, 2020 10:08 am

TheCatt wrote:Expect some "What price human suffering vs economic collapse" discussions to be more common


Totally copying me from a week ago.
Fuuuuuuuck YOU.

User avatar
Leisher
Site Admin
Posts: 49206
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Postby Leisher » Wed Mar 18, 2020 2:20 pm

All stock gains under Trump are now gone.

It'll be interesting to see what happens when the restrictions lift and spending resumes.

A lot of rich people are going to get richer.
“I'm proud to introduce our new head coach, Mike Tomlin”
― Dan Snyder

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Wed Mar 18, 2020 2:26 pm

Guess it all depends on how effective 1) the shutdown is and 2) the vaccines/treatments.
It's not me, it's someone else.

User avatar
GORDON
Site Admin
Posts: 48380
Joined: Sun Jun 06, 2004 10:43 pm
Location: DTManistan
Contact:

Bad Economic Predictions

Postby GORDON » Wed Mar 18, 2020 2:30 pm

Was reading the last couple Covid outbreaks had vaccine research prematurely stopped, because the infection ran its course naturally before they were done.
Fuuuuuuuck YOU.

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Wed Mar 18, 2020 2:31 pm

GORDON wrote:Source of the post Was reading the last couple Covid outbreaks had vaccine research prematurely stopped, because the infection ran its course naturally before they were done.

Yep. Granted, who knows how effective they would be for this version... no scientist here.
It's not me, it's someone else.

User avatar
GORDON
Site Admin
Posts: 48380
Joined: Sun Jun 06, 2004 10:43 pm
Location: DTManistan
Contact:

Bad Economic Predictions

Postby GORDON » Wed Mar 18, 2020 2:37 pm

Well.... my money would be "not at all effective." I ASSUME what makes these virus(es) different is, in large part, their protein coats. That's what we get injected with, when we get vaccines... dead virus protein coats. It trains our immune systems to recognize them when we get exposed to the viable ones. So.... my guess is new strain, new vaccine. For the most part.

Now.... slowly look up into the vent, and say, "It's gone airborne."
Fuuuuuuuck YOU.

User avatar
Leisher
Site Admin
Posts: 49206
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Postby Leisher » Thu Mar 19, 2020 11:28 pm

Twitters are a buzz that lots of Congress men and women got briefed on the coronavirus today and then dumped lots of stock prior to making public announcements.

If true...
“I'm proud to introduce our new head coach, Mike Tomlin”
― Dan Snyder

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Fri Mar 20, 2020 8:34 am

Leisher wrote:Source of the post Twitters are a buzz that lots of Congress men and women got briefed on the coronavirus today and then dumped lots of stock prior to making public announcements.

If true...

Fox news identifies 4 Senators. 3 are Republicans, 1 is a Democrat. So it leads with the Democrat, who uses a blind trust. Though it appear her husband may have been the one transacting, unclear.
The report said the transactions involved a significant percentage of the senator’s holdings and took place about a week before the impact of the virus outbreak sent stock prices plunging to the point where gains made during President Trump’s term in office were largely erased.
...
Burr’s office would not comment on what kind of information Burr might have received about coronavirus prior to his stock sales, the outlet reported.

(GA Republican) Loeffler also sold, but appears to have her assets in a blind trust as well. Burr does not, from what I've been reading.

Unclear about Inhofe

As a %age of wealth, Feinstein's transactions were small (~5%), as she is pretty rich (~$60M) Burr's transactions are in the 50-75% range of his wealth.

I'm adding Loeffler to the Feinstein list of it probably being OK. Even tinier %age of her assets.
U.S. Senator Kelly Loeffler of Georgia defended herself overnight, insisting that both she and her husband had no input in the decision to sell somewhere between $1.2 million and $3.1 million in stock shortly before the stock market crash that was caused by fears over covid-19. Loeffler’s husband is Jeffrey Sprecher, a longtime Republican donor and chairman of the New York Stock Exchange and they have a combined net worth of roughly $500 million.
It's not me, it's someone else.

User avatar
Leisher
Site Admin
Posts: 49206
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Postby Leisher » Fri Mar 20, 2020 9:30 am

Death penalty or jail?
“I'm proud to introduce our new head coach, Mike Tomlin”
― Dan Snyder

User avatar
GORDON
Site Admin
Posts: 48380
Joined: Sun Jun 06, 2004 10:43 pm
Location: DTManistan
Contact:

Bad Economic Predictions

Postby GORDON » Fri Mar 20, 2020 9:30 am

We need to start shipping peeps to a penal island, again.
Fuuuuuuuck YOU.

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Fri Mar 20, 2020 9:31 am

Leisher wrote:Source of the post Death penalty or jail?

Forced coronavirus exposure, followed by forced ebola and whatever other diseases we can find.
It's not me, it's someone else.

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Fri Mar 20, 2020 11:14 am



If Omar + Carlson agree, it must be bad.
It's not me, it's someone else.

User avatar
Leisher
Site Admin
Posts: 49206
Joined: Thu May 20, 2004 9:17 pm
Contact:

Bad Economic Predictions

Postby Leisher » Fri Mar 20, 2020 11:46 am

TheCatt wrote:Source of the post If Omar + Carlson agree, it must be bad.


phpBB [media]
“I'm proud to introduce our new head coach, Mike Tomlin”
― Dan Snyder

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Fri Mar 20, 2020 2:26 pm

Private Jet Industry wants a bailout.

Sorry, I ran out of sympathy, already.
It's not me, it's someone else.

User avatar
TheCatt
Site Admin
Posts: 41518
Joined: Thu May 20, 2004 11:15 pm
Location: Cary, NC

Bad Economic Predictions

Postby TheCatt » Fri Mar 20, 2020 2:40 pm

It's not me, it's someone else.


Return to “General Stuff”

Who is online

Users browsing this forum: No registered users and 5 guests