OOTB's Political Thread . ..
- Thread starter BillyL
- Start date
If we go into one? How can that be avoided at this point? I don't know what will happen, except that there will at least be a recession. These guys are wandering around in the dark.
Well, he said he would pick a woman. I'm guessing it's going to be a minority though. Maybe someone like Harris or Abrams.
I'm glad you already know it will definitely happen. I can go ahead and mark it down now.
Abrams would be interesting. I don't think it's either of them, and I hope it's not Harris. Hillary would sink him, I would think.
Okay
Look at the people who are going to lose their jobs and the companies that will go bankrupt. Even Trump has used the word Recession. I think a recession is coming if we get off lucky. The stock markets are dropping like never before. I'm not really reading tea leaves here..
Trending upward: Truck drivers, Doctors, farmers.
Trending downward: Chinamen, celebrities, athletes, politicians.
Trending downward: Chinamen, celebrities, athletes, politicians.
I haven't seen mass layoffs yet. Amazon is so busy, they are going to hire 100k people. I think you'll see a rise in unemployment, but I don't think it's going to be massive. We are at record low numbers, so there is room to give. Recession is measured by GDP, not the market (but it's not dropping like never before). I don't think negative growth is guaranteed at this point.Okay
Look at the people who are going to lose their jobs and the companies that will go bankrupt. Even Trump has used the word Recession. I think a recession is coming if we get off lucky. The stock markets are dropping like never before. I'm not really reading tea leaves here..
I’m sure it will be. But at this point nothing would surprise me. Harris would be an absolutely atrocious pick. That woman is vile.
If we dodge a recession, I will take my punishment. I'll even be relieved. I don't want it for myself or anyone. If we come out of this whole scenario and everyone resumes BAU, that's awesome. I don't think that's going to happen, though. But, I certainly hope it will.
The Chinese are on a lot more people's shit list, after this.
I did see that their newly reported cases were very low now, but how can you believe what they say?
They ought to close down the stock markets for 2 weeks. They're trading like lunatics.
Trump response timeline.
January 22: “We have it totally under control. It’s one person coming in from China. It’s going to be just fine.”
February 2: “We pretty much shut it down coming in from China.”
February 24: “The Coronavirus is very much under control in the USA… Stock Market starting to look very good to me!”
February 25: “CDC and my Administration are doing a GREAT job of handling Coronavirus.”
February 25: “I think that's a problem that’s going to go away… They have studied it. They know very much. In fact, we’re very close to a vaccine.”
February 26: “The 15 (cases in the US) within a couple of days is going to be down to close to zero.”
February 26: “We're going very substantially down, not up.”
February 27: “One day it’s like a miracle, it will disappear.”
February 28: “We're ordering a lot of supplies. We're ordering a lot of, uh, elements that frankly we wouldn't be ordering unless it was something like this. But we're ordering a lot of different elements of medical.”
February 28: “Now the Democrats are politicizing the coronavirus, you know that, right? Coronavirus, they’re politicizing it. We did one of the great jobs. You say, ‘How’s President Trump doing?’ They go, ‘Oh, not good, not good.’ They have no clue. They don’t have any clue. They can’t even count their votes in Iowa.” “They tried the impeachment hoax. That was on a perfect conversation. They tried anything. They tried it over and over. They’d been doing it since you got in. It’s all turning. They lost. It’s all turning. Think of it. Think of it. And this is their new hoax.”
March 2: “You take a solid flu vaccine, you don't think that could have an impact, or much of an impact, on corona?”
March 2: “A lot of things are happening, a lot of very exciting things are happening and they’re happening very rapidly.”
March 4: “If we have thousands or hundreds of thousands of people that get better just by, you know, sitting around and even going to work — some of them go to work, but they get better.”
March 5: “I NEVER said people that are feeling sick should go to work.”
March 5: “The United States… has, as of now, only 129 cases… and 11 deaths. We are working very hard to keep these numbers as low as possible!”
March 6: “I think we’re doing a really good job in this country at keeping it down… a tremendous job at keeping it down.”
March 6: “Anybody right now, and yesterday, anybody that needs a test gets a test. They’re there. And the tests are beautiful…. the tests are all perfect like the letter was perfect. The transcription was perfect. Right? This was not as perfect as that but pretty good.”
March 6: “I like this stuff. I really get it. People are surprised that I understand it… Every one of these doctors said, ‘How do you know so much about this?’ Maybe I have a natural ability. Maybe I should have done that instead of running for president.”
March 6: “I don't need to have the numbers double because of one ship that wasn't our fault.”
March 8: “We have a perfectly coordinated and fine tuned plan at the White House for our attack on CoronaVirus.”
March 9: “This blindsided the world.”
Edit: March 9: "The Fake News Media and their partner, the Democrat Party, is doing everything within its semi-considerable power (it used to be greater!) to inflame the CoronaVirus situation, far beyond what the facts would warrant.”
March 10: "It will go away. Just stay calm. It will go away."
March 13: National Emergency Declaration
March 13: “I don't take responsibility at all”
March 15: "TODAY IS A NATIONAL DAY OF PRAYER. GOD BLESS EVERYONE!"
March 16: "I give myself a 10 out of 10"
March 17: "I've always known this is a real--this is a pandemic. I felt it was a pandemic long before it was called a pandemic."
January 22: “We have it totally under control. It’s one person coming in from China. It’s going to be just fine.”
February 2: “We pretty much shut it down coming in from China.”
February 24: “The Coronavirus is very much under control in the USA… Stock Market starting to look very good to me!”
February 25: “CDC and my Administration are doing a GREAT job of handling Coronavirus.”
February 25: “I think that's a problem that’s going to go away… They have studied it. They know very much. In fact, we’re very close to a vaccine.”
February 26: “The 15 (cases in the US) within a couple of days is going to be down to close to zero.”
February 26: “We're going very substantially down, not up.”
February 27: “One day it’s like a miracle, it will disappear.”
February 28: “We're ordering a lot of supplies. We're ordering a lot of, uh, elements that frankly we wouldn't be ordering unless it was something like this. But we're ordering a lot of different elements of medical.”
February 28: “Now the Democrats are politicizing the coronavirus, you know that, right? Coronavirus, they’re politicizing it. We did one of the great jobs. You say, ‘How’s President Trump doing?’ They go, ‘Oh, not good, not good.’ They have no clue. They don’t have any clue. They can’t even count their votes in Iowa.” “They tried the impeachment hoax. That was on a perfect conversation. They tried anything. They tried it over and over. They’d been doing it since you got in. It’s all turning. They lost. It’s all turning. Think of it. Think of it. And this is their new hoax.”
March 2: “You take a solid flu vaccine, you don't think that could have an impact, or much of an impact, on corona?”
March 2: “A lot of things are happening, a lot of very exciting things are happening and they’re happening very rapidly.”
March 4: “If we have thousands or hundreds of thousands of people that get better just by, you know, sitting around and even going to work — some of them go to work, but they get better.”
March 5: “I NEVER said people that are feeling sick should go to work.”
March 5: “The United States… has, as of now, only 129 cases… and 11 deaths. We are working very hard to keep these numbers as low as possible!”
March 6: “I think we’re doing a really good job in this country at keeping it down… a tremendous job at keeping it down.”
March 6: “Anybody right now, and yesterday, anybody that needs a test gets a test. They’re there. And the tests are beautiful…. the tests are all perfect like the letter was perfect. The transcription was perfect. Right? This was not as perfect as that but pretty good.”
March 6: “I like this stuff. I really get it. People are surprised that I understand it… Every one of these doctors said, ‘How do you know so much about this?’ Maybe I have a natural ability. Maybe I should have done that instead of running for president.”
March 6: “I don't need to have the numbers double because of one ship that wasn't our fault.”
March 8: “We have a perfectly coordinated and fine tuned plan at the White House for our attack on CoronaVirus.”
March 9: “This blindsided the world.”
Edit: March 9: "The Fake News Media and their partner, the Democrat Party, is doing everything within its semi-considerable power (it used to be greater!) to inflame the CoronaVirus situation, far beyond what the facts would warrant.”
March 10: "It will go away. Just stay calm. It will go away."
March 13: National Emergency Declaration
March 13: “I don't take responsibility at all”
March 15: "TODAY IS A NATIONAL DAY OF PRAYER. GOD BLESS EVERYONE!"
March 16: "I give myself a 10 out of 10"
March 17: "I've always known this is a real--this is a pandemic. I felt it was a pandemic long before it was called a pandemic."
There are some out-of-context examples up there... but, that is all CLASSIC Donald! I'm pretty impressed by the lack of "tremendous" in that list! I was listening to one of his press conferences on You Tube (after it was live) and I wish I had set up a "Ding" for every time he said "tremendous" at that one. He would have almost been rendered mute that day, without the "tremendous" additions!
And the worst part is.... a lot of the "they" trading is automated computer programs, set up to auto-trigger trades based on other indices, price movements, etc. Its sort of like an out of control car with the accelerator locked down, with no human behind the wheel......
Yeah... algorithms just pinball-ing around, I guess. I suppose the actual investors want to liquidate? There's uncertainty everywhere. And, unfortunately, the president gauges his performance by the stock market. He's not going to be much help while the markets are "de-risking" through this thing.
This is just semantics but their models do the exact opposite of pinballing around. They use precise algorithms to predict and interpret price signals. There's no randomness. Everything is a precisely calculated prediction.
Investors want to buy. They know that the market will continue to trend upwards in the long run, so if they can buy in a recession, then the long run gains will be larger. Businesses will do the same. If we approve some kind of bailout, the first thing those companies will do is massive stock buybacks while the market is down. There are a few key benefits for them in this situation.
1. It increases the demand for the stock. Its reasonable to assume the price will increase as a response to large scale buybacks.
2. A lot of the buybacks will be from employees who are selling off their positions which they received as part of their compensation. That's how some people build towards their retirement. No doubt there will be a lot of desperate people who need cash to cover their basic expenses if they can't work and don't receive sick leave. So they're pressured to sell at the lower price. So the company reacquires equity at a massive discount and becomes far more valuable overnight.
Yes but the desperate people who have to sell to feed their kids or pay their rent get screwed. Buybacks are a stock manipulation scam. There’s a reason they were illegal for so long.
Please note the extreme emphasis on "I guess" in my comments.
It's interesting to me how it drops by 2000 one day and goes back up by 1100 the next. And, then, back down another 2000, or 1500, or 1600. Just seems like extremely dramatic swings. Unless that's the new norm! It used to be 20 points however long ago, then 200, now it's 2000!
Someone always gets screwed. Should have moved towards fixed income when they reached retirement.
I’m not talking about people at retirement age. I’m talking about people who are still working but won’t be getting paid while their place of work is shut down.
And yes someone always gets screwed. And that someone is always working class. This is another wealth transfer to the wealthy.
Looks like Bernie is going to officially give up soon.
https://www.cnn.com/2020/03/18/politics/bernie-sanders-assess-2020-campaign/index.html
https://www.cnn.com/2020/03/18/politics/bernie-sanders-assess-2020-campaign/index.html
He's basically mathematically eliminated, he's only hurting his own party by staying in at this point.
Wonder if Biden is going to get more aggressive with knocking how Trump handled CV.
"We are talking to our supporters. Anybody who suggests that at this point we are ending the campaign is not telling the truth."
I wish Bernie would stand up for what he believes and run as a third party. He's not a member of the dem party anyway. I just think a Trump/Biden/Sanders debate would be hilarious. As far as what Biden does, I think his team will attempt to hide him as much as possible, so he doesn't pull a Biden.
His wife inherited a house which they sold and then used the money to buy a home that was closer to them so they could actually use it. Kinda strange thing to try and use against him but okay.
I'm not, movers and shaker lifetime pols like bern always a safe excuse to legitimize their dealings. I happen to believe there are no clean politicians. Just wanted to chime in to see if I could get a response, I'll return to my boomer habitat...
I've never heard a candidate say that and then stay in the race. The guy is smart enough to know he lost. It's just a matter of time before he quits.
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