Recession? Not in the U.S.

[ClydeR]

It's depressing that you didn't have any original thoughts while I was gone. You're just posting about the same subjects I raised months ago before summer break. So sad. Well, you can stop clinging to my shadow, because I'm back! Let's get to work.

The first order of business is this ridiculous notion that the United States might be headed toward a recession. As President Trump said, the rest of the world is in a recession but not us. Recessions in Germany and China may be our fault, but they aren't our problem. The President's job is to put America First.


https://pbs.twimg.com/media/ECV88VVUcAIOhCx?format=png&name=small

The chairman of the Federal Reserve better be careful. You know what happened to everybody else Trump started complaining about on Twitter. If the chairman of the Fed doesn't cut interest rates, Trump will fire him! Not that we need a rate cut, since we're not having an economic downturn.

That yield curve thing inverted again today. Not important.

[Parkbandit]

It's depressing that you didn't have any original thoughts while I was gone.

1) You haven't had an original thought since you started posting here in 2007.
2) No one with an IQ over 50 missed you while you were gone.
3) Fuck off Fallen.

[Neveragain]

It's depressing that you didn't have any original thoughts while I was gone. You're just posting about the same subjects I raised months ago before summer break. So sad. Well, you can stop clinging to my shadow, because I'm back! Let's get to work.

The first order of business is this ridiculous notion that the United States might be headed toward a recession. As President Trump said, the rest of the world is in a recession but not us. Recessions in Germany and China may be our fault, but they aren't our problem. The President's job is to put America First.


https://pbs.twimg.com/media/ECV88VVUcAIOhCx?format=png&name=small

The chairman of the Federal Reserve better be careful. You know what happened to everybody else Trump started complaining about on Twitter. If the chairman of the Fed doesn't cut interest rates, Trump will fire him! Not that we need a rate cut, since we're not having an economic downturn.

That yield curve thing inverted again today. Not important.

I for one am happy to see you back. Personally I try to be as honest with my political calls as possible and tonight I'm changing my position some on the 2020 election results. I should add that this does not in any way reflect how I would vote.

In my decision making I use different forms of gauges to formulate my findings. I think there's a very good chance that the Democrats will win if and only if they run these candidates Tulsi Gabbard or Bernie Sanders. Tulsi would be a for sure win simply because of her military background and the way she presents herself, Bernie would be a very expensive campaign for the Democrats (which is ironic).

A couple questions still remain for me though. Those being, are we going to see a Republican candidate run against Trump? and will we see a "surprise" Democrat candidate enter the race in October or early November?

I'm not seeing a recession though, the job market is way to strong for that, gasoline is pretty cheap and has been really stable. We are still a couple years out from a recession. This thing with china will be over before the harvest.

[Alfster]

The only thing I disagree with you on is the issue with china. It's not nearly over - and our farmers are fucked. They're done buying agriculture products and that business isn't coming back.

And Tuesday Trump went so far as talking about helping out one of our most profitable companies, which I assume means bailing out....apple.

[Neveragain]

The only thing I disagree with you on is the issue with china. It's not nearly over - and our farmers are fucked. They're done buying agriculture products and that business isn't coming back.

And Tuesday Trump went so far as talking about helping out one of our most profitable companies, which I assume means bailing out....apple.

Like I said, China will be buying American soybeans come harvest time.

[Parkbandit]

The only thing I disagree with you on is the issue with china. It's not nearly over - and our farmers are fucked. They're done buying agriculture products and that business isn't coming back.

Last time I heard that "that business isn't coming back" was the Obama administration talking about manufacturing jobs.

And that didn't age very well...

[Alfster]

Solid point. Still done see the Chinese caving in this, as they've already made long term plans that do not include soybeans from us.

Maybe they'll pull something out, but the odds are low.

[Parkbandit]

Solid point. Still done see the Chinese caving in this, as they've already made long term plans that do not include soybeans from us.

Maybe they'll pull something out, but the odds are low.

Yet, they keep coming back to the table.

I, for one, am glad we finally have a President who's not afraid of negotiating our way out of shitty deals.

[Whirlin]

Just as an FYI,
China's pig crop has been decimated this year due to outbreaks in swine flu, exacerbated as a result of their factory style farming conditions leading to a more widespread pandemic among their livestock. It's estimated that about 70-80% of the pigs were lost this year. This is difficult to find too much public news on, since China is fairly closed lip about it. But if you google specifically for that, you'll find a trove of information.
So... why does this matter?
Due to China's population, they import a lot of soybeans... as feed... for pigs. No Pigs, no Soybeans. It is NOT a result of Trump's actions, it's a result of plague and unsanitary conditions making it worse.
It's actually a fairly big, global problem, China has a fairly established soybean infrastructure for processing soybeans that is effectively lost due to the pig plague, and given the precarious nature of farming finances, it's unknown whether or not a recovery is possible, feasible, and definitely not looking likely. If we consider other sources of protein, we've already begun to see price increases for poultry.

https://www.freshmynews.com/2019/02/20/china-faces-challenges-in-containing-swine-flu-infection/
https://www.cfr.org/blog/outbreak-african-swine-flu-china-one-many
https://www.vox.com/2019/6/6/18655460/china-african-swine-fever-pig-ebola

Trump's soybean tarriffs will not destroy US farmers. China's shitty factory farming conditions did it all on their own. Soybean tariffs really shouldn't be a factor anymore.

[Alfster]

Yet, they keep coming back to the table.

I, for one, am glad we finally have a President who's not afraid of negotiating our way out of shitty deals.

Just wish he could close a deal.

Seriously though - I don't pretend to understand what it takes to close a deal like this, it's the lack of a contingency plan that frustrates me. I'm all for getting better trade deals, but when we have no one else lined up to purchase it, we end up bailing them out for a product we all don't need. Isnt the platform against socialism?

[Parkbandit]

Just wish he could close a deal.

Close this deal you mean. He's closed plenty of deals including making NATO members to pay their fair shares, New NAFTA deal (whatever it's called now), deal with EU to import more US exports, etc...


Seriously though - I don't pretend to understand what it takes to close a deal like this, it's the lack of a contingency plan that frustrates me. I'm all for getting better trade deals, but when we have no one else lined up to purchase it, we end up bailing them out for a product we all don't need. Isnt the platform against socialism?

I don't either to be fair.. I just know that for decades, we were on the losing end of most deals for whatever reasons.. and now we're making smarter decisions.

[Methais]

1) You haven't had an original thought since you started posting here in 2007.
2) No one even noticed you were gone.
3) Fuck off Fallen.

Fixed. And correct.

[ClydeR]

Trump ordered US companies to close their operations in China. Also, we're going to check very carefully every package from China from now on for drugs.

Trump said he would have a major announcement about China today. We're just waiting on that.



President Trump's trade war with China boiled over Friday as Beijing slapped retaliatory tariffs on America and the president declared he's ordering U.S. companies to prepare to leave the country and relocate back home -- prompting pushback from corporate America.

"Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing ... your companies HOME and making your products in the USA," Trump tweeted in a blistering set of statements Friday morning. The president went on to call on companies to “search for & refuse” shipments of the opioid painkiller fentanyl from China

More... (https://www.foxnews.com/politics/trade-war-explodes-as-trump-clashes-with-us-firms-over-order-to-abandon-china-block-fentanyl-shipments)


“As usual, the Fed did NOTHING!” Trump tweeted, initially misspelling Powell’s last name before changing it. “My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?”

[Suppa Hobbit Mage]

It was probably the additional tariffs he just announced.

[Ardwen]

I didn't realize the president could order private companies to do things..... Oh wait he can't.

[~Rocktar~]

So yeah, there are a couple of laws and acts out there that allow then to do just that. Sorry, Democrats have given a lot of power to the office over the years when they had people in it.

OH, and in case you missed it, looks like China may have blinked since their economy is sinking faster than the DNCs hopes for 2020.


President Donald Trump's latest trade war escalation against China appears to have had an immediate effect on Asian markets and the Chinese Yuan, sending both tumbling early on Monday morning.

"China's yuan currency fell to 7.1487 to the dollar, its weakest level since early 2008 at the height of the global financial crisis," AFP reported. "On equity markets, Hong Kong led losses, slumping more than three percent, with investors also spooked by fresh violent protests in the city that saw police use water cannon for the first time. Shanghai lost 1.3 percent and Tokyo ended the morning more than two percent off."

Chinese Vice Premier Liu He indicated early on Monday that the communist nation was willing to negotiate with the U.S. to prevent the trade war from escalating.

Reuters reported that "Liu, China’s top trade negotiator, was speaking at a tech conference in Chongqing in southwest China" when he made the remarks.

On Friday, the U.S. imposed a new round of sanctions against China after China imposed additional tariffs on the U.S.

In a statement on Friday, the Office of the United States Trade Representative announced:


Today, China announced it will impose unjustified tariffs targeting U.S. products. In response to China’s decision, and in order to achieve the objectives of the China Section 301 investigation, President Trump has instructed the United States Trade Representative (USTR) to increase by 5% the tariffs on approximately $550 billion worth of Chinese imports. For the 25% tariffs on approximately $250 billion worth of Chinese imports, USTR will begin the process of increasing the tariff rate to 30%, effective October 1 following a notice and comment period. For the 10% tariffs on approximately $300 billion worth of Chinese imports that the President announced earlier this month, the tariffs will now be 15%, effective on the already scheduled dates for tariff increases on these imports.

https://www.dailywire.com/news/51032/breaking-trump-tariffs-tank-asian-equities-chinese-ryan-saavedra

bold added for emphasis

[ClydeR]

Today we had more good news that the lamestream media is trying to portray as bad news.

First, the economy added jobs, but somehow that's a bad thing.


WASHINGTON (MarketWatch) - The U.S. created a lackluster 130,000 new jobs in August, adding to evidence that hiring has slowed sharply in 2019.

More... (https://www.marketwatch.com/story/us-adds-130000-jobs-in-august-unemployment-flat-at-37-2019-09-06)



Second, China's economy is suffering. Certain People are claiming that's bad for the U.S.


China’s People’s Bank of China (PBOC) announced Friday that it was reducing the amount of funds that banks have to hold in reserve in an effort to further stimulate its economy.

More... (https://www.cnbc.com/2019/09/06/pboc-china-central-bank-cuts-reserve-requirement-ratio.html)


China said in July its gross domestic product (GDP) growth had slowed to 6.2% in the second quarter — the weakest rate in at least 27 years. The figure was in line with expectations in a Reuters poll, but lower than the 6.4% year-on-year growth in the first quarter of 2019.

Chinese growth has been challenged by its protected trade conflict with the U.S. Beijing and Washington have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business sentiment across the globe.

[Methais]

I'm a huge Gaylord.

This is correct.

[ClydeR]

Trump echoes my post in a tweet..





https://pbs.twimg.com/media/EDyeJPeUUAE216v?format=png&name=small

[ClydeR]

Trump even did a separate tweet about China, just like I made a second point about China's economy..





https://pbs.twimg.com/media/EDynoqdVUAE-HIV?format=png&name=small





Trump always correctly capitalizes Patriot Farmers on Twitter..



https://i.imgur.com/HBBY4fc.png

[Methais]

Shut the fuck up Fallen.

[Parkbandit]

Shut the fuck up Fallen.

100% this. Every time you post, you remind us all what kind of sensitive little pussy you are because you can't have an intelligent conversation.

[Methais]

I bet ClydeR/Fallen plays Fortnite.

[Archigeek]

I feel sorry for the farmers. They're seriously taking it on the chin. Really it's just the commodity crop farmers. Specially crop farmers are doing ok. The subsidies fall well short of break even with reduced crop prices.

Trump really threw them under the bus when he eliminated the ethanol mandate. Personally I always thought growing corn for fuel made about zero sense, but talk about shitty timing.

[Parkbandit]

I bet ClydeR/Fallen plays Fortnite.

And he plays it very badly.

[Methais]

And he plays it very badly.

He sucks at Tetris too.

ClydeR playing Tetris:

https://www.youtube.com/watch?v=CbZ_O5Y9pgg

[ClydeR]

A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war.

The U.S. manufacturing purchasing managers’ index from the Institute for Supply Management came in at 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. Any figure below 50% signals a contraction.

More... (https://www.cnbc.com/2019/10/01/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.html)


“Purchasing managers are telling stock market investors to get out,” Chris Rupkey, chief financial economist at MUFG Union Bank, said in a note. “Run. Run for your life. Get out while you can. The outlook is darkening and the thunder is growing louder by the day.”






https://www.youtube.com/watch?v=04xOsNW7zTA
https://www.youtube.com/watch?v=04xOsNW7zTA

[Suppa Hobbit Mage]

This hasn't aged well at all.

[Suppa Hobbit Mage]

I feel sorry for the farmers. They're seriously taking it on the chin. Really it's just the commodity crop farmers. Specially crop farmers are doing ok. The subsidies fall well short of break even with reduced crop prices.

Trump really threw them under the bus when he eliminated the ethanol mandate. Personally I always thought growing corn for fuel made about zero sense, but talk about shitty timing.

https://image.cnbcfm.com/api/v1/image/106338468-157911408512820200115_phase_one_trade_commitments_ china.png?v=1579114109&w=678&h=381

https://image.cnbcfm.com/api/v1/image/106338602-157911869833320200115_chinas_promised_purchases.pn g?v=1579118707&w=678&h=381

https://www.cnbc.com/2020/01/15/heres-what-china-agreed-to-buy-from-the-us-in-the-phase-one-trade-deal.html

[Methais]

https://i.imgur.com/KnK3Upt.jpg

[Tgo01]

Hey look, the trade deal with China also has China agreeing to purchase even more oil and gas from the US, you know the main export of Russia that keeps that entire country's economy running?

Is even one Democrat going to admit that Trump isn't Putin's stooge? Just one?

[Back]

Hey look, the trade deal with China also has China agreeing to purchase even more oil and gas from the US, you know the main export of Russia that keeps that entire country's economy running?

Is even one Democrat going to admit that Trump isn't Putin's stooge? Just one?

What I want to know is why is everyone so hot to jump on the China trade deal when they are rounding up Muslims for "reeducation"?

[Tgo01]

What I want to know is why is everyone so hot to jump on the China trade deal when they are rounding up Muslims for "reeducation"?

Democrats: Trump gonna put so many people out of work for his stupid trade wars!
Democrats after Trump secures trade deal with China: Why is Trump trading with China when they treat Muslims so badly!

Pick a lane already.

[Suppa Hobbit Mage]

He can't. He's offended by literally everything.

[Ashlander]

He can't. He's offended by literally everything.

Except for muslims killing gay people. They just have different values from us and we shouldn't judge them by it.

[Methais]

What I want to know is why democrats are defending Iran when they throw gay people off of buildings for being gay.

Ah yes, I often wonder this too.

[Suppa Hobbit Mage]

DJIA is up 165. YEAH BOIIII.

[Parkbandit]

What I want to know is why is everyone so hot to jump on the China trade deal when they are rounding up Muslims for "reeducation"?

Hahahahaahaha... jesus christ you have the intellectually capacity of a sock puppet.

[Methais]

Hahahahaahaha... jesus christ you have the intellectually capacity of a sock puppet.

I'll have you know that when I was in preschool they did a puppet show one day, and I had a much more coherent conversation with those puppets than any conversation BacKKKlash has ever participated in in his entire life.

[ClydeR]

The only reason the stock market is tanking is because Trump is out of the country, which of course makes people jittery. It has nothing to do with deeply inverted yield curves, declining domestic manufacturing, teetering European economies or deadly pandemics. Nevertheless, you should buy some surgical masks, just in case you get a chance to resell them, because soon they won't be available for less than $50 each.

[Neveragain]

The only reason the stock market is tanking is because Trump is out of the country, which of course makes people jittery. It has nothing to do with deeply inverted yield curves, declining domestic manufacturing, teetering European economies or deadly pandemics. Nevertheless, you should buy some surgical masks, just in case you get a chance to resell them, because soon they won't be available for less than $50 each.

Or investors are hedging their bets against a Sanders presidency.

[Methais]

The only reason the stock market is tanking is because Trump is out of the country, which of course makes people jittery. It has nothing to do with deeply inverted yield curves, declining domestic manufacturing, teetering European economies or deadly pandemics. Nevertheless, you should buy some surgical masks, just in case you get a chance to resell them, because soon they won't be available for less than $50 each.

You’re a huge gay tard.

[~Rocktar~]

Pick a lane already.

He did, it's the slow lane.

[Suppa Hobbit Mage]

Somehow the libtards blame a pandemic on Trump. I'm calling it right now

[DoctorUnne]

Regardless of who's to blame it's a pretty big problem for Trump. Coronavirus outbreak is probably the single biggest risk to Trump's re-election because it could both get more people on board Bernie's healthcare plan insanity and sink the economy for a period of time. And the latter is looking increasingly likely.

[Gelston]

Regardless of who's to blame it's a pretty big problem for Trump. Coronavirus outbreak is probably the single biggest risk to Trump's re-election because it could both get more people on board Bernie's healthcare plan insanity and sink the economy for a period of time. And the latter is looking increasingly likely.

Are you accusing China of introducing Novel Coronavirus to support their Manchurian candidate, Bernie Sanders?

[Suppa Hobbit Mage]

I heard on some lamestream media today that this is Trump's Katrina (or Haiti, or Benghazi, I forget which outlandish example it was). The sky is falling people. RUN FOR THE HILLS.

[Parkbandit]

I heard on some lamestream media today that this is Trump's Katrina (or Haiti, or Benghazi, I forget which outlandish example it was). The sky is falling people. RUN FOR THE HILLS.

They aren't wrong.

They blamed Katrina on Bush.. why not blame Coronavirus on Trump?

[Methais]

They aren't wrong.

They blamed Katrina on Bush.. why not blame Coronavirus on Trump?

Didn't Trump already get blamed for at least one hurricane too? Probably more and I'm just forgetting the others.

[Gelston]

Didn't Trump already get blamed for at least one hurricane too? Probably more and I'm just forgetting the others.

No, that was Keller saying how he was happy that mostly red states are hit by hurricanes.

[Methais]

No, that was Keller saying how he was happy that mostly red states are hit by hurricanes.

I'm pretty sure Hurricane Harvey was Trump's fault, as well as that other hurricane that pwned Puerto Rico or DR or whatever the deal was.

Mainstream Media Scream: Hurricane Harvey was Trump's fault (https://www.washingtonexaminer.com/mainstream-media-scream-hurricane-harvey-was-trumps-fault)

https://mediadc.brightspotcdn.com/dims4/default/ec301c9/2147483647/strip/true/crop/5065x2681+0+0/resize/5065x2681!/quality/90/?url=https%3A%2F%2Fmediadc.brightspotcdn.com%2Fb8% 2Fc5%2F333aea03df6c482ecce018dfddd3%2Fb6145d04bfe2 6e6cc218c6f149948011.jpg

Excerpt:
On MSNBC Monday, Times reporter Yamiche Alcindor discussed her story where she wrote, for example, that the "unleashing of the fossil energy sector that Mr. Trump has championed could have repercussions more immediate than the global climate. In Houston, predominantly African-American neighborhoods like Sunnyside and Pleasantville have been dealing with pollution from the energy sector for years."

[ClydeR]

Trump established at the coronavirus press conference on Wednesday evening that the selloff in stocks on Tuesday and Wednesday was mainly due to the Democrat debate on Tuesday night.


Donald Trump: (42:38)
I think the financial markets are very upset when they look at the Democrat candidates standing on that stage making fools out of themselves and they say, “If we ever have a president like this,” and there’s always a possibility, it’s an election, who knows what happens, right? I think we’re going to win. I think we are going to win by a lot. But when they look at the statements made by the people standing behind those podiums, I think that has a huge effect, yeah.

Speaker 19: (43:03)
You don’t think the selloff had to do with the Coronavirus?

Donald Trump: (43:03)
I think it did. I think it did, but I think you can add quite a bit of selloff to what they’re seeing because they’re seeing the potential. Again, I think we’re going to win. I feel very confident of it. We’ve done everything and much more than I said we were going to do. You look at what we’ve done, what we’ve done is incredible with the tax cuts and regulation cuts and rebuilding our military, taking care of our vets and getting them choice and accountability.

More... (https://www.rev.com/blog/transcripts/donald-trump-coronavirus-press-conference-transcript-trump-and-cdc-give-coronavirus-updates)

[DoctorUnne]

He's not totally wrong. Bernie would be a disaster for the market if the Dems also take the Senate. But prob more to do with the virus since the Bernie risk has been known for a while.

[Seran]

There hasn't been a 10% drop in the stock market because Bernie is leading in delegates. The markets are legitimately frightened by confirmed non-sourced virus infections in the United States leading to a massive drop ik productivity and consumer confidence.

The good news is the speculation once proven incorrect should likely be reversed.

[ClydeR]

In an article published in the NYT, Austan Goolsbee says that a widepread outbreak of the coronavirus in the USA could cause greater economic impact than a widespread outbreak in China..


Advanced economies like the United States are hardly immune to these effects. To the contrary, a broad outbreak of the disease in them could be even worse for their economies than in China. That is because face-to-face service industries - the kind of businesses that go into a tailspin when fearful people withdraw from one another - tend to dominate economies in high-income countries more than they do in China. If people stay home from school, stop traveling and don't go to sporting events, the gym or the dentist, the economic consequence would be worse.

More... (https://www.nytimes.com/2020/03/06/business/coronavirus-economy-us-china.html)

If you're looking for an excuse not to go to the gym, you can thank Mr. Goolsbee.

[DoctorUnne]

Yeah but it's a lot easier to work from home at Google than it is in a coal plant or sweat shop

[Methais]

Yeah but it's a lot easier to work from home at Google than it is in a coal plant or sweat shop

There’s always gold farming.

[ClydeR]

Right now, both the Dow and the S&P 500 are perilously close -- less than 20 points -- of being lower than the day Trump took office. Probably, the media won't make a big deal about it if they fall below that opening point.

[Gelston]

Right now, both the Dow and the S&P 500 are perilously close -- less than 20 points -- of being lower than the day Trump took office. Probably, the media won't make a big deal about it if they fall below that opening point.

shut up retard

[ClydeR]

Right now, both the Dow and the S&P 500 are perilously close -- less than 20 points -- of being lower than the day Trump took office. Probably, the media won't make a big deal about it if they fall below that opening point.


It's amazing how many people my posts reach. Within 90 minutes after I posted the above, several articles were published making the same point.

[Gelston]

It's amazing how many people my posts reach. Within 90 minutes after I posted the above, several articles were published making the same point.

shut up retard

[ClydeR]

https://i.imgur.com/6HrPmOj.png
https://twitter.com/realDonaldTrump/status/1209262137182445569

[Tgo01]

Who would have thought Clyder/Fallen would be the type of person to root for the Chinese Virus?

[Methais]

It's amazing how many people my posts reach. Within 90 minutes after I posted the above, several articles were published making the same point.

At this point you’re even more retarded than Backlash.

Good job ClydeRetard.

[ClydeR]

Trump is keeping employment high and unemployment low!


The Trump administration asked states to abstain from releasing unemployment-claims figures prior to the publication of a national compilation of weekly U.S. jobless claims, according to a state labor department official.

More... (https://www.morningstar.com/news/dow-jones/2020032074/trump-administration-ask-states-to-keep-quiet-about-jobless-figures)

[Gelston]

Trump is keeping employment high and unemployment low!

shut up loser

[Parkbandit]

Trump is keeping employment high and unemployment low!

You sad, little sensitive snowflake.

Go lick some doorknobs in Italy.

[Methais]

Trump is keeping employment high and unemployment low!

When are you going to realize what a dumbass you are, Fallen?

Fucking loser. :lol:

[Tgo01]

I've never seen someone so giddy over people losing their jobs because of a deadly outbreak of a virus that originated in China.

[Methais]

I've never seen someone so giddy over people losing their jobs because of a deadly outbreak of a virus that originated in China.

FallenR is a giant unshaven dreadlocked herpes vagina.

[Fortybox]

I've never seen someone so giddy over people losing their jobs because of a deadly outbreak of a virus that originated in China.

Democrats are happy about this as it gives them a chance to win this election. This "pandemic" will go down in history as being a big nothing burger. Unfortunately it is being politicized.

Also highly likely in the coming months that we will find out China actually had nefarious purposes associated with this. I don't believe this was manufactured but they essentially let it spread to cause all of this.

[Suppa Hobbit Mage]

Democrats are happy about this as it gives them a chance to win this election. This "pandemic" will go down in history as being a big nothing burger. Unfortunately it is being politicized.

Also highly likely in the coming months that we will find out China actually had nefarious purposes associated with this. I don't believe this was manufactured but they essentially let it spread to cause all of this.

My nothing burger has affected me to the tune of 250K

[Seran]

Definitely not "nothing" as it's killed the sale of my rental property and according to forecasts, likely to seriously diminish resale values in the area.

[Voldemort]

My nothing burger has affected me to the tune of 250K

How the fug you lose 250,000 dollars from a virus?

[~Rocktar~]

How the fug you lose 250,000 dollars from a virus?

Just a wild guess here, stocks, bonds, equities, futures, investment instruments like that?

[Astray]

Just a wild guess here, stocks, bonds, equities, futures, investment instruments like that?

Stocks.

[Suppa Hobbit Mage]

How the fug you lose 250,000 dollars from a virus?

I have about 1M in investments, markets are down 30ish percent.

[Suppa Hobbit Mage]

Had.

[Methais]

How the fug you lose 250,000 dollars from a virus?

Look what a giant retard you are.

One day when you’re doing more than flipping burgers and being a gay porn fluffer, you’ll understand.

[Parkbandit]

My nothing burger has affected me to the tune of 250K

It hasn't really affected (effected?) you though since you aren't touching that money for another 20 years or so.

By that time, it will have probably quadrupled at the very least.

[Suppa Hobbit Mage]

It hasn't really affected (effected?) you though since you aren't touching that money for another 20 years or so.

By that time, it will have probably quadrupled at the very least.

For sure the truth, but looking at my accounts it sure looks like it's gone :) I still have the shares though, and I'm very confident it'll be back in a year or so.

[Neveragain]

For sure the truth, but looking at my accounts it sure looks like it's gone :) I still have the shares though, and I'm very confident it'll be back in a year or so.

You have any guess at a bottom?

I'm guessing the market loses another 15% next week.

[Suppa Hobbit Mage]

You have any guess at a bottom?

I'm guessing the market loses another 15% next week.

Well, I put literally all my cash into the market on Wednesday when I thought it was there... so no, no guess here :x

[~Rocktar~]

Well, I put literally all my cash into the market on Wednesday when I thought it was there... so no, no guess here :x

Be patient, historical data suggests that in under 3 years you will be making out just fine.

[Keller]

Be patient, historical data suggests that in under 3 years you will be making out just fine.

The last historical data point we have for anything similar to what we're going through was more than a century ago.

[Neveragain]

Well, I put literally all my cash into the market on Wednesday when I thought it was there... so no, no guess here :x

Probably not a bad move to be honest.

[~Rocktar~]

The last historical data point we have for anything similar to what we're going through was more than a century ago.

Historically, even through the Great Depression the market recovers and typically increases in a few years.

[BriarFox]

It's possible the government bailout and the quantitative easing will calm investors, but it's not looking like it. S&P broke through a really important support line at 2350 on Friday, and if it stays below that it's looking like it could fall another 20% or so.

[time4fun]

It's possible the government bailout and the quantitative easing will calm investors, but it's not looking like it. S&P broke through a really important support line at 2350 on Friday, and if it stays below that it's looking like it could fall another 20% or so.

Yeah it's not looking good.

But, if nothing else, this is a good reminder that the stock market =/= the economy. Ironically the strength of the stock market has been a sign of a key underlying weakness of the US economy, given how much of it was powered by stock buybacks. Otherwise known as the answer to the question- "Why have wages been so stagnant the last few decades?".

Unfortunately, the overall economy isn't likely to bounce back as quickly as the stock market will.

[Voldemort]

"Past performance is no guarantee of future results."

I don’t know shit about anything but I do read the above statement everywhere on those shitty investment brochures that clog up my mailbox.

[Suppa Hobbit Mage]

Yeah it's not looking good.

But, if nothing else, this is a good reminder that the stock market =/= the economy. Ironically the strength of the stock market has been a sign of a key underlying weakness of the US economy, given how much of it was powered by stock buybacks. Otherwise known as the answer to the question- "Why have wages been so stagnant the last few decades?".

Unfortunately, the overall economy isn't likely to bounce back as quickly as the stock market will.

FUCK OFF COMMUNIST. No one likes you.

[Methais]

I don’t know shit about anything

This is correct.

[Parkbandit]

I don’t know shit about anything

We know.

If there is ONE thing all your alts have proven over the years.. it's this fact.

[Parkbandit]

Yeah it's not looking good.

But, if nothing else, this is a good reminder that the stock market =/= the economy. Ironically the strength of the stock market has been a sign of a key underlying weakness of the US economy, given how much of it was powered by stock buybacks. Otherwise known as the answer to the question- "Why have wages been so stagnant the last few decades?".

Unfortunately, the overall economy isn't likely to bounce back as quickly as the stock market will.

Without your keen prognostications, this place wouldn't be as entertaining. Sure most of them have been dead wrong, but that is what makes them so fucking entertaining!

Don't leave us again.. especially with the 2020 election coming up.

[ClydeR]

I'm glad I don't live in Europe.


German Chancellor Angela Merkel warned her fellow leaders that the European Union is facing its deepest recession since World War II and that will lead to very, very difficult times indeed, according to officials familiar with her comments.

More... (https://www.bloomberg.com/news/articles/2020-06-19/merkel-tells-leaders-eu-facing-very-very-difficult-times)

[ClydeR]

This post is brought to you by the letter V.


Analysts following the coronavirus pandemic have frequently turned to the alphabet when describing how they see the US economy bouncing back from a likely recession.

More... (https://www.businessinsider.com/recession-recovery-coronavirus-alphabet-letter-shape-project-economic-when-analysts-2020-3)

From best to worst, the letters are V, U, W, L and I.

V is what everybody wants. The pandemic stops being a problem and we quickly return to where we were before it started.

U is sort of like V, except we don't return as quickly.

A W, if you think about it, is really two Vs stuck together. In a W recovery, we have a second downturn cause by a second wave of coronavirus infections. People are starting get worried about a W possibility.

L is recession with no visible end.

And I is just sad. In an I economic outlook, we fall very far.

The article did not mention combinations of letters. I personally think VU is the most likely outcome. Economically, that's worse than a W but certainly better than an L. Politically and psychologically, either VU or W is bad news.

[ClydeR]

From best to worst, the letters are V, U, W, L and I.

V is what everybody wants. The pandemic stops being a problem and we quickly return to where we were before it started.

U is sort of like V, except we don't return as quickly.

A W, if you think about it, is really two Vs stuck together. In a W recovery, we have a second downturn cause by a second wave of coronavirus infections. People are starting get worried about a W possibility.

L is recession with no visible end.

And I is just sad. In an I economic outlook, we fall very far.

The article did not mention combinations of letters. I personally think VU is the most likely outcome. Economically, that's worse than a W but certainly better than an L. Politically and psychologically, either VU or W is bad news.




Another letter. This time it's K.


Evidence of a "K-shaped recovery" — in which some Americans' fortunes rise while others fall — is already visible, Peter Atwater, an adjunct economics lecturer at William & Mary, tells Axios.

More... (https://www.axios.com/newsletters/axios-markets-9993d54f-ebfa-4b0d-8d7b-111597dbfe3e.html)

[Suppa Hobbit Mage]

K? Like in the KKK? Damn man, you are racist.

[Suppa Hobbit Mage]

K? Like in the KKK? Damn man, you are racist.

[ClydeR]

Trump continues to erase Obama.

During his tenure in office, Trump has rescinded and repealed every Obama legacy he could manage. Trans-Pacific Partnership, transgenders in the military, Cuba policy, Paris climate treaty, employer provided birth control and many others that you can read about here (https://www.bustle.com/p/what-did-obama-pass-trump-overturn-its-a-lot-5506775).

With yesterday's announcement of 2d quarter GDP, Trump also reversed economic gains for the last eleven years, including all of the Obama administration..


The spectacular crash was brought on by widespread stay-at-home orders forcing businesses to close their doors and economic activity to all but grind to a halt. That reversed an 11-year expansion, the longest period of economic growth in U.S. history. It also marks the classic definition of the recession — two consecutive quarters of declining growth. (The U.S. economy shrank 5 percent in Q1.)

And when we say that the second quarter was the worst on record, it’s beaten the competition by a wide margin. In 2008’s fourth quarter — the Great Recession’s peak — the gross domestic product (GDP) only lost 8.4 percent or roughly a quarter of what it gave up this time around.

More... (https://www.pymnts.com/economy/2020/big-us-gdp-crash-reverses-economic-growth-of-last-11-years/)

That was a very long time to go without a recession.

[Parkbandit]

TRUMP CAUSED THE COVID-19 PANDEMIC!

You aren't even trying anymore Fallen.

[ClydeR]

Trump continues to erase Obama.




https://pbs.twimg.com/media/EeS5YjaXsAEbuIl?format=png&name=small



Trump confirmed today that Obama is still on his mind.

[Bhaalizmo]

https://pbs.twimg.com/media/EeS5YjaXsAEbuIl?format=png&name=small



Trump confirmed today that Obama is still on his mind.

He can't seem to loosen his grip on that black man's scrote.

[Parkbandit]

He can't seem to loosen his grip on that black man's scrote.

It always come back to your core beliefs and desires...

[Suppa Hobbit Mage]

It always come back to your core beliefs and desires...

I'm pretty sure, after posts degrading women for 3700+ times, that is his mantra.

[Bhaalizmo]

I'm pretty sure, after posts degrading women for 3700+ times, that is his mantra.

Waaaaa.

Waa waa waaaaaaaaaa

[Methais]

He can't seem to loosen his grip on that black man's scrote.

Obama is white.

[Methais]

I'm pretty sure, after posts degrading women for 3700+ times and spending thousands of hours fapping to his own posts because girls won't talk to him in real life, that is his mantra.

This is correct.