Blood on the street II

[charliebrown]

So, The fed just cut interest rates to zero!!!! We are back to the future with the fed doing everything they can to keep the economy going.

The market will probably drop with this news.

This is not a political thread. It is a thread related to the market and how it is responding to this pandemic. Please for the love of god, country, pussy or whatever it is that you care about. I personally do not give two shits about the puppets we call president of the US today, yesterday or yesteryear.

 

[green2]

Yes. Bad move...like dressing up a cadaver. The dollar wont be worth much. We are headed to a significant depression, one we haven't seen in several decades. This dwarves 2008 and 1987. But like anything else, this will destroy many people but create amazing opportunities for others. I'll choose to look at it as an opportunity both personally and socially. Maybe this will jolt healthcare. If we're lucky our Congress will get covid19 and we can restock with younger wiser less corrupt people.

 

[Tuddles]

I think 0 interest rate is healthy for our economy short time? Any of you an Economist?

 

[charliebrown]

I think 0 interest rate is healthy for our economy short time? Any of you an Economist?

The flow of money is freezing up much like 2008/9. That is not good. The fed is now pushing a wet noodle.

@green2, we have a few weeks to let this thing normalize. if it continues to become worse, and we all close up shop and go into hiding then it could have a longer term impact on everyone.

 

[Alexgood]

I think 0 interest rate is healthy for our economy short time? Any of you an Economist?

The Fed cutting the rate does nothing for the average American...like the 15 chefs out if 30 that where lay off this week at the hotel I work in Manhattan..not too mention the whole banquet department...we normally do million dollar events...now multiple that being done in every hotel in Manhattan..next will be restaurants and businesses...instead of a trillion dollar package to banks for loans...give a higher employment rate..let business delay payment of taxes due each month...but this administration only worries about wall street..with out the little guy wall street collapses

 

[East Lake II]

So, The fed just cut interest rates to zero!!!! We are back to the future with the fed doing everything they can to keep the economy going.

The market will probably drop with this news.

This is not a political thread. It is a thread related to the market and how it is responding to this pandemic. Please for the love of god, country, pussy or whatever it is that you care about. I personally do not give two shits about the puppets we call president of the US today, yesterday or yesteryear.

“The market will probably drop with this news.”

It already tanked, started limit down as soon as the announcement was made.

 

[charliebrown]

The Fed cutting the rate does nothing for the average American...like the 15 chefs out if 30 that where lay off this week at the hotel I work in Manhattan..not too mention the whole banquet department...we normally do million dollar events...now multiple that being done in every hotel in Manhattan..next will be restaurants and businesses...instead of a trillion dollar package to banks for loans...give a higher employment rate..let business delay payment of taxes due each month...but this administration only worries about wall street..with out the little guy wall street collapses

The Fed is completely separate from the Administration. Pick up a book and learn about the government before starting the same stupid ass comments that got the last thread shut down. The moderaters on this site must be banging their heads against the wall with some of the stupidity on this site.

 

[charliebrown]

“The market will probably drop with this news.”

It already tanked, started limit down as soon as the announcement was made.

Yep, The Fed, the regulators, the congress, the admin, the state and local governments are all going to have to get their shit together to get thru this thing smoothly.

The federal government can pump cash into neighborhoods, but if the neighborhoods are run by incompetent local leaders, it will be a rough ride for those given citizens.

If I was in a major metropolitan area, I would definitely consider heading out to a resort area where there are few people and plenty of natural space.

 

[Alexgood]

The Fed is completely separate from the Administration. Pick up a book and learn about the government before starting the same stupid ass comments that got the last thread shut down. The moderaters on this site must be banging their heads against the wall with some of the stupidity on this site.

So you think the administration in power has no influence..I have a bridge to sell you..and what I said was there are other ways to help this Economic and Health Crises...this has be fix from the bottom up ..not top down..we all post opinions.and should be taken with a grain of salt..you can agree or disagree...no need for name calling..we are not in a school yard

 

[Tuddles]

Interesting that 0 interest rate will hurt our economy. Thank you. I am glad I asked on this site. Had I took a first economic 101 test, I would flunk!

 

[green2]

0 interest rate for the fed to loan money to banks. The Fed has no way to raise money..nobody will by treasury right now. They'll print money..thats bad because the dollar becomes devalued. As an average person this won't help you...the bank will still charge you high interest for your mortgage credit student loans etc.

 

[green2]

At any rate dow futures are tanking right now despite measures. Good news is Chinese economy is rebounding.

 

[Alexgood]

So you think the administration in power has no influence..I have a bridge to sell you..and what I said was there are other ways to help this Economic and Health Crises...this has be fix from the bottom up ..not top down..we all post opinions.and should be taken with a grain of salt..you can agree or disagree...no need for name calling..we are not in a school yard

and a lot of my opinions regarding the market have bore out

Interesting that 0 interest rate will hurt our economy. Thank you. I am glad I asked on this site. Had I took a first economic 101 test, I would flunk!

I never said it would hurt the economy...if you are going to quote me ..at least do it correctly..I said it doesn't help the average American...and as evidence of the stock futures being down it apparently is not the answer...again Because this is a Health crisis...I called it two weeks ago that we were headed for a financial crash..and there is more to come..we have yet to see bottom financially and HEATH wise..deep recession is inevitable and if we go the way of Italy..a depression is possible

 

[Tuddles]

Not quoting you. I apologize.

 

[krideynyc]

There's one bright side. Fired off some emails to my bankers to see who comes back with the best offer for a LOE on my paid off house. May be a good idea to have some extra cash reserve at really low rates on hand just in case.

 

[Alexgood]

Not quoting you. I apologize.

No offense taken...I think everyone is edgy..Because this is affecting our mongering, our lifestyle outside ..and our money...

 

[damnedness]

Futures is already down 5%-ish.

 

[Alexgood]

There's one bright side. Fired off some emails to my bankers to see who comes back with the best offer for a LOE on my paid off house. May be a good idea to have some extra cash reserve at really low rates on hand just in case.

Yeah..if this thing goes the way of Italy..which I hope it doesn't...there is going have to be help with mortgages and many other things..last time the government bailout big bank and auto industry...now if need be ..it should the average American also

 

[Srhsrh]

The Fed is completely separate from the Administration. Pick up a book and learn about the government before starting the same stupid ass comments that got the last thread shut down. The moderaters on this site must be banging their heads against the wall with some of the stupidity on this site.

actually, to be fair, the president threatened on friday or saturday to remove the fed chairman and was very critical of his actions. I dont know what part that had in this. I could say what I think, but that would get this thread instantly shut down.

 

[Alexgood]

There's one bright side. Fired off some emails to my bankers to see who comes back with the best offer for a LOE on my paid off house. May be a good idea to have some extra cash reserve at really low rates on hand just in case.

This is only an opinion...if you factor in all the variables...a worldwide pandemic, unstable market..a slow down of goods being produced [China]...a Virus with no vaccine, The USA mishandling of the situation, no idea of the gravity of effect on our health care system, a shut down of major cities , every major industry shut down and lay off..and too many others to mention..gather as much cash as you can..Because everything points to a hard time ahead...better to be safe than sorry