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All platitudes, no details. Fuck the market, we're ostensibly capitalist, and the so called market is a natural phenomenon where failure does down without socialist resurrections. No so for the aristocracy. Just the people. Fuck speculators, we used to hang them.After the 11th worst day in the history of the stock market, media-averting Trump was forced to take the stage yet again to attempt to calm the markets.
The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.
Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...
So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...
Trump floats payroll tax cut, other financial relief amid coronavirus outbreak
Oil prices aren’t much different than stock prices, no?didn't they say yesterday's drop was due to the drop in oil prices?Losing over 2,000 points in one day isn't "skittish." Not after steady overall losses for two weeks.I wouldn’t go that far. The stock market isn’t completely unrelated to the economy but it is prone to skittish behavior like we are seeing. Just because the market tanks does not necessarily mean we are in recession.Pretty much.
I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.
Maybe I’m just really out of the loop but I haven’t really seen any actual economic data to explain such sharp losses.
Which is why I would label it as skittish. They’re operating of fear rather than data.
Actually, we used to let speculators run wild. And still do, for the most part.All platitudes, no details. Fuck the market, we're ostensibly capitalist, and the so called market is a natural phenomenon where failure does down without socialist resurrections. No so for the aristocracy. Just the people. Fuck speculators, we used to hang them.After the 11th worst day in the history of the stock market, media-averting Trump was forced to take the stage yet again to attempt to calm the markets.
The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.
Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...
So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...
Trump floats payroll tax cut, other financial relief amid coronavirus outbreak
I'm not sure exactly what G5000 means but with Russia wanting drastic reductions in oil prices, coupled with a collapse in demand from a world wide economic contraction because of coronavirus tanking consumer buying EVERYWHERE, the Saudis threw in the towel on trying to keep the price up
Wow, did you ever read that wrong. The Saudis are happy with a price cut for a while. They have the means to survive it. Russia not so much and our companies squeezing oil out of shale not so much. If the price goes low enough oil produced from shale is being sold at less than it cost to produce it.
A bit at odds with Pelosi whose initial response is more to reimburse people without paid leave for lost work, feed kids whose schools close and cover out of pocked medical expenses.Trump pitched 0% payroll tax rate for the rest of the year, White House official says
President Donald Trump, in a meeting with Republican lawmakers on Capitol Hill Tuesday, pitched a 0% payroll tax rate that would last through the rest of this year, a White House official told CNBC.
Interesting.
Oil prices aren’t much different than stock prices, no?didn't they say yesterday's drop was due to the drop in oil prices?Losing over 2,000 points in one day isn't "skittish." Not after steady overall losses for two weeks.I wouldn’t go that far. The stock market isn’t completely unrelated to the economy but it is prone to skittish behavior like we are seeing. Just because the market tanks does not necessarily mean we are in recession.
Maybe I’m just really out of the loop but I haven’t really seen any actual economic data to explain such sharp losses.
Which is why I would label it as skittish. They’re operating of fear rather than data.
Not really. Oil is a commodity, and is usually controlled by the commodities market. It's that market that sets the price.
That's why I said yesterday that lower oil prices mean lost jobs.I'm not sure exactly what G5000 means but with Russia wanting drastic reductions in oil prices, coupled with a collapse in demand from a world wide economic contraction because of coronavirus tanking consumer buying EVERYWHERE, the Saudis threw in the towel on trying to keep the price up
Wow, did you ever read that wrong. The Saudis are happy with a price cut for a while. They have the means to survive it. Russia not so much and our companies squeezing oil out of shale not so much. If the price goes low enough oil produced from shale is being sold at less than it cost to produce it.
It can only go so low before the US bows out. Much of our energy comes from private land. When land owners are not making what they want to make, they have the energy producers stop drilling on their land. They tell them no more drilling until the price goes back up.
Trump wants to stave off the recession by using unsustainable economic stimulusFICA taxes add up to about 15 percent of your pay. But half of that is paid by the employer.
Spend 3 hours in the morning from 6 to 9 with republican Joe Kernan He makes me get morning sickness but I love watching the Pre Market but they have guests and commentators with repub leaningsNow if you said MSNBC you'd be right BUT CNBC has more con men than demsEl-Erian: Stock market bottom is not in yet, despite the bounce after Monday's historic declineFrom +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours
That's the attitude of investors. It's like the old saying of financial success, buy low--sell high. People are anxious as hell to get back into the game. This is a good thing.
- The stock market has not reached its bottom yet, even as Wall Street headed higher Tuesday after historic declines, economist Mohamed El-Erian told CNBC.
- “It’s going to be very volatile but around, unfortunately, a downward trend for now,” the chief economic advisor at Allianz said Tuesday.
.
- El-Erian has for weeks warned investors against buying market dips as they’ve been conditioned to do over recent years because it’s worked.
Given the fact that CNBC is one of the many stations hoping to see Trump lose next election, I'll take this with a grain of salt.
Not really, it's six of one and half-dozen of the other. No real difference. Outside of Fox, they are all extensions of the Democrat party and of course, want to see our economy tank if it means that would finish off President Trump.
Good. I hate fracking.Saudis Plan Big Oil Output Hike, Beginning All-Out Price WarI'm not sure exactly what G5000 means but with Russia wanting drastic reductions in oil prices, coupled with a collapse in demand from a world wide economic contraction because of coronavirus tanking consumer buying EVERYWHERE, the Saudis threw in the towel on trying to keep the price up
Wow, did you ever read that wrong. The Saudis are happy with a price cut for a while. They have the means to survive it. Russia not so much and our companies squeezing oil out of shale not so much. If the price goes low enough oil produced from shale is being sold at less than it cost to produce it.
Yep...add to that this...
Shale In Crisis As Oil Prices Collapse | OilPrice.com
For U.S. shale, a disaster lies ahead. The industry has been largely unprofitable to date, but had received several rounds of huge injections of capital in the last decade, most recently following the 2016 downturn. But by last year, investors had begun to sour on unprofitable shale drilling.
Good. I hate fracking.Saudis Plan Big Oil Output Hike, Beginning All-Out Price WarI'm not sure exactly what G5000 means but with Russia wanting drastic reductions in oil prices, coupled with a collapse in demand from a world wide economic contraction because of coronavirus tanking consumer buying EVERYWHERE, the Saudis threw in the towel on trying to keep the price up
Wow, did you ever read that wrong. The Saudis are happy with a price cut for a while. They have the means to survive it. Russia not so much and our companies squeezing oil out of shale not so much. If the price goes low enough oil produced from shale is being sold at less than it cost to produce it.
Yep...add to that this...
Shale In Crisis As Oil Prices Collapse | OilPrice.com
For U.S. shale, a disaster lies ahead. The industry has been largely unprofitable to date, but had received several rounds of huge injections of capital in the last decade, most recently following the 2016 downturn. But by last year, investors had begun to sour on unprofitable shale drilling.
That's why I said yesterday that lower oil prices mean lost jobs.I'm not sure exactly what G5000 means but with Russia wanting drastic reductions in oil prices, coupled with a collapse in demand from a world wide economic contraction because of coronavirus tanking consumer buying EVERYWHERE, the Saudis threw in the towel on trying to keep the price up
Wow, did you ever read that wrong. The Saudis are happy with a price cut for a while. They have the means to survive it. Russia not so much and our companies squeezing oil out of shale not so much. If the price goes low enough oil produced from shale is being sold at less than it cost to produce it.
It can only go so low before the US bows out. Much of our energy comes from private land. When land owners are not making what they want to make, they have the energy producers stop drilling on their land. They tell them no more drilling until the price goes back up.
Though its good for the airlines. Too bad nobody is flying...
You're whining to the choir. Nancy and the dems in the House didn't do anything to help the budget deficit did they?
Its all play money in the District of Criminals. Helicopter Ben on steroids.
I wasn't whining. I was just making sure we're staying honest about it is all. People read this stuff, so to contend the economy was all rainbows and unicorns before some flu is intellectually dishonest.
I don't really do the blue helmets versus red helmets thing, though. They're all on the same team. During that impeachment charade, the dems gave Trump trillions to do everything he wanted. So much for the joke about opposing him. And there wasn't a peep around here about it from anyone until I mentioned it. And it still went ignored. And now Trump has introduced another 4.8 trillion dollar 2021 fiscal budget. The largest in American history. Again, not a peep around here about it until I mentioned it. Again ignored. Where's that money coming from? The Fed gonna open up their checkbook and write a hot check drawn on an account that has nothing in it in order to buy that debt from the banks after the banks go compete to purchase the debt at the next Treasury bond auction? What do you think that's gonna do to the dollar? What's it gonna do to the electorate's savings? Their purchasing power? I'll tell you what it's gonna do. It's gonna keep doing the same thing it's been doing to all of those things over the last 50 years. Destroying it. And last I checked, I'm the only choir singing that song around here. From where I'm standing people seem to avoid reality like the plague. lol.
Again. They're on the same team. Both sides of the party of one are trustees in a failed, socialist monetary policy. Both sides of the party of one have a belief in deficit finance. Both sides of the party of one have a belief in central economic planning by a central bank and a distaste for genuine free markets. Both sides of the party of one have a belief in a welfare/warfare state.
To make this about some flu or oil or dems and republicans is laughable. To repeat yet again, counterfeit money produces a counterfeit economy. A counterfeit economy is bolstered by counterfeit news. All of this leads to a counterfeit society, and America's counterfeit society is heading towards a disaster. The real problem is the Fed itself. The monetary policy itself. It's a complete distortion. But when the chickens come home to roost, and they are as we speak, it will be the natural market itself that decides that fate. Not the Fed. Not the government, no matter what color helmets they're wearing. All they can control is the printing press. And now they're demonstrating that they can't even do that. But this is predictable. Never before in the history of man has a counterfeit fiat system lasted this long. They can't keep propping it up artificially. It's impossible. The market itself will ultimately be the decider. And we're almost there.
I guess some people just don't like gas fumes coming out of their faucets, their water supplies contaminated with a hundred different toxic chemicals or their natural environment despoiled by fracking companies. Go figure..huh?Good. I hate fracking.Saudis Plan Big Oil Output Hike, Beginning All-Out Price WarI'm not sure exactly what G5000 means but with Russia wanting drastic reductions in oil prices, coupled with a collapse in demand from a world wide economic contraction because of coronavirus tanking consumer buying EVERYWHERE, the Saudis threw in the towel on trying to keep the price up
Wow, did you ever read that wrong. The Saudis are happy with a price cut for a while. They have the means to survive it. Russia not so much and our companies squeezing oil out of shale not so much. If the price goes low enough oil produced from shale is being sold at less than it cost to produce it.
Yep...add to that this...
Shale In Crisis As Oil Prices Collapse | OilPrice.com
For U.S. shale, a disaster lies ahead. The industry has been largely unprofitable to date, but had received several rounds of huge injections of capital in the last decade, most recently following the 2016 downturn. But by last year, investors had begun to sour on unprofitable shale drilling.
You hate the thousands of jobs fracking is responsible for? You hate paying lower natural gas, propane and gasoline prices? You hate us reducing our carbon footprint?
Oil prices aren’t much different than stock prices, no?didn't they say yesterday's drop was due to the drop in oil prices?Losing over 2,000 points in one day isn't "skittish." Not after steady overall losses for two weeks.
Maybe I’m just really out of the loop but I haven’t really seen any actual economic data to explain such sharp losses.
Which is why I would label it as skittish. They’re operating of fear rather than data.
Not really. Oil is a commodity, and is usually controlled by the commodities market. It's that market that sets the price.
The commodity markets aren’t that different than stock markets. Both involve a lot of speculation.
After the 11th worst day in the history of the stock market, media-averting Trump was forced to take the stage yet again to attempt to calm the markets.
The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.
Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...
So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...
Trump floats payroll tax cut, other financial relief amid coronavirus outbreak
After the 11th worst day in the history of the stock market, media-averting Trump was forced to take the stage yet again to attempt to calm the markets.
The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.
Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...
So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...
Trump floats payroll tax cut, other financial relief amid coronavirus outbreak
