511–520 of 542 posts
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Why won't the fed just pump another $8T into the economy to prop up the assets further?
It could ... But each dollar they add puts the country's solvency at risk. And it's already deeply at risk. But you're not alone thinking this. I'm deeply concerned at how many people think that the Fed can just "manage" this. I feel like I'm watching generational wealth falter and the spoiled children are reacting to the news with, "My dad will just put it on his card."
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The market is reacting to the fact that half of people in the country don't bother wearing masks in the grocery store anymore, and that disneyworld is open. The market thinks everything will turn out okay. My bet is we see deaths and disabilities skyrocket through the end of the year.
> My bet is we see deaths and disabilities skyrocket through the end of the year That'd be a pretty bad bet as far as bets go. Look at the trends that are _not_ affected by increased testing.
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>Hmm, I'm almost convincing myself that even us $ could eventually not last. So, I'll just take one of those job offers on hacker news that says we'll get you a visa to come to Amsterdam? You realize that the world economy is inexorably linked to the US right? If there was such a devastating crash what makes you think the Eurozone would be stable? The UK left the EU and France nearly did, a massive wave of unrest cou…
You say inexoribly linked, but I'm certainly willing to bet by the end of my lifetime the US will not even be in the #2 spot globally. Why can't the USD collapse? Lots of things that were unthinkable 6 months ago are common opinion today.
Not sure this says what you think. Simple GDP growth math has India and China passing the US in a few decades so that's not even controversial. If you are suggesting some major calamity/collapse in the US that somehow doesn't impact the rest of the world, I would find that highly unlikely.
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My guess: the economic problem had an uncertain path to resolution. A pandemic is different. We are waiting for a vaccine; once that is available, it’s game on. I’m not saying this is the truth; however, it is a plausible way to think that investors are viewing the future.
Herd immunity may not work either. Today there's this article about people getting it twice and other viruses have already been known to let you get infected twice. https://www.vox.com/2020/7/12/21321653/getting-covid-19-twic...
On This Week in Virology recently, they said that it would be invaluable to sequence the virus the first time around and the second time around (in patients who recrudesce) to see whether the two infections were caused by the same virus (in genetic terms), or from a new infection by a genetically different virus.
Either way, it's bad if immunity only lasts a few months, for obvious reasons.
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I mean we're not just talking about sketchy payday lenders here, right? You're also saying that Fortune 500 companies that issue bonds are being forced into doing so by whoever's buying those bonds. That's crazy though. There are plenty of reasons that a company might prefer to issue debt instead of selling more equity.
Sketchy or not, they're using the same immoral and parasitic principal to operate. I mentioned in another post how usury is so ingrained in today's financial systems by means of bonds, options, CDs, debt for debt, and so on. It's not trivial to explain in a paragraph or two. By issuing debt, especially when not in dire need, the borrower is enabling others to engage in said parasitic practices.
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The thing europe has is that covid-19 is under far more control. I don't see the us getting over our idiocy against masks and basic health care choices for a year, we'll need a lot more deaths to convince people. and some people will never get over it. A vaccine isn't coming that quickly either.
Agreed but that's also reason for the EU to continue blocking entry to Americans so that doesn't seem likely to change.
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Sketchy or not, they're using the same immoral and parasitic principal to operate. I mentioned in another post how usury is so ingrained in today's financial systems by means of bonds, options, CDs, debt for debt, and so on. It's not trivial to explain in a paragraph or two. By issuing debt, especially when not in dire need, the borrower is enabling others to engage in said parasitic practices.
You have some very peculiar ideas about morality.
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Sketchy or not, they're using the same immoral and parasitic principal to operate. I mentioned in another post how usury is so ingrained in today's financial systems by means of bonds, options, CDs, debt for debt, and so on. It's not trivial to explain in a paragraph or two. By issuing debt, especially when not in dire need, the borrower is enabling others to engage in said parasitic practices.
You have some very peculiar ideas about morality.
Hopefully it made people think about the current corrupt system we live in. They put band aids on the problems they have, without addressing the actual underlying causes, which means that things won't get solved.