Posted on 03/15/2020 2:12:17 PM PDT by billyboy15
Dow futures down 1041. Trading suspended due to circuit breakers kicking in to prevent crash. Gold and silver both up sharply.
The banks borrow the money at zero percent, then buy stocks. The price of the stocks go up. People sitting on cash het back in the market thinking alls well again. The the correction/crash as is happing now....
How about going to lunch every day at a deli near where I worked. Sorry I didn't take notes for you.
My speculation is the inflation numbers are manipulated. The price of dining out (i.e. a nice evening out) has roughly tripled here in the last 4 years. When I left NorCal a cheap meal was $15 there vs $6 here (Tucson). Now it's about $15 here 3 years later...
Frankly economic statistics are not gospel, and the burden of proof is still on the claim made by the statistic and the responsibility of the claimant.
modern monetary theory...
You forget that food is excluded from inflation formulas.
More stupidity. We need to go back to normal conditions. There is a choice, either die from viruses or die from hunger, or civil war or financial problems. For me, I take the virus route. But get back to work now.
Seems the futures are going down the tubes guess they are not a fan
All just so people can buy Toilet paper?
That's fine. They should have suspended on Friday after it went up 1000 points. If it does retest Thursday's low it will be a good short term buying opportunity like Friday. But the excessive rise on Friday only invited short term profit taking tomorrow (or right now in the futures market).
The only way we can say the market has recovered is after three months (or more) of 100 point up days.
No...your CDs and MM will drop to zero.
The price of a bond rises when interest rates go down.
Do you own a lot of bonds? No? Me neither.
Whoever is behind this mess, needs to be brought to justice
You are going to bring a virus to justice?
- -
Were gonna need a tinier jail cell.
This is a generate crisis that they know is snowballing, we need to make sure we punish those involved, enough is enough!
Yep, Bailout all along. Buying MBSs again folks.
I discount assertions which have no evidence.
The price of a gigabyte of memory — or a gigabyte of wireless data transmission from a mobile device — fell quite a lot between 2008/9 and 2011/12. The price of computing power fell during that period; the price of a large flat-screen TV fell a lot too.
But the price of things that are labor intensive, like making someone a sandwich or doing a brake job, went up quite a bit also.
The things that went down get averaged in with the things that went up. The result is somewhere in between.
I just remember that the price of a sandwich, side order, and drink went from around $5 to around $10 during the Obama administration, at least where I live. It's seared into my memory.
So don't believe me. I'm just reporting what I experienced. Ignore it if you like, doesn't change what happened.
............
Cutting banks reserve percentage to zero is IMO the most problematic move. Bank failures on the horizon....
I’m seeing the Dow Futures down 1041 points.
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