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If you are sitting home out of work, I’m sure there are more than a few hospitals in New York that would pay you for your services right now.
If you are sitting home out of work, I’m sure there are more than a few hospitals in New York that would pay you for your services right now.
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deleted126335
Once we reach an S and P 500 of 3200 and my allocation goes back to 70/30 where do I put that 30%? CDs? Gold? Bitcoin? The options are limited and pay almost nothing.
Coronavirus hyperinflation risk looms, buy gold: Peter Schiff
Gold will benefit from the Fed's open-ended asset purchases and the government's massive stimulus plan, Peter Schiff says.www.foxbusiness.com
Gold is a bet on hyperinflation and the U.S. Dollar being worth a lot less. The currency itself has no value but reflects the value of the fiat currency using to buy it.
Why hold Tbills, TIPs, CDs?
Because of last week. Because of what happens in every crisis. Because we don’t know how long these disruptions last. Because they are a store of value when you reach a rebalancing point (note that last week high quality munis and corporates took quite a haircut) bought the ten year tips reopening last week. Wish that I had bought more. Spreads have been widening for them. Might want to check Ibonds.
Sent from my iPhone using SDN mobile
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deleted126335
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You're right, unlimited QE. Literally impossible to predict the nominal value when fake money is cranked out like water. Some very wise people have said for quite a number of years now that zero rates and QE are a fairly permanent feature of our propped up economy until it collapses. They have been absolutely correct.
No. Good time to be an AMC employee. We are sitting home and getting paid. But I don’t see how that can last....
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deleted171991
Also, good time to quit on hospitals that don't provide proper PPE for anesthesiologists and intensivists, especially if one is in the 50+ age group and has enough to retire on. Patriotism is one thing, suicidality is something else. One doesn't go to war with a stick.
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Depends on what your contract says... but yeah, AMC’s will bleed a bit while sustaininng salaries.
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deleted171991
'It's a two-way street': Trump suggests federal coronavirus aid will be given to governors who 'treat us well'
"It's a two-way street," President Donald Trump said about his discussions with governors about providing their states with federal aid.
"It's a two-way street," Trump said of his discussions with governors about providing their states with federal aid.
"They have to treat us well also. They can't say, 'Oh gee, we should get this, we should get that.' We're doing a great job."
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deleted126335
Just speculating, but It is possible that AMCs assume no risk on some contracts. They get a guarantee from the hospital against which they put collections in return for a guaranteed availability of service.
Sent from my iPhone using SDN mobile
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deleted171991
They would lose MUCH more than 2-3 months of salaries if they fired people, and then had to recruit them again. It's not like people are standing in line to work for them.
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deleted171991
13 Deaths in a Day: An ‘Apocalyptic’ Coronavirus Surge at an N.Y.C. Hospital (Published 2020)
Hospitals in the city are facing the kind of harrowing increases in cases that overwhelmed health care systems in China and Italy.
Remember Italy?
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deleted171991
Exclusive: U.S. slashed CDC staff inside China prior to coronavirus outbreak
The Trump administration cut staff by more than two-thirds at a key U.S. public health agency operating inside China, as part of a larger rollback of U.S.-funded health and science experts on the ground there leading up to the coronavirus outbreak, Reuters has learned.
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deleted171991
Democrats Are Handing Donald Trump The Keys To The Country
The Senate coronavirus bill is shocking.
"The emergency coronavirus legislation that the Senate agreed to on Tuesday can only be described as an outrage. It is not an economic rescue package, but a sentence of unprecedented economic inequality and corporate control over our politics that will resonate for a generation.
It represents a transfer of wealth and power to the super rich from the rest of us, with the support of both political parties ― a damning statement about the condition of American democracy.
Final text of the bill has not been released, but according to a legislative draft, the new law would establish a $4.5 trillion corporate bailout fund overseen by Treasury Secretary Steve Mnuchin, with few substantive constraints. Some outlets are reporting this as a $500 billion fund, but $425 billion of that can be leveraged 10 times over by the Federal Reserve, resulting in a multi-trillion-dollar program.
The bill permits bailed out companies to lay off up to 10% of their workforce over the next six months, with no restrictions thereafter. Mnuchin would have authority to waive any upside for the public in its new investments, and the bill’s restrictions on stock buybacks at bailed-out firms are too temporary to be significant. Bailed out companies could even pay dividends to their shareholders.
Bailout money will flow to the shareholders of large corporations, otherwise known as rich people. The oversight terms that Democrats secured are purely cosmetic, replicating the toothless provisions of the 2008 bank bailout that enabled watchdogs to report abuse but not actually prevent or rectify it."
THIS IS WHY THE STOCK MARKET WENT UP.
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deleted59964
The system is designed by the rich - so the rich get richer, and the poor get poorer.
Revolutions are rare, because the system snuffs them out.
the death toll (world wide if not in the USA) - will be significantly increased by famine and violence.
I’m going to stop posting for a while ... it’s like watching a train wreck in slow motion that you knew was going to happen
good luck all
Revolutions are rare, because the system snuffs them out.
the death toll (world wide if not in the USA) - will be significantly increased by famine and violence.
I’m going to stop posting for a while ... it’s like watching a train wreck in slow motion that you knew was going to happen
good luck all
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I don't know what to believe, but if this is close to accurate it will set public health back a century. No one will ever trust them again for crashing the economy, similar to a pre-Katrina effect where people stopped listening to hurricane warnings because of so many false alarms... until they actually should have listened.
www.wsj.com
Opinion | Is the Coronavirus as Deadly as They Say?
Current estimates about the Covid-19 fatality rate may be too high by orders of magnitude.
www.wsj.com
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Anytime you see the government spending at these insane levels only the naive will think it's a good idea. You should have been able to know a large object would be inserted in your hind parts when you hear Republican President Trump speak of what a great idea it is to send 25 million to the Kennedy Center.Democrats Are Handing Donald Trump The Keys To The Country
The Senate coronavirus bill is shocking.www.huffpost.com
"The emergency coronavirus legislation that the Senate agreed to on Tuesday can only be described as an outrage. It is not an economic rescue package, but a sentence of unprecedented economic inequality and corporate control over our politics that will resonate for a generation.
It represents a transfer of wealth and power to the super rich from the rest of us, with the support of both political parties ― a damning statement about the condition of American democracy.
Final text of the bill has not been released, but according to a legislative draft, the new law would establish a $4.5 trillion corporate bailout fund overseen by Treasury Secretary Steve Mnuchin, with few substantive constraints. Some outlets are reporting this as a $500 billion fund, but $425 billion of that can be leveraged 10 times over by the Federal Reserve, resulting in a multi-trillion-dollar program.
The bill permits bailed out companies to lay off up to 10% of their workforce over the next six months, with no restrictions thereafter. Mnuchin would have authority to waive any upside for the public in its new investments, and the bill’s restrictions on stock buybacks at bailed-out firms are too temporary to be significant. Bailed out companies could even pay dividends to their shareholders.
Bailout money will flow to the shareholders of large corporations, otherwise known as rich people. The oversight terms that Democrats secured are purely cosmetic, replicating the toothless provisions of the 2008 bank bailout that enabled watchdogs to report abuse but not actually prevent or rectify it."
THIS IS WHY THE STOCK MARKET WENT UP.
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The fact that they are even able to do that kind of manipulation to keep rates low is exactly my point (i.e. our creditworthiness is still excellent). The Ron Paul crowd has been harping for decades about debasement and inflation and so far we've yet to see either to any significant degree compared to the rest of the world, at least by traditional measures. Furthermore, $6.6T of our debt is owned by foreign countries. Why in the world would China and everyone else still be gobbling up our treasuries at auction if we are doing such self-inflicted economic destruction?
If QE and our national debt is so out of control, how does this chart of the dollar index exist? Why are we still the defacto reserve currency?
I'll save yours and others' posts for later to see how the scary predictions of a Zimbabwe inflation scenario pan out 5 years from now....
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So is your point that this extreme amount of money printing doesn't devalue the currency? Literally, the act of printing money makes us wealthier because it just adds total purchasing power? How does that make sense? Goods and services and total purchasing power does not go up simply by adding more dollars into the system.The fact that they are even able to do that kind of manipulation to keep rates low is exactly my point (i.e. our creditworthiness is still excellent). The Ron Paul crowd has been harping for decades about debasement and inflation and so far we've yet to see either to any significant degree compared to the rest of the world, at least by traditional measures. Furthermore, $6.6T of our debt is owned by foreign countries. Why in the world would China and everyone else still be gobbling up our treasuries at auction if we are doing such self-inflicted economic destruction?
If QE and our national debt is so out of control, how does this chart of the dollar index exist? Why are we still the defacto reserve currency?
I'll save yours and others' posts for later to see how the scary predictions of a Zimbabwe inflation scenario pan out 5 years from now....
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The dollar index is relative to other currencies, not to a fixed product. If they are debasing their currency among the same lines as us, both currencies are losing absolute value but their relative value to each may remain fairly constant.
I don't know what to believe, but if this is close to accurate it will set public health back a century. No one will ever trust them again for crashing the economy, similar to a pre-Katrina effect where people stopped listening to hurricane warnings because of so many false alarms... until they actually should have listened.
Opinion | Is the Coronavirus as Deadly as They Say?
Current estimates about the Covid-19 fatality rate may be too high by orders of magnitude.
We will find out in a few weeks when most cities will open their economy back up. The greatest experiment of all time, live and in person.
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Exactly- the dollar index is relative to every other currency that matters. There is no time machine where we can go back and peg the dollar again so relative strength is what to look for. As long as we reign supreme and are the de facto reserve currency, debt can be issued as long as GDP growth keeps pace. As you said, in a floating system, it doesn't matter if we "devalue" our currency as long as other major currencies are devalued just as much. I will get worried when we see real inflation compared to other currencies, a downgrade of our credit worthiness that is based on actual metrics (and not debt ceiling shenanigans), and other countries not flocking to USD or treasuries when sht is hitting the fan globally.
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Democrats Are Handing Donald Trump The Keys To The Country
The Senate coronavirus bill is shocking.
"The emergency coronavirus legislation that the Senate agreed to on Tuesday can only be described as an outrage. It is not an economic rescue package, but a sentence of unprecedented economic inequality and corporate control over our politics that will resonate for a generation.
It represents a transfer of wealth and power to the super rich from the rest of us, with the support of both political parties ― a damning statement about the condition of American democracy.
Final text of the bill has not been released, but according to a legislative draft, the new law would establish a $4.5 trillion corporate bailout fund overseen by Treasury Secretary Steve Mnuchin, with few substantive constraints. Some outlets are reporting this as a $500 billion fund, but $425 billion of that can be leveraged 10 times over by the Federal Reserve, resulting in a multi-trillion-dollar program.
The bill permits bailed out companies to lay off up to 10% of their workforce over the next six months, with no restrictions thereafter. Mnuchin would have authority to waive any upside for the public in its new investments, and the bill’s restrictions on stock buybacks at bailed-out firms are too temporary to be significant. Bailed out companies could even pay dividends to their shareholders.
Bailout money will flow to the shareholders of large corporations, otherwise known as rich people. The oversight terms that Democrats secured are purely cosmetic, replicating the toothless provisions of the 2008 bank bailout that enabled watchdogs to report abuse but not actually prevent or rectify it."
THIS IS WHY THE STOCK MARKET WENT UP.
The average person in the United States wants Bernie. The thing is, they just want him in a different, more polished package and without the stigma of the word socialism.
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Feel free to slam me but in crises like this, I really miss Obama a lot. And I mean it. I'm going to back a Democrat this election.
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deleted171991
I didn't like/share his politics, but have a lot of respect for the man..
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I'm just desperately begging for stable, strong and decisive leadership, especially during crises. Ideally they're also competent and scientifically aware. I want more leaders of Lincoln, Roosevelts, Eisenhower, Reagan etc. type. Strong and decisive leader who can steer the country through difficult times and improve dramatically.
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deleted171991
This is how bad it is in New York City:
nypost.com
Worker at NYC hospital where nurses wear trash bags as protection dies from coronavirus
The shortage of safety gear at one Manhattan hospital is so dire that desperate nurses have resorted to wearing trash bags — and some blame the situation for the coronavirus death of a beloved coll…
nypost.com
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I was in the doctors lounge today between cases and watched some of Trump's press conference. And just listening to him I could only think one thing. He is an absolutely despicable human being. To the very core.
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Reagan started the 40 year credit card government that many of you posting have never known differently; ie fiscal responsibility. Reagan blew a lot of smoke about the importance of fiscal responsibility, and then did the complete opposite... just like the current guy.
FDR began the nanny welfare state that will eventually crumble under its own weight. The type of spending program madness Republicans have made the focal point of their wrath... until today when they out-New Deal'd FDR. Lincoln was a couple of years before my time, so I'm going with Option C, Eisenhower.
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96-0 in the Senate.
That just says EVERYBODY got in on the money grab bag. It's named after Workers and Families, but a better name would have been the Oprah Act,
"You get a Trillion!... You get a Trillion!... You get a Trillion!..."
That just says EVERYBODY got in on the money grab bag. It's named after Workers and Families, but a better name would have been the Oprah Act,
"You get a Trillion!... You get a Trillion!... You get a Trillion!..."
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Andy Beshear for president! (Just look him up and you'll see.)
Encouraging riots in Baltimore?
Encouraging riots in Ferguson?
Lying about Benghazi to win reelection?
Letting Russia get away with invading Crimea?
Letting isis spread throughout the world?
IRS targeting conservatives to help him win reelection?
Allowing your national security apparatus to illegally spy on a rival campaign?
What leadership are we talking about here?
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U.S. COVID Risk & Vaccine Tracker
Covid Act Now has real-time tracking of your community's COVID risk level. Explore how your community is doing.
Here is a presentation of data that could be used by state governments in allowing economic activity. A state with low caseload right now may allow limited economic activity while following social distancing guidelines, but may have to be prepared to shelter in place in mid April.
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deleted171991
Expect the worst to continue:
www.nytimes.com
Job Vacancies and Inexperience Mar Federal Response to Coronavirus (Published 2020)
Unfilled jobs and high turnover mean the government is ill equipped for a public health crisis, said many former and current federal officials and disaster experts.
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You deserve the Nobel for such high level thinking here. Kudos!
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deleted171991
He's just listed the states with the best responses to the epidemic, while the WH is basically scratching its arse and calling it an emergency response.
It's a mess akin to Katrina for something that was predicted more than a month ago (when they were busy denying it). But their PR is working, and their *****ic base has forgotten about their lack of leadership, and that's what matters to them! None of these are electoral swing states, so they don't really care.
And I don't use the word *****ic lightly. But it takes a humongous level of ignorance about the world for this president to still have an approval rate in the fourties or higher.
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Jobless claims double what was expected....3.3m vs 1.5m expected. Still maintaining S&p will test 2000
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You've also named 3/5 most populated states in the country, and the site of the first infection.
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deleted171991
You forgot the parts about the "Democrat hoax", or not letting an American cruise ship dock in the US because it would have made his numbers look bad.
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Not sure why the hate, if you were DCA like a sheep that sucks. In volatile markets there is money to be made on other people's fears
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With the bailout bill about to become law I doubt we see 2,000. This is a multi trillion dollar bailout bill. The stocks have been back stopped by the bailout and the Fed. When we get a retest of 2200 you should be buying stocks. I’m hoping to see below 2300 so I can buy a ton more stocks/equities.
This trillion dollar stimulus, infinite QE and zero interest rates will push stocks back up to over 3,000 in 12 months. Maybe less. Stocks are a buy right now and this is the opportunity of a decade.
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deleted171991
We'll see what happens when the national case number gets to hundreds of thousands and ICUs fail.
"We" as in Democrats. No surprise there.
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New York is getting steamrolled regardless of who leads the charge. Far from a liberal but in all fairness, he is doing a pretty good job. His briefings are clear and effective. he identifies problems and listens to experts.
