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Recession - Depression Talk

 
 
Reply Thu 12 Mar, 2020 12:43 pm
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Type: Discussion • Score: 3 • Views: 991 • Replies: 25
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edgarblythe
 
  1  
Reply Thu 12 Mar, 2020 01:10 pm
Fed to Inject $1.5 Trillion in Bid to Prevent ‘Unusual Disruptions’ in Markets
https://www.wsj.com/articles/fed-to-inject-1-5-trillion-in-bid-to-prevent-unusual-disruptions-in-markets-11584033537
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Sturgis
 
  1  
Reply Thu 12 Mar, 2020 01:39 pm
Just another way to postpone the inevitable.


...and make it worse by adding to the debts incurred.
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edgarblythe
 
  1  
Reply Thu 12 Mar, 2020 07:14 pm
I got this off of Twitter. May or may not be true, but it seems par for the course.

The fed govt spent $1.5 trillion to boost the stock market. The boost lasted for 15 minutes only to crash again. $1.5 trillion was wasted in 15 minutes
Sturgis
 
  2  
Reply Thu 12 Mar, 2020 09:57 pm
@edgarblythe,
That sounds about right.

In other news, the markets are tanking worldwide. Just about all the gains here in the US has been wiped out in the past month.

As the COVID-19 situation goes on, it will get much worse.
New York is banning gatherings of more than 500 people. Apparently this is shutting down Broadway shows. Big bucks there, same as with all the sports events and the possible canceling of the Olympics this summer.


I hope they don't try sugar coating it as a recession like the last couple of times. Just tell us straight out that we're headed into a full blown depression.
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edgarblythe
 
  1  
Reply Thu 12 Mar, 2020 10:46 pm
I don't know how deep this is going to go. I would feel better if the nations had educated intelligent leaders.
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edgarblythe
 
  1  
Reply Fri 13 Mar, 2020 05:44 am
https://www.politico.com/news/2020/03/12/trump-coronavirus-economy-127679
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edgarblythe
 
  1  
Reply Fri 13 Mar, 2020 09:35 am
And this
https://slate.com/business/2020/03/federal-reserve-bond-market-wall-street-trillion.html?fbclid=IwAR3-WPo54Uiys75mXo9HaL0jxIdAsTcC63Ack464aCtT2Pop1xn0TCNuRPk
RABEL222
 
  1  
Reply Fri 13 Mar, 2020 08:10 pm
@edgarblythe,
Has anyone heard Trump bragging about how great the stock market has done under him in the last few days?
Sturgis
 
  2  
Reply Fri 13 Mar, 2020 10:03 pm
@RABEL222,
Well, he was quite busy today, dispelling rumors that his eyes were bloodshot. He had been planning on announcing how his brilliant handling of the soon to be very very...like very a lot, Colonial virus would soon be gone and that was why the stock market went up today close to 2000 points on the Dow Jones.

After very little discussion it was decided he could Tweet about it all weekend...between rounds of goof.

...I mean GOOF.
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edgarblythe
 
  2  
Reply Fri 13 Mar, 2020 10:41 pm
I saw it. It was a beautiful press conference. Very beautiful.
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edgarblythe
 
  1  
Reply Fri 3 Apr, 2020 06:21 pm
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edgarblythe
 
  1  
Reply Thu 9 Apr, 2020 07:41 am
https://www.forbes.com/sites/alexandrasternlicht/2020/04/08/ray-dalio-were-heading-into-a-great-depression/#2c9a49717c83
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edgarblythe
 
  1  
Reply Fri 24 Apr, 2020 09:02 am
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edgarblythe
 
  1  
Reply Sat 25 Apr, 2020 12:35 pm
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edgarblythe
 
  1  
Reply Sun 3 May, 2020 07:47 pm
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edgarblythe
 
  1  
Reply Sun 17 May, 2020 07:08 pm
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edgarblythe
 
  2  
Reply Wed 10 Jun, 2020 07:13 pm
https://www.buzzfeednews.com/article/tomgara/economy-recession-coronavirus
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edgarblythe
 
  1  
Reply Fri 19 Jun, 2020 01:29 pm
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hightor
 
  2  
Reply Fri 19 Jun, 2020 01:51 pm
Angela Merkel fears economic crisis is being underestimated in EU
0 Replies
 
 

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