The next economic crash is here, COVID 19 has burst the bubble

[ganbaru]

Originally Posted by ramlaen

And allowing your economy to recover after stopping what caused it to collapse is even better, not that the cause of the Great Depression and a global pandemic are comparable in any way.

The pandemic is the trigger of the collapse but it didn't create the bubble. Even after that pandemic the factor than created said bubble might be still present.

[Toukairin]

Originally Posted by ramlaen

And allowing your economy to recover after stopping what caused it to collapse is even better, not that the cause of the Great Depression and a global pandemic are comparable in any way.

Herbert Hoover's plans to stimulate the economy failed because they were run by conservative bankers unwilling to make riskier loans and because he was not man enough to get over their heads with something more ambitious of an effort from the government. At that same time, Governor Roosevelt launched the Temporary Emergency Relief Administration to provide aid to the unemployed, which would eventually become the basis for his platform to the presidency.

Are those elements sounding any familiar nowadays? Because history is what it is, Hoover ranks low in the list of US Presidents. What we see now is just a repeat with different actors and causes.

[SeijiSensei]

Originally Posted by ramlaen

The GOP bill was fine and had bipartisan support until Democrat leadership decided to, wait for it, not let a crisis go to waste and hold Americans hostage in order to demand an ideological wish list.

A bill that gave Steve Mnuchin and, derivatively, Donald Trump, the power to dole out funds from a $500 bn slush fund with no accountability for at least six months can hardly be called "fine."

[Heep]

Who cares about united-statian stock-exchange places exept 0.001% united-statied trumptards assholes ? In fact, its like terrorist persentage ratio or nra approvment rate

[ramlaen]

Originally Posted by SeijiSensei

A bill that gave Steve Mnuchin and, derivatively, Donald Trump, the power to dole out funds from a $500 bn slush fund with no accountability for at least six months can hardly be called "fine."

Ah yes the slush fund talking point used as an excuse for demanding an ideological wishlist.

By the way, have you considered the significance of the timing with 'no later than six months from the bill passing'? If the money was misused it would make a fantastic October surprise present for Biden.

[Heep]

Trumpi s a communist.
What a bad thing

[mangamuscle]

Originally Posted by ramlaen

Ah yes the slush fund talking point used as an excuse for demanding an ideological wishlist.

By the way, have you considered the significance of the timing with 'no later than six months from the bill passing'? If the money was misused it would make a fantastic October surprise present for Biden.

In the first paragraph you criticize the democrats because you say they did a purely political decision ("ideological wishlist") then in the second one you criticize them for NOT doing a political decision and letting trump have 500bn dollars to waste wherever he wants as a trap for next november.

Sooner rather than later you will be just like trump, contradicting yourself in the same sentence.

[Sugetsu]

This is truly unbelievable, irresponsible and immoral.

YouTube

https://youtu.be/a2E1MZsijww

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The video tittle says it all: 1 trillion dollars per day is being spent by the fed in order to calm down the markets. Yet we can't to help the people right now, because you know, "how are you going to pay for it?".

[ganbaru]

Maybe I a just ignorant but wouldn't closing the Markets for the time being a better option than wasting money on falling market while the real economy is more or less stopped anyway? If the market is supposed to be a mirror of the economy ( yes I know it isn't let's pretend it is as they do as well) wouldn't using that money to restart the economy when the pandemic is under control be a more efficient way?

[ramlaen]

Originally Posted by mangamuscle

In the first paragraph you criticize the democrats because you say they did a purely political decision ("ideological wishlist") then in the second one you criticize them for NOT doing a political decision and letting trump have 500bn dollars to waste wherever he wants as a trap for next november.

Sooner rather than later you will be just like trump, contradicting yourself in the same sentence.

I think you might want to double check who is asserting the $500 billion will be wasted.

Originally Posted by ganbaru

Maybe I a just ignorant but wouldn't closing the Markets for the time being a better option than wasting money on falling market while the real economy is more or less stopped anyway? If the market is supposed to be a mirror of the economy ( yes I know it isn't let's pretend it is as they do as well) wouldn't using that money to restart the economy when the pandemic is under control be a more efficient way?

Markets would implode as soon as they reopened as investors rush to move their money elsewhere.

[ganbaru]

Originally Posted by ramlaen

Markets would implode as soon as they reopened as investors rush to move their money elsewhere.

And it isn't the case right now?

[ramlaen]

YouTube

https://youtu.be/jql_n6zJNQM

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Originally Posted by ganbaru

And it isn't the case right now?

The markets had record gains yesterday.

[Ithekro]

Compared to what?

[James Rye]

Originally Posted by ramlaen

YouTube

https://youtu.be/jql_n6zJNQM

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The markets had record gains yesterday.

Yeah, because the shares of established enterprises are so cheap currently. You ahd record buys nearly everywhere, that doesn't mean that the crisis is over. This ain't a bounce-back because next quarter there gonna be a shit ton of new production records and employment records. It's a "Dead cat bounce", people buy cheap hoping they get some after the crisis is over, nothing else.

[mangamuscle]

Originally Posted by ramlaen

The markets had record gains yesterday.

Let's use the full headline "Dow surges more than 2,100 points — biggest gain since 1933". Here, have a link even you can approve.

https://nypost.com/2020/03/24/dow-su...in-since-1933/

This is not very reassuring since six years after said surge the markets would plunge into what we now call "The Great Depression". But history never repeats exactly, so we might get a big plunge in six months (when autumn starts and viral infections in the norhtern hemisphere start to increase) or even in six days (when the USA will be declared the new center of the pandemic).

To me it is clear that what trump wants is to have the economy back on track before the november elections, so no long term solutions are being applied and short term solutions will not solve the pandemic.

[ramlaen]

Originally Posted by mangamuscle

Let's use the full headline "Dow surges more than 2,100 points — biggest gain since 1933". Here, have a link even you can approve.

https://nypost.com/2020/03/24/dow-su...in-since-1933/

This is not very reassuring since six years after said surge the markets would plunge into what we now call "The Great Depression". But history never repeats exactly, so we might get a big plunge in six months (when autumn starts and viral infections in the norhtern hemisphere start to increase) or even in six days (when the USA will be declared the new center of the pandemic).

To me it is clear that what trump wants is to have the economy back on track before the november elections, so no long term solutions are being applied and short term solutions will not solve the pandemic.

I see we are handwaving the cause of the Great Depression again.