Sounds like an oil deal is near. I don't see why McDonalds or JetBlue would go up on this news for example, but what do I know.
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Global Financial Crisis (10 Viewers)
- Thread starter Dostoevsky
- Start date
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Shit. Somebody bought a bunch of futures overnight and stocks are up like 5% despite oil being down 6% and the 10-year yield only up slightly. You just have to laugh at how ridiculous some of this is, they say the market is rallying because there was "good news" on the virus front, but overall volume is trending down. Lots of shenanigans going on.
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It will eventually. So many ponzi schemes touted as "monetary policy" that nothing is actually real anymore. Problem is we'll probably go towards an even more centralized system, or the Fed will just literally buy up the world. Either way, we lose.
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It will eventually. So many ponzi schemes touted as "monetary policy" that nothing is actually real anymore. Problem is we'll probably go towards an even more centralized system, or the Fed will just literally buy up the world. Either way, we lose.
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https://www.mckinsey.com/business-functions/risk/our-insights/covid-19-implications-for-business
mckinsey presented 3 scenarios. bottom line is that returning to the pre-epidemic output levels can take up to 1-3 years in europe, a bit shorter in the us. obviously china, the country that started this whole shit, will recover the fastest.
mckinsey presented 3 scenarios. bottom line is that returning to the pre-epidemic output levels can take up to 1-3 years in europe, a bit shorter in the us. obviously china, the country that started this whole shit, will recover the fastest.
Everytime you post something and i respond I fell like that firefighter in HBO Chernoby but instead of radiation I am exposed to your stupidity.
What did I fail to back up? That the real number of infected cases exceeds the registered meme number by far? For an absurdly virulent virus which leads to mostly mild cases that nobody would consider calling in for, let alone spotting an asymptomatic disease on himself like a guru? In a country out of its depth in any sort of ressources and testing capacity? Aside from common sense I posted a source of Italian epidemiologists and other scientists talking which you dismissed.
Communism no food? Did your nanny also need to back up that you shat into your diapers before you agreed to get your bum bum cleaned?
What did I fail to back up? That the real number of infected cases exceeds the registered meme number by far? For an absurdly virulent virus which leads to mostly mild cases that nobody would consider calling in for, let alone spotting an asymptomatic disease on himself like a guru? In a country out of its depth in any sort of ressources and testing capacity? Aside from common sense I posted a source of Italian epidemiologists and other scientists talking which you dismissed.
Communism no food? Did your nanny also need to back up that you shat into your diapers before you agreed to get your bum bum cleaned?
In my neighborhood, there are a lot of families with some successful people -- doctors, lawyers, intelligence agency folks, et cetera, and many of them have kids that are in college or just graduated recently. Two of them had to move back home from DC due to losing their jobs, and both are trying to work around the neighborhood for some extra cash, tasks like painting, mulching, and the like. My neighbor's daughter just graduated from college in December and there are basically no employment opportunities for her, so she's going to get her master's. There are far more people I know now in the 22-26 age group that don't have a job. And you have to wonder what sort of family pressure is put on these kids. I graduated right after the financial crisis in 2009 and it took me a couple years to find a job, I really hope it's not going to be worse for them,
@Seven is definitely right when he says this situation is destroying some futures in more ways than one.
@Seven is definitely right when he says this situation is destroying some futures in more ways than one.
OP
One can only hope 
I doubt that's going to happen. Majority of small-mid sized businesses are taking a huge blow. Many businesses will just collapse over night. Over here we have some good companies who already can't handle it and are taking a pay cut + firing people. Too many jobs connected with the EU are collapsing, contracts are being lost and clauses being paid. Can't be sustained and there's no way it's gonna last for less than 1.5 more months. I still expect a full 24h lockdown, at least in my town, which would probably last for 10-14 days, and that hit is gonna be even worse than this.
I doubt that's going to happen. Majority of small-mid sized businesses are taking a huge blow. Many businesses will just collapse over night. Over here we have some good companies who already can't handle it and are taking a pay cut + firing people. Too many jobs connected with the EU are collapsing, contracts are being lost and clauses being paid. Can't be sustained and there's no way it's gonna last for less than 1.5 more months. I still expect a full 24h lockdown, at least in my town, which would probably last for 10-14 days, and that hit is gonna be even worse than this.
