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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
[Reply]
DaFace 12:16 PM 03-25-2020
Originally Posted by Buehler445:
Do you think there is going to be 30% unemployment?
Just a matter of how long this drags out to me. If we think there's a good chance that at least some of society will open up in a month or two, 30% seems way too high. If this is a 6+ month situation, I don't think it's out of the question that it could go that high.
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BigBeauford 01:36 PM 03-25-2020
Originally Posted by DaFace:
Just a matter of how long this drags out to me. If we think there's a good chance that at least some of society will open up in a month or two, 30% seems way too high. If this is a 6+ month situation, I don't think it's out of the question that it could go that high.
6 months would be absurd. I dont think anyone would stand by and just watch the annihilation of our society.
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Ninerfan11 01:49 PM 03-25-2020
buy bitcoin. These hacks are trying to ruin us all.
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RunKC 01:51 PM 03-25-2020
3 major crashes in the last 20 years. And people expect folks to save for retirement through the best possible facilitator (the market).

SS ain’t going anywhere
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Discuss Thrower 04:17 PM 03-25-2020
Commercial RE defaults have to be coming down the pipe


The Cheesecake Factory tells landlords it will not be paying rents on April 1 https://t.co/AHjWusegPa pic.twitter.com/XlAevQxwWm

— Eater (@Eater) March 25, 2020

[Reply]
Hog's Gone Fishin 05:20 PM 03-25-2020

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lewdog 05:35 PM 03-25-2020
Originally Posted by Hog's Gone Fishin:
TLDR

Summarize?
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Discuss Thrower 05:41 PM 03-25-2020
Originally Posted by lewdog:
TLDR

Summarize?
Panglossian levels of buttfuckingly stupid optimism.

Don't waste your time.
[Reply]
Hog's Gone Fishin 05:45 PM 03-25-2020
Originally Posted by lewdog:
TLDR

Summarize?
Money is coming to help people pay their bills BUT:

Government gives the tenants the right to put off paying rent without eviction.

They also give the landlords right to put off paying mortgages but ONLY IF YOUR MORTGAGE IS BACKED BY FREDDIE MAC OR FANNIE MAY.

Which mine are not.

Our local JOP has a sign up saying there will be no eviction hearings until further notice.


I hate the notion of asking my lender to convert to interest only loans for awhile.
[Reply]
lewdog 06:01 PM 03-25-2020
Originally Posted by Discuss Thrower:
Panglossian levels of buttfuckingly stupid optimism.

Don't waste your time.
More downturn coming when unemployment numbers come out?
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Discuss Thrower 06:31 PM 03-25-2020
Originally Posted by lewdog:
More downturn coming when unemployment numbers come out?
Logically there should be but the bettor in me thinks not. Should have blew a breaker Monday but nah, that didn't happen.

ES futures are up for whatever reason.
[Reply]
Buehler445 07:34 PM 03-25-2020
Originally Posted by DaFace:
Just a matter of how long this drags out to me. If we think there's a good chance that at least some of society will open up in a month or two, 30% seems way too high. If this is a 6+ month situation, I don't think it's out of the question that it could go that high.
Yeah. I’m pretty sure everybody would be all for rolling with the virus if unemployment even got to 15%.

Think about what 30% would look like in 6 months. 6 Months is just shy of October. Yes. The top of that chart is 11% Do you really think dudes will be cool with quarantine for The rest of spring, all of summer and most of fall?

I don’t.

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Discuss Thrower 07:35 PM 03-25-2020
Originally Posted by Discuss Thrower:
ES futures are up for whatever reason.
Aaaaaand now they plunked.
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O.city 07:48 PM 03-25-2020
Originally Posted by Buehler445:
Yeah. I’m pretty sure everybody would be all for rolling with the virus if unemployment even got to 15%.

Think about what 30% would look like in 6 months. 6 Months is just shy of October. Yes. The top of that chart is 11% Do you really think dudes will be cool with quarantine for The rest of spring, all of summer and most of fall?

I don’t.
People are already getting tired of it

There’s no chance it won’t burn people out on it
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Discuss Thrower 08:15 PM 03-25-2020
Originally Posted by Buehler445:
Yeah. I’m pretty sure everybody would be all for rolling with the virus if unemployment even got to 15%.

Think about what 30% would look like in 6 months. 6 Months is just shy of October. Yes. The top of that chart is 11% Do you really think dudes will be cool with quarantine for The rest of spring, all of summer and most of fall?

I don’t.
2008 was the "top" of the economy partially collapsing down on other parts which were faltering or susceptible to failing. It was a runner in a race in ill-fitting shoes and then pulled both Achilles' trying not to blow its kneecaps out.

In this case, the economy as a runner is on PEDs and running at a speed it shouldn't physically reach wherein it crashed into wall that is an indefinite lockdown thanks to the ChiCom Cough.
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