ELON MUSK IS GOD

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03-13-2020, 03:08 PM
peter mcneil

I don't expect the real estate market to be particularly affected in a negative sense, at least here. It's a low risk activity (looking at homes) and this virus is short term. For those needing a new home they may put it off for a few months but they will go ahead and make their moves. I also think the average person is going to spend a lot less the next little while and assuming they hang onto their jobs (there will be some displacement) they're going to improve their household balance sheets and have money to spend at lower interest rates in the future.
03-13-2020, 05:01 PM
Tellafriend

Quote:

Originally Posted by gimmick

Quote:

Originally Posted by Tellafriend

Where's this $ coming from ?? Congress borrows money and has limits they routinely raise, but I've never bothered to really dig into where the fed gets their endless supply of mother's milk.

Combination of debt and literally printing money. It's not really transparent. It's debt if they just release bonds (treasury). It's printing money when they buy back those bonds (central bank). In theory it should cause inflation in some circumstances, but it hasn't in the last 50 years.

I thought the Treasury printed money, not the federal reserve. But beyond that, Congress decides what to spend, so aren't they the ones telling the Treasury what to print? And with what money is the Fed buying back anything since according to you they just print money? No sarcasm intended in any of this.
03-13-2020, 05:30 PM
gimmick

Quote:

Originally Posted by Tellafriend

Quote:

Originally Posted by gimmick

Combination of debt and literally printing money. It's not really transparent. It's debt if they just release bonds (treasury). It's printing money when they buy back those bonds (central bank). In theory it should cause inflation in some circumstances, but it hasn't in the last 50 years.

I thought the Treasury printed money, not the federal reserve. But beyond that, Congress decides what to spend, so aren't they the ones telling the Treasury what to print? And with what money is the Fed buying back anything since according to you they just print money? No sarcasm intended in any of this.

Fed does the printing and Treasury issues bonds. There's few hoops they need to go around. Like Fed can't directly buy bonds from treasury. They need to first sell bonds to the public and then buy them back. That way they inject money to the economy. The whole yield and settling at maturity part is taken care with rollover. It's left hand paying the right hand type of deal so it doesn't really matter.

I don't know the specifics of what legislative arm handles what. I assume congress has limited power regarding the Fed to keep things at check.
03-13-2020, 05:43 PM
gimmick

Oh and Treasury does end up with money from the sale of bonds that they can then spend how ever they feel like. And even though bonds are kind of shit, as long as Fed keeps buying them the public can collect a small premium from an essentially risk free investment of several seconds.
03-13-2020, 05:49 PM
gimmick

Ah and physically printing money is what Treasury does, but in the context of QE type of deals Fed does it electronically and it only exists in spreadsheets.
03-13-2020, 05:50 PM
sonatine

lebanon is defaulting on its debt.
03-13-2020, 08:19 PM
sonatine

south korea just banned shorting for 6 months
03-13-2020, 09:17 PM
GambleBotsChafedPenis

Quote:

Originally Posted by sonatine

south korea just banned shorting for 6 months

this is why I would be very worried about being short this market..

trump needs some serious mojo to get trump 2020 going and getting the SP back above 3000 is one of those things that he can do...I don't know if it's gonna happen, but I would bet money he's gonna throw every last fucking thing at it...
03-13-2020, 09:32 PM
Sanlmar

Quote:

Originally Posted by GambleBotsChafedPenis

Quote:

Originally Posted by sonatine

south korea just banned shorting for 6 months

this is why I would be very worried about being short this market..

trump needs some serious mojo to get trump 2020 going and getting the SP back above 3000 is one of those things that he can do...I don't know if it's gonna happen, but I would bet money he's gonna throw every last fucking thing at it...

The consumer confidence and small business carnage. This is a lot more complicated than 2008.

Handing out money to financial institutions was easy in 2008/2009. This is much harder to solve.

Belief that somehow the Fed can throw enough money at the problem is what will make the daily wall street poker game so choice. The battle will rage for months.

The only people being helped are equities and bond holders. But that’s how it always goes.

Limitles loves drunkenly hatin my ass cause I appear heartless. I’m just bitterly cynical. Which is to say I’m a realist. I feel terrible for the working man. He’s getting wrekt.

If Bernie could improvise his decades old sermon he could truly own souls. He could generste tears at the next debate. I don’t think he can.

The great socialists were common place from the Great Depression thru the end of WWII. Same environment.
03-13-2020, 09:41 PM
GambleBotsChafedPenis

Quote:

Originally Posted by Sanlmar

Quote:

Originally Posted by GambleBotsChafedPenis

this is why I would be very worried about being short this market..

trump needs some serious mojo to get trump 2020 going and getting the SP back above 3000 is one of those things that he can do...I don't know if it's gonna happen, but I would bet money he's gonna throw every last fucking thing at it...

The consumer confidence and small business carnage. This is a lot more complicated than 2008.

Handing out money to financial institutions was easy in 2008/2009. This is much harder to solve.

Belief that somehow the Fed can throw enough money at the problem is what will make the daily wall street poker game so choice. The battle will rage for months.

The only people being helped are equities and bond holders. But that’s how it always goes.

Limitles loves drunkenly hatin my ass cause I appear heartless. I’m just bitterly cynical. I feel terrible for the working man. He’s getting wrekt.

If Bernie could improvise his decades old sermon he could truly own souls. He could generste tears at the next debate. I don’t think he can.

The great socialists were common place from the Great Depression thru the end of WWII. Same environment.

don't get me wrong these quarterly earnings for the next couple quarters, at minimum, are gonna be absolute dogshit outside of companies like COST, WMT, CLX, KMB to name a few...

the adage for as long as ive heard is don't fight the fed...

this is a unique beast, but I don't know if im ready to believe that that adage is false now...also we have a desperate, desperate individual at the controls...

off topic: el dorado is trying to push this merger with the evil empire through...20 billy in debt, again...these fucking morons never learn...I just want carnage...every last one of them out on the streets...you have stevie boy, I have the fuckers in AC...youre invited to my marshmallow roasting party, san...ill bring some bourbon and cigars too...we can enjoy watching it burn...
03-13-2020, 09:53 PM
Sanlmar

Quote:

Originally Posted by GambleBotsChafedPenis

off topic: el dorado is trying to push this merger with the evil empire through...20 billy in debt, again...these fucking morons never learn...I just want carnage...every last one of them out on the streets...you have stevie boy, I have the fuckers in AC...youre invited to my marshmallow roasting party, san...ill bring some bourbon and cigars too...we can enjoy watching it burn...

Yeah, Eldorado. So stupid.

I was just fading conventional thinking & love for Wynn. Wynn was running particularly hot in public opinion just prior to Boston’s opening. It was so mammothly flawed, I could care less about Wynn personally.

I saw a Foxwood ad an hour ago. Fucking sad the discounts on rooms. They are fucked. Maybe this will be it for them.

They all idiots. They don’t get it. They think it’s still 1995.

Shorts that ordinarily would have taken years and years to pay off .... well, jackpot.

Now I will take those dollar bills and try to plug the holes in our family business that is absolutely gonna puke. It will be interesting. Fortunately, my competition is gonna fail too. It’s a last longer bet.
03-15-2020, 03:51 PM
Sanlmar

Well, they did it.

No words.
03-15-2020, 03:59 PM
Daly

Quote:

Originally Posted by Sanlmar

Well, they did it.

No words.

#Nuke

And they aren’t done.
03-15-2020, 04:04 PM
Sanlmar

Trump sounded like a dithering idiot.
03-15-2020, 04:07 PM
Sanlmar

I pray for our children.
03-15-2020, 04:11 PM
sonatine

wrap your head around this:

they might shut down the market outright for most if not all of the week.
03-15-2020, 04:12 PM
OSA

Line at -400 that RH doesnt work tomorrow?
03-15-2020, 04:16 PM
TheXFactor

What is going to happen to hotel/casino stock in Las Vegas, when most major ones announce that they are closing temporarily?

https://cdn.wynnlasvegas.com/-/media...D60AFC100D03A8
03-15-2020, 04:24 PM
Sanlmar

Quote:

Originally Posted by TheXFactor

What is going to happen to hotel/casino stock in Las Vegas, when most major ones announce that they are closing temporarily?

https://cdn.wynnlasvegas.com/-/media...D60AFC100D03A8

That ship sailed $80 ago. Maybe another $11-15

Quote:

Originally Posted by Sanlmar

Personally, my play is Macau gets shut down but if Vegas is America’s Wuhan ....
03-15-2020, 04:33 PM
GambleBotsChafedPenis

Quote:

Originally Posted by OSA

Line at -400 that RH doesnt work tomorrow?

what a great price...I would seriously bet my net worth on it...

think it's more like -10000

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