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Showing content with the highest reputation on 03/25/2020 in all areas

  1. 1 point
    Just got a nephew and niece back from NZ and Peru. It was risky to fly them home but they are in good shape and hiding out in rural Vermont now.
  2. 1 point
    Millennials were jumping on flights all over the country 10 days ago, taking advantage of cheap fares. This connection may have proved popular: JFK ==> COVID ==> RIP
  3. 1 point
    LEE'S FREE THINKING Fed Has Scheduled A Month’s Worth of Old QE PER DAY! by Lee Adler • March 25, 2020 • 0 Comments The Fed scheduled $123 billion per day in Treasury and MBS purchases this week. That’s a month’s worth of old QE per day. What about unintended consequences?
  4. 1 point
    We all like your jokes Doc. Got to keep reminding myself it does no good to myself or anyone if I get gloomy at times. So keep it up! We all need to remember humor is our way of dealing with a crazy world.
  5. 1 point
    I know I'm weird. I'm stranded in an apartment in a strange, and deserted, foreign city, the capital of the 133rd largest country in the world, where everyone is shut in by a pandemic that will kill all of us, where there was just an earthquake, and where going to the supermarket is a terrifying experience because you might come within 6 feet of another human being, and the President of the United States is Donald Trump, and did I say we're all gonna die? And I'm actually enjoying myself.
  6. 1 point
    Really? Global pandemic. Thousands sick & dying. Global economy shuts down. There's a couple down weeks from overvalued levels. And now it's all just going to turn and run off to the races?
  7. 1 point
    There was an old man from Ost-Prussia Whose war stories made children hush-a His ancestors swore Allegiance to its officer corp Until his homeland was taken by Russia.
  8. 1 point
    Dr. Gai Peleg told Israeli television that in northern Italy, the orders are not to allow those over 60 access to respiratory machines. Coming to the USA soon... at 72.....I am Sooooo Fucked.....😷🤧🥵🤮😱💀
  9. 1 point
    Wife tells me the local school district serves 40,000 hot meals per week. You know, because of the firm connection between poverty & hunger. Meanwhile, trillion-dollar bailouts for corporations, plutocrats, and other well-connected/well-healed forms of crony-capitalism... a decade after it was done before. This whole edifice needs burned to the ground.
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  12. 1 point
    Don't forget the heart attack, the heart pump, waking up during intubation, coding in surgery. All good stuff.
  13. 1 point
    Been locked in alone for so long, package stimulus would make me go from short to long too.
  14. 1 point
    End of the world or not I'm not going down without a fight! I'm not about to let a god damned depression ruin my day! All stool reserves are recalled to active duty.
  15. 1 point
    That figure must include the alphabet soup shit, which has zero impact on the market. It just bails out hedge funds and asset backed paper issuers. Another disgraceful expansion of socialism for the rich and death for the poor. The end game will be that there's no one left to support those at the top. The structure of society will ultimately collapse and we'll enter another dark age.
  16. 1 point
    Hoping to escape coronavirus, city dwellers are fleeing to California's deserts and mountains https://www.msn.com/en-us/news/us/hoping-to-escape-coronavirus-city-dwellers-are-fleeing-to-californias-deserts-and-mountains/ar-BB11zHSz
  17. 1 point
    For some perspective on just how fast the Fed is moving, it intends to purchase $625 billion this week alone. That’s more than the entire $600 billion second leg of quantitative easing that ran for eight months, from November 2010 to June 2011.
  18. 1 point
    Taken together, the programs are considerably more aggressive and have been done in quicker fashion than what happened during the 2008-09 financial crisis. By the time it finishes, the Fed could take its balance sheet to as high as $10 trillion, one anal cyst estimates. https://www.cnbc.com/2020/03/23/fed-is-helping-the-markets-more-than-it-did-during-the-financial-crisis.html
  19. 1 point
    There's a huge difference between now and 2009. The Fed started direct QE in March 2009. It worked immediately. It started direct QE this time in late September. It worked for a while but the bubble had become so brittle that it collapsed anyway. That was at the end of a 30 month bear market. Psychologically the players were ready.. This on just started. This one faces trillions in new Federal Debt. All other nations area also issuing massive amounts of debt to fund stimulus. So there's QE, and maybe it's starting to work on a delayed basis. Or maybe this is just another countertrend bear market rally, and this is October 30 1929, not March 1933. Which came AFTER the bank holiday. I don't know if this is the bottom or not, but I doubt it.
  20. 1 point
    Yep. 1933 aka THE low.
  21. 1 point
    Biggest one day rally since 1933, they're saying.
  22. 1 point
    For us dummies can you please explain this is small words? Why are refiners shutting down? Why aren't metals moving? Who are these market makers and what is EFP? Are CME futures way below OTC spot? I don't follow gold at all. Sorry to be such and idiot.
  23. 1 point
    Looks like yesterday marked a relative low. My gut is uncanny, if only I could find a way to actually trust it enough to trade.
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