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Corona Virus

Ja Rhule

By Ja Rhule,
in Huddle Lounge

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Tbe Grand Master

Tbe

Posted
Posted
4 hours ago, Khyber53 said:

The biggest impact on major corporations and businesses is that many of them have now been exposed for using the cheap credit of the last 12 years to offset unwise business practices that didn't build their businesses. So many companies were caught leveraged to the hilt right now and with no  cash reserves that they can't make their bond and debt payments. Many had been unwisely using what should have been cash reserves to buy back issued stock to improve the revenues of the rest of the stock holders. 

We haven't even started to see the bottom of the business impact yet, that is still downstream as a number of companies that have done massive layoffs won't have the cash on hand to restart production/services and make payroll to bring people on. Couple that with the inflationary aspects of the government/Fed Reserve just printing up $3 billion out of thin air and well, you should get the picture. 

Don't drop money into the stock market right now, no matter how bad they want you to. This "recovery" is fool's gold, imho. 

Instead, sock that cash away for your own rainy day. The rains, they are gonna come.

https://www.brookings.edu/blog/up-front/2020/03/25/where-is-the-u-s-government-getting-all-the-money-its-spending-in-the-coronavirus-crisis/

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Khyber53 Grand Master

Khyber53

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21 hours ago, Wes21 said:

This is the mentality that separates the eternally broke from those that accumulate wealth.  There is a ton of money to be made right now.  Just don't be mad at those that make it, instead of "socking it away."

Buy now, get rich quick, here's the secrets THEY don't want you to know! 

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Wes21 Mentor

Wes21

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1 hour ago, Khyber53 said:

Buy now, get rich quick, here's the secrets THEY don't want you to know! 

I didn't say anything about "get rich quick," that's on you.  But there's plenty of money to be made right now, and I'm sorry you weren't taught how to go make it.  But have fun "socking it away."

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LinvilleGorge Grand Master

LinvilleGorge

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7 minutes ago, philit99 said:

Scientist now warn that all Americans should practice social distancing until at least 2022 or until a vaccine is finalized. Wow

https://www.mdlinx.com/physiciansense/new-study-why-social-distancing-may-need-to-continue-until-2022/

Anyone who has been paying attention pretty much already realized this would be the case.

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Tbe Grand Master

Tbe

Posted
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46 minutes ago, philit99 said:

Scientist now warn that all Americans should practice social distancing until at least 2022 or until a vaccine is finalized. Wow

https://www.mdlinx.com/physiciansense/new-study-why-social-distancing-may-need-to-continue-until-2022/

No doubt that’s true, but it’s going to be tough to do when 20-30% of the population is a homeless shelter.

 

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LinvilleGorge Grand Master

LinvilleGorge

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9 minutes ago, imminent rogaine said:

We are about to pull a Ron Rivera and Co. w the Coronavirus. Jump out to a big lead with aggressive offense and defense then at half time we switch tactics and go 3 and out every series and play prevent while the opponent makes a comeback.

Nailed it.

Except I'd say it's more like watching Shanahan screw up this year's Super Bowl. You're out to a nice lead what you do and then decide to switch tactics and have a Jimmy G vs. Mahomes shootout then act shocked by the results. It won't be going too conservative that seals our fate on this one, it'll be over-aggressiveness. You already have Trump pounding the drum in the White House and now we're watching a coalition of Democratic governors band together, both vying to put themselves in position to claim victory on re-opening the American economy.

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Ja Rhule Grand Master

Ja Rhule

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I have been reading foreign news and I’d say one thing...  we better be glad we are in US.  Other countries told their people to stay home, cancel schools and no stimulus.  Some countries raised taxes to help with government lost revenues.  Citizens of those countries actually point finger at US and say how it should be done.

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