Replies: 13
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Hall of Famer [21578]
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Trump just said something very important. (Edit)
Mar 19, 2020, 12:40 PM
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They will be considering bailout money based on whether or not companies invested in growth instead of stock buybacks. I'm skeptical, but hearing that makes me feel good.
That said, I believe the bailouts won't matter because I think the dollar is going to collapse under this unprecedented weight... but if that doesn't happen and the ship doesn't sink (fingers crossed) then this will be good.
Chloroquine and not open-ended bailouts may be enough.
Edit: Apparently I may have heard it wrong. See Obed's response below.
Message was edited by: Completely Solid Orange®
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Orange Blooded [2684]
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dollar tends to strengthen during a global crisis
Mar 19, 2020, 1:34 PM
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our currency is always relative to other currencies. People around the globe hoard greenbacks during times of instability, so if anything, there will be a dollar shortage.
Cycle will probably be deflationary for a while, then fed overreaction will lead potentially to inflation.
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Hall of Famer [21578]
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Dollar does tend to do that... but this might be too much
Mar 19, 2020, 1:51 PM
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pressure. People run to the dollar because the US has been able to rig the international system with Swift and OPEC. But Russia, China and all the other "bad guys" want that over with. Russia may have finally found the opportunity to wreck it.
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Lot o points [154503]
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I heard it differently
Mar 19, 2020, 1:35 PM
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It wasn't stated as a consideration of whether bailout money is given, but as a consideration as to whether the govt would take an equity stake in said corporation were bailout money provided.
I'm not as bullish on the statement, given that.
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Hall of Famer [21578]
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Crap. I suck at multi-tasking. I'll listen again.***
Mar 19, 2020, 1:49 PM
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Lot o points [154503]
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Yeah the response was to a question along the lines of
Mar 19, 2020, 1:50 PM
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"blah blah blah what do you say to rumors that the govt will take an equity stake in companies that are provided bailout money"
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Hall of Famer [21578]
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Thanks a lot. I try to be optimistic for like 5 minutes
Mar 19, 2020, 1:52 PM
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and now reality sends me back into the bunker.
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Lot o points [154503]
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If I'm being optimistic, I'm hoping that Trump was just
Mar 19, 2020, 1:54 PM
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freestyling and thought he was answering it the way you heard it, and not literally the way it was asked.
One is a breath of fresh air, the other is a bit alarming.
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Hall of Famer [21578]
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Taken collectively, 90% of everything looks disastrous.
Mar 19, 2020, 1:55 PM
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I'm way less worried about the virus aspect than the economic collapse aspect.
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Lot o points [154503]
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agree completely about the worries.***
Mar 19, 2020, 1:56 PM
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Oculus Spirit [93156]
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Previously there were talks about others being excluded...
Mar 19, 2020, 2:40 PM
[ in reply to I heard it differently ] |
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due to being partly owned by chinese and those who manufacture in China.
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Oculus Spirit [93156]
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Not many here will admit they misunderstood something and...
Mar 19, 2020, 2:50 PM
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examine himself. Diogenes could put down that lantern.
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Hall of Famer [21578]
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Way too kind. Don't worry, I'll anger you soon probably.
Mar 19, 2020, 3:31 PM
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(I have no specific plans to anger you)
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Oculus Spirit [93156]
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I am fully aware you were joking.
Mar 19, 2020, 3:48 PM
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I hope you are fully aware that few people here admit to a mistake, a misread or just come out and say they were wrong and how much I respect those who share that spirit of truth.
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Replies: 13
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