Debt debt debt
Just keep piling it on let the next generation pay the price.
It can’t end well but keep kicking the can down the road and hope it can last a few decades more.
I agree
The Fed is buying everything in sight, including stocks and ETF’s. Anyone with common sense knows they have been.
Really they don’t even have to buy much, just support a handful of stocks and the market can’t go down.
The top 5 largest companies in the S&P have the same market cap as...
Have to laugh at all the talking heads and analysts.
They all said the same thing in early March “Q1 earnings don’t matter”.
Then mid March “Q2 guidance doesn’t matter”.
Then late March “2020 is a throw away year”.
Now it’s “we are looking ahead to second half of 2021”.
It’s all bullshit. Zero...
“Crazy losses” = Bailout for the wealthy at taxpayer expense or it “threatens the system”
Normal loss = Regular guy takes the loss and can’t even get a bank loan to keep his family in their home
Anyone who puts their money in an ETN is asking for trouble.
Especially the complex ones with monthly rolls, new note creations, etc.
You would think the after hours VIX product carnage in Feb ‘18 would teach people a lesson but they keep coming back for more.
They don’t give a shit about the public (most are too stupid or lazy to read wtf they are buying anyway).
The ETF’s/ETN’s make a ton of money for the banks/BD’s that’s all that matters
Good points
Zero interest rates, trillions in stimulus, the Fed and government doing “anything necessary” to make sure stocks never go down.
There is zero real price discovery.
All historical charts and stats are meaningless now.
It was already said, a college degree is all but meaningless now.
If anything you can make an argument you’re better off without 90% of those shit degrees and NOT be in six figure debt.
Trump Says States Can Start Reopening While Acknowledging the Decision Is Theirs
https://www.google.com/amp/s/www.nytimes.com/2020/04/16/us/politics/coronavirus-trump-guidelines.amp.html
Many of those people would be homeless anyway. They have mental, drug, alcohol, problems it has nothing to do with money.
And also, places like NYC were clean and spotless when Rudy G was mayor.
Now it’s a disgusting violent shit hole under DeBlasio.
The police are the “bad guys”, criminals...
The people here pounding the table to open up businesses and saying this is overblown are definitely not in the NYC/tri state area.
There’s probably more Doctors, nurses, other frontline workers dead from Covid in this area than total deaths in entire states.
NYC and north jersey hospitals...