6 trillion dollar cure for COVID-19

ironchef said:
Another name caller. Like the coronavirus, it must be contagious. :p

Besides, I listened to him last year, mortgaged my house, maxed out my credit cards and went all in early this year. No money to buy more QQQ unless you or @dozu888 are willing to give me a personal loan. :(
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I can't. I went all-in at the same time as you, but borrowed twice as much as my net worth from Dozu to do it, because he personally guaranteed it would win. I'm still waiting for my checks to roll in.

In the meanwhile, I keep getting collection calls from 1-800-Dozu-is-Saul.

(And you missed the sarcasm above. You'll get there, stout yeoman. :-) )
 
I feel that every time we solve a financial issue we put the seed (directly or indirectly) for the next crisis that happens years later. They add a risk component that no one thought about.
 
MattZ said:
I feel that every time we solve a financial issue we put the seed (directly or indirectly) for the next crisis that happens years later. They add a risk component that no one thought about.
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there is no risk. because infinite liquid solves all problems.

the issue though, is a shift of wealth.... there is nothing left to squeeze on the fixed income side.

I am with Warren here - long bond buyers are 'extremely stupid'... what's the game here, the rates will go negative infinity for the price to go up?

what is left to buy.... there is nothing else.. I asked the question in 2016, till this day nobody can give an answer.
 
Here4money said:
I seriously need to read up on the fall of nations from hyperinflation at this point. It's no joke, I'm legit worried.
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Ha, there was an "expert" on CNBC yesterday that said put your money in assets that have a limited amount of supply. He said gold and bitcoin. What a f'n stooge. He got his thesis right, he just missed the solution.
Buy land H4. Or buy houses. I'm tellin ya, its gonna be your best hedge if your worries pan out. And maybe even if they don't.
 
https://www.cnbc.com/2020/09/16/yel...e-coronavirus-pandemic-are-now-permanent.html

SMALL BUSINESS
Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent
  • Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.
  • As of Aug, 31, 163,735 businesses have indicated on Yelp that they have closed, a 23% increase since mid-July.
  • According to Yelp data, permanent closures have reached 97,966, representing 60% of closed businesses that won’t be reopening.

https://twitter.com/x/status/1305514531200929799

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure

This is not some back-of-the-napkin approximation. According to a groundbreaking new working paper by Carter C. Price and Kathryn Edwards of the RAND Corporation, had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the aggregate annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone. That is an amount equal to nearly 12 percent of GDP—enough to more than double median income—enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. Every month. Every single year.

Price and Edwards calculate that the cumulative tab for our four-decade-long experiment in radical inequality had grown to over $47 trillion from 1975 through 2018. At a recent pace of about $2.5 trillion a year, that number we estimate crossed the $50 trillion mark by early 2020. That’s $50 trillion that would have gone into the paychecks of working Americans had inequality held constant—$50 trillion that would have built a far larger and more prosperous economy—$50 trillion that would have enabled the vast majority of Americans to enter this pandemic far more healthy, resilient, and financially secure.
 
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