Author Topic: The Economy |OT| Guess I'll Just Die? (Read 37114 times)

Tripon · « **Reply #240 on:** August 12, 2020, 02:42:24 PM »

https://twitter.com/dailyfreepress/status/1293591823668129795

Boston University got you covered

Kara · « **Reply #241 on:** August 13, 2020, 11:24:13 PM »

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN2592WV

700 million raised. In 2020.

Beyond Meat isn't profitable and its stock is $127.

james · « **Reply #242 on:** August 13, 2020, 11:29:45 PM »

I feel like it's time to get the James fund back into the put market

Kara · « **Reply #243 on:** August 13, 2020, 11:47:49 PM »

Found a quote from last month you'll like, Mandark:

Quote

"The market is pricing in a [coronavirus] vaccine by Labor Day as well as endless fiscal and monetary stimulus. We have so many positive data points priced in that if we don't get them, markets could go down," said David Rosenberg, a longtime analyst now running his own firm, Rosenberg Research.

spoiler (click to show/hide)

They were right about the vaccine.

[close]

Mandark · « **Reply #244 on:** August 13, 2020, 11:48:51 PM »

Nintex · « **Reply #245 on:** August 14, 2020, 05:41:10 AM »

Our numbers are in

The Netherlands: - 8,5% / - 320k jobs

Not as bad the UK (20%) or Germany(~10%) but still the biggest economic contraction in recorded history which includes the great depression and WWII.
Another hit is expected in September when delayed taxes probably have to be paid by businesses who had a poor summer.

Plus there's always the risk of a second wave but looking at these numbers we won't get another lockdown no matter how bad it gets.
Hopefully prices will go down as well as sales taxes.

Tripon · « **Reply #246 on:** August 15, 2020, 04:32:12 PM »

https://twitter.com/NPR/status/1294733182366031876

VomKriege · « **Reply #247 on:** August 15, 2020, 04:40:47 PM »

Quote from: Tripon on August 15, 2020, 04:32:12 PM

https://twitter.com/NPR/status/1294733182366031876

I don't know about Denmark but in France it's an issue that some cities (richer ones with right wing mayors usually) prefer to pay the fines rather than comply with the minimum legal standard in affordable public housing.

Joe Molotov · « **Reply #248 on:** August 17, 2020, 07:33:17 PM »

Candles: $3600

Nintex · « **Reply #249 on:** August 17, 2020, 07:43:09 PM »

Someone looked at that and said $20 internet, $625 in donations?

Yup makes sense to me

james · « **Reply #250 on:** August 17, 2020, 07:58:23 PM »

Donations = onlyfans

VomKriege · « **Reply #251 on:** August 18, 2020, 10:17:49 AM »

https://twitter.com/BadEconTakes/status/1292967179202072576

Skullfuckers Anonymous · « **Reply #252 on:** August 18, 2020, 01:16:46 PM »

Quote from: shosta on August 17, 2020, 06:15:12 PM

https://twitter.com/BadEconTakes/status/1295463695422648320

My favorite one of these was someone who was spending hundreds on student loan payments a month and also donating several hundred to their college each month.

Great Rumbler · « **Reply #253 on:** August 18, 2020, 01:59:57 PM »

Economy goes down, economy goes up. You can't explain that.

Brehvolution · « **Reply #254 on:** August 18, 2020, 02:39:53 PM »

25 year olds that make 100k

Joe Molotov · « **Reply #255 on:** August 18, 2020, 02:49:20 PM »

I am excellent with money. *sends my favorite Twitch thot a $600 dono*

Mandark · « **Reply #256 on:** August 21, 2020, 11:01:37 AM »

https://twitter.com/byHeatherLong/status/1296425183440445440

Wow, crazy that cutting UI benefits didn't stop people from being unemployed.

james · « **Reply #257 on:** August 21, 2020, 01:24:31 PM »

Democrats to the poors: Suck my nuts

Quote

New York

Residents of the Empire State will not be eligible to receive the extended unemployment benefits as Gov. Andrew Cuomo (D-NY) confirmed he will not apply for the aid.

“You cannot get water out of a stone, that is a fact and we have a $14 billion deficit, and we can’t pay for it,” Cuomo said in an interview with WHEC-TV on Wednesday.

He also expressed his disdain for FEMA, stating that “I'd rather do business with the old time bookie on the street corner than do business with FEMA”.

https://www.forbes.com/sites/advisor/2020/08/20/these-are-the-states-that-declined-trumps-extended-unemployment-benefits/#2a0c77441976

Oblivion · « **Reply #258 on:** August 21, 2020, 02:20:53 PM »

https://twitter.com/accidental_left/status/1296873390930788355

Nintex · « **Reply #259 on:** August 21, 2020, 02:28:56 PM »

Quote from: Oblivion on August 21, 2020, 02:20:53 PM

https://twitter.com/accidental_left/status/1296873390930788355

Dan Lok, oh man his YouTube videos are legendary

Nintex · « **Reply #260 on:** August 25, 2020, 09:45:29 AM »

Some new numbers from the Netherlands

- 1 in 5 households has trouble paying their bills
- In Amsterdam, Utrecht and The Hague 1 in 3 households have trouble paying their bills
- Another wave of problems is expected when certain COVID-19 relief policies end (September)

https://www.rtlnieuws.nl/nieuws/nederland/artikel/5179229/schulden-nederlanders-coronacrisis-huishoudens-geldfit

VomKriege · « **Reply #261 on:** August 26, 2020, 04:37:45 PM »

Watched it a bit at random but it's an hilarious, compact sneak peek at modern stock exchanges and how they're rigged, in a way.

Perfect information

Edit : I mean it's not news that computers factor heavily in stock trading, it's the case since the late eighties at least... But it's insane how razor thin the margins are. And fairly telling that an actual trader was pretty oblivious to all of it for a long time in his career before diving into it.

Skullfuckers Anonymous · « **Reply #262 on:** August 26, 2020, 07:49:23 PM »

Nintex · « **Reply #263 on:** August 26, 2020, 07:56:28 PM »

Quote from: Skullfuckers Anonymous on August 26, 2020, 07:49:23 PM

(Image removed from quote.)

This is it, this is the entire Republican platform perfectly captured in one image.

zomgee · « **Reply #264 on:** August 26, 2020, 08:55:33 PM »

but he is flying away from the moon

team filler · « **Reply #265 on:** August 26, 2020, 08:59:27 PM »

they never said which moon either

Trent Dole · « **Reply #266 on:** August 28, 2020, 10:12:08 PM »

...complete with the debt death star lurking waiting to blow us all up

Mandark · « **Reply #267 on:** August 30, 2020, 10:07:07 AM »

https://twitter.com/ElizaForsythe/status/1299370382701596673

Michael Bennet

spoiler (click to show/hide)

This also explains why the GOP's so dead set against renewing it.

[close]

Tripon · « **Reply #268 on:** September 04, 2020, 11:30:25 AM »

https://www.usatoday.com/story/news/education/2020/09/03/covid-back-school-layoffs-teaching-jobs/5638287002/

Quote

But even if more recruits start entering teacher preparation programs, they could end up with nowhere to go by next spring.

The country’s deepest economic downturn since the Great Depression has yet to hit most school districts, according to data compiled by the Edunomics Lab at Georgetown University. Fewer than a third of the 302 districts Edunomics researchers tracked had issued pink slips as of mid-August, and the ones that had gone out were often for nonteaching positions.

But Marguerite Roza, director of the Edunomics Lab, said teacher layoffs may dominate headlines over the next several months as districts spend down their cash reserves and states start axing their budgets.

“I actually think it could be as early as late fall – depending on when we get some clarity on federal money,” Roza said.

During the last recession, between 2008 and 2010, public schools shed more than 120,000 teaching positions, according to school finance expert Michael Griffith of the Learning Policy Institute. It would have been worse if the federal government had not extended nearly $100 billion in aid to schools: An additional 275,000 education jobs could have been lost.

Madrun Badrun · « **Reply #269 on:** September 05, 2020, 08:11:24 AM »

https://www.cnn.com/2020/09/04/us/children-living-with-parents-pandemic-pew/index.html

Quote

A new report by the Pew Research Center found that a majority of young adults -- 52% -- lived with one or both of their parents in July. Pew's analysis of monthly Census Bureau data notes that this is higher than any previous measurement.
"Before 2020, the highest measured value was in the 1940 census at the end of the Great Depression, when 48% of young adults lived with their parents," says the report, published Friday. "The peak may have been higher during the worst of the Great Depression in the 1930s, but there is no data for that period."
Pew defines young adults as 18- to 29-year-olds. The number of young adults living with parents grew to 26.6 million in July, an increase of 2.6 million from February, Pew said.

Skullfuckers Anonymous · « **Reply #270 on:** September 25, 2020, 09:16:23 PM »

Makes sense to me.

https://www.twitter.com/TheStalwart/status/1309582619290595328

Nintex · « **Reply #271 on:** September 27, 2020, 01:23:39 PM »

BIONIC · « **Reply #272 on:** September 27, 2020, 01:25:53 PM »

Still more readable than a Shonda chart

Skullfuckers Anonymous · « **Reply #273 on:** October 16, 2020, 01:12:13 PM »

https://www.twitter.com/JStein_WaPo/status/1317127828899586049

Nintex · « **Reply #274 on:** November 04, 2020, 03:02:48 PM »

https://twitter.com/WJames_Reuters/status/1323978461162151937

Nintex · « **Reply #275 on:** November 04, 2020, 07:26:48 PM »

https://twitter.com/FirstSquawk/status/1324117489807077376

News:

Author Topic: The Economy |OT| Guess I'll Just Die? (Read 37114 times)