Dow Plunges 1,100 Points; Where Is Trump's 'Very Major' Coronavirus Stimulus?

You don't have a ****ing clue whether things are as bad here as in China and the EU because we have failed to test appropriately.

And it is not being overhyped, *******n man. Every reporting has told you that the chance of you personally getting infected right now is low and that the vast majority of the population will survive. Hell, even a vast majority of the elderly and sick will survive.

But it IS more deadly and it IS more virulent than the common flu. It is not overhyping to say that and it is not overhyping to say that you need to prepare.

 

LOL right! Fools and their money.

 

Truth? The entire premise upon which the 'recovery' was founded starting way back in 2008 was little more than a FRAUD-BALLOON! It depended on gigantic increases in money supply, crushed interest rates (even though the demand for credit and cash was huge), and all kinds of Federal Reserve central bank 'magic tricks', including all those "Quantitative-Easings", "Operation Twist", etc.

The 'Great Recession' officially ended in June 2009, but a drug-addict never stops wanting a 'fix' -- so, for years afterward the central bank manipulation continued, and the stock markets ROARED! Now look at it....

We've still got a grotesquely overvalued stock market, even after the recent 'corrections', AND, we've got a very disruptive pandemic virus playing hell with economies throughout the world. Wall Street's ass-kissers -- including Donald Trump -- want negative interest rates, and that would cause millions of people to close out their bank accounts, because why should you keep money in a savings account that pays you NOTHING?!

And what's the Trump response to this 'crisis'...? They're going to cut off travel from Europe for a month -- but everybody from the UK and Ireland can just continue to come on in... right?

So, I'm in Berlin and want to get into the States. How about I simply fly from Tempelhof into London's Heathrow airport, and then start a new travel itinerary which will simply fly me right on into Dulles -- and from Washington D. C. to any other point in the United States?

Afterthought: is it my imagination, or is Donald Trump becoming as STOOPID as Joe Biden...?

 

Right.. or just hop in your car and drive to Heathrow via the Chunnel.

BTW~ Trump has ALWAYS endeavored to persevere "STOOPID"ly in the business world...

 

Holy f***, all of the information on this topic and some still dont get it. Must be willful ignorance. The virus doesn't have to be deadly to wreak havoc on our economy and our daily lives. FFS just read the current events.

 

It's stupider than that. Many of the flights from Asia, Africa or the Middle East to the US stop over at Heathrow for refueling or the passengers get a connecting flight onto the US. But hey, Trump has golf courses in Ireland and Scotland...

 

I have a lot of misinformation and fearmongering out there

 

Oh riiiiight. It's a global conspiracy

 

Nope not at all. Just a dem conspiracy to spread fear...it’s a election year, and you all got nothing else to run on

 

Good luck squaring that with reality.

 

And every country in the world are in on this conspiracy too

 

If so, it's working well.

BTW~Is Trump's immensely puffed up orange look also part of your dem's election year conspiracy? MY but he's Really getting more and more AWFUL to look at! That's certainly going to work against him too, isn't it?

 

At this moment, 1149 EDT, 12 Mar 2020, the Dow Jones Industrial average is down another 2,000 points (at 21,504). The NASDAQ, which remains spectacularly overvalued, is down 546 points, at 7,406.

What's the next move? Can't you see it? Trump and his buddies in the Federal Reserve System will crush interest rates down to a flat ZERO, and the Fed will continue 'printing' imaginary money in even larger volumes than they were already (this idiocy resumed full-strength again as a result of the market's 'repo-crisis' last September). And, next...?

Trump has been bitching and railing for NEGATIVE INTEREST RATES, and that will bring on the death of every savings account in every bank, S&L, and credit union in the United States! I voted for Trump in 2016, but these central bank manipulations designed to rescue stock market gamblers are absolutely INSANE!

 

Exactly! Savings accounts already get literally pennies for interest for every hundred thousand dollars socked away. Who wants to PAY the banks to watch their money?

 

Thanks Donald Trump.

 

As you know, I've tried as hard as I can to defend Trump, especially against attacks that were groundless and unfair.

But, his obvious and blatant pandering to stock market gamblers is more than I can tolerate -- especially when his tactics for doing this are soon going to be costing me THOUSANDS of dollars! Why should we who save money in CD's and other similar accounts be viciously penalized with slashed interest rates at a time when demand for credit and demand for loans, and demand for CASH itself are at all-time highs?

Look at what has happened to household debt in the United States! Link: https://www.reuters.com/article/us-...trillion-and-reaches-new-record-idUSKBN20521Z

Thanks to Trump and the Federal Reserve System central bank, 'heaven and Earth' are being moved to give rescues to people who plunge themselves further and further into debt. Meanwhile, we who responsibly SAVE money get SH!T ON -- repeatedly -- just as we have been getting sh!t on since August 2007!

 

All you had to do was look at his donor base in 2016...hedge fund managers, oil people, and real estate developers. And, what happened in August 2007?

 

August 2007 was when the bottom starting falling out in prelude to "The Great Recession". The signs had been clear (at least to me) since November 2006 what was going to be happening in a few months, and the unraveling started in earnest by the end of Q2 2007.

Federal Reserve Chairman, Ben "Helicopter" Bernanke and his 'insider' henchmen started the first of their slashes at interest rates in August 2007, eventually taking them (federal funds rate) from 5.41% down to 1.09% today.

And from what we're hearing, and from what we've been seeing for the past year with both Trump and the Fed with an additional four interest rate cuts already, the effort to rescue stock market gamblers yet AGAIN will take it down to zero, or even below. They'll do this even at a time when household debt is already the highest in history, and DEMAND for credit is sky-high! Idiocy! Complete counter-intuitive, totally unfair IDIOCY! Rescue the debt-addicts... and screw the savers. IDIOCY!

"If you were a stock market gambler, it would make perfect sense to you!"

 

OK...we share some concerns regarding "The Big Casino." Our industrial giants were largely built by individuals. Then came "public corporations." That was the age of CEO's Are Kings (with a few Queens). But Wall Street and politicians bought off the "corporate royalty" by essentially playing to their greed with tax policies that favored manipulated stock prices, taxed at significantly lower rates than ordinary income. That shifted the focus from corporate performance to financial shenanigans, which was effectively masked by the phrase "stockholder value." That was the entree to financial wizardry and the alchemy that brought on the 2007-2009 Great Recession. Time will tell...but it's possible that, in turn, was simply the prelude to a second global Great Depression.