A Frugal Man’s guide to the CORONADEPRESSION

[Kane]

http://www.sca.isr.umich.edu/



But we should wait. To see how the last bill turns out. Because that is the prudent and right thing to do.

[Spider]

So far, as best I can tell, the market simply ignore bad news and pump on the slightest bit of good news. Or even news that's not quite as bad as they thought. Markets are completely irrational. we can talk about insane unemployment insane consumer sentiment insane volatility insane lost productivity insane socialist propping up failing businesses that are meant to be selected against in the proper capitalistic darwinian sense.

And I totally agree with your analysis Kane. and I totally agree with all the technical analysis nerds getting super sweaty while endlessly sketching lines and resistance points and Fibonacci regressions and everything all over their charts. every single metric, every single piece of historical evidence, and every bit of logic dictates this is a bull trap and it supposed to come crashing down at any time.

But all these people with big shorts, all those options trading gamblers with big puts, anybody actually trying to profit from a properly capitalistic market are getting absolutely ass-f***** because Jerome Powell just buys every goddamn thing they try to short. The market is not allowed to go down. every day we're supposed to get some bad news about oil or bad news about employment or bad news about whatever... out comes a bunch more money. Or out comes a trump tweet. Even if it's a bald-faced lie. And the markets irrationally rally. And then they say oh this can't last forever. They're just kicking the can down the road. Eventually it's always going to fall apart and it's going to be spectacular. but then I wonder if they're actually going to be able to successfully bridge the gap and actually engineer a v-shaped recovery out of this. I mean this is an election year for f**k. If it cost five trillion dollars to get Trump re-elected and that's what it f****** costs right?

( Dictated on phone sorry (

[exploited]

Short-sellers made $400b in a month.

[John Galt]

i don't agree with the premise that millenials are now a Lost Generation but there are many valid points

https://www.theatlantic.com/ideas/archi ... on/609832/

[Kane]

I think people need to consider the idea that what was at one time a "once in a lifetime" event may start to happen more frequently. As with the floods, the hurricanes, etc. things are changing fast and our ability to adapt and address these changes is diminishing due to the rise of nationalist populism.

[NAB]

[Spider]

[Kane]

It's still way too early. People don't quite grasp the severity of it yet because it feels so surreal. Two plus months of social distancing and sheltering in place will really start to strain systems/demographics. And with the GOP hesitant to initiate another spending bill it's not looking good. And Trump spouting random bullshit about "opening up the economy" probably doesn't help people to prepare for what's coming. We aren't looking at a "true normal" until a vaccine is developed and administered and until testing dramatically ramps up. Trump's own administration is abandoning a federal approach to testing because they can't figure it out.

Now he's all pissed because coastal governors are taking the reigns and grouping together to secure their own supplies undercutting his authority on the topic. And he wants to believe that he has the power to open up state's economies and remove shelter in place lol.

Just an absolute shit show.

[Spider]

[Kane]

https://thehill.com/policy/finance/hous ... -dont-have

Ben Carson is trying to get some help for the nonbank mortgage servicers. Probably nearing the end days for them.