There should be a national dialogue in getting back to work

[dubs]

11 minutes ago, Boatdrinks said:

Most. The local news outlets are all pushing the results of this poll, as they know polls are used to shape public opinion. One local tv station also mentioned that “ only self identified conservatives” thought that waiting too long to reopen was a bigger problem. As if they don’t matter and are obviously being unreasonable. I’m not shocked at the results of the poll because most of those who are for staying closed down are all too willing to sacrifice their freedoms in exchange for a government check. The story also stated that a large percentage of those who said too early had lost a job. The correlation is pretty strong. They don’t care about their job, working, or if jobs return. The government will bail them out ! 

 

The longer this goes on and the more we know (and the less we hear from the media) the more apparent this whole thing was in fact, somewhat of a "hoax".  Not that it exists or is deadly, but the extent to which this has been pushed as a game-changer is a hoax.

 

Think about it.  We have seen a complete shutdown of the economy, a citizenry that has been scared into submission, a government that has been all too willing to become more and more authoritarian (especially at the state and local level) and a media all too eager to push a narrative that it's either submit or die.  For what reason?  Is it really to prevent exposure to a disease that according the CDC models will have a death rate of 0.29% for all citizens?  That number doesn't even account for the fact that there is a possibility that the numerator in this percentage is likely too high given the financial incentives in the CARES Act to quantify every death as "Covid Related".

 

People need to wake up.

[B-Man]

 

LOOKS THAT WAY: Trump wins the lockdown wars.

 

President Trump has won the lockdown wars as coronavirus-related restrictions on businesses are eased across the country, so far with few signs of dire health consequences for the population.

 

Just weeks ago, the question was whether to reopen, with the first states to press ahead accused of engaging in human sacrifice and killing their residents to appease the “Trump death cult.” New York Times columnist Paul Krugman asked, “How many will die for the Dow?” as recently as Thursday.

 

Now, the debate is primarily over how quickly and to what extent reopening should take place, with the stragglers mainly blue states. Anthony Fauci, considered by many the public face of stay-at-home policies, now says the country can’t stay locked down forever. When Trump’s Easter target date was deemed unrealistic, Memorial Day weekend was floated as another possibility — and the grand opening is beginning.

 

Whether Trump wins reelection now depends substantially on how the reopening is perceived. Voters are still nervous about returning to normal too quickly, including key Trump demographics such as senior citizens, who have been trending Democratic during the pandemic, and religious voters, among whom there has been some slippage in favorability for Trump. But a Harvard/Politico poll found that 60% of Republicans now want nonessential businesses to open up in their states, following the president’s lead. Trump is betting heavily that reopening will lead to an economic rebound without deepening the public health crisis.

 

 

I think that’s a good bet, but not a sure thing, because nothing is.

 

 

 

[B-Man]

IT’S OVER: Disney World Is Reopening in July.

 

 

 

 

 

 

LEFTISTS ACT THIS WAY BECAUSE THE MEDIA SANCTIFY THEIR RAGE AND THEY SELDOM EXPERIENCE ANY CONSEQUENCES:

 

 

 Lockdown Derangement Syndrome: College Professor Snaps And Attacks NY Talk Show Host At Rally.

 

[shoshin]

48 minutes ago, B-Man said:

IT’S OVER: Disney World Is Reopening in July.

 

 

 

If WDW is opening, they might as well open everything. I love WDW but you're about as safe french kissing a bat in a wet market as avoiding germs there.

 

I bet the farm they will have rapid tests to gain entry. 

Edited May 27, 2020 by shoshin

[RiotAct]

imagine wearing a mask all day at Disney World.

[shoshin]

1 minute ago, RiotAct said:

imagine wearing a mask all day at Disney World.

 

They'd be goofy to require that. 

[Magox]

Another sign the economy is opening up.  Still a ways off but improving...I would expect to see this sort of incremental improvement to accelerate over the coming months.  I wouldn't be surprised if by September we are at 75%+ of last year's numbers.

 

 

[Chef Jim]

5 hours ago, IDBillzFan said:

 

I'm in the process of a re-fi to a 15 year to take advantage of these ridiculous rates, and my money guy said the re-fi market is crazy busy for him, but he's got us in a holding pattern as rates tend do go down as we get closer to an election. I'm waiting to see what rates we're looking at this morning, as they have been all over the map and VERY difficult to lock down for any length of time. This is the first time I've ever had all my paperwork in and still haven't locked on a rate yet.

 

And yeah, I know, I'm not a money guy and I'm sure some money guys will tell me my money guy is wrong, but I don't give a schitt. There is little squabbling from me if I have to choose 2.8% or hold out for 2.5% mortgage. 

 

When you amortize it over 15 years the difference between 2.8% and 2.5% is likely "pennies".  I say let's look at the big picture.  If you're going from say 25 years left on a 30 year down to 15 let's see how those last 10 years of no mortgage will effect your plan that far down the road.  When money planning it's not so much how your decisions effect your plan month to month as it is how will your decisions you make today effect your plan down the road.  Now I understanding your talking about 6 months but you have no idea what rates will be then. 

 

***The above remarks were for entertainment value and do not constitute a recommendation. Your results may vary.**

1 hour ago, shoshin said:

 

They'd be goofy to require that. 

 

Why did Mickey Mouse want to divorce Minnie Mouse?

 

She was ***** Goofy. 

[OldTimeAFLGuy]

1 hour ago, Chef Jim said:

 

When you amortize it over 15 years the difference between 2.8% and 2.5% is likely "pennies".  I say let's look at the big picture.  If you're going from say 25 years left on a 30 year down to 15 let's see how those last 10 years of no mortgage will effect your plan that far down the road.  When money planning it's not so much how your decisions effect your plan month to month as it is how will your decisions you make today effect your plan down the road.  Now I understanding your talking about 6 months but you have no idea what rates will be then. 

 

 

 

 

...nice assessment and I agree 'Chef.....depending upon where you are now, I'd say pull the plug........

[IDBillzFan]

1 hour ago, Chef Jim said:

 

When you amortize it over 15 years the difference between 2.8% and 2.5% is likely "pennies".  I say let's look at the big picture.  If you're going from say 25 years left on a 30 year down to 15 let's see how those last 10 years of no mortgage will effect your plan that far down the road.  When money planning it's not so much how your decisions effect your plan month to month as it is how will your decisions you make today effect your plan down the road.  Now I understanding your talking about 6 months but you have no idea what rates will be then. 

 

That was my thinking. No sense waiting if I can lock on 2.7% at 15, but the 30 is about to drop below 3% as well, and I've been toying with the idea of getting another piece of property here. Trying to decide if I want something on the water or something near the ski slope, turn it into a rental, but if I can drop my mortgage payment to a lower rate, it frees up cash for the other property.

 

In the end, the larger issue is I'm not leaving the house I'm in. I'll die here. 

[OldTimeAFLGuy]

7 minutes ago, IDBillzFan said:

 

That was my thinking. No sense waiting if I can lock on 2.7% at 15, but the 30 is about to drop below 3% as well, and I've been toying with the idea of getting another piece of property here. Trying to decide if I want something on the water or something near the ski slope, turn it into a rental, but if I can drop my mortgage payment to a lower rate, it frees up cash for the other property.

 

In the end, the larger issue is I'm not leaving the house I'm in. I'll die here. 

 

 

...those potential objectives put a different perspective on the picture bud.....full time rental or partial rental/personal use?......I'm assuming in your locale that you can get decent rental rates albeit waterfront or ski type lodging.....you could perhaps (I don't have enough info) structure everything so that cash flow from rental income leaves your net "out of pocket" as minimal for all properties......

[B-Man]

 

 

SPORTS LEAGUES MOVING TOWARDS REOPENING, EXCEPT FOR BASEBALL

?

 

 

 

[Chef Jim]

1 hour ago, IDBillzFan said:

 

That was my thinking. No sense waiting if I can lock on 2.7% at 15, but the 30 is about to drop below 3% as well, and I've been toying with the idea of getting another piece of property here. Trying to decide if I want something on the water or something near the ski slope, turn it into a rental, but if I can drop my mortgage payment to a lower rate, it frees up cash for the other property.

 

In the end, the larger issue is I'm not leaving the house I'm in. I'll die here. 

 

This opens up a ton of questions mostly regarding cash flow.  And when I say cash flow I'm talking about starting today to the day you die and how to have the best lifestyle today and when you stop or cut way back on working.  I like telling people it's not about becoming rich it's about not becoming poor.  

[B-Man]

 

 

Skaters Send Message to Government Agents Who Filled Their Parks With Sand.

 

 

 

[IDBillzFan]

3 hours ago, OldTimeAFLGuy said:

 

 

...those potential objectives put a different perspective on the picture bud.....full time rental or partial rental/personal use?......I'm assuming in your locale that you can get decent rental rates albeit waterfront or ski type lodging.....you could perhaps (I don't have enough info) structure everything so that cash flow from rental income leaves your net "out of pocket" as minimal for all properties......

 

Partial rental/personal use. Which is why I lean toward ski lodging. My boat will sit in a slip a mile from my house. I'd be more apt to use a ski house because the drive is not nearly as convenient, so it would be a long weekend thing.

2 hours ago, Chef Jim said:

 

This opens up a ton of questions mostly regarding cash flow.  And when I say cash flow I'm talking about starting today to the day you die and how to have the best lifestyle today and when you stop or cut way back on working.  I like telling people it's not about becoming rich it's about not becoming poor.  

 

I do know this, but I have some other things happening in my life right now that play a role in what I ultimately do long term with other property What I'm doing now, and only right now, is trying to take advantage of a two-percent drop in my my mortgage; if that is a 15 or a 30 will play out in the next few weeks when things come into focus.

 

That's enough personal sharing for now. I'm not very smart, but I'm not very dumb. I'm just the single most blessed man in the world with options.

[Magox]

This is an interesting factoid from the CEO of BOA 

 

Quote

 

“The real difference is the amount of stimulus that has gone into the economy,” Moynihan said.

Checking accounts below $5,000 in average balances actually had 30% to 40% more money in them compared with 12 weeks ago, he said.  

 

 

 

Wow! This certainly suggests that there is a lot fuel for the pent-up-demand argument.  It's one thing if a wealthy person has 30-40% higher balance in his account, as they aren't as likely to spend the money as someone who has less than $5,000.  

 

And then there is this;

 

Quote

 

The U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC.

Moynihan cited consumer spending figures from the millions of households using his lender’s credit and debit cards: While transactions collapsed by about 30% in April, it was down by only 5% to 10% in May.

 

“You’re starting to see the economy come out of the hole,” Moynihan told CNBC’s Becky Quick on Squawk Box. ”You’re seeing us come out of the depths of where we were in April, and that’s good news.”

 

 

 

This strongly suggests that the rebound is well on it's way and that the stimulus checks and emergency unemployment benefits have been effective at staving off human financial catastrophe.  Now, they got to get them back to work.  

[RochesterRob]

9 minutes ago, Magox said:

This is an interesting factoid from the CEO of BOA 

 

 

 

Wow! This certainly suggests that there is a lot fuel for the pent-up-demand argument.  It's one thing if a wealthy person has 30-40% higher balance in his account, as they aren't as likely to spend the money as someone who has less than $5,000.  

 

And then there is this;

 

 

 

This strongly suggests that the rebound is well on it's way and that the stimulus checks and emergency unemployment benefits have been effective at staving off human financial catastrophe.  Now, they got to get them back to work.  

  I'd be more excited about the CEO's observation if the cash build up was not from unusual circumstances like a wage earner stuck at home.  Over 35 million out of work since the shutdown started in Mid-March is a huge problem that is not going to sort itself out in the next few weeks.

[Magox]

4 minutes ago, RochesterRob said:

  I'd be more excited about the CEO's observation if the cash build up was not from unusual circumstances like a wage earner stuck at home.  Over 35 million out of work since the shutdown started in Mid-March is a huge problem that is not going to sort itself out in the next few weeks.

 

No one claimed it would.

[SoCal Deek]

3 minutes ago, RochesterRob said:

  I'd be more excited about the CEO's observation if the cash build up was not from unusual circumstances like a wage earner stuck at home.  Over 35 million out of work since the shutdown started in Mid-March is a huge problem that is not going to sort itself out in the next few weeks.

Yes and no. I’ll be curious as to how many hospitality workers will get their jobs back almost immediately.  I’m guessing it’s many millions. That’s an industry that doesn’t need to build new buildings or restart a supply chain. That industry, especially with summer here, is 100% ready to go, as long as government gets its boot off their throat.

[Warren Zevon]

12 hours ago, B-Man said:

 

 

Skaters Send Message to Government Agents Who Filled Their Parks With Sand.

 

 

 

 

sk8 or die