There should be a national dialogue in getting back to work

[Deranged Rhino]

 

[Buffalo_Gal]

From the news article linked:
 

Early data from coronavirus tests of Minnesotans who participated in demonstrations after the death of George Floyd suggest the mass gatherings may not result in a spike in COVID-19 infections.
 

More than 3,300 people who participated in protests and community events after Floyd’s death were tested for the coronavirus this week at four community testing sites.
 

Results from about 40 percent of the coronavirus tests done in St. Paul and Minneapolis this week show 1.4 percent of participants who were tested had contracted COVID-19. Health officials are awaiting the rest of the test results and are encouraging anyone who participated in mass gatherings to get tested — regardless of symptoms.
 

The 1.4 percent positivity rate is lower than the 3.7 positivity rate of the more than 13,000 test results reported Friday. It is lower than the current seven-day average rate of positive tests, which is also 3.7 percent.
 

</snip>

 

[SoCal Deek]

2 minutes ago, Buffalo_Gal said:

From the news article linked:
 

Early data from coronavirus tests of Minnesotans who participated in demonstrations after the death of George Floyd suggest the mass gatherings may not result in a spike in COVID-19 infections.
 

More than 3,300 people who participated in protests and community events after Floyd’s death were tested for the coronavirus this week at four community testing sites.
 

Results from about 40 percent of the coronavirus tests done in St. Paul and Minneapolis this week show 1.4 percent of participants who were tested had contracted COVID-19. Health officials are awaiting the rest of the test results and are encouraging anyone who participated in mass gatherings to get tested — regardless of symptoms.
 

The 1.4 percent positivity rate is lower than the 3.7 positivity rate of the more than 13,000 test results reported Friday. It is lower than the current seven-day average rate of positive tests, which is also 3.7 percent.
 

</snip>

 

That’s because it was primarily young people who’d been locked in their parent’s homes playing video games for weeks on end.

[Rob's House]

 

[Buffalo_Gal]

Just now, SoCal Deek said:

That’s because it was primarily young people who’d been locked in their parent’s homes playing video games for weeks on end.

Possibly. Or it could be locking people down was not a good idea? Or, COVID-19 isn't cooties that will jump from person to person simply by standing next to them? Or, relatively young, healthy people have little to fear from COVID-19? Or, heat and humidity kill it? Or...

IOW, "experts" don't know *****. 

 

[SoCal Deek]

Just now, Buffalo_Gal said:

Possibly. Or it could be locking people down was not a good idea? Or, COVID-19 isn't cooties that will jump from person to person simply by standing next to them? Or, relatively young, healthy people have little to fear from COVID-19? Or, heat and humidity kill it? Or...

IOW, "experts" don't know *****. 

 

They know WAY WAY more than you think. They just aren’t telling anyone out of fear they’ll be proven wrong.

[Magox]

1 hour ago, B-Man said:

 

SOUNDS LIKE A V-SHAPED RECOVERY IS POSSIBLE:

 

 

 

 

 

 

 

 

Possible but not sure how likely.  It all depends on the businesses that are permanently gone.  If there are a sizable number of those, then those don't get replaced overnight.  What Wells Fargo is describing wouldn't a V.  As they don't expect 6% unemployment for another 18 months

[Tiberius]

37 minutes ago, Deranged Rhino said:

 

LOL, not socialism anymore

[3rdnlng]

1 hour ago, Tiberius said:

LOL, not socialism anymore

So, cutting taxes is socialism?

[B-Man]

1 minute ago, 3rdnlng said:

So, cutting taxes is socialism?

 

 

No.

 

Tibsy is unable to distinguish between Pelosi/Democrat's trillion dollar effort (which did everything BUT help small business)

 

 

 

and the current effort to help the economy.

 

 

 

so he throws in one of his misunderstandings as a fact.

 

 

[Tiberius]

5 minutes ago, 3rdnlng said:

So, cutting taxes is socialism?

More spending less revenue, socialism socialism socialism 

[Magox]

Paging @GG

 

Quote

 

The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is purchasing, the central bank announced Monday.

As part of a continuing effort to support market functioning and ease credit conditions, the Fed added functions to its Secondary Market Corporate Credit Facility.

 

The program has the ability to buy up to $750 billion worth of corporate credit. Its March 23 initial announcement is largely considered a watershed moment for the financial markets, reeling from the coronavirus threat spread.

Under the latest guidelines, the Fed said it will buy, on the secondary market, individual bonds that have remaining maturities of five years or less. Those purchases will go along with the ETFs the Fed already has been buying, which are balanced toward investment-grade indexes but also include some junk bond funds that track debt which had been investment grade before the crisis but had been downgraded after.

 

 

 

I had a feeling.

[ALF]

2 hours ago, Deranged Rhino said:

 

 

How will a tax cut for those working help the millions of unemployed  and businesses going under ?

[123719bwiqrb]

12 minutes ago, Magox said:

Paging @GG

 

 

 

I had a feeling.

...that tonight's gonna be a good, good night?

 

They are just quietly sweeping trash under the COVID rug, right?

[GG]

11 minutes ago, Magox said:

Paging @GG

 

 

 

I had a feeling.

 

Read the fine print:

 

Quote

The index will be made up of all the bonds in the $9.6 trillion corporate debt market from companies that satisfy the lending program’s minimum ratings and securities that satisfy the maximum maturities, among other eligibility criteria.

 

They're pumping money into the healthy part of the corporate debt market.  The hope is that maybe this free up enough liquidity for the banks to prop up the weaker end of the market until things stabilize.

[Magox]

Just now, GG said:

 

Read the fine print:

 

 

They're pumping money into the healthy part of the corporate debt market.  The hope is that maybe this free up enough liquidity for the banks to prop up the weaker end of the market until things stabilize.

 

Right, but the intended goal is for money to flow to these markets as well.

 

This wasn't meant to be a "told you so".

 

But more so that this is the direction we are headed.  It's clear that they are entering into things that were unimaginable just a few months ago.

2 minutes ago, 123719bwiqrb said:

...that tonight's gonna be a good, good night?

 

They are just quietly sweeping trash under the COVID rug, right?

 

It's more of a:

 

 

- We're gonna do whatever it takes to repair this economy as quickly as we can by the means we have control over - 

[123719bwiqrb]

Just now, Magox said:

 

Right, but the intended goal is for money to flow to these markets as well.

 

This wasn't meant to be a "told you so".

 

But more so that this is the direction we are headed.  It's clear that they are entering into things that were unimaginable just a few months ago.

 

Forgive my ignorance, but is this a way to level the playing field with the Chinas of the world?  Become a little more manipulative like they already are?

[Magox]

Just now, 123719bwiqrb said:

 

Forgive my ignorance, but is this a way to level the playing field with the Chinas of the world?  Become a little more manipulative like they already are?

 

Is there a potential moral hazard here?

 

Perhaps

 

My views on the Fed and debt have shifted markedly and is definitely not aligned with the boards conservatives. 

[fansince88]

2 hours ago, Buffalo_Gal said:

From the news article linked:
 

Early data from coronavirus tests of Minnesotans who participated in demonstrations after the death of George Floyd suggest the mass gatherings may not result in a spike in COVID-19 infections.
 

More than 3,300 people who participated in protests and community events after Floyd’s death were tested for the coronavirus this week at four community testing sites.
 

Results from about 40 percent of the coronavirus tests done in St. Paul and Minneapolis this week show 1.4 percent of participants who were tested had contracted COVID-19. Health officials are awaiting the rest of the test results and are encouraging anyone who participated in mass gatherings to get tested — regardless of symptoms.
 

The 1.4 percent positivity rate is lower than the 3.7 positivity rate of the more than 13,000 test results reported Friday. It is lower than the current seven-day average rate of positive tests, which is also 3.7 percent.
 

</snip>

 

Yet we cant have 4th of July fireworks. Sad.

[GG]

2 minutes ago, 123719bwiqrb said:

 

Forgive my ignorance, but is this a way to level the playing field with the Chinas of the world?  Become a little more manipulative like they already are?

 

Abso ***** lutely not!