Magox Posted June 15, 2020 Author Posted June 15, 2020 Lots of data coming in suggesting that the hole the economy is in may not have been as deep as once feared. This is an analysis that seems to be lacking out in the economic circles. The discussion is primarily revolved around the speed of the recovery, which of course is a very important component. However, there are other variables and the other variable is the depth of the hole that we are in. The Jobs numbers that came in this past month showed that we have about 10 million more jobs than where we feared we would be. Here is another good report. Quote Manufacturing activity snapped back to life in the New York area this month as optimism for future activity hit its highest in almost 11 years. The Empire State Manufacturing Survey posted a reading of -0.2 in June after hitting record lows in the previous two months. The gauge measures the percentage firms reporting expansion against those seeing contraction and is up 48.3 points from May. Economists surveyed by Dow Jones had expected a reading of -35. Monthly improvement came across the board, with the most glaring increase coming in the index of future business conditions. That level rose to 56.5, it’s highest level since October 2009 as 68.6% of firms see expansion ahead against just 12.1% that see contraction. The June reading represents a rise off the bottom reached as the coronavirus pandemic crushed the regional economy, but overall still reflects a standstill in growth vs. the sharp contractions seen in the past two months. This is good stuff 1 4
KRC Posted June 15, 2020 Posted June 15, 2020 22 hours ago, Buffalo_Gal said: One of the reasons someone chooses to go to a school like Harvard is for the connections you make. My husband has always called his MBA a business transaction (I give you XX dollars, you give me a diploma), but this takes that to another level (my son is not quite so cynical and felt he learned stuff at school when he got his MBA). I definitely learned stuff during my MBA program. You had to work to get it. Nothing was handed to you. 1
Cinga Posted June 15, 2020 Posted June 15, 2020 1 hour ago, Buffalo_Gal said: Of course we know that any spike this week in cities that have had demonstrations is because of the Trump Rally that is being held in Tulsa next weekend! 1 1
B-Man Posted June 15, 2020 Posted June 15, 2020 Oh bless you King Andrew, thank you for your generosity.......... 2
Buffalo_Gal Posted June 15, 2020 Posted June 15, 2020 12 minutes ago, B-Man said: Oh bless you King Andrew, thank you for your generosity.......... It does not matter how pissed off people are if the GOP does not run a reasonable person for Governor in 2022, and if the RNC does not help that person. Cuomo will be reelected if he runs, as things stand now. I am hopeful the RNC sees a chance, but I doubt it.
Buffalo_Gal Posted June 15, 2020 Posted June 15, 2020 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> 3
SoCal Deek Posted June 15, 2020 Posted June 15, 2020 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. 1
Buffalo_Gal Posted June 15, 2020 Posted June 15, 2020 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 *****. 2
SoCal Deek Posted June 15, 2020 Posted June 15, 2020 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. 1
Magox Posted June 15, 2020 Author Posted June 15, 2020 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 1
Trump_is_Mentally_fit Posted June 15, 2020 Posted June 15, 2020 37 minutes ago, Deranged Rhino said: LOL, not socialism anymore
3rdnlng Posted June 15, 2020 Posted June 15, 2020 1 hour ago, Tiberius said: LOL, not socialism anymore So, cutting taxes is socialism?
B-Man Posted June 15, 2020 Posted June 15, 2020 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.
Trump_is_Mentally_fit Posted June 15, 2020 Posted June 15, 2020 5 minutes ago, 3rdnlng said: So, cutting taxes is socialism? More spending less revenue, socialism socialism socialism
Magox Posted June 15, 2020 Author Posted June 15, 2020 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.
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