Augie Posted April 29, 2020 Share Posted April 29, 2020 2 minutes ago, Lurker said: $100 which he couldn't keep, spend or return to his shareholders. It may as well been printed on Elbonian toilet paper... He DID SPEND it. He bought meat from the butcher. He paid that debt in arrears. I suggest you stop, I’m getting embarrassed for you. I will not respond to this again, so you get the last word. I suggest you take a fresh look before doing so. But whatever. Nothing personal, you are looking at the picture and seeing the ugly hag, when there is actually a beautiful Princess there. (Remember that old thing?) Go Bills! Link to comment Share on other sites More sharing options...
Lurker Posted April 29, 2020 Share Posted April 29, 2020 19 minutes ago, Augie said: He DID SPEND it. He bought meat from the butcher. He paid that debt in arrears. I suggest you stop, I’m getting embarrassed for you. I will not respond to this again, so you get the last word. I suggest you take a fresh look before doing so. But whatever. Nothing personal, you are looking at the picture and seeing the ugly hag, when there is actually a beautiful Princess there. (Remember that old thing?) Go Bills! Borrower Lender Item of Value Provided for $100 Loan Collected Dollars Retained by Lender Hotel owner Butcher Meat Yes $100 Butcher Farmer Pig Yes $100 Farmer Co-Op Grain Yes $100 Co-Op Prostitute Personal Services Yes $100 Prostitute Hotel owner Hotel Room Yes $0 If you underwrite loans like this at your bank, I suggest you fire your CFO... Link to comment Share on other sites More sharing options...
Augie Posted April 30, 2020 Share Posted April 30, 2020 4 minutes ago, Lurker said: Borrower Lender Item of Value Provided for $100 Loan Collected Dollars Retained by Lender Hotel owner Butcher Meat Yes $100 Butcher Farmer Pig Yes $100 Farmer Co-Op Grain Yes $100 Co-Op Prostitute Personal Services Yes $100 Prostitute Hotel owner Hotel Room Yes $0 If you underwrite loans like this at your bank, I suggest you fire your CFO... I am ONLY responding because you went to so much effort. This is the point exactly. Nobody MADE any money, but the money circulated. That is what you need in the economy. And everybody was good in the end. If this was my college hoops board, I’d know exactly who to call upon to make this clear with less effort. Some of those guys were Econ professors and have their names on classrooms, and I’m guessing could do better to make this clear. Circulation of money is a big deal. People get scared, don’t spend and it all comes to a screeching halt. That is BAD. VERY BAD! That happened in 2008. We didn’t know if the world would end, so nobody spent anything. I held up on a measly $2,500 landscape lighting project. The guy understood, everybody was cancelling. He couldn’t pay his guys, they couldn’t afford haircuts, the barber had to cut back on purchases, etc. THAT was why we were so screwed! Do you have an Econ background? Never mind, we’ll skip all that. This time I’m done regardless of the amount of effort you put into your response. (I hope ) The circulation of money is a real thing, and it’s a big deal. Certainly not the ONLY thing, but a BIG thing. Link to comment Share on other sites More sharing options...
Lurker Posted April 30, 2020 Share Posted April 30, 2020 3 minutes ago, Augie said: This time I’m done regardless of the amount of effort you put into your response. Me too. I enjoyed the mental gynastics / logic problem of your post, but this is just boring now. The sad reality is that even though money circulated, the hotel owner got screwed as he received nothing in return for his room. Maybe he can work out an arangement with the prostitute to get some kind of compensation, if not of the monetary kind... Link to comment Share on other sites More sharing options...
JohnC Posted April 30, 2020 Share Posted April 30, 2020 2 minutes ago, Augie said: I am ONLY responding because you went to so much effort. This is the point exactly. Nobody MADE any money, but the money circulated. That is what you need in the economy. And everybody was good in the end. If this was my college hoops board, I’d know exactly who to call upon to make this clear with less effort. Some of those guys were Econ professors and have their names on classrooms, and I’m guessing could do better to make this clear. Circulation of money is a big deal. People get scared, don’t spend and it all comes to a screeching halt. That is BAD. VERY BAD! That happened in 2008. We didn’t know if the world would end, so nobody spent anything. I held up on a measly $2,500 landscape lighting project. The guy understood, everybody was cancelling. He couldn’t pay his guys, they couldn’t afford haircuts, the barber had to cut back on purchases, etc. THAT was why we were so screwed! Do you have an Econ background? Never mind, we’ll skip all that. This time I’m done regardless of the amount of effort you put into your response. (I hope ) The circulation of money is a real thing, and it’s a big deal. Certainly not the ONLY thing, but a BIG thing. Augie, I agree with you that the circulation of money is essential in boosting a morbid economy. But what I find stunning is that there are economic reports that show that 40% of the people live paycheck to paycheck to the point that a miniscule unexpected bill can derail a family's budget. As you seem to indicate the little money that the government is sending to people needs to be spent in order to rev up the economy. But another lesson that needs to be learned after this cataclysmic health event is that people need to save more in order to deal with an unexpected financial setback. Don't misunderstand what I am saying here. Many people are doing their best to just hang on and pay their bills. But there also needs to be more awareness to save for an unexpected expenditure in order to avoid a financial collapse at the family level. 1 Link to comment Share on other sites More sharing options...
BringBackFergy Posted April 30, 2020 Share Posted April 30, 2020 Anyone know where I can find a hooker on credit? 2 Link to comment Share on other sites More sharing options...
Augie Posted April 30, 2020 Share Posted April 30, 2020 11 minutes ago, JohnC said: Augie, I agree with you that the circulation of money is essential in boosting a morbid economy. But what I find stunning is that there are economic reports that show that 40% of the people live paycheck to paycheck to the point that a miniscule unexpected bill can derail a family's budget. As you seem to indicate the little money that the government is sending to people needs to be spent in order to rev up the economy. But another lesson that needs to be learned after this cataclysmic health event is that people need to save more in order to deal with an unexpected financial setback. Don't misunderstand what I am saying here. Many people are doing their best to just hang on and pay their bills. But there also needs to be more awareness to save for an unexpected expenditure in order to avoid a financial collapse at the family level. No doubt! People need to learn to live well BENEATH their means. Another lesson from my banking days, FAR too many people plan their lives based upon the best case scenarios. “How great can I have?” Best case doesn’t always happen. When I left college and moved to Hilton Head and got into banking, there was a house I used to ride my bike by with my dogs in chase almost daily. FABULOUS house owned by a partner in one of the biggest law firms. Jags in the driveway, stunningly beautiful wife, I thought I wanted THAT one day. Then......after starting at the bank I saw his wife coming in, tears streaming down her face begging for another 30 days to make the mortgage payment. Offering the jewelry she was wearing for another month. That was eye opening, and in some ways crushing. Live comfortably within your means is my advice. We spend too much, but are basically VERY conservative. 2 Link to comment Share on other sites More sharing options...
plenzmd1 Posted May 7, 2020 Share Posted May 7, 2020 On 4/29/2020 at 8:42 PM, BringBackFergy said: Anyone know where I can find a hooker on credit? @Augie is looking for a side gig to pay for his tuna @Gugny tailgate at the opener. He has Square and can take cards. ( threw the Square in so he will have to spend half a day researching what Sqaure is) NASDAQ positive for the year...man how can that be! 1 2 Link to comment Share on other sites More sharing options...
Nextmanup Posted May 7, 2020 Share Posted May 7, 2020 On 4/27/2020 at 11:10 AM, Irv said: I'm amazed at how the stock market is recovering from the impacts of the pandemic. It's almost gained back half the losses taken during March. Once this virus is behind us, is it unreasonable to think the Dow could be at 35K within a year from now? The people who control it and have a vested interest in seeing it remain healthy always find a way to keep values up, long term. Link to comment Share on other sites More sharing options...
K-9 Posted May 7, 2020 Share Posted May 7, 2020 9 hours ago, plenzmd1 said: @Augie is looking for a side gig to pay for his tuna @Gugny tailgate at the opener. He has Square and can take cards. ( threw the Square in so he will have to spend half a day researching what Sqaure is) NASDAQ positive for the year...man how can that be! In a word? The Fed policies that have been propping it up more than anything. Caught this article today: https://apple.news/A6VufKtXZQmiSFpYq3BOGzg 1 Link to comment Share on other sites More sharing options...
Q-baby! Posted May 8, 2020 Share Posted May 8, 2020 On 4/29/2020 at 8:42 PM, BringBackFergy said: Anyone know where I can find a hooker on credit? Saskatchewan apparently. 1 Link to comment Share on other sites More sharing options...
Back2Buff Posted May 8, 2020 Share Posted May 8, 2020 12 hours ago, K-9 said: In a word? The Fed policies that have been propping it up more than anything. Caught this article today: https://apple.news/A6VufKtXZQmiSFpYq3BOGzg Really good article. This is the most important part people are not realizing hasn't hit yet: Quote “If we haven’t hit the bottom yet, things will get very, very bad, because then you’ll see a lot of cascading effects where a hedge fund will blow up, which means the pension fund that is invested in the hedge fund now has to take that loss, which means they have to de-risk, so they have to move out of equities,” the Goldman associate said. “There’s a very real possibility that people could get washed out, not just retail investors, but everybody.” Pension funds within struggling companies can swing the marker immensely. Lot's of these companies who file for bankruptcy will be to get out of pensions. Link to comment Share on other sites More sharing options...
plenzmd1 Posted June 5, 2020 Share Posted June 5, 2020 On 4/27/2020 at 9:40 PM, ICanSleepWhenI'mDead said: I share the amazement, but interpret what it means much differently. My guess is that most computer investing models look at recent stock market drops, see a lot of "V-shaped" recoveries, and blindly predict that this time will be the same. But in my personal opinion, it's not the same. The state governors can react to vocal criticism by a minority of consumers and by their big-money business-owning donors who are losing profits, by allowing the economy to re-open, but the average consumer is NOT going to immediately resume the same spending habits they had before the pandemic. If we get a re-test of the recent lows, and those lows hold, I'll consider buying stocks - - not before then. And FWIW, I take the general optimism about stocks in this thread as a pretty reliable contrary indicator. Time will tell. Your mileage may vary. Do not try this at home. Professional driver on closed course. Consult your physician for a complete list of all side-effects. Full disclosure - - I have occasionally been called an idiot by both my significant other and by prior insignificant others. Man, this is crazy. Back to about even for the year, which I would have thought was gunna take at least 18 months, we have done it in 2. And i am not saying this sarcastically, i hope you jumped in at some point Sleepdead! Having said that, looks like we will be taking some hedge on the downside..not over yet i dont think 1 Link to comment Share on other sites More sharing options...
K-9 Posted June 5, 2020 Share Posted June 5, 2020 40 million unemployed and the times they are a boomin! Yippee!! 1 Link to comment Share on other sites More sharing options...
Jauronimo Posted June 5, 2020 Share Posted June 5, 2020 38 minutes ago, K-9 said: 40 million unemployed and the times they are a boomin! Yippee!! Gotta love the market. Daily new cases of COVID are flat - market pumps. Rioting has slowed down - market pumps. Unemployment not as bad as the massive predictions - market pumps. 2 Link to comment Share on other sites More sharing options...
K-9 Posted June 5, 2020 Share Posted June 5, 2020 1 minute ago, Jauronimo said: Gotta love the market. Daily new cases of COVID are flat - market pumps. Rioting has slowed down - market pumps. Unemployment not as bad as the massive predictions - market pumps. Two trillion dollar injection of liquidity by the taxpayers, the market pumps. 2 Link to comment Share on other sites More sharing options...
MarkyMannn Posted June 5, 2020 Share Posted June 5, 2020 OMG May jobless claims will be AWFUL. OOOPS media got that one wrong. My company has everyone back and hiring more. I was fortunate to get out early in the bear and back in early in the bull market. Plus check out airline and cruise stocks. SAVE, LUV, DAL, CCL, NCLH. Casino stocks may be next up Whatever you do stay away from weed stocks. Been there learned hard lesson 1 Link to comment Share on other sites More sharing options...
ICanSleepWhenI'mDead Posted June 5, 2020 Share Posted June 5, 2020 2 hours ago, plenzmd1 said: Man, this is crazy. Back to about even for the year, which I would have thought was gunna take at least 18 months, we have done it in 2. And i am not saying this sarcastically, i hope you jumped in at some point Sleepdead! Having said that, looks like we will be taking some hedge on the downside..not over yet i dont think I have to admit that at least in the short term, I could not have been more wrong about what the stock market would do. I'm old enough, and have saved/invested enough over the years, that at this point in my life I'm more concerned about return OF my capital than return ON my capital. That personal circumstance probably skews my market views so that I am more financially conservative than the average investor these days, and certainly more conservative than I was when I was younger. For most of my adult life I was fully invested in the stock market, with one notable exception - - I got completely out about a year before the dot-com bubble broke and jumped fully back in near the bottom a few years later shortly after Time, Newsweek and US News & World Report all had cover stories about how terrible the bear market had become. I've also generally taken a pretty contrarian approach with respect to the particular stocks I bought, and that has served me well in the long term. I've never been a short-term trader. I have a tendency to stubbornly stand by my investing convictions in the absence of significant changes that affect Main Street, no matter what Wall Street is doing, and that is the case here. I did not get back in the stock market after my post up-thread. I didn't like the risk/reward proposition for buying stocks then, and I think it's even worse now. Given my overall contrarian approach to investing, I can't justify putting money into stocks at time when the market is practically booming at the tail end of one of the longest bull markets in history while the outlook for Main Street is pretty dismal. If I miss further short-term market upside as a result, I'm OK with that. Even though I'm likely to remain out of the stock market for quite a while, I try to at least occasionally read articles that seek to make sense of market trends. I don't know anything about the author, but this recent one was thought-provoking: https://www.theatlantic.com/ideas/archive/2020/06/3-keys-understanding-strangest-economy-ever/612373/?utm_source=pocket-newtab Good luck with your own investments Plenzmd1. Link to comment Share on other sites More sharing options...
plenzmd1 Posted June 5, 2020 Share Posted June 5, 2020 @ICanSleepWhenI'mDead, if i knew how to time the market i would be wealhty man! Ask @Augie, who was getting my texts daily early in this crisis my level of anxiety in mid-to-late March was pretty high. We really did nothing much, i am pretty hands off and let our advisor pretty much handle everything...and what he did was take some stocks with losses and sell those and rotated into other stocks in the same sector to lock in some loses. Our portfolio has always been a little overweighted in Tech and Nasdaq, so never had quite the downside hit some others felt, but on a day like today also not having the huge pop either. Good luck to all of us ...more money in all our pockets mean more spending! BTW, if i wass runnig my own stuff, would have shorted TSLA at 500 like a mofo. 1 Link to comment Share on other sites More sharing options...
K-9 Posted June 5, 2020 Share Posted June 5, 2020 1 hour ago, MarkyMannn said: OMG May jobless claims will be AWFUL. OOOPS media got that one wrong. My company has everyone back and hiring more. I was fortunate to get out early in the bear and back in early in the bull market. Plus check out airline and cruise stocks. SAVE, LUV, DAL, CCL, NCLH. Casino stocks may be next up Whatever you do stay away from weed stocks. Been there learned hard lesson The media did not get that wrong, the economists who forecasted those statistics got it wrong. It’s more accurate to blame the actual sources. 1 Link to comment Share on other sites More sharing options...
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