CousinsCowgirl84 Posted April 20, 2020 Share Posted April 20, 2020 1 hour ago, LD0506 said: someone has to tell the workers what to do. Link to comment Share on other sites More sharing options...
Supernatural24 Posted April 20, 2020 Share Posted April 20, 2020 (edited) On 4/17/2020 at 12:27 PM, No Excuses said: People like Elizabeth Warren have been correct about the fundamental flaws of our economy for the past twenty years, yet they remain out of influential power and the ghouls who support this very flawed system keep finding themselves in control of economic policy again and again. Larry Kudlow is still somehow a thing after he wasn't completed disgraced in 2007 for laughably wrong statements. Larry Kudlow is still somehow a thing after he wasn't completed disgraced in 2020 for more laughably wrong statements. Warren says 20 years because that's when she realized it was broken. The trickle-down lie goes back 40 years when Reagan told Americans the sky was green and Americans voted for his insanity twice, while our neoliberal friends in the Democratic party said cool. We are effed unless some drastic changes happen to the economy in this country. Punishing corruption isn't enough. Edited April 20, 2020 by Supernatural24 1 Link to comment Share on other sites More sharing options...
Sacks 'n' Stuff Posted April 20, 2020 Share Posted April 20, 2020 (edited) Oil collapsed. Edited April 20, 2020 by Sacks 'n' Stuff Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted April 20, 2020 Share Posted April 20, 2020 That can’t be good. Link to comment Share on other sites More sharing options...
No Excuses Posted April 20, 2020 Share Posted April 20, 2020 (edited) Wasn’t the DOTARD bragging about some agreement he reached with MBS and Putin to stabilize oil prices? Could it be that he is in fact an idiot and a pathological liar? Edited April 20, 2020 by No Excuses 1 1 3 Link to comment Share on other sites More sharing options...
skinfan2k Posted April 20, 2020 Share Posted April 20, 2020 Oil down to 16 cents per barrel. Lets go baby. Change to electric or hydrogen! 1 Link to comment Share on other sites More sharing options...
FanboyOf91 Posted April 20, 2020 Share Posted April 20, 2020 (edited) -1.43....no, now -2.10... Edited April 20, 2020 by FanboyOf91 Link to comment Share on other sites More sharing options...
Corcaigh Posted April 20, 2020 Share Posted April 20, 2020 8 minutes ago, skinfan2k said: Oil down to 16 cents per barrel. Lets go baby. Change to electric or hydrogen! Free energy should be good for at least some parts of the economy. 18 minutes ago, No Excuses said: Wasn’t the DOTARD bragging about some agreement he reached with MBS and Putin to stabilize oil prices? Could it be that he is in fact an idiot and a pathological liar? Just imagine how much worse it would have been without his intervention. Link to comment Share on other sites More sharing options...
Mr. Sinister Posted April 20, 2020 Share Posted April 20, 2020 Well maybe now things will get interesting. If Wall Street/Big oil have no use for him, maybe he just might "Accidentally " die of heart failure. Link to comment Share on other sites More sharing options...
Larry Posted April 20, 2020 Share Posted April 20, 2020 3 minutes ago, Corcaigh said: Free energy should be good for at least some parts of the economy. I would think "every single part except the oil companies". Every other industry on the planet is an energy consumer. Link to comment Share on other sites More sharing options...
Die Hard Posted April 20, 2020 Share Posted April 20, 2020 4 minutes ago, FanboyOf91 said: -1.43....no, now -2.10... So does that mean gas stations will pay me to fill up my tank? 😂 1 1 Link to comment Share on other sites More sharing options...
FanboyOf91 Posted April 20, 2020 Share Posted April 20, 2020 Now it's -10.00. 1 Link to comment Share on other sites More sharing options...
Momma There Goes That Man Posted April 20, 2020 Share Posted April 20, 2020 The numbers Mason, what do they mean!?? 1 1 Link to comment Share on other sites More sharing options...
FanboyOf91 Posted April 20, 2020 Share Posted April 20, 2020 Somebody got owned. Link to comment Share on other sites More sharing options...
FanboyOf91 Posted April 20, 2020 Share Posted April 20, 2020 12 or more Republican senators will soon demand Agent Orange end this horrendous assault of cheap oil on our free markets! Link to comment Share on other sites More sharing options...
Momma There Goes That Man Posted April 20, 2020 Share Posted April 20, 2020 (edited) Edited April 20, 2020 by Momma There Goes That Man 1 7 1 Link to comment Share on other sites More sharing options...
FanboyOf91 Posted April 20, 2020 Share Posted April 20, 2020 Link to comment Share on other sites More sharing options...
skinfan2k Posted April 20, 2020 Share Posted April 20, 2020 What are some sectors that can benefit from this? Link to comment Share on other sites More sharing options...
Fergasun Posted April 20, 2020 Share Posted April 20, 2020 Nothing. No one benefits from this. Even if you have an in demand service, people have to eat, put shelter over their heads and maintain their health. That leaves minimal money for yoh. There's a reason that the "powers that be" have tried to avoid an economic downturn. Yes, even if it makes people angry to manipulate the market. The people who benefit are already sitting on piles of cash. You can buy all the land you want. For anyone sane... there are going to be a larger and larger amount of angry, hungry, jobless people. Our society and economy hasn't been structured to protect us from this... dislocation. Link to comment Share on other sites More sharing options...
skinfan2k Posted April 21, 2020 Share Posted April 21, 2020 Fale. For those not retiring anytime soon, stocks are going to drop and we are able to buy more stocks at a cheaper price. Link to comment Share on other sites More sharing options...
Cooked Crack Posted April 21, 2020 Share Posted April 21, 2020 1 Link to comment Share on other sites More sharing options...
techboy Posted April 21, 2020 Share Posted April 21, 2020 47 minutes ago, skinfan2k said: Fale. For those not retiring anytime soon, stocks are going to drop and we are able to buy more stocks at a cheaper price. That's a fabulous plan, if 1. The stock market actually drops And 2. You still have a job and money to buy said stocks Link to comment Share on other sites More sharing options...
Larry Posted April 21, 2020 Share Posted April 21, 2020 4 minutes ago, techboy said: That's a fabulous plan, if 1. The stock market actually drops And 2. You still have a job and money to buy said stocks 3) The stocks get better, after you buy them. Link to comment Share on other sites More sharing options...
techboy Posted April 21, 2020 Share Posted April 21, 2020 (edited) 1 hour ago, Larry said: 3) The stocks get better, after you buy them. If you have a long enough time horizon, stocks do generally go up (although the Nikkei in Japan is a disturbing exception for the last few decades), so I left that out. That IS a risk, of course, but that's why they call it a risk premium, and is assumed in buying stocks instead of US bonds in the first place. *Edit* Although, upon reflection, I'm thinking through the lens of broad market indexes. Buying individual stocks definitely exacerbates this point. Companies individually definitely do crash and not come back all the time. Edited April 21, 2020 by techboy 1 Link to comment Share on other sites More sharing options...
FanboyOf91 Posted April 21, 2020 Share Posted April 21, 2020 Just nationalize it already. Link to comment Share on other sites More sharing options...
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