How bad is this economy going to get?

Discussion in 'West Mall' started by AustinHorn24, Apr 1, 2020.

  1. AC

    AC 1,000+ Posts

    • Like Like x 2
  2. AC

    AC 1,000+ Posts

    :arrow-up:Watch this clip of Judy Shelton from CNN. She's got my vote!
     
    • Like Like x 1
  3. Joe Fan

    Joe Fan 10,000+ Posts

    It's a sexy idea but I dont know if its actually possible
     
  4. Monahorns

    Monahorns 5,000+ Posts

    It's possible. The regime we are under now is the exception not the rule.
     
    • Like Like x 2
    • Agree Agree x 1
  5. Dionysus

    Dionysus Cocky + Relaxed Admin

    Judy Shelton quote from this video:

    “We need another Bretton Woods, or at least we need to be thinking in terms of a neutral reference point, a global unit of account. Something like a gold standard, updated to reflect a digital world and fast moving financial flows.”

    Baby steps.
     
    • Like Like x 3
  6. AC

    AC 1,000+ Posts

  7. Joe Fan

    Joe Fan 10,000+ Posts

  8. mchammer

    mchammer 10,000+ Posts

    Bad, really bad (answering the OP’s question).
     
  9. Joe Fan

    Joe Fan 10,000+ Posts

    Job gains over the last five months have exceeded almost all expectations

    Biden wants to shut it all down again

    [​IMG]
     
  10. Monahorns

    Monahorns 5,000+ Posts

    More lockdowns would kill the economy and lead to even more deaths than corona was responsible for.
     
    • Like Like x 2
    • Funny Funny x 1
  11. AC

    AC 1,000+ Posts

    I don’t mean any disrespect but these Gov statistics are a steaming pile of *********.
    Chapwood Index
    real inflation index
    Alternate Unemployment Charts
    real unemployment rate
    DYOR. Don’t let the Government statistics lie to you. They ARE NOT telling the real truth. Just prodding to dig deeper. Of course they don’t want you to know actual unemployment and inflation rates. They’re voted in. Referring to Politicians.
     
  12. AC

    AC 1,000+ Posts

  13. Joe Fan

    Joe Fan 10,000+ Posts

    Danaher dont care

    [​IMG]
     
  14. Joe Fan

    Joe Fan 10,000+ Posts

    This homebuilder ETF fell over half, but up 130% since

    [​IMG]
     
  15. mchammer

    mchammer 10,000+ Posts

    My REIT fund has started moving up. Recall I predicted that once therapeutics and vaccines are available, real estate will recover
     
  16. Joe Fan

    Joe Fan 10,000+ Posts

    I dunno. Commercial RE looks iffy to me.
     
  17. Sangre Naranjada

    Sangre Naranjada Winebibber

    I got out of my REIT for that reason. Got into transportation funds instead. It's the airlines, etc that will bounce back after pandemic fear porn subsides, if you ask me.
     
  18. AC

    AC 1,000+ Posts

    Lyn Alden the best or in the top 3 Macro Economic Analysts spoke at a Real Vision conference last week. I saw it on Real Vision later. She said Airlines, Oil Companies on the cheap are real value right now. Buy what nobody wants right now, cheap cheap. It will come back. Bitcoin was her top growth pick followed by Gold and Silver. She mentioned TIPS for people on a shorter time horizon. More conservative. I would add Fine Art to the list for high growth returns. All the great Macro Investors are very long Bitcoin.
     
    • Like Like x 2
  19. Joe Fan

    Joe Fan 10,000+ Posts

    Retail sales are now basically back on their pre-covid trend
    Looks like a V


    [​IMG]
     
    • Like Like x 1
  20. Joe Fan

    Joe Fan 10,000+ Posts

    [​IMG]
     
    • Winner Winner x 2
    • Like Like x 1
  21. AC

    AC 1,000+ Posts

     
    • Like Like x 2
  22. AC

    AC 1,000+ Posts

    Oh and Bitcoin is decoupling from stocks right now and saying Ciao!!
    upload_2020-10-20_11-39-46.png
     
    • Like Like x 2
  23. Joe Fan

    Joe Fan 10,000+ Posts

    "Pickup truck sales ... just hit an all-time high in September. Pickup trucks mean work. Hispanics are heavily involved in the kinds of trades that use pickup trucks."
    -- Steve Cortes

    I dont know if this translates where you live, but it definitely translates where I live now. Meaning = pickup truck sales are an indicator of Latino support for Trump.
     
    • Like Like x 1
  24. Joe Fan

    Joe Fan 10,000+ Posts

    ATL Fed now predicts 3Q 2020 GDP of 36.2%
     
    • Like Like x 2
    • Winner Winner x 1
  25. Dionysus

    Dionysus Cocky + Relaxed Admin

    MicroStrategy's Bitcoin Gains Now Exceeds its 3.5 Year Earnings as a Company

    Two months down the line, MicroStrategy’s decision to add $425 million in bitcoin as part of its treasury reserve assets is already paying off big time.

    With Bitcoin currently pushing for a $13,500 price at the time of writing, MicroStrategy’s 38,250 BTC haul acquired at an average price of $11,111.11 is now worth $525.5 million. That represents a $100 million gain within the space of two months since it was only in August that MicroStrategy first announced it was going to buy Bitcoin.

    michael-saylor-mstr-world-barcelona.jpg

    But there is yet another twist to MicroStrategy’s bitcoin investment. Verified information shared by a Twitter user, Kevin Rooke shows that MicroStrategy’s profit on their Bitcoin investment has now surpassed the company’s earnings in the last three and a half-year of operation up to the second quarter of 2020.

    MicroStrategy-1024x576.jpg

    MicroStrategy, founded in 1989 and led since then by Michael Saylor primarily provides business intelligence, cloud-based, and mobile software services.

    Corporations Now Joining the Bitcoin Party

    Speculators expected MicroStrategy’s brave bitcoin move to create a situation where corporate organizations will convincingly add Bitcoin as part of their reserve assets.

    So far, that expectation has yielded fair results with Square, Mode, and Snappa all putting a significant portion of their cash reserves into Bitcoin.

    BitcoinTreasures.org reports that corporations now hold 786,059 BTC or 3.74% of bitcoins circulating supply. The amount would equal $10.7 billion at today’s price and could increase significantly if competitors ever begin to envy MicroStrategy’s current gains.
     
    • Like Like x 2
    • Funny Funny x 1
  26. iatrogenic

    iatrogenic 2,500+ Posts

    Sam: Bill, why did you buy Bitcoin?
    Bill: Well, Bob bought a lot of it so it must be good!
    Sam: Uh...okay.
     
  27. Joe Fan

    Joe Fan 10,000+ Posts

    Came in at 33.1
    Which I think its the fastest recovery on record

     
    • Like Like x 1
  28. Joe Fan

    Joe Fan 10,000+ Posts

  29. Joe Fan

    Joe Fan 10,000+ Posts

    RGDP
    [​IMG]

    YOY change in RGDP
    [​IMG]
     
    • Like Like x 1
  30. mchammer

    mchammer 10,000+ Posts

     
    • Like Like x 1
    • Agree Agree x 1

Share This Page