The stock market hasn’t been connected to the real world for several decades now.
50% of all workers have literally no connection to it. No connection via wages, no connection via pensions, no connection via 401k. It is a casino.
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It’s desperate hope IMO.
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Or pump and dump?
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But Mnuchin said today that everything will be great by Q3…
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Sigh.
Probably.
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Can’t see this happening -not with the case count nearing a million and deaths to fly by 60,000 this week.
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Reopening is not so simple and will take plenty of time. Everyone is scared to death of a second wave and having to close again. Small businesses on particular have to ask whether they have the resources to make the necessary modifications and whether their businesses can be profitable under reduced traffic scenarios.
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Bankruptcies won’t be an issue once Infrastructure Week kicks in.
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The media CW is that he’s FINALLY pulling back from pressers every day, after aides and R bigwigs telling him it was hurting more than helping his reelection. He was obviously burned after last Thursday’s shit show with the disinfectant injection motif. But I’ll believe it when I see it. He can’t stay away from the cameras, and he hates it when Pence and the others take the spotlight.
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President Skanky Turdface, First Half-Wife Iwanker and Cuck Kushner are doing just fine. They are great at business and doing a great job getting loans from the taxpayers, China and dirty Deutsche Bank. Everyone else should do what they are doing. And then take plenty of hydroxychloroquine plus azithromycin, disinfectant plus heat to keep the virus away.
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OT: Remember those antibody tests? Not so fast folks.
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No kidding. Some of my extended family-by-relationship are PI lawyers specializing in medical malpractice and wrongful death. One of them has had to lay off staff during the crisis because the courts aren’t in session and the firm’s overhead burn is $2 million a month, but I don’t think they’ll be filing bankruptcy any time soon. As usual, the lawyers will come out of this okay. I wish it were different…
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This is a vicious circle in that companies that are going bankrupt are no longer paying rent. Meaning landlords and real estate companies also lose cash flow, and may also go bankrupt, resulting in a further reduction in consumer spending, and on it goes.
Only if we had an Administration determined to solve problems instead of corrupt profiteering for themselves and their cronies. Only saving grace, if we survive until November, is they will pay the price in the voting booth. And in January, we investigate and prosecute.
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Did he say which year?
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Gee, it’s almost as if the preznit’s bankruptcy habit is contagious…
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trump’s cure for bankruptcy is to enrich himself and ensure that others are left holding the bag. This has been his governing philosophy for the last 3 years.
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I’m sure they’re as happy to lose their dream of owning their own business as sick people in the hospital are happy to give up their plasma.
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He also never cleans the microwave.
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Look for a twenty first century version of the Christian Bible’s “jubilee” down the road.
The days between Election and Inauguration will be, ahem, rather fraught.
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