DawgTalkers.net Forums DawgTalk Palus Politicus Coronavirus continued

Well what are your thoughts?

I'm contemplating on how to properly share them where we could have an actual discussion. I understand why they don't fit on the EE thread. This thread..........it's all about sides and they will be quickly ignored because it's not about blaming either party.

Oh well..........

Nba just suspended the season

Yo 40.

I dunno if tomorrow will be the bottom....but it’s about to get really ugly in the markets.

Dow futures pointing to a 1000 point drop.

Again.

Trump is going to dole out a bunch of cash to stimulate the economy through this according to his speech tonight; I noticed nobody asked how he's going to pay for it.

Yea, perfect storm of bad stuff.

Market was at peak, needed to come down.
Constant drip drip drip of Virus news.
Credit issues.
on and on BUT...
I am beginning to dip a toe in those muddy waters.

Be careful.

Those muddy waters are filled with pythons.

Pythons are big snakes, which rhymes with big steaks and I am ready to eat!

With all this stimulus pumping into the economy the Market may pop and I don't want to miss that.

Better hope the stimulus actually works.

Cause if it doesn’t....

It would be Pelosi then

Cmon man, it's Trump stimulus, can't fail!

To the Moon, Alice!

But it will take a little time to kick in so I will be dipping that toe.

Ask Italy

I interpreted as we are screwed

What I heard is Trump fanning the fire of xenophobia. In his mind it's all China and Europe's fault. Did he really think the US would remain immune? It's in every continent, bar Antarctica. Why did he have to single out China with inflammatory language like "it came from there" and Europe for "failing to deal with it and Europeans bringing it into the US"? That will only add fuel to the fire in the xenophobic and racist attacks we have already started seeing in the US.

Well....He didnt say anything that's not true.

How is the truth xenophobia.

In today's global world with international travel etc. it is impossible to stop disease from spreading quickly. To place blame doesn't help anything. We are already seeing a spike in racist and xenophobic attacks on people in this country. To validate and add fuel to that fire is exactly what he has done since 2015. No different than Charlottesville so, I guess I shouldn't expect anything less from him.

That sounds like liberal hysteria to me, and not rational thought. He didnt say anything that wasnt true.

Stimulus is a waste of money. Economy is going to be stagnant until the the virus threat passes.

Trump is an orange, lying conman whose policies and public statements appeal to racists and the Alt Right.

Every word demonstrably true. But also probably inflammatory to some.

Lol
Trump Bankruptcies
Trump Casino’s
Trump Foundation
Trump University
Trump Marriages



Nah.... can’t fail.

ness
Sell signal: Trump's shallow virus plan blows floor out of markets
By Anshuman Daga and Tom Westbrook
ReutersMarch 12, 2020, 4:17 AM EDT

By Anshuman Daga and Tom Westbrook

SINGAPORE (Reuters) - All global investors got from U.S. President Donald Trump's coronavirus package were a shock travel ban on Europe and a flashing signal to sell, and none of the large-scale tax breaks or medical tests for Americans they'd been expecting.

The deep disappointment with Trump's much-touted plan, which he unveiled late on Wednesday, spurred massive falls in global stock markets. U.S. stock index futures <ESc1> plunged nearly 5%, almost hitting their circuit breakers for the second time in a week.

The highlights of what Trump described as "the most aggressive and comprehensive effort to confront a foreign virus in modern history," were a three-month tax holiday for individuals and small businesses and low-interest loans for affected companies.

That fell way short of market expectations for relief from an outbreak that has spread to 122 countries, infected more than 126,000 people, sowed fears of a world recession and wiped about $6 trillion off the U.S. stock market.

Even expectations that Trump would try to fix the delays in getting U.S. virus testing up to speed were dashed.

"I am just left speechless for Trump to say this is the most comprehensive plan," said Rob Carnell, chief Asia-Pacific economist at ING in Singapore.

"Without all the additional testing and tracing and containment measures that certainly aren't taking place in the United States, it's just a PR stunt."

Investors were also stunned at what to them was a tardy plan to restrict travelers from Europe for 30 days, and then left confused when he clarified that cargo would not be banned.

"Travel restrictions equal slower global economic activity, so if you need any more coaxing to sell, sell, sell, sell after a massively negative signal from overnight trading in U.S. markets it just fell in your lap," said Stephen Innes, global chief markets strategist at Sydney-based brokerage Axicorp.

ANZ's head of Asia research, Khoon Goh said that travel ban would multiply the adverse impact on businesses. "This is something that markets had not factored in, it's a huge near-term economic cost."



NOT SO SWEET

While markets are accustomed to Trump's flip-flops and policy bluster, Wednesday's speech was a stunning failure in its attempt to put a floor under tumbling stock markets ahead of his Nov. 3 re-election bid.

Trump, whose campaign could be shaped by how well he responds to the crisis, stopped short of declaring a national emergency.

One measure Trump wants -- an elimination of the "payroll tax" on workers' earnings that would free up cash for businesses and consumers - is unlikely to get bipartisan support.

"There is no immediate fiscal support actually coming," said Matthew Sherwood, head of global investment strategy at fund manager Perpetual in Sydney. "It will be heavily debated, it's an election year. They are not going to make his job easy, the Democrats."

Michael McCarthy, chief strategist for CMC Markets in Sydney, said markets were clearly signaling to the White House that the measures were too little, too late.

"While the travel ban from Europe is certainly dramatic and will help with the health aspects, it is clearly damaging economically," he said. "Given the very limited nature of low interest loans to small businesses and potential tax deferrals for individuals and businesses, there isn't enough here for markets to hang their hat on."

Importantly, everything Trump said on Wednesday fell short of what markets expected from an economic superpower coming late to the virus battle.

"The U.S. is playing catch-up as fast as it can and that's where we are. The president destroyed trust and the world doesn't believe him," said David Kotok, chairman and chief investment officer at Cumberland Advisors in Sarasota Florida.

Just watch how the wealthiest people in the world react. Most of them will turn their backs on the people that helped them to become wealthy (their customers) and insulate themselves.

Upside....the US government will be forced to take on healthcare as a one payer system to control the test kits, the quarantined, the antibiotics the anti virus, the healthcare, and day to day needs of all of us. This is big folks. It’s going to be a whole new normal. Buckle up.

Eve you know this isn’t about hate, it’s about trust . None of us can remember trump saying much of anything that has been accurate or true.

I don't recall anytime that I trusted what any politician said 100%. Seems they are always speaking half the truth, and hiding the other half (probably for good reason).

All they know if what their advisers tell them, so I'd rather hear from he people closest to the actual event.

Trump says a lot of dumb things, and most of the time, makes very little sense anyway. Why people even listen and expect anything different is beyond me.

There were CEOs, economist, and hedge fund managers on both Fox business and CNBC low key ripping into trump.

Basically saying what we’ve been saying; that he’s worried about the wrong things. He’s worried about the stock market, but the big guns in this stock market say what would’ve calmed the markets would’ve been:

Test kits, normal briefings, and strong leadership. Instead we got lies, weak leadership, and economic stimulus that won’t do much to help.

I will say it over and over again. Trump isn’t getting blamed for the virus. He’s getting judged on how he handles it.

LOL...But they do...and ..trump isn’t even near 50% accurate. Not trusted by the entire world has nothing to do with hate.

Point in case....Where are the test kits? Why is this taking so long?

I hate to say this, but 40, even you might have to admit this:

We had a nasty bubble growing in the markets and the global economy.

This virus might be the pin that pops it.

trump. ”Everyone that wants tested can get tested”.

Nope. State laboratories don’t have enough for everybody yet and can’t process them fast enough. Wash your hands lol

People give him this excuse like it's some kind of pass all the time. It's Trump, he lies and doesn't know or use facts. Let Trump be Trump...

Well that's okay if you are talking about the idiot at the bar who desperately wants to fit in to the point that everything is an exaggeration or defensive posture to try and make himself look good/normal...

But they elected this fool as President of the United States! The office demands more and demands accountability! Nobody holds Trump accountable, NOBODY! Well now we are going to see the obvious flaw in that logic play out in a freakin' pandemic! And this isn't a we/them/left/right thing because this virus is apolitical.

So I get the European travel ban trump implemented.

What I don’t get is why is the UK exempt from the ban?

I’m sorry but the gop is so trash.

Dems put up a really good virus package, but the gop is worried about payroll tax cuts and the freaking Hyde amendment.

What

The

Hell.

Well, I watched it and still don't know what he said.

All I do know is that once he opened his trap, the market took a dump.

What, you want us to turn Meghan and Harry away?

See, this is the thing that bothers me. We are having a hard time getting folks tested.. That means we really don't have good numbers to judge where this is headed.

Ya think ?! It means that when Trump stands there and says the usa has very low numbers compared to the rest of the world ..... hes full of crap, as usual i guess but we hoped for better.

With the shutdown of sports across America we should be picking up a whole bunch of new posters to the political thread.

Together we will solve this Corona thang.

(or perhaps we will just bring Coronas to the meeting.)

I think you're misunderstanding me.

What I am saying is that 3+ years in, and people still seem surprised by the things he says and the lies and exaggerations he speaks.

It says as much about the people who listen and think they will hear something otherwise at this point, as it does about the man himself.

You know the old saying... "Fool me once....."?

I got you, I was just commenting on the overall situation of it.

It looks like a common sense initiative on the surface, better than just cutting payroll taxes.

Reading it though, here's where my eyes bulged... If I'm a small business owner, I'm not sure how this will work out. If my sales are down 30, 40, 50% and you want me to pay employees to stay home?

A. The refund checks from the government better be swifter than swift. I'm not sure what they're proposing, if it's a tax credit - no can do James.

B. Better hope they don't all get sick at once... not enough cashflow.

If either one of the above go sideways - these cats aren't paying the rent, paying for inventory, etc, next month.

The devil is in the details, these idiots need to come together and work them out.

Boy the coronavirus is bringing out the inner socialist in everyone...