Is the stock market going to tank?

[Mazderati]

Looks like some auto manufacturers are offering bigger rebates and lower financing rates in April but the lease deals are not as good. Leases all but dried up for a while after '08 and '09.

[AdironRider]

If the CEO of Exxon tweeted rumors to jack the oil price he'd be arrested.

I think Elon has proven the SEC has no clothes.

In terms of auto leasing, I think the actuaries are pricing in that residuals are going to suck for a while.

[rideit]

Maybe Trump told MBS the price of defending KSA was going up? And maybe Trump offered Putin some insider trading info for all those market moving tweets Trump puts out on a regular basis?

DUBAI/MOSCOW (Reuters) - U.S President Donald Trump said on Thursday he had brokered a deal with top oil producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid a global coronavirus pandemic, sending crude prices up by 45%.

Trump said he spoke with Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman, and now expected the two nations to cut output by 10 million barrels per day (bpd) - an unprecedented number representing 10% of global supply.

I smell Jarrod’s weasely nose involved in this somehow...

[Toadman]

I smell Jarrod’s weasely nose involved in this somehow...

No doubt JaKush will be buying up distressed properties at bargain basement prices. I'm sure he will give MBS a taste of the acction too.

[neufox47]

Yeah that'd work out awesome. Deep thinking there.

The comment about a stolen lunch reminds me of The Office episode where corporate tells them that a long water cooler chat is stealing. All this from a guy who claims to be to the left of Bernie Sanders too.

[Deebased]

The comment about a stolen lunch reminds me of The Office episode where corporate tells them that a long water cooler chat is stealing. All this from a guy who claims to be to the left of Bernie Sanders too.

Yeah who wants equality in treatment .

Looking forward to the governors announcing healthcare workers will no longer be compensated. Let's see how long they continue to provide services for.

[Deebased]

As in the food here is terrible. And the portions are small!

Yeah the food is terrible, I cooked it and lacked truffle oil (olive is a poor substitute)
Portions were large and I hope the families enjoyed it.

[rideit]

Everyone leave home, and go to work!

Wait....

[Lvovsky]

CNBC hack Santorum was quacking yesterday that these unemployment numbers are meaningless because they are due to pandemic and not due to bad business.

He needs a kick in a scrotum.

[Benny Profane]

It's the Fed's fault.

[MakersTeleMark]

It's the Fed's fault.

Chii na.

[Mazderati]

Chii na.

https://www.tiktok.com/@kslatts5/vid...23086827113734

[GeezerSteve]

LOLz

[Benny Profane]

https://www.theguardian.com/business...al-coronavirus

[Benny Profane]

Debt Jubilee

https://www.marketplace.org/2020/04/...veness-easing/

[Name Redacted]

Debt Jubilee

https://www.marketplace.org/2020/04/...veness-easing/

Wonderful concept that will never see the light of day.

[Benny Profane]

Never say never. How were you doing in January?

[SkiCougar]

Debt Jubilee

https://www.marketplace.org/2020/04/...veness-easing/

I actually agree govts and fed banks will just pile on debt until some support is hit, but what happens when they have succeeded in doing that ? the debtload on the country will have multiplied and the companies will not be quick to rehire and certainly not at the incomes they had been paying.

yes, the financial market always recovers, but it could take 10 years just to get back to even from this January. those buy and holders are bag holders this time.

[4matic]

the debtload on the country will have multiplied.

Deficits don't matter

[SkiCougar]

Deficits don't matter

right. and 3% growth is a fantastic growth rate.

[4matic]

3% growth is a fantastic growth rate.

Double trend

[liv2ski]

Deficits don't matter

Thanks, that one is always good for a laugh. I am waiting for the day they do matter, then Dog help us all

[Benny Profane]

Thanks, that one is always good for a laugh. I am waiting for the day they do matter, then Dog help us all

They always mattered to many on both sides up to this point. After this latest bailout, if we ever hear one senator or congressperson try to do that bullshit again, we should all wait outside their house with the rotten vegetables we've all hoarded and let them have it when they come outside.

[MiddleOfNight]

Wonderful concept that will never see the light of day.

New Deal II.
(sounds more palatable than debt jubilee IMO)

With good PR it might fly. Have Morgan Freeman do the commercials.

Why not?
Someone said - we're stuck sitting at home, go fix the f*ing potholes!

[GeezerSteve]

So, just how does government mandated cancellation of private debt work? Under the 5th Amendment, lenders would be owed compensation equal to the amount of the canceled debt -- or maybe more. It would be much more efficient to write checks to the masses and avoid the constitutional clusterfuck.