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Post by c on Jan 3, 2021 20:13:36 GMT
I see this as the prequel to the Mad Max series.
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Post by iron maiden on Jan 3, 2021 21:10:22 GMT
Well it did take place in 2021. Maybe George Miller was a visionary.
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Legend
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Post by c on Jan 3, 2021 21:28:19 GMT
US up to 300k new cases a day.
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Legend
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Post by Ness on Jan 3, 2021 21:35:37 GMT
Lotta staying power for a hoax virus.
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God
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Post by iNCY on Jan 3, 2021 21:36:28 GMT
Let's just pause for a moment to consider a full blown pandemic with shut-downs, political instability... And new record hight for the stock market?
What bubble?
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Legend
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Post by c on Jan 3, 2021 22:04:30 GMT
People assume the market represents the economy, but it does not. The market represents that top companies and the people with the highest incomes. Both of these groups experienced massive growth during the pandemic.
There is no bubble. Growth ever stops for this group the taxpayers of the US will bail them out. Our entire political system is designed to ensure this group remains profitable.
Also these companies were able to clear the market of many competitors and do cuts to workforce, making them more profitable than they would have been before the pandemic. With the leaner workforces, they streamlined operations.
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Legend
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Post by nath45 on Jan 3, 2021 22:14:13 GMT
Well it did take place in 2021. Maybe George Miller was a visionary. This is how a third world war starts. Just spitballing here, if you're prone to believe in conspiracy theories. You might believe China unleashed Covid-19 to weaken the US (it did) and made it ripe for the picking (it is) America being America works itself into a shoot and believes this and strikes or pokes the East first, or blows away a middle eastern country first for giggles. Prompting retaliation.
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God
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Post by iNCY on Jan 3, 2021 23:15:05 GMT
People assume the market represents the economy, but it does not. The market represents that top companies and the people with the highest incomes. Both of these groups experienced massive growth during the pandemic. There is no bubble. Growth ever stops for this group the taxpayers of the US will bail them out. Our entire political system is designed to ensure this group remains profitable. Also these companies were able to clear the market of many competitors and do cuts to workforce, making them more profitable than they would have been before the pandemic. With the leaner workforces, they streamlined operations. It would be nice if for just one post you didn't launch into the same hysterical attack on capitalism, it's getting a little old. It doesn't show any of the things you have referenced, it's a classic bubble where the price of stocks is moving independent to earnings while everyone talks about new paradigms. These businesses are getting their profits hit, but the share price is moving up. The only new variable is impossibly cheap money thanks to QE and historically low interest rates. If you have your money in the bank you are losing money in the current economy.
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Legend
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Post by c on Jan 3, 2021 23:18:15 GMT
As a whole, the fortune 500 companies that drive the stock market experienced record growth in 2020 with profits improving by 500 billion this year. So why would the market be down?
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Post by Gyro LC on Jan 4, 2021 2:19:33 GMT
Interest and bond rates are very low so stocks are the best thing if you want gains, increasing demand. Also, companies have been cranking up stock buy-backs, reducing supply. I think those are the main things driving the prices high.
I was able to refinance to 15-year 2.25%. So that’s nice.
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Post by c on Jan 4, 2021 4:45:01 GMT
Well here is a good breakdown of the US economy during COVID. Essentially, only the service industry was really hurt. Personal income increased greatly, and despite 6% of jobs being cut, on average, employee compensation dropped only .05%. Most who lost jobs, made more money from unemployment because they were paid so little any boost to income put them ahead. Furthermore with the service industry shut down, Americas were effectively richer as the money that would have went to the service industry went into savings or paying down debt instead. www.nytimes.com/2021/01/01/upshot/why-markets-boomed-2020.htmlThe problem is since many states pay people so little, when the economy goes back to normal, things may crash as workers once again return to trying to survive at below living wages that many of these service jobs they had paid.
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Post by c on Jan 4, 2021 9:41:40 GMT
Looks like one of the final things the Trump admin will do, is push for the CDC to advise only give half the dose of the COVID vaccine so more people can be vaccinated. Effectiveness will drop to 80% but that is a sacrifice Trump and his allies are willing to make.
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Legend
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Post by nath45 on Jan 4, 2021 11:16:46 GMT
Because, why wouldn't he?
This man deserves to hang for his deliberate mistreatment and misleading during the pandemic. What a joke.
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Legend
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Post by 🤯 on Jan 4, 2021 12:59:22 GMT
Because, why wouldn't he? This man deserves to hang for his deliberate mistreatment and misleading during the pandemic. What a joke. Hanging might be to easy of an out.
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Legend
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Post by Ness on Jan 4, 2021 14:47:14 GMT
Because, why wouldn't he? This man deserves to hang for his deliberate mistreatment and misleading during the pandemic. What a joke. Hanging might be to easy of an out. Good enough for Saddam.
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Post by Jake on Jan 4, 2021 15:50:02 GMT
Another national lockdown for England set to be announced tonight by the PM, oh boy just a mere day after saying he wouldn't impose another national lockdown.
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Legend
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Post by Ness on Jan 4, 2021 16:27:35 GMT
Another national lockdown for England set to be announced tonight by the PM, oh boy just a mere day after saying he wouldn't impose another national lockdown. "No new taxes"
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Post by kingoftheworld on Jan 4, 2021 19:00:04 GMT
Another national lockdown for England set to be announced tonight by the PM, oh boy just a mere day after saying he wouldn't impose another national lockdown. Yes and after letting most schools return today and giving this new strain a fantastic opportunity to spread about. Another great move from Bozo the clown. This should have been done last night. Almost as bad as allowing London to carry on in December like nothing was wrong, and then planning to allow them to go home for Christmas to spread it. And even though they changed the Christmas guidance when it got too bad to ignore, I guarantee plenty of people would have still gone ahead with their original Christmas plans based on the first set of relaxed rules. Like they’re still aiming for herd immunity looking at it.
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Post by Emperor on Jan 4, 2021 19:34:00 GMT
Almost as bad as allowing London to carry on in December like nothing was wrong, and then planning to allow them to go home for Christmas to spread it. And even though they changed the Christmas guidance when it got too bad to ignore, I guarantee plenty of people would have still gone ahead with their original Christmas plans based on the first set of relaxed rules. Most people would have gone ahead with their Christmas plans regardless of what the government said. So I understand the initial decision to relax the rules for a few days during Christmas, no point locking down if people will just do their own thing. This was always going to happen.
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Post by Jake on Jan 4, 2021 19:38:47 GMT
Oh boy,just a mere twenty minutes until Mein....I mean our Fearless Leader Boris speaks..
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Post by kingoftheworld on Jan 4, 2021 19:39:38 GMT
Yeah I agree with that, no point trying to put the cat in the (Christmas) bag, I suppose my point was more that London (or certain council areas of it) should not have had as loose restrictions as it did in December, especially knowing they’d be relaxing it for Christmas and everyone going home.
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Post by Jake on Jan 4, 2021 20:15:22 GMT
6 week lockdown announced for England, comes into effect midnight.
Also GCSE's and A-Level exams are cancelled for students, blimey...
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Legend
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Post by Ness on Jan 4, 2021 20:44:30 GMT
At this point fuck it. Just let what happens happen.
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Legend
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Post by 🤯 on Jan 4, 2021 21:15:45 GMT
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Post by kingoftheworld on Jan 4, 2021 21:18:07 GMT
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Post by iron maiden on Jan 4, 2021 21:18:50 GMT
A bunch of our Provincial cabinet members were asked to resign as 9 of them went to Hawaii and other tropical destinations for Christmas while the rest of us weren’t even supposed to see our families. Special kind of stupid.
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God
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Post by iNCY on Jan 4, 2021 22:27:38 GMT
As a whole, the fortune 500 companies that drive the stock market experienced record growth in 2020 with profits improving by 500 billion this year. So why would the market be down? Not really, look at the historic P/E ratio of the S&P 500, we are firmly in bubble territory. The only mitigating factor is that money is worth less every day.
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God
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Post by iNCY on Jan 4, 2021 22:28:29 GMT
Interest and bond rates are very low so stocks are the best thing if you want gains, increasing demand. Also, companies have been cranking up stock buy-backs, reducing supply. I think those are the main things driving the prices high. I was able to refinance to 15-year 2.25%. So that’s nice. Yeah, great time to refinance
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Junior Member
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Post by Jake on Jan 5, 2021 18:58:41 GMT
Just found out today I've lost a family member to Covid, while not immediate family and they're from an in-law, it still hurts badly. They used to live in the house right behind mine when I was younger, they only went in for a check up on their heart last week too.
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Legend
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Post by c on Jan 5, 2021 22:32:51 GMT
Grrr... later in the week I need a COVID test. My mom likely has it. She needs her test, then if she is positive I have to go. We all got exposed as the hospital my grandpa was at did not think it was important to test him for COVID before sending him home, despite him having the symptoms. I been sick but not like COVID sick, which means I may have it and get off super light (no chest issues). Or I have not incubated enough yet <.<
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