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Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 8:48 am
by Kismet
youthathletics wrote: ↑Fri Jun 05, 2020 8:45 am
CU88 wrote: ↑Fri Jun 05, 2020 8:29 am
All of the Fed spending on airlines is just kicking the can down the road, come this Fall there will be bankruptcies and lay-offs. Right before the Nov Election.
https://www.cnn.com/2020/05/10/business ... index.html
Some of the biggest carriers will dissolve.
What is your end game? Do you want to see carriers dwindle, and then become a monopoly of a select few, driving prices up?
This is how capitalism works. The industry's problem today and going forward is DEMAND - as in there isn't any. So unless demand returns to some semblance of what it was, fewer carriers should be kinda INEVITABLE, no?
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 8:54 am
by RedFromMI
New job report out is quite positive (although the numbers are still high) - 2.5 million jobs added, for an unemployment rate of 13.3%, instead of the ballpark figure of 20% a lot were expecting.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 8:55 am
by youthathletics
Kismet wrote: ↑Fri Jun 05, 2020 8:48 am
youthathletics wrote: ↑Fri Jun 05, 2020 8:45 am
CU88 wrote: ↑Fri Jun 05, 2020 8:29 am
All of the Fed spending on airlines is just kicking the can down the road, come this Fall there will be bankruptcies and lay-offs. Right before the Nov Election.
https://www.cnn.com/2020/05/10/business ... index.html
Some of the biggest carriers will dissolve.
What is your end game? Do you want to see carriers dwindle, and then become a monopoly of a select few, driving prices up?
This is how capitalism works. The industry's problem today and going forward is DEMAND - as in there isn't any. So unless demand returns to some semblance of what it was, fewer carriers should be kinda INEVITABLE, no?
In police work, they would call a pandemic that stopped capitalism in its tracks..... "a clue". You are moving the net, oh so subtly. The original post implied that Fed spending was essentially futile. My argument is that it is not futile, and necessary to help it survive as the pandemic subsides and society begins moving abroad again.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 8:56 am
by CU88
Kismet wrote: ↑Fri Jun 05, 2020 8:48 am
youthathletics wrote: ↑Fri Jun 05, 2020 8:45 am
CU88 wrote: ↑Fri Jun 05, 2020 8:29 am
All of the Fed spending on airlines is just kicking the can down the road, come this Fall there will be bankruptcies and lay-offs. Right before the Nov Election.
https://www.cnn.com/2020/05/10/business ... index.html
Some of the biggest carriers will dissolve.
What is your end game? Do you want to see carriers dwindle, and then become a monopoly of a select few, driving prices up?
This is how capitalism works. The industry's problem today and going forward is DEMAND - as in there isn't any. So unless demand returns to some semblance of what it was, fewer carriers should be kinda INEVITABLE, no?
Yes, the only reason there are airline companies this summer is the Fed. Once that teat is gone, the industry will consolidate. In March, there was a brief flurry of cheap flights in the US, but once the airlines realized that people who were going to travel HAD to travel, they set prices as high as they could. Come Oct, new paradigm, and fewer companies.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 8:58 am
by youthathletics
RedFromMI wrote: ↑Fri Jun 05, 2020 8:54 am
New job report out is quite positive (although the numbers are still high) - 2.5 million jobs added, for an unemployment rate of 13.3%, instead of the ballpark figure of 20% a lot were expecting.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 9:05 am
by Kismet
youthathletics wrote: ↑Fri Jun 05, 2020 8:55 am
Kismet wrote: ↑Fri Jun 05, 2020 8:48 am
youthathletics wrote: ↑Fri Jun 05, 2020 8:45 am
CU88 wrote: ↑Fri Jun 05, 2020 8:29 am
All of the Fed spending on airlines is just kicking the can down the road, come this Fall there will be bankruptcies and lay-offs. Right before the Nov Election.
https://www.cnn.com/2020/05/10/business ... index.html
Some of the biggest carriers will dissolve.
What is your end game? Do you want to see carriers dwindle, and then become a monopoly of a select few, driving prices up?
This is how capitalism works. The industry's problem today and going forward is DEMAND - as in there isn't any. So unless demand returns to some semblance of what it was, fewer carriers should be kinda INEVITABLE, no?
In police work, they would call a pandemic that stopped capitalism in its tracks..... "a clue". You are moving the net, oh so subtly. The original post implied that Fed spending was essentially futile. My argument is that it is not futile, and necessary to help it survive as the pandemic subsides and society begins moving abroad again.
Well, you (and me) hope that will be the case. But the DEMAND I mentioned will be determined by the customers. If there aren't as many, industry consolidation looks kinda inevitable. That doesn't mean that the Fed bailout was futile as the decision was made under the assumption that demand would return and certainly hope it does. My point was to suggest what will likely occur if it doesn't.
BTW, I wasn't trying to be subtle - apologies if you took that from what I posted.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 9:13 am
by Peter Brown
Kismet wrote: ↑Fri Jun 05, 2020 9:05 am
youthathletics wrote: ↑Fri Jun 05, 2020 8:55 am
Kismet wrote: ↑Fri Jun 05, 2020 8:48 am
youthathletics wrote: ↑Fri Jun 05, 2020 8:45 am
CU88 wrote: ↑Fri Jun 05, 2020 8:29 am
All of the Fed spending on airlines is just kicking the can down the road, come this Fall there will be bankruptcies and lay-offs. Right before the Nov Election.
https://www.cnn.com/2020/05/10/business ... index.html
Some of the biggest carriers will dissolve.
What is your end game? Do you want to see carriers dwindle, and then become a monopoly of a select few, driving prices up?
This is how capitalism works. The industry's problem today and going forward is DEMAND - as in there isn't any. So unless demand returns to some semblance of what it was, fewer carriers should be kinda INEVITABLE, no?
In police work, they would call a pandemic that stopped capitalism in its tracks..... "a clue". You are moving the net, oh so subtly. The original post implied that Fed spending was essentially futile. My argument is that it is not futile, and necessary to help it survive as the pandemic subsides and society begins moving abroad again.
Well, you (and me) hope that will be the case. But the DEMAND I mentioned will be determined by the customers. If there aren't as many, industry consolidation looks kinda inevitable. That doesn't mean that the Fed bailout was futile as the decision was made under the assumption that demand would return and certainly hope it does. My point was to suggest what will likely occur if it doesn't.
BTW, I wasn't trying to be subtle - apologies if you took that from what I posted.
Everyone is absolutely kidding themselves if you don't think the Left wants the economy to crater. They do. Let's be honest about that. And I am not saying Fanlax left wants that, but the Left writ large. Heck, they'd want it to crater if Obama was in office...their end game is control, and they get control by anarchy and failure.
Trump will win in a blowout this November and you people are deluding yourselves if you can't see what is coming. He will keep adding dollars until all of you are bursting full of them.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 9:16 am
by Brooklyn
RedFromMI wrote: ↑Fri Jun 05, 2020 8:54 am
New job report out is quite positive (although the numbers are still high) - 2.5 million jobs added, for an unemployment rate of 13.3%, instead of the ballpark figure of 20% a lot were expecting.
https://www.cnn.com/2020/06/05/economy/ ... index.html
It's all part of tRUMP's "great winning".
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 9:24 am
by Peter Brown
Brooklyn wrote: ↑Fri Jun 05, 2020 9:16 am
RedFromMI wrote: ↑Fri Jun 05, 2020 8:54 am
New job report out is quite positive (although the numbers are still high) - 2.5 million jobs added, for an unemployment rate of 13.3%, instead of the ballpark figure of 20% a lot were expecting.
https://www.cnn.com/2020/06/05/economy/ ... index.html
It's all part of tRUMP's "great winning".
The media will go into overdrive trying to poke holes in this jobs report...
By the way, we added 10 jobs in our Florida ops these past two months, and about to add a minimum 5 more.
Also, as a show of solidarity with the beleaguered police across America, I am buying my local police precinct a lunch today: fried grouper from the best grouper spot in America. If I had a house anywhere near any of the cities where the Democrats demonize the police, I'd pick one station there and buy lunch for the men and women who wear blue there, too. Time to man up and start supporting these folks.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 10:55 am
by Peter Brown
I assume we all realize that this thread would be in Overdrive TDS if the jobs report was bad?
A hedge fund guy with a smallish newer fund (less than $1BN) sent out a note on March 18th to his LP's and asked for more dough, because he said, in his words, 'this is the best trading opportunity I have ever seen; the Dow will hit 30,000 before it hits 15,000'.
Now a number of other larger hedge fund guys said the complete opposite: Tepper, Ackerman, Druck, etc.
One thing to always remember: stick to your own guns and don't listen to so-called 'experts'. Your hunch is almost always better than other people's hunches. The market is always correct. The market knows far better than your favorite hedge fund idol out there who happened to know best when his net worth was less than $10 million; now that his net worth is over $1 billion, he's no better than you.
This economy will absolutely sizzle starting in July. Bank on that.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 11:47 am
by a fan
Peter Brown wrote: ↑Fri Jun 05, 2020 9:13 am
Everyone is absolutely kidding themselves if you don't think the Left wants the economy to crater. They do. Let's be honest about that. And I am not saying Fanlax left wants that, but the Left writ large. Heck, they'd want it to crater if Obama was in office...their end game is control, and they get control by anarchy and failure.
1000% false. Demonstrably false.
If this was true? Pelosi, who isn't in any danger of getting voted out, would have simply stalled on bailout bills, and demanded she get everything she wants before signing doodly.
She didn't do that. Only Mitch McConnell, who stalled any meaningful legislation from passing for 6 full years SOLELY to hit Obama politically is that immoral.
No bailouts? Unemployment at 20%+, without question.
So sorry mate, you're wrong. Not everyone shares your sad view of the world. As much as I dislike Pelosi, even I see that she's not willing to starve out Americans to maintain or increase power.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 11:52 am
by a fan
Peter Brown wrote: ↑Fri Jun 05, 2020 10:55 am
I assume we all realize that this thread would be in Overdrive TDS if the jobs report was bad?
Nope.
At some point, you're going to admit that you're OVERJOYED that we have a massive, centralized government to bailout potential depressions.
Picture what Florida would look like if it had to fix all these virus related problems alone, without one penny from the Federal government.
You'd be soooooooo F'ed. Beyond measure F'ed.
You have now seen two times in the past 10 years that your idea of small government doesn't work.
And that, my friend, is why your Republican party makes the Federal government much much larger every single chance they get.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 12:01 pm
by Nigel
Peter Brown wrote: ↑Fri Jun 05, 2020 9:24 am
Brooklyn wrote: ↑Fri Jun 05, 2020 9:16 am
RedFromMI wrote: ↑Fri Jun 05, 2020 8:54 am
New job report out is quite positive (although the numbers are still high) - 2.5 million jobs added, for an unemployment rate of 13.3%, instead of the ballpark figure of 20% a lot were expecting.
https://www.cnn.com/2020/06/05/economy/ ... index.html
It's all part of tRUMP's "great winning".
The media will go into overdrive trying to poke holes in this jobs report...
By the way, we added 10 jobs in our Florida ops these past two months, and about to add a minimum 5 more.
Also, as a show of solidarity with the beleaguered police across America, I am buying my local police precinct a lunch today: fried grouper from the best grouper spot in America. If I had a house anywhere near any of the cities where the Democrats demonize the police, I'd pick one station there and buy lunch for the men and women who wear blue there, too. Time to man up and start supporting these folks.
This was too good to pass up Pete. Well done sir!
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 12:14 pm
by 6ftstick
a fan wrote: ↑Fri Jun 05, 2020 11:47 am
Peter Brown wrote: ↑Fri Jun 05, 2020 9:13 am
Everyone is absolutely kidding themselves if you don't think the Left wants the economy to crater. They do. Let's be honest about that. And I am not saying Fanlax left wants that, but the Left writ large. Heck, they'd want it to crater if Obama was in office...their end game is control, and they get control by anarchy and failure.
1000% false. Demonstrably false.
If this was true? Pelosi, who isn't in any danger of getting voted out, would have simply stalled on bailout bills, and demanded she get everything she wants before signing doodly.
She didn't do that. Only Mitch McConnell, who stalled any meaningful legislation from passing for 6 full years SOLELY to hit Obama politically is that immoral.
No bailouts? Unemployment at 20%+, without question.
So sorry mate, you're wrong. Not everyone shares your sad view of the world. As much as I dislike Pelosi, even I see that she's not willing to starve out Americans to maintain or increase power.
She tried. But the story overpowered her resistance.She had to acquiesce a little.
Wheres she been for a month.
Despite liberal progressive governors doing everything they can to hold back the economy the employment picture which was supposed to lose 7.5 million this week showed a GAIN of 2.5 million jobs. a 10 million job difference.
With No California Michigan Illinois New York or Virginia in the picture.
I hate to think what the next steps democrats will use to get rid of Trump.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 12:16 pm
by Peter Brown
Nigel wrote: ↑Fri Jun 05, 2020 12:01 pm
Peter Brown wrote: ↑Fri Jun 05, 2020 9:24 am
Brooklyn wrote: ↑Fri Jun 05, 2020 9:16 am
RedFromMI wrote: ↑Fri Jun 05, 2020 8:54 am
New job report out is quite positive (although the numbers are still high) - 2.5 million jobs added, for an unemployment rate of 13.3%, instead of the ballpark figure of 20% a lot were expecting.
https://www.cnn.com/2020/06/05/economy/ ... index.html
It's all part of tRUMP's "great winning".
The media will go into overdrive trying to poke holes in this jobs report...
By the way, we added 10 jobs in our Florida ops these past two months, and about to add a minimum 5 more.
Also, as a show of solidarity with the beleaguered police across America, I am buying my local police precinct a lunch today: fried grouper from the best grouper spot in America. If I had a house anywhere near any of the cities where the Democrats demonize the police, I'd pick one station there and buy lunch for the men and women who wear blue there, too. Time to man up and start supporting these folks.
This was too good to pass up Pete. Well done sir!
Lunch has been delivered and I have made my hello! The guys are so great. Maybe the police and sheriffs where I live are super friendly and where you live not so much, but for the life of me, I do not understand the incessant complaining that goes on here and elsewhere about police. One bad cop, Chauvin, and every cop is a criminal. Despicable. I support them 100%. Best guys and women I know. Appreciative and friendly, serious and reflective, considerate and helpful. These guys get spit upon and yelled at by hooligans, and some of you think they are the hooligans? There's a tiny few in every group that are not so good; most are incredible. The police are exactly like that.
By the way, Paul Krugman slandered the 2,400 men and women who work at the Bureau of Labor and Statistics Management today, saying that Trump made those federal officlals write up fake/good numbers. Where's the outrage at Krugman, Dems? I thought a few of you here would post his screeds like Moses' tablets. What a clown. And anyone who reads him is equally a clown.
America is great. Trust in her.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 12:19 pm
by Peter Brown
a fan wrote: ↑Fri Jun 05, 2020 11:47 am
Peter Brown wrote: ↑Fri Jun 05, 2020 9:13 am
Everyone is absolutely kidding themselves if you don't think the Left wants the economy to crater. They do. Let's be honest about that. And I am not saying Fanlax left wants that, but the Left writ large. Heck, they'd want it to crater if Obama was in office...their end game is control, and they get control by anarchy and failure.
1000% false. Demonstrably false.
If this was true? Pelosi, who isn't in any danger of getting voted out, would have simply stalled on bailout bills, and demanded she get everything she wants before signing doodly.
She didn't do that. Only Mitch McConnell, who stalled any meaningful legislation from passing for 6 full years SOLELY to hit Obama politically is that immoral.
No bailouts? Unemployment at 20%+, without question.
So sorry mate, you're wrong. Not everyone shares your sad view of the world. As much as I dislike Pelosi, even I see that she's not willing to starve out Americans to maintain or increase power.
I actually don't count Nancy as 'left' but other than that, your post is also incoherent. I mean the trending left which the Democrats are fast becoming. The left hates Pelosi. They hate Obama. Nut they are becoming the party...either you sign up, or you will be exiled, like McCarthy days. Hillary's spokesman saying "Defund the Police" is a great example of what is happening to the Democratic Party.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 12:22 pm
by a fan
6ftstick wrote: ↑Fri Jun 05, 2020 12:14 pm
She tried. But the story overpowered her resistance.She had to acquiesce a little.
That was for the second bill, six. And even still...that doesn't matter. You don't get to pretend she didn't vote yes, and act like she's out to get Trump.
Pelosi has signed EVERY massive spending bill that has been sent her way since Trump took office. Try and explain why she'd do that if her primary motive was to damage Trump on the economic front?
If Pelosi says no? Not one of those bills passes. We're talking north of $5 Trillion in borrowed spending. And if Trump was a D? McConnell wouldn't have signed a single bill. Not one.
6ftstick wrote: ↑Fri Jun 05, 2020 12:14 pm
Despite liberal progressive governors doing everything they can to hold back the economy the employment picture which was supposed to lose 7.5 million this week showed a GAIN of 2.5 million jobs. a 10 million job difference.
Buffalo bagels, six. My State has been more open than Florida on many fronts. D's and R's have NOTHING to do with shutdowns, so just stop.
Why the F would a Governor intentionally get themselves voted out of office, and deal with severe budget cuts in their State because of lack of revenue from economic activity----with the idea that it would hurt Trump? Sorry, but that's simply insane. That would not just be immoral...it would be political suicide.
And as I said-----there's a TON of Republican States with restrictions to economic activity RIGHT NOW. Are they trying to take Trump out?
No. Of course not.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 12:24 pm
by a fan
Peter Brown wrote: ↑Fri Jun 05, 2020 12:19 pm
I actually don't count Nancy as 'left' but other than that, your post is also incoherent. I mean the trending left which the Democrats are fast becoming. The left hates Pelosi. They hate Obama. Nut they are becoming the party...either you sign up, or you will be exiled, like McCarthy days. Hillary's spokesman saying "Defund the Police" is a great example of what is happening to the Democratic Party.
Hillary was voted out. You're paranoid.
And using your definition of what the left is? The left has no power----zero----on the Federal Level.
Btw, you and Hillary's spokesperson are saying the same thing-------change how policing and Civi Rights are handled in the US. Change how those monies are spent.
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 12:26 pm
by RedFromMI
Peter Brown wrote: ↑Fri Jun 05, 2020 12:19 pm
a fan wrote: ↑Fri Jun 05, 2020 11:47 am
Peter Brown wrote: ↑Fri Jun 05, 2020 9:13 am
Everyone is absolutely kidding themselves if you don't think the Left wants the economy to crater. They do. Let's be honest about that. And I am not saying Fanlax left wants that, but the Left writ large. Heck, they'd want it to crater if Obama was in office...their end game is control, and they get control by anarchy and failure.
1000% false. Demonstrably false.
If this was true? Pelosi, who isn't in any danger of getting voted out, would have simply stalled on bailout bills, and demanded she get everything she wants before signing doodly.
She didn't do that. Only Mitch McConnell, who stalled any meaningful legislation from passing for 6 full years SOLELY to hit Obama politically is that immoral.
No bailouts? Unemployment at 20%+, without question.
So sorry mate, you're wrong. Not everyone shares your sad view of the world. As much as I dislike Pelosi, even I see that she's not willing to starve out Americans to maintain or increase power.
I actually don't count Nancy as 'left' but other than that, your post is also incoherent. I mean the trending left which the Democrats are fast becoming. The left hates Pelosi. They hate Obama. Nut they are becoming the party...either you sign up, or you will be exiled, like McCarthy days. Hillary's spokesman saying "Defund the Police" is a great example of what is happening to the Democratic Party.
Actually his response is quite coherent - and I agree with it. In fact much more coherent than your reply! (more nonsense about your strawman "Left")
Re: The Nation's Financial Condition
Posted: Fri Jun 05, 2020 12:27 pm
by 6ftstick
a fan wrote: ↑Fri Jun 05, 2020 12:22 pm
6ftstick wrote: ↑Fri Jun 05, 2020 12:14 pm
She tried. But the story overpowered her resistance.She had to acquiesce a little.
That was for the second bill, six. And even still...that doesn't matter. You don't get to pretend she didn't vote yes, and act like she's out to get Trump.
Pelosi has signed EVERY massive spending bill that has been sent her way since Trump took office. Try and explain why she'd do that if her primary motive was to damage Trump on the economic front?
If Pelosi says no? Not one of those bills passes. We're talking north of $5 Trillion in borrowed spending. And if Trump was a D? McConnell wouldn't have signed a single bill. Not one.
6ftstick wrote: ↑Fri Jun 05, 2020 12:14 pm
Despite liberal progressive governors doing everything they can to hold back the economy the employment picture which was supposed to lose 7.5 million this week showed a GAIN of 2.5 million jobs. a 10 million job difference.
Buffalo bagels, six. My State has been more open than Florida on many fronts. D's and R's have NOTHING to do with shutdowns, so just stop.
Why the F would a Governor intentionally get themselves voted out of office, and deal with severe budget cuts in their State because of lack of revenue from economic activity----with the idea that it would hurt Trump? Sorry, but that's simply insane. That would not just be immoral...it would be political suicide.
And as I said-----there's a TON of Republican States with restrictions to economic activity RIGHT NOW. Are they trying to take Trump out?
No. Of course not.
Look at Cuomo and Di Blasio. Tell me why the F would they let Macys be looted and Sax Fifth Avenue be wrapped in razorwire.
WHY THE F would they let the worlds most visible symbol of capitalism and freedom BURN. NIGHTLY.
ps. Nancy delayed the passage of the first bill by nearly two weeks.