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What do you do

  • Hover

    Votes: 3 12.5%
  • Wipe and sit

    Votes: 10 41.7%
  • Birdnest

    Votes: 5 20.8%
  • eww, i'm to uppidy to use a public tiolet

    Votes: 6 25.0%

  • Total voters
    24

lesptr

Ninja
Kalash Klub
Lifetime Supporter
Mar 7, 2018
9,150
46,119
113
Newnan, GA
Zip code
30263
I don't think so. This market downturn in this situation is the result of externalities caused by a novel pandemic rather than weaknesses in an internal system of controls (or lack thereof) that caused the subprime lending bubble to pop. The idea that the dollar is going to end because of the reaction to coronavirus is sensationalist at best. At worst, statements like that promulgate panic and make a measured response to the crisis more difficult.

Can you translate this for someone with only a high school education from the mid eighties, please?

Smaller words please.
 

3x

Sasquatch
Site Supporter
Kalash Klub
Oct 14, 2019
13,970
71,126
113
The Diddle Shack
Zip code
30316
Can you translate this for someone with only a high school education from the mid eighties, please?

Smaller words please.
The market is down because of an "act of God," which is different than the last time the market had a big downturn. That was caused because the system itself needed correction - totally unrelated cause.
Trying to freak people out with the idea that the US Dollar is going to end because of this is like screaming "FIRE" in a crowded movie theater.
 

Tedkennedy

Omnivore
Site Supporter
Kalash Klub
May 17, 2016
2,266
13,609
113
Oklahoma
Zip code
74066
I don't think so. This market downturn in this situation is the result of externalities caused by a novel pandemic rather than weaknesses in an internal system of controls (or lack thereof) that caused the subprime lending bubble to pop. The idea that the dollar is going to end because of the reaction to coronavirus is sensationalist at best. At worst, statements like that promulgate panic and make a measured response to the crisis more difficult.

I again disagree. This virus is a handy excuse to take action against an inevitable downturn. If I'm wrong, the CV panic selling will right itself. If I'm right, this economic circlejerk is just the American dollar losing clout.

Either way, it's exposing weakness in our manufacturing base (as in absence of), our reliance on foreign goods, and our generally weak and sensitive population. We cannot just keep printing money to prop up a failing system.
 

Fast306stang

Black Bear under anesthesia
Site Supporter
Kalash Klub
Jul 1, 2015
18,091
98,514
113
Zip code
31028

Tedkennedy

Omnivore
Site Supporter
Kalash Klub
May 17, 2016
2,266
13,609
113
Oklahoma
Zip code
74066

KhyberPass

Vaginal wart inspector
Kalash Klub Mod
Kalash Klub
Lifetime Supporter
Oct 14, 2019
18,181
109,754
113
Space
I don't think so. This market downturn in this situation is the result of externalities caused by a novel pandemic rather than weaknesses in an internal system of controls (or lack thereof) that caused the subprime lending bubble to pop. The idea that the dollar is going to end because of the reaction to coronavirus is sensationalist at best. At worst, statements like that promulgate panic and make a measured response to the crisis more difficult.
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Fast306stang

Black Bear under anesthesia
Site Supporter
Kalash Klub
Jul 1, 2015
18,091
98,514
113
Zip code
31028
I again disagree. This virus is a handy excuse to take action against an inevitable downturn. If I'm wrong, the CV panic selling will right itself. If I'm right, this economic circlejerk is just the American dollar losing clout.

Either way, it's exposing weakness in our manufacturing base (as in absence of), our reliance on foreign goods, and our generally weak and sensitive population. We cannot just keep printing money to prop up a failing system.

Global markets have all downturned btw, not just the NYSE.
 

mark23

Kalash Klub Babysitter
Kalash Klub
Lifetime Supporter
Sep 24, 2015
6,976
39,483
113
Yes
I'm in the majority of people who are just sitting there watching their 401k hemorrhage. Glad I've got 30 years for it to recuperate.

At this point, that's really all you can do. If you happened to bail 2 months ago and saw this coming, congratulations, you are a genius. Hopefully you'll also have the foresight to know when the uptick is going to last and jump back in at just the right moment.

This all just makes you realize it's smoke and mirrors anyway.