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OT: Coronavirus (COVID-19): Part V

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sbjnyc said:
So what was your point then?
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That the government has thrown trillions in public spending around for a generation and the super-inflation we keep hearing about hasn't happened.

It's a spook to justify not spending on real people while the government pulls money from thin air for their own interests.
 
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sbjnyc said:
Or they could just let all the pension funds and 401(k) plans fail. I'm sure you think that would be awesome. Most americans have some form of stock ownership whether directly via a brokerage account or indirectly through retirement plans and college savings.
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Honest question. Is this true? Statistically? More Americans have investments than not?
 
sbjnyc said:
Are you suggesting it is a crime to short stock or buy put options?
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It’s not, but it should be. Can anyone explain to me how bets against the stock market are beneficial to an economy/society? I am all about investing in ideas you believe in and potentially benefiting from growth and good management, but why should anyone benefit in the opposite scenario?
 
Wife got an email from her hospital that over the next week they will be giving antibody tests to all workers who have been working with Covid patients. They will also be giving weekly regular testing for workers who will continue to work with them.

Another good sign of testing availability and I'm personally pretty happy that I'll have a pretty good idea of if we've had it already, and if not, when we do.
 
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Synergy27 said:
It’s not, but it should be. Can anyone explain to me how bets against the stock market are beneficial to an economy/society? I am all about investing in ideas you believe in and potentially benefiting from growth and good management, but why should anyone benefit in the opposite scenario?
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I'll keep the idea at a high level (not touching thornier issues like naked shorting, etc).

Taking an opposite position on a stock is necessary for accountability.

If I believe in Company A is trustworthy, putting out a good product, and has good vision for a successful vision, I can invest and hold a long position on their long term growth. Conversely, if Company B I find to be wasteful, ineffective, or has poor vision, I can take the opposite, a short position as I believe they won't do as well in the future.

Beyond price discovery, this bet against Company B is what in theory, should hold their feet to the fire to perform better in the longterm. Company B wants their stock/value to rise just as much as Company A, so they should employ effective management in order to do so.

Accurate pricing (the push and pull between long and short positions) is necessary so you don't create asset bubbles. The above can be extrapolated to investing not just in single equities, but entire sectors or markets as a whole.

For the above to work as designed, average investors need access to regulated and truthful financial reporting and the system needs to ban and punish untruthful accounting practices.
 
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frozenrubber said:
I'll keep the idea at a high level (not touching thornier issues like naked shorting, etc).

Taking an opposite position on a stock is necessary for accountability.

If I believe in Company A is trustworthy, putting out a good product, and has good vision for a successful vision, I can invest and hold a long position on their long term growth. Conversely, if Company B I find to be wasteful, ineffective, or has poor vision, I can take the opposite, a short position as I believe they won't do as well in the future.

Beyond price discovery, this bet against Company B is what in theory, should hold their feet to the fire to perform better in the longterm. Company B wants their stock/value to rise just as much as Company A, so they should employ effective management in order to do so.

Accurate pricing (the push and pull between long and short positions) is necessary so you don't create asset bubbles. The above can be extrapolated to investing not just in single equities, but entire sectors or markets as a whole.

For the above to work as designed, average investors need access to regulated and truthful financial reporting and the system needs to ban and punish untruthful accounting practices.
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I appreciate this. Thank you. I do see a lot of “should” and “in theory” though.

My view on the markets is biased. I know it is. I have engineering degrees, and I’m sickened to see technical types drawn away from solving big problems so that they can enable fractional advances in financial models that result in absurd gains for a few people.

I am also tired of GDP and the DJIA being cited to quickly gauge how well the American people are doing. These metrics are irrelevant to the day to day experience of the vast majority of people. A lot of people are brainwashed into thinking that they are relevant though, even though they don’t understand how or why, and as such we repeatedly enable those who are actually directly tied to it to pillage the tax base to continue to prop up the house of cards and maintain their real wealth. It’s not going to last forever.
 
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NYSPORTS said:
could say those episodes were based on the Spanish Flu too. Amazing how that pandemic and this one is so close to 100 years apart (99)
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This one isn't even close, though. The Spanish Flu back in 1918 infected one of every three Americans. That means that there would have been more than one case in every household, literally.
 
Keep Kreider said:
This one isn't even close, though. The Spanish Flu back in 1918 infected one of every three Americans. That means that there would have been more than one case in every household, literally.
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the point is 100 years to date and Little House on the Prarie episodes. As far as “being close”, the Spanish flu was around for 3 years while Covid19 has been around a little over 3 months. Like the Flu, we will likely all be exposed in time so hoping for a vaccine.
 
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Fireonk said:
Wife got an email from her hospital that over the next week they will be giving antibody tests to all workers who have been working with Covid patients. They will also be giving weekly regular testing for workers who will continue to work with them.

Another good sign of testing availability and I'm personally pretty happy that I'll have a pretty good idea of if we've had it already, and if not, when we do.
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That’s very good news. Plz tell her thank u for me and my fiancée.

She’s a hero to be sure
 
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Synergy27 said:
Honest question. Is this true? Statistically? More Americans have investments than not?
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It's lower than it was after the financial collapse but still over 50% based on a report by the federal reserve (using households rather than individuals). I don't think that includes indirect investments through things like pension plans. Over half of american workers take part in workplace retirement programs and nearly a quarter have a pension plan.
 
MEXICO CITY — The Trump administration and major U.S. manufacturers have pressured Mexico to keep factories that supply the United States operating during the coronavirus pandemic, even as outbreaks erupt and waves of cases and deaths sweep the companies.

Mexico must be responsive to the United States’ needs right now or, the U.S. ambassador to Mexico has said, risk losing the jobs that these factories provide.

“You don’t have ‘workers’ if you close all the companies and they move elsewhere,” Ambassador Christopher Landau said on Twitter. “Of course health comes first, but to me it seems myopic to suggest that economic effects don’t matter.”
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As Workers Fall Ill, U.S. Presses Mexico to Keep American-Owned Plants Open
 
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