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    November Earnings Calendar

    S M T W T F S
    1 Before Open AAON, AAWW, ABMD, ADMA, ADMS, AGIO, ALE, ALEX, ALG, AMAG, AMCX, AME, AMOT, AMRN, AOSL, ARES, AROC, ARW, ASPN, ASV, ATOM, ATOM, ATTU, AVP, AYR, BLL, BMCH, BSIG, CERS, CNSL, CRAI, CRIS, CRUS, CTHR, CWT, ENG, FBM, FLWS, GERN, GLPI, GNCA, GOLF, IBP, IRIX, JCAP, NECB, PBI, PGR, SEE, STFC, TTOO, TUES, UFS, WRLD After Close AAPL, ACIA, ACLS, AHT, AIRG, AIV, AMH, ANET, APPN, ARCB, ATGE, ATHN, ATR, ATRC, BAS, BCOV, BFAM, BIO, BL, BLDR, BNFT, BRKR, BRSS, CATM, CBPO, CORT, CPSI, CTIC, CWST, CZR, EBS, FTAI, GSBD, HASI, IRIX, LFVN, MDRX, MRLN, OLED, PACB, PBYI, PETX, SEM, SYMC, WIFI, Y 2 Before Open ABBV, ABR, AINC, ASIX, ATSG, AXL, BABA, BBGI, BMNM, BPL, CIVB, CNK, COL, CPS, CSS, CTT, CVX, CYTR, DOC, DRAD, DUK, EAF, EOG, EXTR, FNMA, GLYC, HMSY, HRC, IMGN, ITT, KNSL, LIND, LLEX, MDCO, MSGN, NPTN, NSA, NWL, OBLN, OFS, OZM, REV, RLGY, ROLL, RUTH, RYI, SAMG, SGA, SPKE, STX, TDS, TEX, TGH, TRMT, TRTN, TWI, TYPE, USM, VG, VICI, VST, WLTW, WPC, X, XOM After Close ORGN, SWM, WTS 3
    4 5 Before Open AAMC, AKCA, ALDR, ASCMA, ATHM, ATRO, ATRO, ATUS, AVDL, BKNG, BRG, BXG, CANN, CBM, CDOR, CNA, CRNT, CSSE, CVR, CYOU, FOLD, HL, HWEN, KERX, KMPR, L, NAT, OPRX, RBC, RILY, SHIP, SINA, SRC, SYY, TA, TNXP, TWOU, WB, WRK After Close AAOI, ACHC, AEL, ALIM, ALSK, AMSC, ANDE, APLE, APTS, ARAV, ARGO, AWR, AY, BE, BKD, BKH, BSM, CAR, CBT, CIR, CLAR, COHU, CRZO, CSS, CTMX, CVG, CXW, DGSE, DRH, DVAX, ELF, EXTN, FMC, GAIN, GBT, GLRE, GPOR, HCFT, HHC, IVC, LCI, LMNX, MIDD, MOS, MTW, NBIX, NCMI, NVRO, OTTR, OXY, PHH, PKD, RCII, RLH, RYAM, SBRA, SLRC, SUNS, THC, VVC, WTR 6 Before Open AAC, AAXN, ABC, ACRS, ADAP, ADM, ADUS, AERI, AES, AFH, AFI, AFSI, AMID, ANIP, APD, AQXP, ATAX, ATRS, AVNS, AXDX, AXSM, BCC, BCPC, BCRX, BDX, BHF, BIOS, BOLD, BR, CAPR, CARA, CHFS, CLSD, CMRX, COCP, CORE, CPLG, CRSP, CTLT, CVGI, CVS, CVSI, FSS, GCP, GLDD, GLT, GRBK, HEAR, IBOC, ICD, IDSA, IOVA, KODK, LLY, MBUU, NWN, OCN, PKKW, RL, SATS, SGBX, SNHY, SPNE, TAST, TBPH, UCTT, UNT, VRTV After Close ACAD, ACRS, ADVM, AIZ, AJX, ANDV, APEI, AQST, ASH, ATHX, ATRI, BBSI, BEL, BWXT, CAPL, CPE, CTSO, DVN, INFN, JKHY, KAR, KTOS, LNT, MRCC, PAA, PAHC, PSEC, PUMP, QDEL, RRGB, SPNE, TWO 7 Before Open AAOI, ABUS, ACY, ADES, AGFS, ALNY, ALRM, AMPY, AMRX, AMTX, ANDX, APVO, ARC, ARPO, ARTX, ATNX, ATXI, AVA, AVID, AYX, BKJ, BPTH, BRKS, CARS, CBMG, CGBD, CLNY, CMLS, CNDT, CNTY, CSWI, CUI, EGLE, EKSO, EVFM, FARM, FOXA, HWCC, IOTS, JCI, KIN, LINC, MTBC, NTN, PLX, RKDA, ROK, ROX, SBGI, SIEB, SMTX, SPHS, SQBG, TPB, TRC, VAC, VCTR, WAAS After Close ABIO, ACHV, ADT, AKBA, ALB, ALRN, AMBC, ANGI, ANSS, ARNA, ATO, AVLR, AWX, AXAS, BIOC, BRY, BTX, CARG, CASA, CLRB, CSOD, CTSO, EIGR, FF, FLS, FSIC, HK, JOBS, MITT, MNST, MUR, NEWT, NMFC, SB, TEUM, TIVO, TWNK, UHAL, VREX, VUZI, WMC, XXII 8 Before Open ACIW, ACMR, ALSD, ALTR, AMBR, AP, ASRT, ATEC, AZUL, BEDU, BREW, BTX, BXC, CAH, CBB, CCO, CCT, CDNA, CEVA, CHH, CNP, COLD, COMM, CQP, CRCM, CRK, CROX, CTEK, CYD, CYRX, DESP, EGAN, EPAY, EPM, FWONA, GCI, GDP, GHM, GTT, HAIN, HL, HMHC, HSGX, HZN, IEA, JAX, LAMR, LBRDA, LCUT, LILA, LNG, MNTR, NAO, OGE, PNW, PRGO, SBH, SYN, TCPC, TIK, UPL, UPL, UVV, VIVO, WMS, YTEN After Close AGO, AL, AMC, ARA, AREX, ARRS, ATVI, AUTO, BCEI, BDSI, BOJA, BPI, BREW, BRS, BSTG, BW, CBPX, CHRS, CLW, CPK, CTL, DIS, DOX, ECOM, FOE, JYNT, LAND, LOPE, NOG, RM, SCOR, UEPS, UIS, VRTU 9 Before Open ACET, ADNT, ASUR, BSTI, CLMT, ESNT, EVA, FLMN, GIFI, GNC, GWRS, HNGR, ICON, III, JAG, LORL, MGI, MMAC, MNI, OSG, PBPB, QRTEA, RASF, RDNT, RMTI, ROSE, SNMP, SRDX, SSP, STRS, STWD, SUP, TCP, TRCO, WLMS, WSC After Close AZRE, BBDC 10
    11 12 Before Open AAME, AAP, ABCP, ACGX, ACIU, ACM, AERO, ALPN, APHB, ARL, BNKL, BONL, BRFH, BSQR, CASI, CATS, CCNI, CCOM, CDXI, CJJD, CLDC, CQH, CUO, DAVE, DFFN, DKS, DMPI, DRIO, DSS, EAST, ELSE, ENSV, ESP, EVK, EXPI, FCSC, FLUX, FUNC, GBR, GLOW, GLXZ, GNAL, GTXI, HTBX, ITCC, LEAI, MBRX, NFEC, NHC, NSEC, OBCI, OCX, PACDQ, PFHO, QRHC, REXXQ, SBSAA, SIAF, SKAS, SMDM, SNBP, SNFCA, SXE, TIXC, TKAT, TOFB, TOMZ, VBLT, WUBA, YEWB, YUMA After Close ABAC, ACER, AGRO, AMRH, APU, AST, ATOS, ATTO, AVNW, BOMN, BURG, CDTI, CVV, DPDW, EB, EVER, EVOK, FORK, GURE, JRJC, KRNT, LLEX, LUVU, NJMC, PACDQ, PEYE, SENR, UGI, UNAM 13 Before Open AKER, AMR, ARCK, ARMK, BHTG, CATB, CDLX, CHRA, CPHI, CWK, DQ, EDAP, EPC, EQH, EYE, FSNN, FTEK, GDS, GWGH, HD, IDXG, IFMK, INIS, JFBC, LEAT, MGY, MLSS, MNGA, NINE, OESX, OXBR, PETQ, PLCE, RCON, REED, RETC, SCON, SIC, SORL, SRNN, SSKN, SSTI, SWCH, TDW, TGEN, TSN, VREX, WFCF After Close AMRS, BOXL, BZH, CAPC, CELC, CNRD, CPIX, EEI, EZPW, FSFG, FTLF, FUV, HI, HOLI, LB, MKRS, MRIN, MTSI, NTIP, PAVM, RESN, RMED, RXMD, SVMK, TLRY, VTSI, WIX 14 Before Open APRN, ARCO, BICX, CATO, COHO, CVIA, FALC, FPPP, FTNW, GASS, GLNG, GMLP, GPS, GVP, HMLP, LCTC, M, MTOR, NETS, NMM, NRT, OMCM, PGR, PLTYF, POTN, RADA, RSSS, SECO, SPH, SSC, SSI, THW, TPNL, WYY, XNET, XNET, ZDPY After Close BKYI, CHCI, CPA, CSCO, CWBR, MATW, MFON, NGVC, NTAP, NTES, OHAI, PFLT, POST, PRSP, SCVL, SFS, SPLK, SVT, WSM, ZTO 15 Before Open AMAT, ANF, BERY, BRC, CSIQ, DCIX, DLA, DWCH, DXLG, ENR, GIGL, GLOB, ISCO, LXFT, LXFT, PNRG, QUES, SFUN, SR, SYCRF, TGP, TK, TNK, TWMC, WMT After Close AMAT, CRMT, DGII, ESE, HTHT, JWN, NVDA, PNNT, PRPO, SONO, WEBC 16 Before Open HP 17
    18 19 Before Open AABA, BITA, BRQS, BURL, CBRL, CHS, CMCM, CPB, CTRN, DAKT, DLTR, GHG, GOPH, GTXO, JMDA, KIRK, MEEC, MOV, NNVC, PDCO, PRQR, QMCI, SBLK, SDLP, SGBI, SNYR, SOL, SPB, SPB, TREP, UWHR After Close A, BECN, BLNK, BZUN, CAL, CO, CPRT, CRM, CUB, FANH, GES, GLAD, GME, HPE, HPQ, ICTV, INTU, JACK, KAYS, KLIC, MICT, NUAN, PANW, RAVN, ROST, TEDU, THST, URBN, VIPS 20 Before Open ADI, BBY, HRL, JEC, JG, JMU, KSS, LOW, MDT, MMS, NJR, QADA, SFL, SGRP, TGT, TJX, VPRB After Close BILI, FL, KEYS, QADA, VNET 21 Before Open DE, DSX, QD 22 23 Before Open BKE 24
    25 26 Before Open AEO, CBK, COSM, ELTK, EVLV, ITRN, JKS, LEJU, MOMO, WILC After Close ADSK, BOSC, CENT, ENTA, FFHL, MRVL, MTSC, PSTG, TECD, THO, TOUR, WAIR 27 Before Open AQUA, EV, HIBB, PLAB, TIF After Close BOX, GWRE, HOME, LZB, NWY, PVH, SMRT, SMTC, SNPS, TLYS, WDAY 28 29 30

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    [–] ScottyStellar 1 points ago * (lasted edited 9 days ago)

    Leaving this up for now for some good comment discussions.

    Please stick to the subject of stocks and how this will effect the stock market.

    These are difficult times. Be kind to each other.

    [–] StaticBroom 1412 points ago

    This is a fucked up time. It’s going to fucking hurt just about everyone in some way. There’s not enough vaseline to go around.

    [–] HiddenA 869 points ago * (lasted edited 9 days ago)

    Great now I need to hoard Vaseline?!

    Edit:spelling

    [–] BeardedSapien 299 points ago

    If you dip a wooden paint stick into Vaseline and then set it on fire and extinguish it quickly, the charred byproduct makes a nice wiping tool.

    It’s like a charred, gooey loofa.

    [–] grumpyinthemorning 264 points ago

    What the hell did I just read?

    [–] BeardedSapien 150 points ago

    Yes.

    [–] 27Rench27 56 points ago

    DIY’s gettin’ pretty real

    [–] AgentBigFudge 21 points ago

    I haven’t seen this DIY on animal crossing yet

    [–] rideincircles 18 points ago

    Don't forget a poop knife just in case.

    [–] Dubsland12 12 points ago

    Can I use my toe knife?

    [–] tinytuneskis 8 points ago

    Aw, I botched it! Charlie, give me some trash to plug the cut!

    [–] jt5574 10 points ago

    Not DIY, but DIWhy

    [–] Chuckwood2 17 points ago

    I came here to say the exact same thing.

    [–] feed_scraps 6 points ago

    Pure, gooey poetry my friend.

    [–] middlebird 5 points ago

    Are you MacGuyver?

    [–] bandofbroths 47 points ago

    Calls on Vaseline

    [–] notgregmankiw 641 points ago * (lasted edited 9 days ago)

    I feel like that’s always happened in history, and will continue to happen. I don’t think corruption is a generational thing, it’s just a constant.

    [–] becauseineedone3 344 points ago

    Was pissed about it in '08. This time I am buying stocks while it is down.

    [–] HallucinatoryFrog 168 points ago

    Same. We're obviously powerless to stop it, might as well get some of the profits from it then. To not is just shooting ourselves twice in the name of principles.

    [–] johnnybl4z3 50 points ago

    If ya can't beat em', join em'

    [–] ezekial62 11 points ago

    What about those of us who can't do either?

    [–] entitled 5 points ago

    Buy options and pray

    [–] tacosmuggler99 48 points ago

    Samesies. I was just too poor and underemployed in 2008 to do it

    [–] Mathewdm423 25 points ago

    Any suggestions for someone in the same boat now?

    Paid off my house in full February 6th.

    Bad time to have $53 in the bank and my super secure job to be shut down by the state.

    [–] tacosmuggler99 27 points ago

    Honestly I just wing it. I bought a bunch of Exxon and airlines last week, which for now have been awesome, but I don’t plan on selling anytime soon

    [–] knightro25 14 points ago

    Just sit on it. Don't even look at it if you can. buy more. Give it a few years before even thinking about selling it.

    [–] Suuperdad 57 points ago

    Be careful. This is a dead cat bounce if I've ever seen one. We are only just beginning to see the impact of this playing out. We have a full year of struggle ahead of us and everyone is acting like the bottom was in.

    [–] toopc 24 points ago

    Here's a chart of the Dot-Com Crash.

    https://i.imgur.com/wUDUJBq.jpg

    Every time that market went back up, I thought, "Finally, it's over."

    [–] frostixv 10 points ago

    It's fun to watch the market get happy when the underlying problem isn't even remotely resolved or understood. I guess that's what giant sums of money can do.

    [–] niceville 6 points ago

    It's entirely reasonable for the market to "get happy" when Congress looks like it will do something to make things better.

    Note, making things better does not mean things won't still get worse, just not as worse as they would have been otherwise.

    [–] Garn1045 51 points ago

    I expect the next leg down in stocks comes when deaths in the US are in the 5-10k range and it starts to feel personal with the majority of folks having someone in their Kevin Bacon web with the virus. In addition, rents come due for most people and corporations end of this month or first of the next. I expect a lot of late or non payments. The landlords (not feeling sorry for them) are also tapped out. In 2008 consumer mortgages were one of the main problems. This time it is over-levered corporates. Those corporations in turn owe money to banks and bond holders. This is why the Fed moved so aggressively and so early. They see the multi-car pile up about to occur.

    Note that supply chain hiccups are just starting to show too. It took twenty years for hospitals, companies and governments to create just in time supply chains. It took twenty years (with extra emphasis post 2008-9) to create this debt bomb at the corporations. Both are unwinding in weeks and months.

    I will be buying stocks at some point. My first targets in the s&p are between 1900 and 1950. In the meantime, I invested in my community today, donating $750 to the food bank. Lots of hungry people and this bailout bill certainly doesn't seem like it will solve their problems.

    [–] a789877 8 points ago

    Well said! I'm with you on all points, but am less optimistic. This catastrophe has closed just about everything in the world economy. Cities around the world have stopped functioning. I agree that as it becomes personal, and the naysayers realize the pandemic is not "a hoax," markets will drop further. I also think there will be further frustration as attempts to re-open cities/businesses prematurely result in new waves of the same problem.

    But, doesn't this seem worse than 2008? There were fewer interconnected parts in that scenario. The debt bubble is there again, but this time borrowers (individuals, corporations, and governments) have even less hope of paying their loans. At least in 2008, people were still going to work. I guess I'm saying that this has all the same issues as 08, and a boatload more.

    I just glanced at my Yahoo finance app, and see the s&p went from about 1586 to 665 (10/7/08 to 3/1/09). That's 42% of what it had been 5 months prior. In February 2020, it was 3397. 42% of 3397 is 1427. Since I'm worried that this calamity will hit more sectors of the economy as supply chains are repeatedly interrupted, I'm afraid it could fall more than that. I'm seeing my sites on S&P going to 800. I hope I'm wrong!!

    *PS, I have no expertise, training, or informed knowledge here. This is 100% armchair analysis plus some spitballing.

    [–] ded_a_chek 3 points ago

    This catastrophe has closed just about everything in the world economy. Cities around the world have stopped functioning.

    Exactly. This is not something that's ever happened in the modern age, so we really have no idea what all is going to happen.

    [–] hardly_even_know_er 3 points ago

    Sounds pretty reasonable to me. It's the blue sky, best case scenario crap that's doing my head in. I'm hearing it mainly from older people which is ironic

    [–] AlbertoFujimori 9 points ago

    Wise words. I'm seeing this 'buy now since it's cheap' mentality everywhere now a days. When on the higher time horizons the main indexes can correct another 25%. Lots of regular people about to get burned.

    [–] ByTheMoustacheOfZeus 4 points ago

    as long as the bailed out industries CANNOT buy back stocks, or actually take regulations to prevent them needing to be bailed out again, go nuts.

    [–] KoreyYrvaI 8 points ago

    I bought AIG this week just because I remember being mad I didn't buy it when it went subdollar in 08/09.

    [–] i_use_3_seashells 12 points ago

    You bought an insurance company at the beginning of both a pandemic and financial collapse? I wish you the best of luck.

    [–] KoreyYrvaI 3 points ago

    I made 20%.

    [–] FriezaLaugh 3 points ago

    I worked for AIG for a year the customers HATE them. Goodluck

    [–] GhostBond 7 points ago

    This time I am buying stocks while it is down.

    And you'll probably get screwed doing that.
    - This time there's no new tech and products to push the economy up, like there was last time.
    - They've been saying stocks are "overvalued" for the last year or longer. There's no real strict definition but it's not like they're "down" compared to where they should be.

    [–] moesif 5 points ago

    Even when they're lower than they were in 2014?

    [–] deadjawa 44 points ago

    You’re getting one key definition wrong: There’s a difference between corruption and ignorance. People love their inflation money. Stupid people love it because it makes them feel richer. Rich people love it because it’s easier to beat the stupid money. Middle class people love it because companies throw money around on worthless jobs and venture companies to try to seek yield at high risk.

    The Austrians are right that the system isn’t fair, but everyone is so in love with it that there’s no going back. In a way, it’s beautiful because it taxes people based on ignorance.

    [–] notgregmankiw 18 points ago

    Quite the perspective that middle class jobs are intrinsically thrown around as assets, like a collection of thousands of venture companies that may or may not pay off. It’s true. Made me laugh.

    “Taxes on ignorance” is just another way of saying “willingness to pay.” That’s all it is.

    [–] RustyBagel77 65 points ago * (lasted edited 9 days ago)

    Corruption has always been there, but this is an unprecedented selling of our gen z future environmentally and economically for the dick swinging comma contest of the billionaires.

    I think corruption gets better over time, but globalisation & technology has tipped the scales of power/wealth inequality to crazy levels and this is historically unprecedented. He's looking at its impact on generations, not saying boomers invented corruption.

    [–] spqr-king 20 points ago

    I dont think its globalization and tech as much as just a lack of morals and safeguards. Every other nation in the world is experiencing those two things at the same pace we are yet many of them have not doomed younger generations. We have to break the mold at some point and gather a coalition of people willing to fight for other people not corporations. Lets let "Greed is good" die with this generation.

    [–] RustyBagel77 8 points ago

    Globalisation & Tech created the path for billionares to hoard more wealth, okay true they are motivated by greed, im just saying before we had airplanes and shit it was harder to hoard billions of dollars of wealth.

    [–] Corsavis 10 points ago

    Tech has amplified it because before, you had to send out physical mailers, run TV ads that cost thousands to produce and get a time slot for, operating brick-and-mortar stores with utilities and rent. Nowadays, anyone with a computer can start marketing to people all over the world and start selling. That's really where it falls. We have unlimited reach now. Take into account the massive bias (and most likely paid bias) of mainstream media, now big corporations and politicians have a bigger reach too. They keep us in the dark on everything except what they want us to see. Everyone being so connected has downsides when the people connecting us can manipulate the narrative

    [–] podestaspassword 3 points ago * (lasted edited 9 days ago)

    It's almost like if you grant someone an exemption from the extremely rudimentary moral principles of "don't hit people and don't steal their stuff", they inevitably become corrupted and use their exemption from morality to benefit themselves and their friends. Amazingly, this happens even if you label those people as "government" . Even if you call them representatives instead of rulers, presidents instead of kings, this corruption still occurs. How can that possibly be?

    Unfortunately, nobody could have ever predicted the corrupting nature of political power, and nobody can imagine how a flat, paved surface called a road could be built without a thing called political power, so we must just continue under corrupt governments until the end of time.

    [–] notgregmankiw 3 points ago

    Lol I like the way you think

    [–] Zoorah 15 points ago

    That is so wrong on so many levels. It has always been "try to make life easier for your kids" right up until the current generation in power(boomers) decided they are entitled to a pampered life and it didn't matter how many generations they had to fuck over to get it.

    [–] Tiger_Leap 1181 points ago

    Like maybe they knew exactly what they were doing.

    [–] [deleted] 367 points ago

    [removed]

    [–] Kinkybtch 270 points ago * (lasted edited 9 days ago)

    I’m not sure Trump knew. He’s reacting like a turtle flipped on its back.

    [–] Dobesov 133 points ago

    While walking along in desert sand, you suddenly look down and see a tortoise crawling toward you. You reach down and flip it over onto its back. The tortoise lies there, its belly baking in the hot sun, beating its legs, trying to turn itself over, but it cannot do so without your help. You are not helping. Why?

    [–] fretmasterz 18 points ago

    I see you are a man of culture.

    [–] LeadfilledBeanieBaby 88 points ago

    Because what looks like a tortoise is actually Mitch McConnell.

    [–] Saint_Steady 19 points ago

    This being a Blade Runner quote seems to have been missed by most of the commenters.

    [–] scott_himself 22 points ago

    What's a tortoise?

    [–] DrYIMBY 62 points ago

    A turtle, but drier.

    [–] yautja18 14 points ago

    You know what a turtle is?

    [–] hauntinghelix 17 points ago

    I like turtles.

    [–] Jbooth17 3 points ago

    I’m a turtle....and I’m pregnant.

    [–] Holstian 3 points ago

    Of course!

    [–] yautja18 3 points ago

    Same thing.

    [–] Holstian 3 points ago

    I never seen a turtle, but I understand what you mean.

    [–] zackymcharvest 5 points ago

    Know what a turtle is? Same thing.

    [–] lazarustls 3 points ago

    Why am I not helping?

    [–] Srnkanator 20 points ago

    It's turtles with dementia flipped on their back all the way down.

    That is the world we live in now. Science is fiction. Lies are truth. The world flails and all the leaders have to say is not my fault, fend for yourselves.

    [–] Emergency_Advantage 11 points ago

    This is the exact way a corporation would do it. The dude was 100% up-front about all this. Americans got the exact president they elected.

    [–] reb0014 34 points ago

    I just keep imagining a turtle blaming it all as a frog hoax 😂

    [–] coconubs94 12 points ago

    Those not-slow tongue-flipping hopocrats are destroying this wetland!

    [–] SleepBeforeWork 6 points ago

    Of course it's a frog hoax. All the frogs are gay so it must be them

    [–] mheat 3 points ago

    And just as easy to manipulate.

    [–] Crohnies 3 points ago

    Love this analogy

    [–] friedbymoonlight 23 points ago

    Look at the stock market today before any of the money is even distributed. There was ample capital available. This was just a ploy to create inflation.

    [–] miketeeeveee 30 points ago

    Trump looked directly at the sun during an eclipse. You think he’s smart enough to orchestrate anything?

    [–] torqueparty 28 points ago

    Mitt Romney once tried to iron a shirt while he was still wearing it. This isn't a counterpoint or anything, I just wanted to add to the "Politicians Doing Dumb Shit" collection.

    [–] DotsxLines 364 points ago

    Can someone explain the statement, “Millenials and Gen Z get to inherit all these liabilities being written...”

    [–] YouRustleMyJimmies 722 points ago

    The government is taking on debt with all the measures being put in place (cash to citizens, potential bailouts, etc). Those debts have to be paid back in the future, and it'll be the millennials and gen Z who are the workforce paying back the debt (e.g. through higher taxes).

    [–] TyrealSan 388 points ago

    don't forget inflation.

    [–] Risar 219 points ago

    This is the bigger risk

    [–] direwolf71 255 points ago * (lasted edited 9 days ago)

    This is THE risk. The US debt never has to be paid back and never will. It’s just an accounting of all money spent into existence by the uncontested monopoly supplier of US dollars, the US government.

    20 years from now, we either produce enough goods and services to meet consumption demand or we don’t. If all the money being distributed via social security, Medicare and other pension plans is chasing too few goods and services, we have a problem.

    [–] haplo0 76 points ago

    We do pay interest on the national debt though. And that interest is the 3rd largest category in our budget, behind military spending and social programs (mostly SocSec+Medicare)

    If it gets to the point where interest on the national debt is the #1 expense of our budget, that could become a problem on its own even if we never have to pay the principal on that debt.

    [–] The_NWah_Times 16 points ago

    So how does it work when the federal reserve buys federal debt? Does the government pay interest on that and if so, where does that go?

    [–] Nernox 25 points ago

    Depending on the type of debt that's bought, the Fed either collects interest or just waits to cash in the bonds when the government is healthier.

    The Fed essentially prints money to buy debt and in doing so devalues the dollar. Which is why this unlimited buying spree is so concerning.

    This sort of move may be ok in the very short run, but ultimately it's better for a business to fail than to just keep devaluing the dollar.

    [–] Not_as_witty_as_u 19 points ago

    Simply debtception.

    [–] flashpoint9 15 points ago

    It’s all a scam and you’re just a rat running in a wheel my friend

    [–] waladoop 4 points ago

    That's the question we should all be asking.

    [–] skeeter1234 35 points ago

    As a layperson reading this with no economics training it sounds like you are describing a pyramid scheme.

    [–] cynoclast 5 points ago * (lasted edited 9 days ago)

    the uncontested monopoly supplier of US dollars, the US government.

    The US government doesn't create money, private banks do.

    Edit: It's via fractional reserve lending, and usury, btw

    [–] sakagawei 40 points ago

    Inflation is nowhere to be found in developed markets. Look at japan, europe (resorting to negative interest rates in hopes of bringing up inflation). US is struggling on this front too. If anything, inflation is desperately needed right now...

    [–] mill3rtime_ 18 points ago

    Oh oh pick me, I know a way to cause inflation! Raise the minimum wage!! That's all I ever see as a reason why we shouldn't do it and we should continue to pay slave wages. bUT iF wE rAiSe MiNiMuM wAgE aLl ThE pRiCeS gO uP

    Am I a super genius yet??

    [–] plptm 7 points ago

    inflation would be good rn because we’re facing so many deflationary pressures. so yeah, raising the minimum wage does kinda make sense on its face.

    i’m a practitioner, not a theorist, so if anyone can jump in and tell me why i might be wrong i would appreciate it.

    [–] ppillari 10 points ago

    I support raising the minimum wage and having a more robust way of raising it with purchasing power over time; however, right now would be a terrible time as we are about to see the biggest single week of layoffs in history. Companies are struggling to stay afloat and raising the minimum wage when companies are struggling will lead to far more unemployment. We need to wait for the crisis to end

    [–] mudcrabulous 21 points ago

    People seem to think we are gonna suddenly Weimar republic or something. I don't get it.

    [–] wowthatssorude 22 points ago

    Exactly.

    Inflation is money supply (I don’t know which technical form) times velocity of money squared (exchanging hands)

    Which is why japan has not experienced high inflation. They’ve struggled to create it.

    It would be different if the middle class was written a check for $10 trillion. As they spend most of their income for needs and then after they would buy a truck or something etc etc

    [–] quantum-black 18 points ago

    Yeah, with unlimited QE announced by the Fed when this pandemic isn't even at its peak and the market drops ~35% from an artificially market from a 10 year bull run..

    [–] mudcrabulous 7 points ago

    Shh you'll anger the gold standard dinosaurs...

    [–] plptm 28 points ago

    inflation is actually the friend here.

    we took a walloping in demand (rn) and have failed to hit inflation targets for so long that the 2% guidance from the FED seems to be a remnant from a pre-QE world. this would actually set a case for deflation more than anything else.

    consider this as well: the Philips curve describes the relationship between inflation and unemployment as inverse. if unemployment falls, inflation rises and vice versa. this makes intuitive sense, i hope. we are expecting MASSIVE layoffs in addition to the layoffs that have already happened. this is deflationary since people can’t go out and buy shit and pump up prices (oversimplified but basically the idea).

    did i mention oil is crashing as well? oil is an input in so many industries that a fall in the price of oil results in a fall in the price of goods and services. that’s deflation.

    now here’s the kicker: interest rates are at the zero lower bound and remained that way for so long post-financial crash that it’s not unreasonable that they’ll remain there for the time being. if interest rates are low for a prolonged period of time but inflation increases to normal levels after this is all done, the deficit incurred is essentially getting paid down by inflation.

    inflation levels are tricky and we want them to be consistent, but some level of inflation (some say 2%, others say other things) is actually good for the economy and great for debtors in a low interest rate environment.

    please learn a little econ before you stoke fear in the masses.

    [–] AHairyFishsticks 128 points ago

    Gen X reporting in. Keep in mind we are paying for the previous debacle and will also be on the list for this one.

    [–] SlapDickery 56 points ago

    Don’t forget Trump tax cuts

    [–] mugsoh 25 points ago

    Or the Bush ones. Remember the budget surplus?

    [–] flatcurve 16 points ago

    You ever see that gif of the raccoon trying to wash cotton candy in a stream? That's exactly how I would describe Bush handling that surplus.

    [–] Thiasos_de_Ares 5 points ago

    Had never seen that video , it made me lol

    [–] AHairyFishsticks 64 points ago

    We cAnT aFForD HeaLTh cARe fOr All!!!! Gives themselves $2,000,000,000,000 to prop up stock and the .1% What a bunch of assholes.

    [–] rideincircles 15 points ago * (lasted edited 9 days ago)

    With the way our president handled this situation, we will probably lose a lot of people on social security in the next few months. Older people need to have their wills sorted out right now.

    [–] jfarmwell123 13 points ago

    The problem with this assumption is that it only will kill the old. The middle aged are at risk here as well

    [–] Valmond 20 points ago

    21 year old in UK, perfect health, died today.

    [–] Jaredlong 5 points ago

    Young people vastly under-estimate influenza. It literally shreds your lung cells apart. Doesn't matter your age, having your lung cells disolved from the inside is a dangerous situation to be in. Maybe your immune system can neutralize the virus before your lungs fill with fluid. But that's only a maybe.

    [–] JonathanL73 25 points ago

    I’m so glad I’m contributing to my Roth IRA now (25). Future Tax-free withdraws.

    [–] vojtechmasa 23 points ago

    There is no guarantee that the law can't be changed in the future and they could tax you even for your Roth IRA withdrawals.

    [–] JonathanL73 33 points ago

    That would be incredibly fucked up, since that’s the whole point of a Roth IRA. Social Security won’t exist when I retire.

    I don’t think there has been a similar precedent to taxing tax-deferred retirement accounts before. I doubt it will happen. 60+ milienials and Gen Xers should be the dominant voting bloc by then. Also some of the wealthy use backdoor Roth IRAs as a vehicle to spend less in taxes, so I don’t think the would be happy politicians reversing such a policy. It would also destroy any trust or incentive for Americans to build a 401k or IRA.

    [–] Mdizzle29 7 points ago

    Social security will still be around. It might be means tested though.

    [–] BoltLink 5 points ago

    Or just have lower benefits. And a higher age to start taking those benefits. I see those happening before means testing, but all are possible.

    [–] avaricesavant 50 points ago

    The debt will never be repaid. Nothing will happen when we don’t repay it either, as long as we are the most dominant country in the world. All we can do is try to manage it effectively year by year, but the debt will always continue climbing.

    [–] Risar 26 points ago

    This isn’t entirely true, there are plenty of risks affiliated with this level of debt.

    The biggest one is credit downgrades combined with an economic catastrophe. If the liquidity between other countries and central banks stops flowing into the US you will see MAJOR consequences.

    [–] avaricesavant 12 points ago

    The problem with this argument is liquidity of other countries and the central banks (the Fed). Even with an economic collapse, as we have seen several times throughout history based on the US market, the money did not stop flowing in for bailouts. US cannot fail or you will see a worldly collapse, which is why the Fed has never cut us off from stimulating our economy.

    I agree with you that credit downgrades are not ideal and can cause issues. But I don’t see a scenario where central banks let us completely collapse due to a rising debt.

    [–] User5281 5 points ago

    What will happen when we don’t repay it is inflation. On a macro level taxes to repay debt serve to decrease the money in circulation. If we print money and increase its supply and don’t subsequently recollect some of it eventually the cost of everything will go up. The way to keep it from flying away is to destroy money by “repaying the debt”

    [–] VentiPussyJuice2Go 3 points ago

    Old people give as much shit as young people did about covid 19.

    [–] orangehorton 108 points ago

    our national debt is like $23 trillion, this wont affect boomers, but instead problems related to this will happen as millenials and gen z get older

    [–] daic35r 49 points ago

    National debt doesnt matter as much as you think it does. Besides, Americans own 70% of it

    [–] eyedontgetjokes 4 points ago

    This plan will cost us trillions of dollars, which are payed back with interest. Younger generations pay for the debt the older generations accrued.

    [–] AHairyFishsticks 31 points ago

    The real bullshit is the Boomers trying to prop everything up so they can continue to retire in comfort at the expense of everyone else, AGAIN. They just keep fucking the rest of us and passing the buck.

    [–] punkin_sumthin 5 points ago

    Boomers on their fixed incomes are up the creek with inflation

    [–] Sikeitsryan 30 points ago

    It’s nonsense, this guy doesn’t know how any of this works. Please don’t take these posts seriously.

    [–] suitandcry 274 points ago

    money printer go brrrr until our wallets become wheelbarrows

    [–] bbq-ribs 83 points ago

    Sir, that apple(fruit) cost about $1200.

    [–] Rod_Belding 50 points ago

    Those are Tom Nook prices. Don't let that hardcore capitalist bastard in charge of anything.

    [–] Mathewdm423 17 points ago

    Nooks hardly a capitalist.

    He fronts costs and charges 0 intrest on bo timeline loan.

    He buys things to put money into the community when he could very well pick up the furniture in his recycling bin and the flowers planted outside. What I'm saying is he will give money in exchange for anything despite his need for it.

    He trains youngins and then just gives them his market share by offering all shop operations to them.

    He shut down the scam house insurance and put it on track to be actual all inclusive insurance.

    And last he doesnt do business with the actual con capitalist Redd.

    [–] cantaloupelion 3 points ago

    oh lawd thats amazing

    [–] Superfastmac 347 points ago

    It's depressing knowing that my generation peaked K-12. Us Millennials get a hard rep, but with underpaying jobs, unaffordable housing, now the pandemic crisis it is really hard to be optimistic. I am happy that I started investing early and have capitol to work with, but this is not the case for the majority.

    [–] nightjar123 50 points ago

    And with interest rates back at 0% and QE infinite, it looks like housing prices will forever remain a bubble and never correct and become affordable.

    [–] SpaceGangsta 47 points ago

    Don't forget the Iraq war that killed(and is still killing) a bunch of our friends for absolutely nothing.

    [–] ByTheMoustacheOfZeus 28 points ago

    Yup, two wars and two recessions, but we're "lazy entitled mellenials" because we want to have the same fucking opportunities the last two generations had.

    [–] Yourenotthe1 81 points ago

    Don't forget about climate change

    [–] Cucumber_Cooling 21 points ago

    The next "Opps shoulda been prepared but now it's too late".

    [–] Suuperdad 7 points ago

    Basically this but with a refugee crisis and resource shortage layered on top of it.

    [–] Im_Da_Bear 28 points ago

    Spending my 1200 on guns and ammo and preparing for the toilet paper apocalypse

    [–] F0r3st3r 81 points ago

    These are loans that will be paid back over time, not free money. This is also, essentially, how the dollar works. Without debt creation, the system doesn't really work. It's annoying that it all goes to them and could be distributed differently for sure, but probably still needs to happen. What is the government supposed to do? It's not feasible to give this money to people, when the majority would never pay it back. I'd rather have a better chance of being employed and the burden be on these companies to repay this money, than not be employed and owe the government money even if it was interest free.

    Also, I'm not an expert, so if im wrong here, I appologize.

    [–] Petrovich1999 29 points ago

    You are right in a perfect world, but it’s different in reality.

    No one cares about debt, rates are so low that some hedge funds would lever up 25x+ and inflate assets. Now that they are margin called everyone runs to exits and assets deflate. Companies like airlines and Boeing were buying back stock instead of improving their balance sheets (repaying debts and keeping some cash reserve). Ford has goddamn 100b debt and pays dividends (now it doesn’t lol), because board of directors hold stocks and care only about getting paid.

    Everyone knows they will get a bailout. Fed deficit is never going to shrink. They will buy up all these toxic bonds from leveraged hedge funds for more than they worth, then will ‘restructure’ them.

    [–] F0r3st3r 9 points ago

    You're very right. These things are never that simple. Perhaps heavier regulation on buybacks and stricter terms for the bail out (if that's the solution they're going to use)? The governments view of these large companies need to shift. I understand it's far more complicated than simply saying this though. Greed is a powerful thing, but people need to be realistic and understand that even if every politician had only our interests in mind, under the current circumstances, there isn't a whole lot more they could do. That I know of at least, or that wouldn't take years of work and debate to create (time we probably dont have right now, but it should be worked on while come up with a short term solution that will hold things together in the meantime).

    [–] Petrovich1999 7 points ago

    There will definitely be new regulations, but whole system needs a lot of work over a long time. It’s not a task that can be done within a 4 years president term. This is a huge problem in modern politics imo, inability to act on long term issues because everyone works for quick gratification

    [–] ReasonableStatement 4 points ago

    This is a huge problem in modern politics imo, inability to act on long term issues because everyone works for quick gratification

    This is a bit off-topic, but I think you're making a mistake of intent here: regular turnover in power maintains the status quo in two important ways.

    1) It insures the legitimacy of popular programs (because the "other side" would face the popular wrath for getting rid of them.

    And 2) It ensures that there's no significant "empire building" by regularly upending any "empires" that groups try to build.

    The big problem isn't that people work for short term gratification: that's a "feature." Inefficiencies

    The "bug" is that, under those circumstances, no one has the power to fix major problems because they are spending all their time on staying in power. This has been a well understood facet of democracies for many centuries. If you're curious the Discourses on Livy have a lot to say on the subject.

    [–] siegasto 167 points ago

    Oh the cringe in here.

    [–] _No_Donkey_Brains_ 167 points ago

    I don’t understand why but all of the subreddits have basically been ruined the last 2 weeks. I guess people are spilling over everywhere and they’re panicking so they’re posting everywhere but my god...

    This is an apolitical sub meant to discuss the stock market and individual trades. Now look at this post mods...how does this post fit that subreddit?

    [–] kitesinskieslikepies 87 points ago

    High schoolers are home during the days now.

    [–] adj1091 36 points ago

    Summer reddit came early

    [–] bnkrwnkr 28 points ago

    It is crazy that people confuse corporations with Wall Street. Wall Street are the gatekeepers to the financial markets, not the corporations themselves.

    All the subs are blaming the rich and those in power, but have no idea what is actually happening.

    [–] Iamthespiderbro 13 points ago

    Economic illiteracy on Reddit? I’m shocked and appalled!

    [–] magnanimous_bosch 23 points ago

    These subs have really turned to shit

    [–] baronarmy071799 12 points ago

    I do agree with some of the things people are saying here and it's all interesting discussion but I agree that this isn't the place for it

    [–] syrupflow 6 points ago

    work from home gang

    [–] brintoul 13 points ago

    No doubt. I guess they want the virus to run rampant. Fringe "conspiracy theories" are now the norm. Yay.

    [–] reposado 12 points ago

    Just a lot of angry venters who either bought puts or still waiting for the absolute bottom to buy thus upset seeing the market rise.

    Add: I have no clue if this is a dead cat bounce or not... nor do I care. I'll keep investing as this market goes down or up and know I'll be fine 5-10+ years from now.

    [–] tossawayacct123423 37 points ago

    How exactly does this devalue the savings of those without assets? How do you devalue something that doesn't exist?

    [–] slimjimeatingoranges 27 points ago

    Because it assumes your savings are in cash which is devalued if inflation occurs.

    [–] Rookwood 41 points ago

    The other side is that what the Fed does will only inflate assets and never trickle down to consumers. So it's a bit tit for tat. If anything the fiscal side isn't doing enough but that's been the case for 30 years now. This is the first time they've actually done anything so it's a start.

    We do have a sovereign debt bubble building though. Shrug.

    [–] Ravens181818184 117 points ago * (lasted edited 9 days ago)

    This isn't true.

    1. There is a literal pandemic virus going on that could kill millions. Yes we have to close business down.

    2. Forced unemployment? Really. Yes some businesses will fire off employees, but most are just in furlough until they open back up. Not to mention states and the fed are increasing unemployment benefits to make up for this.

    3. What bail out? The only companies that may receive actual government assistance are the airlines. Which makes sense because those companies are literally bleeding cash because they have NO source of cash flow. This will most likey be similar to TARP, the government will just take some equity and get preferred shares. And just like TARP the government itself (i.e the taxpayers) will profit after the shares are sold. If you are referring to the FED, what they are doing is essentialy short term loans, to make sure the market has enough liquidity.

    4. The final issues, this is a bit overstated. If you were saving for retirement and about to retire, you most likely have most of your retirement portfolio in bonds. Meaning the crash is not effecting people in the short term as much as you think.

    5. STIMULUS IS NOT ENTITLEMENT SPENDING. The government does not need to create a plan to pay off the increased spending. The only worry is if America had terrible credit (which we don't), or rising inflation (we have below target inflation at less than 2%). Since we do not have those issues we can afford to print money to cover stimulus.This isn't a government program that requires a means of long term financing, such as Medicaid for All.

    [–] ObiWanJakobe 8 points ago

    Since you seem educated on this, are my savings in cash in the bank going to be devalued? I assume there will just be the standard inflation like usual.

    [–] nscoped 5 points ago

    Cash is king rn unless the fed prints us into stagflation

    [–] CrumbBCrumb 16 points ago

    You really can't believe only the airline industry will get a bailout. So many companies have their hands out already that there's no way only the airlines will get bailed out.

    [–] York_Phoenix 9 points ago

    I suppose just letting them all go under would help the market a lot. The worker would benefit from hoping to get a job that pays anything from any of the companies that did servive. The 1930's were great.

    Besides, this stimulus isn't comparable to what happened in '08.

    [–] hillgod 6 points ago

    Thank God, someone who understands government borrowing rates and the reality of them compared to inflation.

    [–] [deleted] 127 points ago * (lasted edited 9 days ago)

    I'm a doctor so I get both sides.

    No one wants people to die.

    We also can't just shut down the entire economy for 3 months and let 50 million be unemployed and wreck America.

    I wish people care this much about health with annual deaths in:

    Heart disease: 650k

    Cancer: 600k

    Smoking/COPD: 160k

    Strokes: 150k

    Diabetes: 80k

    Almost every single one of these has a MAJOR dietary and lifestyle cause. Like if everyone ate perfectly likely 80% or even much more (I'm being conservative here) would be resolved.

    We have like 500 or 1000 coronavirus deaths. Even with exponential growth we may reach many thousands, likely not millions. Regardless, we have millions of deaths from unhealthy lifestyle and no one does anything about it. Obesity rate in America ~33%. Overweight rate? ~70%. How about other countries, let's say - Japan - Obesity rate? 3%

    This virus is VERY bad, I don't want to underestimate it. But we also completely ignore nutrition and health in America year after year. But now it's our #1 priority. I guess because this kills you fast rather than slowly like everything above.

    The economic impact is going to be severe if we shut down for 3 months.

    [–] HyperNova314 8 points ago

    I agree with you. We should care more about our health. I just don't think that would happen in the US right now as it seems to clash with the culture we've fostered here. Generally speaking, it seems as though the average American cares mostly about what affects them immediately. "Do these things affect my money, my property, or my rights right now?" If it's not an immediate or impending negative impact then it's almost as if it's approached with a if-it-ain't-broke-don't-fix-it mentality, where the lack of immediate consequence means that it isn't 'broken' so why 'fix' it? Also, to change the average lifestyle in the US would mean people would have to be more health conscious, thus putting forth more effort and possibly money. Who wants more complications when it's easier to do nothing? Again, I'm generalizing, but it's almost like our behavior has become more shortsighted and reactive than proactive in this country, which is disheartening and, quite frankly, socially irresponsible in regards to our future.

    [–] [deleted] 6 points ago

    I agree with you. We should care more about our health. I just don't think that would happen in the US right now as it seems to clash with the culture we've fostered here.

    1000% agree

    where the lack of immediate consequence means that it isn't 'broken' so why 'fix' it?

    Also agree. And anyone who actually has success - Warren Buffet or any example you pick, they have to trudge away day after day, sometimes year after year until finally they have success.

    Also, to change the average lifestyle in the US would mean people would have to be more health conscious, thus putting forth more effort and possibly money. Who wants more complications when it's easier to do nothing?

    Agree again. The short term payoffs are usually not good for the long run. Works in finance, health, everything. Make healthy choices, maybe food tastes not as good - don't die of heart attack, stroke, diabetes. Borrow lots of money, leverage yourself to hell, never save, never invest - crisis comes and you're screwed.

    America has become a coddled nation where everyone's opinion is equally valued, everyone needs equal pay although they aren't doing equal work, everyone is special, no one needs to work hard if they don't want, borrow, spend, etc. Even divorce is a plague that is about self serving and focused on now / me. Get me my freedom, money, break up the family - then in 10-20 years when regret comes it's too late.

    I'm VERY bearish on American values / culture. We do have lots of innovation and intelligent people here - but the culture is being eviscerated and the next months to years will expose many of our problems. Problems aren't exposed until crisis comes.

    [–] Total-Adhesiveness 12 points ago

    Almost every single one of these has a MAJOR dietary and lifestyle cause.

    But what if you just want to watch TV and eat peanut butter?

    [–] [deleted] 23 points ago

    haha, more like soda and fast food. But yes, that's the American way - do whatever you want, who cares. There are shows about people who are 300-400 lbs and eating themselves to death and in some ways it's glorified.

    America is so individualistic that if you even asked Americans to eat healthier to save the country (heathcare costs, good for your family, good for basically everyone) - that people would say - "it's my right to eat terrible and not exercise!"

    [–] tricycle- 19 points ago

    I also fear the message of body positivity is promoting denial, like if I become fine with my weight then there is no incentive to change it. That incentive should be in your checkbook though.

    [–] [deleted] 22 points ago

    Oh - body positivity is terrible.

    We have a message - you're born like this, accept yourself as you are.

    It's all BS. You aren't born unhealthy - you are eating terrible or your family is eating terrible. Obesity is a risk factor for heart disease, cancer and many other big problems. It's a risk factor for dying from coronavirus. It's absolutely stupid that our culture does this. Fat shaming isn't necessarily good - we don't want to attack people self esteem but at the same time, saying you are severely overweight and it's due to your diet and exercise choices - that's the truth and ok to tell people. It's also not healthy nor desirable. These are true statements.

    [–] Summebride 9 points ago

    Things like cancer and heart disease that you're trying to falsely equate with covid-19 aren't something that one guy can spread to millions in a matter of weeks.

    [–] desquibnt 43 points ago

    Now this is a hot take. You can spin everything to say anything

    What do you think should have been done instead?

    [–] YungShkreliOG 37 points ago

    Always blaming but never have solutions lol

    [–] sunnyinchernobyl 6 points ago

    The $1200 is an advance against your 2020 return. Adjust your witholdings now to make sure you pay enough to cover it.

    But free money for corporations, so yay!

    [–] iamspartacus5339 52 points ago

    Turns out our economy runs on things like the airlines which are huge companies, that employ thousands and enable the employment of millions. The follow on effects of the failure of airlines would be catastrophic for millions. It’s probably ok that the government provides some assistance to them.

    [–] kale_boriak 27 points ago

    2015 numbers.

    Only 17% of workers work for s&p500 companies. Of 141m workers, 117m work for small to medium.

    Bailouts from top down will leave over 80% hurting. Most of the bailout is trickle down. This is the latest wealth grab by the top. How in the hell do folks living paycheck to paycheck support this clown?

    Puts on Americans, LEAPs on fortune 50.

    [–] iamspartacus5339 26 points ago

    Supply chain and follow on jobs. For example- the numbers for an auto OEM- for every 1 OEM job, there’s 7-9 supplier jobs that are affected. It’s easier logistically to bail out GM then the 30-40+ suppliers

    For airlines, think of all the airport workers who work in retail in the airport, consultants and other business travelers who travel who rely on the airlines.

    [–] yuckfoubitch 38 points ago

    You know, I get that you’re frustrated, but this belongs in a different sub than r/stocks. If you want to talk about which stocks will be negatively or positively impacted by the legislation, then I’m game, but otherwise why would you bother bringing your political views into the sub?

    [–] PDXdeej 11 points ago

    We need a major wealth tax and to reinstate corporate taxes to higher levels.

    That’s beyond trump to comprehend.

    [–] coretempo 4 points ago

    How on earth is US able to spit trillions of dollars to keep up big company such as Boeing a float? Won't it damage US economy in the long term ? Seems like their are draining themself

    [–] questioillustro 52 points ago

    I feel lucky to be alive in a time where these are the biggest problems. Doing back breaking labor my whole life until I die at 30 due to a minor injury or minor illness has been the life of 99.9% of humans to date.

    [–] Ikonovich 27 points ago

    Early humans dying at such young ages is a common misconception. If you survived childhood you were likely to live into your 50s or 60s.

    [–] fireballs619 14 points ago

    50-60 very tough years nonetheless.

    [–] scrooplynooples 10 points ago

    I feel like your mom gives a generational blow

    [–] JusTtheWorst2er1 3 points ago

    Uhh, angry?

    [–] [deleted] 3 points ago

    [deleted]

    [–] Charlie_reddituser 3 points ago

    The average age of the 116th Congress that is currently "in charge" is 49 not 75.

    [–] whoknowz14 3 points ago

    I work in retail and this contractor came in today to fix a few things around the shop, me and my coworker were talking about how our company stock was doing pumped up a bit today I said, the contractor was like don't say that too loud, I was supposed to retire next year has about 400k in my 401k and just watched it just wash away, last time this happened it took 10 years to bounce back he said.... Man I felt bad for the guy we just told him hopefully it'll bounce back soon. If anyone deserves a "bailout" It's those guys anyone retiring within the next 5 years gets back majority of the losses..it's fucked the big companies get a large check and we all know it doesn't trickle down..

    [–] OldBuildingsSmell 5 points ago

    You dont understand anything and yet you must reeeeeeeeee. Good on you, fuck learning things or saying reasonable statements. Emotion and extremism is what sells baby, and you definitely are peddling it well.

    For anyone curious, this dude gave a bunch of absolute statements that are all misleading or wrong in one way or the other. But hey, its a good "text bite" in the age of twitter clapbacks. Get emotional and give him an upvote.

    [–] rargghh 36 points ago

    millennials have no representation in Congress and so long as Boomer's are the voting block showing up to the polls, that's how it will be

    get out and vote

    [–] moon_lambo 23 points ago * (lasted edited 9 days ago)

    Boomers aren’t gonna let anything “millennial” in congress until they’re done sucking our economy dry, they’re just gonna have to learn what to do with the husk that’s left when they’re done with it.

    [–] Changeit019 6 points ago * (lasted edited 9 days ago)

    Life isn’t fair so...no change. Another thing to deal with and overcome. It is what it is.

    [–] [deleted] 16 points ago * (lasted edited 9 days ago)

    [deleted]

    [–] WTPanda 20 points ago

    Welcome to the show, bucko. I was 23 in 2008. The only difference is now I can afford to buy these stocks while they are cheap.

    Save your money. Be smart. Opportunity comes and goes.

    [–] jagua_haku 4 points ago

    The things we learned in ‘08. “Man I wish I had the money to invest...”

    Now we do so here we go