Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Pretty much everyone is expecting a deal of some sort to happen, but I don't think it actually has yet.
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Why? The average Joe is making more on unemployment than their kitchen cook or bus driver job.
Khane
Got something right about marriage
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Those unemployment benefits end. The argument that the majority of Americans are just going to stay home from now on and "live the good life" is a very short sighted one. Unless we're all under the impression the Fed is going to release a new 2T "stimulus" package every month from now until the end of time.
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Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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I was gonna use my states calculator to verify if this was true or not here, but this is what I ended up seeing. This is to calculate my benefits, not even fucking apply.
Sanrith Descartes
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Indyocracy
Stock Pals Participant
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Spy put for 279 expiring today, let's see those job numbers, who wants to hold over a holiday weekend right?
update sold 1 contract at a profit and bought 5 more when it went back above 279 working from home is the best
update sold 1 contract at a profit and bought 5 more when it went back above 279 working from home is the best
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Pops
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Yeah that flu sure wiped out the economy.
You know we close early today, right?
Pops
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WinterMutation
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Sanrith Descartes
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Sanrith Descartes
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JPMorgan temporarily halts small business loans outside federal scheme
Biggest US bank only accepting applications for $350bn Paycheck Protection Program
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Even in Florida, which is like the 4th lowest benefit in the country, its $275 a week + a extra $600 a week until July 31st. The governor is pushing to make it retroactive to when you lost your job since the system is overloaded.
So yeah all those short order cooks are going to be bringing in 4k+ a month until mid summer. No one is going hungry or on the street. People I know are WANTING to be furloughed for a few months. All the airlines are telling their employees they will NOT contest unemployment and is encouraging them to apply, even for reduced hours (which is allowed).
What I am seeing is a few months paid vacation. Are we going to stay on "lockdown" past July31st? If yes, then watch Trump extend the free 600+ a week trumpbucks. If not, then everyone will be well rested and fat from ordering a bunch of takeout with those 1k+ a week unemployment checks. (actually places like New York will be far more than 1k a week)
So, the unemployment numbers are meaningless, at least till end of summer.
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WinterMutation
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You're probably not a billionaire then!
This market.. what a fucking sham. Capital markets completely divorced from main street. All this money going to the rich. It's wild.
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Over 4200 a month for Texas until July 31st, not bad. Ignore the last 4 columns. It just showing that for this particular Airline, a Flight Attendant with less than 10 years seniority would make MORE on UI than working what is considered a full time schedule at this major airline. Hilariously some states, like WA and Mass. you'd make more sitting home on UI than working even at top of the pay scale.
So yeah, and this is a fairly well paying job that tops out at 65ish dollars a hour. Now imagine this chart with bus drivers and cooks.... Thank you Trump.
Blazin
Creative Title
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My brother manages a very large apartment complex ( a few thousand tenants) for April 59% of tenants paid their rent. They are expecting May to be worse. It's kind of hard to square with many of their tenants of the income range that should be receiving more income than before they lost their jobs. It might be that May and June won't be as bad as they are expecting. But with societal and political acceptance so high right now for people to not pay their rent or mortgage I'm eager to see how this plays over the next few months.
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its just paper... lol
Don't worry we will force feed the rest of the world our paper and everything will be right as rain.
Anyways, this is why unemployment #s don't mean shit right now.
Sanrith Descartes
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Did AOC write than for you? Or was it Elizabeth Warren?
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