Author Topic: BACK TO WORK!! It’s just killing old farts  (Read 7018 times)

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Offline Queefer Sutherland

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #135 on: April 22, 2020, 04:50:46 pm »
By comparison to people dying, it's an inconvenience.

Agreed

Quote
People are being provided for.

True, but often for needs only.  They can't save every small business, so life savings are being lost.  It's sad and a shame.  But still better than dying.
"Nipples is one of the great minds of our time!" - Bubbermiley

Offline wilber

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #136 on: April 22, 2020, 05:17:53 pm »
We are looking at a 38% increase in the debt in two years depending on the cost of a second wave and government revenues. It could be much more. Scary.
"Never trust a man without a single redeeming vice" WSC

Offline JMT

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #137 on: April 22, 2020, 10:30:26 pm »
We are looking at a 38% increase in the debt in two years depending on the cost of a second wave and government revenues. It could be much more. Scary.

This year's borrowing so far will cost the treasury in the range of $1.8B per year on an ongoing basis.  Lets say that quadruples.  Oh well.

Offline wilber

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #138 on: April 22, 2020, 10:38:12 pm »
This year's borrowing so far will cost the treasury in the range of $1.8B per year on an ongoing basis.  Lets say that quadruples.  Oh well.

Depends on interest rates, can you guarantee they will always stay this low?
"Never trust a man without a single redeeming vice" WSC

Offline JMT

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #139 on: April 22, 2020, 10:41:24 pm »
Depends on interest rates, can you guarantee they will always stay this low?

That's what they'll be for at least 30 years, because that's what the bonds will be locked in at. 

Offline wilber

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #140 on: April 22, 2020, 10:55:17 pm »
That's what they'll be for at least 30 years, because that's what the bonds will be locked in at.
Good luck with that. Governments all over the world will be peddling bonds to cover their increased debt. You can't force people to buy them even if you can find enough people with the money.
« Last Edit: April 22, 2020, 11:16:11 pm by wilber »
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Offline JMT

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #141 on: April 22, 2020, 11:25:19 pm »
Good luck with that. Governments all over the world will be peddling bonds to cover their increased debt. You can't force people to buy them even if you can find enough people with the money.

The debt of most countries is far less valuable than the debt of Canada.  We won't have any problem finding buyers.

Offline wilber

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #142 on: April 22, 2020, 11:29:19 pm »
The debt of most countries is far less valuable than the debt of Canada.  We won't have any problem finding buyers.

Hold that thought. Trillions in equity have disappeared in the last month, you seem to think there is unlimited money out there looking for a place to go.
"Never trust a man without a single redeeming vice" WSC

Offline waldo

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #143 on: April 23, 2020, 02:03:49 am »
   

Offline waldo

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #144 on: April 23, 2020, 02:42:43 am »
Everybody see the interview with the mayor of Las Vegas on CNN today? What a frightening, scary, dumb **** she seems to be.

a short snippet of that Anderson Cooper interview... mayor is an absolute loon!

please waldo, can I have another?

https://video.twimg.com/ext_tw_video/1253035827103444992/pu/vid/960x540/KYoU_1Tq2gqVbFWg.mp4

Offline JMT

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #145 on: April 23, 2020, 09:03:46 am »
Hold that thought. Trillions in equity have disappeared in the last month, you seem to think there is unlimited money out there looking for a place to go.

There is unlimited money in the short term.

Offline wilber

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #146 on: April 23, 2020, 09:12:48 am »
There is unlimited money in the short term.

I’m not an economist but it seems to me that pumping lots of new money into an economy without a corresponding increase in goods and services to justify it is a recipe for devaluing your currency.
"Never trust a man without a single redeeming vice" WSC

Offline JMT

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #147 on: April 23, 2020, 09:30:44 am »
I’m not an economist but it seems to me that pumping lots of new money into an economy without a corresponding increase in goods and services to justify it is a recipe for devaluing your currency.

Most economists seem to agree that atm, inflation is the least of our concerns.

Offline wilber

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #148 on: April 23, 2020, 09:37:22 am »
Most economists seem to agree that atm, inflation is the least of our concerns.
Tell me that again when you are told the new value of your earnings and savings is minus one or two zeros. It has happened in other countries and it can here.
"Never trust a man without a single redeeming vice" WSC

Offline JMT

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Re: BACK TO WORK!! It’s just killing old farts
« Reply #149 on: April 23, 2020, 10:16:47 am »
Tell me that again when you are told the new value of your earnings and savings is minus one or two zeros. It has happened in other countries and it can here.

Two years from now, it would be a definite concern.