A Frugal Man’s guide to the CORONADEPRESSION

[exploited]

You should bail out your states.

But there should be no more corporate, business or finance bailouts.

Give the money to individual taxpayers and let the usurious parasites drown.

[Kane]

I'm sure I'll be lambasted for this as well but it's something to consider:

Lots of people have money invested in 401ks - if equities outright collapse then they can't draw on those funds to weather this crisis. It's not wise to do so and it comes with a penalty (though I hear waiving those penalties is under consideration) but in essence equities are offering a helping hand to consumers as well.

I also suspect that rates on 30 year fixed mortgages will go down as more people are willing to appraise homes, obtain signed documents via notary, and process said documents. The spread on the UST 10yr and 30yr mortgage rates is too high.

Thanks,

[exploited]

Sometimes things happen that cause the stock market and associated rackets to collapse. Those things can be cyclical or seemingly out of the blue. Those are the risks.

If people and elderly people living a life of dignity is important, there are about a thousand other ways to provide for that, which don't artificially prop up parasitic institutions that should have been wiped out twelve years ago.

We are living in a different world. You can respond to that by trying to make things like they were, or by allowing these absolute f**k retards to fail and build something better. Chances are you'll f**k that up too, TBF, but it's better to try than to just give up and allow thievery and moral degeneracy at this scale.

[Spider]

[Kane]

There's a strong case to be made for bailout of specific industries directly affected by Covid-19 and measures to combat it; airlines being right in the crosshairs here. Government decisions to shut down travel are obviously going to disproportionately hurt companies oriented around travel, and we have an interest in maintaining these as going concerns because they are engines of economic growth during normal times.

PPP creating liquidity is also beneficial.

Adding liquidity to downstream debt markets and within the financial system is also key, and often improperly phrased as a bailout when it's actually just a change in a notebook somewhere in a basement in Virginia.

Tougher question, which has mostly been academic to this point, is whether to engage in direct activities like this or arguably economically more efficient activities like equity or bond transactions of some type, which are probably better for the tax payer long term but which pose market confidence risks and leave a bad taste in voters' mouth.

Fortunately the financial regulatory apparatus has been pretty resistant to the populist infestation running through the nation the last few years, so our response has been technically sound to date. I worry about a post-Jerome world. I think a lot of folks underestimate how tough his job is right now, squeezed between the rock of Orange Man and the hard place of prudent fiscal policy.

[exploited]

Financial regulatory apparatus

Bro you're lucky you aren't swinging from a lamp post. Don't even bother making that lame ass speech here, we aren't Boomer retards who will eat that shit up because it paid for their McMansion.

*Fed buys a trillion dollars of junk bonds*

*Dylan adjusts his monocle, breathing easier now that he's been bailed out again, and begins his lecture on economic fundamentals*

[NAB]

[Kane]

[exploited]

You have spent $6 trillion so far propping up dog-shit. It has been about a month and a half since this thing really kicked off. We've got at least a year and a half until a vaccine, and probably another six or more months until some kind of treatment schedule becomes available.

You could give $18,000 to every single American citizen for that price, and that would be enough to last them months.

Take the f**k hits now. Get it over with. It is literally impossible to avoid massive business losses under these conditions. The first businesses you let fail are the ones who have f**k up over and over and over again, all while sucking the government tit and taking on absurd levels of debt. The assets will be sold off and hopefully a more competent manager comes along to put the pieces back together.

You can indirectly support business by focusing your relief efforts on average Americans. Stimulate consumer spending by giving them security against not being able to afford rent and food. Help them pay their residential and commercial rent by giving them unconditional monthly income until this thing gets worked out. You can even subsidize wages to some extent, at least up to a certain dollar amount per job.

Not a single goddamn analyst out there has any idea how much it is going to cost to prop up the absolute f**k morons who run the finance world. And if you asked them, they wouldn't even want to guess, because it is 100% going to be an amount so absurd that you could take on every necessary daily expense of every American citizen, indefinitely, and still spend less money.

[ToddStarnes]