COVID-19 Accelerating Across the US

[Winchester]

[John Galt]

they are doing some bizarre things like what happened with hertz, after it declared bankruptcy, where its stock price went up.... by a lot. remember when you go to bankruptcy the last people that get anything are investors, so it would be dumb to actually buy stock. 85 cents to 5.53. sure it was 20 dollars in feb but they were so ridiculously leveraged the whole thing was going to come crashing down at some point. but the jumps since early june was because of people, flush with cash from the stimulus, making bizarre bets on robinhood. and that's kinda is to your point, that people have a little bit invested. i have a couple thousand on robinhood, just to putz around with. i've had 44% return, but i didn't put that much in. i should have bought all the TEAM stock when i bought a few (210% roi and bought em for 55), but i didn't have that much money on it and didn't realize jira was gonna pop off like that

[Kane]

Ian Bremmer is a very smart guy. His books are genius.

https://time.com/5876606/economic-depre ... ronavirus/

People would be smart to heed his advice.

[Kane]

It's also important to consider the ways in which our current predicament mirror the past.

https://www.politico.com/news/2020/08/0 ... ffs-392386

Anybody recall smoot-hawley passing in 1930?

[John Galt]

[Kane]

The worse thing is that these tariffs increase costs for consumers/manufacturers at a time when the USD is falling and supply is short. Look at lumber - it's skyrocketed back. So firms get to deal with global decreased demand and rising costs in domestic markets while the dollar loses value against its peers. Sure, we'll be able to finance debt at the federal level at historically low rates but companies are getting hosed if they haven't already. This isn't even good for US produced aluminum because as costs go up and companies go bust the domestic market for the raw materials goes down. Probably why the US Chamber of Commerce isn't jazzed about this at all either.

https://www.cnbc.com/2020/08/06/trump-s ... anada.html

[Spider]

[Kane]

https://thehill.com/homenews/administra ... -cut-order

This is insanely stupid. It has to be for the GOP to be "cool" on it.

[JockandBallTorture]

[NAB]