Ok. Deep breath. Feel better?
Most of the nation survived the first full week of social distancing. We distanced ourselves, assisted our children as they engaged in “home learning,” and attempted to make life as normal as possible for our families.
The stock market tanked. Thousands of small businesses went bankrupt, millions closed their doors and wonder if they will be able to survive once they re-open.
Amidst all of the attempts to flatten the curve, increase the number of testing locales and kits available, and randomly requiring people to stay at home the number of confirmed infections went up—while the percentages of deaths related to them went down.
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5 comments:
Just a couple more weeks of money printing and the financial elite will be safe from the debasement the rest of us will endure.
They are closing in on double the money supply so let’s hope prices won’t double! Unless our paychecks double, the it won’t matter.
But at least we dont have to worry about the bankers. They will get bailed out
Get Rid of Democrats !!!
Love this post! ❤️ Thanks, Joe!
I don't dabble in stock - don't like paying people to make decisions for me - I know that is stupid because I could make alot of money in stocks but I really never had enough money to gamble. So now having said that -my question?
For those of Congress who sold their millions of dollars in stock before the announcement be of the Coronvirous pandamic - do they now buy back stock after the market goes up (after this virus) to make more millions? Of course - while we taxpayers sit back and hope we receive 1,000 from the stimulus package instead of deadbeats who receive welfare (free) checks each month- such a shame.
March 24, 2020 at 6:21 AM:
Here's how it works for the wealthy congressmen guilty of "insider" trading. They sold before the market tanked, based on their inside knowledge of what was about to happen. They will not buy back in when it goes up, rather they will buy back in after the market has crashed and bottoms out, and the same amount of their gain will buy twice as many stocks to replace the ones that they sold. Then when the stocks go back up, they will be twice as rich, and lose nothing from the crash. We all should be so "lucky."
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