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#1
posted to rec.boats
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Dow futures...
US stock futures U.S. equity markets pared losses at the end of trading Wednesday. Activity in the overnight futures market suggests further volatility is in play. Dow futures tumbled more than 700 points Wednesday night, pointing to another volatile start to trading in New York. The U.S. dollar index broke 100.00 for the first time in almost three years. The fastest bear market in history shows no signs of abating anytime soon. In the near term, this means an even stronger dollar. The strength of the greenback proves once again that cash is king in times of crisis. Unfortunately, this could stoke another liquidity crisis – in foreign exchange markets, no less. |
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#2
posted to rec.boats
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Dow futures...
On 19 Mar 2020 12:20:15 GMT, Keyser Soze wrote:
US stock futures U.S. equity markets pared losses at the end of trading Wednesday. Activity in the overnight futures market suggests further volatility is in play. Dow futures tumbled more than 700 points Wednesday night, pointing to another volatile start to trading in New York. The U.S. dollar index broke 100.00 for the first time in almost three years. The fastest bear market in history shows no signs of abating anytime soon. In the near term, this means an even stronger dollar. The strength of the greenback proves once again that cash is king in times of crisis. Unfortunately, this could stoke another liquidity crisis – in foreign exchange markets, no less. Well I'll be damned. I'm so proud of you. You managed to provide a cut'n'paste (without credit, naturally), and didn't use the falling market to bash Trump. Wow! -- Freedom Isn't Free! |
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#3
posted to rec.boats
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Dow futures...
On Thu, 19 Mar 2020 08:28:58 -0400, Adorable Deplorable
wrote: On 19 Mar 2020 12:20:15 GMT, Keyser Soze wrote: US stock futures U.S. equity markets pared losses at the end of trading Wednesday. Activity in the overnight futures market suggests further volatility is in play. Dow futures tumbled more than 700 points Wednesday night, pointing to another volatile start to trading in New York. The U.S. dollar index broke 100.00 for the first time in almost three years. The fastest bear market in history shows no signs of abating anytime soon. In the near term, this means an even stronger dollar. The strength of the greenback proves once again that cash is king in times of crisis. Unfortunately, this could stoke another liquidity crisis – in foreign exchange markets, no less. Well I'll be damned. I'm so proud of you. You managed to provide a cut'n'paste (without credit, naturally), and didn't use the falling market to bash Trump. Wow! -- === Wow indeed. Who would have guessed that 'Airry of all people could become an instant financial markets expert. -- This email has been checked for viruses by AVG. https://www.avg.com |
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#4
posted to rec.boats
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Dow futures...
On 19 Mar 2020 12:20:15 GMT, Keyser Soze wrote:
US stock futures U.S. equity markets pared losses at the end of trading Wednesday. Activity in the overnight futures market suggests further volatility is in play. Dow futures tumbled more than 700 points Wednesday night, pointing to another volatile start to trading in New York. The U.S. dollar index broke 100.00 for the first time in almost three years. The fastest bear market in history shows no signs of abating anytime soon. In the near term, this means an even stronger dollar. The strength of the greenback proves once again that cash is king in times of crisis. Unfortunately, this could stoke another liquidity crisis – in foreign exchange markets, no less. The dollar is only as strong as the faith in the fed and when they are printing money out of thin air to sell bonds nobody will buy at zero percent interest people could lose faith in the fed and the dollar. We better rethink this "close everything" mentality while there is still a country to save. The market is dropping $500-1000 a day, real unemployment is around 30%, maybe higher right now in construction and the service sector. When are we going to figure out the financial danger is higher than the virus danger? I am actually encouraged when I hear medical professionals are catching this virus. Maybe they will be over it by the time they really start getting slammed. You really don't want them sick when the hospitals are at 120% capacity. I am also not that concerned that the kids are out there catching this stuff ... for the same reason. Somebody needs to be healthy to run the world in a month or so when this has swept the country and everyone else is sick. |
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#6
posted to rec.boats
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Dow futures...
On Thu, 19 Mar 2020 11:01:55 -0400, "Mr. Luddite"
wrote: On 3/19/2020 10:39 AM, wrote: On 19 Mar 2020 12:20:15 GMT, Keyser Soze wrote: US stock futures U.S. equity markets pared losses at the end of trading Wednesday. Activity in the overnight futures market suggests further volatility is in play. Dow futures tumbled more than 700 points Wednesday night, pointing to another volatile start to trading in New York. The U.S. dollar index broke 100.00 for the first time in almost three years. The fastest bear market in history shows no signs of abating anytime soon. In the near term, this means an even stronger dollar. The strength of the greenback proves once again that cash is king in times of crisis. Unfortunately, this could stoke another liquidity crisis – in foreign exchange markets, no less. The dollar is only as strong as the faith in the fed and when they are printing money out of thin air to sell bonds nobody will buy at zero percent interest people could lose faith in the fed and the dollar. We better rethink this "close everything" mentality while there is still a country to save. The market is dropping $500-1000 a day, real unemployment is around 30%, maybe higher right now in construction and the service sector. When are we going to figure out the financial danger is higher than the virus danger? I am actually encouraged when I hear medical professionals are catching this virus. Maybe they will be over it by the time they really start getting slammed. You really don't want them sick when the hospitals are at 120% capacity. I am also not that concerned that the kids are out there catching this stuff ... for the same reason. Somebody needs to be healthy to run the world in a month or so when this has swept the country and everyone else is sick. Interesting (I guess) but too strange and fatalistic for me. If people *do* as they are being asked, we will eventually get this behind us. With corvid-19 behind us we can start working on repairing the economy and unemployment. We have to keep in mind that the *only* reason people are losing jobs is because of corvid-19 and the spread risk. Once gone the economic recovery will begin as it has already begun in China. The problem is the debt bomb. In 2 months there might not be an economy to rebuild. Just one simple example. They shut down a big building project here. 100 guys lost their job immediately. This will then ripple through all of the suppliers and the local businesses that were supporting those 100 guys. The contractor has materials sitting on the job and in the pipeline that are bought on credit. That bill will come due with no revenue coming in. His completion draw will be late. Of course the 100 laid off guys have bills due too. That is just one project. They are shutting down jobs all over town. They also shut down the beaches and all of those people are out of work. Loans the business owners planned on paying with the profits from the spring activities are not going to be paid off. If mortgages are not being paid, the banks will be stressed and since these mortgages are collateralized, this can ripple through the whole financial community. There are still plenty of derivatives out there leveraging those collateralized loans it makes this a 2008 situation if it goes on too long. Corporate debt is at an all time high and that debt needs to be serviced too, with decreasing revenues. At a certain point, with tax revenues cut down, government services will have to be cut. They have debt they need to service too. At a certain point this virus starts looking pretty insignificant. Nobody is saying it yet but you will start hearing this soon. I hope by the time they acknowledge it, we still have time to do something. I am not sure the government can print enough money to fix this without crashing the dollar. I doubt anyone wants zero percent bonds. You might as well hold the cash and hope it is still good for more than toilet paper. |
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#7
posted to rec.boats
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Dow futures...
On 3/19/2020 11:58 AM, wrote:
On Thu, 19 Mar 2020 11:01:55 -0400, "Mr. Luddite" wrote: On 3/19/2020 10:39 AM, wrote: On 19 Mar 2020 12:20:15 GMT, Keyser Soze wrote: US stock futures U.S. equity markets pared losses at the end of trading Wednesday. Activity in the overnight futures market suggests further volatility is in play. Dow futures tumbled more than 700 points Wednesday night, pointing to another volatile start to trading in New York. The U.S. dollar index broke 100.00 for the first time in almost three years. The fastest bear market in history shows no signs of abating anytime soon. In the near term, this means an even stronger dollar. The strength of the greenback proves once again that cash is king in times of crisis. Unfortunately, this could stoke another liquidity crisis – in foreign exchange markets, no less. The dollar is only as strong as the faith in the fed and when they are printing money out of thin air to sell bonds nobody will buy at zero percent interest people could lose faith in the fed and the dollar. We better rethink this "close everything" mentality while there is still a country to save. The market is dropping $500-1000 a day, real unemployment is around 30%, maybe higher right now in construction and the service sector. When are we going to figure out the financial danger is higher than the virus danger? I am actually encouraged when I hear medical professionals are catching this virus. Maybe they will be over it by the time they really start getting slammed. You really don't want them sick when the hospitals are at 120% capacity. I am also not that concerned that the kids are out there catching this stuff ... for the same reason. Somebody needs to be healthy to run the world in a month or so when this has swept the country and everyone else is sick. Interesting (I guess) but too strange and fatalistic for me. If people *do* as they are being asked, we will eventually get this behind us. With corvid-19 behind us we can start working on repairing the economy and unemployment. We have to keep in mind that the *only* reason people are losing jobs is because of corvid-19 and the spread risk. Once gone the economic recovery will begin as it has already begun in China. The problem is the debt bomb. In 2 months there might not be an economy to rebuild. Just one simple example. They shut down a big building project here. 100 guys lost their job immediately. This will then ripple through all of the suppliers and the local businesses that were supporting those 100 guys. The contractor has materials sitting on the job and in the pipeline that are bought on credit. That bill will come due with no revenue coming in. His completion draw will be late. Of course the 100 laid off guys have bills due too. That is just one project. They are shutting down jobs all over town. They also shut down the beaches and all of those people are out of work. Loans the business owners planned on paying with the profits from the spring activities are not going to be paid off. If mortgages are not being paid, the banks will be stressed and since these mortgages are collateralized, this can ripple through the whole financial community. There are still plenty of derivatives out there leveraging those collateralized loans it makes this a 2008 situation if it goes on too long. Corporate debt is at an all time high and that debt needs to be serviced too, with decreasing revenues. At a certain point, with tax revenues cut down, government services will have to be cut. They have debt they need to service too. At a certain point this virus starts looking pretty insignificant. Nobody is saying it yet but you will start hearing this soon. I hope by the time they acknowledge it, we still have time to do something. I am not sure the government can print enough money to fix this without crashing the dollar. I doubt anyone wants zero percent bonds. You might as well hold the cash and hope it is still good for more than toilet paper. Greg, with all due respect (and I *do* respect your thoughts and opinions) I've been hearing about the "debt bomb" and that the economic sky is falling for as long back as I can remember as an adult. As long as there is economic growth (over the long term) be it a business or a government, the debt, although important to watch and monitor, isn't a death sentence. Debt only matters at the end of keeping score. But, at the end, debt doesn't matter. -- This email has been checked for viruses by AVG. https://www.avg.com |
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#8
posted to rec.boats
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Dow futures...
wrote:
On Thu, 19 Mar 2020 08:28:58 -0400, Adorable Deplorable wrote: On 19 Mar 2020 12:20:15 GMT, Keyser Soze wrote: US stock futures U.S. equity markets pared losses at the end of trading Wednesday. Activity in the overnight futures market suggests further volatility is in play. Dow futures tumbled more than 700 points Wednesday night, pointing to another volatile start to trading in New York. The U.S. dollar index broke 100.00 for the first time in almost three years. The fastest bear market in history shows no signs of abating anytime soon. In the near term, this means an even stronger dollar. The strength of the greenback proves once again that cash is king in times of crisis. Unfortunately, this could stoke another liquidity crisis – in foreign exchange markets, no less. Well I'll be damned. I'm so proud of you. You managed to provide a cut'n'paste (without credit, naturally), and didn't use the falling market to bash Trump. Wow! -- === Wow indeed. Who would have guessed that 'Airry of all people could become an instant financial markets expert. He is a Facebook guy. This week, financial guru, last week, infectious disease guru, week before constitutional guru. |
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#9
posted to rec.boats
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Dow futures...
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#10
posted to rec.boats
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Dow futures...
On Thu, 19 Mar 2020 11:58:11 -0400, wrote:
On Thu, 19 Mar 2020 11:01:55 -0400, "Mr. Luddite" wrote: On 3/19/2020 10:39 AM, wrote: On 19 Mar 2020 12:20:15 GMT, Keyser Soze wrote: US stock futures U.S. equity markets pared losses at the end of trading Wednesday. Activity in the overnight futures market suggests further volatility is in play. Dow futures tumbled more than 700 points Wednesday night, pointing to another volatile start to trading in New York. The U.S. dollar index broke 100.00 for the first time in almost three years. The fastest bear market in history shows no signs of abating anytime soon. In the near term, this means an even stronger dollar. The strength of the greenback proves once again that cash is king in times of crisis. Unfortunately, this could stoke another liquidity crisis – in foreign exchange markets, no less. The dollar is only as strong as the faith in the fed and when they are printing money out of thin air to sell bonds nobody will buy at zero percent interest people could lose faith in the fed and the dollar. We better rethink this "close everything" mentality while there is still a country to save. The market is dropping $500-1000 a day, real unemployment is around 30%, maybe higher right now in construction and the service sector. When are we going to figure out the financial danger is higher than the virus danger? I am actually encouraged when I hear medical professionals are catching this virus. Maybe they will be over it by the time they really start getting slammed. You really don't want them sick when the hospitals are at 120% capacity. I am also not that concerned that the kids are out there catching this stuff ... for the same reason. Somebody needs to be healthy to run the world in a month or so when this has swept the country and everyone else is sick. Interesting (I guess) but too strange and fatalistic for me. If people *do* as they are being asked, we will eventually get this behind us. With corvid-19 behind us we can start working on repairing the economy and unemployment. We have to keep in mind that the *only* reason people are losing jobs is because of corvid-19 and the spread risk. Once gone the economic recovery will begin as it has already begun in China. The problem is the debt bomb. In 2 months there might not be an economy to rebuild. Just one simple example. They shut down a big building project here. 100 guys lost their job immediately. This will then ripple through all of the suppliers and the local businesses that were supporting those 100 guys. The contractor has materials sitting on the job and in the pipeline that are bought on credit. That bill will come due with no revenue coming in. His completion draw will be late. Of course the 100 laid off guys have bills due too. That is just one project. They are shutting down jobs all over town. They also shut down the beaches and all of those people are out of work. Loans the business owners planned on paying with the profits from the spring activities are not going to be paid off. If mortgages are not being paid, the banks will be stressed and since these mortgages are collateralized, this can ripple through the whole financial community. There are still plenty of derivatives out there leveraging those collateralized loans it makes this a 2008 situation if it goes on too long. Corporate debt is at an all time high and that debt needs to be serviced too, with decreasing revenues. At a certain point, with tax revenues cut down, government services will have to be cut. They have debt they need to service too. At a certain point this virus starts looking pretty insignificant. Nobody is saying it yet but you will start hearing this soon. I hope by the time they acknowledge it, we still have time to do something. I am not sure the government can print enough money to fix this without crashing the dollar. I doubt anyone wants zero percent bonds. You might as well hold the cash and hope it is still good for more than toilet paper. Maybe, as in my case, we war babies are going to have to help the younger generation financially. What the hell, they just get the bucks without having to wait for us to die. Works for me. -- Freedom Isn't Free! |
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