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- Thread starter SoapyCy
- Start date
How about reasonable gas prices that prevent our oil companies from collapsing and causing massive job loss?
I'd feel a little worse for them if they didn't already receive massive subsidies from our tax dollars.
Meh, save your $$ for a rainy day, and you can weather storms like this. My company did, and they are fine right now.
Id say its a good thing that we are reducing dependence of foreign oil. It just costs more to produce here.
That would have been a great idea 6 weeks ago. At this point you risk locking in losses and missing the recovery. Sure things might drop another 20% and you could buy back in at the bottom, but they might not.
I just ran across this article today watching these cruise stocks. I agree this is going to to get way worse for any of them before it gets better but this sounds really bad.
https://www.investopedia.com/time-r...m_source=yahoo&utm_medium=referral&yptr=yahoo
This is inaccurate as I understand it.
We had 6.6M new unemployment claims last week, in addition to the 3.3M from the previous week, for a total of nearly 10M in the last two weeks combined.
https://www.politico.com/news/2020/04/02/unemployment-claims-coronavirus-pandemic-161081
I agree that the unemployment rate, not total claims, should be used to compare to Great Depression. The peak unemployment rate was 24.9% in 1933, and the Fed's current projection is 32.1%.
https://www.nbcnews.com/news/amp/ncna1172111
I was going off what CBS morning news reported. Looks like they were wrong. I do know that self employed, like hairdressers and such,are filing. They get to claim somehow.
Semi-disagree. Yes, percentage is what counts, not raw numbers.
BUT
Lots of people won't even be looking for work, so they don't get counted as unemployed. I'd look at the number of working age adults who are actually working (or not). I can't remember the exact name of the stat - economically inactive maybe?
Yeah, discouraged or underemployed I believe fall into the "real" U-6 rate but not the commonly reported U-3 rate.
Federal Reserve, don't bet against the man with the printing press (until the chickens from that come home to roost).
I just kicked some sense into myself. Was wondering why many stocks are near their lows but the Dow is still above by 15-20%. Remembered who are the 30 companies. Many of those like Walmart, Nike, and such sell what people are still buying.
i made a bunch a few weeks back, then trying to time the guy dribbling the ball up and down, lost a ton. a ton. so i'm done