Chain Reaction

[progressive hunter]

Some of this post is going to be a little complicated, but some of it will explain what impact current events are going to have on you personally.

First, our government has been extremely slow in rolling out test kits for Covid-19. This is not a partisan opinion, it is a statement of fact.

As test kits do finally hit the streets in large numbers, we are going to see the identification of infected people skyrocket. The number is going to soar.

When the numbers start to soar, governors are going to feel even more compelled to take drastic action. Many states will probably keep their schools closed for the rest of the school year. So prepare for that. And think about the ripple effects of that.

Restaurants and bars will be shuttered, and so forth. This is going to have a serious impact on the economy since the bulk of our GDP depends on consumerism.

That's Main Street.

There is more impact on your life coming, but I first have to explain what is happening on Wall Street and how that will affect you as well.

The subprime bubble back in the day was greatly fueled by low interest rates at the behest of the Federal Reserve.

When the bubble burst, the Fed lowered interest rates even more in order to bail out Wall Street.

This has caused an even bigger bubble in corporate debt. Huge. You don't even want to think about it, trust me.

But the biggest side effect of the Fed's low interest rates has been massive speculation by hedge funds and other investors.

Why? Because when interest rates are low, bonds from blue chip companies pay extremely low interest to investors. So to make any big money, you have to take gigantic risks at economies of scale.

And that is precisely what has been going on.

In order to achieve this, hedge funds have to borrow money and then make big bets. And they leverage the shit out of themselves.

To borrow money, you have to have collateral. When you take out a mortgage, your house is your collateral. If you default, the bank takes your house.

A hedge fund uses stocks and bonds as collateral.

And now we come to the crash of recent weeks.

As stocks have crashed in value, that means their function as collateral has collapsed. The banks which have lent money to the hedge funds want to make sure that if the hedge funds collapse, they get their money back. That means they are calling on the hedge funds to put up more collateral to cover the loss in stock values.

This is a "margin call".

So in the past couple weeks, the hedge funds have been trying to sell their bond holdings in order to come up with some cash for their margin calls.

Well, what happens when everyone tries to sell something at the same time? Remember the subprime bubble? Everybody tried to sell their houses at the same time, and prices collapsed.

The same thing was happening in the bond market. What hedge funds were asking was higher than what buyers were offering. A gap, or "spread", opened up. This was rapidly leading to a liquidity crisis.

A lot of companies use the repo market to pay the salaries of their employees. If cash froze up, millions of Americans would suddenly find they weren't getting paid.

So the Fed stepped in and provided half a trillion dollars of liquidity, with a promise of another trillion more.

Okay, fine. Except it wasn't. The stock market kept diving, which caused bigger margin calls. This was turning into a downward spiral.

So now the Fed is dropping borrowing costs to zero. Those who need cash for margin calls can borrow the cash they need for almost nothing.

The Fed is actually exacerbating the situation by making interest rates so low that speculators will have to make even riskier bets at even greater economies of scale to earn returns on their investments.

What does this have to do with you, other than watching your 401(k) melt down?

Well, some of you are going to lose your jobs. If your company heavily depends on consumers, you might want to prepare for that. If you work for a grocery store, you are probably going to do just fine, though. Grocery stores are hiring.

Also, with the Fed interest rate at 0.25, you are going to be punished for saving money. It won't be worth saving, and for all we know the Fed is going to go negative, and then you literally will be punished for saving money.

On the bright side, if you have a mortgage on any property you plan to be holding onto for the foreseeable future, you should seriously think about refinancing. I just refinanced some property for 2.65%.

This will be a way to cut back on your household expenditures at a time you are probably going to need to.

Your credit union will probably offer the best rate.

There is going to be a lot of chaos for a while longer.

well since your first sentence was nothing but a complete lie I wont bother with the rest of it,,,

the government doesnt make test kits,,,

Our government is responsible for coordinating the response to a pandemic.

So far, they have fallen on their face.

they dont run the hospitals,,,its their job to get test kits,,,

It is the government's job to get those test kits to the hospitals.

says who???

all youre doing is proving the government shouldnt be trusted to control the healthcare system,,,

 

[playtime]

donny:

' we have tremendous control over this virus '

poor capt crazy pants; he can't control this narrative.

 

[MindWars]

Some of this post is going to be a little complicated, but some of it will explain what impact current events are going to have on you personally.

First, our government has been extremely slow in rolling out test kits for Covid-19. This is not a partisan opinion, it is a statement of fact.

As test kits do finally hit the streets in large numbers, we are going to see the identification of infected people skyrocket. The number is going to soar.

When the numbers start to soar, governors are going to feel even more compelled to take drastic action. Many states will probably keep their schools closed for the rest of the school year. So prepare for that. And think about the ripple effects of that.

Restaurants and bars will be shuttered, and so forth. This is going to have a serious impact on the economy since the bulk of our GDP depends on consumerism.

That's Main Street.

There is more impact on your life coming, but I first have to explain what is happening on Wall Street and how that will affect you as well.

The subprime bubble back in the day was greatly fueled by low interest rates at the behest of the Federal Reserve.

When the bubble burst, the Fed lowered interest rates even more in order to bail out Wall Street.

This has caused an even bigger bubble in corporate debt. Huge. You don't even want to think about it, trust me.

But the biggest side effect of the Fed's low interest rates has been massive speculation by hedge funds and other investors.

Why? Because when interest rates are low, bonds from blue chip companies pay extremely low interest to investors. So to make any big money, you have to take gigantic risks at economies of scale.

And that is precisely what has been going on.

In order to achieve this, hedge funds have to borrow money and then make big bets. And they leverage the shit out of themselves.

To borrow money, you have to have collateral. When you take out a mortgage, your house is your collateral. If you default, the bank takes your house.

A hedge fund uses stocks and bonds as collateral.

And now we come to the crash of recent weeks.

As stocks have crashed in value, that means their functions as collateral has collapsed. The banks which have lent money to the hedge funds want to make sure that if the hedge funds collapse, they get their money back. That means they are calling on the hedge funds to put up more collateral to cover the loss in stock values.

This is a "margin call".

So in the past couple weeks, the hedge funds have been trying to sell their bond holding in order to come up with some cash for their margin calls.

Well, what happens when everyone tries to sell something at the same time? Remember the subprime bubble? Everybody tried to sell their houses at the same time, and prices collapsed.

The same thing was happening in the bond market. What hedge funds were asking was higher than what buyers were offering. A gap, or "spread", opened up. This was rapidly leading to a liquidity crisis.

A lot of companies use the repo market to pay the salaries of their employees. If cash froze up, millions of Americans would suddenly find they weren't getting paid.

So the Fed stepped in and provided half a trillion dollars of liquidity, with a promise of another trillion more.

Okay, fine. Except it wasn't. The stock market kept diving, which caused bigger margin calls. This was turning into a downward spiral.

So now the Fed is dropping borrowing costs to zero. Those who need cash for margin calls can borrow the cash they need for almost nothing.

The Fed is actually exacerbating the situation by making interest rates so low that speculators will have to make even riskier bets at even greater economies of scale to earn returns on their investments.

What does this have to do with you, other than watching your 401(k) melt down?

Well, some of you are going to lose your jobs. If your company heavily depends on consumers, you might want to prepare for that. If you work for a grocery store, you are probably going to do just fine, though. Grocery stores are hiring.

Also, with the Fed interest rate at 0.25, you are going to be punished for saving money. It won't be worth saving, and for all we know the Fed is going to go negative, and then you literally will be punished for saving money.

On the bright side, if you have a mortgage on any property you plan to be holding onto for the foreseeable future, you should seriously think about refinancing. I just refinanced some property for 2.65%.

Your credit union will probably offer the best rate.

There is going to be a lot of chaos for a while longer.

Thanks, Obama!

That was so good I almost peed my pants laughing LOL.

 

[ReinyDays]

First, our government has been extremely slow in rolling out test kits for Covid-19. This is not a partisan opinion, it is a statement of fact.

No ... this is a partisan opinion ... the government doesn't supply medical supplies ... private business does, the government contracts with private businesses to make things ... and there's a fair and equitable procedure for gathering bids, analysing them and selecting the best company to make the things ... all very time consuming ...

It is the health care industry who has been slow to roll out test kits ... we're not paying enough in insurance premiums to cover this ... plus the health care industry has BIG financial reasons to let this virus spread, they have to let people get sick, "an ounce of prevention is worth a pound of cure", so curing has a much higher profit margins and higher dividend payments to their shareholders ... especially with our complicit Congress running up the National Debt to pay those dividends ...

Corona viruses are a large family, rarely deadly in otherwise healthy people ... but they tend to mutate and just a couple of months ago, this particular strain emerged, and this strain is far more deadly than normal ... soon we'll see 100 dead per day here in the USA ... strictly partisanship to not compare that horrendous number to the 250 dead per day from the flu (on average) during the 2017-18 season ... CDC reports 61,000 died that season ...

Also ... (and this is important) ... we have something like the opposite of a self-fulfilling prophecy going on here today ... with the media screaming about how bad things are ... folks are washing their hands more often and staying further than 6 feet away for each other ... those two actions alone with end this pandemic sooner than everything else combined ...

But that's okay, I've having a great time mothering all of you and nagging you to wash your hands ... and for the love of God, will you STOP licking your hands after you let some sick person lick them ... I mean wash with soap and water ...

 

[The Original Tree]

Anything that is "Complicated" or "Nuanced" is Leftist Propaganda and Fear Mongering.

 

[The Original Tree]

Some of this post is going to be a little complicated, but some of it will explain what impact current events are going to have on you personally.

First, our government has been extremely slow in rolling out test kits for Covid-19. This is not a partisan opinion, it is a statement of fact.

As test kits do finally hit the streets in large numbers, we are going to see the identification of infected people skyrocket. The number is going to soar.

When the numbers start to soar, governors are going to feel even more compelled to take drastic action. Many states will probably keep their schools closed for the rest of the school year. So prepare for that. And think about the ripple effects of that.

Restaurants and bars will be shuttered, and so forth. This is going to have a serious impact on the economy since the bulk of our GDP depends on consumerism.

That's Main Street.

There is more impact on your life coming, but I first have to explain what is happening on Wall Street and how that will affect you as well.

The subprime bubble back in the day was greatly fueled by low interest rates at the behest of the Federal Reserve.

When the bubble burst, the Fed lowered interest rates even more in order to bail out Wall Street.

This has caused an even bigger bubble in corporate debt. Huge. You don't even want to think about it, trust me.

But the biggest side effect of the Fed's low interest rates has been massive speculation by hedge funds and other investors.

Why? Because when interest rates are low, bonds from blue chip companies pay extremely low interest to investors. So to make any big money, you have to take gigantic risks at economies of scale.

And that is precisely what has been going on.

In order to achieve this, hedge funds have to borrow money and then make big bets. And they leverage the shit out of themselves.

To borrow money, you have to have collateral. When you take out a mortgage, your house is your collateral. If you default, the bank takes your house.

A hedge fund uses stocks and bonds as collateral.

And now we come to the crash of recent weeks.

As stocks have crashed in value, that means their function as collateral has collapsed. The banks which have lent money to the hedge funds want to make sure that if the hedge funds collapse, they get their money back. That means they are calling on the hedge funds to put up more collateral to cover the loss in stock values.

This is a "margin call".

So in the past couple weeks, the hedge funds have been trying to sell their bond holdings in order to come up with some cash for their margin calls.

Well, what happens when everyone tries to sell something at the same time? Remember the subprime bubble? Everybody tried to sell their houses at the same time, and prices collapsed.

The same thing was happening in the bond market. What hedge funds were asking was higher than what buyers were offering. A gap, or "spread", opened up. This was rapidly leading to a liquidity crisis.

A lot of companies use the repo market to pay the salaries of their employees. If cash froze up, millions of Americans would suddenly find they weren't getting paid.

So the Fed stepped in and provided half a trillion dollars of liquidity, with a promise of another trillion more.

Okay, fine. Except it wasn't. The stock market kept diving, which caused bigger margin calls. This was turning into a downward spiral.

So now the Fed is dropping borrowing costs to zero. Those who need cash for margin calls can borrow the cash they need for almost nothing.

The Fed is actually exacerbating the situation by making interest rates so low that speculators will have to make even riskier bets at even greater economies of scale to earn returns on their investments.

What does this have to do with you, other than watching your 401(k) melt down?

Well, some of you are going to lose your jobs. If your company heavily depends on consumers, you might want to prepare for that. If you work for a grocery store, you are probably going to do just fine, though. Grocery stores are hiring.

Also, with the Fed interest rate at 0.25, you are going to be punished for saving money. It won't be worth saving, and for all we know the Fed is going to go negative, and then you literally will be punished for saving money.

On the bright side, if you have a mortgage on any property you plan to be holding onto for the foreseeable future, you should seriously think about refinancing. I just refinanced some property for 2.65%.

This will be a way to cut back on your household expenditures at a time you are probably going to need to.

Your credit union will probably offer the best rate.

There is going to be a lot of chaos for a while longer.

well since your first sentence was nothing but a complete lie I wont bother with the rest of it,,,

the government doesnt make test kits,,,

Actually, our government was offered existing test kits and turned them down. For no known reason.

As a result, we are six weeks behind the rest of the world.

I'm sorry your partisan blinders are keeping you from seeing reality, and forcing you to literally live in denial.

More DemNazi lies:

We are 6 weeks behind the rest of The World?

We have to lowest rates of Corona Virus in The Modern World.

Just 11 Cases per 1 Million People for the latest strain of "The COLD VIRUS"!

 

[Mikeoxenormous]

Some of this post is going to be a little complicated, but some of it will explain what impact current events are going to have on you personally.

First, our government has been extremely slow in rolling out test kits for Covid-19. This is not a partisan opinion, it is a statement of fact.

As test kits do finally hit the streets in large numbers, we are going to see the identification of infected people skyrocket. The number is going to soar.

When the numbers start to soar, governors are going to feel even more compelled to take drastic action. Many states will probably keep their schools closed for the rest of the school year. So prepare for that. And think about the ripple effects of that.

Restaurants and bars will be shuttered, and so forth. This is going to have a serious impact on the economy since the bulk of our GDP depends on consumerism.

That's Main Street.

There is more impact on your life coming, but I first have to explain what is happening on Wall Street and how that will affect you as well.

The subprime bubble back in the day was greatly fueled by low interest rates at the behest of the Federal Reserve.

When the bubble burst, the Fed lowered interest rates even more in order to bail out Wall Street.

This has caused an even bigger bubble in corporate debt. Huge. You don't even want to think about it, trust me.

But the biggest side effect of the Fed's low interest rates has been massive speculation by hedge funds and other investors.

Why? Because when interest rates are low, bonds from blue chip companies pay extremely low interest to investors. So to make any big money, you have to take gigantic risks at economies of scale.

And that is precisely what has been going on.

In order to achieve this, hedge funds have to borrow money and then make big bets. And they leverage the shit out of themselves.

To borrow money, you have to have collateral. When you take out a mortgage, your house is your collateral. If you default, the bank takes your house.

A hedge fund uses stocks and bonds as collateral.

And now we come to the crash of recent weeks.

As stocks have crashed in value, that means their function as collateral has collapsed. The banks which have lent money to the hedge funds want to make sure that if the hedge funds collapse, they get their money back. That means they are calling on the hedge funds to put up more collateral to cover the loss in stock values.

This is a "margin call".

So in the past couple weeks, the hedge funds have been trying to sell their bond holding in order to come up with some cash for their margin calls.

Well, what happens when everyone tries to sell something at the same time? Remember the subprime bubble? Everybody tried to sell their houses at the same time, and prices collapsed.

The same thing was happening in the bond market. What hedge funds were asking was higher than what buyers were offering. A gap, or "spread", opened up. This was rapidly leading to a liquidity crisis.

A lot of companies use the repo market to pay the salaries of their employees. If cash froze up, millions of Americans would suddenly find they weren't getting paid.

So the Fed stepped in and provided half a trillion dollars of liquidity, with a promise of another trillion more.

Okay, fine. Except it wasn't. The stock market kept diving, which caused bigger margin calls. This was turning into a downward spiral.

So now the Fed is dropping borrowing costs to zero. Those who need cash for margin calls can borrow the cash they need for almost nothing.

The Fed is actually exacerbating the situation by making interest rates so low that speculators will have to make even riskier bets at even greater economies of scale to earn returns on their investments.

What does this have to do with you, other than watching your 401(k) melt down?

Well, some of you are going to lose your jobs. If your company heavily depends on consumers, you might want to prepare for that. If you work for a grocery store, you are probably going to do just fine, though. Grocery stores are hiring.

Also, with the Fed interest rate at 0.25, you are going to be punished for saving money. It won't be worth saving, and for all we know the Fed is going to go negative, and then you literally will be punished for saving money.

On the bright side, if you have a mortgage on any property you plan to be holding onto for the foreseeable future, you should seriously think about refinancing. I just refinanced some property for 2.65%.

Your credit union will probably offer the best rate.

There is going to be a lot of chaos for a while longer.

First, our government has been extremely slow in rolling out test kits for Covid-19. This is not a partisan opinion, it is a statement of fact.

Why didnt the brown turd, Oblummer's admin make those kits back when he was in office? I mean he had 8 years to develop it right? Oh yeah, he was too busy partying in the White House with Rag Head Muzzies and Hollyweird elites, instead of being serious about FUTURE outbreaks of deadly virus's coming out of China....Your fucking statement is so retarded, but hey, i expect that from you.

Yep let's blame someone else for test kits for a new virus, what a fucking dunce.

I am not blaming anyone, because we didnt know this was coming, unless like i said the brown turd who was chumming up with China and the TPP, kept any kits secret. And if you think the government is the answer to all the problems, dimwitdebbie, now you understand why we on the right, dont rely on it, for all its failures, because it was this president who inherited all the swamp creatures left there by the last admin. Want results, this is happening in the private sector who will end up saving the day, because they have the resources to find ways to provide kits and even better, the vaccinations that we will need, not some government hack, who bobble heads up and down.

 

[The Original Tree]

Corona Virus has already been around The World once, and only lingers in Shit Hole Cities, and Shit Hole Countries.

USA has one of the lowest incidences of this "Cold Virus" at 11 per 1 Million per capita.

God Bless America, and may our Lord and Savior, Jesus Christ protect the weak, the old and the infirm from this latest strain of The Common Cold.

 

[Crepitus]

Some of this post is going to be a little complicated, but some of it will explain what impact current events are going to have on you personally.

First, our government has been extremely slow in rolling out test kits for Covid-19. This is not a partisan opinion, it is a statement of fact.

As test kits do finally hit the streets in large numbers, we are going to see the identification of infected people skyrocket. The number is going to soar.

When the numbers start to soar, governors are going to feel even more compelled to take drastic action. Many states will probably keep their schools closed for the rest of the school year. So prepare for that. And think about the ripple effects of that.

Restaurants and bars will be shuttered, and so forth. This is going to have a serious impact on the economy since the bulk of our GDP depends on consumerism.

That's Main Street.

There is more impact on your life coming, but I first have to explain what is happening on Wall Street and how that will affect you as well.

The subprime bubble back in the day was greatly fueled by low interest rates at the behest of the Federal Reserve.

When the bubble burst, the Fed lowered interest rates even more in order to bail out Wall Street.

This has caused an even bigger bubble in corporate debt. Huge. You don't even want to think about it, trust me.

But the biggest side effect of the Fed's low interest rates has been massive speculation by hedge funds and other investors.

Why? Because when interest rates are low, bonds from blue chip companies pay extremely low interest to investors. So to make any big money, you have to take gigantic risks at economies of scale.

And that is precisely what has been going on.

In order to achieve this, hedge funds have to borrow money and then make big bets. And they leverage the shit out of themselves.

To borrow money, you have to have collateral. When you take out a mortgage, your house is your collateral. If you default, the bank takes your house.

A hedge fund uses stocks and bonds as collateral.

And now we come to the crash of recent weeks.

As stocks have crashed in value, that means their function as collateral has collapsed. The banks which have lent money to the hedge funds want to make sure that if the hedge funds collapse, they get their money back. That means they are calling on the hedge funds to put up more collateral to cover the loss in stock values.

This is a "margin call".

So in the past couple weeks, the hedge funds have been trying to sell their bond holding in order to come up with some cash for their margin calls.

Well, what happens when everyone tries to sell something at the same time? Remember the subprime bubble? Everybody tried to sell their houses at the same time, and prices collapsed.

The same thing was happening in the bond market. What hedge funds were asking was higher than what buyers were offering. A gap, or "spread", opened up. This was rapidly leading to a liquidity crisis.

A lot of companies use the repo market to pay the salaries of their employees. If cash froze up, millions of Americans would suddenly find they weren't getting paid.

So the Fed stepped in and provided half a trillion dollars of liquidity, with a promise of another trillion more.

Okay, fine. Except it wasn't. The stock market kept diving, which caused bigger margin calls. This was turning into a downward spiral.

So now the Fed is dropping borrowing costs to zero. Those who need cash for margin calls can borrow the cash they need for almost nothing.

The Fed is actually exacerbating the situation by making interest rates so low that speculators will have to make even riskier bets at even greater economies of scale to earn returns on their investments.

What does this have to do with you, other than watching your 401(k) melt down?

Well, some of you are going to lose your jobs. If your company heavily depends on consumers, you might want to prepare for that. If you work for a grocery store, you are probably going to do just fine, though. Grocery stores are hiring.

Also, with the Fed interest rate at 0.25, you are going to be punished for saving money. It won't be worth saving, and for all we know the Fed is going to go negative, and then you literally will be punished for saving money.

On the bright side, if you have a mortgage on any property you plan to be holding onto for the foreseeable future, you should seriously think about refinancing. I just refinanced some property for 2.65%.

Your credit union will probably offer the best rate.

There is going to be a lot of chaos for a while longer.

First, our government has been extremely slow in rolling out test kits for Covid-19. This is not a partisan opinion, it is a statement of fact.

Why didnt the brown turd, Oblummer's admin make those kits back when he was in office? I mean he had 8 years to develop it right? Oh yeah, he was too busy partying in the White House with Rag Head Muzzies and Hollyweird elites, instead of being serious about FUTURE outbreaks of deadly virus's coming out of China....Your fucking statement is so retarded, but hey, i expect that from you.

 

[ReinyDays]

Outstanding Crepitus, fucking outstanding ...

 

[Crepitus]

First, our government has been extremely slow in rolling out test kits for Covid-19. This is not a partisan opinion, it is a statement of fact.

No ... this is a partisan opinion ... the government doesn't supply medical supplies ... private business does, the government contracts with private businesses to make things ... and there's a fair and equitable procedure for gathering bids, analysing them and selecting the best company to make the things ... all very time consuming ...

It is the health care industry who has been slow to roll out test kits ... we're not paying enough in insurance premiums to cover this ... plus the health care industry has BIG financial reasons to let this virus spread, they have to let people get sick, "an ounce of prevention is worth a pound of cure", so curing has a much higher profit margins and higher dividend payments to their shareholders ... especially with our complicit Congress running up the National Debt to pay those dividends ...

Corona viruses are a large family, rarely deadly in otherwise healthy people ... but they tend to mutate and just a couple of months ago, this particular strain emerged, and this strain is far more deadly than normal ... soon we'll see 100 dead per day here in the USA ... strictly partisanship to not compare that horrendous number to the 250 dead per day from the flu (on average) during the 2017-18 season ... CDC reports 61,000 died that season ...

Also ... (and this is important) ... we have something like the opposite of a self-fulfilling prophecy going on here today ... with the media screaming about how bad things are ... folks are washing their hands more often and staying further than 6 feet away for each other ... those two actions alone with end this pandemic sooner than everything else combined ...

But that's okay, I've having a great time mothering all of you and nagging you to wash your hands ... and for the love of God, will you STOP licking your hands after you let some sick person lick them ... I mean wash with soap and water ...

We had the opportunity to get a ready made out from WHO and opted not to take it. That added weeks to the time frame. Then the rest we designed didn't work. That added more weeks. It was that administration's decision not to take the off the shelf test.

So yes, they have been slow to.roll.out the test.