Trump Seeks To Calm Markets

[Ray From Cleveland]

After the 11th worst day in the history of the stock market, media-averting Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

If testing is available then that can cut down on fraud and abuse and on this I tend to take the side of precaution.

Payroll taxcuts I don't think will do much, sure it will temporarily boost the stock market but it doesn't resolve anything.

The other is just corporate bailouts.

If things keep sliding, the feds will cut the interest rate a quarter or half point to get the ball rolling again.

 

[HappyJoy]

we speak of america as a free market and a haven for capitalism. nothing could be further from the truth!

Thanks Captain Obvious.

 

[g5000]

I suspect the stock market will react positively to this development. I hope so.

From +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours

When there is blood in the streets, that's the time to buy real estate. Not so much stocks. I doubt we have seen the bottom of the stock markets yet.

I'm refinancing some property as we speak. Record low interest rate.

 

[g5000]

After the 11th worst day in the history of the stock market, media-averting Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

If testing is available then that can cut down on fraud and abuse and on this I tend to take the side of precaution.

Payroll taxcuts I don't think will do much, sure it will temporarily boost the stock market but it doesn't resolve anything.

The other is just corporate bailouts.

If things keep sliding, the feds will cut the interest rate a quarter or half point to get the ball rolling again.

The Fed lowered interest by 50 basis points last week, and that panicked the markets even more.

That was the largest cut since the Great Recession, which indicated the Fed is very worried.

 

[edward37]

This is what happens when you have a president that has no, make that, ZERO, credibility. No one believes a friggin word he says. The markets and most the world know just how inept and incompetent Trump is. Add that to Trump's propensity to prevaricate every time he opens his mouth and you have the making of a hollow presidency.

Gun to your head,,,,Anyone believe this fraud in our WH?

 

[g5000]

I suspect the stock market will react positively to this development. I hope so.

From +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours

That's the attitude of investors. It's like the old saying of financial success, buy low--sell high. People are anxious as hell to get back into the game. This is a good thing.

I think it is more of an indication of a dead cat bounce. And algorithms going amok.

 

[Ray From Cleveland]

After the 11th worst day in the history of the stock market, media-averting Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

If testing is available then that can cut down on fraud and abuse and on this I tend to take the side of precaution.

Payroll taxcuts I don't think will do much, sure it will temporarily boost the stock market but it doesn't resolve anything.

The other is just corporate bailouts.

If things keep sliding, the feds will cut the interest rate a quarter or half point to get the ball rolling again.

The Fed lowered interest by 50 basis points last week, and that panicked the markets even more.

That was the largest cut since the Great Recession, which indicated the Fed is very worried.

That half-point didn't have anything to do with the markets continuation downwards. People fail to admit what the real problem is, and the fact the problems will eventually go away.

 

[g5000]

This is what happens when you have a president that has no, make that, ZERO, credibility. No one believes a friggin word he says. The markets and most the world know just how inept and incompetent Trump is. Add that to Trump's propensity to prevaricate every time he opens his mouth and you have the making of a hollow presidency.

Gun to your head,,,,Anyone believe this fraud in our WH?

Trump's con works the same way a psychic's con works. He depends on the rubes remembering the occasional lucky hits and forgetting the thousands of misses.

 

[HappyJoy]

After the 11th worst day in the history of the stock market, media-averting Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

If testing is available then that can cut down on fraud and abuse and on this I tend to take the side of precaution.

Payroll taxcuts I don't think will do much, sure it will temporarily boost the stock market but it doesn't resolve anything.

The other is just corporate bailouts.

If things keep sliding, the feds will cut the interest rate a quarter or half point to get the ball rolling again.

They've been cut, here we are. Also a lot of people are pulling out of the market and putting it in interest earning bonds, cds etc. I'm sure they'll love that awesome rate of return.

 

[Ray From Cleveland]

I suspect the stock market will react positively to this development. I hope so.

From +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours

That's the attitude of investors. It's like the old saying of financial success, buy low--sell high. People are anxious as hell to get back into the game. This is a good thing.

I think it is more of an indication of a dead cat bounce. And algorithms going amok.

I don't have the money now, but if I did, I would be pouring as much into the market as I could today. Even if it goes down a little more, it's a long term good investment.

 

[mudwhistle]

After the 11th worst day in the history of the stock market, media-averting Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

My only question here is, why didn't you warn of all of this market crash like you did the "market crash' of last Monday when it went up 1200 points?

Good news is bad.

Bad news is good.

 

[OldLady]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

Places are considering closing to KEEP people from getting sick, too. If the government reimbursed the employers for workers who had to stay out of work (can't the government check their recent paycheck / lack thereof? Isn't that what social security records are for?) how would that invite a lot of fraud and abuse? Are you saying that all kinds of employers would work around it and fleece the government by filing false claims?

 

[edward37]

I suspect the stock market will react positively to this development. I hope so.

From +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours

That's the attitude of investors. It's like the old saying of financial success, buy low--sell high. People are anxious as hell to get back into the game. This is a good thing.

I think it is more of an indication of a dead cat bounce. And algorithms going amok.

I don't have the money now, but if I did, I would be pouring as much into the market as I could today. Even if it goes down a little more, it's a long term good investment.

It would imo be a good move especially with a longer term outlook

 

[HappyJoy]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

Places are considering closing to KEEP people from getting sick, too. If the government reimbursed the employers for workers who had to stay out of work (can't the government check their recent paycheck / lack thereof? Isn't that what social security records are for?) how would that invite a lot of fraud and abuse? Are you saying that all kinds of employers would work around it and fleece the government by filing false claims?

I think he's saying that people will call in sick when they aren't and be reimbursed where normally they wouldn't. I don't think that's entirely invalid however if you are seeking medical attention then there is proof of using medical leave/sick days.

Other than this I think Trump's ideas suck. Payroll tax cuts aren't going to spur spending when people are sitting in their homes and they do nothing for anyone who becomes unemployed during this crisis.

At least that's my 2 cents which isn't worth much.

 

[g5000]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

Places are considering closing to KEEP people from getting sick, too. If the government reimbursed the employers for workers who had to stay out of work (can't the government check their recent paycheck / lack thereof? Isn't that what social security records are for?) how would that invite a lot of fraud and abuse? Are you saying that all kinds of employers would work around it and fleece the government by filing false claims?

I think he's saying that people will call in sick when they aren't and be reimbursed where normally they wouldn't. I don't think that's entirely invalid however if you are seeking medical attention then there is proof of using medical leave/sick days.

That's exactly what I am saying. Thank you.

 

[edward37]

When the scientists said coronavirus coming our way is WHEN not IF, Trump went bonkers

 

[HappyJoy]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

Places are considering closing to KEEP people from getting sick, too. If the government reimbursed the employers for workers who had to stay out of work (can't the government check their recent paycheck / lack thereof? Isn't that what social security records are for?) how would that invite a lot of fraud and abuse? Are you saying that all kinds of employers would work around it and fleece the government by filing false claims?

I think he's saying that people will call in sick when they aren't and be reimbursed where normally they wouldn't. I don't think that's entirely invalid however if you are seeking medical attention then there is proof of using medical leave/sick days.

That's exactly what I am saying. Thank you.

The other issue here of course is that people who do not have sick time may not be insured either, certainly not through their employer. So, they'll end up in emergency rooms and they already are going to be stretched thin and I don't see a plan for this.

We're still more than likely going to see over a million people come down with this as it appears government agencies have given up on containment.

 

[HappyJoy]

When the scientists said coronavirus coming our way is WHEN not IF, Trump went bonkers

I was thinking more along the lines of 2012.

 

[edward37]

Since when are Republicans in favor of payroll tax cuts??

 

[g5000]

I suspect the stock market will react positively to this development. I hope so.

From +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours

That's the attitude of investors. It's like the old saying of financial success, buy low--sell high. People are anxious as hell to get back into the game. This is a good thing.

El-Erian: Stock market bottom is not in yet, despite the bounce after Monday's historic decline

• The stock market has not reached its bottom yet, even as Wall Street headed higher Tuesday after historic declines, economist Mohamed El-Erian told CNBC.
• “It’s going to be very volatile but around, unfortunately, a downward trend for now,” the chief economic advisor at Allianz said Tuesday.

• El-Erian has for weeks warned investors against buying market dips as they’ve been conditioned to do over recent years because it’s worked.

.