US equities sank on Monday as investors weighed the benefits of reopening economies and returning to pre-virus norms.
Traders are weighing efforts by nations who are in the process of slowly unwinding months-long lockdowns. Several states have begun resuming regular business activity to avoid additional layoffs and keep firms afloat. Some view the move as necessary to avoiding a prolonged recession, while others see it as
Should slide a bit more after all this economic shit. Like 20000 points.
rate my last pic 😋
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Stock market live updates: Dow down 200, reopening jitters, Tudor Jones bets on bitcoin“The president is determined, we’ll do whatever we need to do.” Treasury Sec. Mnuchin discusses the economic impact of the trillions of dollars of coronavirus relief authorized so far, and what could come next. Mnuchin is disgusting. Do you seriously believe a word he says? He does realize that regardless of interest rate, we still have to pay this back, correct? I see very large taxes in the near future. Let's reverse the corporate tax cuts and let them pay for all these costs, since it has kept the market inflated for their options. blackrock will buy junk bonds through the FED, breaking the established law.
Source: CNBC - 🏆 12. / 72 Read more »
Economic outlook: 2nd wave of virus cases to drive depression - Business InsiderThe US economy sits in 'quicksand' until a vaccine can reverse the damage done to consumer confidence and business operations, Mark Zandi added. Is it not in recession yet? I'm tурing with one hand... because my other hand is busy) You're sitting ducks for it. Brace yourselves.
Source: BusinessInsider - 🏆 729. / 51 Read more »