What's new
By:
USCHO Fan Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.

Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Status
Not open for further replies.
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">We need a new word for a country governed by the television. <a href="https://t.co/UB12rhExBk">https://t.co/UB12rhExBk</a></p>— Ben Collins (@oneunderscore__) <a href="https://twitter.com/oneunderscore__/status/1238105140428771334?ref_src=twsrc%5Etfw">March 12, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Deutsche Gopher Fan said:
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">We need a new word for a country governed by the television. <a href="https://t.co/UB12rhExBk">https://t.co/UB12rhExBk</a></p>— Ben Collins (@oneunderscore__) <a href="https://twitter.com/oneunderscore__/status/1238105140428771334?ref_src=twsrc%5Etfw">March 12, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Click to expand...

Mediocracy.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

BassAle said:
also note I'm BUYING put contracts not writing put contracts (buy to open). These give me the OPTION but not obligation to sell shares at a specified price. I don't have to exercise the option and planned (and did) sell them before expiration. My maximum risk is the option premium.

If I write the put contract (sell to open), then I'm obligated buy shares at the contracted price if the person that bought the contract exercises it.
Click to expand...

This is why I don't dabble.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

My firm's stock is now down over 30% in three weeks. Good thing I'm not stupid enough to have the whole nest egg tied up in that.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

FadeToBlack&Gold said:
My firm's stock is now down over 30% in three weeks. Good thing I'm not stupid enough to have the whole nest egg tied up in that.
Click to expand...

Yeah with mine I sell as soon as it vests. I figure I already have my salary tied up in them, no need to double down. (Though for this month's lot I might hold it a bit until things pick up...)
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Can someone who understands crypto better than me explain why Bitcoin is also crashing? Wasn’t its creation and purpose to be independent to specifically avoid these types of situations?

Did too many people get in on it during that historic rise that it’s now treated as nothing more than a commodity?
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Spartanforlife4 said:
Can someone who understands crypto better than me explain why Bitcoin is also crashing? Wasn’t its creation and purpose to be independent to specifically avoid these types of situations?

Did too many people get in on it during that historic rise that it’s now treated as nothing more than a commodity?
Click to expand...

I think basically it's treated as a commodity and so when things crash it will too, as the value of everything goes down. Bitcoin or gold or other stores of value will do better when inflation is going on (bond purchases, ultra-low rates, money printing) but there isn't a general crash. Like they did good in 2011 when the economy was picking up but money was being printed, and came down once QE stopped, and even though rates are lowering again now the general slowdown is taking precedent. (Not an expert, just my interpretation.)
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The Senate is going to go into a full recess without taking action, as the coronavirus is spreading at lightening speed. Tells you all you need to know about the priorities of <a href="https://twitter.com/senatemajldr?ref_src=twsrc%5Etfw">@senatemajldr</a> & his cronies.</p>— John Weaver (@jwgop) <a href="https://twitter.com/jwgop/status/1238132417531183104?ref_src=twsrc%5Etfw">March 12, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Spartanforlife4 said:
Can someone who understands crypto better than me explain why Bitcoin is also crashing? Wasn’t its creation and purpose to be independent to specifically avoid these types of situations?

Did too many people get in on it during that historic rise that it’s now treated as nothing more than a commodity?
Click to expand...

It’s far more susceptible to negative uncertainty. People buying bitcoin are speculating day traders. The economy, not just he markets, are in trouble. People are dumping bitcoin to cash in profits and move to higher ground. It’s not like gold where there’s a precious tangible asset to back it.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Did anyone see the BWW commercials in the past few weeks saying how they would have a B&B in one of their locations for a select group of fans to watch the games and never have to leave? They clearly timed that beautifully.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Sounds like the fed stepped in. French was right. Holy hell. CNBC is almost having their breath taken away reporting this. Sounds like it’s big.
 
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Fed Chair Powell stepped in directly. Emergency.

Quantitative easing. Half trillion into liquidity. 1.5 trillion overall.
 
dxmnkd316 said:
Sounds like the fed stepped in. French was right. Holy hell. CNBC is almost having their breath taken away reporting this. Sounds like it’s big.
Click to expand...

That's *exactly* what Jim Cramer was yelling for this morning.

Holy fu**. Our government is getting their advice from TV.
 
Status
Not open for further replies.
Back
Top