aparch
Acetaminamerican
If Trump keeps going, he'll be working on erasing yet *another* Obama legacy.
#RaceBackTo7949
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Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
- Thread starter MissThundercat
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If Trump keeps going, he'll be working on erasing yet *another* Obama legacy.
#RaceBackTo7949
Kepler
Si certus es dubita
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
Can you explain why that's strange/alarming/horrifying to us liberal artsies, please?
Can you explain why that's strange/alarming/horrifying to us liberal artsies, please?
Handyman
Hug someone you care about...
The 1800 it is down today will be a dream...
What is everyone's guess on the bottom? I think 15000 is a lock...myguess is 14000.
ticapnews
Never graduate.
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
Wouldn't be stunned to see 10K
According to Alexa, it's now down over 2000 points, 10%.
Wouldn't be stunned to see 10K
Handyman
Hug someone you care about...
Yeah...9.5%. I'm sure tomorrow will rise 1000 and the Trumpers will try and pretend it is ok.
dxmnkd316
Lucia Apologist
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
Just a more severe version of what French said earlier. People are now dumping everything they can into bonds, the perceived safest place for money. I guess we'll see, this will be the biggest test of that in generations.
Just a more severe version of what French said earlier. People are now dumping everything they can into bonds, the perceived safest place for money. I guess we'll see, this will be the biggest test of that in generations.
aparch
Acetaminamerican
That's exactly what will happen. Two days of slow rise (or a rise and a hold, or a rise and a not so bad fall) will lead to an onslaught of "have we hit bottom?" and "It's getting better!" yelling from the Trumpeteers.
Handyman
Hug someone you care about...
ticapnews
Never graduate.
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
One of the pieces of legislation passed by the Legislature last night was the ability for each Mainer to get an interest-free $5000 loan (no questions asked) from your bank or credit union (they signed off on this). I figure I'll get the loan (no interest) and pay off my credit card (interest). Seems like a good deal.
One of the pieces of legislation passed by the Legislature last night was the ability for each Mainer to get an interest-free $5000 loan (no questions asked) from your bank or credit union (they signed off on this). I figure I'll get the loan (no interest) and pay off my credit card (interest). Seems like a good deal.
psych
Well-known member
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
Sorry if you already mentioned it earlier in the thread, but what are the terms? I assume you pay this back, but over how long? And starting when?
Sorry if you already mentioned it earlier in the thread, but what are the terms? I assume you pay this back, but over how long? And starting when?
aparch
Acetaminamerican
Holy sh**. That's brilliant. I too would wonder about the payment terms, but not having interest accruing seems awesome.
ticapnews
Never graduate.
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
I haven't seen the repayment terms, but there is no interest until 12 months after the governor declares the emergency over. I assume you wouldn't start repaying it until this is over. If you repaid it in the first 12 months there would be no interest. They have authorized three loans - one this month, one next month and one the month after, so you could take out up to $15,000 but I'm not sure I want to be on the hook for that much. But if you have interest-bearing debt, this seems like a no-brainer.
I haven't seen the repayment terms, but there is no interest until 12 months after the governor declares the emergency over. I assume you wouldn't start repaying it until this is over. If you repaid it in the first 12 months there would be no interest. They have authorized three loans - one this month, one next month and one the month after, so you could take out up to $15,000 but I'm not sure I want to be on the hook for that much. But if you have interest-bearing debt, this seems like a no-brainer.
ticapnews
Never graduate.
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
Wall Street to move to electronic trading
Wall Street to move to electronic trading
ticapnews
Never graduate.
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
I found the paperwork for the loan deal. It's directed at people who have lost work because of Covid-19. I qualify because I should be working for the Census Bureau and we're obviously not doing anything right now. The loan program is voluntary so I may have to look a little to find a bank or credit union. The repayment is 180 days, not a full year. There is no interest as long as the amount is repaid in the 180 days. If not, interest is charged at the lender's usual percentage rate. Sounds like a great deal.
I found the paperwork for the loan deal. It's directed at people who have lost work because of Covid-19. I qualify because I should be working for the Census Bureau and we're obviously not doing anything right now. The loan program is voluntary so I may have to look a little to find a bank or credit union. The repayment is 180 days, not a full year. There is no interest as long as the amount is repaid in the 180 days. If not, interest is charged at the lender's usual percentage rate. Sounds like a great deal.
aparch
Acetaminamerican
That looks to take the bump from the end of the day yesterday out.
Probably looking at our FIFTH 7% circuit breaker in the last two weeks, and stocks will probably end down 5% on the day. The premarket really sucks the life out of the market, actual day trading hasn't been completely free fall.
Unless Trump speaks during trading hours. Then it will go down 10%
aparch
Acetaminamerican
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
And now DOW futures are only down 250, meaning the open won't be as disastrous.
On the upside.... Oil. Oil is actually trading up right now.
*edit* Also, this is going to be a weird opening bell, as the trading floor has been closed and all the exchanges will be electronic.
*edit2* Correction. All electronic starts Monday.
And now DOW futures are only down 250, meaning the open won't be as disastrous.
On the upside.... Oil. Oil is actually trading up right now.
*edit* Also, this is going to be a weird opening bell, as the trading floor has been closed and all the exchanges will be electronic.
*edit2* Correction. All electronic starts Monday.
Last edited:
D
Deutsche Gopher Fan
Guest
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
Woman on msnbc says two of largest cruise companies are based in Liberia and Panama? Yeah, go ask them for help.
Woman on msnbc says two of largest cruise companies are based in Liberia and Panama? Yeah, go ask them for help.
dxmnkd316
Lucia Apologist
Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich
None of the cruise companies are based in the us. So they don’t have to pay taxes. They also don’t fly US flags.
I say **** em
None of the cruise companies are based in the us. So they don’t have to pay taxes. They also don’t fly US flags.
I say **** em
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