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comment by ButterflyEffect
ButterflyEffect  ·  304 days ago  ·  link  ·    ·  parent  ·  post: US jobless claims soar past 3 million to record high

Well that sure does seem like we're fucked, huh?





kleinbl00  ·  304 days ago  ·  link  ·  

You shut your whore mouth. The bear market is over so the future is full of sunshine and rainbows.

WSJ's daily shot pointed out that the stimulus is equivalent to 10% of GDP. Which, in simple terms, means that if we're all out of work for more than 5 weeks it won't be enough.

NevaMor  ·  304 days ago  ·  link  ·  

Nah we will be ok, we'll just print money for everyone (/s). Hello stagflation!

kleinbl00  ·  304 days ago  ·  link  ·  

WSJ has a great article on what's actually in the stimulus. You know what? It basically looks like the Democrats wrote it and the Republicans signed on because holy fuck they needed to be seen doing something. It's almost entirely hand-outs for humans and loans for businesses.

I should probably copy it down so that people can get past the paywall.

kleinbl00  ·  304 days ago  ·  link  ·  

mk  ·  304 days ago  ·  link  ·  

Sub-optimal, to be sure.