Does anyone care about the economy?

Self · Post by **Self** » Sun March 15, 2020 10:48 pm

doug rr wrote:welp, the fed's out of bullets...

The fed only had blanks, when it came to this.

doug rr · Post by **doug rr** » Sun March 15, 2020 10:51 pm

Self wrote:
doug rr wrote:welp, the fed's out of bullets...
The fed only had blanks, when it came to this.

looks like i picked the wrong week to quit jelly bellys ..

Self · Post by **Self** » Sun March 15, 2020 10:56 pm

doug rr wrote:
Self wrote:
doug rr wrote:welp, the fed's out of bullets...
The fed only had blanks, when it came to this.
looks like i picked the wrong week to quit jelly bellys ..

Nobody told me there'd be days like these.

BurtReynolds · Post by **BurtReynolds** » Sun March 15, 2020 11:00 pm

tragabigzanda · Post by **tragabigzanda** » Sun March 15, 2020 11:06 pm

FUCK ICE

Strat · Post by **Strat** » Sun March 15, 2020 11:08 pm

tragabigzanda wrote:holy shit! 0%?!

Im gonna be so fucking busy the next fucking forever time.

blueviper · Post by **blueviper** » Sun March 15, 2020 11:50 pm

This seems a bit premature. But sounds like a bandaid to give the stock market a boost on Monday and make Trump look good (to himself.)

doug rr · Post by **doug rr** » Sun March 15, 2020 11:51 pm

blueviper wrote:This seems a bit premature. But sounds like a bandaid to give the stock market a boost on Monday and make Trump look good (to himself.)

as soon as it was announced the futures dropped over 1000 pts for tomorrows opening

Strat · Post by **Strat** » Sun March 15, 2020 11:51 pm

This is not going to end well.

Also, good luck borrowers! 0% and appraisers that can't go and inspect properties!

BurtReynolds · Post by **BurtReynolds** » Mon March 16, 2020 12:01 am

doug rr wrote:
blueviper wrote:This seems a bit premature. But sounds like a bandaid to give the stock market a boost on Monday and make Trump look good (to himself.)
as soon as it was announced the futures dropped over 1000 pts for tomorrows opening

We just need to supply the banks with even more money!

tragabigzanda · Post by **tragabigzanda** » Mon March 16, 2020 12:02 am

FUCK ICE

Strat · Post by **Strat** » Mon March 16, 2020 12:10 am

tragabigzanda wrote:
Strat wrote:This is not going to end well.

Also, good luck borrowers! 0% and appraisers that can't go and inspect properties!
??

We're all gonna be on lockdown soon. Appraisals/loans (typicall) require personal inspections from the appraiser. There's a chance for awhile we may not be able to do such a thing. So what happens? I dont know.

LetMeSleep · Post by **LetMeSleep** » Mon March 16, 2020 12:12 am

Strat wrote:
tragabigzanda wrote:
Strat wrote:This is not going to end well.

Also, good luck borrowers! 0% and appraisers that can't go and inspect properties!
??
We're all gonna be on lockdown soon. Appraisals/loans (typicall) require personal inspections from the appraiser. There's a chance for awhile we may not be able to do such a thing. So what happens? I dont know.

property crash...

Strat · Post by **Strat** » Mon March 16, 2020 12:14 am

LetMeSleep wrote:
Strat wrote:
tragabigzanda wrote:
Strat wrote:This is not going to end well.

Also, good luck borrowers! 0% and appraisers that can't go and inspect properties!
??
We're all gonna be on lockdown soon. Appraisals/loans (typicall) require personal inspections from the appraiser. There's a chance for awhile we may not be able to do such a thing. So what happens? I dont know.
property crash...

They will just have 6-8 week turn times and who knows about rate locks and all that shit.

LetMeSleep · Post by **LetMeSleep** » Mon March 16, 2020 12:15 am

Strat wrote:
LetMeSleep wrote:
Strat wrote:
tragabigzanda wrote:
Strat wrote:This is not going to end well.

Also, good luck borrowers! 0% and appraisers that can't go and inspect properties!
??
We're all gonna be on lockdown soon. Appraisals/loans (typicall) require personal inspections from the appraiser. There's a chance for awhile we may not be able to do such a thing. So what happens? I dont know.
property crash...

They will just have 6-8 week turn times and who knows about rate locks and all that shit.

This will go on for 6 months at least. Temporary lockdowns minimum.

Strat · Post by **Strat** » Mon March 16, 2020 12:31 am

LetMeSleep wrote:
Strat wrote:
LetMeSleep wrote:
Strat wrote:
tragabigzanda wrote:
Strat wrote:This is not going to end well.

Also, good luck borrowers! 0% and appraisers that can't go and inspect properties!
??
We're all gonna be on lockdown soon. Appraisals/loans (typicall) require personal inspections from the appraiser. There's a chance for awhile we may not be able to do such a thing. So what happens? I dont know.
property crash...

They will just have 6-8 week turn times and who knows about rate locks and all that shit.
This will go on for 6 months at least. Temporary lockdowns minimum.

I would be so fucking happy if they just got rid of interior inspections all together. Exteriors and desktops for life, baby. Lower fee but so much easier...

blueviper · Post by **blueviper** » Mon March 16, 2020 12:34 am

doug rr wrote:
blueviper wrote:This seems a bit premature. But sounds like a bandaid to give the stock market a boost on Monday and make Trump look good (to himself.)
as soon as it was announced the futures dropped over 1000 pts for tomorrows opening

Yeah. I think they were hoping to go the other direction.

I guess Wall Street saw it as White House just trying to throw anything at the wall and see what sticks.

verb_to_trust · Post by **verb_to_trust** » Mon March 16, 2020 12:42 am

This is like the third time in a week Trump has tried to stop the market nosedive. It's not going to work.

washing machine · Post by **washing machine** » Mon March 16, 2020 3:37 pm

Buy gold.

Post by **4/5** » Mon March 16, 2020 4:14 pm

The bottom line is that economic policies can't stop a health crisis/panic.

The Fed cutting rates to 0% was meaningless as far as economic stimulus goes as the dramatic decrease in demand by the market had already basically pushed interest rates there already.

That said, there's probably about to be a lot of businesses struggling to make payroll very soon and so the fact that The Fed is pumping liquidity into lending markets will probably help with problem. But The Fed has no bullets for a virus.

Red Mosquito

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