We just closed the country down.
What the fuck did you expect, record growth?
Of course Q2 is abysmal. And 3Q is going to go through the roof.
A recesion, by definition, is two successive quarters of contraction.
We won't have them.
This is NOT regular economic activity.
BTW, contraction is not the same as drop in the growth rate.
@Debradelai what do you think about the economic situation? The estimates for 2q gdp growth are about -45%, that’d be the largest drop in recorded history and will put us in a recession by definition. On the other hand the stock market is soaring and real estate is not budging much so far...
@Debradelai what do you think about this idea? Are you getting penned in in real time by the mega corps?
The greatest beneficiary of the covid related shutdown is amazon. As ppl stayed home and ordered online.
The greatest beneficiary of rioting is amazon. As small businesses are destroyed.
"The company raised $10bn in an offering that included three-year notes carrying an interest rate of just 0.4%... less than two-tenths of a percentage point above the rate investors charged the US government..."
Drove the main street of Kennebunkport ME today. A significant restaurant closed for good, other shops closed as well. The Town notified residents there would only be resident parking at the beaches this summer. No parking for renters, visitors. And, no gathering or sitting on the beaches. 14 day quarantine for non-essential travelers still in effect. Rental agreements cancelled for 2020. 73 deaths in the state. Over 70 businesses closed. Destruction of a small town, perfectly executed.
For those of you familiar with Carlos Osweda's recent thread about the dustup with two trolls from Hell (or two Newsom protegés, if you will), I am pleased to inform you that he is in perfect condition, if slightly battered, and much better for wear than the two asshats who must have ended in a hospital.
He's looking forward to our Saturday chats.
I’m sharing this here bc I have no idea if any of these incredible accusations regarding judge Sullivan are true. I couldn’t find any records online about his son...
Beard Blather 11
Thomas Wictor and Saul Montes-Bradley discuss Obama's "commencement address," the growing rebellion against draconian stay at home" orders, China's military prowess...or lack thereof, Taiwan, the Nixon era, Jimmy Carter's lack of intellect and Joe Biden's lack of brains, among other things.
As always, an unscripted conversation that leads to unsuspected subjects.
I an actually sitting here crying.
Those who label words as violence do so with the sole purpose of justifying violence against words.