Financial concerns with potential black swan coronavirus

Discussion in 'Financial Cents' started by mysterymet, Feb 2, 2020.


  1. mysterymet

    mysterymet Monkey+++

    Actually, they are building new stuff and new businesses are opening around me. The recovery was more regional. However, with what is going on now companies are getting nervous. We just started a hiring freeze for the next few months. If anything it looks like my company is anticipating economic slow down and looking to get out ahead of it to be able to ride it out...
     
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  2. DKR

    DKR Raconteur of the first stripe

    A lot of businesses and businesspersons will be in 'spooked' mode until after the elections. Any rational business owner should be scared spit-less that a Berni or Warren gets elected. - wait, let me make that ANY Democrat - gets elected POTUS.

    I saw the crash ahead of Oh'Bammy - and, by comparison, he was nowhere near lunatic leftest as the current crop of wannabes running under the National Socialist Democrat banner.
     
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  3. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    @DKR "Any rational business owner should be scared spit-less that a Berni or Warren gets elected."
    Man-oh-man! Ain't that the truth! Terrified will be the norm. We would see the markets dump overnight! And, I mean a dump!

    And, Consumer Confidence is a much bigger deal than what most think...

    Say what you will about Trump but economy wise he has done very, very well and the people of the country show they have faith in him to keep the economy in good shape.

    Financially, I am not sure what more one could do. Should this turned into a full-blown pandemic, something on the scale of the Spanish Flu, even then it will eventually burn itself out and if not - well - then it won't matter.

    So, if it was me, I would leave my investments as they are. In truth, I would be more afraid of the November elections than the Corona Virus as I cannot see the Leftists allowing Trump another 4-years, it will ruin them; furthermore, he will not be constrained since he cannot be reelected. He will set them back another 20 years. Frankly, I fear for his life... Should the Left get in...I think it will be game-over and economy will go down the drain quickly.

    Geez, gold at $1577 today...guess some are hedging their bets...
     
    Last edited: Feb 3, 2020
  4. Airtime

    Airtime Monkey+++

    We have a bit in our retirement funds of various sorts. We figure what we would need bare minimum to live on for 3 years and generally keep that amount in non-volatile or less volatile investments. The rest is in high yield stuff. When stocks and 401s take a dive they recover 100% of the time, the question is just how long will it take. Usually in less than 3 years and often well less than that (Obummer was an exception.) If the market tanked, our non-volatile stuff would hold strong and that would be what we tap until the markets recover, that way we don’t cement a loss by needing to pull money out when the values are low. And if we think we don’t need to tap the non-volatiles we can move some of those into the higher risk higher yield stuff while the market is down. Did that in 08 and it was a good move.
    AT
     
    Last edited: Feb 4, 2020
  5. mysterymet

    mysterymet Monkey+++

    Can we now say that this does qualify as a black swan event?
     
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  6. Dunerunner

    Dunerunner Brewery Monkey Moderator

    Have lost over $10K in my wife's IRA... Since we are no longer contributing to that account, it took a hit!!
     
    mysterymet likes this.
  7. mysterymet

    mysterymet Monkey+++

    I can’t even look at mine right now. Too depressing.
     
    Tully Mars likes this.
  8. ghrit

    ghrit Bad company Administrator Founding Member

    Just got the statements. Urk. Not a death knell, but painful.
     
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  9. Cruisin Sloth

    Cruisin Sloth Special & Slow

     
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  10. Cruisin Sloth

    Cruisin Sloth Special & Slow

    This was written by a guy. Just a guy who is concerned about Canada....

    We are seeing the most communist measures enforced at all levels of government that we've ever seen in our lifetimes, and yet rather than being alarmed by the things going on, so many of you applaud.



    People are being arrested for spending too much time outside, and you applaud. Pastors are being arrested for daring to hold church services, and you applaud. A child's birthday party is raided by police, and you applaud. A young woman is ticketed for going on a leisurely drive alone because it's deemed "non-essential travel", and you applaud. A parade of school teachers and administrators who wanted to drive through neighborhoods and wave at children is busted up by cops because they were "nonessential," and you applaud. A lone paddleboarder in the ocean on a beach without any other people around is arrested because he's violating quarantine orders, and you applaud.



    People are being denied life saving medical treatments because they're not a priority right now (not "essential" as deemed by the government) as the entirety of our medical system is focused on one thing, and you applaud.



    Businesses are beings forcibly closed and padlocked and owners arrested for refusing to shut down, and you applaud. Dairy farmers (and soon, other farmers) are being incentivized to stop dairy farming and to sell their herds, and you don't seem to understand the implications.



    You're being told to use hotlines and online forms provided by your local governments to report your neighbors who don't obey, and you comply.



    You scold people day after day for not obeying government edicts, and if any of us dare to question what's happening, you lecture about how we're a danger to society and and we just don't care about people dying.



    You've somehow managed to convince yourselves that the people whose lives are affected by a virus are MUCH more important than the people whose lives are being destroyed (and in many cases, leading to death) by the effects of a worldwide economic shutdown and impending worldwide depression the likes of which no one has ever seen before. At what point will you start QUESTIONING what's going on?



    How far does the government have to push before you're jolted awake from your slumber? How far are you willing to go with this?



    If they told you to load your families onto train cars so that you could be taken to Virus Protection Facilities for your own safety, would you do it?



    YES. Yes, you would.That much has become painfully obvious. Yet the whole time, you'd be shaking your finger and yelling at those who refused, accusing them of being "a danger to society" and "not caring if people die." But they don't have to load you onto train cars and take you to Virus Protection Facilities, or force you to comply, because you do that voluntarily.



    They control your mind. They control you through fear. They control you by convincing you that the world is a scary dangerous place, but they're here to protect you, care for you, and keep you safe, just as long as you OBEY.



    They know that as long as you're locked inside your comfortable home with Netflix, Hulu, Facebook, Twitter, Instagram, and a cell phone, while dangling a $$$$$ check in front of you like a carrot on a stick, you'll comply. No force is necessary for the majority of the herd.



    The truth is YOU ARE IMPRISONED, willingly, and you're too blind to see it."
     
  11. Wildbilly

    Wildbilly Monkey+++

    Birthday parties and church services, at this time, are criminally stupid! The rest I would let go, until more people started doing it...maybe the government thinks that it is easier to stop one paddle boarded now than to clear hundreds of beach goers later.

    People that need emergency medical treatment are not being denied service. However, boob jobs, abortions, liposuction, nose jobs, gender reassignment, cataract removal, dental implants, etc. are not emergencies and can wait. Hospitals are being set aside for those that don't have the virus, and frankly I couldn't imagine anyone willing entering a hospital full of people sick and dying from this modern plague.
    REMAIN CALM AND CARRY ON!
     
  12. DKR

    DKR Raconteur of the first stripe

    Had to make a run to Wally World today - needed envelopes to mail my tax money to Unka.

    Full parking lot, folks coming and going. About 2/3 with some kind of face overing, 1/3 not covered and nobody seemed to GAS. Most employees were uncovered and no throttling of entry to the store.

    IOW, everyone giving the mayor the finger.

    We just had #8 'official' COV death. All but one over 60, most with problems - could have been the flu - last year....

    8 dead in a state with a population of 750K. I won't do the math, too many zeros tot he right of the decimal point.
     
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  13. mysterymet

    mysterymet Monkey+++

    My state doesn’t have shelter in place. Certain businesses are closed. Schools are closed. Non essential surgeries and dental procedures are stopped.
     
  14. mysterymet

    mysterymet Monkey+++

    That is awesome. Did you write it or dk you know who did? I want to send it to a few people but want to make sure to give appropriate credit.
     
  15. Cruisin Sloth

    Cruisin Sloth Special & Slow

    the world has changed.
    I know he has two heads , and one is smart , the other has caused him trouble ;)
    S
     
    Last edited: Apr 12, 2020
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  16. Cruisin Sloth

    Cruisin Sloth Special & Slow

    This is a pure HOAX

    Look ::
     
  17. DKR

    DKR Raconteur of the first stripe

    Now our pipsqueak (no, the dude really is short and has a 'small man' complex) has decided that his 'emergency powers' need to be extended into the Fall - oh, and past the the election.

    Ya, a Dem, no surprise.
     
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  18. mysterymet

    mysterymet Monkey+++

    So the stock market seems to be holding around 24000 level but many of the other economic indicators seem to be in the toilet. It appears that there is a bit of market manipulation going on...
     
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