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Discussion Starter #1 (Edited)
With the stock market on a spiraling deep dive due to Coronavirus scares fueled by the media saying is you are over 60 you are doomed to a place worse than our own T/A Dungeon IE: Death.

Toss in that Oil Crash with prices that haven't been seen in decades, again fueled in part due to the Coronavirus. Will or when do you feel that our governing bodies will come together and promote, approve, and bless Helicopter Money to drop from the sky? Not literally drop from the sky, but distributed as in a more socially standard method of gifts/entitlements via USPS and or direct deposits.

And will it work as a viable stimulant to the economy?

What other stimulants do you see as possibly being in our future?
 

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My only fear, is the strong recession, this wave of fear is supposed to creat, may be the excuse the dems are looking for to get Trump out of office. It is more likely were that to happen, to see democratic socialism embraced as the cure all.

When all this ends, it is going to take, perhaps many years to get the economy and the markets back on an even keel. If Trump is in office, I expect measured responses. Bernie as well as Biden are more likely to throw the whole 9 yards at the problem at once, providing for the greatest fraud (we seem to have a lot of those lately) ever perpetuated on the American people....and yes, hillary wants a slice of that new pie.
 

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The oil market has been in turmoil for months now due to the slowing economies in Europe and Asia. The USA has been the primary driver of economic power and success. Now the Russians and Arabs have gotten into a pissing contest that I hope doesn't last too long. Oil is still the economic driver around the globe. It is the barometer and also greases the wheels...literally and figuratively.

If the viral panic does not begin to subside within 8 weeks give or take, we may well see the mother of all recessions. The MSM would be delighted especially as they would blame Trump, BREXIT, and any other independent source of liberty and national pride.

Over the weekend Kudlow hinted at "targeted" relief to industries and even persons directly impacted by the viral panic. He would give specifics or dates as he's smart enough to not steal Trumps thunder. I figured this may mean tax credits to the airlines and maybe the quarantined people who cannot work.
 

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Discussion Starter #4
How many remember the Stimulus Checks that the government paid out back in 2008 as an effort to stimulate spending and getting the economy back on tract?

That was in effect Helicopter Money IE: Free Money from above...LOL!!!

I'm waiting to see how long it will be before the auto manufactures begin once again offering Zero Percent financing for 72 months plus rebates to anyone who can sign their name. With the Fed loaning money at record lows there really is no reason not to expect this to once again make it to the market place.

Ford stock as of today is selling for less than $5.90 a share and paying a dividend of 10.17% which needless to say is unsustainable. Will Ford be the next to go under and reorganize or will they get that bail out that the other auto manufactures took decades back?
 

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How many remember the Stimulus Checks that the government paid out back in 2008 as an effort to stimulate spending and getting the economy back on tract?

That was in effect Helicopter Money IE: Free Money from above...LOL!!!

I'm waiting to see how long it will be before the auto manufactures begin once again offering Zero Percent financing for 72 months plus rebates to anyone who can sign their name. With the Fed loaning money at record lows there really is no reason not to expect this to once again make it to the market place.

Ford stock as of today is selling for less than $5.90 a share and paying a dividend of 10.17% which needless to say is unsustainable. Will Ford be the next to go under and reorganize or will they get that bail out that the other auto manufactures took decades back?
Ford was in trouble before anyone heard of COVID-19. Were the only products they manufacture the F-Series Trucks and the Mustang.... they would be hunky dory. Ford did not take a bail-out in the 2009 disaster, No matter who is in office, Ford will not go down. We will feel we owe them one and Ford will go from there.

With G.M. and Chrysler, I expect them to get deja vu if needed! What folks won't do to be in power!
 

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The oil crash prices are due to Saudi Arabia dumping huge amounts of oil onto the market in order to drive the price of crude down, since most Countries are able to produce their own oil at a reasonable cost they are no longer buying Saudi oil thus damaging their economy.
Saudi Arabia is trying to force other Countries to buy their oil by being the least costly source.
 
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The Saudi's don't have the global power to play this game seriously. How do you suppose they'd react if we pulled all US assets out of their sandbox and made them fight their own wars? The royal family is in turmoil over there and they can't stomach an economic collapse not the idea of sending their men to war in places like Yemen.
 

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And airlines are flying "ghost" flights in Europe, right now. Yep, totally empty aircraft, flown into and out of European airports, just to maintain their gate-positions. Somebody must think things will get better soon, but with the entire country of Italy (some 60 million populatio) on virtual lockdown, who knows what will happen across the pond?
 
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I believe the 2008 stimulus checks actually came as tax rebates, didn't they? I really don't think we're going to see any 'helicopter money' as the OP puts it. Free money tomorrow, hard work continues for today.
 

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Once the virus scare is over, the market will stabilize. Cheap oil is good for our economy, generally. Corona has slowed travel.

Corona will die out soon, as the weather warms.

This is a glitch, a blip, a temporary setback.

The market was. IIRC, at 18000 in July 2016.
Another bright side is that mortgage interest rates have not been this low for decades! If one has a mortgage, check and see how much money a re-finance now can save you every month.

The oil crash prices are due to Saudi Arabia dumping huge amounts of oil onto the market in order to drive the price of crude down, since most Countries are able to produce their own oil at a reasonable cost they are no longer buying Saudi oil thus damaging their economy.
Saudi Arabia is trying to force other Countries to buy their oil by being the least costly source.
As I understand it, SA wanted to sway OPEC to production cuts in order to prop up the market price. Russia would not play ball (gives a strong indication of where THEIR economy lies) and when they wouldn't cut their output SA said Katy bar the door and run the pumps 24/7/365. It's that move that made prices plummet.
 
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Once the virus scare is over, the market will stabilize. Cheap oil is good for our economy, generally. Corona has slowed travel.

Corona will die out soon, as the weather warms.

This is a glitch, a blip, a temporary setback.

The market was. IIRC, at 18000 in July 2016.
Just remember that while the market is down your 401K is buying low.

When the market starts coming back it will look even better than it did.

It will come back because even with the media's support this freak out
will start to fade.
Higher temps and humidity will put the virus on the sidelines. The only threat then will be that attention and research will stop again.

A potential good side of this may be more effective flu treatments going forward.
 
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Fact remains that less people in the US have died from the "Coronavirus" than have died from the run-o-da-mill flu this year. The 9Coronas virus actually appears to have a lower mortality rate than the good ol' flu. This is a fart in a hurricane that the media is trying to whip into a real crisis. Once people start NOT dying in droves, the panic will settle, and much like Russian Collusion(TM), will begin to lose the public's interest. The problem is that in the interim, almost all media sites are preaching the same zombie apocalypse scenario which makes it really hard to gather accurate facts with which to make an informed decision.

Thanks, CNN/NBC/CBS/MSNBC/Politico/Fox(although to a significantly lower degree, but still kicking that ball!)....
 

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Discussion Starter #16
I believe the 2008 stimulus checks actually came as tax rebates, didn't they? I really don't think we're going to see any 'helicopter money' as the OP puts it. Free money tomorrow, hard work continues for today.
The 2008 Stimulus checks did come labelled as "Tax Rebate". But, the point was that it was designed to stimulate the economy and was in fact money sent that was not expected, but rather gifted to start the economy moving.

For some reason I am wanting to say that back in 2008 there was a federal law that prohibited releasing funds to the public for the purpose to promote spending, trade and stimulating the economy and this was the reason behind the funds being issued via the IRS as a rebate.

Or simply put, a rose is a rose by any other name.
 

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Discussion Starter #17
I heard a report that the rumor of the Coronavirus going away when the warm/hot weather arrives was more of a false hope. While there was/is speculation of this happening, there is no proof of this being a fact. Even during the hottest months of the year people do come down with a "summer flu". While it is not as common as the flu that spreads as rapidly as the winter flu, it does exist. Given that a large number of people will get a flu shot and or build up level of tolerance to the flu during the winter months the summer numbers are relatively small.

But with the Coronavirus there is not vaccine available at this time. People have no tolerances built in their body to fight off the virus. So based on this the public is looking for false hope predictions that the Coronavirus will dissipate moving into the summer months. I think the best thing that we can say is we are moving forward into unknown territories of life with a new super virus.
 

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I have a buy order in for Ford stock right now. When and if the price hits low enough the order will go through. I don't see Ford folding and long term I think it may be a decent buy if it gets low enough. I'm willing to take a chance.

My regular job is finally implementing a 401(k) plan. I think with the market being at a low it is a great time to start as well.

I make regular purchase into my IRA account every week. If the market continues to drop I will squander money from savings to max out my IRA contributions for the year while the market is down and just repay my savings with those weekly contributions.

Fortunately I have some time before I retire still so this drop in the market is easy to ride out.
 
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I heard a report that the rumor of the Coronavirus going away when the warm/hot weather arrives was more of a false hope. While there was/is speculation of this happening, there is no proof of this being a fact. Even during the hottest months of the year people do come down with a "summer flu". While it is not as common as the flu that spreads as rapidly as the winter flu, it does exist. Given that a large number of people will get a flu shot and or build up level of tolerance to the flu during the winter months the summer numbers are relatively small.

But with the Coronavirus there is not vaccine available at this time. People have no tolerances built in their body to fight off the virus. So based on this the public is looking for false hope predictions that the Coronavirus will dissipate moving into the summer months. I think the best thing that we can say is we are moving forward into unknown territories of life with a new super virus.
"SARS: Key EventsSevere Acute Respiratory Syndrome (SARS) was first discovered in Asia in February 2003. The outbreak lasted approximately six months as the disease spread to more than two dozen countries in North America, South America, Europe, and Asia before it was stopped in July 2003. See below a timeline of CDC’s key activities conducted during the outbreak and beyond."

https://www.cdc.gov/about/history/sars/timeline.htm

Keep a good thought!
 
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If you don't read the news or watch TV you wouldn't know there was a virus going around. How many of you guys know anyone that's died from the disease or even caught it? A couple of weeks ago when this stuff started there was 110 people in China that had died from the virus. That same week there was approx. 25,000 people around the world that died of cancer that didn't even make the headlines.
 
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