Post-Corona Economy
Posted: Mon Jul 27, 2020 3:39 pm
To be fair, if you need unemployment you have made terrible life choices and are scum.
You're either making a point or a joke?
Page 13 of 85
Post-Corona Economy
Posted: Tue Jul 28, 2020 8:45 am
Post-Corona Economy
Posted: Tue Jul 28, 2020 1:45 pm
Post-Corona Economy
Posted: Tue Jul 28, 2020 1:51 pm
Tell us more about what republicans think, grampa!
Just my general response to generalizations.
Just my general response to generalizations.
Post-Corona Economy
Posted: Tue Jul 28, 2020 3:50 pm
Gordon wins this round.
Post-Corona Economy
Posted: Wed Jul 29, 2020 9:15 pm
At its June meeting, the median Fed estimate for GDP this year was a decline of 6.5%. Central bankers expect growth to improve to 5% in 2021 and 3.5% in 2022. Those projections also anticipated rates holding steady through 2022.
Post-Corona Economy
Posted: Wed Jul 29, 2020 10:48 pm
I am expressing doubt.
Post-Corona Economy
Posted: Wed Jul 29, 2020 10:50 pm
Although... if the democrat wins the election.... the news is going to be a hell of a lot more upbeat about the economic forecasts. Then we'll go back to the Obama days of "quarter results unexpectedly lower."
Post-Corona Economy
Posted: Thu Jul 30, 2020 8:52 am
Gross domestic product from April to June plunged 32.9%, according to the Commerce Department’s first reading on the data released Thursday. Economists surveyed by Dow Jones had been looking for a drop of 34.7%.
Still, it was the worst drop ever, with the closest previously coming in mid-1921.
Sharp contractions in personal consumption, exports, inventories, investment and spending by state and local governments all converged to bring down GDP, which is the combined tally of all goods and services produced during the period.
Spending slid in health care and goods such as clothing and footwear. Inventory investment drops were led by motor vehicle dealers, while equipment spending and new family housing took hits when it came to investment.
Prices for domestic purchases, a key inflation indicator, fell 1.5% for the period, compared to a 1.4% increase in the first quarter when GDP fell 5%, The personal consumption expenditures price index dropped 1.9% after rising a tepid 1.3% in Q1. Excluding food and energy, the “core” PCE prices were off 1.1%.
However, personal income soared, thanks in large part to government transfer payments associated with the coronavorus pandemic. Current-dollar personal income rose more than six-fold to $1.39 trillion, while disposable personal income shot up 42.1% to $1.53 trillion.
Despite the rise, personal outlays tumbled by $1.57 trillion, due in large part to a drop in services spending.
Not the Great Depression nor the Great Recession nor any of the more than three dozen economic slumps over the past two centuries have ever caused such a sharp drain over so short a period of time.
By comparison, the worst quarter during the financial crisis of 2008 was the 8.4% GDP drop in the fourth quarter of that year. The previous low-water mark was a 10% slide in the first quarter of 1958, while the worst in recorded history came in Q2 of 1921.
Post-Corona Economy
Posted: Thu Jul 30, 2020 2:48 pm
This may as well go here.
Decided to refi. 2.875% with $800 credit + $500 credit towards $3,400 closing costs (so net of $2,300) for 30 years.
Rates may still go lower in light of how poorly this recovery's going, but that was enough to save us enough to make it work it, closing costs will be paid off < 1.5 years.
Last time I had to do a full appraisal, etc. This time she just said "I put in this #, which got us under the LTV to increase the $$ credit back, so everything's good"
*edit* - Semi-related, apparently we were feeling poor when we bought this house, and had a $500 insurance deductible. We raised it to $2,500 and it dropped our monthly home insurance by $80/month. Friendly reminder to check your insurance coverage/deductibles/etc if you haven't lately.
Decided to refi. 2.875% with $800 credit + $500 credit towards $3,400 closing costs (so net of $2,300) for 30 years.
Rates may still go lower in light of how poorly this recovery's going, but that was enough to save us enough to make it work it, closing costs will be paid off < 1.5 years.
Last time I had to do a full appraisal, etc. This time she just said "I put in this #, which got us under the LTV to increase the $$ credit back, so everything's good"
*edit* - Semi-related, apparently we were feeling poor when we bought this house, and had a $500 insurance deductible. We raised it to $2,500 and it dropped our monthly home insurance by $80/month. Friendly reminder to check your insurance coverage/deductibles/etc if you haven't lately.
Post-Corona Economy
Posted: Thu Jul 30, 2020 3:35 pm
Yea we just pulled the trigger on a refi as well. I forget the numbers but sounds similar to yours.
Post-Corona Economy
Posted: Thu Jul 30, 2020 3:36 pm
My refi was 4ish months ago. Better rate than that. 
Post-Corona Economy
Posted: Thu Jul 30, 2020 3:56 pm
Post-Corona Economy
Posted: Thu Jul 30, 2020 4:03 pm
I thank me for my service.
Post-Corona Economy
Posted: Thu Jul 30, 2020 5:38 pm
Just placed an ad for an open position. Lets see if the expiration of the $600 affects the response I have. The ad I ran in early June, I got about 10% of the responses I normally do.
Post-Corona Economy
Posted: Thu Jul 30, 2020 5:54 pm
Post-Corona Economy
Posted: Thu Jul 30, 2020 9:19 pm
So my “banker” (some random dude from the banker, who told me he was my banker) called and said they were piloting a forgiveness program if I wanted to try it out.
Me: Oh, I was wondering about the payback options, too.
Him: Uh, we only have the forgiveness pilot right now.
Post-Corona Economy
Posted: Fri Jul 31, 2020 9:03 am
Another month later, and AAPL + AMZN just announced blow out earnings for Q2 2020.
Post-Corona Economy
Posted: Fri Jul 31, 2020 9:50 am
Saw a recent study/article that said 39% of all jobs (don't remember if that was domestic or international) can now be done from home. That's got to be good for tech stocks.