Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Having just paid a $704 “out-of-pocket” deductible following a 15-minute in-office surgical procedure yesterday, and having decent insurance, $1,000 doesn’t seem so huge. But understand that for a lot of out-of-work Americans it may put food on the table for a few weeks.
We all do what makes sense for our families and our communities. Sometimes that means buying a little peace of mind for ourselves, sometimes we have the luxury of trying to share a little peace of mind with others. Both paths make perfect sense to me.
Take great care,
Yep - The human toll at this point is looming so large, and looking so increasingly desperate, that that’s where our hearts should be, whether we send money, call an elderly neighbor, share valuable survival information with others or simply lend comfort to the afflicted. This one, unfortunately, seems right out of a Stephen King novel.
John Templeton would probably know how to put a positive spin on all of this (investment wise) but folks like him are rare nowadays - rare always I suspect. Let’s all try to keep our wits about us. Perhaps more sympathy / caring for our fellow humans and less fretting about the stock market’s gyrations is in order
If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too ...
I am sure some Democrats will not favor this becaus ed its trump ideas
When Barack did it... smartest ideas thoughtful 2009
Election year, think trump 'switched' sides for 5_ 6 months, or he has menigeal coronavirus infections ...
Buy more guns and beers
(There are other sites with same info, such as LA Times, for those registered.)
Even without such actions, only temporarily blocked by the courts, in the current climate people are losing jobs who can't afford to lose them. And kids at home are missing school-provided meals.
So that is my answer.
Agree with MikeM as to funds being misdirected.
And it is "other people's money" (taxpayers') in an election year.
I have no idea how that emoji got in there.
"If I'm wrong, nothing happens. We go to jail--- peacefully, quietly. We'll enjoy it. But if I'm right... And we CAN stop this thing... Lenny: YOU will have saved the lives of MILLIONS of registered voters." Sorry about the head-splitting, idiotic loud bell-ringing at the very start.
CLICK BAIT ?!
NYC is facing the very real possibility of a city-wide lockdown. It is now the epicenter of the rapidly spreading Corona Virus pandemic here in the U.S. Lots of fine people reside in that city, as I know from personal experience. Nationwide, hospitals are already overwhelmed with patients. They’re understaffed and short on supplies. Blood running low. Not enough surgical supplies. We’re looking at losing hundreds (possibly thousands) of Americans a day to this insidious pestilence. Grocery stores with bare shelves. Hoarding of food and supplies. People afraid to go anywhere or visit relatives and neighbors.
The $1,000 check (supported by Trump) is intended to ease the suffering of millions of Americans. So many have lost work and wages. Since the Dems are proposing as much as $8,000 per person, it’s hard to fault Trump as being overtly political here. An indirect effect of the cash payments could be to help salvage a badly deteriorating economy. But, that’s another issue.
The ramifications of this thing are so far-reaching that we’re only beginning to understand how it will affect us. I want to apologize for dismissing this a couple weeks back as just “media hype.” You get so used to CNN and the others exaggerating stories to attract viewers that by the time something serious like this comes along you’ve become a bit jaded and dismissive. But this is the real deal folks. I was born shortly after my Pa returned from WWII in Europe in 1945 where he helped defeat the Nazis that had occupied France. Been around awhile. Can’t remember any crisis as profound or far-reaching, and with such potentially long-lasting repercussions, as this one appears to be. (Possibly the Vietnam War / 9-11).
Good luck on this one and God bless.
The $1000 is a great idea and example of demand side economics. The vast majority of Americans will have an MPC near 1.0. They will be forced to spend every dime. It will bubble up to support the economy via increased aggregate demand. This is why supply side economics never worked. The rich have an MPC near zero. They save or invest most of it. Other demand side economics would be to increase the minimum wage nationwide, wide a rebuild America infrastructure program, universal health and education. And all of this is capitalism.
And so it goes.
I like your comment. It's the one that makes the most sense.
There's a fine weekly program on NPR called On The Media. They made the same point. No need to apologize. https://www.npr.org/podcasts/452538775/on-the-media (March 13th broadcast, around the 12:20 mark.)