tjm Posted May 15, 2020 Posted May 15, 2020 1 hour ago, fishinwrench said: Are people making masks from vacuum cleaner bags? yes!! https://www.bing.com/search?q=making+masks+from+vacuum+cleaner+bags&pc=MOZI&form=MOZCON
Mitch f Posted May 15, 2020 Posted May 15, 2020 1 hour ago, ness said: I've lost track of how much they're talking about racking up the deficit. It was already a trillion, they added $2.5 trillion with stimulus and I think they're talking about another $3 trillion. You guys know who buys the lion's share of our debt, right? I probably missed some stuff... Yep, totally scary to me. The National debt should be scary to everyone who doesn’t want this country to turn into a 3rd world Banana Republic. ness, Bushbeater and Terrierman 3 "Honor is a man's gift to himself" Rob Roy McGregor
Quillback Posted May 15, 2020 Posted May 15, 2020 5 minutes ago, Mitch f said: Yep, totally scary to me. The National debt should be scary to everyone who doesn’t want this country to turn into a 3rd world Banana Republic. I have given up on seeing any fiscal sanity. Mitch f 1
Terrierman Posted May 15, 2020 Posted May 15, 2020 2 hours ago, ness said: Depends on where I go. Grocery stores, liquor stores, Lowes/Home Depot/Ace, nurseries are all very busy. Power malls, like in my picture, are dead. Strip centers -- it depends on the tenants. The big old-school mall in Overland Park, KS, which is one of the few remaining that does well, is closed. I dunno, maybe 100-150 tenants? The Plaza in KC is dead from what I hear. That's really expensive real estate, and they already have high turnover. I bet there's a lot of those shops and restaurants that close permanently. Hotels and theaters are dead. AMC, the big theater chain based in KC, furloughed everybody, including execs. All this commercial real estate is owned by investors who usually got a chunk of their money from a bank loan. Tenants don't pay, so borrower can't pay, bank gets hit. I know -- boo hoo. Saw the knee doc the other day -- not doing elective surgeries. The hospital where his office is looked dead -- it's usually packed with people. Children's Mercy in KC laid off a bunch of people and announced their revenue is down $1 MM a day. You rural folks are probably used to hearing about hospitals having financial problems. I'm used to seeing them add multi-million dollar additions or build new hospitals to handle all the business. With everything closed sales tax receipts are way down for municipalities. I've lost track of how much they're talking about racking up the deficit. It was already a trillion, they added $2.5 trillion with stimulus and I think they're talking about another $3 trillion. You guys know who buys the lion's share of our debt, right? I probably missed some stuff... And yet the markets are nowhere near the March lows.
tjm Posted May 15, 2020 Posted May 15, 2020 National debt was scary back in the '60s, but then Nixon declared that we would only have fiat money and within days the whole world followed, it has become apparent that imaginary money means imaginary debts. With no collateral, what is the payment in a foreclosure? Mitch f 1
ness Posted May 15, 2020 Posted May 15, 2020 1 hour ago, Mitch f said: Yep, totally scary to me. The National debt should be scary to everyone who doesn’t want this country to turn into a 3rd world Banana Republic. What makes it even scarier to me is that the buyer of much of the debt is the Fed. I'd have a lot more cool stuff if I could work a deal like that. Anybody here take ness bucks? Mitch f, Deadstream, BilletHead and 1 other 4 John
BilletHead Posted May 15, 2020 Posted May 15, 2020 5 minutes ago, ness said: What makes it even scarier to me is that the buyer of the debt is the Fed. I'd have a lot more cool stuff if I could work a deal like that. Anybody here take ness bucks? Would that be anything like Monopoly money? Go to jail comes to mind Mitch f and ness 1 1 "We have met the enemy and it is us", Pogo If you compete with your fellow anglers, you become their competitor, If you help them you become their friend" Lefty Kreh " Never display your knowledge, you only share it" Lefty Kreh "Eat more bass and there will be more room for walleye to grow!" BilletHead " One thing in life is for sure. If you are careful you can straddle the barbed wire fence but make one mistake and you will be hurting" BilletHead P.S. "May your fences be short or hope you have long legs" BilletHead
Terrierman Posted May 15, 2020 Posted May 15, 2020 1 hour ago, Mitch f said: Yep, totally scary to me. The National debt should be scary to everyone who doesn’t want this country to turn into a 3rd world Banana Republic. I do not want to watch USA as I've known and love it to go down the tubes. But honestly.. I fear it may be too late, in a lot of ways we are already there. Gavin and Mitch f 2
BilletHead Posted May 15, 2020 Posted May 15, 2020 5 minutes ago, Terrierman said: I do not want to watch USA as I've known and love it to go down the tubes. But honestly.. I fear it may be too late, in a lot of ways we are already there. I opt to be an optimist. Too many pessimists on OAF lately. nomolites and Mitch f 2 "We have met the enemy and it is us", Pogo If you compete with your fellow anglers, you become their competitor, If you help them you become their friend" Lefty Kreh " Never display your knowledge, you only share it" Lefty Kreh "Eat more bass and there will be more room for walleye to grow!" BilletHead " One thing in life is for sure. If you are careful you can straddle the barbed wire fence but make one mistake and you will be hurting" BilletHead P.S. "May your fences be short or hope you have long legs" BilletHead
Terrierman Posted May 15, 2020 Posted May 15, 2020 1 minute ago, BilletHead said: I opt to be an optimist. Too many pessimists on OAF lately. I dreamt the covid was the beginning of our end. Not a good dream. Optimism or pessimism is much more than picking one or the other or that balanced nuance of what's possible, what's likely and what effects seem most likely. Speaking of the pandemic and the ripples here. Personally, I'm optimistic for me and mine. Globally, less so. BilletHead 1
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