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Thetexashammer

Certifiably Surly
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Everything posted by Thetexashammer

  1. Maybe I'm a lunatic, but I just want to get it. I'm not in the risk group, and I'd just rather quarantine and move on.
  2. He's making decisions on a rolling basis. He's having trouble standing up to the restaurant lobbyists though.
  3. Even if it drops 50%, who would look around and say "shit everything's cheap!"? That's the danger of having such amazingly high multiples, once we try and find a bottom, it's a long way down. Never mind that entire industries will come close to liquidating and that banks are probably fucked again. Get out your Down 10,000 hats.
  4. Apparently, it's "continuing to spread" in Italy. Don't know if this is the ten day delayed snapshot, more testing, or actual spread. Been less than a week of actual shutdown so far. I just threw away the last of my pizza. Can't get more, everyone's closed. https://www.breitbart.com/health/2020/03/16/coronavirus-continues-spread-italy-despite-lockdown/
  5. The Fed just shot the last round in it shotgun. Result: limit down on the market. Excellent job, fake government agency.
  6. NRAA = no rules at all? No regulation? No reserves? No residual value?
  7. I think large institutions are gonna start blowing up soon. At least around the edges of the system. Obviously the big ones have systems in place to avoid disclosure and direct lines of unlimited credit with central banks. But lots of smaller entities don't have that. Hedge funds, for example, many of which are highly leveraged and have trading accounts and leveraged contracts with the money center banks.
  8. Pornhub wants my email to get premium access. I didn't do it. What exactly do I get with Premium that is so awesome?
  9. Avatar checks out.
  10. Men run to the sound of gunfire. We don't run and tell daddy that somebody was mean to us.
  11. Why? Seems topical.
  12. Yes, you're an asshole. So am I. But feel free to buy groceries.
  13. Why would Trump have the legal authority to fire someone at an organization owned jointly by a bunch of banks? The Fed isn't a government agency, it's a private organization.
  14. My first thought was to answer your question "yes". But it's not that simple. Everything not a pharmacy or grocery store, to include restaurants, is closed. You have to have a document to travel, but you can self certify. For now, it's working because too many Italians are dying and people are scared. I've been out in public a bit and you can see the difference, and yes younger people are all like DGAF. Dumbfuck Italian bearded hipster douchebag cut in front of me at the store, maybe didn't realize he was crossing a line but fortunately I'm the well mannered sort. The point is, it will change, and it's not a function of carabinieri or the italian military, which seems to be out and about. The cops here are just like the ones in the US, but worse. They'll recklessly target the innocent with great violence and let the criminals go free, though they do seem to have a thing for the migrants, or at least a new excuse to go after them (I witnessed it). The people outnumber the cops, so when the people decide they're not gonna stay home, they won't. The end. Doesn't matter if gramma dies at that point. The reason the death rates are so high is that the ICU's have triaged out all the older patients. AKA if you're 65 or older, no ICU for you. I deal with stress pretty well, most people don't. There's a clock on this lockdown thing. It creates a pressure cooker. Things will blow up after a while. It's all a grand new experiment but Italy was a pressure cooker before and this isn't helping. I suspect (but am not predicting) it will have larger implications. Well other than another financial step down for the failing Italian economy.
  15. Guys - and this is real important - please remember Rule No. 1. - Cardio
  16. So you're essential if you work at a hospital, gas station, grocery store, or work for the police military or government, work in the media, work to deliver anything, or for a restaurant, or provide service to any of the above. It might be easier to define what isn't mission essential.
  17. Iran building mass graves. https://edition.cnn.com/2020/03/13/middleeast/iran-coronavirus-mass-graves-intl/index.html France and Spain are joining Italy on complete lockdown. https://www.bbc.com/news/world-europe-51892477 Lockdown sucks. It really sucks. It can't last more than a month to six weeks I don't think.
  18. Worth mentioning that one of the things no one has calculated is the cost to states and localities in terms of their pension plan unfunded liabilities. Basically, they were fucked before this. They are mega fucked now. Bunch of downgrades coming, Illinois leading the way down. There are specific requirements to keep pension funds funded. Politicians made deliberate decisions not to fund the pensions appropriately. It's no different than simply paying a portion of your weekly paycheck. It's theft, which is ordinarily a crime. I personally believe the people responsible should be thrown in jail, but I have no hope of that ever happening. I'd be OK with drawn and quartered as well.
  19. Because muslim isn't a race?
  20. You know how I know you're old?
  21. This may be heretical, but I was starting to be concerned that people were locking down too early. You can only stay home for so long before people start to run out of money and starve and commit crimes and such. Point being that you can go on lockdown too early, and then when you're forced to abandon the TTP's that kept the virus at bay, you just have another outbreak and people just live with it since they don't want to starve to death or go bankrupt. The ultimate answer is herd immunity, obviously.
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