Sophia wrote on Mar 10^th, 2020 at 4:31pm:


Australia has already reached the boom stage because scumo and frydenturd are too busy trying to fix the economy rather than address the health apsects ! Idiot aussies have no test facilities for this virus and idiot radio commentators such as Tom Elliot are dismissing it as trivial and comparing it to the flu !! What a f.cken idiot. Wait till someone in his families cops it.

I'm just waiting for the "Oh but imagine how much worse the market would have dropped under Clinton" excuse.

SadKangaroo wrote on Mar 10^th, 2020 at 6:13pm:




So let's say it is all trumps fault. You win.
What now?

greggerypeccary wrote on Mar 10^th, 2020 at 7:00pm:



Okay he's removed.
How you gonna fix this?

Captain Caveman wrote on Mar 10^th, 2020 at 7:04pm:


No, don't remove him from office over this.

What needs to happen is the Democrats AND the Republicans need to hold him to account for lying about the circumstances of the virus, it's spread, and prepare and have ready measures to support the economy where ever possible during this crisis.

His, "everything is fine, the economy is doing great, it will all go away as the weather heats up" head in the sand approach because he can't stand the thought of not winning, or having to actually take some responsibility for the economy is only going to lead to ruin.

And lying about the virus is only going to literally cost lives and for what, his ego?

The true test of a leader is their response to a crisis.

So far, he's just lied and pretended there isn't a crisis, appointed incompetent people to vitally important roles, and pretended he knows more than the experts with his "hunches" and "I should have gone to medical school and not run for President they're telling me I know so much" bullshit.

He needs to, for once, do his damn job, even if the outcome is going to hurt him, it's not about him, it's about the country.

greggerypeccary wrote on Mar 10^th, 2020 at 3:59pm:

It's largely meaningless because it's not comparing like with like due to the effects of exponential growth.

A more accurate comparison is measuring such changes to the stock market as a percentage of the total. A much larger percentage drop has occurred several times. The 1987 crash, the onset of the Great Depression - these were bigger crashes. The points value of the market back then was much smaller.

Baronvonrort wrote on Mar 10^th, 2020 at 1:07pm:



The uneasiness  shakiness of American-based gas and oil fracking operations, and the essential weakness of the massive "junk bond" level financial institutions - "Shadow Banks" are nothing more than a unstable house of cards that is the socioeconomic system of American capitalism and its fading status as global hegemony.



This price war between the Saudis and the Russians only served to mask the fact that the main target of Saudi oil price cutting is, in fact, the American fracking industry. Of the top three global oil producers on the planet today: the Saudis, the Russians, and the Americans; the Saudis know all too well that fracking on American soil is also the highest priced producer and therefore run the most vulnerable operations.

With massive debts, borrowed from all the junk debt - (those nasty shadow bank markets, that include everything from BBB-rated securities to the most disreputable loans imaginable), American fracking is also vulnerable to price cuts that the Russians can survive.

This is yet another iteration of financial swindles and massive debt shifts from a failing capitalist system. The well-connected insider private interests, to the public purse.

The F A T orange puke in his public pronouncements opines that cheaper oil is good for the American people, since it lowers gasoline prices and can be used an an election selling point, he will undoubtedly accede to the inevitable demands from the frackers to transfer their massive debts to the public purse by some sort of purchase of their bad paper by the Fed.

In addition if there is another banking collapse and chances are high there may be one. Only this time the banks will seize every account of depositors and issue them some sort of worthless "Bank Stock" or "Bank Bonds", in place of their money on deposit. This has all been fought out in the courts for years and is ready to go. Various governments of the world don't have the resources to save the banks this time. Of course, this would provoke an unpredictable response by American populace and other capitalist states.

The F A T orange puke also knows that various American military operations in the Middle East and North Africa (MENA), over the past 39 years since Bush the Elder's attack on Iraq, have left the American petroleum industry out in the cold as far as the MENA region is concerned. So alternatives such as fracking, deep water drilling, mountain top removal coal extraction, and other extreme fossil fuel mining and extraction operations, have been the America's industry's fall back position. This is why he is gutting regulations and allowing for some of the worst environmental disasters and irreversible damage to so many eco systems.  After spending some $8 Trillion or more on these wars, the U.S. has been forced back mostly into the Western Hemisphere, and largely onto its own territory, to run its mining operations...and Trump is devastating everything in his path.