President Trump: The NEW one and only politics thread

Infrastructure Week!

 

Spending your way out of a recession has worked before. It's just never been a Republican who's tried it.

 

If Treasuries are close to negative interest rates, shouldn't that be a good time for the government to borrow money?

 

"Hi, I'm William Devane. I invest in gold from Rosland Capital, because I don't trust an amateur with a twitter addiction to sensibly manage the economy, even in ordinary times. And these are not ordinary times."

 

I expect that at some point as this continues, it actually will turn out to have been a good time to buy. But to identify when we've reached that point, you've got to make a pretty uneducated guess about what the impact on a company's future profitability will be, not just from the coronavirus itself and the resulting economic trouble, but also from the market drop, which causes economic trouble through other channels. Right now, anyone who has spare cash and might think about investing it probably also has lost a bunch in the last couple of weeks. Investing now would take a lot more confidence than I have that the bleeding will stop any time soon.

 

We're at war with the novel coronavirus. Do your part and buy War Bonds today!

 

Berkshire Hathaway is going to make another killing.

Smart folks who saw which way the wind was blowing and moved their 401k into money market accounts a few weeks ago are about the only people happy today.

 

This morning had to be like the Mark Hanna trading floor scene from Wolf Of Wall Street.
After a while, everyone just looked up at the board, and went "HOLY FUCKING SHIT."

 

Gil, my "Buy the drops" was black humor. There's no telling where the bottom is or when we'll see it, I know that. The one bit of good stock advice I have is that unless you are at retirement age, the best thing you can do with your 401k is leave it alone. Maybe adjust what funds are targeted. Otherwise, your money buys more stock that your last check did. The caveat is that we can't really be sure what companies are in danger of immediate collapse.

Anyhow, I was riffing on YF's "Buy the dips" as well as this tweet from last night, which is Black Hole humor..