stock market was up today...

[Y9 Vol]

Stupid, but I'll play. What Biden policies are causing this bounce exactly?

24 hours and no answer...Huumm

 

[Rasputin_Vol]

Interesting dynamic in the precious metals markets. Gold and silver have both arguably underperformed ... if you look at the prices reported on the exchanges.

But, retail, it's much more expensive. Online dealers typically charge about 5-8% above spot price. So if silver is $15 an ounce you can get it online for about $16 an ounce. Less of a markup for larger quantities.

But, today, markups are more like 25 to 30%, with dealers saying they can't find more to sell. Quite remarkable. I dont know if the usual retail dealers are ahead of the price curve such that prices are due to rise, or that there's just enough panic in small markets to cause the shortage and resulting higher prices.

Still can't find any retail silver close to the normal 5-8% premiums that you had spoken about before. I want someone to answer why there is not only a disconnect between Wall St and Main St, but also a disconnect between the spot price and the price you pay on the street.

 

[Velo Vol]

 

[85SugarVol]

Those payments were too high to carry forward. Cannot continue to pay people not to work.

 

[Velo Vol]

Those payments were too high to carry forward. Cannot continue to pay people not to work.

Like it or not, I think it's been doing considerable lifting in the recovery. I'll look for the rebound to stall if it's not renewed.

 

[Y9 Vol]

Like it or not, I think it's been doing considerable lifting in the recovery. I'll look for the rebound to stall if it's not renewed.

I think that they can survive on the normal unemployment payments.

 

[Velo Vol]

I think that they can survive on the normal unemployment payments.

$600 less per week cycling though the economy.

 

[Y9 Vol]

$600 less per week cycling though the economy.

And?

 

[85SugarVol]

Like it or not, I think it's been doing considerable lifting in the recovery. I'll look for the rebound to stall if it's not renewed.

I don’t think $600 in the hands of John Q Citizen has had near the impact that the Fed’s balance sheet operations has had.

 

[Rasputin_Vol]

$600 less per week cycling though the economy.

Cycling through the service industry and the FAANGs, but not in buying widgets, toasters and washing machines...

 

[85SugarVol]

Cycling through the service industry and the FAANGs, but not in buying widgets, toasters and washing machines...

Plenty of it cycling thru online Amazon sales. You know, widgets, toasters, and washing machines. Stuff like that.

 

[Velo Vol]

I don’t think $600 in the hands of John Q Citizen has had near the impact that the Fed’s balance sheet operations has had.

On the market I assume you mean, and I agree. It doesn't seem to be moving the needle much even now.

But I suspect it's going to move the real economy needle in certain areas--e.g., rents, credit cards, retail sales.

 

[Velo Vol]

 

[mr.checkerboards]

I think that they can survive on the normal unemployment payments.

For months on end not really. In a lot of states it barely covers the mortgage let alone other bills and food

 

[Y9 Vol]

For months on end not really. In a lot of states it barely covers the mortgage let alone other bills and food

Speaking as an owner of three small businesses, I can not get some of my people to come back BECAUSE of the extra payments. If they only got the normal, they would have come back as soon as I reopened.

 

[mr.checkerboards]

Speaking as an owner of three small businesses, I can not get some of my people to come back BECAUSE of the extra payments. If they only got the normal, they would have come back as soon as I reopened.

I def think the 600 was too much. I just think normal isn't enough. There's got to be a middle. Especially for extended layoffs and furloughs

 

[hog88]

I def think the 600 was too much. I just think normal isn't enough. There's got to be a middle. Especially for extended layoffs and furloughs

It should have been capped at 70% of a persons net.

 

[MontyPython]

The $600/wk fed unemployment support is a triple-edged sword:

(1) It encourages most low to low/middle income workers to not work. $600 fed + say $300 state = $900/week for doing nothing. My friend owns 2 coffee shops here in NC, and despite 11% "unemployment", she can't find anyone to work for her. Thus, she's hiring 14 and 15 YO kids to do jobs that adults should be doing;

(2) It's socialism at it's purest, and it's costing our country trillions of dollars. We're running up our national debt - spending our kids' and grandkids' money - for what? Aren't we still a capitalist society?!? People need to adapt to the current situation, not get paid to sit around and literally do nothing; and

(3) It merely pushes off the pain to the future if, indeed, this pandemic runs longer than expected. Who's benefited the most to date? Wall Street. How can there be such a disconnect between the stock market and Main Street? Pretty simple: The current scenario is - as Trump would put it - fake. We're in the middle of the worst pandemic in a century with no end in site (vaccine chatter is BS at this point), yet the stock market is setting all time highs. Why? The Fed has artificially inflated the economy with an outrageous amount of money supply, and guess what's happening? Another technology stock bubble in the middle of a pandemic. Insanity!

The $600/week must end. Period.

 

[mr.checkerboards]

The $600/wk fed unemployment support is a triple-edged sword:

(1) It encourages most low to low/middle income workers to not work. $600 fed + say $300 state = $900/week for doing nothing. My friend owns 2 coffee shops here in NC, and despite 11% "unemployment", she can't find anyone to work for her. Thus, she's hiring 14 and 15 YO kids to do jobs that adults should be doing;

(2) It's socialism at it's purest, and it's costing our country trillions of dollars. We're running up our national debt - spending our kids' and grandkids' money - for what? Aren't we still a capitalist society?!? People need to adapt to the current situation, not get paid to sit around and literally do nothing; and

(3) It merely pushes off the pain to the future if, indeed, this pandemic runs longer than expected. Who's benefited the most to date? Wall Street. How can there be such a disconnect between the stock market and Main Street? Pretty simple: The current scenario is - as Trump would put it - fake. We're in the middle of the worst pandemic in a century with no end in site (vaccine chatter is BS at this point), yet the stock market is setting all time highs. Why? The Fed has artificially inflated the economy with an outrageous amount of money supply, and guess what's happening? Another technology stock bubble in the middle of a pandemic. Insanity!

The $600/week must end. Period.

Damn, I actually agree with one of your posts.

 

[mr.checkerboards]

It should have been capped at 70% of a persons net.

Ive argued. It should be based off of a persons tax returns and you should get no more than what you would be making if you were working.

 

[Carl Pickens]

The $600/wk fed unemployment support is a triple-edged sword:

(1) It encourages most low to low/middle income workers to not work. $600 fed + say $300 state = $900/week for doing nothing. My friend owns 2 coffee shops here in NC, and despite 11% "unemployment", she can't find anyone to work for her. Thus, she's hiring 14 and 15 YO kids to do jobs that adults should be doing;

(2) It's socialism at it's purest, and it's costing our country trillions of dollars. We're running up our national debt - spending our kids' and grandkids' money - for what? Aren't we still a capitalist society?!? People need to adapt to the current situation, not get paid to sit around and literally do nothing; and

(3) It merely pushes off the pain to the future if, indeed, this pandemic runs longer than expected. Who's benefited the most to date? Wall Street. How can there be such a disconnect between the stock market and Main Street? Pretty simple: The current scenario is - as Trump would put it - fake. We're in the middle of the worst pandemic in a century with no end in site (vaccine chatter is BS at this point), yet the stock market is setting all time highs. Why? The Fed has artificially inflated the economy with an outrageous amount of money supply, and guess what's happening? Another technology stock bubble in the middle of a pandemic. Insanity!

The $600/week must end. Period.

Dude..... why are you a democrat?

 

[Y9 Vol]

Dude..... why are you a democrat?

Feelz?

 

[hog88]

Ive argued. It should be based off of a persons tax returns and you should get no more than what you would be making if you were working.

Nobody should even get what they were netting, 70% of net is enough to cover everyday bills but nt enough for many to turn down returning to work.

 

[hog88]

The $600/wk fed unemployment support is a triple-edged sword:

(1) It encourages most low to low/middle income workers to not work. $600 fed + say $300 state = $900/week for doing nothing. My friend owns 2 coffee shops here in NC, and despite 11% "unemployment", she can't find anyone to work for her. Thus, she's hiring 14 and 15 YO kids to do jobs that adults should be doing;

(2) It's socialism at it's purest, and it's costing our country trillions of dollars. We're running up our national debt - spending our kids' and grandkids' money - for what? Aren't we still a capitalist society?!? People need to adapt to the current situation, not get paid to sit around and literally do nothing; and

(3) It merely pushes off the pain to the future if, indeed, this pandemic runs longer than expected. Who's benefited the most to date? Wall Street. How can there be such a disconnect between the stock market and Main Street? Pretty simple: The current scenario is - as Trump would put it - fake. We're in the middle of the worst pandemic in a century with no end in site (vaccine chatter is BS at this point), yet the stock market is setting all time highs. Why? The Fed has artificially inflated the economy with an outrageous amount of money supply, and guess what's happening? Another technology stock bubble in the middle of a pandemic. Insanity!

The $600/week must end. Period.

I thought you lived in MA?

 

[MontyPython]

Dude..... why are you a democrat?

Who ever said I was a Democrat? I *was* a registered Republican and voted for W twice.

I simply hate Trump. He's destroying the GOP and our country. We'll look back at this time in history and shake our heads in disbelief.