Hard to see a repeat of 2008-9, as far as I can tell there isn't a serious structural problem that threatens the soundness of the entire financial system. But if it is, I think the Republican Party would be well and truly dead this time.

I'm not so confident about a V shaped recovery either. Though the trigger seems to be coronavirus, and presumably that will end within a quarter (if it doesn't Trump and the Republicans are toast no matter what the market does) there are some concerns out there that it seems Covid-19 was an excuse to sell rather than the cause of panic selling.

A huge problem is that we're probably overdue for a mild recession anyway. But with interest rates already low and deficits already high, there's little that can be done from a policy perspective to moderate it. Best case scenario, Republicans don't start talking austerity and instead we ride this out.

Brantt wrote:

CalvinBall wrote:

CalvinBall wrote:

Brantt wrote:

CalvinBall wrote:Some new PA polls out this morning--

Sanders only one beating Trump head to head. up 3.

Biden and Warren tied. The rest under water.

That probably equates to Trump +5 in real life.

ok

was thinking about this more-- where are you getting this sense? your twitter interactions?

The 2016 election.

But keep mocking me just like you did last time around when I told you not only that Trump was going to win but how he was going to win. Or you can take my advice and get out of the bubble so you're not devastated when Trump wins again.

Yeah my bad, hard to tweet from a banned account.

I live in the liberal bubble of Berks County, may it never be punctured

klobuchar commercial came on and my kid ask who she is.

Troops at Travis AFB lacked training and gear when dealing with virus patients. our troops.

One of the docs with Trump last night, Falchi(sp), has been told that he has no public comments to make going forward without adminstration pre-approval.

-NBC

Bernie about to throw Silicon Valley into quite a dilemma by proposing to tax stock options at vesting vs exercising https://www.wsj.com/articles/bernie-san ... 1582815616

that's a bad idea from an overall economic perspective. It will encourage/force people to sell at vesting and discourage long-term stock ownership.

Good. Companies beholden to long-term shareholders is the worst.

jamiethekiller wrote:Good. Companies beholden to long-term shareholders is the worst.

100% agree with this.

Um why?

Share holders care about growth in their stock price. Not about what best for the company or the world.

So many good products so die because it won't add .10c to the share.

Philly could not have handled the safe injection site any more poorly. Now it's on indefinite hold. What a mess.

Not sure what could of happened for it to succeed.

They're tried for a year in Kensington with open meetings and it never got off the ground. So they tried to slide this one in and it failed (safehouse shut it down btw, not Philly).

It's just too radical and counter intuitive for people to understand and support, even though it's the right thing.

TenuredVulture wrote:Um why?

Shareholder value as the result of good business not the primary reason for existence. Companies beholden to the 3 Ps (people, product and purpose) build sustainable shareholder value.

jamiethekiller wrote:Not sure what could of happened for it to succeed.

They're tried for a year in Kensington with open meetings and it never got off the ground. So they tried to slide this one in and it failed (safehouse shut it down btw, not Philly).

It's just too radical and counter intuitive for people to understand and support, even though it's the right thing.

Yeah. No one wants it near them. The outrage was pretty predictable though. Not sure what the solution is.

CalvinBall wrote:

jamiethekiller wrote:Not sure what could of happened for it to succeed.

They're tried for a year in Kensington with open meetings and it never got off the ground. So they tried to slide this one in and it failed (safehouse shut it down btw, not Philly).

It's just too radical and counter intuitive for people to understand and support, even though it's the right thing.

Yeah. No one wants it near them. The outrage was pretty predictable though. Not sure what the solution is.

It's so frustrating. There are addicts all over the city either way, even in the "nice" neighborhoods. Can we at least try something new that might give some of them a better chance at recovery?

The solution is to do it anyway. It's not like this isnt going where heroin addict aren't already congregating. My BiL lives one block away and gets baggies off his side street as is. People freaking out aren't opening their eyes to whats happening in their neighborhood as is.

The messaging is really hard but practical if you get it out in public and not at contentious town hall meetings.

2200 people have died in PA since Kenney said he wants a safe injection site in Philly.

jamiethekiller wrote:Share holders care about growth in their stock price. Not about what best for the company or the world.

So many good products so die because it won't add .10c to the share.

this is exacerbated 100x by short-term shareholders, who care about profits this quarter. Long term shareholders care about the growth and health of the company for years to come and are much less concerned about the next earnings report.

Bucky wrote:

jamiethekiller wrote:Share holders care about growth in their stock price. Not about what best for the company or the world.

So many good products so die because it won't add .10c to the share.

this is exacerbated 100x by short-term shareholders, who care about profits this quarter. Long term shareholders care about the growth and health of the company for years to come and are much less concerned about the next earnings report.

As do employees with equity. I know the focus is on the CEO or whatever but many startups are driven by regular employees with options. Taxing those at vesting - when they literally don’t have a liquid worth - will completely destroy that model.