I live in a ski town and work for one of the worlds most prominent financial institutions and J. Powell goes "brrrrrrrrrr"

skiminnesota

Active member
"only a central bank can fund and fight a war, we are at war" (the most terrifying email subject I have ever read in 8 years at my bank). J. Powell is shooting every shot he has to keep this thing afloat, no one says 'no' to free money I will pay for this for the rest of of my life in taxes, but at this point I am happy too. March was bad,the second dip comes when commercial real-estate can't make their rent payments.

Discuss NS
 
Collapse is inevitable. We’ve had it good to long, life works in cycles and when something is good for to long nature naturally ends up correcting itself to maintain a balance.
 
I do have a harder time understanding why the real estate industry is still in full swing during the pandemic. Rent is 1000$ a month, but without income, its impossible to pay. The landlord complains that mortgage is still due for her too. So where is the money ending? Why wont banks take their fair share of the financial impact? The government can only do so much to help cushioning the blow without throwing the country in turmoil. (If you do answer this, Dont mention politics causes because I dont want to hear conspiracies.)

My employment insurance got cut this week and the office can't offer me work yet... Rent still marches on and my saving are taking a hit.

And no, there is no war. War is an escalation of civil tensions between two nationalities. Fighting war is a choice each soldier must take. This is a pandemic; its a natural disaster and we must treat it as such. Nobody asked for this, but this is reality. On the positive, this is the first time in history humans are changing their behaviors to deal with a biological disaster; thats something to be proud. The methods are working in helping reduce the people affected by the illness and it is saving lives. Remember that Christians believe life's value is above all; including financial greed. Anyone who thinks the opposite is a horrible person.
 
14138380:freestyler540 said:
I do have a harder time understanding why the real estate industry is still in full swing during the pandemic. Rent is 1000$ a month, but without income, its impossible to pay. The landlord complains that mortgage is still due for her too. So where is the money ending? Why wont banks take their fair share of the financial impact? The government can only do so much to help cushioning the blow without throwing the country in turmoil. (If you do answer this, Dont mention politics causes because I dont want to hear conspiracies.)

My employment insurance got cut this week and the office can't offer me work yet... Rent still marches on and my saving are taking a hit.

And no, there is no war. War is an escalation of civil tensions between two nationalities. Fighting war is a choice each soldier must take. This is a pandemic; its a natural disaster and we must treat it as such. Nobody asked for this, but this is reality. On the positive, this is the first time in history humans are changing their behaviors to deal with a biological disaster; thats something to be proud. The methods are working in helping reduce the people affected by the illness and it is saving lives. Remember that Christians believe life's value is above all; including financial greed. Anyone who thinks the opposite is a horrible person.

Exactly. Too bad the banks will never take their share and will continue to suck in every cent they can get
 
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