Blood on the street II

[VJLUTZ]

I found this article interesting & sad, but not surprising. I visited Vegas not long after 9/11. It was in a desperate state then and its going to be much, much worse this time around.

Maybe got the best chuckle from the below blurb:

Victor Chicas, a restaurant server in the Mandalay Bay casino-hotel, already facing financial hardships before the pandemic, including insurmountable debts and foreclosure on his home, had to cut his cable and internet and drain his pool to lower his electricity bill.

So a restaurant server (waiter?) in Las Vegas has a house with a fuking pool (though sounds like he was overleveraged to begin with). I wonder if he has an AMP habit too? America is truly a land of opportunity.

https://www.zerohedge.com/markets/money-running-out-vegas-struggles-survive-shutdown .

 

[charliebrown]

So, I am to believe the stock market is going to crash, the real estate market is going to crash. people are going to stop eating, sleeping and shitting.

Come on guys, 350M people in this country. So far we have 60K corona virus deaths and I am guessing their is a little fudge, incorrect categorization in that number.

We as a society F_ed up big time. all SCIENTIFIC EVIDENCE said that the elderly were the most at risk of fatal outcome and yet we have done little to protect the nursing homes where most of them are residing.

I hate being in the susceptible group in this country, but I am. I will tell you this, the more this country (federal, state, and local) fuck this shit up, the more likely the death rate will go up and a bunch of old people will die more prematurely than necessary.

Medicare, SS and pension plans will be less burdened. The average life expectancy will go down. The percent of total working population will go up.

I would not want to be invested in those wonderful retirement homes at this point, customers dying and lawyers hovering, but buying some puts could be very profitable over the next year or two.

Other businesses will do perfectly fine. Even if we have 3.5 Million deaths from this virus, that is only 1% of the population and most of it will be unproductive citizens.

Please have confidence in this country and the world in general and definitely have trust that the market will get to the head of the class with their inside contacts in our government. Lobbyist pay good money for favors.

 

[East Lake II]

I found this article interesting & sad, but not surprising. I visited Vegas not long after 9/11. It was in a desperate state then and its going to be much, much worse this time around.

Maybe got the best chuckle from the below blurb:

Victor Chicas, a restaurant server in the Mandalay Bay casino-hotel, already facing financial hardships before the pandemic, including insurmountable debts and foreclosure on his home, had to cut his cable and internet and drain his pool to lower his electricity bill.

So a restaurant server (waiter?) in Las Vegas has a house with a fuking pool (though sounds like he was overleveraged to begin with). I wonder if he has an AMP habit too? America is truly a land of opportunity.

https://www.zerohedge.com/markets/money-running-out-vegas-struggles-survive-shutdown .

Everyone in Vegas is over leveraged. It’s the nature of the game. The city is run by the casinos and they put puppets in govt. Anyone see CNN’s Anderson’s interview of the Vegas Mayor. She came out and said she volunteered Vegas to be a control group, open up the casinos and see if anyone gets sick. Anderson asked her if she was going to sit at a table next to sick people and she said she has better things to do.

During the the financial meltdown of 2008, Vegas was one of the hardest hit cities. Over leverage. Doesn’t surprise me.

 

[East Lake II]

So, I am to believe the stock market is going to crash, the real estate market is going to crash. people are going to stop eating, sleeping and shitting.

Come on guys, 350M people in this country. So far we have 60K corona virus deaths and I am guessing their is a little fudge, incorrect categorization in that number.

We as a society F_ed up big time. all SCIENTIFIC EVIDENCE said that the elderly were the most at risk of fatal outcome and yet we have done little to protect the nursing homes where most of them are residing.

I hate being in the susceptible group in this country, but I am. I will tell you this, the more this country (federal, state, and local) fuck this shit up, the more likely the death rate will go up and a bunch of old people will die more prematurely than necessary.

Medicare, SS and pension plans will be less burdened. The average life expectancy will go down. The percent of total working population will go up.

I would not want to be invested in those wonderful retirement homes at this point, customers dying and lawyers hovering, but buying some puts could be very profitable over the next year or two.

Other businesses will do perfectly fine. Even if we have 3.5 Million deaths from this virus, that is only 1% of the population and most of it will be unproductive citizens.

Please have confidence in this country and the world in general and definitely have trust that the market will get to the head of the class with their inside contacts in our government. Lobbyist pay good money for favors.

Lot of truth in what you say. Some is rather cruel and no one wants to acknowledge it, but it’s true nonetheless.

 

[Sam1231a]

So, I am to believe the stock market is going to crash, the real estate market is going to crash. people are going to stop eating, sleeping and shitting.

Come on guys, 350M people in this country. So far we have 60K corona virus deaths and I am guessing their is a little fudge, incorrect categorization in that number.

We as a society F_ed up big time. all SCIENTIFIC EVIDENCE said that the elderly were the most at risk of fatal outcome and yet we have done little to protect the nursing homes where most of them are residing.

I hate being in the susceptible group in this country, but I am. I will tell you this, the more this country (federal, state, and local) fuck this shit up, the more likely the death rate will go up and a bunch of old people will die more prematurely than necessary.

Medicare, SS and pension plans will be less burdened. The average life expectancy will go down. The percent of total working population will go up.

I would not want to be invested in those wonderful retirement homes at this point, customers dying and lawyers hovering, but buying some puts could be very profitable over the next year or two.

Other businesses will do perfectly fine. Even if we have 3.5 Million deaths from this virus, that is only 1% of the population and most of it will be unproductive citizens.

Please have confidence in this country and the world in general and definitely have trust that the market will get to the head of the class with their inside contacts in our government. Lobbyist pay good money for favors.

Well said, as always CB

 

[TONY88]

Everyone in Vegas is over leveraged. It’s the nature of the game. The city is run by the casinos and they put puppets in govt. Anyone see CNN’s Anderson’s interview of the Vegas Mayor. She came out and said she volunteered Vegas to be a control group, open up the casinos and see if anyone gets sick. Anderson asked her if she was going to sit at a table next to sick people and she said she has better things to do.

During the the financial meltdown of 2008, Vegas was one of the hardest hit cities. Over leverage. Doesn’t surprise me.

Good morning, gentlemen!

This makes me wonder... is there a website for gamblers to share their reviews/experiences/etc. on (similar to this one)?

And are they all "jonesing" to get back to playing blackjack, craps, roulette wheels, etc??? I would imagine so...

 

[East Lake II]

Grim milestone today. More Americans have died from Coronaviris than Americans died in Vietnam.

 

[VJLUTZ]

Agree. On one hand, you see the media trying to terrify people on a daily basis. On the other hand, they bemoan the economic carnage that the shutdown has caused.

https://dailycaller.com/2020/04/28/fox-news-brit-hume-social-distancing-coronavirus/

 

[charliebrown]

Lot of truth in what you say. Some is rather cruel and no one wants to acknowledge it, but it’s true nonetheless.

We have all been around long enough to know it is a very cruel world in the BEST of times.

 

[njlefty]

I found this article interesting & sad, but not surprising. I visited Vegas not long after 9/11. It was in a desperate state then and its going to be much, much worse this time around.

Maybe got the best chuckle from the below blurb:

Victor Chicas, a restaurant server in the Mandalay Bay casino-hotel, already facing financial hardships before the pandemic, including insurmountable debts and foreclosure on his home, had to cut his cable and internet and drain his pool to lower his electricity bill.

So a restaurant server (waiter?) in Las Vegas has a house with a fuking pool (though sounds like he was overleveraged to begin with). I wonder if he has an AMP habit too? America is truly a land of opportunity.

https://www.zerohedge.com/markets/money-running-out-vegas-struggles-survive-shutdown .

Unemployed casino workers in line for food distribution in southern New Jersey.

 

[VJLUTZ]

Not surprised at all.

https://www.zerohedge.com/health/elephant-room-keeping-businesses-reopening

 

[charliebrown]

Not surprised at all.

https://www.zerohedge.com/health/elephant-room-keeping-businesses-reopening

Businesses in Texas are reporting the workers do not want to go back to work because the unemployment checks are more than they were getting paid on the job.

 

[VJLUTZ]

Businesses in Texas are reporting the workers do not want to go back to work because the unemployment checks are more than they were getting paid on the job.

Imagine how many people are gonna want to work after "guaranteed income" kicks in?

 

[redhothotrod]

Wonder if spa owners are experiencing the following: Store rent is due. No income in April. Landlords asking for 1/2 April rent now, 1/2 deferred. Spa owners looking at May, knowing they won’t be open and landowners will be asking for May rent very soon. Spa owners thinking why throw money away on rent for a space that is not generating any revenue and likely won’t in the foreseeable future. Doesn’t look good. Providers thinking that 2020 is a financial loss but not too worried as their major concern in their health.

sounds about right...my atf mms (missed this morning not because of her coughing but a hangover after she drank too much wine !) does the same...next tuesday discussion how she and her girls are gonna deal with the "social distance" rule in the next months...am sure they'll come up with inventive and safe solutions

 

[East Lake II]

We have all been around long enough to know it is a very cruel world in the BEST of times.

Depending on your circumstances it’s always been:

It was the best of times it was the worst of times.

Not surprised at all.

https://www.zerohedge.com/health/elephant-room-keeping-businesses-reopening

Read somewhere that workers were asking to be laid off as their unemployment combined with PUA was more than their salary.

I was wondering about the potential liability corporations might have going forward. Or even schools.

Cuomo announced that construction sites when they reopen will have a Covid Safety Officer.

 

[njlefty]

Depending on your circumstances it’s always been:

It was the best of times it was the worst of times.


Read somewhere that workers were asking to be laid off as their unemployment combined with PUA was more than their salary.

I was wondering about the potential liability corporations might have going forward. Or even schools.

Cuomo announced that construction sites when they reopen will have a Covid Safety Officer.

From a societal standpoint, people will retun to places like restaurants and concerts and so forth when there is a comfort level about their personal health and safety. Likely when there is a vaccine available, which may be early next year. Until then, the numbers will be low as to not be sustainable. I don't see the current stock market as sustainable at the numbers it is at. It is a ganja dreamland there and I don't know what else they are smoking. I have been going cash.

 

[Bricktop]

From a societal standpoint, people will retun to places like restaurants and concerts and so forth when there is a comfort level about their personal health and safety. Likely when there is a vaccine available, which may be early next year. Until then, the numbers will be low as to not be sustainable. I don't see the current stock market as sustainable at the numbers it is at. It is a ganja dreamland there and I don't know what else they are smoking. I have been going cash.

I always said cash is king but a lot of dunkin doughnuts not accepting at the present. I need to invent a way to launder money.

 

[asianampman]

Businesses in Texas are reporting the workers do not want to go back to work because the unemployment checks are more than they were getting paid on the job.

It is also businesses in PA, Iowa, FL and AZ. Iowa said if you choose to not go back to work that counts as quitting and then you are not eligible for unemployment.

 

[VJLUTZ]

It's going to get real interesting. I am glad I do not live in NJ. PA is not doing that great either, but it isn't the fiscal freakshow that is NJ. The problem is their residents are already taxed to the hilt. Murphy will try to blame Trump and CV-19, but this has been 40 years in the making Blame the public unions and the Free Shit Army in NJ.

https://www.nj.com/coronavirus/2020...ay-from-coronavirus-pandemic-murphy-says.html

 

[easy2please]

If only the purchasing power of the dollar were as durable & resilient, but 106 years of central banking cartel (federal reserve) manipulations have only diminished it