World economy talk

[glenn_duke]

Coronavirus: US jobless claims hit 6.6 million as virus spreads - BBC News

Projection is it will hit 10 million in 2 weeks.

[madball]

Back to normal...

Coronavirus: China’s unemployment crisis mounts, but nobody knows true number of jobless | South China Morning Post

[uls]

---------------------------------------------------

[uls]

Back to normal...

Coronavirus: China’s unemployment crisis mounts, but nobody knows true number of jobless | South China Morning Post

meron din social ameliorization ang China

mas high tech nga lang compared sa atin

Local governments in China issue free digital coupons to stimulate consumption amid coronavirus pandemic | South China Morning Post

[madball]

meron din social ameliorization ang China

mas high tech nga lang compared sa atin

Local governments in China issue free digital coupons to stimulate consumption amid coronavirus pandemic | South China Morning Post

Now that's a good stimulus plan. I suppose those coupons have short expiration dates.

[uls]

^
*amelioration



--



boom

the Fed will now buy corporate bonds

not only investment grade corporate bonds, they're gonna buy high yield (junk bonds)

see the reaction

HYG and JNK are high yield / junk bond ETFs

[Dockie20]

In terms of local automobile industry, how do you think this pandemic will affect the prices of cars? I plan to buy a new car after the quarantine is lifted. Should I wait for prices to go down? Is it projected to go down?

[BlancNoir]

In terms of local automobile industry, how do you think this pandemic will affect the prices of cars? I plan to buy a new car after the quarantine is lifted. Should I wait for prices to go down? Is it projected to go down?

Nope. Even if all ends well which i know it will, dealers have to stick to a certain profit margin.

Most they can offer is fixed cash discount, low DP, or freebies.

I suggest you compute everything properly before you pull the trigger.

Minsan ang freebies wala pang 20k, dami ng nauuto.

Sent from my SM-N960F using Tapatalk

[papi smith]

During the 90s financial crisis, car prices went down by 20%, could this just be dealers profit or the car manufacturers gave huge rebates?

This one's for the US...

Fear of an Impending Car-Price Collapse Grips Auto Industry

[tidus1203]

They might just sweeten the pot but not really lower prices as margins are already low anyway... Minsan iuuto ka na to get these sweeteners typically freebies or cash discount dapat in-house financing ka.

Pero you must compute the value of the whole loan to see the total cost and subtract the freebies to see how much you're really paying vs bank financing or cash.

[Dockie20]

Nope. Even if all ends well which i know it will, dealers have to stick to a certain profit margin.

Most they can offer is fixed cash discount, low DP, or freebies.

I suggest you compute everything properly before you pull the trigger.

Minsan ang freebies wala pang 20k, dami ng nauuto.

Sent from my SM-N960F using Tapatalk

Salamat sa advise. Must restrain my impulse to buy... hahaha

[Dockie20]

During the 90s financial crisis, car prices went down by 20%, could this just be dealers profit or the car manufacturers gave huge rebates?

This one's for the US...

Fear of an Impending Car-Price Collapse Grips Auto Industry

Interesting read... thanks.

[uls]

the market right now is all about Gilead

[BlancNoir]

VIX starting to point up again.

Sent from my SM-N960F using Tapatalk

[uls]

lots of red

VIX is green

brent and wti are june futures

[Monseratto]

Many sudden new unemployed... and burdened by plastic debt...

Millions of Credit-Card Customers Can’t Pay Their Bills. Lenders Are Bracing for Impact. - WSJ

[madball]

Decoupling starts.....

Coronavirus: China faces fight to hang onto foreign manufacturers as US, Japan, EU make Covid-19 exit plans | South China Morning Post

[uls]

boom

the Fed will now buy corporate bonds

not only investment grade corporate bonds, they're gonna buy high yield (junk bonds)

see the reaction

HYG and JNK are high yield / junk bond ETFs

this is how the Fed supports companies during this crisis

afraid that investors won't lend to companies the Fed promises to buy corporate bonds

confident that there's a sure buyer investors buy corporate bonds to sell to the Fed

[uls]

the Fed will start buying corporate bond ETFs

[uls]

Trump wants the Fed to go negative