Tiberius Posted April 15, 2020 Posted April 15, 2020 PITTSBURGH (KDKA) — Two House Democrats have introduced legislation that would give millions of Americans $2,000 per month during the coronavirus pandemic. The new bill is called the Emergency Money for the People Act. It was introduced by Rep. Tim Ryan, D-Ohio, and Rep. Ro Khanna, D-Calif. In a press release, Congressman Ryan says: “The economic impact of this virus is unprecedented for our country. As millions of Americans file for unemployment week over week, we have to work quickly to patch the dam – and that means putting cash in the hands of hard-working families.” The act would expand relief to more Americans and includes a $2,000 monthly payment to every qualifying American over the age of 16 until employment returns to pre-COVID-19 levels. “A one-time, twelve hundred dollar check isn’t going to cut it,” said Rep. Ro Khanna in a press release. “Americans need sustained cash infusions for the duration of this crisis in order to come out on the other side alive, healthy, and ready to get back to work. Members on both sides of the aisle are finally coming together around the idea of sending money out to people. Rep. Ryan and I are urging leadership to include this bill in the fourth COVID relief package to truly support the American working class.” https://pittsburgh.cbslocal.com/2020/04/15/emergency-money-for-the-people-act-stimulus-bill/ socialism
Chef Jim Posted April 15, 2020 Posted April 15, 2020 3 hours ago, Tiberius said: PITTSBURGH (KDKA) — Two House Democrats have introduced legislation that would give millions of Americans $2,000 per month during the coronavirus pandemic. The new bill is called the Emergency Money for the People Act. It was introduced by Rep. Tim Ryan, D-Ohio, and Rep. Ro Khanna, D-Calif. In a press release, Congressman Ryan says: “The economic impact of this virus is unprecedented for our country. As millions of Americans file for unemployment week over week, we have to work quickly to patch the dam – and that means putting cash in the hands of hard-working families.” The act would expand relief to more Americans and includes a $2,000 monthly payment to every qualifying American over the age of 16 until employment returns to pre-COVID-19 levels. “A one-time, twelve hundred dollar check isn’t going to cut it,” said Rep. Ro Khanna in a press release. “Americans need sustained cash infusions for the duration of this crisis in order to come out on the other side alive, healthy, and ready to get back to work. Members on both sides of the aisle are finally coming together around the idea of sending money out to people. Rep. Ryan and I are urging leadership to include this bill in the fourth COVID relief package to truly support the American working class.” https://pittsburgh.cbslocal.com/2020/04/15/emergency-money-for-the-people-act-stimulus-bill/ socialism Quote For example, a married couple making under $260K with 3 kids would receive $5,500 per month. WFT is this nonsense? Please explain why this is a needed for the above mentioned family? I would hope there are qualifiers not just handing out money.
Tiberius Posted April 20, 2020 Posted April 20, 2020 Quote U.S. crude prices plunged on Monday as traders continue to fret over a slump in demand due to the coronavirus pandemic. The price of the nearest oil futures contract, which expires Tuesday, was the hardest hit, detaching from later month futures contracts with a drop of more than 20%. West Texas Intermediate crude for May delivery tanked 39%, or $7.09, to $11.25 per barrel, its lowest level in more than 20 years. Meanwhile, international benchmark Brent crude futures traded 6.4% lower at $26.29 per barrel. The June WTI contract, which expires on May 19, fell more than 11% to $22.07 per barrel. The July contract was off by 5% to about $28. The front part of the oil futures ‘curve,’ which is the May contract that expires on Tuesday, was hit the hardest since it applies to fuel that’s set to be delivered while most of the country remains on lockdown thanks to the coronavirus. There’s little demand for gasoline from refineries, and storage tanks in the U.S. are nearing their limits. https://www.cnbc.com/2020/04/20/oil-markets-us-crude-futures-in-focus-as-coronavirus-dents-demand.html
SoCal Deek Posted April 20, 2020 Posted April 20, 2020 On 4/13/2020 at 4:42 AM, Tiberius said: Trump's economy is going to need a couple more big injections of cash from the socialist state to get off the floor. All those people saying we don't need government, let the market handle everything, the poor don't need health insurance know that their racist incompetent blow hard of a casino bankrupting president can't survive unless the nanny state coughs up more cash. Sorry for replying so late but you do realize it’s the government that artificially shut down the economy, right? Now that same government is forced to pay the people back for the damage it inflicted. That’s not socialism dude! 4 minutes ago, Warren Zevon said: Gas is $0.90 at the res. Jesus You saw Jesus getting gas?
RochesterRob Posted April 20, 2020 Posted April 20, 2020 3 minutes ago, SoCal Deek said: Sorry for replying so late but you do realize it’s the government that artificially shut down the economy, right? Now that same government is forced to pay the people back for the damage it inflicted. That’s not socialism dude! You saw Jesus getting gas? St Peter needed to run the gas trimmer along the Pearly Gates so Jesus said he would pick up a few gallons while he was out and about..
SoCal Deek Posted April 20, 2020 Posted April 20, 2020 4 minutes ago, RochesterRob said: St Peter needed to run the gas trimmer along the Pearly Gates so Jesus said he would pick up a few gallons while he was out and about.. ‘Are you saying Jesus Christ couldn’t hit a curve ball?’ .....classic line from Major League
3rdnlng Posted April 20, 2020 Posted April 20, 2020 42 minutes ago, SoCal Deek said: ‘Are you saying Jesus Christ couldn’t hit a curve ball?’ .....classic line from Major League Yes, he had a little trouble with the wiggly ball but it was hell to pay to try to slip one inside on him.
Koko78 Posted April 20, 2020 Posted April 20, 2020 3 hours ago, SoCal Deek said: You saw Jesus getting gas? Of course. He had to get ready for when he and his cousin Juan can go back to work landscaping. 1
TPS Posted April 20, 2020 Posted April 20, 2020 4 hours ago, Warren Zevon said: Gas is $0.90 at the res. Jesus Had trump not intervened, it would be down to $0.80...
TPS Posted April 20, 2020 Posted April 20, 2020 5 hours ago, Warren Zevon said: Gas is $0.90 at the res. Jesus The May contract for WTI is now down to $0.90!!! That's 42,000 gallons of oil for 90 cents. If only I could store it somewhere....
Buffalo_Gal Posted April 20, 2020 Posted April 20, 2020 44 cents!? Ummm there are gonna be some suicides tonight. (I am not kidding) Started the day at $17. If I am a speculator, oh man... 7 cents!!! Will it go negative? If you have a place to put it, you are buying as much as you can.
Deranged Rhino Posted April 20, 2020 Posted April 20, 2020 9 minutes ago, TPS said: The May contract for WTI is now down to $0.90!!! That's 42,000 gallons of oil for 90 cents. If only I could store it somewhere.... 9 minutes ago, Buffalo_Gal said: 44 cents!? Ummm there are gonna be some suicides tonight. (I am not kidding) Started the day at $17. If I am a speculator, oh man... 7 cents!!! Will it go negative? If you have a place to put it, you are buying as much as you can. Then another one from Jeff (I'm not a market guy, so I have no idea about this)
Buffalo_Gal Posted April 20, 2020 Posted April 20, 2020 2 minutes ago, Deranged Rhino said: Then another one from Jeff (I'm not a market guy, so I have no idea about this) May contract is the one settling now at 7 cents. The June contract is $21. Long and short are meeting today... and it is ugly. 1
TPS Posted April 20, 2020 Posted April 20, 2020 It is currently negative. It's the oil ETFs that are selling their contracts today, otherwise they have to take physical delivery--which they can't.
keepthefaith Posted April 20, 2020 Posted April 20, 2020 17 minutes ago, TPS said: The May contract for WTI is now down to $0.90!!! That's 42,000 gallons of oil for 90 cents. If only I could store it somewhere.... You can but tanker rent is skyrocketing. Bought NAT last month. It's paying off. 1
TPS Posted April 20, 2020 Posted April 20, 2020 2 minutes ago, keepthefaith said: You can but tanker rent is skyrocketing. Bought NAT last month. It's paying off. Hope you didn't buy any ETFs after that last discussion. Btw, @Foxx you nailed it. USO and other oil ETFs will dissolve this week, unless they have a friend in the WH.... They are now paying investors to accept bids on their May contracts so they can close their positions without having to take delivery--which they are incapable of. If they want to continue as an ETF, they'd have to buy the June at $21. Negative $8.50 and falling... 1
keepthefaith Posted April 20, 2020 Posted April 20, 2020 (edited) 6 minutes ago, TPS said: Hope you didn't buy any ETFs after that last discussion. Btw, @Foxx you nailed it. I did before those posts but very little and longer term it'll be OK or not. Invested more in NAT but we're talking small potatoes here 2500 shares. Doing it more for the education than anything else. Any of this out of the mainstream investment stuff I just fiddle around. Like going to Vegas. Never risk more than I care to lose. Edited April 20, 2020 by keepthefaith
Buffalo_Gal Posted April 20, 2020 Posted April 20, 2020 7 minutes ago, TPS said: It is currently negative. It's the oil ETFs that are selling their contracts today, otherwise they have to take physical delivery--which they can't. Crazy. Negative $8!? I hope the Feds are "buying" whatever is out there. They can take the full trains, any tanker, etc. I know the strategic reserve is nearly full, but ...
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