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Stimulus
| April 11th, 2020 at 8:34:56 PM permalink | |
| petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | "The Fed is not simply accepting junk bonds as collateral for loans, it will actually be buying junk bonds — potentially hundreds of billions of dollars of them." https://wallstreetonparade.com/2020/04/the-fed-is-killing-the-two-main-functions-of-wall-street-price-discovery-and-prudent-capital-allocation/ The last official act of any government is to loot the treasury. GW |
| April 12th, 2020 at 6:01:42 AM permalink | |
| SOOPOO Member since: Feb 19, 2014 Threads: 22 Posts: 4181 |
I own one 'junk' bond. FORD. When I bought it it was not a junk bond, but the horrible performance, and now the pandemic, have made people believe Ford will not be able to escape bankruptcy. It was trading around 70 cents on the dollar on Friday; I am interested to see if it went up by tomorrow. |
| April 12th, 2020 at 9:17:52 AM permalink | |
| DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4971 |
I just bought a little bit of Ford last week. At my age a Life In Prison sentence is not much of a detrrent. |
| April 12th, 2020 at 9:46:11 AM permalink | |
| Face Member since: Oct 24, 2012 Threads: 61 Posts: 3941 |
And the Ford I bought just bit it. Sounds like a Sturgil Simpson song. You know I bought a little bit of the Ford last week And the Ford I bought just bit it They say the life I live ain't for the weak And I been thinkin i should just quit it Buy me a Cadillac that's long and lean And put the whole damn thing on credit And if the goddamn bankers wanna collect their tab Then them fat pigs can come get it Be bold and risk defeat, or be cautious and encourage it. |
| April 12th, 2020 at 10:10:40 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18221 |
Too early for me, I will wait to see what summer brings. The Ford family will fight BK to the end, but Ford has problems bigger than some China virus. The President is a fink. |
| April 12th, 2020 at 11:49:56 AM permalink | |
| petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | What puked? Mine is still fine. The last official act of any government is to loot the treasury. GW |
| April 12th, 2020 at 12:09:59 PM permalink | |
| petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | How are your REIT's for senior housing working? The last official act of any government is to loot the treasury. GW |
| April 12th, 2020 at 3:26:21 PM permalink | |
| SOOPOO Member since: Feb 19, 2014 Threads: 22 Posts: 4181 |
I believe OK. They are private equity, so I have no conclusive way to know. I have small stakes in 6 of these things. 4 are still paying dividends and two have suspended, and sent nice letters assuring me that once pandemic is over they are positioned to resume. I think the two that suspended are more involved in hotels. They all, I believe, have suspended the ability to sell them back. This is made clear when you buy into them, that they are very illiquid investments. The funny thing is, they have just sent me the year end stuff, showing (theoretical) nice gains. Oh well. I'll get back to you if anything changes. |
| April 12th, 2020 at 11:24:27 PM permalink | |
| RonC Member since: Nov 7, 2012 Threads: 8 Posts: 2510 | My bank accounts show deposits pending for stimulus funds...one for us and one for one of our kids. I only get to keep the one, of course, |
| April 14th, 2020 at 10:50:43 AM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25013 |
Anybody get the $1200 deposit yet? If you take a risk, you may lose. If you never take a risk, you will always lose. |