Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (9372)	4/20/2020 4:34:22 PM
From: Winfastorlose	2 Recommendations Recommended By isopatch Lee Lichterman III Read Replies (1) \| Respond to of 26439

The landlords will be out walking on the streets. No one is suspending their loan payments or their insurance bills or their maintenance costs. Like I have said several times, they will turn everyone into a communist. Either the giver or the taker. In Yugoslavia after WW2, the communist leaders divided the nice houses up among themselves and kicked the owners out. No one was able to do anything about it. Even the people who truly believed in the idea of communism were aghast. "How could we become just like the people we were so opposed to?", they asked

To: Lee Lichterman III who wrote (9372)	4/20/2020 5:29:43 PM
From: Kirk ©	1 Recommendation Recommended By Lee Lichterman III Read Replies (1) \| Respond to of 26439

LOL! It certainly feels that way. Actually, congress gave everyone who lost a legit job and is a legal taxpaying citizen an extra $600 per week of unemployment. For people living on the margins, this is more money than they were probably making to go to work! There is some delay in getting processed and those checks showing up but there should be no excuses for not paying rent or mortgages once the checks show up. If they use the $ to buy beer, drugs, iphones, etc. rather than pay their obligations, I say evict them. Of course illegals working under the table will be the responsibility of the cities and counties that allow it and businesses that should also get funds to pay them via PPP. Of course you are 100% correct that those of us who followed the rules, saved and were counting on a decent return on a decent nest egg in CDs... are f'ed.... and have been since 2009, but that is also why I've recommended more than typical for your age in equities... we still get a very good return there if you stick to the plan.