The Soapbox

Joined: 04/30/2006 Posts: 44683
Likes: 60757

What's this?

Thanks, have heard some of the same grumblings as I do a decent amount of

work with those private equities you mention, particularly when they acquire Fintechs and other types of financial companies. Looking to be a brutal few quarters on the transactional front for sure.

Fully agree with you on the bank issue: banks are in great shape safety and soundness-wise and should be equipped to weather the storm especially with federal relief coming (half a trillion in credit facilities, etc.). But that said, I've never seen consumer demand obliterated overnight like this and I have to think the glut of boomtime money we've seen tossed around the last few years is all but over, even with relief coming and some degree of opportunism by well-positioned companies. We're all going to feel this for the forseeable future so buckle up.

I have heard from several sources unemployment could be 20% or higher. That's fucking terrifying.

Anyhow, stay safe and be smart with your money. I'm sure you will.....interesting times.

(In response to this post by Moneyshot)

Posted: 03/26/2020 at 1:20PM

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Yeah, it's all about getting you Donald, you fucking twit! -- bballbill 03/26/2020 12:05AM

Since Inauguration day..... ** -- MasterRusty 03/26/2020 08:01AM

As before. And forever more. Trying to even the score. ** -- ryno hoo 03/26/2020 08:07AM

Poor, poor; bore as before; a twit to the core ** -- Quaker 03/26/2020 08:53AM

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Not everything he says is bad -- WahooMatt05 03/26/2020 07:39AM

That is soooo spot on. ** -- Hoodeac 03/26/2020 08:47AM

Guy's got it down! ** -- Shenhoo 03/26/2020 07:59AM

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I read that Wall Street bonus were expected to be down 40 percent. -- Shenhoo 03/26/2020 07:58AM

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So many straw men... -- Moneyshot 03/26/2020 08:40AM

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That’s a different issue... -- Moneyshot 03/26/2020 08:57AM

I disagree. Removing another means test could make it more efficient -- wahoo138 03/26/2020 09:04AM

I’m not 100% secure, and my wife will almost certainly lose her job ** -- Moneyshot 03/26/2020 09:08AM

FWIW, I got my job pared way back, and I am working quite -- Shenhoo 03/26/2020 09:17AM

We’ll be fine... -- Moneyshot 03/26/2020 09:39AM

Know you're from the i-banking world -- what are you hearing re forecasts -- WahooRQ 03/26/2020 11:18AM

Nothing specific...just that it’s going to be bad -- Moneyshot 03/26/2020 11:35AM

Thanks, have heard some of the same grumblings as I do a decent amount of -- WahooRQ 03/26/2020 1:20PM

I'm truly sorry to hear that ** -- wahoo138 03/26/2020 09:15AM

Damn...Florida is stingy. Virginians can get a smooth $378.00 per week ** -- Tuckahokie 03/26/2020 08:27AM

So let's do a monthly budget for $1400 a month. -- Shenhoo 03/26/2020 08:33AM

If a sliver of the poorest population ends up making out a little -- wahoo138 03/26/2020 08:45AM

It passed...let it go 138. I'm sure we could re-examine the 2009 Porkulus -- Tuckahokie 03/26/2020 08:53AM

I saw where the House is going to take it up on... Friday? -- wahoo138 03/26/2020 09:01AM

You are actually calling a $800B bill that still after your Beloved -- Shenhoo 03/26/2020 08:59AM

That's y'all's job to come up with the derogatory name...I have faith ** -- Tuckahokie 03/26/2020 09:30AM

Am I getting an afirmation that your "fiscal conservatism" is -- Shenhoo 03/26/2020 09:34AM

Shen...you seem to have a big problem with this bill... -- Moneyshot 03/26/2020 09:01AM

Unfair expectation. When do they ever go much past what Trump did is bad? ** -- Hoodafan 03/26/2020 09:48AM

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Nm** -- wahoo138 03/26/2020 09:18AM

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True. And that's why I'm not going to get too worked up over this, and -- Hoodafan 03/26/2020 11:40AM

We should take care of them as well. I really don’t think -- 111Balz 03/26/2020 11:47AM

Not everybody qualifies for the maximum state benefit ** -- wahoo138 03/26/2020 10:38AM

And that would be because.............??? -- Hoodafan 03/26/2020 11:05AM

Because they didn't make enough money when they were employed -- wahoo138 03/26/2020 11:27AM

So they cap it based on the income they were making before UE? Radical. -- Hoodafan 03/26/2020 11:34AM

That nasty fake news bitch, asking nasty fake news bitch questions ** -- Hoo TV 03/26/2020 03:04AM

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Somebody sure is. ** -- VAGentleman05 03/26/2020 06:50AM

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Triggered. Go play some bball Bill. ** -- moohoofus 03/26/2020 08:05AM

Go attend a Trump rally and press the flesh -- Hoodeac 03/26/2020 09:07AM

Hoodemented. I’m actually waiting on The Professor Joe to have a rally. -- moohoofus 03/26/2020 09:15AM

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