RE:Shorts are tarded https://business.financialpost.com/personal-finance/quarantine-savings
Many of his clients are small business owners who have seen their income descend. Their savings rate, however, is still increasing because of a cut to their discretionary spending. They’re not shopping for clothing, cosmetics or technology anymore, he said. Given their situation, the priority is diverting the cash into an emergency fund and allowing it to accumulate.
Northforce13 wrote: Reading from the prior posts, it is amazing to me that shorts would be covering. Now would seem like a logical time to short.
I am not saying I would go short, because I am a long investor, but with regards to uncertainty as to the future... there has never been a time of greater uncertainty than now.
3 933 639 000
Three billion +
nine hundred thirty three million +
That's the amount of mortgages currently past due in Home Cap's loan book (table 18b in the MD&A).
I have the unenviable job of trying to figure out how much of that will default, and how much the losses will be on that. Figuring out if that number might grow even further.
Was hoping some people on these boards would have taken a stab at it. Nobody anwywhere is, which means they are ignoring it and it's hardly priced in.
In addition to that, I have to try to figure out what restrictions governments will encounter in their desire to print more and more money, which mitigates their capability to bail bail out the banks.
Plus I have to figure out at what speed the population in general will figure out (they are starting to...) that the economic damage done from all these lockdowns is multitudes (100x was my preliminary analysis) greater than the value of not doing lockdowns.
Going to be a busy weekend!
GLTA