It’s literally all I do Art
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Then explain to me how a reorg, which keeps the business operating, is “monstrous”.
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Many people will be let go from jobs their jobs first — this a crisis — and have their lives turned upside down, ugly for aggregate demand I don’t care if they file and wipe the equity, no one does, but it will take $$ to keep it orderly if this lasts
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I’m far more concerned about the moral hazard associated with industry bailouts than I am with nebulous concepts like aggregate demand. Advocating for expanded unemployment benefits? That’s a conversation I’m open to having.
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This is dumb, Delta didn’t cause coronavirus
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Solid rebuttal.
By your logic, the govt should step in and provide financial assistance to any company that isn’t responsible for causing a recession. I left you an out with “unemployment benefits”. But you still seem to be advocating for equity holders, despite your denial.1 reply 0 retweets 1 like -
Art you’re a mess, go home
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He said, without providing a solid argument to support his position. You sound like someone talking their book.
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Anyone who gets both a CFA and a CMT despite the obviously contradictory natures of the two dogmas is clearly a mess. I only own stocks through index funds but would prefer it if we didn’t take the economy out behind the woodshed like old yeller
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Anyone who had the slightest understanding of the curriculum of either designation would know that both complement one another. Nice ad hominem; not an argument. You advocated for a “bailout” for specific industries. You have yet to adequately defend that position. Try again.2 replies 0 retweets 1 like
It’s unfortunate that some people will lose their jobs, but the debt that is converted to equity is likely to rehire. Capitalism stops working if there is a safety net for every failing entity. Delta could’ve saved more, taken less debt, bought back less stock Art won this one.
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You’re a monster
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Even a broken clock...
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