The Stock Market Is Not The Economy Thread II

[archibaldcrane]

Awww yeah just got approved for a $5k small business COVID recovery grant from the state of CA. Now that, my 7k stimmy and my 6.2k tax return are all in a footrace to hit my bank accounts first.

[kuronosan]

i think Kansas has valid claims unpaid as far back as 8 months, plenty of time to lose the house and the marriage

it's really bad for some people

It's so fucking bad, and they're starting to close down shelters. The GOP really have fucked everything up here. Most patients I'm seeing that aren't psychotic or manic it's always "lost my house", "lost my spouse", or "lost my job".

[Day]

Awww yeah just got approved for a $5k small business COVID recovery grant from the state of CA. Now that, my 7k stimmy and my 6.2k tax return are all in a footrace to hit my bank accounts first.

[Salodin]

Lmao

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[Zealot]

I'm gonna buy one and then donate it as a prize for the next BG raffle.

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[archibaldcrane]

MF getting a $1400 stimmy but asking other people to buy him a $1400 bass smh

[Day]

i already spent mine on cheap chinese plastic crap

[Andalusian girls]

Radiohead b-side

[6souls]

[6souls]

https://www.sportsbusinessjournal.co...n-layoffs.aspx
https://www.bloomberg.com/news/artic...&sref=P6Q0mxvj

Activision lays off 50 from their eSports division. Up to 190 to be laid off from King. Those laid off will get a year of healthcare for one year and $200 Battle.net gift cards.

https://kotaku.com/activision-blizza...hil-1846493910

Activision Blizzard CEO Bobby Kotick to get a $200M bonus for the company's performance over the past year.

[6souls]

https://www.politico.com/news/2021/0...e-delay-476763

Tax filing deadline delayed to May 17th.

[Xno Kappa]

Awww yeah just got approved for a $5k small business COVID recovery grant from the state of CA. Now that, my 7k stimmy and my 6.2k tax return are all in a footrace to hit my bank accounts first.

Nice! Wifey and I are ultimately only getting $1200 altogether for stimmy cash.

[Kaslo]

https://www.politico.com/news/2021/0...e-delay-476763

Tax filing deadline delayed to May 17th.

Texas and Oklahoma were already delayed to like June 15 due to winter storm last month

[archibaldcrane]

Nice! Wifey and I are ultimately only getting $1200 altogether for stimmy cash.

Bro, you should've maxed out a traditional IRA contribution to lower your AGI and get more stimmy

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[6souls]

770k new unemployment claims

[archibaldcrane]

https://twitter.com/bencasselman/sta...917558272?s=19

[Tyche]

I just threw some scratch at UMWC. There's 140,000 $10 call options expiring tomorrow. It's at $9.10 right now. Maybe we get lucky  ¯\_(ツ)_/¯

[6souls]

https://news.yahoo.com/one-lucky-bor...140929722.html

The PPP loan system under the Trump admin was so bad that multiple borrowers received multiple loans. One received 17.

A series of malfunctions took place in the spring and summer of 2020, resulting in millions of taxpayer dollars being handed out inadvertently as duplicate loans. In all, SBA Inspector General Mike Ware found, banks authorized to issue PPP loans “made more than one PPP disbursement to 4,260 borrowers, which totaled about $692 million and involved 8,731 PPP loans.”

Businesses were allowed to apply for PPP loans with several banks; it was the SBA’s duty to make sure that if a borrower had an application before one bank, applications before any other banks were withdrawn. If the SBA did not alert a bank that one of its prospective borrowers had other outstanding applications, that borrower would have no barrier to securing several loans.

At least 104 borrowers received three or more loans. One borrower received 17 loans from the federal government, for a total of $1.3 million. It was not clear who that 17-loan recipient was or how the borrower managed to secure so many loans when other prospective borrowers struggled to win a single award through the business-rescue program.

An official with the SBA inspector general’s office declined to divulge information about that borrower, or whether the borrower was being investigated by the agency. That official did confirm to Yahoo News that the 17 loans were not separate franchises of a large corporate chain, in which case the loans would have adhered to the program’s guidelines.

The SBA is attempting to recoup their losses, but don't have the available information to report how successful that has been.

[Byrthnoth]

I guess it is good that it was the Trump administration but that could almost as easily have happened under a Democrat

[Tomiko]

I don't know what this means, but people make it sound like it's good:

https://twitter.com/federalreserve/s...96078211727369