Peter Kafka

@pkafka ↗

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Last Checked Jan. 20, 2021

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Wed May 06 14:22:06 +0000 2020

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Peter Kafka @pkafka

@ManMadeMoon Yes! But here’s the thing: literally everyone can see a dump truck of shit being dropped on the fan, in the form of massive, sustained unemployment. You can’t con your way out of that, and you would think many money people would bet accordingly. But they are not! — PolitiTweet.org

Posted May 6, 2020 Hibernated

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Peter Kafka @pkafka

GOLDMAN PERSON: “If I’m being dead-ass honest, though, nobody knows what’s really going on.” — PolitiTweet.org

this is the best explainer i’ve read to date about why the stock market is doing ok during what seems like an econo… https://t.co/ezCgQ0RtWs

Posted May 6, 2020 Hibernated

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Peter Kafka @pkafka

@ManMadeMoon The only other obvious answer I can think of is that the market guys simply can’t say “Holy shit! Put the money under your mattress and pray!” because they get paid to put the money... somewhere. So they have to keep putting it somewhere so they don’t become unemployed, too. — PolitiTweet.org

Posted May 6, 2020 Hibernated