Money Monday #1 Coronavirus Stimulus Bill
The United States Senate has voted against a $1.4 trillion stimulus bill that has created for those who bring affected whether it be a business or individual or corporation by the Coronavirus. Now we know that many businesses have been shut down due to the virus and government mandates. But we want to know is, Why did the Democrats vote against this bill and cause it to fail in the Senate? Yes, you heard me right. The Democrats voted against this bill. Money Monday #1 will discuss Coronavirus stimulus bill failed and was voted against by the Democrats in the Senate and how it will affect the markets.
Money Monday #1 Coronavirus
Thank you, Dr. Harrison, and everyone out there. Thank you for tuning into another front porch. Politics Podcast. Today is the inaugural episode of Money Mondays, a podcast given to your own Monday, where we will discuss certain topics such as finances and your money. Now the reason, while this is going to be the inaugural episode, is because even though we’ve touched on some money topics before. We’re actually going to give Monday that dedicate that day of Monday to a topic of talking about finances.
Maybe now, all of you, right now, your problem. Like I am, I am self quarantined inside my office. I’m making sure that my wife is at least six feet away, and our dog is in my recliner. So everyone is safe here in the Marks household. And I say that with a little sarcasm. We got out today and enjoyed a beautiful day with my sister in law and nephew, and we walked. And it was just a beautiful day here in Alabama, where I live now, going back to what the introduction gave you.
Money Monday # 1 Coronavirus Stimulus Bill
As most of you may or may not know, the face three stimulus plan that the Senate was voting on today failed to pass. Now, this was the money. It’s about $1.4 trillion that was going to be sent out to corporations, to small business owners, and to you, the American people, to hit me through this time. Now I have a little bit of reservation. I’m just going to be upfront and honest with me about this I feel like that’s what we do on the front porch. We’re honest with each other.
I have a little bit of reservation about just sending out checks to everyone in the country for a certain amount of money. Now I do understand there are some people who may be ah in need right now, but I’ll be honest with you. I don’t think that every American citizen should receive that money. And I know they’ve discussed how they’re certain income levels. You have to be yet not to get it. But still, that is very, very to borrow a phrase “loose and liberal” on how they’re distributing this money because not everyone’s going to need it now.
Understand this that there are small business owners who you have been impacted. If you are a person like me and you are not a stock mobile, but you do invest in the market, you know that you have been taking huge hits here lately, and I’m going to tell you this bill failing tonight is going to hurt the market tomorrow morning.
The Stock Market
So if you want to look for some short time gain or some short time quick pick up money in the market, my recommendation for you is to buy stocks, which is TVIX. It’s kind of like an inverse stock. When the stock market goes up, it goes down and vice versa. So if you’re looking to make a quick day trade for tomorrow, I would buy this stock. And if you don’t have a platform, then you can always use Robin Hood. I will include a link inside the podcast at David...