EDD
Morgan Stanley Emerging Markets Domestic Debt Closed Fund
Mentions (24Hr)
0.00% Today
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So what do we like for Monday and next week? Anything ready to explode?
Mentions
> He’ll have plenty of time to fish while he’s on EDD Wait until he shows up to his favorite fishing hole finding its all been fenced off and is now privately owned.
Have a cousin who works for JD. Is a die hard Trumper. He says he isn’t worried, even though he says the company has been talking about laying off a good portion of his dept for the last two months. He believes things will work out for he and his family. And if he gets laid off? He’ll have plenty of time to fish while he’s on EDD and then by next year, he’ll have his job back because Trump says the economy will be much better by then. So yeah, they’re sticking in to their guns because this is all due to (his words) “the illegals, offshoring and stuff. And Trump is gonna fix all that.”
When you are jobless over 6 months, EDD stops, you become lost in data.
You are no longer considered unemployed and removed from the statistics if you exhaust your unemployment benefits (regardless if you still haven’t ground a job yet). - - Former EDD rep.
I’m about to quit my EDD job and go work for them
That’s it I had enough I’m filing my EDD
thats another EDD claim
History suggests the former employees will have to expand time and money to threaten Tesla before being paid. California employee development department (EDD) is quite forceful enforcing employee rights, so long-term, this won't go well for Tesla. Musk is the common factor in his companies' repeated failure to pay employees and contractors their due. Considering he ends up paying what's due plus legal costs (probably for both sides) and stunts like these have led to a 60% drop in Democrats purchasing Teslas, I wonder why he does it. This was Trump's modus operandi for decades but Trump underperformed the S&P500 while driving away talent. I don't see an upside for Musk embracing similar tactics.
Who would have thought banks accepting government-inflated EDD checks as actual income for auto loans would be a bad idea?
Bank of America lost the contract with EDD in CA. That might affect their next earnings somewhat
If you use all your EDD funds and fall off the list you're technically magically employed again!
Holy shit, just reminded me of my favorite covid track [EDD](https://youtu.be/K0ck7hTsug8?si=ze2F0wBSAUCMEa1R)
He wont be blackmailed by money, but will be a shill for rightwing ideology angling for billions in government subsidies if a Trump or a DeSantis weakling cretin type becomes President. That he thought DeSantis could ever be president lol. His claim that "woke mind virus is civilization ending" lmao. There's a condition called "Empathy deficit disorder (EDD)" It is far more common in people on the autism spectrum, people confuse the two, but anyone can have EDD. Left and Rightwingers can have EDD. Plenty who pretend to care about others have EDD. EDD is civilization threatening,
> $36bn is major? That's only a couple of billions more than California's Covid EDD fraud bill.
I don't have a political bias tbh. I'm pointing it as I see it. Trump Cares Bill was bloated and part of that was due to needing democrat support. He also literally campaigned on giving another stimulus check if he won. He literally said that. So I'm calling it the Trump stimmy check. Biden's COVID relief was bloated as well. The difference is in scale. Obama had 831 million packages. Trump and Biden are around 2 trillion each. Crazy spending. Trump nor Biden had the collapse of the entire banking sector to be concerned about. COVID shut down businesses and left some people out of a job. The PPP scams, the EDD scams are important to look at.
EDIT: They are going to use the law to track down employers that hire illegal workers, and then hit them with audits. The EDD does not care if your workers are immigrants you WILL pay those taxes 
California just passed unemployment insurance for striking workers, SB 799. The unemployment insurance fund is -$18 billion (thats a negative sign). EDD during the pandemic gave out like $25-45 billion to fraudulent claims and has and will never collect most. Stupid ass legislature tbh
More like cuz the EDD website is down 🤣
For real, between this and EDD scamming, what's my motivation to not defraud the government? That taught me a big lesson that crime doesn't matter if everyone's doing it. It's absolute bullshit, they want money why don't they go after those criminals instead of students?
I checked on your first question, and found a chart comparing, and they are inversely correalated like SPX and VIX. So now we're left with why short volatility futures vs long. The article is mostly really intense math, beyond me, but here is a link. I skipped down to the conclusion to see what I could gather from the plain english. It does discuss deviations from the normal behavior of vstoxx futures vs options a few years back, due to inventory and dealer issues, but they don't imply that it has completely reversed the clear inverse correlation. So unless European futures are priced at the sell date and not at the buy date, or something like that which would completely reverse the behavior, I don't get why short futures hedges long equity, or calls on equity. Seems you are doubling your loss if volatility rises since equity likely to drop. https://reader.elsevier.com/reader/sd/pii/S2405918821000064?token=BDF777A207460EFE4EDD91B2AFF7D4584C9B1B17E35272AD17350BCA05FC5F511503DA3055BCF3B3E36466ECDEE77F00&originRegion=us-east-1&originCreation=20230405171921
Special EDD: Economic Data Downgraded
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Guessing you’re in California so I would get working on your EDD claim. You’re going to need 18 months of back pay, broken out by quarter. Hope you can access those pay stubs to get your YTD numbers. Here’s a top tip, if you have to call EDD, select one of the other languages (Spanish, Armenian, whatever.). The agent will be able to help you in English and that can help save some of the hours-long wait. I bet their lines are going to be even more jammed than usual tomorrow!
The millions who got laid off received extended unemployment and millions more got a bump in SNAP benefits, which many are worried as benefits returned to pre-pandemic levels at the beginning of March. There's also PPP loans and state loans that many abused. California alone lost over $30 billion through EDD fraud.
Many still think only corporations could and did take advantage of PPP loans. California alone lost $30 billion through EDD fraud, probably billions more as most media outlets haven't followed up on the losses in over a year.
woah, dont get your panties in a twist, I never even filed for EDD during this whole time,
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At least in California if you need to use short term disability you need to contact the EDD.
Oh yea let's just forget EDD fraud and every scam that lead to many delinquents I know wouldn't have touched 2k in a year to have 10s of thousands.. Or the other hundreds of thousands a nds if jot millions xDddddd
>The one that matters most is 1980. That's when too much government stimulus and the price of energy were driving inflation and the Fed was trying to bring it down. Pretty much what we have today. I agree. I said this to my spouse and my friends. I actually thought it would start much quicker but was postponed due to more free money and EDD fraud.
That’s what happens when you do EDD fraud and invest into GameStop.
Ukraine gets a free ride? All the motherfuckers that willingly didn’t work and pay rent for free EDD and PPP got a free ride? Think before you speak dipshit
Like the trillions of people who got free EDD and PPP money?
If I were a twitter employee I would be dragging ass for a while. Probably gonna get fired so might as well do the bare minimum and look for other work while remaining eligible for that sweet EDD
EDD, forgivable PPP loans, you name it. Everyone got 30-40k free from the government in the last 2 yeaes
I agree.. they made it too easy to get EDD money, how was it that for someone who claimed $12000 on taxes in 2019 got $50000 in EDD money in 2020? 3 rounds of stimulus money? trillions being spent on who knows what.
Inflation. No more stimulus $ going out to everyone weekly. Media manipulation. Crypto and GME runs happened when everyone was receiving EDD $ and billions were dumped in the market and millions of new people were in the market, home… stuck trying to be productive (get rich). It wasn’t risky to lose then bc $ was being printed. Many EDD scammers dumped into Crypto which is why it was 2.5 T market cap at one point. This is all important because it’s relative. Many tech stocks shot and were over inflated bc of the Covid money. I have data to back all of this. The one thing I didn’t account for way the members in this group. People didn’t just have FOMO, they had Fear of holding and for good reason. I do not see this recovering short or long term.
I’ll tell you the different. GME & Crypto had their runs during Covid when pandemic unemployment was being given to damn near everybody. We’re talking about BILLIONS of dollars. MILLIONS of people who never had disposable income were getting check week after week with no regard for money. Inflation wasn’t a factor yet and money was being printed and growing on trees. There was no fear and bullish sentiment was strong. So many stocks got hyper inflated because of that (tech stocks). People were home and wanted to feel productive so they tried to get rich and invest without a care. For example look at British company [BOTB]. Look at what happened to that stock price. People were gambling and also investing. There was also a ton of fraud so tens of thousands of people were stealing billions from the EDD and a lot of that money went into crypto and the markets (trust me I know so many people that had dozens of unemployment cards). I sat of Bank of America and you’d see every black person in sight standing at the atm person after person using multiple cards-I shit you not this was literally insane to me. So the take away is all that money was around and sitting. What’s changed now is the well dried up, people have to work for their money, inflation is soaring, people are scared to invest and risk what they have. Millions of Americans have left the market because they don’t have that income anymore. For all these reasons I say that it will be increasingly hard to ever get those insane returns again. Obviously it’s possible but don’t underestimate my points above.
Funny. Yet to send me money for Paid Family Leave (through EDD, for the birth of my child), it took them 13 weeks to process it and despite sending the proper paperwork, I was denied until last week. Wonder how behind they'll be for these people riding unemployment, or if they'll see no change.
Unemployment was milked until the PAU EDD ran out around Oct-Nov 2021 and people were booted/forced off EDD for a year. Unemployment is a lagging indicator, the shit storm is coming. People literally didn't even go back to work which isn't counted and they can't draw EDD. Then you will have lay offs plus the people can start collecting EDD again in the fall.
Californians will brag about their $90 billion surplus, but have seem to have no idea about the more than $33 billion in EDD fraud.
Many companies give the pink slip last minute. In CA there is no severence pay by law. You get 2 weeks plus EDD it sounds reasonable.
Thanks man. I am brushing up on some IT skills. And I have help through EDD to apply for state jobs.
ersonal account is up 300% since starting with Daytek in ‘99 (insert old joke here). Work’s 401k is up 300% since ‘96 but 540% if the company match is included. Losers got sold, so hard to see the worst of it, but biggest I see is Blue Square Israel (BSI) at full loss, Schlotzky’s at -88%, and AMZN at -85% (yes, that AMZN! Should have held and would be positive but switched to dividend stocks only and it was culled). Biggest wins have been Formula Sys (FORTY) at 608% (1/2010), LLY at 550% (before 2011), and McDonald’s (MCD) at 308% (10/2008). That last one was stupid easy. Beef recall so the stock sunk like 20%. Idiots. It’s McDonald’s. They’ll have new beef in a day or two. Sunk a whopping $2700 into it, all I had free at the time.Still holding the bag on a few stocks. EDD at -59% (01/2011, but divies have paid 60% of the cost), CPLP at -44% (01/2010 with 56% costs divied), and GME at -43% (thanks WSB! But screw that, don’t care, did it for the LOLs). Half my port now is inheritance as I am rapidly running out of family, but I don’t include that in the above. Grandpa’s 50 years of employee DRIP stock went straight back into the same stocks. His ghost would haunt me otherwise. Normally, I’d take all the dividends and reinvest into more, but decided I wanted a rare sports car so those are getting pulled to pay for the insurance for an Evora and two teenagers. Once those elephants are eaten, I’ll start dripping again to make sure future grandkids get a leg up. Both my kids will graduate without a drop of loan debt thanks to education funds set up by grandpa. Seems like the right thing to pass down.
Personal account is up 300% since starting with Daytek in ‘99 (insert old joke here). Work’s 401k is up 300% since ‘96 but 540% if the company match is included. Losers got sold, so hard to see the worst of it, but biggest I see is Blue Square Israel (BSI) at full loss, Schlotzky’s at -88%, and AMZN at -85% (yes, that AMZN! Should have held and would be positive but switched to dividend stocks only and it was culled). Biggest wins have been Formula Sys (FORTY) at 608% (1/2010), LLY at 550% (before 2011), and McDonald’s (MCD) at 308% (10/2008). That last one was stupid easy. Beef recall so the stock sunk like 20%. Idiots. It’s McDonald’s. They’ll have new beef in a day or two. Sunk a whopping $2700 into it, all I had free at the time. Still holding the bag on a few stocks. EDD at -59% (01/2011, but divies have paid 60% of the cost), CPLP at -44% (01/2010 with 56% costs divied), and GME at -43% (thanks WSB! But screw that, don’t care, did it for the LOLs). Half my port now is inheritance as I am rapidly running out of family, but I don’t include that in the above. Grandpa’s 50 years of employee DRIP stock went straight back into the same stocks. His ghost would haunt me otherwise. Normally, I’d take all the dividends and reinvest into more, but decided I wanted a rare sports car so those are getting pulled to pay for the insurance for an Evora and two teenagers. Once those elephants are eaten, I’ll start dripping again to make sure future grandkids get a leg up. Both my kids will graduate without a drop of loan debt thanks to education funds set up by grandpa. Seems like the right thing to pass down.
I saw this coming in the beginning of 2020 with all the stimulus money and EDD fraud. many people will deny EDD fraud ever existed but living in LA you can tell who was the fraudsters from a mile away.
This doesn’t detail the stimulus checks that every citizen received alone. I’m going to assume they are including PPE loans, increased EDD, stimulus checks, and the parent tax credit all in one. It’s important that people know the checks alone that helped keep the country afloat but increasing spending when we all wanted to save did not cause inflation. Perhaps you could attribute ~1% increase due to these alone.
Me and my homies LOVE EDD
Now that everyone burned through the stimmy, PPP, and EDD money buying Hell Cats and yololing on meme stocks J-Pows money printers were suddenly a bad idea.
From the inside.... It's because the investment banks have to bend over backwards and do what the hedgefunds and family offices want them to do. The bank's do KYC and EDD and talk to each other so they KNOW WHAT WAS GOING ON AND WHO THE OVER LEVERAGED PLAYERS THAT ARE DOING SWAPS ETC but they choose to continue doing business to maintain/ improve their bottom line. On the day Archegos blew up a couple of banks were ready with automated alerting to pull the plug (think margin call the movie where they offloaded their toxic stock super fast). Wild west.... Who shoots first wins.
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It was well known last fall that Nobody could get through to EDD to file a claim, 3 hours on hold until hang up. .. so they were able to fudge the low unemployment. This was to show the news that we had recovered. But they knew we had probably like 40% unemployment; that’s why they printed again! But instead of it helping get things on track, so many businesses had reduced staff and refused to raise wages, that meant supply couldn’t meet demand. And the overcharging took off: easy profit. The inflation arrived. Now we have millions of openings because nothing has changed, nobody can own a home as an endentured servant. The pandemic at least taught people they can survive; they don’t have to suck up to shitty jobs for a life doomed to failure. And they aren’t going to.
for all the permabulls lets just ask one simple question, where in the economic cycle do you think it is? is it recovery, early expansion, late expansion, or recession? theres like the 4 main ones right. now, think about what happens next and how long that cycle will be? do you really think its not already in late expansion and going toward a recession? and do you really beleive that the recession will last like 2 months like what happen in 2020, remember that only lasted a short time because they were printing checks after checks for everyone who was (NOT out of a job, or school, or home) but basically anyone who said they were impacted by the crisis, of course the RICH corporations got most of the PPP loans but normal everyday poeple also went for EDD and IRS payments and got those.
Thank you very much for the extensive explanation!! It gives a really clear picture, really appreciate it (: Something I could explain in return, I know some legislations (Europe) that start for no taxes they do not have to declare how they spend the money from donors. So for instance, a company has to keep a balance and an income/expenditure declaration too. However for this companies (religions recognized by the state) they do not have to keep their expenses in check. It is a really sketchy system if you don't mind me giving my opinion, plus it collides with EU legislation about money laundering to some extent. For example, you move a hefty amount of cash from financial institution A to financial institution B and, most likely, you will be subject to an EDD. Where is the money coming from, how are you spending it (if relevant) etc. Not for recognized religions Hope you don't mind me spamming you about all this legislation nonsense.
#crackmaster11# on instagram is the fastest and reliable hacker who got my lost EDD account recovered and recovered my lost money his the best and trust worthy hacker message him now
#crackmaster11# on instagram is the fastest and reliable hacker who got my lost EDD account recovered and recovered my lost money his the best and trust worthy hacker message him now
Eeeew… I guess 1.9 trillion,the first Covid stimulus for Am peeps wasn’t enough … don’t even know how much was the 2nd one … I lost count but probably about 3 trillion of stimulus spending all together … that is about 9k per US citizen … Btw California EDD got defrauded off 31 billion of some taxpayers money https://abc7news.com/amp/california-edd-unemployment-fraud-ca-scam-insurance/10011810/
Tell me how I order a Model Y with an original EDD of August and somehow now I have the same EDD of everyone who's ordering now? Fuck you Elon
Damn lost all my tendies... and i need to pay tax cuz of EDD. F*cccccck
Yeah tricked into a loan. The CEO's previous company penny stock company PMCM got delisted by SEC -- after the PMCM loaned Mullen money which was never paid back "on December 8, 2013, the Company executed a line of credit agreement with Mullen Motors Company, (“Mullen”), a private company owned by our CEO, David Michery, in the amount up to $150,000 at zero percent interest until December 31, 2014 and payable in full by December 31, 2015. Starting January 1, 2015, the line of credit will accrue interest at 4% per annum. As of December 31, 2014 and 2013, the Company had a due from related party balance relating to advances to Mullen in the amounts of $104,915 and $0. [https://sec.report/Document/0001213900-15-002744/](https://sec.report/Document/0001213900-15-002744/) ​ Mullen latest report 10Q "The IRS has filed a lien on substantially all of our assets. On April 28, 2021, MTI entered into an installment agreement with the EDD to pay $10,000 per month related to unpaid state payroll tax liabilities of $370,067 plus accrued interest. Monthly payments of $10,000 are being made and will continue until paid in full."
in 2021 when everyone in cali was getting EDD cards for sitting at home not working, my EDD was TSLA and working the cash register at target. i used to secretly judge all the people who paid with EDD cards you can tell because they all looked the same. it was especially funny when they argued about the prices of stuff. like bro, you are paying with free money, i dont give a fuck trying to save you $6 on a flannel shirt.
“The IRS has filed a lien on substantially all of our assets” Company owes $4.2 million to IRS and CA EDD — not paying the IRS or payroll taxes. From the latest 10-Q Lots of debt and some high interest rates Company has financials that look like pink market
“The IRS has filed a lien on substantially all of our assets” From the latest 10Q What a crap company — also owes CA EDD Trade but watch out you do not hold the bags Financials look like Pink Sheet trash
I know why inflation is so high. EDD & PPP fraud… lots of it
You are not getting a lot of core-bond duration, mainly just the 5% VGIT, which is sometimes the better diversifier in a market crisis. SCHO is kind of a cash replacement which won't move much or yield much, though it should be around 1.5% now. I wouldn't hold that much of it unless you have near term plans for that money. SAMBX, MSD, EDD, and VWOB are on the risky side and equity-correlated in a crisis. That doesn't mean they aren't good picks for the overall portfolio, just that your portfolio's risk level is higher than just the risk of 45% stocks. Of these, floating rate bonds will perform best in a positive-or-neutral-growth, rising-rate environment. I would not recommend adjusting your portfolio for that, both because timing the market is hard and because the ten year just hit 2% which is where it was in 2019 before the shutdowns. It's possible yields won't go much higher. It looks like you left out ~10% of the portfolio.
1. If the economy is going well - then the FED will reduce liquidity faster to slow inflation. 2. If liquidity is reduced, then valuations of companies with no earnings and low revenue will crash. 3. If the valuation of companies with no earnings and low revenue will crash, then my puts on LCID will make dough. 4. As I am balls deep into Lucid puts, soon I will be covered in dough. https://www.youtube.com/watch?v=EDD84-47An0
Calls on EDD and onlyfans accounts in cali
How does everyone and their mother scam California EDD. Those speds need a new system
Inflation + EDD + EBT cards 💳
This is so untrue and just a bad take. I’ve never hated California but I do now. Our governor is mostly hated, not disliked - hated, for shutting every county down bar the one he owns a winery in. So corrupt it’s disgusting. This state is shit, they still owe me >$10k from last year which is piss compared to the taxes they take from me. I was disqualified for EDD because I, “could have worked.” My job shut down for nearly three months and I had zero income. My poor boss worked eighty hour weeks with one other person and barely kept the business afloat. My team got laid off as well. The cultural tensions in SoCal are peaking, I’m planning a move in 18mos and going back to school so I can do my job abroad if necessary. I already know what’s going to happen out here in a few years when the economy actually becomes weaker.
Just seeing the homeless problem growing in San Francisco is fuckin insane. Just lines for blocks lined up for EDD checks and kitchens.
As someone who used to work at CAR, I can promise you this is a dying company. I used to work at the busiest location in the US. We had literally 90% of staff on EDD less than a year ago because there was no business and no travel. Just because there was a temporary boost in used car pricing doesn’t mean this is a sustainable business. They are competing with Uber/Lyft/and soon Tesla auto pilot. I would say 70% of the time we did not have the class of car the customer had reserved and we had to wash and prepare a substitute car while they were at the counter. You mean to tell me this will work with electric cars that will require hours to charge? What happens when they force customers who reserved a Tesla and drive a cool car to sub out into whatever class of car they have on hand like a Hybrid Prius. “Sir this is all in the same green energy car class”
The California EDD accidentally gave away more than that to scammers and prisoners and nobody even knows it happened. The person in charge left their job early and was punished with a lifetime pension.
It's not really over everywhere. Tons of EDD boys still riding the wave in Cali and other states.
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I think Wendy’s is no longer hiring because EDD ended so I can’t even get a job there after seeing how hard my portfolio tanked today.
According to the share price highly unlikely. Although EDD gang is losing sponsorship so maybe they have to sell soon.
EDD bennies go bye-bye.
9/11 + Septembear + No more EDD + Eviction + Yellen talking shit = bullish? or bullshit?
That is right. In 10 days or so after Labor Day the business should be robust. That may not be the case. The Middle East situation, and health pandemic and closures is worrysome to most people. EDD will soon stopping handing out to those on unemployment since the beginning. The market, however, can react in opposite way as someone speculative expiry. Bet on a market crash?
Well if it's any consolation: if you work your ass off for 3 years, lots of OT, no social life, have an attitude that's nose-to-the-grindstone and all that, and if another pandemic hits after that: you'll make a very small fraction of that back through the EDD!
Here is the actual list of what you have to report from EDD — so you can feel a little more confident about listening to some random reddit poster https://edd.ca.gov/unemployment/FAQ_-_Reporting_Work_and_Wages.htm
Hmm will they extend EDD cuz of this delta variant
I’ll give you one good reason why the housing market is bound to crash. People are going broke, a lot of businesses got fucked, and to be honestly all the EDD & ‘stimulus’ checks, we’re never enough for this ridiculous lockdown. Americans got booty fucked, and I see a crash coming and it’s gonna be ugly. Till then? AMC FD’s every week
Hey Why can't you apply for EDD and get a lot of amount of money which is $38,000.00 and forget about getting a loan from PPP It's simple I can help you out on that and you gonna get your money in two weeks and it's not a loan, it's a very pandemic money for every one and you will be given a job after you have been verify
Hey Why can't you apply for EDD and get a lot of amount of money which is $38,000.00 and forget about getting a loan from PPP It's simple I can help you out on that and you gonna get your money in two weeks and it's not a loan, it's a very pandemic money for every one and you will be given a job after you have been verify
BofA also sent a notice about getting out of EDD payments for CA even though they just signed a two year contract.
Fuck, news is saying EDD is slammed with a mass load of unemployment claims. Come on SPY that’s bullish as fuck what is you doin mayne
There is no argument with people like you. I never even attempted to provide one. I had to look up what EDD even was since I don't live in the US. I'm a qualified professional software engineer and I work at a web based company. As such I couldn't give the remotest of a fuck about your stupid opinions on IT subjects, the only reason I replied was so no one else takes your ill-informed ramblings as being based in any sense or as an informed opinion. I won't reply again so save your manic typing for berating someone else.
Great argument. Are you still getting EDD every two weeks?
It was literally the biggest tax cut in history across the board. “The rich” pay the most taxes - so ofc they would get the biggest break. What? You think all these people on welfare and EDD are paying taxes?
Fuck BoA they should care about the thousands of people that got fucked over thru them on EDD scams in California n still haven't got reimbursed
just contact ur state's EDD
The feds took my EDD money.. dont buy spy puts fck