Coronavirus is plunging the global economy into its worst crisis since 2009

[Guno צְבִי]

The coronavirus is plunging the world economy into its worst downturn since the global financial crisis, according to the Organization for Economic Cooperation and Development, which warned Monday that growth could be cut in half if the outbreak continues to spread.

Global gross domestic product would grow by just 1.5% in 2020 if the coronavirus spreads widely throughout Asia, Europe and North America, the OECD said. That's roughly half the 2.9% growth rate the group projected for 2020 before the outbreak, and severe enough to push Japan and Europe into recession.


https://www.cnn.com/2020/03/02/business/oecd-global-economy/index.html

 

[cancel2 2022]

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It's so terrible that Apple has gone up over 6% since the NYSE opened two hours ago! Bought at 263 and it's now at 290. Plus there is always the possibility that ersatz black racist Jews are taken out of the gene pool.

 

[Eagle_Eye]

The coronavirus is plunging the world economy into its worst downturn since the global financial crisis, according to the Organization for Economic Cooperation and Development, which warned Monday that growth could be cut in half if the outbreak continues to spread.

Global gross domestic product would grow by just 1.5% in 2020 if the coronavirus spreads widely throughout Asia, Europe and North America, the OECD said. That's roughly half the 2.9% growth rate the group projected for 2020 before the outbreak, and severe enough to push Japan and Europe into recession.


https://www.cnn.com/2020/03/02/business/oecd-global-economy/index.html

Let me guess it's all Trump's fault.

 

[Into the Night]

The coronavirus is plunging the world economy into its worst downturn since the global financial crisis, according to the Organization for Economic Cooperation and Development, which warned Monday that growth could be cut in half if the outbreak continues to spread.

Global gross domestic product would grow by just 1.5% in 2020 if the coronavirus spreads widely throughout Asia, Europe and North America, the OECD said. That's roughly half the 2.9% growth rate the group projected for 2020 before the outbreak, and severe enough to push Japan and Europe into recession.


https://www.cnn.com/2020/03/02/business/oecd-global-economy/index.html

You would like that, wouldn't you?

 

[Into the Night]

Let me guess it's all Trump's fault.

What is? CNN??

 

[Eagle_Eye]

What is? CNN??

 

[Stone]

The coronavirus is plunging the world economy into its worst downturn since the global financial crisis, according to the Organization for Economic Cooperation and Development, which warned Monday that growth could be cut in half if the outbreak continues to spread.

Global gross domestic product would grow by just 1.5% in 2020 if the coronavirus spreads widely throughout Asia, Europe and North America, the OECD said. That's roughly half the 2.9% growth rate the group projected for 2020 before the outbreak, and severe enough to push Japan and Europe into recession.


https://www.cnn.com/2020/03/02/business/oecd-global-economy/index.html

FAKE NEWS !

 

[cancel2 2022]

FAKE NEWS !

Guano is a fuckwit on steroids, he's too old to change now.

 

[LV426]

Wasn't the Russia Tax Cut supposed to provide at least 3% growth, so any virus wouldn't be an issue because the Conservative Tax Cuts were supposed to be "rocket fuel".

Looks like this rocket is a dud.

 

[Grokmaster]

The coronavirus is plunging the world economy into its worst downturn since the global financial crisis, according to the Organization for Economic Cooperation and Development, which warned Monday that growth could be cut in half if the outbreak continues to spread.

Global gross domestic product would grow by just 1.5% in 2020 if the coronavirus spreads widely throughout Asia, Europe and North America, the OECD said. That's roughly half the 2.9% growth rate the group projected for 2020 before the outbreak, and severe enough to push Japan and Europe into recession.


https://www.cnn.com/2020/03/02/business/oecd-global-economy/index.html

US MARKETS UP NEARLY 3%....DARN!! LOOKS LIKE YOUR MUCH-HOPED-FOR CATASTROPHE IS FIZZLING OUT.

 

[Grokmaster]

 

[cancel2 2022]

Wasn't the Russia Tax Cut supposed to provide at least 3% growth, so any virus wouldn't be an issue because the Conservative Tax Cuts were supposed to be "rocket fuel".

Looks like this rocket is a dud.

DJI went up nearly 1300 points, do you ever stop whining?

 

[jimmymccready]

The drop caused a year's loss in the market, do you ever stop whining?

The coronavirus is not Trump's fault and neither is the super correction.

There will be a recession now. The question is just how light or heavy will it be.

 

[Grokmaster]

The drop caused a year's loss in the market, do you ever stop whining?

The coronavirus is not Trump's fault and neither is the super correction.

There will be a recession now. The question is just how light or heavy will it be.

WHICH IS ALREADY COMING BACK. YOU ONLY LOST IF YOU WERE STUPID ENOUGH TO SELL DURING A PANIC SELLOFF.


I BOUGHT IN THIS MORNING ON SOME "FIRE SALE" PRICES, THAT HAVE ALREADY PRODUCED PROFITS (SHOULD I CHOOSE) BY THE END OF THE DAY.


SWEET.

 

[Nordberg]

DJI went up nearly 1300 points, do you ever stop whining?

So you think that proves all is well? The problems that caused this week-long crash have not gone away.

 

[Walt]

It's so terrible that Apple has gone up over 6% since the NYSE opened two hours ago! Bought at 263 and it's now at 290.

Apple does not trade on the NYSE. It trades on the NASDEQ. Massive changes in stock prices are a bad sign. What flies up will certainly plummet down. It makes it impossible for Apple to calmly build their business.

It is worse for a tech company that has to offer stock options. These wild fluctuations mean that random employees get the shaft, which causes all employees to be unhappy. Other random employees cost Apple far more amount of money than was budgeted for.

Not only do Republicans not know how to talk to people in other groups, they do not seem to know what good news is.

Plus there is always the possibility that ersatz black racist Jews are taken out of the gene pool.

Why on earth would you say something that crazy? I keep thinking Alt Right accounts must be hacked and posting nonsense to make the owner of the accounts look bad. But no, this really is how crazy the Alt Right has gotten.

 

[Walt]

WHICH IS ALREADY COMING BACK.

No it has not. There are these pesky things called facts, and you do not seem capable of dealing with them.

The Dow dropped by 15%, then rose by 5%, but still is 10% below where it was.

THAT HAVE ALREADY PRODUCED PROFITS (SHOULD I CHOOSE) BY THE END OF THE DAY.

And that is one of the problems with a 5% jump in one day. Most people would consider a 5% jump in one day a very good return, and would therefore be profit taking right now. That means prices will tank.

But maybe enough people are hoping for more 5% a day jumps? Here is a question, is the underlying economy rising at 5% a day? No, well then the stock market is not going to rise at 5% a day for any sustained amount of time.

 

[RB 60]

No it has not. There are these pesky things called facts, and you do not seem capable of dealing with them.

The Dow dropped by 15%, then rose by 5%, but still is 10% below where it was.



And that is one of the problems with a 5% jump in one day. Most people would consider a 5% jump in one day a very good return, and would therefore be profit taking right now. That means prices will tank.

But maybe enough people are hoping for more 5% a day jumps? Here is a question, is the underlying economy rising at 5% a day? No, well then the stock market is not going to rise at 5% a day for any sustained amount of time.

Of course, you liberals are already crying that the markets are back on an upswing.

 

[cancel2 2022]

Of course, you liberals are already crying that the markets are back on an upswing.

Walt Shitman I suspect is just an Owl sock.

 

[cancel2 2022]

No it has not. There are these pesky things called facts, and you do not seem capable of dealing with them.

The Dow dropped by 15%, then rose by 5%, but still is 10% below where it was.



And that is one of the problems with a 5% jump in one day. Most people would consider a 5% jump in one day a very good return, and would therefore be profit taking right now. That means prices will tank.

But maybe enough people are hoping for more 5% a day jumps? Here is a question, is the underlying economy rising at 5% a day? No, well then the stock market is not going to rise at 5% a day for any sustained amount of time.

You're such a depressing miserable sod, tell your mistress to get her hand out of your arse.