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

LV426 said:
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.
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^Still stuck on moron. What a sad, lying, pathetic, worthless partisan hack. ;)
 
jimmymccready said:
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.
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Another dumb prediction by someone who has NEVER gotten anything right. :rolleyes:
 
Walt said:
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.

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.
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Translation:

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Walt said:
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.
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Translation:

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Truth Detector said:
Ever hear about the boy who cried wolf? That describes the WHO. ;)

guano
noun
gua·no | \ ˈgwä-(ˌ)nō

: a fertilizer containing the accumulated excrement of seabirds or bats broadly : excrement especially of seabirds or bats
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Batshit fertilizer is extremely useful. Guano the batshit crazy racist Jew's shit is toxic to all forms of life.
 
Walt said:
Havana gets very upset when people bring up reality to him.

I personally am doing well. I am getting paid not to work, which is always nice. With Wall Street collapsing, they do not need me working on tools they will use later, so I get a week off :-D

But America is doing less well.
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Translation; ^ he was laid off. :laugh:
 
Gonzomin said:
Trump pressured the Fed to drop rates. Powell cut it a half point, which is huge. The market tanked down 750. That is scary.
India is stopping exports due to the virus, China is too. Where exactly do rosy ass Trumpys get their optimism?
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LIE and LAME. Do you get a kick out of making yourself look like a moron? :laugh:
 
Walt said:
But the Alt Right still has their personal attacks, so they are sure they will be alright.
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Yeah, because we never see personal attacks from lying leftist hacks do we Walt? You're the definition of a dumb, hypocritical fuck. :laugh:
 
jimmymccready said:
Quit the whining. Today will be a buying opportunity, maybe 500 point bounce. We will see.

If folks can understand the corona virus pandemic, while it will hurt our economy, is not going to end civilization, and while it will be far more than a nothing burger ~~ we will come out OK at the end
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How is the Coronavirus a pandemic you lie filled dumb fuck?
 
Truth Detector said:
How is the Coronavirus a pandemic you lie filled dumb fuck?
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It's clear that Jimbo has absolutely no understanding of what exactly is a pandemic, of course he's not alone this board is full of ignorant peasants!!

The Coronavirus no 1918 Pandemic

The differences between the global response to the Great Flu Pandemic and today’s COVID-19 outbreak could not be more striking

We have just commemorated the centenary of the Great Flu Pandemic of 1918, which lasted only a few months but claimed 50 million to 100 million lives worldwide, including 675,000 in the United States. That pandemic remains a benchmark, and many commentators have rushed to compare it to the current coronavirus outbreak. What’s most striking about these comparisons, though, is not the similarities between the two episodes, but the distance that medicine has traveled in the intervening century. Whatever happens next, it won’t be a second 1918.

That year, as pandemic influenza ravaged communities as diverse as California and Kolkata, no one knew what was killing them. Theories abounded. Some suggested it was a misalignment of the planets. (That’s what gave us the name influenza, from the Italian word for “influence.”) Others believed the cause was tainted Russian oats, or volcanic eruptions. Microbiologists focused on a bacterium they had discovered decades earlier in the lungs of influenza victims, and called it Bacillus influenza. But they had merely recognized a bacterium that invades lungs already weakened from influenza. Not until 1933 did two British scientists demonstrate that the cause must be a new class of disease, which today we call viruses. Finally, in 1940, the newly invented electron microscope took a picture of the influenza virus, and for the first time in history we could not only name, but also see, the culprit.

The contrast with the coronavirus, which causes the disease COVID-19, could not be greater. From the very start of the outbreak, scientists suspected a virus. Within two weeks, they had identified it as a coronavirus, sequenced its genome, and discovered that the most likely animal hosts were bats. This information, which was published by a Chinese team, was instantly shared across the scientific community, allowing research labs around the world to begin the long and complicated process of understanding the virus, and finding a vaccine and a cure. We may not have beaten the enemy yet, but we certainly know a great deal about him

https://www.theatlantic.com/ideas/archive/2020/03/were-not-facing-second-spanish-flu/607354/
 
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Havana Moon said:
It's clear that Jimbo has absolutely no understanding of what exactly is a pandemic, of course he's not alone this board is full of ignorant peasants!!

The Coronavirus Is No 1918 Pandemic

The differences between the global response to the Great Flu Pandemic and today’s COVID-19 outbreak could not be more striking

We have just commemorated the centenary of the Great Flu Pandemic of 1918, which lasted only a few months but claimed 50 million to 100 million lives worldwide, including 675,000 in the United States. That pandemic remains a benchmark, and many commentators have rushed to compare it to the current coronavirus outbreak. What’s most striking about these comparisons, though, is not the similarities between the two episodes, but the distance that medicine has traveled in the intervening century. Whatever happens next, it won’t be a second 1918.

That year, as pandemic influenza ravaged communities as diverse as California and Kolkata, no one knew what was killing them. Theories abounded. Some suggested it was a misalignment of the planets. (That’s what gave us the name influenza, from the Italian word for “influence.”) Others believed the cause was tainted Russian oats, or volcanic eruptions. Microbiologists focused on a bacterium they had discovered decades earlier in the lungs of influenza victims, and called it Bacillus influenza. But they had merely recognized a bacterium that invades lungs already weakened from influenza. Not until 1933 did two British scientists demonstrate that the cause must be a new class of disease, which today we call viruses. Finally, in 1940, the newly invented electron microscope took a picture of the influenza virus, and for the first time in history we could not only name, but also see, the culprit.

The contrast with the coronavirus, which causes the disease COVID-19, could not be greater. From the very start of the outbreak, scientists suspected a virus. Within two weeks, they had identified it as a coronavirus, sequenced its genome, and discovered that the most likely animal hosts were bats. This information, which was published by a Chinese team, was instantly shared across the scientific community, allowing research labs around the world to begin the long and complicated process of understanding the virus, and finding a vaccine and a cure. We may not have beaten the enemy yet, but we certainly know a great deal about him

https://www.theatlantic.com/ideas/archive/2020/03/were-not-facing-second-spanish-flu/607354/
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:thumbsup:
 
jimmymccready said:
I know economics is not your thing, so, hush, and watch.
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:laugh:

jimmymccready said:
Trump, of course, will come out of the trial looking very bad and possibly end up being charged.
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jimmymccready said:
Nunes may end up going to prison along with his helpers.
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jimmymccready said:
Mueller is so far ahead of Trump and his base, that when he releases his report, the day before would be Trump and his base against Real America, the day after will be Trump and his base against Real America and the Real World.
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jimmymccready said:
Remember, after Trump is show that he cannot get through the next primary season, the GOP will be saying
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jimmymccready said:
Whittaker will be indicted for obstruction of justice if he shuts down the investigation.
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12/21/18
 
Dow had its second biggest day ever, putting it just over 27 thousand, still a 10% fall, wiping out the year's gains.

If the virus is not too virulent, the coming recession should be fairly mild.

Some of the airlines have cut their flights by 20% in-country. That includes Japan.
 
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