The Coronavirus

[Ragnarök_62]

(05-16-2020, 07:20 PM)Warren Dew Wrote: Eric, the only way there would have been to avoid it would have been to shut down all incoming travel about December 31, including returning citizens.  I don't think that was unrealistic, especially considering how the WHO was then claiming there was no evidence of human to human transmission, which they continued to claim for months.

Uh, we have 17 intelligence agencies. who were actually on the job for once.

https://www.cnn.com/2020/04/08/politics/...index.html

So Trump trusted the WHO over said agencies?   There's also a lot of congresscritters who knew as well.

https://www.forbes.com/sites/jackkelly/2...764a454a45

So , yup, we coulda, woulda, shoula, but nope, Trump wanted to keep his stock market up damn the health consequences. I agree we shooulda done what you mentioned.

So, now, all of this opening up will slam us in a few weeks, and the stock market will crash even more. Eventually, when there's not much of an economy, stocks have to crash since a wave of bankruptcies is something even the Fed can't fix. The Fed can fix liquidity, but not bankruptcy.  That blows a hole in their fat balance sheet. I also don't see negative rates because that's bad for the Fed's owners.