it would not be out of the question to see the central bank take for the first time ever a passive interest in the performance of the stock market.US President Donald Trump speaks during a Coronavirus Task Force press briefing in the Rose Garden of the White House in Washington, DC, on March 29, 2020.Preparing the nation for a death toll that could exceed 100,000 from the coronavirus, Trump on Sundayhis previous remarks about wanting to reopen the country for business by Easter.
In continuing social distancing until the end of next month, the president said, "Nothing would be worse than declaring victory before the victory has been won." Earlier on Sunday, White House health advisor Dr. Anthony Fauci said the country could see up to 200,000 deaths and millions of infections. However, he also cautioned that those numbers are based on outbreak modeling and nothing is certain.
Here we go🙄
50% x 30000
Bye
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Start your Monday smart: What's happening this weekPandemic ... stay at home ... equal pay ... US census ... April Fools ... autism awareness ... James Corden ... Coachella ... Here's what the next six days will bring. LOL. Start? Week? Trump is still president. The virus is till here doing what it does.
Source: CNN - 🏆 4. / 95 Read more »
Amazon workers to stage a walkout Monday, demanding closure of Staten Island facilityAmazon employees at the company's Staten Island, New York, facility plan to walk off the job Monday amid allegations the online retail giant has mishandled its response to the coronavirus pandemic. Unnecessary!
Source: CNN - 🏆 4. / 95 Read more »
The Great Depression Vs. Coronavirus Recession: 3 Metrics That Will Determine How Much Worse It Can GetThe Great Depression vs. the coronavirus recession: here are 3 metrics that will determine how much worse it can get by theothersarahh theothersarahh Just labeling this thing Corona recession is a lie. Tell me how the repo rate spike and the yield curve inversion we had leading into this collapse had ANYTHING to do with Covid? theothersarahh Nice comparison. 1 unrelated note to add: $Trillions are printed by Fed Reserve (private corporation) who doesn't own $Trillions and merely creating out of thin air and loaned to Gov in form of Bonds (IOUs) that gov HAS to payback... not only the Principal, but also INTEREST! theothersarahh A big difference between the two is at the start of both we had an option to do something or not do something Hoover did nothing or he left it up to Christian organizations and they did nothing for people they didn't think we're worthy.whether you like a spending money or not...
Source: Forbes - 🏆 394. / 53 Read more »
U.S. Rebuffs Calls to Close Stock MarketThe Trump administration has vowed to keep the stock market open, even as a steep selloff has led some to suggest a temporary closure could soothe frightened investors Not closing the stock market may be correct, closing the stock market may lead to greater panic and confusion. Of course Trump is keeping the stock market open. He's been trying to bring it back up so his family and friends that haven't offloaded yet can and then buy in again when it's hit rock bottom. Nothing assuages fear more than instant loss of liquidity.
Source: WSJ - 🏆 98. / 63 Read more »