TPS

four guys who know the system too, so seemless.

Was thinking about this last night, add Norman and Klein to that last point, "knows the system." The D won't skip a beat...

You really are a douche. It has nothing to do with politics, rather how can society deal with a crisis of this magnitude? China brought in the military and shut Wuhan down. Maybe you'd rather see that? Btw, we do have a federal payments system dumbass. Of course, you still think it's all a hoax? Conspiracy? Yes, everyone is out to get your idol. Hahahahaha!

Make sure people have enough food and water, then suspend the payments system.

Banks are never prepared for something like this, but the Fed will provide all the liquidity they need. Hell, the Bank of Japan is buying equities...

As I said in the 2008 crisis, the Fed has no limit to its balance sheet. It can, is and will do everything necessary to ensure the financial system weathers this storm.

C'mon, I'm as asshat too! Sorry @TH3 I should've waited until it got closer to the close.

Looks like it will hit your mark by day's end.

I'm sure you've read the pieces on this tom. It's how they responded to keep it from getting out of control. Good luck you and yours.

We disagree. I'm done blaming and arguing. Stay safe.

That doesn't excuse our slow response to it. Several other Asian countries have shown how it should've been tackled because of their experience with SARs. It's all about what to do going forward now. We differ on the responses. I hope you come out of your self-quarantine fine. Stay safe.

Everything needs to be focused on limiting the impact of the virus. Shut the economy down for a month, just like Wuhan did. When you do that, then the focus is to make sure people's needs are met during that period. Once we get passed it, the federal government will step in to get the economy moving again. It's doable (the Chinese did it), it just requires actions as if we are in a war-time setting.

For someone who was just in Spain, I would think you'd be a little more aware of how quickly this is spreading. I wonder how many cases there would've been if China did not quarantine a city of 10 million? Or Italy shut down its country? If we simply let this play out like a flu, do you know how many people would die? Did you hear Fauci on TV yesterday? Vs Trump who was so giddy about the Fed cutting interest rates? He really is not fit to lead on this thing because he is such a narcissist. Great guy to go against the deep state, but not a virus...

Of course it's not a free lunch, and no person making decisions thinks so--It is cost-benefit. Do you really think the costs would be less if we went around doing business as usual? And it's not just those who get the virus, many needing any kind of critical care will not get it once the system hits capacity. It seems clear to me that the best course of action now--the one that will reduce the number of deaths intended or unintende--is to shut everything down like Wuhan and Lodi did.

Would you want to find out? Take a look at that graph on the two cities in Italy, one that shut down early and one that did not.

Not true. Declaring a state of emergency allows for circumventing things. They waited too long to take it seriously because trump has been more concerned about the stock market. Even yesterday he was so giddy about Fed rate cut, and said Wall Street would be happy. Apparently they aren’t...

Yes, I commented last night based on that, but you are correct. Ad for shutting down the economy, you can’t separate the two—it is being shut down because the number of cases is beyond control now. Time to shut it all down and stop the acceleration.

This is why... https://mobile.twitter.com/donmoyn/status/1239239417715396609 I don't think it should have anything to do with any economic criteria; it should be based on when we see the cases under control.

Btw, I won't be surprised if the markets are shut down at some point. Looks like the next month will be about simply getting through this....

Can't find it, but my twitter feed had some comments that "market signals were flashing red" before the rate cut was announced.

As @Foxx posted, futures were pointing to a big drop, so Fed Is trying to head it off.

Testing has been very limited, so now that it's ramping up, we'll see the number of cases accelerate. There may be some 30,000 cases (+\- 10,000) out there right now that haven't been identified because of the slow ramp up in testing.. there is good reason to take extreme measures now.

It’s more for show than any real impact. The market may react positively but it will be the rate of growth in cases and deaths over the week that be the main mover.

Fed cuts rates back to crisis range, 0 - .25%

Cuomo calling on Trump to have army corps of engineers help convert some facilities into temp hospitals to prepare for the deluge.