TPS

https://www.wivb.com/news/amherst-high-school-students-on-voluntary-quarantine-after-italy-trip/ This is what we’ve been dealing with the past 24 hours...hopefully all those kids are good through Sunday.

Yes, thank goodness. We were on a bit of a scare as well as our kids' school had a group on an exchange in Italy--several schools in the area did. Those kids are currently on home quarantine, but unfortunately they did not do that until a week after they got home....

Good take. I expect we'll see a highly volatile market until there's some clarity. And to reiterate, if this admin fails to be transparent, the response (market) will be worse. Futures indicating a big positive swing today...

Wish that was the least of my worries. Things about to hit close to home in the next 24 hours here inBuffalo...

Do people with the flu get quarantined? Do governments shut down social events or quarantine entire cities because of the flu? What do you think would happen if we treated this as casually as we do the flu?

It's never smart to make a conclusion based on one day's movement.

As I said, they will also need to provide funding to states affected the most.

As I mentioned, nice little sugar jolt for the stock market, but as the numbers of cases increases, traders will "reevaluate" since lower rates don't compensate for a drop in demand...

Yeah, this was posted up-thread. The point though, the administration needs to be transparent, otherwise they lose trust. This is not a good sign.

Unless, of course, you start suppressing the data....

No. They opted not to adopt WHO's test for some reason. https://www.nytimes.com/2020/02/29/health/fda-coronavirus-testing.html “If we had the ability to test earlier, I’m sure we would have identified patients earlier,” said Dr. Jeff Duchin, the health officer for public health in Seattle and King County, Wash., where the first death was reported on Saturday. Both C.D.C. and the F.D.A. did have the option of adopting the test approved by the W.H.O., and public health experts said it was unclear why the agencies decided not to do so. “In retrospect, it seems like a bad decision,” said one high-ranking C.D.C. official who requested anonymity and was not authorized to talk to the news media.

On your last question, that is the point being made in his thread--they should've also started community testing (as some were arguing) at the time they initiated travel bans and quarantines of those returned.

Of course it will. Look at the energy sector, for example. Any shale drillers that were struggling at prices near $55 will collapse. There was a bubble in high yield bonds which were also being securitized--there will be pain here as well. It's hard to say how long the macro impact will last. The short term will mainly be about localized impacts. As people hunker down, there will need to be temp bailouts of businesses, large and small, to keep them afloat during this time. And State and local governments of affected areas will need help from the federal government, as sales tax revenues fall. Again, hopefully it will blow over quickly....

I think This guy tries to provide a mostly objective view of what else should've been done, and why maybe it wasn't...

Some random thoughts: While there is certainly TDS out there, there is also the opposite, whatever you want to call it. I hope I'm wrong about this... It won't be such a big deal for younger, healthier people, but for people like me (over 60 with some health issues), the chances of recovering from it if contracted aren't good. In fact, it's quite possible we will see a "significant impact" on the boomers (and older). The market is rallying today because, as I said, the Fed will most likely make a significant rate cut. But, as I also said, that won't impact the real economic effects from this virus. In my view, as the virus numbers accelerate, this bit of hope today will disappear into more selling (in fact, it will be interesting to see what happens at the close today....). People can blame the media, but this is what the media always does, especially in the era of 24/7 cable news--nothing sells like fear. As for Trump, unfortunately I think he's more concerned about the stock market and economy than being as transparent as possible about the situation. As I mentioned in response to 3rd, I believe leading the country through this thing would offset any negative impact the economy might have on his election. If he doesn't see that, then he will have to shoulder any blame from not taking it serious enough and not being transparent. Again, I hope I'm wrong....

This no longer about politics, and both sides need to stop. I disagree with your last statement, as a calamity can bolster a leader who leads, instead of politics. As I said, I hope he is up to it...

The 10-year was just under 1.4% when I posted this, and it's 1.07 this morning. It will break 1% soon enough. The Fed will cut big time, but it can't stop the recession we're now entering into. I hope this administration is up to the task....

I imagine the attitude of those who defend Trump's every move will change on this issue over the next two weeks. Both sides need to stop the political games and lead. If he's more concerned about the stock market, then we're F....d....

Yeah, I was thinking 20k isn't far fetched...

Grew up in SoCal a Rams fan. Moved to Buffalo in 1990 (for a job), the start of their Super Bowl run. Easy to become a fan, then Rams moved to St. Louis, so I never looked back. Love the city, the team, and the people.

Looks like virus fears will force the Fed to act on the downside again. The 10-year treasury is once again lower than the 3-month, creating an inversion of the yield curve. Despite recent comments by Fed officials that they are content with their current target rate, they won't have a choice. Their next meeting is mid-March.

The Pats always have multiple backs with different skills. Daboll, comes from that background. I would think he wants backs with different skills.

Rohrabacher responds... https://www.rohrabacher.com/news

This is the type of discussion that I was alluding to--a list of the highest cap savings and whether or not it makes sense to move from them. My point was having Sweeney on the (OP's) list didn't make sense. https://www.newyorkupstate.com/buffalo-bills/2020/02/buffalo-bills-have-6-offseason-cut-candidates-what-to-do-with-trent-murphy-tyler-kroft-and-the-rest.html

Yes, and wages go up when workers become scarce. Wages started going up a bit higher when unemployment dipped below 4%. (There is also evidence that minimum wages increases have helped.) As the unemployment data show, there has been a continuous decline as the expansion has continued. Fortunately for Trump, the Fed stopped raising interest rates which would have caused a slowdown. The US economy will continue to muddle along at roughly a 2% growth rate (assuming no significant event occurs, like the virus accelerating). Trump has done some good things (taking on China), but economic growth is not much different than it was under Obama...