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Author Topic: COVID-19 🏴☠️ Pandemic  (Read 14810 times)

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AGelbert

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Re: New Pandemic?
« Reply #15 on: February 26, 2020, 03:18:42 pm »
February 26, 2020

Quote
Macdavy 👍
the cascading effects of this are too many to list, and the pundits on wall street aren't expert on pandemics so are likely wrong, how can their hubris be so huge, how do they think this can all blow over, they must really not understand the force of nature we are dealing with. 

When airlines start to default because of government-enforced travel restrictions or simply people cancel travel plans, now hotels and restaurants default, cab companies, uber has fewer customers as people stay home, luxury items are not a priority, items dry up at stores as china is in full economic lockdown,  Walmart starts layoffs, I can go on and on at what's coming,

The problem is our central banks created this asset bubble people think is going to the moon, it was already up 350% on nothing but low interest and cheap credit. We weren't in an economic boom; We were in a boom of cheap money and the world leveraged, and now our cheap trinkets are about to stop flowing. This little nanometer chain of RNA has just started to pop this bubble, and the banks are helpless. No amount of liquidity they pump into this will stop it. Right now I'm seeing something I haven't seen since 2008, the markets are started to scream fear, All our jobs will be on the line.

Agelbert NOTE: The above truth telling comment was  made in regard to this truth telling 👍 article:

Wed, 02/26/2020 - 14:15
Summary

There are plenty of uncertainties in the world. Individuals have the decision-making ability to evaluate those uncertainties and the risks they pose. That said, it is difficult to remember a time when the potential turbulence we face has been so broadly ignored by the “market” and so overlooked by the Fed and politicians. It is as though we have been tranquilized by the ever-rising stock market and net worth as an artifact of that fallacious indicator of security.




Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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