The market will drop another 750 tomorrow, the Fed will cut rates....

[Under The Radar]

...to 0, (the third time in history to do so) congress approved 8 billion emergency funding, the world economy is folding and not trying to hide it like they are here.
People, for this to be just the flu, everyone sure is acting strange.

[brewens]

1. A "contained" and "locked down" just the flu. n/t

[SCantiGOP]

2. Or a Democrat hoax flu

And a 750 drop is probably the upside.
You may see a runaway with circuit breakers popping.
The damn shame is a lot of good people - many in the middle class - may be devastated by this.

[Under The Radar]

4. Ted Cruz May be infected by the hoax

[lastlib]

15. He is already infected by something far worse than the hoax......

Maybe it's a cancer infected with Ted Cruz..........jus' sayin'.

[lapfog_1]

3. send every person over 18

$5000 and tell everyone but absolutely essential people home for the duration.

[customerserviceguy]

7. Where are they going to go out and spend it?

Amazon Prime has only so many delivery people.

[lapfog_1]

8. It is to replace their lost income for a month or two

rent, mortgage payment, utilities, delivered groceries.

[doc03]

5. If the fed cuts rates again it will backfire and it

will look like an act of desperation that will drive the market lower. It didn't work last week.

[Under The Radar]

6. They have met and drawn the trigger level on losses

could do it as early as tomorrow if futures pull down the DOW too quickly.

[SiliconValley_Dem]

9. I don't think you are seeing what Austen Goolsbee is seeing

He thinks the global market is in major panic mode now.

[KY_EnviroGuy]

10. Goolsby makes some good points. Here's a link to his statements.......

How could coronavirus impact the U.S. economy?

Austan Goolsbee on the economic impact of the coronavirus and how the U.S. economy relies more on face-to-face services.

MSNBC Video here: https://www.msnbc.com/mtp-daily/watch/how-could-coronavirus-impact-the-u-s-economy-80180805884?cid=sm_npd_ms_tw_ma

KY..........

[MoonlitKnight]

11. Oil related credit markets

Could be leveraged worst than mortgages were in 2008.

[uponit7771]

13. That means money stops moving like it did in 2008, do you have any links on this? Thx in advance

[no_hypocrisy]

12. If the Fed cuts the rate below zero,

does that mean *I* have to pay the banks to maintain my savings account?

[uponit7771]

14. Yes, countries will start paying the US to keep their money

[A HERETIC I AM]

16. No.

You won’t have to pay the bank to store your money.

[Johnny2X2X]

17. Perfect storm

We were heading towards a recession before anyone had ever heard of Covid-19, this just hastened it.

But now with the Russia-Saudi Arabia oil war, this is going to be a 2008 level meltdown only the government doesn't have as much ability of will to do much to help.