Also the US economy in 2008 was fundamentally broken. People who should not be having a home were carrying mortgages beyond their capacity. The true risk of securities (like CDS) could no longer be evaluated. Everyone was working blindfolded.
We need credible and able political leadership. I am no fan of Bush but he did a good job calming the nation after 911. This time we got clowns at the driver seat. Do you remember Trump said itās just a flu and kudlow said itās contained airtight? Just days ago. This kind of cluelessness really hurts peopleās confidence.
What do you want Trump to do? We will ask Trump to do. There is a reason Bush was not liked. Nor was his brother liked.
Bush had something that was contained. Trump is foundering in the dark. But he needs to show the facts and act quickly. The people are doing it on there own right now.
Watch the numbers of people infected. Goes up 10 times every two weeks. If that happens in the US there will be more victims than China in just one month. If we can level off the curve by then we will be lucky. Otherwise there will be one million infected and 30,000 dead by May.
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Trump cannot be chasing virus and killing them one by one. This is not a video game. A vaccine has to be found. But, the virus is not as deadly as it is being made out. Also, the market ups and downs are natural process. We need to learn to live with them. Even if FED prints tons of money, it will still not help. It might raise the price, but at the same time purchasing power will drop at same rate.
Even China has rebounded and Korea is turning the corner. The lack of leadership is whatās hurting us. Looking back 911 didnāt seem like a big deal. But back in the days people were nervous even getting their mail and nobody was flying.
Leadership is key. Donāt blame the problem.
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All Trump can do is to try to stop transmission. Unfortunately that means shutting down the economy and causing a recession. The people are doing it anyway. He might as well lead instead of following. His re election is toast already. We will have recession before election no matter what he does.
The worst case scenario means 100m infected
And 300k dead. It could happen by November
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Leadership does not buy stocks. Investors do. Ask big investors to buy your stocks and that is what causes market prices to creep up. I do not want to see a day where FED is buyer of stocks. Sorry.
If you know the future, which it seems you do, then prepare for it. the eventual recession, if that is what you are afraid of. What can we do about it? It is too late to turn the clock back. We have to live through it how so ever ugly it will be.
I am prepared. Basically all institutions and businesses are shutting down and there is nothing we do until the growth of infection stops.
Everyone I know is preparing. My friends just canceled their trip to Cabo. I will probably cancel mine in May.
I agree. We are in a situation where we just wait and watch. There is nothing anyone can do about it. I would rather do it in positive spirits. Positive spirits will not change the outcome, but I am not living a miserable life twice.
Do you really think china ccp will shutdown so many cities and sacrifice the economy if thereās only 3000ish death?
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You are welcome to believe whatever you want. It will not change reality. I do not know what that reality is. Not many people are good at it. Your guess is just as good as mine.
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If we only have 3000 deaths we will be lucky. I bet the likelihood of 100-400k is too big to ignore.
China shut down for two months. If they open up again soon it will be a good model to follow.
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The world population is about 7 Billion. 400K means nothing. Most of the world population is not even well protected. And we do not know reason of all deaths.
Unless you are one of the 400k
Agree with you on that.
Trump will speak at noon PST. His last speech tanked the market. This is his one and only chance to look and act Presidential. A Roosevelt moment. Like we only have to fear, fear itself. Otherwise the market will be down 50% or moreā¦ it dropped 90% in the Depression.
For presidential speech wait for the Biden speech afterwards. 
Whatever someone has to say will be said. If markets drops more, that is not bad. The sooner you fall behind, more time will you have to catch-up. It will be bad to kick the can down the road. I think this is politically most advantageous route. If I were Trump, I will take a bath today ( ie. release all bad news today) so that as he gets closer to elections, all bad news have been heard and discarded.