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  • Trump Considers Using Emergency Funds to Bolster Economy Against Virus

    From nytimes.com

    President Trump and his advisers are considering using the Federal Emergency Management Agency as a vehicle to deliver funds to stimulate the economy against mounting damage from the coronavirus, a move that could allow the administration to begin bolstering growth without waiting for Congress. The idea is one of many options under consideration by the administration to help stimulate the economy, which is facing a slowdown from a virus that is quarantining workers and consumers, scuttling vacations, closing factories and causing other disruptions. Mr. Trump previewed several ideas at a news conference on Monday ... (full story)

Its time for trump and say No to the FED
lolwtfbbq
grist for the mill
bla bla bla bla, now back to work GOLD..17--
TuriBinda
true costs: virus containment and economic stimulation
grist for the mill
Fed is in no position to aggressively ease in short term. That would end in blowing up a major bank derivative portfolio. After the emergency cut it takes some time to adjust portfolio's without undue volatility. Bet your last dollar someone large is on wrong side of the Covid 19 event.
This suggests Stimulus will come from Tax adjustment and or Fiscal policy and or quick fix money that W.H. can get its' hands on to spend.

Hm... wonder who has been having heart problems...
Well off to see what Senate comes up with as House is in full vengeance mode.
Quoting foto
Fed is in no position to aggressively ease in short term. That would end in blowing up a major bank derivative portfolio. After the emergency cut it takes some time to adjust portfolio's without undue volatility. Bet your last dollar someone large is on wrong side of the Covid 19 event. This suggests Stimulus will come from Tax adjustment and or Fiscal policy and or quick fix money that W.H. can get its' hands on to spend. Hm... wonder who has been having heart problems... Well off to see what Senate comes up with as House is in full vengeance mode....
You are right.

Also, the FED is being given a pass on easing with lower Oil prices. This is a huge decrease in the demand for dollars as long as the Oil price stays low.
We can sit and analyse from here to the end of the world on FF. In the end I bet that FED is willing to give the market just what it takes to make the markets calm down and stabilize. Regardless of what we think and whichever good reasons we can come up with there is always "excuses". So my bet is again on FED - at least until proven wrong.
In other words, respond like he ran his businesses: go bankrupt, borrow more money to pretend everything's fine.

Maybe he should also note that this is a worldwide problem, and not an issue with the US economy. Try responding to the virus first.
Follow the money --Mark Felt (Deepthroat)
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usually, i respond to such a "smart n clever" move like this in two words, 5 letters in total
global trade/travel/oil went down, how in the ... emergency funds would "boost" the economy?!
Quoting longfellow
In other words, respond like he ran his businesses: go bankrupt, borrow more money to pretend everything's fine. Maybe he should also note that this is a worldwide problem, and not an issue with the US economy. Try responding to the virus first.
I know everybody is worked up over the new Flu virus.
When people realize it is just another strain of flu with a fancy new name they will calm down. I believe hindsight will show most of this is an overreaction. If it was as deadly as Ebola and had the capacity to spread like the flu then it would merit the kind of fear we are currently seeing. I would encourage everybody to check out the statistics on Covid-19 versus common flu. ALL the statistics. You will feel much better afterward. Much of this market craziness will mitigate itself.
Quoting Skracor247
{quote} I know everybody is worked up over the new Flu virus. When people realize it is just another strain of flu with a fancy new name they will calm down. I believe hindsight will show most of this is an overreaction. If it was as deadly as Ebola and had the capacity to spread like the flu then it would merit the kind of fear we are currently seeing. I would encourage everybody to check out the statistics on Covid-19 versus common flu. ALL the statistics. You will feel much better afterward. Much of this market craziness will mitigate itself....
Wow. I'll just be blunt. You are a fool. Entire countries are sealed off. It is highly contagious and in Italy, 5% of the people who've caught it have died. It's different than the flu because it's novel, new. We have vaccines for the flu. Some people don't get vaccinated. We don't have vaccines for COVID-19 and are 18 months away from having one.
Follow the money --Mark Felt (Deepthroat)
Quoting longfellow
{quote} Wow. I'll just be blunt. You are a fool. Entire countries are sealed off. It is highly contagious and in Italy, 5% of the people who've caught it have died. It's different than the flu because it's novel, new. We have vaccines for the flu. Some people don't get vaccinated. We don't have vaccines for COVID-19 and are 18 months away from having one.
You do realize all you have done is repeat what the media has said?

The doctors have admitted that the cases that are counted are the ones that are severe enough to be reported. They have also said the true number of cases could be more than ten times higher. This means that 5% you are talking about would be more like .5% mortality. This is why I stressed looking at all the statistics.

There is more to this story than the headlines would lead us to believe. They will say almost anything these days to sell their stories.

I really truly wish you to have a peaceful day.
Blessings.

Skracor
Quoting Skracor247
{quote} You do realize all you have done is repeat what the media has said? The doctors have admitted that the cases that are counted are the ones that are severe enough to be reported. They have also said the true number of cases could be more than ten times higher. This means that 5% you are talking about would be more like .5% mortality. This is why I stressed looking at all the statistics. There is more to this story than the headlines would lead us to believe. They will say almost anything these days to sell their stories. I really truly wish...
Media bad. You're a Trumper. Got it.
Follow the money --Mark Felt (Deepthroat)
Quoting longfellow
{quote} Media bad. You're a Trumper. Got it.
I think rational people are not required to take every statement as absolute fact.

As it stands this world is not a place where all people agree on all things at all times.

I have my views, and my goal is to spread peace at all times. I am not afraid.

I stand by my statement. Most of this current economic hullabaloo will mitigate itself.
Quoting Skracor247
{quote} I think rational people are not required to take every statement as absolute fact. As it stands this world is not a place where all people agree on all things at all times. I have my views, and my goal is to spread peace at all times. I am not afraid. I stand by my statement. Most of this current economic hullabaloo will mitigate itself.
I think, unfortunately, that just like a world war was started with an assassination, Covid is merely the impetus for an economic snow ball. In itself covid is a massive threat to the elderly but everyone else should do ok, but in reality the economic slowdown from lockdowns and tourism loss is probably pushing the world into a depression. Given the massive global debt already, I'm truly not sure how this will play out.

h
Quoting Skracor247
{quote} I think rational people are not required to take every statement as absolute fact. As it stands this world is not a place where all people agree on all things at all times. I have my views, and my goal is to spread peace at all times. I am not afraid. I stand by my statement. Most of this current economic hullabaloo will mitigate itself.
Maybe you are right, maybe you are wrong however nobody has so far mentioned one important thing. And that is how much time it takes before you are infected. The problem with ordinary Flu that the most people talking about in social media is that it takes only up to 48 hours to be infected. Covid-19 has much more longer period. No reliable source have given a real proof evidence that once your are infected it's all over. What if this is the first stage, than the virus go into invisible state and after a specific period of time it strikes again with a fatal percentage of mortality.
The slowness is what worries me most...
The WHO sent an expert to Hubei province this month to research the issue of what is the actual CFR (case fatality rate) for covid-19. Based on first-hand best-data efforts, his team concluded the CFR in Hubei was 3.3% as average for all age groups. Until we have calculations based on covid-19 data outside of China, it is probably best to accept 3.3% as the best available data point. Of course, this is an illness were the average fatality rate is nearly meaningless, with certain cohorts of the population facing 1-in-10 or even near 1-in-5 fatality rates. Daunting numbers if you think about it (which I try not to do).
Trump...Sometimes am proud of you.
Kill ego, Grow EQUITY...Grow EQUITY
Quoting bdwight1
The WHO sent an expert to Hubei province this month to research the issue of what is the actual CFR (case fatality rate) for covid-19. Based on first-hand best-data efforts, his team concluded the CFR in Hubei was 3.3% as average for all age groups. Until we have calculations based on covid-19 data outside of China, it is probably best to accept 3.3% as the best available data point. Of course, this is an illness were the average fatality rate is nearly meaningless, with certain cohorts of the population facing 1-in-10 or even near 1-in-5 fatality...
Was that Aylward? You have clearly briefed yourself on this. I recognise some of the data you quote.
Warning: A Dangerous Subversive: 1% of comments CoCed
You misspelled " Paper trash will be printed again and we wonder why smart people buy bitcoin Not gold - manipulated trash."

Fixed it
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Quoting Skracor247
{quote} I know everybody is worked up over the new Flu virus. When people realize it is just another strain of flu with a fancy new name they will calm down. I believe hindsight will show most of this is an overreaction. If it was as deadly as Ebola and had the capacity to spread like the flu then it would merit the kind of fear we are currently seeing. I would encourage everybody to check out the statistics on Covid-19 versus common flu. ALL the statistics. You will feel much better afterward. Much of this market craziness will mitigate itself....

Save your breath my friend

The hoards want to be hysterical it gives them meaning and an objective

Lateral thinkers aren't welcome here unless it fits the narrative
Quoting RossEdwards
{quote} Was that Aylward? You have clearly briefed yourself on this. I recognise some of the data you quote.
Yes, indeed. Dr. Aylward.
Quoting Vancarbon
{quote} Save your breath my friend The hoards want to be hysterical it gives them meaning and an objective Lateral thinkers aren't welcome here unless it fits the narrative
Ok save your comment and come back after 6 months with it again. We'll see.
that's the damage Trumps donehe said flus worse

Quoting longfellow
{quote} Media bad. You're a Trumper. Got it.
#doyourownanalysisordietryin
blunt assessment is ridiculous

Quoting Skracor247
{quote} I know everybody is worked up over the new Flu virus. When people realize it is just another strain of flu with a fancy new name they will calm down. I believe hindsight will show most of this is an overreaction. If it was as deadly as Ebola and had the capacity to spread like the flu then it would merit the kind of fear we are currently seeing. I would encourage everybody to check out the statistics on Covid-19 versus common flu. ALL the statistics. You will feel much better afterward. Much of this market craziness will mitigate itself....
#doyourownanalysisordietryin
Us in big trouble
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#doyourownanalysisordietryin
Quoting xjames26
{quote} Ok save your comment and come back after 6 months with it again. We'll see.
https://www.bbc.co.uk/news/world-asia-china-51813876

Like I said . I'll save my breath
containment works ,they shut up shop
there at home
Quoting Vancarbon
{quote} https://www.bbc.co.uk/news/world-asia-china-51813876 Like I said . I'll save my breath
#doyourownanalysisordietryin
New York next ,you have to shut it down, this is the beginning
Italy the entire country now
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#doyourownanalysisordietryin
Italy is not the Worst.
Its just the First..

The economic peril of CV19 is that it creates simultaneously,
both a serious Supply side AND Demand side threat.

Public Heath Services even in developed countries are inadequate to handle
The speed and volume of demand of the very fast infection cycle.


Just a Thought#
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Quoting Vancarbon
{quote} https://www.bbc.co.uk/news/world-asia-china-51813876 Like I said .
I'll save my breath
What an appropriate reaction to a Respiratory Virus epidemic.

Warning: A Dangerous Subversive: 1% of comments CoCed
your health official today contradicting Trump ,btw its 4 times more contagious, do the math on widespread.

"Fauci said COVID-19 is at least 10 times “more lethal” than the seasonal flu, even if the mortality rate drops far below the World Health Organization’s current estimate of 3.4%."

Quoting Skracor247
{quote} I think rational people are not required to take every statement as absolute fact. As it stands this world is not a place where all people agree on all things at all times. I have my views, and my goal is to spread peace at all times. I am not afraid. I stand by my statement. Most of this current economic hullabaloo will mitigate itself.
#doyourownanalysisordietryin
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  • Posted: Mar 10, 2020 11:36am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 32  /  Views: 12,543