Announcement

Collapse
No announcement yet.

Coronavirus and the World's Economy

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Coronavirus and the World's Economy

    But the big powers of the financial world are exhausted from a decade fighting anemic growth since the global financial crisis. The European Central Bank introduced negative interest rates in 2014 and hasn't been able to increase them since, while the Bank of Japan is in a similar position. The US Federal Reserve already cut interest rates three times last year; Chair Jerome Powell has said he's carefully monitoring the situation.

    Meanwhile, debt levels have soared in the United States, Japan and key European countries including Italy, limiting the scope for a big fiscal stimulus if the world economy goes into another tailspin. Global debt, including borrowing by households, governments and companies, has jumped to more than three times the size of the global economy, the highest ratio on record, according to the Institute of International Finance. Also critical is whether governments are able to coordinate their response to the outbreak, ideally with help from multinational institutions. This is especially true because, according to the World Bank, preparedness for a potential pandemic is low. But coordination may prove difficult in a increasingly fractured world where nationalism is often prized over cooperation.


    https://www.cnn.com/2020/02/08/busin...omy/index.html

    Raise your hand if you want Donald Trump at the wheel when this **** hits the fan.

  • #2
    Originally posted by Rohirrim View Post

    Raise your hand if you want Donald Trump at the wheel when this **** hits the fan.
    President Game Show Host will claim "only I can fix it," and his lemming supporters will be satisfied.

    Comment


    • #3
      Originally posted by L.A. BRONCOS FAN View Post

      President Game Show Host will claim "only I can fix it," and his lemming supporters will be satisfied.
      That pos will run for cover, weeping and wailing, looking for a daddy to bail him out.

      Comment


      • #4
        USB is predicting growth for 0 to less then 1% in the first qtr due to economic conditions and the coronavirus.

        Comment


        • #5
          Key sentence: Global debt, including borrowing by households, governments and companies, has jumped to more than three times the size of the global economy, the highest ratio on record, according to the Institute of International Finance.

          Comment


          • #6
            And then there's this: How Big Is the Derivatives Market? The derivatives market is, in a word, gigantic – often estimated at more than $1.2 quadrillion on the high end.

            Comment


            • #7
              .
              Attached Files

              Comment


              • #8
                I say we load up ships full of anti-vaxxers and send them over to China to help.

                Comment


                • #9
                  Formidable challenges lie ahead. Conflict with Iran could escalate into a shooting war, depending on whether Tehran retaliates further for Trump’s killing of General Qassem Soleimani. The coronavirus outbreak has spread beyond China and poses unknown risks. Trump is confronting such potential crises with a hollowed-out government. A recent analysis by the Brookings Institution reported a “cascade of departures” at the White House’s National Security Council, whose purview includes the coronavirus, the Iran conflict, and every other threat to the nation’s security.

                  http://on.theatln.tc/aeDS2tX

                  Comment


                  • #10
                    Originally posted by L.A. BRONCOS FAN View Post
                    Formidable challenges lie ahead. Conflict with Iran could escalate into a shooting war, depending on whether Tehran retaliates further for Trump’s killing of General Qassem Soleimani. The coronavirus outbreak has spread beyond China and poses unknown risks. Trump is confronting such potential crises with a hollowed-out government. A recent analysis by the Brookings Institution reported a “cascade of departures” at the White House’s National Security Council, whose purview includes the coronavirus, the Iran conflict, and every other threat to the nation’s security.

                    http://on.theatln.tc/aeDS2tX
                    His cult has no idea how badly Trump has ****ed this country up. But they're going to find out.

                    Comment


                    • #11
                      This is some weird news when NK cancels a parade:

                      Kim Jong Un canceled a big parade with no real explanation just as the South Korean press reports coronavirus has hit North Korea hard and could explode there. https://www.thedailybeast.com/north-...scary?ref=home

                      Comment


                      • #12
                        Originally posted by Rohirrim View Post
                        This is some weird news when NK cancels a parade:

                        Kim Jong Un canceled a big parade with no real explanation just as the South Korean press reports coronavirus has hit North Korea hard and could explode there. https://www.thedailybeast.com/north-...scary?ref=home
                        And all of a sudden the Donald does NOT want another "summit" with the korean murderer that ate his lunch and taught/showed him up to be a dotard at the last two meetings. A very stable genius Indeed....

                        Comment


                        • #13
                          The most reliable tracking site:

                          https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6

                          Comment


                          • #14

                            Pay attention. This will not “end with warm weather in April” as president numbnuts proclaimed.

                            - The coronavirus epidemic could spread to about two-thirds of the world’s population if it cannot be controlled, according to Hong Kong’s leading public health epidemiologist...




                            Coronavirus 'could infect 60% of global population if unchecked'










                            Comment


                            • #15
                              This is interesting:

                              An American biotech company says it created a coronavirus vaccine three hours after getting access to the virus' genetic sequence in mid-January, and now scientists are racing to get the vaccine on the market in record time.

                              Inovio Pharmaceuticals is based in Pennsylvania, but scientists in its laboratory in San Diego made the discovery.

                              NEW CORONAVIRUS CASES SOAR, DEATHS RISE

                              "We were able to rapidly construct our vaccine in a matter of about three hours once we had the DNA sequence from the virus available because of the power of our DNA medicine platform," Dr. J. Joseph Kim, Inovio's president and CEO, told FOX Business. "Our goal is to start phase one human testing in the U.S. early this summer."

                              https://www.foxbusiness.com/technolo...accine-3-hours

                              Comment

                              Working...
                              X