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RedSpartan

(1,748 posts)
4. There's really nothing the Fed or Trump can do to directly help the economy with this.
Fri Feb 28, 2020, 11:24 AM
Feb 2020

Even if the virus doesn't spread much in the U.S., it's still all over the rest of the world, especially China, which impacts the global supply chain for most economies and, thus, the ability to manufacture things (for production economies) and with that the availability of things to buy (for consumer economies). No amount of tax cuts or lowering interest rates can fix that problem and if the virus isn't brought under control very quickly, that problem will just continue to extend itself. This has the potential to get much worse before it starts getting better.

empedocles

(15,751 posts)
5. This is big. The uninterupted downward streak, ever stronger.
Fri Feb 28, 2020, 11:27 AM
Feb 2020

Significantly, the Shanghai index, which had been holding steadily [and suspiciously], finally broke down with a decisive 3%+ downward move. This is a worldwide move.

[As for Monday, or next week, a bounceback should be expected. However, we have a strong, downward trend which is unlikely to reverse anytime soon. Corona virus, overinflated bubbles in a lot of places, the trump diseases, etc., all point downward for awhile, imo].

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