CBH1926

Coronavirus outbreak

Recommended Posts

2 minutes ago, Jester13 said:

And what exactly kind of person am I that Tim Horton's loves? 

 

Listen, people of all industry and backgrounds will experience some unpaid time off from their employer, which is is why they - potentially my wife included - will have to go through EI to recoup some of their losses, which is exactly what another poster has said to you. 

 

Tim Horton's is in the process of doing their part. Maybe just give it longer than a couple of days to work out, as they just said publicly yesterday that they're working with 1500 franchises. 

 

This instant callout gratification reminds me of UVic students petitioning for classes to be cancelled as soon as things started getting real bad, and they cried foul before the university even had a chance to respond accordingly.

 

Top-level concern and action takes longer than it does to click Tweet. 

Uvic students whined over the bunny cull.  

  • Haha 1

Share this post


Link to post
Share on other sites
19 minutes ago, Petey40 said:

I suppose this wasn’t the greatest time to start watching the Netflix original Pandemic but here we are..

I re watched Contagion last night lol. Apparently it is trending big right now.

  • Hydration 1
  • Confused 1

Share this post


Link to post
Share on other sites
12 minutes ago, Kanukfanatic said:

I re watched Contagion last night lol. Apparently it is trending big right now.

If aliens invaded we would all stay home and watch Independence Day 

  • Haha 2

Share this post


Link to post
Share on other sites
13 minutes ago, Kanukfanatic said:

I re watched Contagion last night lol. Apparently it is trending big right now.

You should watch the movie [REC] as well for a bit of a horror fix

 

Its Spanish but I think there is an American version called Quarantine but I have not watched that version so I cant vouch for it.

  • Hydration 1

Share this post


Link to post
Share on other sites
5 hours ago, Ossi Vaananen said:

Plenty of humor out there:

 

But sure, take the high road and make a statement no one is going to disagree with. That'll save face for a lack of reading comprehension. 

You must be fun at parties

Share this post


Link to post
Share on other sites

This is all bloomin crazy stuff! I'm self employed doing specialist deliveries to clients homes. I cannot not work. I've got money set aside to pay my taxes but if I have to dip into that then I'll be short when HMRC comes knocking. What's a bloke to do? I honestly believe that the true long term effects of this will financial - no disrespect intended to those who suffer or lose loved ones to this illness.

Share this post


Link to post
Share on other sites
18 minutes ago, Alflives said:

Uvic students whined over the bunny cull.  

It's getting worse each year, it seems. Call-out culture is a real phenomenon, but at least it makes them feel better about themselves :huh:

Share this post


Link to post
Share on other sites
2 hours ago, totallyserious2233 said:

Is anybody else low-key routing for the virus? I could use some time off.

8 billion people on this planet, I like maybe 11.

 

After watching what happened in stores this week with mass panic buying and how people were literally fighting for scraps of comfort

 

I am actually rooting for this virus more than I thought I would be

  • Hydration 1

Share this post


Link to post
Share on other sites
7 minutes ago, Fan since 82 said:

This is all bloomin crazy stuff! I'm self employed doing specialist deliveries to clients homes. I cannot not work. I've got money set aside to pay my taxes but if I have to dip into that then I'll be short when HMRC comes knocking. What's a bloke to do? I honestly believe that the true long term effects of this will financial - no disrespect intended to those who suffer or lose loved ones to this illness.

Many people will be in your situation. My wife gets zero sick time so if she had to self isolate it will affect us.

  • Thanks 1

Share this post


Link to post
Share on other sites
1 hour ago, nuckin_futz said:

Federal Reserve acts on a Sunday evening to slash rates to near zero

Sun 15 Mar 2020 21:01:02 GMT

 

Federal Open Market Committee 

  • cut interest rates for the second time in less than two weeks
  • emergency move
  • "The effects of the coronavirus will weigh on economic activity in the near term and pose risks to the economic outlook. In light of these developments, the Committee decided to lower the target range
  • The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals"
 
***********************
 
Headlines via Reuters:
  • fed cuts interest rates to near zero in response to coronavirus crisis, risks to economic outlook
  • says expects target interest rate will remain in range of 0 and 0.25% until economy has "weathered recent events" and is on track to meet inflation and employment goals
  • says crisis has "harmed communities and disrupted economic activity" in u.s. and other countries, will weigh on activity in the near term
  • says will use "full range of tools" to support economy, will expand holdings of treasury securities by $500 bln and mortgage backed securities by $200 bln in coming months
  • vote on policy action was 9 to 1, with Cleveland fed president Loretta Mester preferring a smaller interest rate cut
  • Fed announces coordinated action with bank of Canada, bank of England, bank of Japan, European central bank and Swiss national bank
  • Fed says six global central banks have agreed to lower pricing on u.s. dollar liquidity swap arrangements by 25 bps
  • says changes to central bank swap lines will take effect week of march 16
  • Fed and other global central banks will begin offering u.s. dollar liquidity in each jurisdiction with 84-day maturity
  • Fed says it will lower the primary credit rate by 150 basis points to 0.25 percent, effective march 16
  • Fed says it supports firms that choose to use their capital and liquidity buffers to lend and undertake other supportive actions in a safe and sound manner
  • says that depository institutions may borrow from the discount window for periods as long as 90 days, prepayable and renewable by the borrower on a daily basis
  • says reducing reserve requirement ratios to zero percent effective on march 26
  • says encourages depository institutions to utilize intraday credit extended by reserve banks, on both a collateralized and uncollateralized basis
 
Absolutely massive movement. Announcing this 1 hr before futures markets open. lol

You 100% know between this and his comments about demotion of the head of the fed that this is literally only inflating a dead balloon

 

They're going to literally flood the market and multi billion dollar corporations with money, those businesses will still be laying people off during this issue who will then be scraping buy on half wages from the government 

 

This is going to get really really ugly over the next 10 business days

  • Thanks 2

Share this post


Link to post
Share on other sites
1 minute ago, guntrix said:

I see the bad taste comments have come out in full glory. 

Cdc ain't going to stop cdcing because of a flu man.

  • Hydration 1

Share this post


Link to post
Share on other sites
2 minutes ago, Warhippy said:

You 100% know between this and his comments about demotion of the head of the fed that this is literally only inflating a dead balloon

 

They're going to literally flood the market and multi billion dollar corporations with money, those businesses will still be laying people off during this issue who will then be scraping buy on half wages from the government 

 

This is going to get really really ugly over the next 10 business days

Haven't see this type of Fed action in 12 years. To be honest I have no idea how to price any of this in. Seeing things I didn't even see in 2008.

 

Like I posted in the investment thread. They have to bail out the little guys too. The moral hazard of not doing so this time won't fly. If not they risk a further divide between the rich and the poor and risk a class war.

 

Unprecedented times. Getcha popcorn (just don't hoard it so we can all have some).

Share this post


Link to post
Share on other sites
1 hour ago, Jimmy McGill said:

 

It also shows that we don't need some guy 'at the top' like a Trump or Trudeau to get us through either, thank god. We can trust in the health systems we have and luck for us we have them as the last thing I'd want is for any of the fools we have running countries to make decisions. In fact, when you look at the things guys like Trump have done its just made things worse. 

 

 

i think the issue is more

trump is getting in the way

with his lies and misinformation

and politicizing this issue

 

he needs to step out of the way and say nothing

let the experts lead

but he cannot help himself

i have heard next to nothing from jt = and that is the way it should be

 

 

  • Upvote 1

Share this post


Link to post
Share on other sites
10 minutes ago, nuckin_futz said:

Haven't see this type of Fed action in 12 years. To be honest I have no idea how to price any of this in. Seeing things I didn't even see in 2008.

 

Like I posted in the investment thread. They have to bail out the little guys too. The moral hazard of not doing so this time won't fly. If not they risk a further divide between the rich and the poor and risk a class war.

 

Unprecedented times. Getcha popcorn (just don't hoard it so we can all have some).

Markets opened 26 minutes ago across the pond

 

https://liveindex.org/futures/

 

https://liveindex.org/currencies/

 

https://liveindex.org/commodities/

 

Yikes

  • Thanks 1

Share this post


Link to post
Share on other sites
27 minutes ago, Fan since 82 said:

This is all bloomin crazy stuff! I'm self employed doing specialist deliveries to clients homes. I cannot not work. I've got money set aside to pay my taxes but if I have to dip into that then I'll be short when HMRC comes knocking. What's a bloke to do? I honestly believe that the true long term effects of this will financial - no disrespect intended to those who suffer or lose loved ones to this illness.

Deliver groceries for people.

  • Hydration 1
  • Upvote 1

Share this post


Link to post
Share on other sites
5 minutes ago, Warhippy said:

Markets opened 26 minutes ago across the pond

 

https://liveindex.org/futures/

 

https://liveindex.org/currencies/

 

https://liveindex.org/commodities/

 

Yikes

Not across the pond. Those are US futures markets.

 

The markets response at least for now appears to be "is that all ya got?".

 

This quote from a market heavyweight "Countries are closing around the world, and the leader of the free world is an egotistical cu*t. We're effed". Kinda sums up the market's response. Yikes.

  • Haha 2

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   1 member