The economic impact of the coronavirus. (properties, wages, closing, corporation)

[gwynedd1]

Originally Posted by OpinionExperience

It started in Asia and spread like wildfire because they have "0" human rights and sanitation.

..."well supplied operating bureaucracies" Now that is laughable!

South Korea, Singapore, Taiwan, Hong Kong?



Where is the wild fire?


Even Hong Kong required a 14 day quarantine from main land China. Not Europe though, and they want to take us down with them.


Europe has utterly failed in every possible way.

[gwynedd1]

Originally Posted by RationalExpectations

Taiwan has done the best job at containing the virus. The following article has some details.

https://www.dw.com/en/taiwan-coronavirus/a-52724523

Yes they have. These are the facts.

[RJ312]

Market rally/dead cat bounce today is weak.

[redguard57]

Market up 800 points! Crisis is over!

[RJ312]

Originally Posted by redguard57

Market up 800 points! Crisis is over!

Needs to go up about 8,000 points.

[Lucy_C]

This week was a great buying opportunity at least - stocks on sale!

I drove by my favorite coffee shop this morning. They've closed for time being. I'm hoping they can survive this and still be there when it's all over.

Local churches and hospitals are shutting down services and group meetings in their venues - this will affect a lot of people's mental health. (understanding that it's and attempt to protect their physical health)

Local stores are 100% out of toilet paper and hand soap.

[suzy_q2010]

Originally Posted by Lucy_C

This week was a great buying opportunity at least - stocks on sale!

I drove by my favorite coffee shop this morning. They've closed for time being. I'm hoping they can survive this and still be there when it's all over.

Local churches and hospitals are shutting down services and group meetings in their venues - this will affect a lot of people's mental health. (understanding that it's and attempt to protect their physical health)

Local stores are 100% out of toilet paper and hand soap.

Churches should stream their services. It is not hard to do these days.

[wac_432]

70% of the us gdp is consumer spending. Cars, furniture, fuel, food, vacations, education, etc.

That has come to a screeching halt due to covid-19.

For reference, the 2008 financial crisis was the result of a dip in the housing market. It makes up 16% of the us gdp.

[Returning2USA]

Originally Posted by wac_432

70% of the us gdp is consumer spending. Cars, furniture, fuel, food, vacations, education, etc.

That has come to a screeching halt due to covid-19.

For reference, the 2008 financial crisis was the result of a dip in the housing market. It makes up 16% of the us gdp.

Ouch.

[Hoonose]

Very optimistic, but potentially a good sign:

https://www.bbc.com/news/technology-51870725