An appropriate opening might be Percys post:
Message 5506
I've done a lot of reading. I go to different sources and my conclusions regarding the news-at-large are the result of evaluating the truth and liklihood of each story I read.
here are a few recent ones that caught my eye:
Dow's Dive Erases All Gains Under Trump
The coronavirus that causes COVID-19 needed more than three months to infect 100,000 people worldwide, most of them in China. But the number of cases has surged since hitting that milestone earlier this month, with health agencies reporting another 100,000 people becoming infected in just 12 days, the World Health Organization said Friday.
Thus, the obvious trigger for the overdue correction in the markets has been and will continue to be the pandemic. How bad will this be?
The grocery store that I work at often looks like this after a long day:
The economy will take a bigger hit then it did in 2007-2008. It will likely take ten years to get out of this mess.
This last article summarizes the problem:
U.S. Economic Slowdown In Coming Months Expected To Be Worst On Record
quote:
The U.S. economy has never hit the brakes quite like this before.
While the course of the coronavirus pandemic is unpredictable, forecasters are using their economic models and making some educated guesses about just how bad the damage will be. The forecasts are not pretty:
Oxford Economics expects the U.S. economy to shrink at an annual rate of 12% between April and June.
JPMorgan Chase sees a second-quarter contraction of 14%.
Goldman Sachs warns of a jaw-dropping 24%.
By comparison, during the worst quarter of the Great Recession in late 2008, the economy shrank by 8.4%. Quarterly records go only as far back as the 1940s, after the Great Depression.
The only way I know to drive out evil from the country is by the constructive method of filling it with good.Calvin Coolidge
"A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain "
As the fear of God is the beginning of wisdom, so the denial of God is the height of foolishness.-RC Sproul, Essential Truths of the Christian Faith
- You can safely assume that you've created God in your own image when it turns out that God hates all the same people you do. Anne Lamott
Believe those who are seeking the truth. Doubt those who find it.~Andre Gide