1/ I'm an optimist and have no doubt we'll get through this.
But without question, the seriousness of #covid19/#coronavirus is unmistakable. In just the last 24 hours alone it has shown an extraordinary degree of downstream collateral ramifications both economic and supply line.
But without question, the seriousness of #covid19/#coronavirus is unmistakable. In just the last 24 hours alone it has shown an extraordinary degree of downstream collateral ramifications both economic and supply line.
2/ Both US and UK markets suffered their worst day since 2008. The @DowJones plunged more than 2,000 to lose 7.79%.
For those who know to watch for it, the Fed is increasing its repurchase agreements (repo) to a whopping $150 billion.
For those who know to watch for it, the Fed is increasing its repurchase agreements (repo) to a whopping $150 billion.
3/ Italy just now extended its lockdown to the entire country.
"The decree provides for banning all public events, closing cinemas, theatres, gyms, discos and pubs, funerals, weddings and all sport events... All schools and universities [closed to apr 3]
news.sky.com/story/coronavi…
"The decree provides for banning all public events, closing cinemas, theatres, gyms, discos and pubs, funerals, weddings and all sport events... All schools and universities [closed to apr 3]
news.sky.com/story/coronavi…
4/ Also- "Israel will force anyone arriving in the country, from any part of the world, to self-isolate for at least 14 days, The prime minister ... has announced. The government has so far imposed some of the most stringent rules globally to block the spread of the virus."
5/ Everything I listed above has happened *just today*.
And again, I'm an optimist. I think we're going to find a way to pull through this. But I'm also a realist.
While panic won't do anyone any good, I think we should all have a healthy level of concern right now.
And again, I'm an optimist. I think we're going to find a way to pull through this. But I'm also a realist.
While panic won't do anyone any good, I think we should all have a healthy level of concern right now.
6/ A critical issue in the US at this moment is clearly our lack of testing capacity for the virus, which I'm to understand is ramping up rapidly. As I've said many times in my presentations: "If you can't measure it, you can't manage it."
7/ And FWIW, I anxiously predict once fully up and testing at a wider scale, we're going to find infection rate in the thousands for the US (at a minimum), which may catch many by surprise.
8/ Which is part of my purpose for this thread.
Don't just wash your hands, get educated on this event so you can be one of the "cooler heads" we need to prevail.
Maybe it gets better soon, maybe it doesn't. But it helps every family to have at least one member staying informed
Don't just wash your hands, get educated on this event so you can be one of the "cooler heads" we need to prevail.
Maybe it gets better soon, maybe it doesn't. But it helps every family to have at least one member staying informed
9/ I'd certainly love for this thread to turn out as over-the-top with its concern and that today just happened to be the worst day of this situation with everything getting rosier from here... but I definitely doubt that.
Stay safe, my friends.
Stay safe, my friends.
