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Re: I Am Not Panicking

Posted by bingbong on Tue Mar 17 14:21:34 2020, in response to Re: I Am Not Panicking, posted by ChicagoMotorman on Tue Mar 17 12:53:29 2020.

You and your observers are clearly ignoring the truth.

The coronavirus crisis was ignored for too long by an “administration” that previously shut down the offices across the executive branch that was best prepared to handle it. That alone put more lives at risk than would have been otherwise.

Although much of the current instability in the markets is a result of the virus, there remain several serious fundamentals, such as problems in the bond market, that are intensified it and will remain issues after this epidemic passes.

Those will exist no matter who gets elected in November if nothing is done, and the new administration will have to act as needed next year. Hopefully they won’t do too much harm until then.

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