03-12-2020, 09:48 AM
kander - The top gets socialism protection. the rest of the slaves must fend for themselves.
Free marketers call central banks socialist, while socialists call them fictional capital. They are creatures unto themselves, but when they are pumping 1.5 trillion into the markets, and talking about dropping to zero interest rates, it remains to be seen if they're going to be enough this time.
https://thehill.com/policy/finance/48727...oronavirus
At least until the National Guard steps in.
And the Individual Ready Reserve... lots of pieces in motion.
https://twitter.com/codeofvets/status/12...2562591744
https://www.staradvertiser.com/2020/03/1...on-hawaii/
"The University of Hawaii Economic Research Organization issued a report this week that predicted that the coronavirus scare would cause visitor arrivals to decline by more than 7% this year, and more than 6,000 jobs in Hawaii will be wiped out before the economy begins to bounce back.
By comparison, the Sept. 11, 2001, attacks caused visitor arrivals to decline by 9.3 percent in 2001, and the onset of the Great Recession caused a 10.4 percent decline in visitor arrivals in 2008.
But University of Hawaii Professor of Economics Carl Bonham said this morning it is now clear the UHERO’s projections earlier this week were too optimistic.
“How long this goes on, really, no one knows. The uncertainty is just enormous,” Bonham told the committee. With stock markets tanking today, “it looks like job losses of 1.5%, it looks like a recession for Hawaii, it looks like a recession for the U.S.”"
Free marketers call central banks socialist, while socialists call them fictional capital. They are creatures unto themselves, but when they are pumping 1.5 trillion into the markets, and talking about dropping to zero interest rates, it remains to be seen if they're going to be enough this time.
https://thehill.com/policy/finance/48727...oronavirus
At least until the National Guard steps in.
And the Individual Ready Reserve... lots of pieces in motion.
https://twitter.com/codeofvets/status/12...2562591744
https://www.staradvertiser.com/2020/03/1...on-hawaii/
"The University of Hawaii Economic Research Organization issued a report this week that predicted that the coronavirus scare would cause visitor arrivals to decline by more than 7% this year, and more than 6,000 jobs in Hawaii will be wiped out before the economy begins to bounce back.
By comparison, the Sept. 11, 2001, attacks caused visitor arrivals to decline by 9.3 percent in 2001, and the onset of the Great Recession caused a 10.4 percent decline in visitor arrivals in 2008.
But University of Hawaii Professor of Economics Carl Bonham said this morning it is now clear the UHERO’s projections earlier this week were too optimistic.
“How long this goes on, really, no one knows. The uncertainty is just enormous,” Bonham told the committee. With stock markets tanking today, “it looks like job losses of 1.5%, it looks like a recession for Hawaii, it looks like a recession for the U.S.”"