Some feel good stuff

We liked the Corona virus silliness and the Cuomo pictures and the FDR press conference. There, that’s enough for today.

3 Responses to “Some feel good stuff”

  1. feeblemind Says:

    A lot of those PL pics are LOL funny.

  2. feeblemind Says:

    Reopen NOW, Here’s how.

    From the article:

    Folks, economic Depressions kill people. They usually kill lots of people, mostly through indirect effects. They threaten the economic vitality necessary to pay for health care, including hospitals. That can kill a lot of people, as just one example we already have anomalous spikes in several areas in suicides above baseline levels, and in a few places the suicides have already killed more than the virus has — and we’ve only been shut down for a couple of weeks. We cannot do this for a month, two months or three. We in fact can’t manage another two weeks; we must stop what we’re doing now and we can stop it without simply sitting back and accepting that huge numbers of people are going to die.

    So here’s the plan:

  3. feeblemind Says:

    Covid-19 Recession Will Be Deeper Than the Great Financial Crisis

    Six Key Points

    Based on recent data and developments, IHS Markit has slashed the US 2020 forecast to a contraction of 5.4%.
    Because of the deep US recession and collapsing oil prices, IHS Markit expects Canada’s economy to contract 3.3% this year, before seeing a modest recovery in 2021.
    Europe, where the number of cases continues to grow rapidly and lockdowns are pervasive, will see some of the worst recessions in the developed world, with 2020 real GDP drops of approximately 4.5% in the eurozone and UK economies. Italy faces a decline of 6% or more. The peak GDP contractions expected in the second quarter of 2020 will far exceed those at the height of the global financial crisis.
    Japan was already in recession, before the pandemic. The postponement of the summer Tokyo Olympics will make the downturn even deeper. IHS Markit expects a real GDP contraction of 2.5% this year and a very weak recovery next year.
    China’s economic activity is expected to have plummeted at a near-double-digit rate in the first quarter. It will then recover sooner than other countries, where the spread of the virus has occurred later. IHS Markit predicts growth of just 2.0% in 2020, followed by a stronger-than-average rebound in 2021, because of its earlier recovery from the pandemic.
    Emerging markets growth will also be hammered. Not only are infection rates rising rapidly in key economies, such as India, but the combination of the deepest global recession since the 1930s, plunging commodity prices, and depreciating currencies (compounding already dangerous debt burdens) will push many of these economies to the breaking point.

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