[winflop]

I don’t disagree. I have a feeling that a TARP-like bailout will be needed (and will pass).  On the plus side, interest rates are virtually zero, so a package that’s 5% of GDP ($1 trillion) can probably pass without hurting long term fiscal stability much. On the other hand, I wish we didn’t have trillion dollar deficits going into this.  I guess the good news is that we can finally make infrastructure week a thing.

BC

This just in...New York's manufacturing index is down 34 points to -21.5, its lowest level since 2009's crisis.  Outlook for the months ahead also collapsed.  Firms no longer expect beneral business conditions to be better over the next six months.  The index for future business conditions declined 22 points to 1.2, also the lowest level since 2009.

This is a country that is in economic freefall, of our own making.

And it will be this way going forward until we get our arms around just how big the problem is, and start seeing a levelling off/decline of positive tests. When there is uncertainty, business plan for the worst and hope for the best.

I personally don't expect to see conditions last for that long, but the next couple months are gonna be Hell.

[winflop]

I don’t disagree. I have a feeling that a TARP-like bailout will be needed (and will pass).  On the plus side, interest rates are virtually zero, so a package that’s 5% of GDP ($1 trillion) can probably pass without hurting long term fiscal stability much. On the other hand, I wish we didn’t have trillion dollar deficits going into this.  I guess the good news is that we can finally make infrastructure week a thing.

BC

This just in...New York's manufacturing index is down 34 points to -21.5, its lowest level since 2009's crisis.  Outlook for the months ahead also collapsed.  Firms no longer expect beneral business conditions to be better over the next six months.  The index for future business conditions declined 22 points to 1.2, also the lowest level since 2009.

This is a country that is in economic freefall, of our own making.

And it will be this way going forward until we get our arms around just how big the problem is, and start seeing a levelling off/decline of positive tests. When there is uncertainty, business plan for the worst and hope for the best.

I personally don't expect to see conditions last for that long, but the next couple months are gonna be Hell.