[BostonCard]

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.

Not sure what you mean by "of our own making".  It's not like there isn't a virus out there with a mortality of 1 - 3% that if left to its own devices would infect something like 200 to 300 million Americans (and therefore kill between 1 and 10 million Americans).

BC

[BostonCard]

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.

Not sure what you mean by "of our own making".  It's not like there isn't a virus out there with a mortality of 1 - 3% that if left to its own devices would infect something like 200 to 300 million Americans (and therefore kill between 1 and 10 million Americans).

BC