The Latest:
“Italy expands lockdown to entire country”https://abcnews.go...sed-north-69492561***
“The head of the Port Authority of New York and New Jersey, Rick Cotton, tested positive.”https://nypost.com...n-has-coronavirus/***
“Trump had contact with congressmen Collins and Gaetz before they self-quarantined over coronavirus concerns“https://www.cnbc.c...lf-quarantine.html***
“
U.S. markets crater as coronavirus, oil prices trigger brief halt in trading”**
https://www.washin...6ZA5VOAVGKPIN2EQ24 **I looked into this last one a little because I was curious how and when the government could step in and freeze an entire stock market. Basically;
“[. . .] The [fail safe] system is meant to stop stocks in free-fall when they threaten to “exhaust market liquidity,” according to the NYSE.
Circuit breaker rules, [. . .] stipulate that a single-day, 7 percent decline in the Standard & Poor’s 500 index triggers a forced 15-minute halt on trading. [. . .] A 20 percent decline would close markets for the day.”
(quote clipped for brevity)***
I’m usually pretty pragmatic when it comes to extremes and conspiracies don’t impress me. I don’t think Armageddon is around the corner, but it’s become pretty apparent that this isn’t going to simply, “blow over” any time soon.
It’s going to get worse before it gets better.