The P&R Plague Thread (Covid-19)

funhusker said:
I long for the day that politicians, local and federal, stop posting "sarcastic" posts to their social media.  The statement released by her office was "okay".  Why not put that out instead and not look like a s#!tty person???
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Trump has set a good example...no?

 
funhusker said:
Probably my biggest gripe with him.

Not that I'm okay with a childish president, but it would be so much better if he at least didn't flaunt it!
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The Fed cuts interest rates --  Govt in panic mode??

As a result of the cut - the market is now down over 600 789 pts.  That is real leadership for you.  It is telling the market there is something to fear here. 

https://www.cnn.com/2020/03/03/investing/federal-reserve-interest-rate-cut-coronavirus-emergency/index.html


The stock market -- and President Trump -- really wanted the Federal Reserve to cut interest rates as soon as possible because of concerns about coronavirus. Everybody got their wish.
The Fed blinked Tuesday morning, slashing interest rates by a half of a percentage point in an emergency rate cut.

The timing of the cut is a bit surprising considering that Fed chair Jerome Powell and US Treasury Secretary Steven Mnuchin said just a few hours earlier the US and other G7 nations were prepared to take action but stopped short of saying something was imminent. And the Fed has a regularly scheduled policy meeting in just a little more than two weeks.
But experts said Tuesday that the Fed had to act now. It was the only way to reassure investors the central bank was taking the threat seriously.
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TGHusker said:
The Fed cuts interest rates --  Govt in panic mode??

As a result of the cut - the market is now down over 600 pts.  That is real leadership for you.  It is telling the market there is something to fear here. 

https://www.cnn.com/2020/03/03/investing/federal-reserve-interest-rate-cut-coronavirus-emergency/index.html



 
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And wait until we hit the material shortage from Asia due to them shutting down manufacturing plants.   The worst is still to come with this virus in terms of the economy.

 
sho said:
And wait until we hit the material shortage from Asia due to them shutting down manufacturing plants.   The worst is still to come with this virus in terms of the economy.
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Yep,  The fed cuts typically help the demand side  but that doesn't help much in this situation because it is the supply side that is tied up. 

We had a large customer who sent out a request for us (and other suppliers/manufacturers too I assume) to confirm that none of our parts & castings are coming from China. 

 
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