lol. "can't hoard cash... if it's physically difficult to hoard cash". taps temple, smiles, nods
What fraction of the credit union assets can the NCUA back up with cashmoney, in the event of mass withdrawals?
The $2 tril bailout making the rounds is nuts. That's on top of QE, some form of which might go on for a loooooong time, right?
Still can't believe we haven't subsidized medical equipment production, emergency hospital construction, and training of personnel. I don't really give a shit how the needs are met, but whatever's not transpiring right now is making me very, very upset. If invoking wartime production legal precedent is required, do it.
In math-speak, the growth rate of the exponential (the number "b" in the function f(a, b, x) = a*(b)^x) has increased over the last two weeks in confirmed cases of American covid. This is almost certainly because we were not testing enough, and the number of confirmed cases is probably still not yet reflecting even 50% of actual cases, perhaps. Instead of just seeing roughly exponential growth over time, the more we test for it, the more we find cofvefe-19, and we're finally on the brink of 100k+ tests a day in the US. There is still perhaps hope of containment, but if America gets "re-opened for business" on April 12th, that's no bueno. Much too soon. It's almost like a staring match with all the rest of the world, though, innit? If we fail to contain covid significantly worse than most developed countries, we may face exile from markets, commerce, travel, etc.
Italy got especially unlucky, I guess. They were either exposed much earlier, or had some super-spreader or widespread exposure, something like that.
Scared for my friends and loved ones. Some, economically, and others, health. :(