Italy - serious problem

If schools are shutdown it explains the bog roll panic buying.

A load of teenagers stuck at home with nothing but the internet means only one thing...

If we go full lockdown the government will have to freeze rents, mortgages bills etc, otherwise we’ll have millions homeless within 1-3 months. Most average families don’t have savings to pay for extended periods of no or reduced income and pay bills, rent, mortgages food . If they don’t, once this is all over it’ll take ages for things to get back to normal again

Comment Deleted by Site Moderator

comment by A Catalyst For Change (U7080)
posted 22 minutes ago
If we go full lockdown the government will have to freeze rents, mortgages bills etc, otherwise we’ll have millions homeless within 1-3 months. Most average families don’t have savings to pay for extended periods of no or reduced income and pay bills, rent, mortgages food . If they don’t, once this is all over it’ll take ages for things to get back to normal again
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US has lowered the interest rate to 0-0.25 today

comment by Cinciwolf----JA606 NFL Fantasy Champion 2019----No Emotional Attachments....five long years (U11551)
posted 19 minutes ago
comment by A Catalyst For Change (U7080)
posted 22 minutes ago
If we go full lockdown the government will have to freeze rents, mortgages bills etc, otherwise we’ll have millions homeless within 1-3 months. Most average families don’t have savings to pay for extended periods of no or reduced income and pay bills, rent, mortgages food . If they don’t, once this is all over it’ll take ages for things to get back to normal again
----------------------------------------------------------------------

US has lowered the interest rate to 0-0.25 today
----------------------------------------------------------------------
I like the fact the US makes these announcements on a Sunday that allows the markets to react on Monday.

comment by A Catalyst For Change (U7080)
posted 6 hours, 59 minutes ago
If we go full lockdown the government will have to freeze rents, mortgages bills etc, otherwise we’ll have millions homeless within 1-3 months. Most average families don’t have savings to pay for extended periods of no or reduced income and pay bills, rent, mortgages food . If they don’t, once this is all over it’ll take ages for things to get back to normal again
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Yeah, was thinking this myself. It would need the government to enforce it though, as there’s no way financial institutions will do it voluntarily. It will then need another bail out, because these institutions will be hit very hard and go to the wall themselves. Basically, we’ll be in another recession.....

comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 6 hours, 47 minutes ago
comment by Cinciwolf----JA606 NFL Fantasy Champion 2019----No Emotional Attachments....five long years (U11551)
posted 19 minutes ago
comment by A Catalyst For Change (U7080)
posted 22 minutes ago
If we go full lockdown the government will have to freeze rents, mortgages bills etc, otherwise we’ll have millions homeless within 1-3 months. Most average families don’t have savings to pay for extended periods of no or reduced income and pay bills, rent, mortgages food . If they don’t, once this is all over it’ll take ages for things to get back to normal again
----------------------------------------------------------------------

US has lowered the interest rate to 0-0.25 today
----------------------------------------------------------------------
I like the fact the US makes these announcements on a Sunday that allows the markets to react on Monday.
----------------------------------------------------------------------
It was a stupid decision by Trump's yes man, Powell. it was only done to try and boost the stock market, no economic basis behind it and US futures are currently down 5%.

You don't solve a supply side problem by cutting rates. Would have been far more effective in a few months once we're in a recession and people can go out and spend again. Now, the Fed have used up their main tool.

comment by Everywhere you go always take Lamela with you. (U7905)
posted 5 minutes ago
comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 6 hours, 47 minutes ago
comment by Cinciwolf----JA606 NFL Fantasy Champion 2019----No Emotional Attachments....five long years (U11551)
posted 19 minutes ago
comment by A Catalyst For Change (U7080)
posted 22 minutes ago
If we go full lockdown the government will have to freeze rents, mortgages bills etc, otherwise we’ll have millions homeless within 1-3 months. Most average families don’t have savings to pay for extended periods of no or reduced income and pay bills, rent, mortgages food . If they don’t, once this is all over it’ll take ages for things to get back to normal again
----------------------------------------------------------------------

US has lowered the interest rate to 0-0.25 today
----------------------------------------------------------------------
I like the fact the US makes these announcements on a Sunday that allows the markets to react on Monday.
----------------------------------------------------------------------
It was a stupid decision by Trump's yes man, Powell. it was only done to try and boost the stock market, no economic basis behind it and US futures are currently down 5%.

You don't solve a supply side problem by cutting rates. Would have been far more effective in a few months once we're in a recession and people can go out and spend again. Now, the Fed have used up their main tool.
----------------------------------------------------------------------
As we all know, it’s all about the headlines with Trump though.....

comment by Everywhere you go always take Lamela with you. (U7905)
posted 6 hours, 13 minutes ago
comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 6 hours, 47 minutes ago
comment by Cinciwolf----JA606 NFL Fantasy Champion 2019----No Emotional Attachments....five long years (U11551)
posted 19 minutes ago
comment by A Catalyst For Change (U7080)
posted 22 minutes ago
If we go full lockdown the government will have to freeze rents, mortgages bills etc, otherwise we’ll have millions homeless within 1-3 months. Most average families don’t have savings to pay for extended periods of no or reduced income and pay bills, rent, mortgages food . If they don’t, once this is all over it’ll take ages for things to get back to normal again
----------------------------------------------------------------------

US has lowered the interest rate to 0-0.25 today
----------------------------------------------------------------------
I like the fact the US makes these announcements on a Sunday that allows the markets to react on Monday.
----------------------------------------------------------------------
It was a stupid decision by Trump's yes man, Powell. it was only done to try and boost the stock market, no economic basis behind it and US futures are currently down 5%.

You don't solve a supply side problem by cutting rates. Would have been far more effective in a few months once we're in a recession and people can go out and spend again. Now, the Fed have used up their main tool.
----------------------------------------------------------------------
True, the rate cut is basically the move of a Poundland economist armed only with the circular flow of income model.

Cut interest rates = money moving to futures.

Erm not when there's no demand for the products themselves. Who wants to invest in companies who will be losing sales and thereby losing money. You're just burning the money which means there is less available for other things.

comment by Everywhere you go always take Lamela with you. (U7905)
posted 8 hours, 15 minutes ago
comment by Redinthehead - FreeGaza - فلسطين (U1860)
posted 6 hours, 47 minutes ago
comment by Cinciwolf----JA606 NFL Fantasy Champion 2019----No Emotional Attachments....five long years (U11551)
posted 19 minutes ago
comment by A Catalyst For Change (U7080)
posted 22 minutes ago
If we go full lockdown the government will have to freeze rents, mortgages bills etc, otherwise we’ll have millions homeless within 1-3 months. Most average families don’t have savings to pay for extended periods of no or reduced income and pay bills, rent, mortgages food . If they don’t, once this is all over it’ll take ages for things to get back to normal again
----------------------------------------------------------------------

US has lowered the interest rate to 0-0.25 today
----------------------------------------------------------------------
I like the fact the US makes these announcements on a Sunday that allows the markets to react on Monday.
----------------------------------------------------------------------
It was a stupid decision by Trump's yes man, Powell. it was only done to try and boost the stock market, no economic basis behind it and US futures are currently down 5%.

You don't solve a supply side problem by cutting rates. Would have been far more effective in a few months once we're in a recession and people can go out and spend again. Now, the Fed have used up their main tool.
----------------------------------------------------------------------
I thought their main tool was in the Oval Office