[ExI] Does the Pope have Corvid-19?
interzone at gmail.com
Sat Feb 29 20:51:06 UTC 2020
The WHO was very slow on the trigger, arguably due to Chinese pressure.
The US and Australia were the only two countries to cut Chinese travel
early on, likely due to the WHO dragging their feet.
On Fri, Feb 28, 2020, 2:13 PM John Clark via extropy-chat <
extropy-chat at lists.extropy.org> wrote:
> Meanwhile the World Health Organization, which unlike all US government
> agencies doesn't need clearance from Mike Pence before they can say
> something on this subject, has just raised the global risk factor the new
> coronavirus poses from "high" to “very high”.
The Fed (and other central banks) have other tools beyond interest rates.
Talk of cuts is cheap. A coordinated surprise central bank intervention
will certainly goose markets short term.
It is of course causing a host of other problems and unexpected second
order effects to have sustained low interest rates but that's another
The head of the Federal Reserve Bank of St. Louis said because of the
> virus interest rate cuts will probably be necessary; normally talk like
> that would cheer up the stock market but not this time, probably because
> its well known that rates are already so low there is little the Federal
> Reserve can do to effect the economy, they've already used up most of
> their ammunition.
> John K Clark
> extropy-chat mailing list
> extropy-chat at lists.extropy.org
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