Today, our prime minister announced that the partial lockdown will continue for two weeks more, until April 13th. Wouldn’t exactly say I was surprised or didn’t see it coming. People are taking it serious now, as most have seen what effect the virus has on other parts of the world.
Speaking of the world. The USA is currently a mess. NYC have over 15K confirmed cases and is considered one of the worst hit states over there. 15K confirmed cases. That means the real number is way, way, way higher. The Federal Reserve also announced they would do unlimited asset purchases, removing their previously announced limit of 700 billion dollars. 700.000.000.000 dollars wasn’t enough to calm the market. So they threw down the gauntlet and said “fuck it, we’ll just buy it all. Whatever it takes”. The quintessential all in. It’s serious business now. Balls to walls aggressive.
Here’s just to hoping the market calms down for a while, but that probably won’t happen. As the US realizes what mess they’re in, it’s going to get nasty. A lot of people are going to lose their jobs and their economy will tank.
And I’m just sitting here, thinking of buying a house and can see the rates just go up and up and up. Will probably have to postpone that idea for a while. I’m just thinking: If the rates can go up that fast, they can also go down at the same speed. But there’s probably some wise-ass economic dude in a fancy suit who says “nah mate, that’s not how it works”. And I’m like “dude, just lend me some money at a reasonable rate, it’s not that hard”. But apparently it is, otherwise shit like this would have been figured out ages ago. Financial meltdown incoming. I’m giving it two weeks, tops. Then we’re going to see the US in full panic mode and then the stocks will tank.
This is part of a series of posts I’ve written about the Corona virus and how it have impacted our society. Equal parts news, observations and thoughts. See the rest of the posts here.