Fed cuts half point in emergency move amid spreading virus

Re:Fed cuts half point in emergency move amid spreading virus by capkutay on Tuesday March 03, 2020 @12:16PM (#22476484)

I hate to say I'm 'bullish' about a situation where people will die, but the fact that 80% of cases are mild or asymptomatic bodes well for the working economy. conferences, travel, and tourism will take a huge hit, but I don't see other industries being significantly hurt.

if this was more like SARS with a 10% IFR, with equally high mortality rates among young people, then I would be very worried. But this virus seems to be the opposite. most factory workers fit in that cohort of people in that the virus effects the least so I don't see supply chains suffering.

[ Parent | on HN ]

Re:Fed cuts half point in emergency move amid spreading virus by danenania on Tuesday March 03, 2020 @12:28PM (#22476621)

"most factory workers fit in that cohort of people in that the virus effects the least so I don't see supply chains suffering."

I think supply chains are more affected by government attempts to contain the virus (quarantines/social distancing/restrictions on travel and trade) than by the virus itself, no?

[ Parent | on HN ]

Re:Fed cuts half point in emergency move amid spreading virus by capkutay on Tuesday March 03, 2020 @02:37PM (#22477972)

I don’t see why when Apple claimed their supply chain ops in China resumed as normal as of last week. And that’s probably the most authoritarian quarantine we’ve seen up to this point.

[ Parent | on HN ]