Federal Reserve slashes interest rates to zero

Re:Federal Reserve slashes interest rates to zero by barry-cotter on Sunday March 15, 2020 @07:35PM (#22587949)

> Do you have a source for 80-90% collapse in China? That sounds way high

I live in Shanghai. It normally takes about two weeks for things to go back to normal after Lunar New Year ends, which was two months ago. Things are not yet back to normal. Maybe 30% of office workers are back at work, 50% maximum. Gyms, bars, restaurants are almost all still closed. The dental hospital is still closed. You can basically write off February and at least half of March for economic production.

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Re:Federal Reserve slashes interest rates to zero by appleiigs on Sunday March 15, 2020 @07:44PM (#22588017)

If you write off 2 months out of 12 months, that's a 17% decrease.

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Re:Federal Reserve slashes interest rates to zero by onlyrealcuzzo on Monday March 16, 2020 @01:56AM (#22590386)

I think he was talking about the current situation, not the full year perspective.

How is that any different than saying 2 months out of a decade is 1.7%??

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Re:Federal Reserve slashes interest rates to zero by appleiigs on Tuesday March 17, 2020 @02:13AM (#22602225)

He has no source. In another comment I pointed out the stock asian market only decreased 20% at the max.

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Re:Federal Reserve slashes interest rates to zero by taiwanboy on Sunday March 15, 2020 @07:58PM (#22588113)

I said China’s economy collapsed 80-90% in the LAST month

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