I have a nephew who has been nicknamed 'the petri dish' because whenever there is a visit from or to we generally end up with some kind of sniffle. Just heard that his Tiger mother has arranged for him to be baby sat by the ancient Grandparents on Saturday evening. The Grandparents don't want to do this for the obvious reason but feel browbeaten by petri dishes Tiger mother.
FFS what is wrong with some people!
"Rules are for the guidance of wise men and the obedience of fools". Douglas Bader.
FTSE now close to 10% drop in one day. This is by far the most dramatic stock market collapse since the war. Previous one-day record was 12.2% in 1987, but this drop comes after several days of large falls.
And still the UK government holds out. This is also like Black Wednesday (1992) though: they will cave eventually, because the onslaught of bad news is just going to keep coming.
UndercoverElephant wrote:Can't keep up with this. Shut-downs now announced in Poland, Latvia and Lithuania, and looks like Justin Trudeau has got it. Wife caught it in the UK.
Europe is going into lockdown. What is going to happen in America?
Health care - even testing - is expensive in the US.
Most /many will simply get ill huddled in a dark corner.
Vortex2 wrote:Is a bank failure / lockup possible?
Very, especially an extended bank holiday.
Vortex2 wrote:
With all this economic mess, is there any chance that the banks will grind to a halt?
Barclays is now down to 98p. It is basically valued at just over one years profit. At 99p in 2008, the gov' was forced to bail out the banks at eye watering amounts to the public. Do we think the Gov' will bail out again? I don't think they have the fiscal headspace.
Not that it really matters, but whilst I calculated an 8.3 ratio between reported & true cases, the Chinese data now suggests that they had a 6.2 ratio or so IIRC.
UndercoverElephant wrote:So...statement imminent from Boris, and he is going to stick to his guns. The blowback response is going to be brutal. He will cave before next week.
I don't think it's got anything to do with caving. More to do with the optimum time to do the 14 day anthropological window which the populace will obey.
You can pass as many emergency laws you like, if joe public gets fed up with them, they will not be obeyed.