lol. "can't hoard cash... if it's physically difficult to hoard cash". taps temple, smiles, nods

Literally that. I think it was a missed opportunity. They should have made 500 euro notes the size of old IBM punchcards. Which would have created a subculture of 'baller wallets big enough to hold'em. Which would have created a sub-subculture of pants with oversized pockets to hold the oversized wallets that hold the money you've never seen.

What fraction of the credit union assets can the NCUA back up with cashmoney, in the event of mass withdrawals?

Homey Congress just wrote a $2T check.

The $2 tril bailout making the rounds is nuts. That's on top of QE, some form of which might go on for a loooooong time, right?

The Fed is now buying ETFs. At this point the government is just another shareholder. That can shore up their position by conjuring money out of thin air. The psychological construct that is the financial system has grown increasingly psychotic.

Still can't believe we haven't subsidized medical equipment production, emergency hospital construction, and training of personnel.

LOL those fuckers will show up to work regardless. They have a conscience. We need to shore up Boeing, who has refused to even take government money unless it comes with no strings attached.

On September 26 2007 Warren Buffett offered to buy a 20% equity stake in Bear Stearns for $40 a share. Dick Fuld was offended and rebuffed not just Buffett, but the Fed for making the deal.

There is still perhaps hope of containment, but if America gets "re-opened for business" on April 12th, that's no bueno.

Occam's Razor up here is we've had community transmission amongst pediatric cases since late December. Something people forget about COVID-19 is that much of what we know about it is based on Chinese data. Never before in the history of the world has anyone taken Chinese data at face value.

Italy got especially unlucky, I guess.

Italy got to hit crisis-stage first so that we could all watch. I've seen unverified shit out of New York that leads me to believe NYC is lookin' highly Lombardi-like at the moment.

They were either exposed much earlier, or had some super-spreader or widespread exposure, something like that.

As of today, 3.8% of the CV19 fatalities in the United States are from the Life Care Center in Kirkland. As of yesterday that number was 7%. It's very easy to look at the Johns Hopkins map and see a nice uniform circle but it's not reality.