I wholeheartedly agree one of us has their facts wrong. I dont know where you get your numbers, but according to the John Hopkins Coronovius Research Center ( https://coronavirus.jhu.edu/map.html ) there are currently 4,661 cases confirmed by the CDC in the US. Of the 181,580 confirmed cases world-wide, there have been 7,138 fatalities. That comes out to about a 4% fatailty rate (3.931049675%, if you want to get all six-sigma). Please, for the love of god, stop getting your information from either side of the media (they both lie equally) and start going to the actual sources.
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Six months in we’ll be talking biblical Debt Jubilee. The BIS and the worlds’s central banks won’t have anymore room to kick the can down the dead end alley. SARS-CoV-2 will go down as the prick that popped the mother of all fractionalized derivative financial bubbles.
Not American, so I'd appreciate if someone can explain some things to me. Fed cutting rates to zero means banks can borrow money at 0% interest and let consumers loan or withdraw cash? At a glance this seems to be an attempt to increase cash flow? What bigger implication am I missing?