MERs/Coronavirus - watching? Will it change your behaviour if it shows up in Canada?

[oaknut]

Just liquidated all my funds this morning. Everything I have ever read about investing or have been taught, says to stay invested for the long term. However my fears are that we are in a recession already, even though no one wants to admit it, and it won't take long til we get into a depression. Last depression was 100 years ago......crazy to think like this I know, but what if its true? What if we go into a depression?

This is a short term situation, the markets will climb. As soon as China returns to work we will have cheap crap to fight over!

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[oaknut]

Maybe there's a bright side for me!

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[fishfood]

This is a short term situation, the markets will climb. As soon as China returns to work we will have cheap crap to fight over!

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Yep crashed last week bigg jump Friday up and big jump back down yesterday. Stock markets could also close down a while who knows what's going on . Already talk of it trump said no as of right now but who knows next week.

The time to pull out was 2 or 3 weeks ago we knew it wound fall. Also if everyone pulls out it will damage the entire the market for way longer.

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[fishfood]

I heard today from a friend that we could see the peak in 8 to 12 weeks. Wow just to think months and months of this. [emoji107]

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[fishfood]

First Ontario death was a 70 year old man from in barrie.

6 others critical in bc

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[JBen]

It's been interesting reading people's responses from the early days in Jan to this mornings entries. How the "tone" has changed.

My fiancé and I were on the side of we need to act fast. Back then in mid February, the early signs of trouble in Italy were showing. Fast forward to today.....And we screwed the pooch. Airports should have closed a couple weeks ago. To date, the vast majority of confirmed cases are foreign travel. Community travel is now starting.

Coulda, shoulda, woulda.

Instead of flattening the curve that way and then, when we had the best chance possible to limit it's spread, with the least amount of pain. Today, we're taking measures, that all but certainly are going to come with a lot of economic fallout, as well.

Look out West, Alberta. Already reeling from job losses, foreclosures, suicides.....How many of them, or those already unemployed are likely to find work anytime soon.Yesterday, the IMF was talking about global orchestrated stimulus packages. The FED and the BoC have gutted rates, JT announced 50b today, buying up insured mortgages from the banks. Worded differently, he's hoping to limit the damage foreclosures will do. If that snowball gets going, look out.... Small businesses are going to suffer...large....So will tax revenue......

A couple days ago, I was reading friends celebrating the price of gas. Not fully understanding what that means.

And on, and on and on.

Will the markets recover? in time, yes. But when?
Think about the millions, the Feds are thinking about when they talk CPP, or Ms Wynne was thinking of when she created ORPP. Millions of Canadians are approaching retirement, now, without near enough. 30% of what little they had just disappeared.

And on
And on

Lets look at Ontario, and what's been done since 2008.
Not much. Here we are today, with a long, laundry list of problems, some serious ( like 800,00 with GPs, people struggling to pay Hydro, deficits and debt up to our eyeballs). Ontario's ability to weather this, financially or other is already limited. Tell me, in the face of this, just how important teachers are again?

I said many times, the scariest thing about Covid was how fast it was spreading. And despite hows its crippled Italy, how there Drs are having to choose who to help, and who not. Despite the empty streets and highways, despite so much.

Air travel was allowed to continue until yesterday.
I can't see the future, I'm betting history is not going to be kind. Nor will the next few weeks and months.

[JBen]

Forget to include. The fiance and I talked about this a few weeks ago as well. One thing, we Canadians might have going for us, is that except for a few notable exceptions, our population density is small. Unlike a lot of the EU, and other countries. That should help us, or atlas contain it to a few hotbeds.

[fishermccann]

JBen what happened to your alias?

[fishfood]

Community spread in Toronto and again more shut downs .

Any restaurant or bar that stays open could receive a 25 thousand $ fine . Drive thru only or take out until the virus hits the store and they completely shutdown.

https://www.cbc.ca/news/canada/toron...read-1.5499768

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[JBen]

lol, I brain cramped and deleted the email it utilized. Had to use that as this account was de-activated by request. So had this re-activated.
Never liked it anyway. Ive always preferred to be known by name.

Was reading today a twitter post thats going viral from someone in Italy. Describing the 6 stages we can expect. Cant share it here as we can on social media. I strongly advise people to google it, read it. One of the stages, I think its 4 or 5 pertains to "population" and this is where unlike a lot of the EU, many other countries, our size/population is for once going to help. Any who, he describes how people started fleeing hotbeds. Because symptoms don't show for awhile, as more and more fled area's, the spread got worse. No doubt that will occur here as well, but it's not like the EU, where the next city, country is just 30 min or an hour away.

The FEDS are saying they have some kind of major economic statement for tomorrow. Aid measures most likely my guess.
/looks West
/looks at the mess here

Crap happens, and while no-one hon could have seen this coming. We all should have known that sooner or later an ill wind of some type would. But instead.........