Biggest world wide devaluation in almost 30 years, today.

Coranavirus panic, international travel avoidance and oil price devastation.

Global recession predicted, from numerous sources.


With the LSE down close to 10% - it seems the world may just have more than health problems.

'Utter carnage' - in the 3 US stock indices.

Markets closed for a while - worst since 2008!


All of us are poorer today than yesterday.

Just like our government.


Brexit negotiations won't be helped either.

The economic uncertainty seen today, is ominous...

Just a few examples.

FTSE 100 - down 8%.

Lloyds and Barclays - both down 9%.


Not caused by the media, but uncertainty.

About our ability to contain Coranavirus.


In addition to migration, poverty - and chronic oil dependence....

UK Long Term Government Bond Yield - is now 0%.

So, for the first time, HMG can now borrow for nothing.


Not seen before - not since modern financial systems were introduced.

Over 200 years ago.


Base rate reduction seems highly likely.

In these uncharted waters...

Yes, because people are stupid, don't understand odds/maths and react emotionally to this nonsense Barney...

Media inflated like so much else.

Both - JK & w - are probably right

However, do either of you disagree with any of the facts - I've mentioned

If you dispute them...fine


Or no - it's all about the world going mad

Democracy doesn't work; Coranavirus is 'flu



'The media made up the deaths'

Although international agencies verified them


Perhaps the media runs the world...

Barney, how will the panic buying affect things economically? Have we ever had world wide stockpiling before?

I suppose it comes down to what are "facts" Barney and how are they presented and manipulated?

When organisations have a financial reason for reporting "facts" the devil is in the detail: do we report how many died on the roads today, or the 2 who died from what is being presented as a plague?

Yes the 2 are "facts", but so is how many died because of booze today...How many people took their own lives...How many learned they have a terminal illness...?

The selection is a "fact", and is what we are commenting on...

You make no new/different points or facts (acknowledged events/occurrences).

And are unable to dispute the ones I have recorded, not made up.

Please make logical argument - 'devil in the detail' - means little. One example - does democracy work?

Or is the devil around to mask your broad unspecifty...

You can fudge facts and figures, but I think it is a bit far fetched to think a recession is completely made up. Exaggerated, Maybe.

the Stock Market is a gambler's paradise.

It only works because stocks go up and down.

the Big Mistake here is the lunacy of a "Free Market" and unbridled Capitalism ( although it's really Corporatism now and a perversion of Capitalism which needs controls as strict as Communism or Socialism to succeed..being a completely artificial construct).

Neo-Liberalism is more dangerous than a Corona Virus but combined together which is what we are now seeing, it's deadly. (and let's not even mention the Elephant in The Room : Climate Change)

# It's the End of Civilization as we know it

# The End Times are upon us and we're all Going to Hell in a (plastic polluting) Handbasket (this could take another 100 years of course)

# It's a Good Time to be Old (while looking far younger)

Where is FDR when we need him?

Barney wrote:
UK Long Term Government Bond Yield - is now 0%.

So, for the first time, HMG can now borrow for nothing.


Not seen before - not since modern financial systems were introduced.

Over 200 years ago.


Base rate reduction seems highly likely.


Yesterday, HMG paid 0.08% for £2.25 billion in 10 year bonds - borrowing for less than nothing, taking inflation into account.

Unprecedented.

And due to the anticipated easing of governments and central banks, to allay the uncertainties and problems of Coranavirus.

Barney wrote:
You make no new/different points or facts (acknowledged events/occurrences).

And are unable to dispute the ones I have recorded, not made up.

Please make logical argument - 'devil in the detail' - means little. One example - does democracy work?

Or is the devil around to mask your broad unspecifty...




Barney I have never disputed any fact you have quoted from WHO etc. I don't believe in conspiracies generally. I don't think any death has been "invented"...

The media though decide the weight and how to report it; causing panic and generating revenue as a result. Politicians as a result feel they have to do something...adding to the cycle.

Which only underlines my point about panic Barney. Uncertainty is poison to capitalism (or rather in a nod to the excellent point made by Hedda in this thread, Corporatism).

When you are reduced to repeatedly quoting the outcome of media/political maufactured panic, rather than the physiological veracity of the virus, you are making my point for me....

The vast majority of those diagnosed with Coronavirus in Britain were "pretty well" but might "Feel a bit rough for a few days". Dr Jennie Harries quoted on latest bbc news article on the "plague".

Does this chime with the headlines? Why is this not on the front page of every paper to stem the panic? (rhetorical).

Thanks for your three posts.

Could your next, quote some examples of 'media manufacturerd panic'...


And is my post about a large section of Italy being closed also disingenuous or misleading.

Perhaps media driven?

Add to the already good comments considering past history. Last Boom / bust cycle somewhere from 1989 to 2007 18 years. So considering general pay rises compounded means wages generally will double every 18 - 20. In the last cycle around year 2000 there was date scarce and speculation in tech shares saw a temporary collapse in the markets that was basically it, until the usual expansion ushered in the bust of 2007. I suppose each cycle has it own surprises, Barney rightly highlighted in this current cycle the low interest rates. Governments all take credit in the boom times. So all considered keeping in mind "the future is yet to be written". (Good advice from Part III Back To The Future) that maybe there is at least another 5 years of boom. For us in the UK a key is house prices which may will double to tremble from the high of 2007 then drop for a few years by something like 15 - 25 percent estimate. This is a general scenario only which has been true for about the last 2 - 3 cycles.

Base rate reduced to 0.25%...