Am I the only one not over reacting?

[MissBeanGenes]

All this wash your hands, don’t touch your face is general hygiene that we all learned at a year old. Then the run on the grocery stores is worse than a snowstorm. Maybe people missed that drill this year because of the mild winter. I went to the grocery store early today for a few things for the week as I normally do. I was not surprised to see shelves empty. But I was disgusted at how filthy those shelves were once empty. Probably worse things growing in that filth routinely! Especially the meat counters.

 

[General Lee]

I would say I'm a little concerned. I don't think the Gov't is being totally honest (shocker). The worst is yet to come. I've never seen reactions to a pandemic like this in my lifetime. Interest rates lowered to near zero. Hoarding of supplies. Federal, state and localities declaring state of emergency. I think its the unknown is what I'm a little concerned with

 

[awpitt]

I would say I'm a little concerned. I don't think the Gov't is being totally honest (shocker). The worst is yet to come. I've never seen reactions to a pandemic like this in my lifetime. Interest rates lowered to near zero. Hoarding of supplies. Federal, state and localities declaring state of emergency. I think its the unknown is what I'm a little concerned with

On the bright side, my son is in the process of building a house. Hopefully, the Fed action will allow him to lock in on a good interest rate.

 

[vraiblonde]

Life is shockingly normal for me. Left SPI this morning, hugged - yes, hugged - friends goodbye, did not see one person in a mask or Saran-wrapped in my travels to Kingsville (where I am now). I keep hearing all this on the news, how people are freaking out and locking themselves inside away from the zombie apocalypse, but I have not seen that in actuality.

As far as I can tell, people are behaving normally and mocking the manufactured hysteria.

 

[Spitfire]

On the bright side, my son is in the process of building a house. Hopefully, the Fed action will allow him to lock in on a good interest rate.

Greetings:

I wouldn’t count on rates going much lower. The mortgage backed securities market, where mortgages are bundled and sold is experiencing a logjam due to a lack of liquidity.

Yields on these bundled securities generally track the 10 year treasuries but the spread is currently as wide as it has been since the financial crisis.

In fact, the average 30 year fixed rate INCREASED last week to about 4.1 percent, up from around 3.5 just the week before.

There’s not much reason to think today’s action will drop rates, but I wish your son luck. Depending on how far out from settlement he is, if he can lock at 4% that might be the best he can hope for. That’s still pretty cheap money so nothing to be upset about to be frank.

 

[Monello]

if he can lock at 4% that might be the best he can hope for. That’s still pretty cheap money so nothing to be upset about to be frank.

My first mortgage in 1982 was for 16%. 2nd mortgage in 1988 was at 9%.

 

[Spitfire]

My first mortgage in 1982 was for 16%. 2nd mortgage in 1988 was at 9%.

Greetings:

Ah, yes. The good ole days.

 

[awpitt]

Greetings:

I wouldn’t count on rates going much lower. The mortgage backed securities market, where mortgages are bundled and sold is experiencing a logjam due to a lack of liquidity.

Yields on these bundled securities generally track the 10 year treasuries but the spread is currently as wide as it has been since the financial crisis.

In fact, the average 30 year fixed rate INCREASED last week to about 4.1 percent, up from around 3.5 just the week before.

There’s not much reason to think today’s action will drop rates, but I wish your son luck. Depending on how far out from settlement he is, if he can lock at 4% that might be the best he can hope for. That’s still pretty cheap money so nothing to be upset about to be frank.

Actually, as of Saturday, his rate was floating at 3%. He was debating if he should go ahead and lock in. He still has time though. His house won't be finished until late June.

 

[awpitt]

My first mortgage in 1982 was for 16%. 2nd mortgage in 1988 was at 9%.

Wow. The highest I remember was around 21%.

 

[Kyle]

As far as I can tell, people are behaving normally and mocking the manufactured hysteria.

Same among my friends, family and co-workers.

But then we don't have any brain-dead, hysterical, leftist ass-hats like Sappy amongst us.

 

[SamSpade]

With the exception of things I CANNOT change - cancellation of virtually everything - all sports, church, school and other social events - nothing much has changed at our house. Kids still play with the neighbor kids, I still shop for groceries - about half a small cart's worth, because I always have a fully stocked house. We got takeout the other night, which isn't unusual. Mostly, life is the same except we're doing stuff at home.

 

[Kyle]

We got takeout the other night, which isn't unusual.

Same here, although I suspect the delivery person was a CNN Democrat.

 

[InigoMontoya]

Why Overreacting to the Threat of the Coronavirus May Be Rational

In short, people are freaking out. Not all of us have moved from zero to run-into-the-streets-screaming. But even folks who are normally the opposite of anxious have begun to tiptoe into behaviors that are probably alarmist. On average more people die in fires every week in the U.S. than have so far died from the coronavirus illness that has now spread across the globe, yet most people take a much more relaxed attitude toward smoke alarm batteries.

From Time Magazine

 

[luvmygdaughters]

No panic here. I refuse to give in to the mass hysteria. Life is pretty much normal in my home and my daughters homes. We went to Mckays on Saturday morning, plenty of everything. And...I did not buy toilet paper!!! I have 7 rolls in my house, refuse to buy more until I get down to 2 rolls, as is my usual practice.

 

[Kyle]

 

[frequentflier]

My store had a real good weekend in sales.
Some people were just doing their routine pet food and supply shopping. There were others that were "the sky is falling and we're all going to die" and several asked if we were closing due to the virus. My answer was only if we are forced to do so. The people that work with and for me cannot go for weeks without getting paid. The store will be slower than normal in the weeks to come however I cannot pay the bills if there is no money coming in. We are replacing the food that has been sold and I anticipate that due to the "panic shopping", we may sit on this food for longer than usual.
A few days ago, an asst manager quit and I will be back to working full time. I am not collecting a pay check at this time; which will help me pay the remaining staff.
It's doubtful that the landlord is going to waive or negotiate the $6400 in rent due in two weeks or if SMECO, Washington Gas, the water company etc will bargain for a better price.
Scary times ahead.

 

[awpitt]

My store had a real good weekend in sales.
Some people were just doing their routine pet food and supply shopping. There were others that were "the sky is falling and we're all going to die" and several asked if we were closing due to the virus. My answer was only if we are forced to do so. The people that work with and for me cannot go for weeks without getting paid. The store will be slower than normal in the weeks to come however I cannot pay the bills if there is no money coming in. We are replacing the food that has been sold and I anticipate that due to the "panic shopping", we may sit on this food for longer than usual.
A few days ago, an asst manager quit and I will be back to working full time. I am not collecting a pay check at this time; which will help me pay the remaining staff.
It's doubtful that the landlord is going to waive or negotiate the $6400 in rent due in two weeks or if SMECO, Washington Gas, the water company etc will bargain for a better price.
Scary times ahead.

Have you put any purchase limits certain items? I was out shopping yesterday and saw a "Limit 2 per Customer" sign on the water.

 

[Auntie Biache']

I'm not panicking, but I have stopped making fun of it. Not the panic shopping, still making fun of that, but I'm watching with a more open mind. This is an enormous cause for concern, especially since it's being blown out of proportion by the media. At this point, I'm more concerned about being quarantined, than catching the bug. That said, we're a few weeks behind European countries that are in full blown plaque emergency. Will that 2 week time difference have an impact? Is the worst yet to come? I dunno'. Will just have to wait and see.

 

[kom526]

I'm not panicking, but I have stopped making fun of it. Not the panic shopping, still making fun of that, but I'm watching with a more open mind.

 

[kom526]

My store had a real good weekend in sales.
Some people were just doing their routine pet food and supply shopping. There were others that were "the sky is falling and we're all going to die" and several asked if we were closing due to the virus. My answer was only if we are forced to do so. The people that work with and for me cannot go for weeks without getting paid. The store will be slower than normal in the weeks to come however I cannot pay the bills if there is no money coming in. We are replacing the food that has been sold and I anticipate that due to the "panic shopping", we may sit on this food for longer than usual.
A few days ago, an asst manager quit and I will be back to working full time. I am not collecting a pay check at this time; which will help me pay the remaining staff.
It's doubtful that the landlord is going to waive or negotiate the $6400 in rent due in two weeks or if SMECO, Washington Gas, the water company etc will bargain for a better price.
Scary times ahead.

Do you sell Performatrim Salmon?