Am I the only one not over reacting?

vraiblonde

Board Mommy
PREMO Member
Patron
Last night I was overreacting (or not?) to martial law being declared in these states and the fascists - uh, I mean Governors - shutting down small businesses and putting people on the street over the ****ing flu.

They create a crisis out of thin air, lay down a bunch of draconian laws, and when nothing happens (because it was nothing in the first place) they go, "See? It worked."

This is a terrible precedent and I'm pretty upset about that.
 

Kyle

Beloved Misanthrope
PREMO Member
They create a crisis out of thin air, lay down a bunch of draconian laws, and when nothing happens (because it was nothing in the first place) they go, "See? It worked."
Just wait and you'll get to hear how much Hissy loves it!
 

LightRoasted

If I may ...
If I may ...

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
It's not some hyped up virus everyone has to worry about, it's the, financial, economic, job, markets, that should concern everyone. We have literally entered the beginnings of a system, world wide, financial crash. Pension funds, IRA's, 401K's, are being slowly wiped out. Even those working for the Federal Government are seeing their Thrift Savings Retirement Accounts decimated. And this "virus", hasn't even really taken hold, as the media whores try in vain to amp up the 'fear meter'. Silver, a good barometer, had pushed to in the $11 range today, (just, stands now at $12.55) (was near $19 spot mid February). And yet, you can't buy a Silver American Eagle without paying a hefty premium. At one well known and respected site, you can get them for $19.08, if you buy 500 coins, (ounces), or more. Most online sources are now sold out of the most popular silver and gold.
This is the time everyone should be very concerned.
 

LightRoasted

If I may ...
If I may ...

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.
Just got in the mail an offer for a guaranteed VA refinance fixed rate of 2.75%. Just might do it.
 

Chris0nllyn

Well-Known Member
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.

Just refinanced myself. Locked in last week at 3.25%.
 

stgislander

Well-Known Member
PREMO Member
I have to admit, I went into Medstar Medical Group at St. Mary's this morning to have blood drawn for my annual exam next week and was expecting the worst. I got there around 8:45am and the waiting room was like a ghost town. Maybe five people waiting, and two of us were for labs.
 

PrchJrkr

Long Haired Country Boy
Ad Free Experience
Patron
No need to panic... the two latest members to join are 'rationality' and 'reason'. I'm pretty sure they are here to enlighten us at some point!
Let me just make this clear. I am in NO way affiliated with new member P_J. I get into enough trouble on my own. :biggrin:
 

Scat

Well-Known Member
Mildred Miller told Jacob at the farmers market and then Jacob told Eli, Eli told Ezra, Ezra told Joshua, Joshua told Ezekiel, Ezekiel told Joseph, Joseph told Abraham, Abraham told Samuel....
But nobody told Amos?
 

stgislander

Well-Known Member
PREMO Member
I just saw this in the "locked" announcements.

DOLLAR GENERAL ANNOUNCES FIRST HOUR OF OPERATIONS TO BE DEDICATED TO SENIOR CUSTOMERS

Goodlettsville, Tennessee – March 16, 2020 – Dollar General Corporation (NYSE: DG) announced plans to dedicate the first hour of each shopping day to senior shoppers, as well as amend store operating hours beginning tomorrow, March 17, 2020.

Senior Hour Encouragement

Beginning tomorrow, Dollar General is strongly encouraging that the first hour of operations each day be dedicated solely for the shopping needs of senior customers, who are one of the groups most vulnerable to the COVID-19 coronavirus. In keeping with the Company’s mission of Serving Others, Dollar General wants to provide these at-risk customers with the ability to purchase the items they need and want at the beginning of each day to avoid busier and more crowded shopping periods.

Other customers are encouraged to plan their shopping trips around this window of time to allow the most susceptible customers in our communities the ability to shop during the first hour that stores are open.

I think that's a great idea. I'm not sure how they'll enforce it, but good on them looking out for the seniors.
 
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