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On today’s Coronavirus Freight Market Update, we run through the headlines, break down what’s going on with unemployment and have a special interview with FreightWaves Founder and CEO, Craig Fuller.
This is a live interactive event, viewers are encouraged to comment and call-in during broadcasts Tuesdays and Thursdays at 12PM ET on FreightWaves Linkedin, Facebook, and YouTube channels.
Noble1
In regards to the podcast @ 9 minutes 53 seconds , I stated the real estate market was next to get hit awhile ago before the COVID infected began to increase in the USA . It’s just common sense . People would be fearful to visit and have their homes visited as well as draconian measures likely to increase .
Recently we have noticed that measures/rules due to the COVID -19 have been created which will in fact slow that sector down
Quote :
Open houses banned, new safety measures recommended amid COVID-19 pandemic: Alberta Real Estate Association
“The decision to ban all open houses was made in response to the COVID-19 pandemic, AREA chair Kristie Kruger said in a news release.”
Quote:
Toronto, Ontario and Vancouver real estate boards urge suspension of open houses due to coronavirus outbreak
Quote:
B.C. real estate market frozen over COVID-19 uncertainty
“The local real estate market is mostly frozen as fears about the spread of COVID-19 have halted most home showings and there is uncertainty in the market for buyers and sellers.”
Quote :
Real estate boards across Canada urging against all open houses
“Real estate boards in the country’s largest markets are calling on real estate agents to halt all face-to-face business on a temporary basis, especially with staging open houses.”
USA ?
Quote:
Housing market frozen by government during coronavirus lockdown
“The government has put the brakes on the housing market until the coronavirus restrictions are over, telling people to delay their home moves if possible and not to allow new viewings.”
Quote:
Mortgage Applications Crater 30% in Worst Fall Since Housing Market Burst
Quote :
Coronavirus Slowing U.S. Housing Market, Despite Low Mortgage Rates
End quotes .
That being said , nobody in their right mind should even think about visiting a home for purchase nor having their home for sale visited in current times . However , due to the lack of reasonability ,maturity , and common sense out there , social distancing measures had to become more stringent , unfortunately .
Common sense people , common sense !
Be wise and be patient .
In my humble opinion …………
Noble1
Furthermore , in regards to real estate .
When the BOC recently had cut rates twice within 2 weeks and everyone and their grandma were running to refinance their debt(mortgages) I had suggested that based on my opinion people should be patient because the BOC were showing their cards due to desperate actions in this chaotic economy . I stated that rates were likely to be cut even more and curtail further .
BINGO !
That now adds up to a point and half within a month !
Quote :
Bank of Canada cuts key interest rate target to 0.25%
OTTAWA — The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement.
In a statement on its website, the central bank says its decision to lower rates is aimed at cushioning the economic shocks from COVID-19 and a sharp drop in oil prices by easing the cost of borrowing.
It adds that providing credit in the economy for businesses that need it should help lay the foundation for the economy’s return to normalcy.
The interest rate cut takes the key rate to what the central bank referred to as “its effective lower bound” or the lowest level that rates can be set.
Bank governor Stephen Poloz is scheduled to discuss the rate cut during a teleconference with reporters this morning.
The central bank is also launching two new programs. One will aim to alleviate strains in short-term funding markets, while the other will see the central bank begin acquiring federal government securities in the secondary market with a minimum of $5 billion per week.
This report by The Canadian Press was first published March 27, 2020.”
End quote.
Told ya ! Patience my dear friendly’s , patience !
In my humble opinion ………………
Noble1
Quote:
“The U.S. Now Leads the World in Confirmed Coronavirus Cases”
You can thank Trump for that one ! He rendered the good ol’ US of A number 1 alright .
What happened to his “Make America Great Again” motto ???
On another note :
Go to the doctorOz website .
Then check out :
The COVID-19 Pandemic: How Long Should the U.S. Stay in Lockdown? The Infected Virus Hunter’s Warning
Dr. Ian Lipkin, who was just diagnosed with COVID-19, weighs in on reopening the country.
Then listen carefully to what Lipkin states he’s using to combat the coronavirus .
Here’s a hint ,
Here’s a short cut by using the link below :
“The Coronavirus Pandemic: How Is Famed Epidemiologist Dr. Ian Lipkin Treating His Covid-19?
Dr. Oz Asks Renowned Epidemiologist, Dr. Ian Lipkin About His Decision To Treat His Covid-19 With The Malaria Drug Hydroxychloroquine. ”
What did he say he was using @ 29 seconds ???
Drum roll please ………………. Plaquenil
BUT even he consulted a physician(doctor) before doing so !!!
Can Trump turn his mismanaged COVID-19 outbreak in the USA around and become the USA hero ? He’ll need to get those hydroxychloroquine sulfate (Plaquenil) test results in ASAP and start curing his people ASAP !!! If he can manage to do that , then he’ll defy the odds against him and increase the probability of his Easter economic restart goal which may potentially win the people’s hearts . If he can pull that off , then I’m afraid he’ll be re-elected .
In my humble opinion …………..
Noble1
Quote:
Headline : Infectious disease expert Dr. Ian Lipkin, consultant for ‘Contagion’ movie, has coronavirus
Lipkin said at the end of the interview that he is undergoing trial treatment for the virus and hoped to feel better soon.”
End quote.
To quote the Canadian Prime Minister :
“Enough is enough” !
However, I’ll use it to refer to something else : ENOUGH IS ENOUGH with this stupid worldwide mismanaged COVID-19 outbreak pandemic leading to chaos ,panic, isolation , draconian laws , massive public and patient psychological and physical suffering and deaths !!!
Get these test results out already which the medical establishment will recognize as acceptable ASAP and put an end to this pandemic madness already !
Lets go !
In my humble opinion ……….
P.S. Hippocrates of Kos was an Ancient Greek physician known as the father of western medicine.
To quote him ,
” A physician without a knowledge of astrology has no right to call himself a physician.”
“Everyone has a doctor in him or her; we just have to help it in its work. The natural healing force within each one of us is the greatest force in getting well. Our food should be our medicine. Our medicine should be our food. But to eat when you are sick, is to feed your sickness.”
End quotes .
If you knew and understood how powerful and true those statements really are , you would be in awe to say the least .
In my humble opinion ……….