When you a teenager you think you know everything, like, “I got this under control, nothing bad is going to happen.” It was definitely reckless. I convinced myself that it wasn dangerous because a lot of the people I was doing it with had done it before and they how, like my boyfriend at the time. But in retrospect he was a pretty serious drug addict, so what did he know.
From what I can tell, looking at previous bear markets they generally end lower, around 50% below peak. The march lows were only about 30% peak to trough, and it only the first leg down. While I don think anybody knows exactly what to expect from the Fed liquidity injections, their injections and the stimulus package didn prevent the 2008 crisis from dropping 50% or so over 17 months.
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Blue, turquoise, and white crosses mark the dead in mass graves in Manaus, Brazil, a visual reminder of the toll the novel coronavirus has had on the country.Brazil now has the second most COVID 19 cases in the world, just behind the US.The University of Washington’s Institute for Health Metrics and Evaluation, which also forecasts the US death toll and has been used by the White House, has estimated that if no changes are enacted, 125,833 people in Brazil could die from the coronavirus by August 4.As of Wednesday, the country had 25,598 reported deaths.The same model projects that the US will reach 131,967 deaths by August 4. The US this week passed the grim milestone of 100,000 reported coronavirus deaths.According to , the estimate was made with Brazil’s daily death toll approaching and at times surpassing that of the US. The IHME also called for lockdowns in the country, but President Jair Bolsonaro has refused.”Brazil must follow the lead of Wuhan, China, as well as Italy, Spain, and New York by enforcing mandates and measures to gain control of a fast moving epidemic and reduce transmission of the coronavirus,” IHME’s director, Christopher Murray, wrote.He added that until Brazil imposed lockdowns, its daily death count could keep rising into mid July.
My parents will want to know “what this means” and they won’t take “fuck if I know” for an answer. It will be a long time (maybe years) before I’m either eligible for disability or ready to work again, and I just can’t wait that long. So much of my life has already passed me by and I’m tired of waiting for a “right time.” But binders and clothes and haircuts cost money.