The COVID-19 pandemic

[jeffster]

So all community centres, arena's, pools, etc., will be closed in Kitchener, Cambridge, Waterloo and the townships until further notice.

I expect that cinema's, restaurants, fast-food and cafes to be closed before the end of next week, along with a ban on gatherings of over 10 people perhaps.

This is really really bad folks. Unsure what else to say. I imagine the next month or 2 is going to be really tough though.

I wouldn't be surprised to see the unemployment rate to spike to unseen levels -- like 20 or 30%.

I also believe the possibility of the US government collapsing completely, due to their financial health (its $22T debt).

We really need to look at what Italy is doing to figure out how we should do it. The have had a 3-week lock-down in a certain area, and only know is it stabilizing. I imagine for Canada, we should look at a 6 to 8 week lock-down. Nothing until May 1 or 14. I can't see any other way.

I imagine that all levels of government will have massive deficits this year. I imagine the banking industry will take a massive hit over this (if mandated by the government) - as I believe they will have to give interest and payment relief to their clients.

Either way, not good.

Take care my friends....remember to keep good hygiene. Eat healthy. And whiskey....lots of whiskey.