Over the past 3 months, the feeling around the globe has been sort of doom and gloom. Wuhan-400 also known as Corona Virus Disease of 2019 (Covid-19) is surreal and has affected many lives and industries globally. The name itself was given by the World Health Organization (WHO) on February 11th 2020 in relation to Severe Acute Respiratory Syndrome (SARs-Cov-2) – meaning this is not the first coronavirus that has surfaced, although it is a specific virus. As of this writing, according to Worldometer the number of cases worldwide is 3,308,231, deaths toll 234,105, and recovered 1,042,608 Covid-19. With all the statistics floating around, it is important to recognize that this pandemic lifespan will not last forever...Read More
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New York City and many other cities in the U.S are on lock down because the numbers of casualties are growing exponentially. As of this writing, according to New York Department of Health, the U.S has confirmed 392,285 cases, 12,627 death, and 21,368 recovered. Our lives and businesses are about to change in a significant way. This is a new great depression that will reorganize the global economy in ways that are impossible to predict, currently. China’s locked down created a downfall in the financial markets, especially on the supply chain front. In order to keep the economy afloat, the Federal Reserve has injected $2 trillion into the economy and also slashed interest rate to zero. Currently, the 10-year treasury rate Is 0.726% and prime rate is at 3.25%.
We’re looking at i...Read More