Fear...

  

FDR :So, first of all, let me assert my firm belief that the only thing we have to fear is...fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.

*New York governor Andrew Cuomo, a Democrat,  indicated that New York does not have enough hospital beds to house a potential flood of coronavirus patients, and that only the military would be able to augment existing facilities to house those patients.

*The Federal Reserve made another emergency cut to interest rates on Sunday, slashing the federal funds rate by 1.00 percent to a range of 0-0.25 percent. ... Lower rates encourage more money into the economy, inducing businesses to invest and consumers to spend and borrow. That keeps money flowing through the economy.

*At stores across the U.S., shelves are being picked bare. The coronavirus is spurring panicked shoppers to stock up on products ranging from cleansing wipes to peanut butter as they prepare to hunker down in the midst of the growing pandemic.

*New York City’s schools will close Monday and remain shut till at least April 20 — and possibly the rest of the school year, Mayor Bill de Blasio said Sunday.

However, this time is different. So have some fear and follow the instructions. It is not unknown any more.