ThingAboutThings

1) ‘Severe and unprecedented’: IMF warns Asia’s economy will not grow at all in 2020 because of coronavirus - Negative. I feel that this covid-19 is a one-two punch, on the backdrop of a flat growth that was tethering on a recession, the economy really did not have any capacity to allow for a pandemic to happen. therefore, the growth would probably not make it. - Cases in which I believe COVID-19 would have not affected the economy, a) a more advanced economy that is not very dependent on traditional roles like building, manufacturing, more technical roles, but as we know we aren't really there, and not especially in Asia. 2) Grab has ‘ample liquidity’ to tide through a 3-year recession, CEO predicts - Neutral. I mean I dunno if they really have a lot of liquidity still a private firm eh... ok they raised quite a few monies from investors which I guess is giving it the liquidity it needs. However, it is still loss-making eh, I dunno how much grab is able to get from the food d...

Starting this blog for the n-th time, hopefully, I keep up with it this time. News 1) Disney World will furlough 43,000 union workers during coronavirus shutdown - Neutral News. I feel that is is a reasonable step for the management to take, especially since there is yet an end in sight, so it would be better to send their staff back. 2) Dow futures slide more than 300 points as investors weigh coronavirus and oil outlook - Positive News. OPEC+ agreed to cut production by 9.7 million barrels per day... - At least the oil issue has come to an end. Lmao but how did Russia admit defeat, but I guess Russia is also not really in good shape now eh... but from some reports seems like they are fine... but dunno if they are telling the truth lmao, cus Russia will be russia. 3) Fed’s Neel Kashkari says coronavirus economic recovery ‘could be a long, hard road’ - Negative Opinion. I kind of agree with what he says that without a good vaccine or cure, it will b...