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The largest hospital system in Europe and one of the Top 10 hospital trusts globally was breached, and sensitive information leaked.
The damage is still being calculated, but the good news is the 22-year-old hacker is behind bars.
https://therecord.media/hacker-arrested-in-france-for-theft-of-covid-19-tests-for-1-4-million-parisians/
Cash is also an investment position.
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Rising Star
Lmao yeah it’s gonna be nuts, we just money-printer BRRRRR-ed $1 TRILLION into existence
I don't see inflation being a huge issue at the moment.
That unaffordability you mentioned should create downward pressure on prices, at least in theory, which should counteract the increased monetary supply.
More concretely, the COVID situation has created a global USD shortage driven by very large drawdowns on USD-denominated corporate debt in Asia (and to a smaller extent in Europe), coupled with decreased USD inflows to banks from the operating activities of their corporate clients. Large Asian banks are already starting to face strong USD funding pressure, and at the moment, it's backstopped only by the increased liquidity in the market (i.e Fed operations) and the large HQLA buffers that banks accumulated post-2008. I don't see this demand tapering off very quickly, which should also put downward pressure on USD inflation.
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Of course elective Healthcare cost were driven by demand. With no transparency people had surgeries without taking into account their cost. Demand fir elective surgeries has grown much faster than the population even when age and health condition adjusted.
This works for pretty much all countries in the world, but not so much for the US.
US Treasury bonds are seen as virtually the world's safest investment. Whenever there is a major crisis like this, money flows from emerging countries back to the US, which limits the impact of the money printer going brrr.
Also there is pretty much no demand right now.
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Just think - if we go all Zimbabwe, you'll be able to pay off your student loans with a loaf of bread.
Salaries won’t go up at all LOL
Actually demand for hospitals and clinics in most areas has decreased significantly - they are laying people off bc they are not doing normal work
The US is more likely to be like Japan than Zimbabwe
Inflation has already kicked in. Look at the price of groceries these days.
Groceries yes but look at other items and services - you think our fees are going up any time soon? - Cars are going to be discounted for a while although in a few years used cars will retain value bc of the drop in new car production - I suspect after a while prices will return to normal - outside of energy spikes inflation normally occurs when employment and factory capacity is constrained and there will be a lot of idle capacity for a while - the Fed Reserve’s move much like the Bank of Japan’s actions in the past the past will dampen inflation and interest rates