Jump to content
DeeCee

Coronavirus | COVID-19 | Global Pandemic | PLEASE KEEP DISCUSSION TO THIS THREAD

Recommended Posts

5 minutes ago, Porthos said:

 

 

My point, I think, is that when there is something as unknown or unknowable as pandemic, charting out what's gonna happen a couple of financial quarters from now seems... Well, I get they have to do it, but I wouldn't put much stock in it (pun not intentional but not coincidental that I thought of that phrase, I'm sure).

 

I may not be as pessimistic as some on this board.  But I also think the type of emergency response and leadership coming out of DC matters a great deal.  And on that front I am not nearly as sanguine.

 

TARP did in fact happen in 2008 under a Democratic Congress (Senate was barely  Democratic at the time) and a Republican president. And Trump desperately wants to be re-elected so who knows.  He could easily force Republicans to accept just about anything with his current standing within the Republican party.  But, then again, capability of leadership matters as well. 

 

We'll see, I suppose.  But if taking the over or the under on that Q3 number, I would certainly take the under, myself.

TARP was deliberately kept under 1 Trillion to ensure it had a chance of passing. If Obama had the chance to do it all over now, I guarantee it's like 1.2T at least. 

Share this post


Link to post
Share on other sites
Posted (edited)

I've had a dry cough since last week. I have self isolated for everyone else's safety. A few of my friends I met last weekend have also isolated after getting mild to medium symptoms.

 

I hope everyone takes care of themselves and doesn't dwelve too much into panic mode, but does take this as serious as possible.

 

Sadly, this situation has shown how poor a lot of countries politic leadership is.

Edited by theultimatebiu
spelling
  • Sad 3

Share this post


Link to post
Share on other sites

On the economic front the US Government is going to have to provide support to both workers and companies. 

As the unemployment rate rises people are going to have to receive payments so they can live. I'm lucky, my whole group is now working from home and my son is homeschooled - so not really huge changes for my family. Our house also backs up to Army Core of Engineer land so we go walk in the woods every day - don't have to worry about being close to others - one advantage of not living in the middle of a city.

 

I believe they are talking about 2 payments now and i suspect there will have to be more if this goes on past the early summer months as payroll tax cuts only help those who are employed. As far as companies, various industries are going to need support to keep companies from going out of business. Companies that are highly capital intensive will only have so long with their cash reserves. For company assistance I would create a program similar to TARP. Basically money that will ultimately have to be paid back to the government with interest. The US government ended up getting all of its money back with some interest by the time the TARP program wound down. They should also be open to 0 or low interest SBA's otherwise alot of small businesses will fail.

 

it really frustrates me to see the video of all the spring breakers on Clearwater Beach right now. And when they are interviewed, saying they aren't that worried because they are on sand and there aren't many things to touch like doorknobs. That while they are a little worried they are not going to let it ruin their spring break. These young adults are going to leave in the next few days and with college campuses mostly offline now, aren't going to be going back to college but many to their home communities. Given FL is one of the states with more cases right now, some are certainly going to go home infected (and likely not knowing they are) and then will spread it in communities around the country.

Share this post


Link to post
Share on other sites
7 minutes ago, grim22 said:

TARP was deliberately kept under 1 Trillion to ensure it had a chance of passing. If Obama had the chance to do it all over now, I guarantee it's like 1.2T at least. 

TARP was 2008 under Bush. Which is why I mentioned it as opposed to the American Recovery and Reinvestment Act of 2009 as the situations are similar, if not exactly the same, as Trump is seeking re-election as opposed to W. Bush being a lame duck.

Share this post


Link to post
Share on other sites
22 minutes ago, cdsacken said:

It's hard to say. Part of me feels like some areas will be like Italy, some like South Korea.

 

 

If I had to hazard a guess, I'd say the US will track somewhere in between. On the one hand, we have a very good (albeit super expensive to use) health care system. That will help keep mortality rates lower. However, we have a generally unhealthy population. Obesity, diabetes, heart disease and high blood pressure are rampant problems in the US. This is really bad news because 99% of Those Who Died From Virus Had Other Illness, Italy Says

 

A large chunk (no pun intended) of the age 40+ population of the US may fall into the high risk category for this virus. We need more data to be sure.

Share this post


Link to post
Share on other sites

To our Canadian friends, has the Canadian government made any decisions on how they are going to handle all the snowbirds?

It feels like half of Canada live in FL and AZ during the winter.

Share this post


Link to post
Share on other sites
3 minutes ago, RamblinRed said:

To our Canadian friends, has the Canadian government made any decisions on how they are going to handle all the snowbirds?

It feels like half of Canada live in FL and AZ during the winter.

 

 

They can return but are asked to isolate for 14 days

 

If isolation efforts fail govt may enact war time measures and invoke mandatory isolations. 

Share this post


Link to post
Share on other sites

"Stay inside" seems like a very easy answer to a very complex situation on people taking their own preventive measures. Staying inside weakens your immune system. Lethargy and sedentary lifestyles does nothing to contribute to the physical or psychological well being of an individual. Look at California's SHU program for a major example of that. I think the media needs to be more precise with the dialogue concerning "self isolation". The broad definition of the term is causing more harm than good right now.

Share this post


Link to post
Share on other sites
4 minutes ago, doublejack said:

If I had to hazard a guess, I'd say the US will track somewhere in between. On the one hand, we have a very good (albeit super expensive to use) health care system. That will help keep mortality rates lower. However, we have a generally unhealthy population. Obesity, diabetes, heart disease and high blood pressure are rampant problems in the US. This is really bad news because 99% of Those Who Died From Virus Had Other Illness, Italy Says

 

A large chunk (no pun intended) of the age 40+ population of the US may fall into the high risk category for this virus. We need more data to be sure.

The US is so diverse in terms of both ethnicity and population density that results are likely going to vary quite a bit.

 

Areas like the ACELA corridor or the megacenters of CA are more likely to be hotspots due to their population densities. But you also have states that have incredibly low population densities where the rate of spread is likely to be alot lower just due to how spread out people are. 

You even have alot of big metro areas in the US that have grown up over the last 50 years that have much lower population densities than the cities in the NE or European cities.

 

As you also mention we have a very good, but expensive health care system. Was looking at that last night and it rates higher than its peer countries for things like cancer mortality rates, rates of post-operative sepsis. But it has the highest percentage of ER use. Basically we are really good the more expensive and more specialist based you need your medical care to be but are not good at preventative healthcare.

 

Right now NYC and the tri-state area is obviously the biggest hot spot in the US. Almost 40% of all positive cases right now are in NY.

 

  • Like 1

Share this post


Link to post
Share on other sites
38 minutes ago, Lordmandeep said:

Stock market is so crazy

 

Bonds are down

Stock Market is down

 Price of Gold is down

 

There are no safe spots at all.

 

Insane 

That's the hallmark of really bad economic times approaching. Usually during a recession you expect to see stocks down but commodities and / or bonds up. People look for safe havens, as you said.

 

In this case, what is happening is large amounts of money completely leaving the market. When investors don't want to touch anything, that's bad. Really, really bad. I expect stocks to continue falling, and we could be entering a multi-year recession or depression.

 

Combine this with the fact that the reserve requirement has been slashed to 0% for banks tells us all we need to know. Even the Fed expects a once in a lifetime economic downturn. What is coming is going to make the 2000 and 2008 crashes look like child's play.

  • Like 1

Share this post


Link to post
Share on other sites
Posted (edited)

@Jason

@DAJK

@cax16

@baumer

 

I was wondering you think a Italy, Spain style lockdown will happen here in Canada and if it  does the logistics of it seem crazy?

 

Could it be city specific was we are a huge nation.

 

Like no reason to lock down Rural PEI... 

Edited by Lordmandeep

Share this post


Link to post
Share on other sites
Posted (edited)
11 minutes ago, ThePhasmid said:

"Stay inside" seems like a very easy answer to a very complex situation on people taking their own preventive measures. Staying inside weakens your immune system. Lethargy and sedentary lifestyles does nothing to contribute to the physical or psychological well being of an individual. Look at California's SHU program for a major example of that. I think the media needs to be more precise with the dialogue concerning "self isolation". The broad definition of the term is causing more harm than good right now.

As an example of that, here in Sacramento, when they issued the Stay at Home directive, they explicitly mentioned that folks should contuine walking about outside in their neighborhoods, presumably for those very reasons.

 

I know I joked about this being Gen X's moment earlier in the thread, but we're also famous for going out to malls and just hanging out.  So even we knew the virutes of not being shut in at home 24/7.  We were also the generation before helicoptering parenting really took over, so we were used to just going out and amusing ourselves.  Running around the neighborhood unsupervised and whatnot.

 

This is the same thing. Make sure you go out and take a few walks in the neighborhood if you can.  DON'T be cooped up staring at the four walls all the time. And for goodness sakes, don't follow the COVID news 24/7.  Keeping yourself mentally sane, and this includes walking outside, is just as important as physical safety.

Edited by Porthos
  • Thanks 1

Share this post


Link to post
Share on other sites

Dont watch Convid news 24/7 but pay attention time to time.

 

Its like every other hour the government is taking historic measures never before seen lol 

Share this post


Link to post
Share on other sites
Posted (edited)
5 minutes ago, Lordmandeep said:

Dont watch Convid news 24/7 but pay attention time to time.

 

Its like every other hour the government is taking historic measures never before seen lol 

i just think that these kind of measure if they hold for a long period of time it will destroy everything  , the people too, and i dont know if its worth it, to fix one problem but create another 5 , i dont think that countrys can have lockdown like italy for more than 4 months really,for many reasons,its already hard already so all in all, i think that measures are very good, but i also think that need to act quickly, if they dont want to have more problems than they already have

 

 

 

ps i think that sciencetist, say correct things, but  things that are extremly hard to do, if posssible 

Edited by john2000
  • Like 1

Share this post


Link to post
Share on other sites

In the "brighter" spot, Iceland apparently tested about everyone, about 1% of their population had it and no death yet (a tourist on the island did die too).

 

If Italy has a similar about 1% of their population with it (one village in Italy made the experiment a while ago and tested everyone, around 3% of them were infected, they did put all of them in quarantine and now it is gone), that would be 600k Italien infected for those 2,500 death.

 

 

Share this post


Link to post
Share on other sites
55 minutes ago, Lordmandeep said:

Hearing some in the stock market are saying the Stock Market should be shutdown for 2 weeks to let everyone adjust. 

Problem is that is risky, it could actually make things worse.

Share this post


Link to post
Share on other sites
1 hour ago, Lordmandeep said:

Stock market is so crazy

 

Bonds are down

Stock Market is down

 Price of Gold is down

 

There are no safe spots at all.

 

Insane 

I feel like most are playing greedy keeping large cash and trying to time a re-entry instead of investing in the traditional safe spot.

  • Thanks 1

Share this post


Link to post
Share on other sites
27 minutes ago, ThePhasmid said:

"Stay inside" seems like a very easy answer to a very complex situation on people taking their own preventive measures. Staying inside weakens your immune system. Lethargy and sedentary lifestyles does nothing to contribute to the physical or psychological well being of an individual. Look at California's SHU program for a major example of that. I think the media needs to be more precise with the dialogue concerning "self isolation". The broad definition of the term is causing more harm than good right now.

I see somebody does not understand this is a crisis, and stopping the spread of Corona 19 is an absolute priority.

Normally that is good advice;this is not a normal situation.

And it's the public health officials giving the "stay indoors as much as possble" advice.Think they have not taken your advice into consideration?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use and Guidelines. Feel free to read our Privacy Policy as well.