JDSoCal
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Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Mar 16, 2020 12:58:02 GMT -8
We're obviously in new territory here. I've done a lot of reading lately on the Great Depression. The truth is, and I think the Fed's last two moves have shown, the mantra "just do something" is generally a bad policy. It wasn't until Hoover and FDR started tinkering that things really got worse. I mean think about the psychology: You see a group of firemen running with water buckets, you don't think, "that must be good news!" Banks have closed before during bank runs just for solvency reasons. But people are left without their money to spend and the value of the currency crashes because currencies still trade even if banks are closed. BUT with stocks, if the market is closed, stocks can't devalue (at least not officially). And people generally don't need their stocks to buy food with. Dividends still pay on time. Good thing Apple has that stockpile of wealth (that the Frogs just raided for $1.2B of our money). But the question is, would it do any good? Markets could just drop like a mofo when they do open. Maybe just keep futures open and wait for green? It just makes no sense to me to close everything but leave the markets open. It's like letting your house burn down because it's a total loss and you don't want to get singed, but all your money is still inside. Hey, the government has already intervened. At this point, saying "but capitalism" to keep the markets open after the cows have already left the barn may be letting one's dogma run over his Karma.
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Post by archibaldtuttle on Mar 16, 2020 13:40:29 GMT -8
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4aapl
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Post by 4aapl on Mar 16, 2020 14:02:31 GMT -8
4aapl... do you seriously think closing the market would help?! You want to pause things and let people have a chance to digest the news. Even if this hit everyone in the world, and killed 5%, mankind wouldn't end. In reading about 1929, and many of the other panics, manias, and crashes (hey, someone wrote a book about that, and it's available online for free), that's what they did. They shut it down, for a day or more. I'd swear the market has been shut down multiple times in the past 22 years. 2008? 9/11? It seems like it, but I may be wrong. I'm not saying it needs to be shut down for a month. But a day or more would have a justifiable position. If this is the push that the country and world is making, then it's an all in solution. And while the medical side is the primary concern, the financial side is a secondary concern. But I could be wrong. This is a strange beast, that we don't yet understand, but can't delay until we fully understand it. People have lots of varying views on it, which leads to unsupported action, no matter what that action is. Instead, we need to come together, driving a full "We can do it!" attitude. But, that's not where we are at, and I don't know how we can get there if attacking a non-human threat can't even drive it.
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Post by silkstone on Mar 16, 2020 14:54:23 GMT -8
4aapl... do you seriously think closing the market would help?! You want to pause things and let people have a chance to digest the news. Even if this hit everyone in the world, and killed 5%, mankind wouldn't end. In reading about 1929, and many of the other panics, manias, and crashes (hey, someone wrote a book about that, and it's available online for free), that's what they did. They shut it down, for a day or more. I'd swear the market has been shut down multiple times in the past 22 years. 2008? 9/11? It seems like it, but I may be wrong. I'm not saying it needs to be shut down for a month. But a day or more would have a justifiable position. If this is the push that the country and world is making, then it's an all in solution. And while the medical side is the primary concern, the financial side is a secondary concern. But I could be wrong. This is a strange beast, that we don't yet understand, but can't delay until we fully understand it. People have lots of varying views on it, which leads to unsupported action, no matter what that action is. Instead, we need to come together, driving a full "We can do it!" attitude. But, that's not where we are at, and I don't know how we can get there if attacking a non-human threat can't even drive it. This might be gods way of teaching us humans how to work together on a problem we can’t see or touch, kinda like climate change.
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Post by macster on Mar 16, 2020 15:14:15 GMT -8
President Trump has changed the model of how we deal with crises, like the Wuhan Virus. Less big gov't and effective collaboration with the private sector. A Vaccine is already in clinical trial. Dr. Fauci describes the "record" speed of the development of a clinical trial coronavirus vaccine. "When we first started, I said it would be 2 to 3 months...this has been now 65 days which I believe is the record.” Deborah Birx “President Trump’s early action to fight coronavirus gave us time to develop a decisive and strong response.” “Because of that we gained time to really get together and understand the progress across the globe of what has worked and what hasn’t worked.” In the meantime...
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Mar 16, 2020 15:20:03 GMT -8
Well with the chronically wrong Kudlow predicting a short-term economic impact, we can pretty much assume this will now be longer recession scenario. At least the delusional dotard was forced to declare a national emergency after weeks of minimizing and trivializing the threat. Unfortunately the damage from incompetence and delay has been done and the nation will be feeling serious repercussions. As bad as this will be, I remain confident that Apple and Tim Cook know how to weather the storm. Good luck to the longs!
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Post by silkstone on Mar 16, 2020 15:25:42 GMT -8
President Trump has changed the model of how we deal with crises, like the Wuhan Virus. Less big gov't and effective collaboration with the private sector. A Vaccine is already in clinical trial. Dr. Fauci describes the "record" speed of the development of a clinical trial coronavirus vaccine. "When we first started, I said it would be 2 to 3 months...this has been now 65 days which I believe is the record.” Deborah Birx “President Trump’s early action to fight coronavirus gave us time to develop a decisive and strong response.” “Because of that we gained time to really get together and understand the progress across the globe of what has worked and what hasn’t worked.” In the meantime... Even if the research goes well, a vaccine would not be available for widespread use for 12 to 18 months, said Dr. Anthony Fauci of the U.S. National Institutes of Health. I hope he’s wrong but I doubt it.
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Mar 16, 2020 15:31:40 GMT -8
President Trump has changed the model of how we deal with crises, like the Wuhan Virus. Less big gov't and effective collaboration with the private sector. A Vaccine is already in clinical trial. Dr. Fauci describes the "record" speed of the development of a clinical trial coronavirus vaccine. "When we first started, I said it would be 2 to 3 months...this has been now 65 days which I believe is the record.” Deborah Birx “President Trump’s early action to fight coronavirus gave us time to develop a decisive and strong response.” “Because of that we gained time to really get together and understand the progress across the globe of what has worked and what hasn’t worked.” In the meantime... Thanks, this may explain why the after hours is green. AAPL is up over 3% and growing.
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JDSoCal
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Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Mar 16, 2020 15:40:40 GMT -8
Well with the chronically wrong Kudlow predicting a short-term economic impact, we can pretty much assume this will now be longer recession scenario. At least the delusional dotard was forced to declare a national emergency after weeks of minimizing and trivializing the threat. Unfortunately the damage from incompetence and delay has been done and the nation will be feeling serious repercussions. As bad as this will be, I remain confident that Apple and Tim Cook know how to weather the storm. Good luck to the longs! Thanks so much man; can't express how helpful your snark is to such an important discussion. As for myself, doing my part to help the economy and keep local businesses open by buying ammo and magazines.
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Post by firestorm on Mar 16, 2020 15:44:39 GMT -8
You want to pause things and let people have a chance to digest the news. Even if this hit everyone in the world, and killed 5%, mankind wouldn't end. In reading about 1929, and many of the other panics, manias, and crashes (hey, someone wrote a book about that, and it's available online for free), that's what they did. They shut it down, for a day or more. I'd swear the market has been shut down multiple times in the past 22 years. 2008? 9/11? It seems like it, but I may be wrong. I'm not saying it needs to be shut down for a month. But a day or more would have a justifiable position. If this is the push that the country and world is making, then it's an all in solution. And while the medical side is the primary concern, the financial side is a secondary concern. But I could be wrong. This is a strange beast, that we don't yet understand, but can't delay until we fully understand it. People have lots of varying views on it, which leads to unsupported action, no matter what that action is. Instead, we need to come together, driving a full "We can do it!" attitude. But, that's not where we are at, and I don't know how we can get there if attacking a non-human threat can't even drive it. This might be gods way of teaching us humans how to work together on a problem we can’t see or touch, kinda like climate change. The parallels between responses to the Coronavirus and Climate Change are pretty striking. The deniers say it isn't occurring, and even if it is, it isn't so bad, and it's certainly not worth losing a dime to try and fix it. Better to deny and obfuscate. That's what the deniers have done with climate change for 30 years, and now with coronavirus for weeks. Different time frames, but striking parallels. 2100 people have died in Italy of the virus in a very short time, with hospital beds overrun and triage the order of the day.
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JDSoCal
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Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Mar 16, 2020 15:56:33 GMT -8
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Post by silkstone on Mar 16, 2020 16:02:31 GMT -8
This might be gods way of teaching us humans how to work together on a problem we can’t see or touch, kinda like climate change. The parallels between responses to the Coronavirus and Climate Change are pretty striking. The deniers say it isn't occurring, and even if it is, it isn't so bad, and it's certainly not worth losing a dime to try and fix it. Better to deny and obfuscate. That's what the deniers have done with climate change for 30 years, and now with coronavirus for weeks. Different time frames, but striking parallels. 2100 people have died in Italy of the virus in a very short time, with hospital beds overrun and triage the order of the day. One of the most important things I learned in the military is the importance of good or even great leadership. With so many people in various levels of leadership positions and with varying degrees of responsibility, one thing becomes very clear. It’s easy to lead and look good doing it when everything is going as planned, things are falling into place. But sometimes the shit hits the fan and everything goes sideways, that’s when strong and competent leadership is exposed for all to see and how great careers are made. Of course, the other side of the coin is also exposed.
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Post by macster on Mar 16, 2020 16:02:50 GMT -8
This might be gods way of teaching us humans how to work together on a problem we can’t see or touch, kinda like climate change. The parallels between responses to the Coronavirus and Climate Change are pretty striking. The deniers say it isn't occurring, and even if it is, it isn't so bad, and it's certainly not worth losing a dime to try and fix it. Better to deny and obfuscate. That's what the deniers have done with climate change for 30 years, and now with coronavirus for weeks. Different time frames, but striking parallels. 2100 people have died in Italy of the virus in a very short time, with hospital beds overrun and triage the order of the day. The parallels between fact and fiction is growing. The arctic ice sheets have been growing and the west antarctic sheet is bigger than ever before. I just looked at the links supporting this but I'm not doing it here in the daily thread. But its better to deny and obfuscate lol.
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4aapl
Moderator
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Post by 4aapl on Mar 16, 2020 16:05:03 GMT -8
Wow, real news! I even double checked coronavirus.gov, to make sure. It just looked too easy, too obvious.
Sadly, though we might not have been ready for it, this info was available a week or more ago, and was even in Trump's Wednesday speech I believe. IMO, with people's short attention spans these days, including mine, this sort of concise statement is what was needed.
...no matter the current president, nor his preference towards twitter.
This was the sort of concise "one pager" that I liked to use 15 years ago at Apple to pass on information. Just as the move to having a resume being just a page (do they still use those?)
If offices weren't empty, this is what you could print (rumor has it millennials don't own printers) and put by the water cooler or coffee pot.
I don't consider this breakthrough or earth shattering in the least, nor do I give this administration any more or any less backing due to it. It's just something that needed to be done.
But keep it up, and back it up. Switch to offense on the psychological front while you have a little momentum between this and the start of a process on a vaccine. I think there are countless people ready to volunteer to be a pin cushion for a vaccine trial, starting with people in the healthy and young category. Given the talk of pushing aside regulation, it seems like trials will be fast tracked, if nothing more than for the crowd panic abatement program.
And yes, especially a week or two past person zero's injection, I would have no problems volunteering to be given the vaccine, and then a week later given the virus. I think many would volunteer, that are in the low risk arena and want to help protect the masses. But I give blood, build trails, have been on CERT, and will be joining Search and Rescue. Bring It!
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Mar 16, 2020 16:32:07 GMT -8
This might be gods way of teaching us humans how to work together on a problem we can’t see or touch, kinda like climate change. The parallels between responses to the Coronavirus and Climate Change are pretty striking. The deniers say it isn't occurring, and even if it is, it isn't so bad, and it's certainly not worth losing a dime to try and fix it. Better to deny and obfuscate. That's what the deniers have done with climate change for 30 years, and now with coronavirus for weeks. Different time frames, but striking parallels. 2100 people have died in Italy of the virus in a very short time, with hospital beds overrun and triage the order of the day. Lack of leadership, education, and foresight have hobbled our ability to address climate change, and yes the same can be said for the bungled response to COVID-19 in the US. But when you have fringe voices on national media pushing anti-science dreck and celebrating willful ignorance, you can’t feign much surprise. There just seems to be a certain segment of the population that is susceptible to misinformation and conspiracy theories. I really look at Tim Cook as an example of competent, effective leadership. He continues to impress with every test. I’ve said it before, but we’re so fortunate to have him at the helm in these dark times.
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Post by silkstone on Mar 16, 2020 16:41:48 GMT -8
I’ll go with what dr. Fauci said today.....”Even if the research goes well, a vaccine would not be available for widespread use for 12 to 18 months”. I’m happy if he’s wrong on this but people need to have factual, legitimate info if they are going to put this into its proper perspective and help us get thru it. And it will take everybody. Blowing smoke up everbodys ass with stupid tweets and preposterous statements is not going to work as the potus has finally realized. At least from his more concerned and realistic tone tonight, I think he has.
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Post by Luckychoices on Mar 16, 2020 17:33:06 GMT -8
Last Wednesday, 03/11/20, my wife and I returned home after 3 weeks in Africa. We had spent a week in each of these countries: Kenya, Tanzania and South Africa. When we deplaned at the airports, in each of the 3 countries, *all* passengers had to pass individually through a checkpoint where our temperature was taken with an infrared, no-touch, digital thermometer. This did *not* happen at our layover airport, Charles de Gaulle in Paris, France, the second-busiest airport in Europe, nor at our final destination, SFO, in San Francisco, Ca. Unfortunately, according to the enclosed attachment, the no-check at SFO was still in place yesterday, 03/15/20. Why this mandatory testing would be in place for passengers deplaning in African countries and not Charles de Gaulle and SFO is beyond me but, IMO, should have been made mandatory at all International airports at least a month ago. I know this mandatory check is happening in many other airports across the country, but the lack of staff means many hours just to get to Baggage Claim and then many more hours to make it through Customs. Meanwhile, hundreds of people are lined up in the queues, providing excellent conditions to further spread the coronavirus. Not good.
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Post by hyci004 on Mar 16, 2020 17:39:23 GMT -8
Our supreme dear leader said it was a hoax a couple of weeks ago.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Mar 16, 2020 17:43:41 GMT -8
Our supreme dear leader said it was a hoax a couple of weeks ago. What the President actually said that the hoax was the Democrats' politicization of it, as in the impeachment was a hoax (obviously impeachment happened; the reasons were a hoax), not the virus itself. A lie gets halfway around the world before the truth gets its pants on. Maybe give the CNN/MSDNC Fake News a rest and become an informed citizen. I don't consider this breakthrough or earth shattering in the least, nor do I give this administration any more or any less backing due to it. It's just something that needed to be done. Thing is, when DJT first said he was going to put the pedal to the medal on the vaccine, all the snarky lib media said, "you can't rush science" plus an ominous Deep-State like sneer, "public health workers don't like to be told to hurry." I'm guessing the Covid Team are under-promising so they can over-deliver. Waive some regs that require long-term testing if the damn thing works. It's amazing how some people will just assume the worst about every single thing a president does like he is literally Hitler. Like I said, even if we hold this to <1000 deaths, not one of you lefties will give DJT one bit of credit. "We got lucky" or "Dr Fauci is the hero." Just watch and see.
But like Reagan said, you can get a lot done if you don't care who gets credit. So here's an interesting data point: So the more we test the lower the death rate goes?
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Post by silkstone on Mar 16, 2020 17:56:57 GMT -8
Last Wednesday, 03/11/20, my wife and I returned home after 3 weeks in Africa. We had spent a week in each of these countries: Kenya, Tanzania and South Africa. When we deplaned at the airports, in each of the 3 countries, *all* passengers had to pass individually through a checkpoint where our temperature was taken with an infrared, no-touch, digital thermometer. This did *not* happen at our layover airport, Charles de Gaulle in Paris, France, the second-busiest airport in Europe, nor at our final destination, SFO, in San Francisco, Ca. Unfortunately, according to the enclosed attachment, the no-check at SFO was still in place yesterday, 03/15/20. Why this mandatory testing would be in place for passengers deplaning in African countries and not Charles de Gaulle and SFO is beyond me but, IMO, should have been made mandatory at all International airports at least a month ago. I know this mandatory check is happening in many other airports across the country, but the lack of staff means many hours just to get to Baggage Claim and then many more hours to make it through Customs. Meanwhile, hundreds of people are lined up in the queues, providing excellent conditions to further spread the coronavirus. Not good. Yea, that is disturbing. Hopefully we can get thru this pandemic with basic emergency response plans for cities, states, transportation centers, business, etc. but they don’t seem to be following any formal plans as far as what I’ve been seeing. The market’s obviously don’t like it either. This is definitely gonna give us a great baseline to get that done, I hope we don’t ignore the opportunity.
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crispin
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KBJ for the win. AAPL long and strong since 2000
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Post by crispin on Mar 16, 2020 18:20:38 GMT -8
Our supreme dear leader said it was a hoax a couple of weeks ago. "Hoax" is one of the bigger words in his very limited vocabulary, but combined with his third grade comprehension skills it's not entirely clear he knows what he's saying. And it's even harder for those suffering through the garbled rant to divine any actual intent. Basically everyone is just guessing.
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mark
fire starter
Posts: 1,552
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Post by mark on Mar 16, 2020 19:21:34 GMT -8
I think the current virus issue is way, way overdone. It is more like a new kind of flu, no more dangerous. The numbers will tell in a couple of months, and I could be wrong. Probably wrong. Because the evidence shows otherwise. Case in point, Italy experiences the flu virus every year, and some people die from it. But this corona virus is killing a LOT more in Italy so far.
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benoir
fire starter
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Post by benoir on Mar 16, 2020 19:52:34 GMT -8
The writing’s on the wall for coal, it just doesn’t make economic sense anymore, so those jobs are going. OIl is precarious in the US because of the cost of extraction. The Saudi’s and Russians are doing their best to bankrupt US companies by flooding the market. So those jobs aren’t safe either. That’s got nothing to do with climate religion theocrats. The old dog whistle JD.
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platon
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"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on Mar 16, 2020 20:43:49 GMT -8
President Trump has changed the model of how we deal with crises, like the Wuhan Virus. Less big gov't and effective collaboration with the private sector. A Vaccine is already in clinical trial.Dr. Fauci describes the "record" speed of the development of a clinical trial coronavirus vaccine. "When we first started, I said it would be 2 to 3 months...this has been now 65 days which I believe is the record.” Deborah Birx “President Trump’s early action to fight coronavirus gave us time to develop a decisive and strong response.” “Because of that we gained time to really get together and understand the progress across the globe of what has worked and what hasn’t worked.” In the meantime... Thanks, this may explain why the after hours is green. AAPL is up over 3% and growing. Yeah I invested in a company called Moderna (MRNA) a week or so ago thinking it might be a hedge against the rest of the dab of stocks I own. They were the company that went from 63 days (not 65) from sequence selection to Phase 1 study dosing. They were up plus $5 today but I am in the stock at $27+, and that is after I sold a call on it for this Friday. The stock is currently at $25+. I hope it stays below $30 so I can keep it, I think. If the patient dies I might have a change of heart. in.finance.yahoo.com/news/moderna-announces-first-participant-dosed-164200496.html"63 days from sequence selection to Phase 1 study dosing mRNA-1273 is Moderna’s 10th infectious disease vaccine to begin a clinical trial Moderna, Inc., (Nasdaq: MRNA) a clinical stage biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines to create a new generation of transformative medicines for patients, today announced that the first participant has been dosed in the Phase 1 study of the Company’s mRNA vaccine (mRNA-1273) against the novel coronavirus (SARS-CoV-2). This Phase 1 study is being conducted by the National Institutes of Health (NIH) under its own Investigational New Drug (IND) application. mRNA-1273 is an mRNA vaccine against SARS-CoV-2 encoding for a prefusion stabilized form of the Spike (S) protein, which was selected by Moderna in collaboration with investigators from the Vaccine Research Center (VRC) at the National Institute of Allergy and Infectious Diseases (NIAID), a part of NIH. Manufacture of the first clinical batch was funded by the Coalition for Epidemic Preparedness Innovations (CEPI)."
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4aapl
Moderator
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Post by 4aapl on Mar 16, 2020 21:26:15 GMT -8
Last Wednesday, 03/11/20, my wife and I returned home after 3 weeks in Africa. We had spent a week in each of these countries: Kenya, Tanzania and South Africa. When we deplaned at the airports, in each of the 3 countries, *all* passengers had to pass individually through a checkpoint where our temperature was taken with an infrared, no-touch, digital thermometer. This did *not* happen at our layover airport, Charles de Gaulle in Paris, France, the second-busiest airport in Europe, nor at our final destination, SFO, in San Francisco, Ca. Unfortunately, according to the enclosed attachment, the no-check at SFO was still in place yesterday, 03/15/20. Why this mandatory testing would be in place for passengers deplaning in African countries and not Charles de Gaulle and SFO is beyond me but, IMO, should have been made mandatory at all International airports at least a month ago. I know this mandatory check is happening in many other airports across the country, but the lack of staff means many hours just to get to Baggage Claim and then many more hours to make it through Customs. Meanwhile, hundreds of people are lined up in the queues, providing excellent conditions to further spread the coronavirus. Not good. At the same time, there was an article earlier this week, probably on CNN, that said the temperature scans were pointless as they didn't catch any of the first 10 people who flew in to various US airports and later had it. I think only 6 went through US airports that were scanning, so really 0 for 6. I think they should be scanning even if it didn't work in those 6 cases, especially with all the stuff you have to go through coming in from overseas. Our flight was 5 months ago on Norwegian, when it was still flying into Oakland instead of SFO. We were attempting to stay awake through it, and were an hour delayed, so it came in at 1am or something. 350 people, the walking dead, having to answer screens and scan passports, then say hi to customs, then get your luggage, and then stand in line to get out of there, probably a CA agriculture inspection but we were so shot by that point it didn't much matter. Maybe it only took an hour, though seemed like 2. I liked the pics, maybe at a Chinese airport, of a thermal scan on a monitor, instead of forehead scans on each person. That let people keep on moving, instead of being yet another bottleneck. Fun times. No complete lockdown here, yet, but I'm sure we're not too many steps away due to the proximity and visitation patterns of the bay area. Like the San Jose mayor said, "We must move aggressively. This is not the moment for half-measures." Just a blip in history, even if it's a bit of a pain right now.
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on Mar 16, 2020 21:43:41 GMT -8
Our supreme dear leader said it was a hoax a couple of weeks ago. What the President actually said that the hoax was the Democrats' politicization of it, as in the impeachment was a hoax (obviously impeachment happened; the reasons were a hoax), not the virus itself. A lie gets halfway around the world before the truth gets its pants on. Maybe give the CNN/MSDNC Fake News a rest and become an informed citizen. I don't consider this breakthrough or earth shattering in the least, nor do I give this administration any more or any less backing due to it. It's just something that needed to be done. Thing is, when DJT first said he was going to put the pedal to the medal on the vaccine, all the snarky lib media said, "you can't rush science" plus an ominous Deep-State like sneer, "public health workers don't like to be told to hurry." I'm guessing the Covid Team are under-promising so they can over-deliver. Waive some regs that require long-term testing if the damn thing works. It's amazing how some people will just assume the worst about every single thing a president does like he is literally Hitler. Like I said, even if we hold this to <1000 deaths, not one of you lefties will give DJT one bit of credit. "We got lucky" or "Dr Fauci is the hero." Just watch and see.
But like Reagan said, you can get a lot done if you don't care who gets credit. So here's an interesting data point: So the more we test the lower the death rate goes? We can subtract 29 deaths that occurred in one nursing home and get a little better picture of the mortality rate on healthy people. 1.93% March 14 (57 of 2,954) would be .94% (28 of 2,954) 1.84% March 15 (68 of 3,680) would be .76% (39 0f 3680) And it probably would be lower than that because some of those 28 that died outside that one nursing home might have also been in the endangered group----elderly with underlying heal problems. This hopefully will be a continuing trend and perhaps the mortality rate will continue to decline. Hopefully humans will develop a natural immunity to it as well. It appears though until we get a handle on it us old codgers should lay low, and we definitely need to keep it out of nursing homes and hospitals. I look at these extreme efforts to cut the affected as an acknowledgment that the virus is quite contagious and a fear that our health care system could be overwhelmed. I don't believe anyone thinks that this is going to be a planet killer, or what many here seem to be hoping for----the demise of the Orange One. We shall see. Everyone should try and stay healthy and and do and go where your conscience leads you.
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Post by macster on Mar 16, 2020 22:04:22 GMT -8
Our supreme dear leader said it was a hoax a couple of weeks ago. "Hoax" is one of the bigger words in his very limited vocabulary, but combined with his third grade comprehension skills it's not entirely clear he knows what he's saying. And it's even harder for those suffering through the garbled rant to divine any actual intent. Basically everyone is just guessing. Again the subject and object is sometimes hard for people with short attention spans and feeding off fake news. The hoax being referred to is the hateful press not the virus. Trump called it the “Chinese Virus.” The other day. This was not a slip. His intel staff has made clear that China is spreading propaganda that the US is to blame. Trump just dropped the hammer again that we will not sit back & let the lies go unanswered. There is only one culprit here: China.
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4aapl
Moderator
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Post by 4aapl on Mar 16, 2020 22:32:01 GMT -8
In reading about 1929, and many of the other panics, manias, and crashes (hey, someone wrote a book about that, and it's available online for free), that's what they did. They shut it down, for a day or more. I'd swear the market has been shut down multiple times in the past 22 years. 2008? 9/11? It seems like it, but I may be wrong. Ok, it was bugging me. From this story, it looks like there weren't any shutdowns in 2008, but it was shut for 2 days for 9/11, and there have been weather related shutdowns. money.cnn.com/2012/10/29/investing/hurricane-sandy-stock-markets/index.htmlReading historical books, they shut it down a few times. More recently, it's only done when there are problems/worries with the physical location. This time could be different? But based on recent decades, it would stay open, unless of course there was a shutdown of non-essential workforce, which is happening in some locations.
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Post by firestorm on Mar 17, 2020 4:12:41 GMT -8
Our supreme dear leader said it was a hoax a couple of weeks ago. What the President actually said that the hoax was the Democrats' politicization of it, as in the impeachment was a hoax (obviously impeachment happened; the reasons were a hoax), not the virus itself. If the moron in charge had a stronger vocabulary, he would be better off. But he has used the word "hoax" to apply to all sorts of situations and only the deeply stupid and gullible believe that he knows what he is talking about. Whatever you think of the death rate, we could end up like Italy, with people dying in the hallways or parking lots of hospitals because there are not enough beds. This is emphatically not a hoax, nor is the media's response to it. The only thing that is a hoax ia the cynical denial that this is an important even in America, comparable in significance to 9/11 and the Great Recession, and perhaps moreso. With a moron in charge and cult members believing him.
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