Originally posted by Bouncer
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Says the bitch that started all the post about covid and thinking the world is coming to apocalypse.Originally posted by Bouncer View Post
Fake news they closed my son's school for a month and now I gota ping pong back and forth with him
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Anywho.Originally posted by Bouncer View Post
Was suppose to corner a boxing match tomorrow. Guess what? Canceled...
But the dip
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False. Entire countries are shutting down. None of the viruses you listed had even 10% of the effect this is having on the economy. The world economy has not been effected in this way since WW2.Originally posted by lipripper View Post
Pull your head out of your ass.
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Shits getting way overblown by news media...just be smart folks.. it's another florm of flu/ pneumonia... Gee .Asian flu swine flu sars...just another news hype..world's not gonna fucking end.Leave a comment:
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I hope you being sarcasticOriginally posted by Bouncer View Post
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we are smartening up here bori.. don't underestimate America my boy. we have the greatest scientists and innovators in the world by far. we make mistakes but once we get focused nobody can match us.. not even close. go against america at your peril boy.
https://www.bloomberg.com/news/artic...r?srnd=premiumLeave a comment:
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Yet you got pro athletes getting tested in a matter of minutes and gettin results next day while regular Joe has to wait weeks.
When I went to my doc we talked a little bit about this and all he said was. All I have to do is gibe u a swab and that's it.
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https://www.cnbc.com/2020/03/12/top-...s-failing.html
U.S Health care official says testing system is a fail!
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We Need Coordinated Monetary and Fiscal Stimulus to Counteract Coronavirus- Published on March 10, 2020
Ray Dalio
Co-Chief Investment Officer & Co-Chairman of Bridgewater Associates, L.P.
Anyone who is knowledgeable and plain-speaking will tell you that the negative economic impact of the coronavirus outbreak will probably be big, that monetary policy will be of little use to counteract it, and that co-ordination between political leaders and central bankers is both essential and unlikely.
What the US Federal Reserve has to offer — slightly cheaper borrowing costs and/or printing money and buying financial assets — won’t give help to those who need it. What those people and companies in distress will need (besides good medical support) is financial support to survive through serious temporary declines in their incomes.
While the emergence of coronavirus, and the economic shock that will come from it, is a surprise, several things have been obvious for some time.
First, it has been clear that an economic downturn would someday come from one trigger or other. Second, that the US economy is heavily indebted. Third, that with interest rates near zero monetary policy alone cannot be very stimulative.
Fourth, that we are now in the part of the long-term debt cycle when there needs to be good co-ordination between fiscal and monetary policymakers to handle downturns well. And last, but not least, it is obvious that the big wealth and political gaps we are now experiencing will make such co-ordination hard to come by.
Looking back to periods in history when this configuration of circumstances occurred (the last time was in the 1930s), the key differentiating factor between success and failure was the ability of fiscal and monetary policy leaders to co-ordinate.
So what needs to be done now? Most importantly, those who will be hardest hit by the virus need to be protected via fiscal policies such as bridge loans and financial assistance.
Some people will argue that providing such assistance is a bad idea. They say that our Darwinian economic system is designed to shake out those who don’t manage their finances well, or that fiscal assistance will grow the deficit.
Neither of those arguments makes any sense to me. This crisis is not a test of people and companies’ economic viability, and the cost of not providing assistance will be greater than the cost of providing it.
The coronavirus is a natural disaster, like a hurricane, that warrants financial support for responsible people and companies that would otherwise be broken by it.
There are many people living near the poverty line with no financial cushion whose economic security will be hit as hard as their health by the coronavirus tsunami. A number of otherwise strong companies likewise won’t be able to withstand the downturn.
Now imagine adding the twin health and economic shocks delivered by the outbreak and where that will lead. Imagine many companies suffering debilitating revenue losses, some too indebted because of persistently cheap money and other incentives to borrow, that will force them to cut payments to their employees and default on their debts.
Their economic problems will spread just like the virus. Providing assistance in this case is not only humane; it is good economic policy to save productive people and companies that would be broken by this situation.
The scale of the support should be in line with the scale of the crisis. It will increase the deficit which, all else being equal, will raise interest rates.
That’s where the Fed might need to come in to hold interest rates down, if need be by printing money and monetising the debt. While this fiscal-monetary co-ordination is controversial, it is the best policy under the circumstances of the economy now being so indebted and with other forms of stimulation ineffective. It is also a policy we all need to get used to because it is the only way economic policymakers will be able to deal with economic downturn in this era of near-zero interest rates.
The only remaining question to me is whether our fragmented political system, led by people who are more inclined to fight each other than to co-operate, can achieve what needs to be done.
This post originally appeared in the Financial Times.
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Looks like the virus can be transmitted from humans to dogs..
Hong Kong Confirms Pet Dog Has Coronavirus in Suspected Human-to-Animal Transmission
The pet dog of a coronavirus patient in Hong Kong was confirmed to be infected with the disease, in a likely case of human-to-animal transmission, authorities said on Wednesday.
The canine, which belongs to a 60-year-old woman patient, had repeatedly tested "weak positive" for the new coronavirus since Friday, when it was quarantined at an animal centre.
The city's Agriculture, Fisheries and Conservation Department (AFCD) said repeated tests suggest the dog – a Pomeranian – has "a low-level of infection".
The AFCD said experts from universities and the World Organisation for Animal Health have unanimously agreed that "it is likely to be a case of human-to-animal transmission".
The Pomeranian has not shown any novel coronavirus symptoms, it said.
New measures put in place by Hong Kong's government last Friday mean all pets infected with the coronavirus must be quarantined for 14 days. Two dogs are already in isolation.
The other dog in quarantine belongs to a second coronavirus patient that tested negative for the virus once and will be tested again before its release.
Authorities said they will continue to closely monitor the Pomeranian and return it to its owner when it tests negative for the disease.
"Apart from maintaining good hygiene practices, pet owners need not be overly concerned and under no circumstances should they abandon their pets," an AFCD spokesman said.
The financial hub has confirmed 104 cases of the new coronavirus in humans, with two deaths earlier this month.
https://www.sciencealert.com/it-s-co...ew-coronavirus
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just to put that number is perspective.. the spanish flu had a death rate of 2.5%...Originally posted by Mr I View Post
so the 3% number is either very inaccurate or we are seriously fucked.
if you are an older person (50 and above) with any sort of health issue or you smoke.. you are basically doomed.Leave a comment:
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