OT: Coronavirus (COVID-19) Part II (READ THE OP)

[FIRE DRURY]

Gym’s closing at 8pm?!

But, today was the day I was going to start making changes to better my health. Crazy.

 

[True Blue]

@True Blue are we in a recession yet?

No.

 

[Ola]

We are going to follow the same rules for this thread that exist in the COVID-19 forum.

You may critique the response of government but don't make it political.
Posts attributing motives because it involves this or that political party/politician/ideology will not be tolerated.

Examples:
Allowed: "Trump doesn't know what he's doing, the response was too little too late"
Not Allowed: "The only reason the response was so slow was to keep the stock prices high so he can get reelected"

Allowed: "The media is over-reporting this and it's going to make things worse"
Not Allowed: "The liberal media is over-reporting this because they're trying to bring down Trump"


Miracle cures, home remedies, and medical advice should not be posted.

Here is a tracker from Johns Hopkins.

Johns Hopkins Coronavirus Resource Center

---

Those %:ages are surely wrong. Obviously largely only more severe cases have been tested.

 

[Irishguy42]

Gym’s closing at 8pm?!

But, today was the day I was going to start making changes to better my health. Crazy.

There's always New Years 2021

 

[JimmyG89]

Actually not the case. Cuomo has continually outlined the help he has not received from Federal authorities, and even outlined additional items in a direct letter to Trump yesterday.

If you want to see an example, look at the video request for Gateway Tunnel Project, a video with a targeted audience of one. Cuomo pulls punches on personal attacks when he really needs assistance.

Testing capabilities is what the states have needed for weeks and the federal government has failed states in an unimaginable scale, despite the many weeks of warning from developments in other countries.

We've hardly even started testing people for real here and it's mainly because of federal inaction so I don't know what you're talking about.

No, I'll take the example on the actual pandemic that is ongoing right now.



So, that last line you typed, is actually false based on Cuomo's exact words. The feds worked to cut the red tape to make sure that more testing could happen. That allows the states to make the moves they need to, that fit their specific needs.

This is how it's supposed to work. Cuomo has a better grasp of what NYS needs, just like DeBlasio should have a better grasp of what NYC needs. The Feds should be there for further support to make sure they get what they need, not provide for everyone.

 

[frozenrubber]

No, I'll take the example on the actual pandemic that is ongoing right now.



So, that last line you typed, is actually false based on Cuomo's exact words. The feds worked to cut the red tape to make sure that more testing could happen. That allows the states to make the moves they need to, that fit their specific needs.

This is how it's supposed to work. Cuomo has a better grasp of what NYS needs, just like DeBlasio should have a better grasp of what NYC needs. The Feds should be there for further support to make sure they get what they need, not provide for everyone.

From the conference today:

“We've got to work through this together. The feds have been asleep at the switch," Connecticut Gov. Ned Lamont told reporters on a conference call.
Lamont, Cuomo, and New Jersey Gov. Phil Murphy are Democrats. The trio took aim at what they called lagging federal action in response to the crisis. It's unclear when business will return to normal.
“It's chaos. I think it actually feeds the feeling that the country's out of control. There is no clear direction, there is no clear path,” Cuomo said during a joint conference call with the other governors.

And since you used a conservative outlet (Washington Examiner), I'll provide a timely example from the similar conservative outlet:

View media item 7477
Any statement that Cuomo has effuisve, not anything more than beyond customary, praise of federal action is disingenuous and cherry picking.

 

[Fugazy]

Gym’s closing at 8pm?!

But, today was the day I was going to start making changes to better my health. Crazy.

I'm going to use this as an excuse to my wife

 

[Ola]

So dumb that it took this long for such action.

Were they expecting things to get better over the past week?

I think that a few things they are considering are:

1: It’s really important to time actions right. If you shut down a nation, it’s really really expensive. Of course. Many companies will immediately start to lay off employees and so forth. Hospitals and crucial parts of society will become understaffed etc.

I am sure it’s the same in the US between different states, in Europe we are seeing many more populist leaders take really hard measures. Others do a lot less, and say that the timing is wrong for the most severe actions. That it will become counter productive because you cannot shut down an entire nation got 2 months.

2. By far the best action any society can take is for sick people to stay at home. Even people that are just very mildly sick.

To get people to realize the necessity of this, it can be valuable to implement actions that everyone will notice, even if they are not super effective.

 

[JimmyG89]

From the conference today:

“We've got to work through this together. The feds have been asleep at the switch," Connecticut Gov. Ned Lamont told reporters on a conference call.
Lamont, Cuomo, and New Jersey Gov. Phil Murphy are Democrats. The trio took aim at what they called lagging federal action in response to the crisis. It's unclear when business will return to normal.
“It's chaos. I think it actually feeds the feeling that the country's out of control. There is no clear direction, there is no clear path,” Cuomo said during a joint conference call with the other governors.

Coronavirus outbreak spurs New York, New Jersey, Connecticut to shut bars, restaurants and movie theaters

Lamont sounds like a guy that doesn't want to do his job.

It's not the responsibility of the President of the US to do the things he wants them to do. The spectrum of the job is too wide. He has an entire country to dictate policy for.

The best course of action is to allow those closer to the situation to be able to resolve things. As far as I can tell, those are the things the federal government is doing. They can provide financial support where it is needed, tapping into FEMA based the national emergency.

It's the biggest reason why the argument for the federal government to continue to grow is the worst thing that can be done. All you'll get is inaction. Other places can have a larger national government because they are smaller than some of our average sized states. I'm not sure that there is a better argument for shrinking the federal government than after this. States should be leading themselves, but they've gotten too used to the feds taking over instead of letting them act. It's how the country was set up, it was how it became prosperous, and it's how they'll get past this pandemic.

As for the FOX News image in response to a "conservative" outlet. It's his direct quote. You can go find a video of it anywhere.

 

[Crease]

Those %:ages are surely wrong. Obviously largely only more severe cases have been tested.

My insurer told me that CDC is currently limiting testing based on symptoms, age, and health history.

 

[PuckLuck3043]

No.

Too early but somebody is going to have to pay the piper. Market down nearly 30% from it's high, serious problem, and I understand corrections and bear markets. GDP growth is going to be in the toilet and many people are going to lose their jobs. Not good.

 

[PuckLuck3043]

My insurer told me that CDC is currently limiting testing based on symptoms, age, and health history.

Which makes sense being that everybody with a runny nose and cough can't get tested.

 

[Machinehead]

Too early but somebody is going to have to pay the piper. Market down nearly 30% from it's high, serious problem, and I understand corrections and bear markets. GDP growth is going to be in the toilet and many people are going to lose their jobs. Not good.

We'll cross that bridge when we come to it.

 

[NYSPORTS]

MLB pushes opening day back indefinitely

 

[Beer League Sniper]

Idris Elba tested positive for COVID-19. Guess the apocalypse is back on...

 

[Crease]

Does anyone foresee the US closing its border to green card holders? My wife is in SEA for work and is planning on coming back next week. The Euro restrictions did not apply to green card holders so we're not concerned about her getting blocked out at this point.

 

[Beer League Sniper]

I don't see how it's even worth trying something like that for the Trump Administration. A legal shitstorm would ensure, with injunctions being filed and any Executive Order being held up long enough not to matter anymore.

Unless it's a play at the xenophobes in his base (who seem to think this is fake news anyway), I don't see it.

 

[Crease]

I don't see how it's even worth trying something like that for the Trump Administration. A legal shitstorm would ensure, with injunctions being filed and any Executive Order being held up long enough not to matter anymore.

Unless it's a play at the xenophobes in his base (who seem to think this is fake news anyway), I don't see it.

I figured as much. Canada's border measures today have me spooked a bit.

 

[True Blue]

Too early but somebody is going to have to pay the piper. Market down nearly 30% from it's high, serious problem, and I understand corrections and bear markets. GDP growth is going to be in the toilet and many people are going to lose their jobs. Not good.

I am not doubting that the country could very well lurch into a recession. But that will not be known until probably September. Despite the chaos, I think that Q1 finishes with positive growth.

But yes, the effects will be cumulative. Small businesses going under and small business employees loosing their jobs. People staying home, which means no consumer spending. It all feeds on each other.

Most view a recession as a 50-60% probability. I do believe however, that if and when it does occur it will be very steep but relatively short lived. All of the economic data prior to this outbreak did not signal any weakness.

 

[will1066]

Idris Elba tested positive for COVID-19. Guess the apocalypse is back on...

Oh snap

 

[PuckLuck3043]

I am not doubting that the country could very well lurch into a recession. But that will not be known until probably September. Despite the chaos, I think that Q1 finishes with positive growth.

But yes, the effects will be cumulative. Small businesses going under and small business employees loosing their jobs. People staying home, which means no consumer spending. It all feeds on each other.

Most view a recession as a 50-60% probability. I do believe however, that if and when it does occur it will be very steep but relatively short lived. All of the economic data prior to this outbreak did not signal any weakness.

Yup, Q1 should be positive but Q2 and Q3 will be disasters. I do hope that when we do officially enter into a recession that less people will lose their jobs than I think and it won't be prolonged.

 

[offdacrossbar]

I am not doubting that the country could very well lurch into a recession. But that will not be known until probably September. Despite the chaos, I think that Q1 finishes with positive growth.

But yes, the effects will be cumulative. Small businesses going under and small business employees loosing their jobs. People staying home, which means no consumer spending. It all feeds on each other.

Most view a recession as a 50-60% probability. I do believe however, that if and when it does occur it will be very steep but relatively short lived. All of the economic data prior to this outbreak did not signal any weakness.

the market fundamentals prior to covid19 were sound. unemployment all time low. median household income all time high. the trump economy was humming along. then the black swan happened.

the market was ripe for a pull back but this is a full blown meltdown.

i expect this will slow the world economy enough to trigger a global recession. i believe the US recession will be both less drastic and shorter term.

im heavily weighted in tech. its been an incredible run and i expect it to return once this thing settles down. im all in on FAANG.

tech will always drive this economy.

 

[Edge]

Lamont sounds like a guy that doesn't want to do his job.

It's not the responsibility of the President of the US to do the things he wants them to do. The spectrum of the job is too wide. He has an entire country to dictate policy for.

The best course of action is to allow those closer to the situation to be able to resolve things. As far as I can tell, those are the things the federal government is doing. They can provide financial support where it is needed, tapping into FEMA based the national emergency.

It's the biggest reason why the argument for the federal government to continue to grow is the worst thing that can be done. All you'll get is inaction. Other places can have a larger national government because they are smaller than some of our average sized states. I'm not sure that there is a better argument for shrinking the federal government than after this. States should be leading themselves, but they've gotten too used to the feds taking over instead of letting them act. It's how the country was set up, it was how it became prosperous, and it's how they'll get past this pandemic.

As for the FOX News image in response to a "conservative" outlet. It's his direct quote. You can go find a video of it anywhere.

BTW, as someone who works with some of the corporate clients who were mentioned on Friday, they are struggling mightily with their supply chains right now. So if anyone is expecting the private sector to swoop in like the cavalry, you're going to be disappointed.

 

[will1066]

 

[will1066]

Gatherings down from 50 to 10 people now.

Trump sounding like shit got real at last.