Coronavirus (COVID-19 Outbreak) (58 Viewers)

[Dostoevsky]

Bro, I’m just teasing you. It’s all in good fun. You know I love ya.

I never expect such impact on the (global) economy. I stopped working for 2 weeks due to problems with Italy since we couldn't import. I was phoned to come back to work next Monday but 10h later they declared national emergancy. I might even lose this job. It's not first job surely but it's the best just so far for me and it really sucks. Might end up broke again and I have tons of debt due to my crazy family wanting money for the flat i live in since my grandma died. Plus I need to rebuild so many things here. I was in this need of a cash and this fucking financial apocalypse around the globe happens

 

Buy on AliExpress.com

[AFL_ITALIA]

Restaurants/businesses at busiest street here was ordered to close and other restaurants to serve only at 50% cap.

Some owners are refusing arguing they're overreacting, and there must also be that old southern "my house, I do what I want, govt too big" mentality at play. Mayor now considering calling in law enforcement on them.

Now you see the problems with living in Tennessee

 

[Cerval]

I never expect such impact on the (global) economy. I stopped working for 2 weeks due to problems with Italy since we couldn't import. I was phoned to come back to work next Monday but 10h later they declared national emergancy. I might even lose this job. It's not first job surely but it's the best just so far for me and it really sucks. Might end up broke again and I have tons of debt due to my crazy family wanting money for the flat i live in since my grandma died. Plus I need to rebuild so many things here. I was in this need of a cash and this fucking financial apocalypse around the globe happens

Hang in there.

 

[pavluska]

Now you see the problems with living in Tennessee

Lol now I wish I lived in a more remote place, in TN or elsewhere, because of this corona thing.

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If 50% isopropyl alcohol effective against covid 19? Only one I was able to find.

 

[DAiDEViL]

Witnessed some 30 year old punk scream at an older couple for buying like 10 bags of milk

That isn't even much ffs. Calm the fuck down and get yourself some essential goods, like toilet paper for example.

Speaking of it, my local grocery store still has plenty in stock - contact me via whatsapp, i'll make a fair price. Let's proceed.

 

[X Æ A-12]

Lol now I wish I lived in a more remote place, in TN or elsewhere, because of this corona thing.

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If 50% isopropyl alcohol effective against covid 19? Only one I was able to find.

Yes, but only if you drink the whole bottle

- - - Updated - - -

Witnessed some 30 year old punk scream at an older couple for buying like 10 bags of milk

That isn't even much ffs. Calm the fuck down and get yourself some essential goods, like toilet paper for example.

Speaking of it, my local grocery store still has plenty in stock - contact me via whatsapp, i'll make a fair price. Let's proceed.

deserved for having milk in bags

 

[Bjerknes]

I guess. I just thought such sectors cover like 30% at most in the US. For some reason I was thinking a huge chunk of your jobs could be done via home.

It's gonna butcher us, though. Totally. And nobody knows for how long it might last and when the real peak is going to be...

A lot of jobs can be performed remotely, but that doesn't mean all of those jobs are safe through a severe economic downturn, which is what we'll have, IMO. Even certain manufacturing jobs will be at risk as time goes on.

 

[lgorTudor]

Witnessed some 30 year old punk scream at an older couple for buying like 10 bags of milk

 

[ALC]

 

[Enron]

SLC is pretty much shut down.

 

[AFL_ITALIA]

Imagine being this retarded

 

[Juventinoo]

 

[Cerval]

Worst day in the stock market since 1987

 

[pavluska]

I never expect such impact on the (global) economy. I stopped working for 2 weeks due to problems with Italy since we couldn't import. I was phoned to come back to work next Monday but 10h later they declared national emergancy. I might even lose this job. It's not first job surely but it's the best just so far for me and it really sucks. Might end up broke again and I have tons of debt due to my crazy family wanting money for the flat i live in since my grandma died. Plus I need to rebuild so many things here. I was in this need of a cash and this fucking financial apocalypse around the globe happens

Surely the govt will help to at least keep things afloat in the short term?

I can't see any govt not doing it...but there are always one or two retarded outliers.

 

[Ronn]

I never expect such impact on the (global) economy. I stopped working for 2 weeks due to problems with Italy since we couldn't import. I was phoned to come back to work next Monday but 10h later they declared national emergancy. I might even lose this job. It's not first job surely but it's the best just so far for me and it really sucks. Might end up broke again and I have tons of debt due to my crazy family wanting money for the flat i live in since my grandma died. Plus I need to rebuild so many things here. I was in this need of a cash and this fucking financial apocalypse around the globe happens

Hope you keep your job man

 

[Quetzalcoatl]

They didn't accept the testing kits Germany created (specifically targeted covid 19) and made their own (an all for one that also checks for other flus...and you also need that US seal for approval innit, apparently Germany's isn't good enough). Turned out US version had something wrong with it, and they had to start producing another covid 19 specific test.

Shouldn't be too long til they get it right and are able to produce enough for everyone, right?

My thinking is that once enough testing kits are produced for everyone this will begin to come under control. You've been traveling, you have symptoms, know someone who has the virus or you just want to take a test, then you get tested. You have the virus, you're quarantined, you can't spread it. New infections start to fall off. I suppose the next problem is enough beds for everyone, but those who aren't too badly off will just have to be responsible for quarantining themselves.

Is it as simple as that?

 

[Stevie]

Will you ever stop? Seriously? wtf.. Or do I need to repeat for 10000th time what I meant and what I still think... btw, I still think it can't do shit to young people. I don't really go outside now but not even for my sake but for the old folks.

There have a been a number of cases here in Ireland where young people have got it bad.

I should add that some had NO underlying health conditions.

 

[Bjerknes]

"Half Of America Will Get Sick": Here Is What Goldman Sachs Told 1,500 Clients In Its Emergency Sunday Conference Call

https://www.zerohedge.com/markets/h...-told-1500-clients-its-sunday-conference-call

• 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year.
• 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected.
• Peak-virus is expected over the next eight weeks, declining thereafter.
• The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal.
• Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly.
• Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system.
• There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load.
• China’s economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover.
• Global GDP growth rate will be the lowest in 30 years at around 2%.
• S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall.
• There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year.
• In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudi’s are caught in the middle and do not want to further cede market share to Russia or the US.
• Technically the market generally has been looking for a reason to reset after the longest bull market in history.
• There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like ‪9/11 than it does like 2008.

That last bullet is clearly a lie. Don't believe that one. Others may be lies, too.

 

[Post Ironic]

I never expect such impact on the (global) economy. I stopped working for 2 weeks due to problems with Italy since we couldn't import. I was phoned to come back to work next Monday but 10h later they declared national emergancy. I might even lose this job. It's not first job surely but it's the best just so far for me and it really sucks. Might end up broke again and I have tons of debt due to my crazy family wanting money for the flat i live in since my grandma died. Plus I need to rebuild so many things here. I was in this need of a cash and this fucking financial apocalypse around the globe happens

That sucks, dude. Hang in there. It shall eventually pass and things will take a turn for the better again.

It’s crazy how little people are considering the economic impact this shall have on those who live paycheque to paycheque, and May be quarantined and without work for several weeks or longer. Meanwhile, governments already planning massive aid/bailouts for big business. Yeah, it’s a pandemic, and it’s definitely serious, but so is getting evicted for not being able to pay rent and being unable to afford groceries because you aren’t working. Are landlords going to give breaks on rent? Are banks going to pause mortgage payments? Credit card companies pause interest charges? I think not.

 

[X Æ A-12]

Shouldn't be too long til they get it right and are able to produce enough for everyone, right?

My thinking is that once enough testing kits are produced for everyone this will begin to come under control. You've been traveling, you have symptoms, know someone who has the virus or you just want to take a test, then you get tested. You have the virus, you're quarantined, you can't spread it. New infections start to fall off. I suppose the next problem is enough beds for everyone, but those who aren't too badly off will just have to be responsible for quarantining themselves.

Is it as simple as that?

Ideally, but i think its more complicated when you consider the majority of people who will become infected might not even know they are infected but can still spread the virus without showing or before they show symptoms. Infection rates will continue to soar without a total shutdown and If too many require hospitalization there simply aren't near enough resources (ventilators and such) to deal with 5-10% of the population who will become ill enough to require hospitalization.

It seems like, at the moment, the plan is to slow the rate of infection before it explodes so that the healthcare system won't become overwhelmed ala Italy.

Currently Bay Area is shut down until April 7th but some experts already saying that might get extended from weeks to months with the hope that the total infected numbers never get too high at any one point to handle.

next couple months are going to be ass.