Coronavirus (COVID-19 Outbreak) (33 Viewers)

[pavluska]

Initial jobless claim numbers that just came out are insane. 3.3 million jobless claims vs. the expected 1.7 million increase.

https://www.zerohedge.com/personal-...on-americans-just-filed-unemployment-benefits

From wiki:

"Zero Hedge or ZeroHedgehttps://en.m.wikipedia.org/wiki/Zero_Hedge#cite_note-5 has been described as a libertarian or far-right financial blog"

"what CNN Business called an anti-establishment and conspiratorial worldview, and which has been associated with alt-right views,[6][13] and a pro-Russian bias"

"Zero Hedge's non-financial commentary has led to a number of § Site bans by various global social media platforms, some of which have been overturned (e.g. 2019 Facebook ban),[17]while others remain (e.g. 2020 Twitter ban)"

"Zero Hedge in-house content is posted under the pseudonym "Tyler Durden"" lol

 

Buy on AliExpress.com

[Cerval]

then be ready for milions of sicks and thousands death/daily

All of this is depressing

 

[Bjerknes]

20-30% unemployment rate if this goes on is not far fetched.

The longer the shutdown lasts, the more and more businesses will drop out of the market, both small and medium. Once the credit lines dry up it'll be extremely difficult to restart business once this is over with. Perhaps we can have a month or so being shutdown, but even that is a long time. In a perfect world, we could just test everyone and know who had it, has it, or doesn't have it, and base re-opening decisions on that data.

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From wiki:

"Zero Hedge or ZeroHedgehttps://en.m.wikipedia.org/wiki/Zero_Hedge#cite_note-5 has been described as a libertarian or far-right financial blog"

"what CNN Business called an anti-establishment and conspiratorial worldview, and which has been associated with alt-right views,[6][13] and a pro-Russian bias"

"Zero Hedge's non-financial commentary has led to a number of § Site bans by various global social media platforms, some of which have been overturned (e.g. 2019 Facebook ban),[17]while others remain (e.g. 2020 Twitter ban)"

"Zero Hedge in-house content is posted under the pseudonym "Tyler Durden"" lol

A lot of what they have is similar to editorial pieces in the New York Times, Washington Post, et cetera. When they cite data, they link to the source, so it's there. The jobless claim data isn't made up by Tyler Durden.

 

[Dostoevsky]

The longer the shutdown lasts, the more and more businesses will drop out of the market, both small and medium. Once the credit lines dry up it'll be extremely difficult to restart business once this is over with. Perhaps we can have a month or so being shutdown, but even that is a long time. In a perfect world, we could just test everyone and know who had it, has it, or doesn't have it, and base re-opening decisions on that data.

Many huge businesses will also go bust surely. No two ways about it. And imo there's no way a shutdown to last less than a month. Many countries will only have it worse and worse (by far). It's only Italy that probably reached the peak but it will take at least 2 more months for them to clean up the mess left behind. Same probably goes for Spain. But we're yet to see the real mess in Germany, France, UK and the US (along with smaller countries too). That alone is way too huge on a global scale. It's gonna get really insane.

 

[.zero]

20-30% unemployment rate if this goes on is not far fetched.

If we were to remove context and scale from the equation then we could take Spain in 2012 as an example where the unemployment rate was nearly 40%.

Of course, Italy, Greece also could serve as examples. But then again that's why context, scale, economic relevance, GDP all matter when determining where things are headed and the domino effect

 

[Bjerknes]

I'm beginning to think there should be a progressive return to work but a careful one. Not all the staff and it should alternate. Taking the utmost precautions by having hand sanitizer everywhere, alcohol to disinfect and social distancing. Only those that test negative

The problem is we can't afford staying in this situation. The economy will collapse and everyone will suffer. I know Trump can be ridiculous, but still. The world is fucked at the moment

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It's also important to save lives. i don't even know anymore what could be done. This is fucked

That's not a bad concept, as long as each business can operate under the social distancing guidelines. I'm trying to think for something like a restaurant -- you could space tables in a certain way, be almost obsessive with respect to wiping things down, and have everyone who enters the establishment take a temperature. Sounds possible, but also costly. Office spaces with cubicles would be easier to manage provided everything is wiped down and nobody has symptoms. If everyone could be issued a mask it would be easier as well, shame there isn't an unlimited supply.

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We already know that China literally owns majority of the world. What I'd like to know is how much of each country they hold controlling interest in. Is there a resource that documents that?

Good question, I have never seen actual data on what exactly they own in terms of bonds from around the world. Here is an article I found about it.

https://hbr.org/2020/02/how-much-money-does-the-world-owe-china

 

[Ronn]

That part is bullshit of course.

But there is something not that dumb in Trump saying he can't understand why you'd shut down the economy over this. At the end of the day the vast majority of people dying are over 80. Now I'm not saying they deserve to die or that we shouldn't care about them as a society. But if you shut down the economy, you also shut down the lives of younger people. What about the 34 year old who started his own restaurant last year? Or the 24 year old lawyer trying to get his first cases? These are careers we might be ending.

And then there's the question if, maybe, we should go for herd immunity.

I don't know. It's the first time I've ever heard Trump say things I might agree with.

Only because he always says those things though.

It’s not only Trump saying this. NY governor Cuomo said the same thing. Trump did 2 things that others didn’t and that is 1- politicize this, and claim his opponents want the economy shut, and 2- provided a deadline as if you can make things go away by flipping a switch. Expecting Christians to gather in churches on Easter Sunday without aggravating the situation is just retarded.

 

[Oggy]

News alert!

I just found that one colleague who works in our production line is the neighbor of the lady that died from COVID-19 two days ago. He knows her, but apparently he didn't have any contact with her.

 

[Alex-444]

Albanian Prime Minister

 

[lgorTudor]

Albanian Prime Minister

old

 

[Ronn]

Oh please, dude. It’s Trump-level stupidity and nonsense to suggest the media actually wants America to remain shut down and the economy to of down the shitter just to stop Trump getting re-elected. It was a full retard claim, but Trump makes those multiple times a day so not really surprising.

People are so used to this that even a lie as stupid as this is seen as normal. There’s nothing normal about it though.

 

[Dostoevsky]

If we were to remove context and scale from the equation then we could take Spain in 2012 as an example where the unemployment rate was nearly 40%.

Of course, Italy, Greece also could serve as examples. But then again that's why context, scale, economic relevance, GDP all matter when determining where things are headed and the domino effect

Da, we, consequences of the global economy are much higher if the US gets 30% unemployment rate rather than all those combined.

 

[Ronn]

Is it me or he more and more sounds like Trump? “As soon as humanly possible”?

 

[IliveForJuve]

That part is bullshit of course.

But there is something not that dumb in Trump saying he can't understand why you'd shut down the economy over this. At the end of the day the vast majority of people dying are over 80. Now I'm not saying they deserve to die or that we shouldn't care about them as a society. But if you shut down the economy, you also shut down the lives of younger people. What about the 34 year old who started his own restaurant last year? Or the 24 year old lawyer trying to get his first cases? These are careers we might be ending.

And then there's the question if, maybe, we should go for herd immunity.

I don't know. It's the first time I've ever heard Trump say things I might agree with.

Only because he always says those things though.

You as a lawyer should know that the right to live is more important than any economic right.

 

[Quetzalcoatl]

Many huge businesses will also go bust surely. No two ways about it. And imo there's no way a shutdown to last less than a month. Many countries will only have it worse and worse (by far). It's only Italy that probably reached the peak but it will take at least 2 more months for them to clean up the mess left behind. Same probably goes for Spain. But we're yet to see the real mess in Germany, France, UK and the US (along with smaller countries too). That alone is way too huge on a global scale. It's gonna get really insane.

Germany's curve looks to be flattening, but a few more days will give a better picture - https://www.worldometers.info/coronavirus/country/germany/

 

[Ronn]

You as a lawyer should know that the right to live is more important than any economic right.

They are very much dependent though

 

[IliveForJuve]

They are very much dependent though

I don't disagree.

I'm being affected than most people here because I'm self employed but I'd gladly go a month like this to protect my parents.

Now we're going to have to go back to work sooner or later simply because it's not sustainable but the attitude that old people's lives don't matter irks me.

 

[Ronn]

 

[ALC]

P

Is it me or he more and more sounds like Trump? “As soon as humanly possible”?

I don’t understand why people call him a genius

 

[lgorTudor]

P


I don’t understand why people call him a genius

I don't understand why people rate other people based on social media smack talk rather than on their achievements