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zk
Participant[quote=sdduuuude]
I can’t imagine saying “this is the fault of anyone in the government because they didn’t tell me what to do properly.” That just doesn’t make sense.
[/quote]Straw man. No one (or hardly anyone) is saying “they didn’t tell me what to do.”
[quote=sdduuuude]
Anyone who expects the government to save them from this deserves whatever they get. [/quote]Nonsense. This is EXACTLY the kind of thing that we need government for. What we needed was early and fast action on tests. We could have had far fewer infections and probably avoided some of the economic damage, also, because less social distancing is necessary if you know who has the virus.
Who else would have the resources to take that kind of action? Who else would spend the money to take that kind of action? Private industry? Capitalists? What’s in it for them? Charge everybody who takes the test and see if you can make your money back? Good luck with that.
Participant[quote=zk]
Now that I think about it, the likely scenario, politically, has nothing to do with the reality of how trump deals with the situation. Or what happens with the virus. No matter what happens, right-wing propaganda will portray trump as the hero, and liberals as the villains. Tens of millions of ignorant, pathetic chumps will, as usual, fall for it[/quote]Of course:
Participant[quote=The-Shoveler]Kind of trust the guy on the front lines of the worst battle more than some guy sitting in an office.[/quote]
It’s not “some guy sitting in an office.” It’s the CDC.
That doctor is, however, just one guy on the front lines. He might be an expert on how to treat the virus (although not necessarily). But his training and experience wouldn’t make him an expert on how easily or in what manner the virus is transmitted. The CDC is thousands of people dedicated to exactly such things.
Participant[quote=The-Shoveler]Another interesting youtube.
IT’S ACTUALLY EASY NOT GET INFECTED WITH COVID-19
doctor on YouTube explaining how not to get infected –
https://www.youtube.com/watch?v=WxyH1rkuLaw%5B/quote%5DWhat he’s saying doesn’t really jibe with this:
Or this:
Participant[quote=Gunslinger]“Then he will say to those on his left, ‘Depart from me, you cursed, into the eternal fire prepared for the devil and his angels.”
Matthew 25:41
Come over to the right my brethren. Salvation awaits[/quote]
Those who die with purpose and honor are shall join Kahless in the Black Fleet in Sto’Vo’Kor, a paradise where battle and feasting can eternally be shared and won.
-Klingon scripture
Die with purpose and honor, my brethren. Eternal feasting and winning awaits.
Participant[quote=FlyerInHi] Retail is permanently affected.[/quote]
Maybe. I don’t know. Buying groceries on line is dreary. Suddenly going to the grocery store seems almost magical. All that stuff they have, and you can go there any time you want and just walk up and down the aisles and buy whatever you want right then.
ParticipantThat first chart is a doozy:
The article also speculates that job losses from the coronavirus could be on par with the 2008 financial crisis.
Participant[quote=ucodegen]
313,000 tests completed, more than 41,000 tests positive.
That means current infection rate within population is about 13%. [/quote]That would only be a reasonable conclusion if those tests were all given to random people. I didn’t see anything in the article to indicate that that was the case. (Correct me if I missed it.)
If tests were given to at least some of those people because those people had symptoms, then the 13% number would be high.
That said, if it’s not 13% now, it sounds to me like it could be before too long.
Participant[quote=outtamojo]Tucker Carlson of all people was actually fair and balanced about this but of the 5 senators who sold stock my always trumper coworker could only name Feinstein![/quote]
Here’s why your always trumper coworker could only name Feinstein. This is the headline on fox:
Dianne Feinstein, 3 Senate colleagues sold off stocks before coronavirus crash: reports
Now, read this NYT article:
As would any actual news organization, the NYT looked at the circumstances surrounding the sales and found that Feinstein, along with republican senators Johnson and Inhofe, made trades that were not suspicious:
Feinstein has said that she did not attend the Jan. 24 briefing; her stock was in a blind trust, which means she didn’t make the decision to sell; and the transaction lost her money, because the trust was selling shares of a biotechnology stock, the value of which has since risen. Inhofe’s transactions were part of a systematic selling of stocks that he started after he became chairman of the Armed Services Committee. Johnson sold stock in his family’s plastic business, as part of a process that has been occurring for months; his sale also occurred well after stock market began falling.
So the headline on the fox website is highly misleading. Bullshit, really.
This is but one of millions of examples of right-wing propaganda misleading and manipulating their marks into voting against their own interests.
Participant[quote=Rich Toscano]
zk, did you get a chance to read that Ben Inker piece I linked to in the last post? It’s written for finance nerds so not very accessible, but it does a great job of assessing long-term stock value, including looking back at history.[/quote]A fascinating article, indeed. It does go right to the heart of the question I was asking. Very enlightening.
That chart, once I understood it, was really quite eye-opening.
Thanks, Rich!
Participant[quote=Rich Toscano]
I should note here that I think the US stock market started out very overvalued, which complicates things. But assuming stocks were starting out reasonably valued (as many international stock markets were, imo) — then I think a 30%+ decline is a huge overreaction.[/quote]
Goldman Sachs predicts a 24% contraction in the second quarter followed by growth of 12% (3rd quarter) and 10% (fourth quarter).
I can see how the decades-long earning stream you described (and thus stock prices) would be minimally affected (or at least not 30%) in the long run by such a thing.
I guess I was under the impression that these things (huge contractions) had more…I don’t know, momentum or long-term effects than that. Or residual effects or ripple effects or indirect negative effects.
Participant[quote=TheBrianNarrative]not all Brian. You are 100% bullshit. In fact you are more like trump and different from him[/quote]
Good god, flu. You’ve devolved from a troll who wasn’t funny or entertaining to a troll who couldn’t read well (and still wasn’t funny or entertaining) to a troll who is completely incoherent (and still isn’t funny or entertaining).
Participant[quote=Coronita]You are all miserable individuals that let politics consume most of your life.
[/quote]
Using any standard you could possibly have the information to be judging that by, you are letting Brian consume your life far more than I’m letting politics consume mine.
Participant[quote=Coronita]Both you and ZK are so obsessed with trump… [/quote]
Let’s see. I’m obsessed with trump, an extremely powerful man who is a great danger to our country and to my family.
You’re obsessed with Brian.
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