Coronavirus RESPECTFUL Discussion Only! (Mod edit: Closed)

[Nunchucks]

What a mess of a press conference. Trump has no clue how to lead

 

[italian pat patriot]

Nasdaq worst day ever...

 

[Kontradiction]

Life is gonna be sucking for quite some time
How long should Americans expect to live like this — separated from friends, coworkers and classmates? Experts say they don’t know. - The Boston Globe

We can go the route China did and just shoot the sick. That might help.

 

[BTTA]

The one positive thing about being in the US right now is that in most places the population density is low. People also use cars and are less dependent on public transportation. This inherently reduces the level of social contact and reduces the chances of mass infection at various hotspots such as trains/buses/markets. This advantage may be less relevant in places like NYC though and the administration's bungling ways may have nullified it anyway. A lot of us are going to get this disease, let's hope that the curve does start flattening out due to the common people's vigilance.

Well yeah, it's just that a small percentage of us live in those low density geographies.

 

[maust]

Pick up and delivery only. Doesnt help servers and bartenders. Not sure destroying the economy is the best solution for this.

What would you feel is the best solution, human sacrifice perhaps?

 

[BTTA]

the ******ed public and the people/scientists who were on the airwaves spouting off about how it is no big deal.

There were scientists saying it was no big deal?

 

[Nunchucks]

There were scientists saying it was no big deal?

Maybe on fox news?

 

[cmasspatsfan]

Pick up and delivery only. Doesnt help servers and bartenders. Not sure destroying the economy is the best solution for this.

That's the choice, save some lives or kill the economy

 

[BTTA]

People here are blaming Trump more than the real culprits - the Chinese government. The likely cause of the coronavirus was China's unsanitary meat markets, which are sanctioned by their government. Didn't it create SARs too?

To quote your buddy, "wrong."

It isn't either/or. None of this is either/or. Either/or positions are at best a distraction from the complexity of the situation. Most of the time, they are an inauthentic falsehood.

We don't care about how much "at fault" the Chinese had in this when talking about our internal politics.

 

[PP2]

I don't necessarily support all of these large scale interventions from the Fed (for different reasons than yours) but you are greatly underestimating the importance of the repo market. The run on the repo market was one of the biggest contributing factors for the downturn in 2008. It's how financial institutions get cash and leverage the huge sums they have invested in other assets. It's gigantic market with a volume of several trillion dollars on average per day.

Also, the Federal Reserve is in a position to make money off these loans. If the banks cannot repay these loans, the Federal Reserve gets to keep the securities and earn a huge return. Even if the banks pay them back, it will make a profit since it will charge interest on the loan.

They've also introduced a round of $700 billion worth of quantitative easing, similar to what they did after the 2008 recession.

It worked in 2008 because that was a crisis of a completely different nature; staunching the housing bubble that had burst.

This crisis, on the other hand, is a marathon, not a sprint. These short term "injections" will do absolutely nothing to stabilize the market, as you will see.

 

[cmasspatsfan]

In case anyone missed it, Dr. Fauci did confirm a potential vaccine is in testing.

However it started today, and the timeline is 1 year in order to get through testing.

So at best we're looking at a year if it works and is deemed safe.

Then it'll have to be mass produced.

Just heard that, they're going to have to cut corners and fast track it.

 

[Nikolai]

Anyone who could leave the country I'm in left within the last 24 hours. The rest of us are stuck here until May 11 at the earliest. The real question is resupply. We're hearing a lot of rumors that resupply may not be coming for a while, and food rationing is being considered. But for as bad as we may think we have it, the locals are in full fledged panic. And they should be.

Some of my buddies in Afghanistan are in probably a slightly worse situation...if they're not at Bagram.

 

[BTTA]

Maybe on fox news?

Scientists? As in, people with real credentials that still use and believe in the scientific method?

 

[BTTA]

Good idea in principle, but I’d rather have it as vouchers/food stamps for all and reimbursements or vouchers for basic necessities like rent or mortgage. The idea of writing a 1,000 check to cash is a terrible idea, and children shouldn’t be punished for parents/guardians being irresponsible. They hesitated to shut down the schools in California because millions of kids depend on schools to eat. When I asked why they can’t just subsidized it though money, I was told because the money/food would,never get to the kids.

There's a ton of research that's gone into the guaranteed minimum income, both at the micro and macro level, that would argue just the opposite. You might find some of it illuminating. When someone as business savvy and analytical as Andrew Yang is willing to pin his entire political foundation on it, there is definitely a there there.

 

[PP2]

We can go the route China did and just shoot the sick. That might help.

Or shoot the dumb.

 

[JetFan79]

Just heard that, they're going to have to cut corners and fast track it.

You can't. How else do you check for side effects?

What good is vaccinating millions if many have adverse reactions?

 

[Love The Drake]

I have a manager who said that the virus is a ploy to discredit Trump he honest to God Believes it horrifying to say the least.

 

[BTTA]

Just heard that, they're going to have to cut corners and fast track it.

There are three ways I'm aware of to "fast track" it. One is to not do as much safety testing, which is pretty scary. The last thing we need in this country is a vaccine recall after a rash of bad reactions.

The second is to begin manufacture before the safety testing is done, on the assumption that the testing is going to come out OK. That's just a financial risk, which in this case is probably inconsequential to the larger goal.

The third way is to push computer modeling ahead of some of the traditional animal testing, which from what my biotech connections have told me, is a decade overdue, but hard to accomplish in a "business as usual" context because nobody wants to be associated with the risk.

Note: I could very well be inaccurate or incomplete in this analysis.

 

[RobertWeathers]

Or shoot the dumb.

We can't possibly be members of the same species as those ****tards

 

[JetFan79]

There are three ways I'm aware of to "fast track" it. One is to not do as much safety testing, which is pretty scary. The last thing we need in this country is a vaccine recall after a rash of bad reactions.

The second is to begin manufacture before the safety testing is done, on the assumption that the testing is going to come out OK. That's just a financial risk, which in this case is probably inconsequential to the larger goal.

The third way is to push computer modeling ahead of some of the traditional animal testing, which from what my biotech connections have told me, is a decade overdue, but hard to accomplish in a "business as usual" context because nobody wants to be associated with the risk.

Note: I could very well be inaccurate or incomplete in this analysis.

If they choose option 3, as a software developer, I'd pass on that vaccine.