Jump to content

Covid and the Economy


Caseynotes

Recommended Posts

image.png.db8c3e167f9e6258280383dd859cf901.png

I thought I had posted this yesterday, must have hit the wrong button. So new govt instructions released yesterday tell us that now it's ok to go to work if you are unable to work from home (previously was 'key workers only'), I'm sure the irony won't be lost on the 10s of thousands who have just lost their jobs due to the business shutdowns.

The ineptitude of the govt has been astounding every step of the way but it's ok now, they've all ******* off for a month long holiday. Great.

  • Sad 1
Link to comment

Oh, it is there.

Anyway the name of the flu is still in doubt since the Chinese govt has censored scientists and media alike. In the running was;

A/ The Wuhan Bio-chemical Weapons Facility test sample #322907675 China Flu.

or

B/ The Wuhan Wet Market Food Emporium (Dogs, Bats and Snakes a Specialty) test sample #96638268 China Flu.

Following the govt crackdown now I guess we'll never know¬†¬†ūü§Ē ¬†

  • Great! 1
Link to comment

US markets don't seem surprised in over 3 million filing new jobless claims in a week due to the total business shutdown, Dow up 4% so far today. With Trump starting to make noise that this shut down might end sooner rather than later the markets might be thinking this will push things in that direction.

A total shutdown was always a bad idea, as stated many times earlier in this thread, you need to quarantine the vulnerable not the whole population, they are the ones who will overwhelm the health services. The high risk are then safe from the virus while the general population gains herd immunity the majority of whom will be asymptomatic while 10-15% will show normal flu affects needing a week off work. Once there is 60% immunity the virus has nowhere else to go and dies off, then you can release those in quarantine. Locking down the whole population just slows the progress of gaining 60% immunity.

There was never a need for shutting down businesses, sacking 10s of thousands of workers and completely crashing the economy. As shown above a total lock down of the whole population is completely impracticable and unenforceable anyway.

The UK govt was right to begin with going for immunity but did nothing to protect the high risk, when they started filling up the hospitals the govt panicked and flipped to call a for a total lockdown, then the politicians all went off on holiday for a month. Great.

  • Like 1
Link to comment
8 minutes ago, dmedin said:

Those East Asian societies are quite different from ours.¬† They can do things that we can't ūüėĪ

The irksome thing is that they all went through¬†this well before us, all we needed to do was to look at their data and plan ahead, we had a month¬†and did nothing, everything seemed to come as a complete surprise and¬†required¬†a kneejerk reaction¬†ūü§ß¬†

Edited by Caseynotes
  • Great! 1
Link to comment
3 minutes ago, psycho said:

The thing is Bill Gates can afford not to go to work for the next month. As above South Korea flattened the new cases curve very quickly not by shutting everything down and enforced total population isolation but by mass testing in the community and advising self isolation for those who tested positive 99% of whom had only mild symptoms. 

  • Like 1
Link to comment

The main argument is what is more important: money or life?  Money is reversible, life is not (paraphrasing Gates).  Even if one feels that his/her life is worth less than the money they make, they don't have the right to take that decision for everyone else they come into contact with.

South Korea is a great lesson but the last article I read stated they had a spike which they thought might be the second wave.  Cultural differences also meant that their people respect authority and took seriously the government's recommendations whereas in Britain we took recommendations as suggestions.

 

1 hour ago, Caseynotes said:

The irksome thing is that they all went through this well before us, all we needed to do was to look at their data and plan ahead, we had a month and did nothing, everything seemed to come as a complete surprise and required a kneejerk reaction

Absolutely right but we are where we are and this is the best guess way of controlling it.  If India can afford to lockdown for 21 days, then so can we.

Link to comment
8 minutes ago, psycho said:

South Korea is a great lesson but the last article I read stated they had a spike which they thought might be the second wave.  Cultural differences also meant that their people respect authority and took seriously the government's recommendations whereas in Britain we took recommendations as suggestions.

The chart I posted above shows all new cases for South Korea up to yesterday, there is no 'new spike'.

Speaking of 'lifes' remember that 10,000 die of common flu in the UK every year ... so total lock down every winter then?

Link to comment
2 hours ago, Caseynotes said:

Speaking of 'lifes' remember that 10,000 die of common flu in the UK every year

How many of them are between 18-50?  Italy's death count has just breached 8,000 and that's in the space of 6 weeks!

Link to comment
10 hours ago, psycho said:

How many of them are between 18-50?  Italy's death count has just breached 8,000 and that's in the space of 6 weeks!

not sure why you can't do your own math but for both common flu and Wuhan flu the under 50s age group typically make up less than 2.5% of total deaths so of 8000 that is 200, nearly all of whom would have had pre-existing medical conditions.

Obviously if Italy had taken note of the Chinese data and isolated the over 70s there would have been no strain on the health service and a likely better survival outcome for others. Same for most other countries.

Link to comment

President Donald Trump is fighting to find a medical solution for Coronavirus in the short term, expressing hope that the anti-malaria drug Chloroquine/hydroxychloroquine can help patients suffering from the Chinese virus.

The truth is that President Donald Trump is locked in an intense power struggle with Bill Gates, who is pushing his (own) vaccines, which will not be available to the public until after November’s election. Gates has a lot of pull in the medical world, he has a multi-million dollar relationship with Dr. Fauci, and Fauci originally took the Gates line supporting vaccines and casting doubt on Chloroquine.

https://nationalfile.com/amp/president-trump-vs-bill-gates-on-treatment-fauci-has-a-100-million-conflict-of-interest/

Link to comment

AFP news agency  @AFP

Replying to @AFP

#BREAKING EU leaders give eurozone 15 days to plan virus response

 

No joke this is dated today, so lets come up with a plan now that we are completely inundated and 2 months after receiving warnings and data concerning the coming threat.  

Link to comment
3 minutes ago, Caseynotes said:

What ? Met preparing for a major breakdown in law and order.

"London's Met Police asking ' all officers who retired from the Met as police constables or sergeants within the last five years to re-join at those ranks, either on a full or part-time basis."

Considering the feral behaviour on display ...

  • Thought provoking 1
Link to comment
  • CharlotteIG changed the title to Covid and the Economy

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • General Statistics

    • Total Topics
      16,008
    • Total Posts
      76,720
    • Total Members
      63,929
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    noidaubachu
    Joined 18/09/21 14:28
  • Posts

    • Hi, all brokers are market makers to some extent. If you are trading on the Direct Market Access (DMA) platform then you are dealing on the exchange through IG but if using any other platform then IG looks to match those¬†trades inhouse matching shorts to longs. Any excess they¬†hedge on the exchange themselves.¬† So IG aren't taking the other side of your trade, they are covered whether you win or lose and they make on the spread from both parties. If they need to hedge they still win because they get a better spread than what they pass on to you. ¬†
    • Err, I've had all my real vaccines, the ones that completed¬†safety trials, have also had special vaxxes when¬†had to present proof when travelling to a country were there were dangerous diseases present, no problem. But experimental gene therapy¬†that has no medium or long term risk data for a disease that, according to the FDA, has just a 1 in 250,000 risk, and needing to present proof to go to a restaurant or club in my home town - no, this is not about a virus. ¬† Note that the FDA officials that the Biden admin pressured into giving early FDA approval for these vaxxes both resigned. FDA panel just voted 16-3 AGAINST approving the boosters This slide was shown at their meeting. ¬†
    • You get a 'vaccine passport' once you are vaccinated. You don't have to get one, you already have one if you had your vaccines. I don't mean covid vaccines, I mean any vaccine. That 'vaccine passport' has been already implemented for decades. It is the registry that any national health system has on your vaccines.¬† Unless you are an exotic animal that has been living under a rock during your life you must have taken a vaccine at some point in your life, otherwise you would be dead.¬† Here is a list for your education: https://www.cdc.gov/vaccines/parents/diseases/forgot-14-diseases.html I am sure that you are vaccinated of at least 90% of that list.¬† So that vaccine passport is just what you already have, my dear, if you happen to live in Europe or the UK just go to the National Health app and click on 'Travel' , there you will see your 'vaccine passport' It is already implemented, I had to show it to fly twice this year in two different airports.¬†
×
×
  • Create New...