quote:

Originally posted by Sig2340:

quote:

Originally posted by wcb6092:
In emergency pandemic move, Fed cuts rates to zero and will purchase $700B in bonds
< SNIP >

Me thinks the FED fears an impending economic Armageddon.

This week will be damned interesting.

The economic impact will suck but, we're not completely screwed as we're larger/diverse enough to weather most storms, however smaller countries, particularly those with a large percentage in travel/hospitality sectors, will be very hard hit. Airlines are the most susceptible to international disruptions, Delta and American have already announced big cut-backs, UAL, AK & SWA likely Mon.

quote:

Originally posted by RogueJSK:

Our juvenile crime rate is going to skyrocket. And there are going to be a lot of hungry kids missing out on meals, since they rely on free school lunches.

I'm pretty sure the Nancy secured a few billion in $$ for school lunch programs. I guess it is now my responsibility to feed the childrens in or out of school...

quote:

Originally posted by parabellum:
Yep. Bonkers.

Four months from now, we'll be patting ourselves on the back for "defeating" the Wuhan Virus, but the truth of the matter will be ignored. Oh, how brave we are, oh, how determined and capable. Fuck yeah.

Stupid panicky cattle

And therefore, unfortunately, this will become SOP every time there's a new virus.

quote:

Originally posted by Balzé Halzé:
The actions we're taking simply are not worth the economic cost. Not even close.

I would submit that such a view would not be welcome by those families that have and will suffer related deaths.

quote:

Originally posted by bald1:

quote:

Originally posted by Balzé Halzé:
The actions we're taking simply are not worth the economic cost. Not even close.

I would submit that such a view would not be welcome by those families that have and will suffer related deaths.

I am one of those. Not ready to let my asthmatic son, my at-risk parents, aunts, uncles and friends die so I can save a few bucks.

quote:

Originally posted by bald1:

quote:

Originally posted by Balzé Halzé:
The actions we're taking simply are not worth the economic cost. Not even close.

I would submit that such a view would not be welcome by those families that have and will suffer related deaths.

So the entire country has to take one for the team here?

quote:

Originally posted by Doc H.:

Because we're looking at the H1N1 pandemic in the rear view mirror. We know (approximately) how many people died. And isolation/quarantine measures would have helped reduce deaths - we just traded deaths for economy, globally. We didn't know it, and certainly didn't intend it, but that was the result. Less panic, fewer containment measures, more deaths, less economic impact. We can look at that now in the retrospectoscope.

I know elected leaders cannot ask this question in public, but I hope they are asking it behind closed doors; What is the total economic impact of the measures we are taking and how many lives will it save, i.e., what is the cost per life?

At this point I think it is safe to say the total economic impact in the US will exceed a trillion dollars. There better be a whole damn bunch of lives saved for a trillion dollars. That number is so large, that even if we save 10,000 lives, that is one hundred million per life.

quote:

Originally posted by trapper189:

quote:

Originally posted by bald1:

quote:

Originally posted by Balzé Halzé:
The actions we're taking simply are not worth the economic cost. Not even close.

I would submit that such a view would not be welcome by those families that have and will suffer related deaths.

So the entire country has to take one for the team here?

quote:

Originally posted by holdem:
There better be a whole damn bunch of lives saved for a trillion dollars. That number is so large, that even if we save 10,000 lives, that is one hundred million per life.

You guys want to put a price on an individual life? Why not simply advocate death panels and decide that those who are most at risk are not worth any effort to protect or save? Unbelievable!

quote:

Originally posted by bald1:

quote:

Originally posted by Balzé Halzé:
The actions we're taking simply are not worth the economic cost. Not even close.

I would submit that such a view would not be welcome by those families that have and will suffer related deaths.

My wife's grandfather is currently dying from the flu. He likely won't survive past next week. Should I have demanded that France shut down its entire country for the chance that he wouldn't have contracted the flu and to spare my wife the sorrow of losing an elder loved one?

The fact is, we put a price on life every day. Every single day. It would be almost impossible to go through life any other way.

Holy Crap! Governor Baker in Massachusetts just banned restaurants and bars from opening except for takeout. Small business will be crushed. I know a few bar owners that can not survive this. WTF.

https://www.boston25news.com/n...RXFD5HE4DHPRSRUHKQA/

quote:

Originally posted by frayedends:
Holy Crap! Governor Baker in Massachusetts just banned restaurants and bars from opening except for takeout. Small business will be crushed. I know a few bar owners that can not survive this. WTF.

https://www.boston25news.com/n...RXFD5HE4DHPRSRUHKQA/

He's just following the herd

quote:

Originally posted by Balzé Halzé:

quote:

Originally posted by bald1:

quote:

Originally posted by Balzé Halzé:
The actions we're taking simply are not worth the economic cost. Not even close.

I would submit that such a view would not be welcome by those families that have and will suffer related deaths.

My wife's grandfather is currently dying from the flu. He likely won't survive past next week. Should I have demanded that France shut down its entire country for the chance that he wouldn't have contracted the flu and to spare my wife the sorrow of losing an elder loved one?

The fact is, we put a price on life every day. Every single day. It would be almost impossible to go through life any other way.

It’s also the same fear that the anti-gunners use on soccer moms to support gun control.

This has just been packaged differently.

This whole argument is stupid. You are actively making e mic choice over lives ever day unless you live in a cave in the middle of the ocean. We could save untold lives by outlawing tobacco, alcohol, inhibiting texting or cell phone use in cars, lowering the speed limit, etc. We could do this all day.

If the country loses a trillion dollars off the economy are you really going to pretend that that won’t cause deaths as well? It’s not like people on the edge economically won’t suffer to the point of death. Starvation, exposure, suicide.

I hate the what’s the life of a personal n worth argument? The answer you want is there is no price. The real answer is we put a price on life every day through action, inaction, lawsuits, etc. This is tantamount to screaming “it’s for the children” right before you try to push some silly nanny state law on everyone.

quote:

Originally posted by Balzé Halzé:

quote:

Originally posted by frayedends:
Holy Crap! Governor Baker in Massachusetts just banned restaurants and bars from opening except for takeout. Small business will be crushed. I know a few bar owners that can not survive this. WTF.

https://www.boston25news.com/n...RXFD5HE4DHPRSRUHKQA/

He's just following the herd

Ohio and Illinois also

quote:

Originally posted by holdem:

quote:

Originally posted by Doc H.:

Because we're looking at the H1N1 pandemic in the rear view mirror. We know (approximately) how many people died. And isolation/quarantine measures would have helped reduce deaths - we just traded deaths for economy, globally. We didn't know it, and certainly didn't intend it, but that was the result. Less panic, fewer containment measures, more deaths, less economic impact. We can look at that now in the retrospectoscope.

I know elected leaders cannot ask this question in public, but I hope they are asking it behind closed doors; What is the total economic impact of the measures we are taking and how many lives will it save, i.e., what is the cost per life?

At this point I think it is safe to say the total economic impact in the US will exceed a trillion dollars. There better be a whole damn bunch of lives saved for a trillion dollars. That number is so large, that even if we save 10,000 lives, that is one hundred million per life.

Life or death is often an economic decision, whether we like it or not. The world doesn't have unlimited cash or unlimited medical resources, which are also often not interchangeable, at least easily. That's the basis of triage. A bag of gold, by itself, won't buy you life during a plague. Or buy you drugs, when the country you buy them from doesn't produce them. I would submit though, that trillions spent on the the front end of averting a crisis gives you a better return than the same trillions spent trying to get out of one. We will have that opportunity, perhaps, when this is over.

quote:

Originally posted by sgalczyn:

quote:

Originally posted by Balzé Halzé:

quote:

Originally posted by frayedends:
Holy Crap! Governor Baker in Massachusetts just banned restaurants and bars from opening except for takeout. Small business will be crushed. I know a few bar owners that can not survive this. WTF.

https://www.boston25news.com/n...RXFD5HE4DHPRSRUHKQA/

He's just following the herd

Ohio and Illinois also

Yep, just had a serious conversation with 2 very good friends of mine, one a bartender, the other a massage therapist.
They're basically fucked.

So bars and restaurants are closed for 2 weeks- end of the month. This is under the assumption that this virus is going to be gone in 2 weeks.
One hell of an "April Fools" joke come the 1st when the virus is still spreading around, and the Government decides to close them for another 2 weeks.


On the other hand, I can see why. You know some dumbass who's "just a little sick" is going to go out in public...
We had that situation at work yesterday.

This could get serious. I can't go out to supper! But I don't care all that much. Now I may feel differently tomorrow. We've become even more self centered in all our feelings and actions. I still wish it would get warm faster, I've got a blanket over me. Its all not that big a deal. Worse, I've cancelled my Easter trip to the desert in Moab. First time in the last 35 years. Guess I'll survive. Serves the damn motel right for doubling their rates for the Jeep Safari. That'll learn 'em.

The simple fact is, the world doesn't rotate for our convenience. Either we'll all survive, or we won't.

quote:

Originally posted by CPD SIG:
On the other hand, I can see why. You know some dumbass who's "just a little sick" is going to go out in public...
We had that situation at work yesterday.

The news sites over the last couple of days are absolutely rife with stories of people waiting on test results going about their business as usual, going to meetings, getting on planes, etc., and then getting positive test results back.

quote:

Originally posted by pedropcola:
We could save untold lives by outlawing tobacco, alcohol, inhibiting texting or cell phone use in cars, lowering the speed limit, etc. We could do this all day.

Why just Covid 19? Why not go through what we're enduring right now, every single flu season? Lock our selves in our homes, not attend any public events, start rationing supplies, etc. etc. Because influenza kills HUNDREDS OF THOUSANDS of humans every season. And Covid 19 will not be the last super pathogen, not by a long shot.

The virus thing is normal. This goddamn panic isn't.

There is not stopping this virus. It has to run it's course and no amount of panicking and closing shit is going to stop it. It's absolutely insane. I'm sick to my stomach over this. Bartenders, bar owners, bar entertainers, waiters, waitresses, etc. They all just won't get paid. My fiancé is a realtor and I'm quite sure this will kill the spring market too. We could be screwed too.

These people are insane. The panic has to stop. I am wondering if they have the authority over business like this. I'm hoping businesses fight back.