Oso planning to go pro
I've been feeling really down too, but here is one upside I can think of. If China is really mostly past this, that is a really good thing for the global economy. It might mean we lose our #1 spot, but we are so reliant on them for our supply chain and in trade, it is still a very good thing if they are past this.
In my weekly teleconference on Monday morning, my company's China plant manager said it's basically back to business as usual in China.
I think the next logical step is government stepping in and stopping all required payments - rent/mortgage, utilities, debt payments, everything. For individuals and businesses
And for the record, this is where you move from discussion of the President's handling of this matter (which I agree is completely fair game in this "no politics allowed" thread) to pure and unabashed politics.
I am very much struggling this morning to see anything but unbelievable doom.The unemployment numbers are going to be absolutely staggering. Sec. Mnuchin suggested 20% unemployment without massive govt intervention. I don't have a lot of faith in that .. it'll help, no doubt, but .. the economic impact is just so far reaching, so quick. People aren't going to use their $1000 to buy a car, they're going to be scared and hoard it for food. Seeing the "suppression" line graphs .. the peaks and waves go on forever until the population is immunized. That's a full 12-18-24 months of economic devastation, with no one building homes, buying cars, travelling. Someone talk me out of it, but I can't shake the idea that the probability of a global great depression is extremely high.
For the record - I understand. I should choose my words more carefully. But my point remains - why have only 27k been tested if 75k tests are available and lots more are coming online? I think part of it is that that labs can't process them fast enough - but as Goooo points out, processing capability is increasing daily. At this point the fact that only those at high risk or in hospitals can get tested is a f*cking failure.
Then you are going to have bank liquidity issues, which may make things substantially worse. Many people aren't going to have trouble making payments in the short term. Including myself. There is zero reason why people like me shouldn't pay their mortgage payments, etc.It would be much better to give people money from the federal government, because they have the liquidity to manage it. And if it has to be more than what they are talking, then it will be more.
Many people aren't going to have trouble making payments in the short term
According to CNBC-Nearly 80 percent of American workers (78 percent) say they're living paycheck to paycheck,
"Many" people aren't going to have trouble making payments? I think that is vastly overstated.Not sure about the banking aspect. But I still feel that everything needs a pause button for up to 3 months.
Too label this as a “ complete facking failure” is short sighted
I think all of those who can help, want to help because we are all in this. The successes of this aren’t for a few
The “failure” here lies with the Chinese period.
So you're saying people have problems budgeting their money?
We're struggling with this as well. We send our daughter to MU's center, and there's maybe a third of the kids still there. They're still open until the University closes. So while the risk is still there, it's not as populated as it usually is.I'm in the same situation, both remote, but she's busier. I just don't see us being productive trying to keep the little one entertained all day. Even Frozen only keeps her attention for about 10 minutes.I don't know what the right answer is, honestly. I don't feel great about either one.
It doesn't give me confidence that Trump is being above board when he continues to use phrases like "the Chinese virus." If he wants people to feel that the response isn't politicized, he needs to stop with that kind of stuff. It's not helpful in any way.
I know things are different with this cat, but we've identified diseases by geographic origin for a long time now. The Ebola virus was named after a river near its origin in the Democratic Republic of Congo. Zika: the Ziika Forest of Uganda. Except for the Spanish flu. That actually probably started in.....China.