Scholarship table
I'm not sure where you see that.From my perspective, state and local leaders have (for the most part) done a better job of handling this crisis than federal leaders. But even with that general observation, I have seen some bad decisions by state leaders, and some good decisions by the feds. So a mixed bag, with varying degrees of good and bad responses. And with all of them, it was never a death/no death scenario - it was simply a matter of good or bad responses to an inherently bad situation.
DeSantis not closing beachesNew Yorkers still on subways. New Yorkers encouraged to go to restaurants, parades and Broadway by New York mayor and health officials.California letting 20 million masks expire and dismantling their pandemic program due to budget cutsNew Orleans / Louisiana allowing Marie Gras to continueFeds ignoring pandemic warnings in 2018, 2015, 2011, 2006, 2001, 1998.Feds acting too slowly to stop travel from China while the media tearing into decision that it was xenophobic. Feds ignoring threat at first, issuing different threat levels that change al last daily.Add in Federalism and States rights. Urban vs rural. Economic vs healthcare.Anecdote: Some of my relatives living in the middle of the country are furious at the shutdown economically. They are sympathetic that some are dying, but they point out Fauci believes this will ultimately be a death rate of a severe flu season. Other relatives think we should be held at gunpoint and shot if we leave our homes. They want total isolation (they tend to be in urban hubs). You get the idea. There is a faction that is demanding everything shut down, which legally the federal govt cannot do. When Iowa waits, or the Dakotas that opens a risk that their leaders have said is ok. Neighboring Minnesota may not agree, but they pay the price potentially. When Trump proposed locking down New York, Cuomo threatened an immediate civil rights lawsuit.Now weigh those decisions of shutting it all down or else blood is on your hands with the complete wreck of an economy? No matter what decision is made, leaders are in a now in situation.There is no answer to fit a country this size with our freedoms and population density variances. We are not alone as other countries have been wrecked as well. Some with universal healthcare, some without.
A few weeks back, folks were hopeful for a V shaped recession/bounce back, probably now closer to U, just depends on how long the bottom part is.
You still didn't show me anything to support your comment that "As seen on this message forum, balance is not allowed. Our leaders will be held to an impossible standard with “blood on their hands” no matter the decision any of them make at the federal, state and local level."IMHO, while peoples' political biases naturally come through on this board, most people see good and bad decisions being made, and most people who are paying attention realize that there was never a "good" outcome to this situation.
Just got off the phone with my Financial Adviser.They said 3 scenarios: Great Depression 2, v-recovery or u-recovery. Consensus in the financial world leaning towards U-shape. Negative for 3-5 months and not every job will come back. Should be a strong 4th Quarter.
I hope your financial advisor is right. But as we all know, “consensus” is at best an educated guess. And are they basing their projections on the US going back to work in May, June, July or at some later date. Any projection/consensus is worthless unless you know the back to work date.
Lenny for what it’s worth I’m hearing most in the market prepared for an extreme 2q decline. Like autos down 50%. It’s now a question of how much better (or less worse) is 3q and can 4q be the snap back (or does it persist into 21). Most are contemplating an L but not planning for it yet.
Sweden stoped using hydroxychloroquine due to patients having seizures and vision problems. Both well known side effects. Remdesivir is in trials for COVID-19, and can (and is) be used on the same compassionate use doctrines as hydroxychloroquine.Like I said, I'd take the advice of my doctors on what gives me the best chance to survive.
excellent summation daddy! leaves one with a funny(sad) feeling that some are just fine with bad news
FrennsAssuming that auto sales will be virtually non existent in April and early May, I’d be delighted with down 50% for the quarter. Even after we reopen people will be short cash, tons will still be out of work and credit may be difficult to come by.
I should add globally. So assumes Asia has some life on the auto side.
It leaves me with the feeling that different people have different opinions about the best way to deal with a bad situation.My opinion is that we need to defer to the public health experts, researchers and doctors at this time of a public health crisis, crazy as that may sound to you....
nope, not crazy to me, but who are your "experts"?
nope, not crazy to me, but who are your "experts"? some "experts" were predicting as of last week to expect 100,000-200,000 or MORE deaths. that projection has come down by quite a bit already
What is the pathway out of this?
Haven't people told you multiple times?
Ever-changing and difficult. #LastDays