WTF did Trump do to the stock market?

alum74

2749
+1465/-124

Re: WTF did Trump do to the stock market?

« Reply #90 on: March 24, 2020, 12:14:05 PM »

We’re just a bunch of amateurs speculating about this virus. There is much we don’t know. A favorite blogger of mine whose been analyzing the coronavirus growth rates in Western countries made some interesting points that resonate with me.

We haven’t put in place the same stringent control measures as other countries like Italy. If Trump relaxes the control measures currently in place, we have no way of knowing what will happen next. Will the virus become dormant for the summer months and then return in fall (e.g., 1918 influenza pandemic)? Will it re-emerge as soon as control measures are abandoned? Will it be seeded by travel with other infected countries that are on different schedules?

Right now, there is both positive and negative evidence about all this. It’s too early to know anything for certain. I’ll be interested in seeing if there is a “Spring Break” effect. Prudence seems the best course as our public health officials, scientific experts and medical community get a better handle on this virus.

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ThePAMan

32272
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Re: WTF did Trump do to the stock market?

« Reply #91 on: March 24, 2020, 01:19:26 PM »

Quote from: Custard on March 24, 2020, 11:07:07 AM

It’s already been out there and has been circulating and didn’t cause a rash of irregular deaths, and the primary reason cases are skyrocketing is that more tests are being performed.

What is an irregular death? No one knows who has what if there are no tests and people are asymptomatic. The tests just confirm that someone has it right then and there. It neither b
Negates nor confirms that there are people out there who have no idea whether they have it or not spreading it to someone who it may wind up killing.

The point is that we do not want the healthcare system to be overwhelmed.

China closed for, what, months? We can't do 15 days? So we've gone from concerns over "death panels" to "fuck grandma/die Boomer!' in 10 years?

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ThePAMan

32272
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Re: WTF did Trump do to the stock market?

« Reply #92 on: March 24, 2020, 01:26:08 PM »

Quote from: alum74 on March 24, 2020, 12:14:05 PM

We’re just a bunch of amateurs speculating about this virus. There is much we don’t know. A favorite blogger of mine whose been analyzing the coronavirus growth rates in Western countries made some interesting points that resonate with me.

We haven’t put in place the same stringent control measures as other countries like Italy. If Trump relaxes the control measures currently in place, we have no way of knowing what will happen next. Will the virus become dormant for the summer months and then return in fall (e.g., 1918 influenza pandemic)? Will it re-emerge as soon as control measures are abandoned? Will it be seeded by travel with other infected countries that are on different schedules?

Right now, there is both positive and negative evidence about all this. It’s too early to know anything for certain. I’ll be interested in seeing if there is a “Spring Break” effect. Prudence seems the best course as our public health officials, scientific experts and medical community get a better handle on this virus.

And yet I'm getting emails every day from Jewel and Tony's Fresh Market saying that they are immediately hiring for all shifts and positions and locations, and will accommodate temp work, as they are desperate for people. If you need a job, they look to be out there.

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Custard

12468
+238/-3022

Re: WTF did Trump do to the stock market?

« Reply #93 on: March 24, 2020, 02:01:17 PM »

Quote from: ThePAMan on March 24, 2020, 01:19:26 PM

Quote from: Custard on March 24, 2020, 11:07:07 AM
It’s already been out there and has been circulating and didn’t cause a rash of irregular deaths, and the primary reason cases are skyrocketing is that more tests are being performed.

What is an irregular death? No one knows who has what if there are no tests and people are asymptomatic. The tests just confirm that someone has it right then and there. It neither b
Negates nor confirms that there are people out there who have no idea whether they have it or not spreading it to someone who it may wind up killing.

The point is that we do not want the healthcare system to be overwhelmed.

China closed for, what, months? We can't do 15 days? So we've gone from concerns over "death panels" to "fuck grandma/die Boomer!' in 10 years?

A rash of deaths in an area(s) that doesn’t correspond to normal seasonal illness. Or point to a new localized epidemic.

I’m quite familiar with “flattening the curve”

Who is saying fuck grandma/die Boomer?

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Custard

12468
+238/-3022

Re: WTF did Trump do to the stock market?

« Reply #94 on: March 24, 2020, 02:15:23 PM »

Let the scientists and professionals tell us what to do, blah blah blah.

I noticed Kelly Loeffler was brought up here the other day.

Two months ago today members of Congress were briefed about the corona virus situation. Some of those members, like Kelly, started unloading millions of dollars worth of shares that would be hurt by a stock market collapse. Some then bought into stocks that would be directly benefitted by this situation!!! Golly what a coincidence!

This current situation wasn’t a result of improper planning or testing or anything else, they knew Americans were going to be sheltering in place and working from home 2+ months ago FFS. And that’s just the people being briefed. The people briefing them...how long did they know before the senators knew, and what did they know, exactly?

But go ahead and believe your flavor of talking heads on TV and identity politics like the good loyal subjects you are.

« Last Edit: March 24, 2020, 02:17:37 PM by Custard »

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ThePAMan

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Re: WTF did Trump do to the stock market?

« Reply #95 on: March 24, 2020, 02:37:30 PM »

Quote from: Custard on March 24, 2020, 02:15:23 PM

Let the scientists and professionals tell us what to do, blah blah blah.

I noticed Kelly Loeffler was brought up here the other day.

Two months ago today members of Congress were briefed about the corona virus situation. Some of those members, like Kelly, started unloading millions of dollars worth of shares that would be hurt by a stock market collapse. Some then bought into stocks that would be directly benefitted by this situation!!! Golly what a coincidence!

This current situation wasn’t a result of improper planning or testing or anything else, they knew Americans were going to be sheltering in place and working from home 2+ months ago FFS. And that’s just the people being briefed. The people briefing them...how long did they know before the senators knew, and what did they know, exactly?

But go ahead and believe your flavor of talking heads on TV and identity politics like the good loyal subjects you are.

Who here has approved of what she, and the other senators, did?

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ThePAMan

32272
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Re: WTF did Trump do to the stock market?

« Reply #96 on: March 24, 2020, 02:39:11 PM »

Quote from: Custard on March 24, 2020, 02:01:17 PM

Quote from: ThePAMan on March 24, 2020, 01:19:26 PM
Quote from: Custard on March 24, 2020, 11:07:07 AM
It’s already been out there and has been circulating and didn’t cause a rash of irregular deaths, and the primary reason cases are skyrocketing is that more tests are being performed.

What is an irregular death? No one knows who has what if there are no tests and people are asymptomatic. The tests just confirm that someone has it right then and there. It neither b
Negates nor confirms that there are people out there who have no idea whether they have it or not spreading it to someone who it may wind up killing.

The point is that we do not want the healthcare system to be overwhelmed.

China closed for, what, months? We can't do 15 days? So we've gone from concerns over "death panels" to "fuck grandma/die Boomer!' in 10 years?

A rash of deaths in an area(s) that doesn’t correspond to normal seasonal illness. Or point to a new localized epidemic.

I’m quite familiar with “flattening the curve”

Who is saying fuck grandma/die Boomer?

The Lt. Gov. of Texas did, didn't he?

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ThePAMan

32272
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Re: WTF did Trump do to the stock market?

« Reply #97 on: March 24, 2020, 02:42:02 PM »

Custard, you do not think the economy will just explode once this is all done? Maybe not the Kimberly-Clark stock, but everyone else?

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alum74

2749
+1465/-124

Re: WTF did Trump do to the stock market?

« Reply #98 on: March 24, 2020, 02:51:54 PM »

NYT has an interesting article (subscription required) about South Korea’s efforts to flatten the curve of new infections, doing so without having to take significant control measures like those in China, Europe and the U.S. Here are the lessons learned: swift action, widespread testing and contact tracing, and critical support from citizens.

How South Korea Flattened the Curve
https://www.nytimes.com/2020/03/23/world/asia/coronavirus-south-korea-flatten-curve.html

Here in the United States, public health experts warn that the nation is still falling well short of enough testing capacity to keep ahead of the virus. Plus it can often take a week just to get results back.

Testing blunders crippled US response as coronavirus spread
https://apnews.com/c335958b1f8f6a37b19b421bc7759722

It took six days to get test results back for Rand Paul. And he may have passed the virus to others during that time period.

It’s only been in the last few days that the U.S. began testing more people each day than far smaller South Korea, according to data compiled by Johns Hopkins University. We are moving in the right direction, but we’re still far from where we need to be.

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No one in Mn

12852
+179/-2650

Re: WTF did Trump do to the stock market?

« Reply #99 on: March 24, 2020, 03:05:41 PM »

Quote from: ThePAMan on March 24, 2020, 02:39:11 PM

Quote from: Custard on March 24, 2020, 02:01:17 PM
Quote from: ThePAMan on March 24, 2020, 01:19:26 PM
Quote from: Custard on March 24, 2020, 11:07:07 AM
It’s already been out there and has been circulating and didn’t cause a rash of irregular deaths, and the primary reason cases are skyrocketing is that more tests are being performed.

What is an irregular death? No one knows who has what if there are no tests and people are asymptomatic. The tests just confirm that someone has it right then and there. It neither b
Negates nor confirms that there are people out there who have no idea whether they have it or not spreading it to someone who it may wind up killing.

The point is that we do not want the healthcare system to be overwhelmed.

China closed for, what, months? We can't do 15 days? So we've gone from concerns over "death panels" to "fuck grandma/die Boomer!' in 10 years?

A rash of deaths in an area(s) that doesn’t correspond to normal seasonal illness. Or point to a new localized epidemic.

I’m quite familiar with “flattening the curve”

Who is saying fuck grandma/die Boomer?

The Lt. Gov. of Texas did, didn't he?

What the It Gov was saying, I believe, is find out where we are after the 15 day time frame and take it from there as far as how fast we let people back in the work force. Further transmission of the virus is hopefully reduced by fewer people contracting the virus during these 15 days. If you don't catch it, you won't pass it on. But start getting people back to work.
The possibility of a depression era is not out of the question if the virus is not contained, and the It Gov was saying to not let that happen for the sake of you youngsters and the kids. If supporting the economy by getting people back to work means more people like him and me don't live thru the virus; then so be it. Destroying the hopes and dreams of younger people at the expense of a bunch of grumpy old people is not fair to the people with their whole lives ahead of them.

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Still hiding behind innuendo and practicing the art of ommision.

No one in Mn

12852
+179/-2650

Re: WTF did Trump do to the stock market?

« Reply #100 on: March 24, 2020, 03:24:05 PM »

Quote from: alum74 on March 24, 2020, 02:51:54 PM

NYT has an interesting article (subscription required) about South Korea’s efforts to flatten the curve of new infections, doing so without having to take significant control measures like those in China, Europe and the U.S. Here are the lessons learned: swift action, widespread testing and contact tracing, and critical support from citizens.

How South Korea Flattened the Curve
https://www.nytimes.com/2020/03/23/world/asia/coronavirus-south-korea-flatten-curve.html

Here in the United States, public health experts warn that the nation is still falling well short of enough testing capacity to keep ahead of the virus. Plus it can often take a week just to get results back.

Testing blunders crippled US response as coronavirus spread
https://apnews.com/c335958b1f8f6a37b19b421bc7759722

It took six days to get test results back for Rand Paul. And he may have passed the virus to others during that time period.

It’s only been in the last few days that the U.S. began testing more people each day than far smaller South Korea, according to data compiled by Johns Hopkins University. We are moving in the right direction, but we’re still far from where we need to be.

S Korea has 1 international airport, 50 million people and a much smaller geographic area.
We have international ports of entry at all of the hot spots which happen to be hundreds to thousands of miles apart, 350 million people who are probably not amenable to the contact tracing, and most probably a much lower amount of critical support from citizens.
Contract tracing in Singapore showed 3 churches as the primary transmission centers. The gov of Fucking scUM is allowing church services partly due to separation of church and state.
It's quite a complex problem, but I've been doing my bit.
I was going to add that being old, I can afford to. My retirement accounts aren't acting like I can afford much of anything tho.

No edit. I typed Mich and it came out fucking scUM. So I'll leave it that way.

« Last Edit: March 24, 2020, 03:29:41 PM by Mn »

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ThePAMan

32272
+613/-2461
Because "PussyMan" and "PenisMan" were trademarked

Re: WTF did Trump do to the stock market?

« Reply #101 on: March 24, 2020, 03:26:12 PM »

Can watch it and decide for yourselves.....

https://www.star-telegram.com/news/coronavirus/article241456281.html

“No one reached out to me and said, ‘As a senior citizen, are you willing to take a chance on your survival in exchange for keeping the America that America loves for its children and grandchildren?’ And if that is the exchange, I’m all in,” Patrick told Carlson.

“Those of us who are 70 plus, we’ll take care of ourselves. But don’t sacrifice the country,” he said.

“I don’t want the whole country to be sacrificed,” he said on Fox News.

https://www.realclearpolitics.com/video/2020/03/24/texas_lt_gov_dan_patrick_a_lot_of_grandparents_would_be_willing_to_die_to_stop_a_second_great_depression.html

"I just think there are lots of grandparents out there in this country like me — I have six grandchildren — that's what we all care about. ... And I want to live smart and see through this, but I don't want the whole country to be sacrificed. And that's what I see."

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illiniray

9486
+637/-2109

Re: WTF did Trump do to the stock market?

« Reply #102 on: March 24, 2020, 04:35:08 PM »

Quote from: Custard on March 24, 2020, 11:07:07 AM

I’m not convinced such a catastrophe would happen if things were to return to quasi normal come April 1.

A friend and I were saying it well before I saw anyone else mention it—in reality it only severely affects a limited number of people. I

THat's the real issue, the total number who experience symptoms severe enough to require hospitalization. The experts are looking the numbers they have; hospitalization rates of 12 to 20%. Compared to .8 to 2% for the flu.

It's higher for certain at risk groups, but ... "As of March 16, in the United States ... ... Among (12% [rate]) ... patients known to have been hospitalized, ... 17% were aged 55–64 years, 18% were 45–54 years, 20% were aged 20–44 years ..."
https://www.cdc.gov/mmwr/volumes/69/wr/mm6912e2.htm?s_cid=mm6912e2_w

That's a 12% hospitalization rate and over half are under 55. Other than children, there is no safe group, though some children will experience severe symptoms.

« Last Edit: March 24, 2020, 04:59:04 PM by illiniray »

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ThePAMan

32272
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Re: WTF did Trump do to the stock market?

« Reply #103 on: March 24, 2020, 04:52:40 PM »

Quote from: illiniray on March 24, 2020, 04:35:08 PM

Quote from: Custard on March 24, 2020, 11:07:07 AM
I’m not convinced such a catastrophe would happen if things were to return to quasi normal come April 1.

A friend and I were saying it well before I saw anyone else mention it—in reality it only severely affects a limited number of people. I

THat's the real issue, the total number who experience symptoms severe enough to require hospitalization. The experts are looking the numbers they have; hospitalization rates of 12 to 20%. Compared to .8 to 2% or less for the flu.

It's higher for certain at risk groups, but ... "As of March 16, in the United States ... ... Among (12% [rate]) ... patients known to have been hospitalized, ... 17% were aged 55–64 years, 18% were 45–54 years, 20% were aged 20–44 years ..."
https://www.cdc.gov/mmwr/volumes/69/wr/mm6912e2.htm?s_cid=mm6912e2_w

That's a 12% hospitalization rate and over half are under 55. Other than children, there is no safe group, though some children will experience severe symptoms.

Fuck grandma, the Boomers, the Millenials, Gen Z, Gen X, Gen Y? Anyone else?

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murphstahoe

8442
+2033/-143

Re: WTF did Trump do to the stock market?

« Reply #104 on: March 24, 2020, 04:59:26 PM »

Quote from: Custard on March 23, 2020, 08:50:49 PM

And the mortality rate is hovering around 1% and will continue to drop as more and more lightly symptomatic or asymptomatic people are tested. Germany (where a lot more tests have been administered) has a much lower mortality rate. One that will likely mirror ours once our testing continues to get ramped up. This shit has been here literally for months.

The more the media panics everyone the more every person that gets a sniffle or a cough is going to get a test for covid 19 or going to the ER and tying up precious medical resources. All for basically a slightly stronger version of the flu.

And I’m seriously gonna be pissed if this ends up being less severe than H1N1.

Coronavirus death toll has already surpassed H1N1, so that's a pretty "Trumpian" statement.

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