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WTF did Trump do to the stock market?

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ThePAMan

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Re: WTF did Trump do to the stock market?
« Reply #120 on: March 25, 2020, 04:40:22 AM »
Quote from: Custard on March 24, 2020, 09:54:42 PM
Who ever said they wanted it to happen or forced it? The info was brought to them by others. They just knew it was going to happen, and like most people who want to safeguard their wealth, they safeguarded their wealth. Illegally, sure. But that visceral reaction is one we can all relate to.

You seemingly understand that they knew what was going to happen, but yet you are tacitly defending them for not blowing the whistle on a global pandemic that would destroy the world economy for at least some time, result in thousands of deaths, and cause the lowest wage earners in the entire developed world to be living hand to mouth inside of two weeks?

If they knew what was happening in China and what we’d be facing here in 1.5-2 months (which they clearly did based on their actions) then why didn’t they act to prevent the outcome? Maybe because they wagered heavily in favor of the outcome we are seeing now? And why would you wager heavily in favor of any outcome? I’m not much of a gambler, but I do know smart gamblers always take a sure bet when they see it.  We all knew, if you were following things,  what was happening in China.

Just food for thought.

You seem to be all over the road here. No one is defending them. Many are critical of the government's efforts. Some.seem to believe that the government is tanking the economy for "nothing." Seems like the markets had a better idea of what was coming and was ignoring Trump's call to go about our business as if nothing was happening.

Why didn't they act to try and stop it? Well, we know 3 of them are Trump loyalists who weren't going to cross him publicly when he was downplaying this. Diane Feinstein? Good question. Not sure what her public pronouncements were on the subject at the time while she was dumping stock.  For all we know all of them were dumping their stock because they knew the threat and they knew Trump was going to refuse to do what the scientists advised was necessary.

I think you overestimate anyone's ability to stop this. You can't stop it, you can only hope to contain it. 
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No one in Mn

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Re: WTF did Trump do to the stock market?
« Reply #121 on: March 25, 2020, 06:47:58 AM »
Quote from: murphstahoe on March 24, 2020, 05:07:11 PM
Quote from: Custard on March 24, 2020, 02:01:17 PM
Who is saying fuck grandma/die Boomer?

The Lt Governor of Texas.

His statement was just great - "If I get it, I'll take care of myself and try to get better". But trying to get better for a 70 year old may involve a ventilator. We haven't started rationing them yet, but that's the path we would be headed towards without mitigation. But that guy's rugged individualism would vanish pretty damn quick as he'd be trying to override doctors who tell him that given his age and co-morbidities, he doesn't pass muster for a ventilator and will be on comfort care only in order to treat more likely survivors.
And what would you say about the priest ?

"Don Giuseppe Berardelli, 72, was the archpriest of Casnigo, a town in northern Italy about 50 miles northeast of Milan.

According to Italian news site Prima Bergamo, Berardelli died sometime between March 15 and 16 and was being treated at a hospital in nearby Lovere, as his condition worsened.

A health care worker at the hospital told the Italian online news outlet Araberara that Berardelli was given a ventilator but the priest refused it so someone who was younger than him could use it."

RIP.
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ThePAMan

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Re: WTF did Trump do to the stock market?
« Reply #122 on: March 25, 2020, 08:55:42 AM »
Quote from: Mn on March 25, 2020, 06:47:58 AM
Quote from: murphstahoe on March 24, 2020, 05:07:11 PM
Quote from: Custard on March 24, 2020, 02:01:17 PM
Who is saying fuck grandma/die Boomer?

The Lt Governor of Texas.

His statement was just great - "If I get it, I'll take care of myself and try to get better". But trying to get better for a 70 year old may involve a ventilator. We haven't started rationing them yet, but that's the path we would be headed towards without mitigation. But that guy's rugged individualism would vanish pretty damn quick as he'd be trying to override doctors who tell him that given his age and co-morbidities, he doesn't pass muster for a ventilator and will be on comfort care only in order to treat more likely survivors.
And what would you say about the priest ?

"Don Giuseppe Berardelli, 72, was the archpriest of Casnigo, a town in northern Italy about 50 miles northeast of Milan.

According to Italian news site Prima Bergamo, Berardelli died sometime between March 15 and 16 and was being treated at a hospital in nearby Lovere, as his condition worsened.

A health care worker at the hospital told the Italian online news outlet Araberara that Berardelli was given a ventilator but the priest refused it so someone who was younger than him could use it."

RIP.

He was a priest, maybe a hero, and not a typically selfish politician?
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No one in Mn

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Re: WTF did Trump do to the stock market?
« Reply #123 on: March 25, 2020, 09:40:15 AM »
Quote from: ThePAMan on March 25, 2020, 08:55:42 AM
Quote from: Mn on March 25, 2020, 06:47:58 AM
Quote from: murphstahoe on March 24, 2020, 05:07:11 PM
Quote from: Custard on March 24, 2020, 02:01:17 PM
Who is saying fuck grandma/die Boomer?

The Lt Governor of Texas.

His statement was just great - "If I get it, I'll take care of myself and try to get better". But trying to get better for a 70 year old may involve a ventilator. We haven't started rationing them yet, but that's the path we would be headed towards without mitigation. But that guy's rugged individualism would vanish pretty damn quick as he'd be trying to override doctors who tell him that given his age and co-morbidities, he doesn't pass muster for a ventilator and will be on comfort care only in order to treat more likely survivors.
And what would you say about the priest ?

"Don Giuseppe Berardelli, 72, was the archpriest of Casnigo, a town in northern Italy about 50 miles northeast of Milan.

According to Italian news site Prima Bergamo, Berardelli died sometime between March 15 and 16 and was being treated at a hospital in nearby Lovere, as his condition worsened.

A health care worker at the hospital told the Italian online news outlet Araberara that Berardelli was given a ventilator but the priest refused it so someone who was younger than him could use it."

RIP.

He was a priest, maybe a hero, and not a typically selfish politician?
I'm not sure that would make for a good grave stone inscription.
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ILLove1997

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Re: WTF did Trump do to the stock market?
« Reply #124 on: March 25, 2020, 10:40:43 AM »
we bottomed on monday, buy anything and everything

enjoy
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Custard

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Re: WTF did Trump do to the stock market?
« Reply #125 on: March 25, 2020, 12:12:32 PM »
Quote from: ThePAMan on March 25, 2020, 04:40:22 AM
Quote from: Custard on March 24, 2020, 09:54:42 PM
Who ever said they wanted it to happen or forced it? The info was brought to them by others. They just knew it was going to happen, and like most people who want to safeguard their wealth, they safeguarded their wealth. Illegally, sure. But that visceral reaction is one we can all relate to.

You seemingly understand that they knew what was going to happen, but yet you are tacitly defending them for not blowing the whistle on a global pandemic that would destroy the world economy for at least some time, result in thousands of deaths, and cause the lowest wage earners in the entire developed world to be living hand to mouth inside of two weeks?

If they knew what was happening in China and what we’d be facing here in 1.5-2 months (which they clearly did based on their actions) then why didn’t they act to prevent the outcome? Maybe because they wagered heavily in favor of the outcome we are seeing now? And why would you wager heavily in favor of any outcome? I’m not much of a gambler, but I do know smart gamblers always take a sure bet when they see it.  We all knew, if you were following things,  what was happening in China.

Just food for thought.

You seem to be all over the road here. No one is defending them. Many are critical of the government's efforts. Some.seem to believe that the government is tanking the economy for "nothing." Seems like the markets had a better idea of what was coming and was ignoring Trump's call to go about our business as if nothing was happening.

Why didn't they act to try and stop it? Well, we know 3 of them are Trump loyalists who weren't going to cross him publicly when he was downplaying this. Diane Feinstein? Good question. Not sure what her public pronouncements were on the subject at the time while she was dumping stock.  For all we know all of them were dumping their stock because they knew the threat and they knew Trump was going to refuse to do what the scientists advised was necessary.

I think you overestimate anyone's ability to stop this. You can't stop it, you can only hope to contain it.

That’s what they say about DCPeru on the playgrounds of LaSalle County
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alum74

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Re: WTF did Trump do to the stock market?
« Reply #126 on: March 25, 2020, 12:55:16 PM »
“The truth is that protecting people and protecting the economy are not mutually exclusive. In fact, one depends on the other. We save our economy by first saving lives. And we have to do it in that order.”
— Ohio Gov. Mike DeWine (R), on Twitter.

https://twitter.com/GovMikeDeWine/status/1242517625768460289

DeWine is the type of Republican I miss. Conservative, not policies I would support, but fact based, no conspiracy theories, intelligent and competent.
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ridingthegrange

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Re: WTF did Trump do to the stock market?
« Reply #127 on: March 25, 2020, 01:50:40 PM »
DeWine is the type of Republican I miss. Conservative, not policies I would support, but fact based, no conspiracy theories, intelligent and competent.

I agree with 74.  I was a life long independent and always took pride in splitting the ticket although with a slight lean to the donkeys.  Once the elephants engaged in the full press to deny folks access to voting, I registered as a Dem.  I still split my ticket on occasion but just in local races.
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illinicalvin

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Re: WTF did Trump do to the stock market?
« Reply #128 on: March 25, 2020, 02:47:36 PM »
Quote from: murphstahoe on March 24, 2020, 05:13:12 PM
The result of this would be like what we saw in Puerto Rico. Sure, only a couple hundred died in the storm, but then thousands die because there is no electricity. That means those deaths were due to .. the storm. Because no storm, no power outage.

If we turn the hospitals into a mash tent because we've allowed so many to get sick, what happpens to you when you get into a car wreck and need trauma care? There's no room for you, and the surgeon is in the ICU being treated.

That's where the Lt Gov fails in his analysis, not mitigating corona will basically put our entire health care system on halt. What happens to high risk childbirths? Major urgent orthopedic issues. Standard issue heart failure?
I don't think, conceptually, people really understand that hospital capacity is finite and ultimately the issue here. Anecdotally, there are numerous reports circulating right now that ERs are already under strain in major cities. Our approach to testing has partly contributed to this b/c there's no middle ground between being asymptomatic and having symptoms/being at risk in many areas.

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No one in Mn

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Re: WTF did Trump do to the stock market?
« Reply #129 on: March 25, 2020, 03:04:58 PM »
Quote from: alum74 on March 25, 2020, 12:55:16 PM
“The truth is that protecting people and protecting the economy are not mutually exclusive. In fact, one depends on the other. We save our economy by first saving lives. And we have to do it in that order.”
— Ohio Gov. Mike DeWine (R), on Twitter.

https://twitter.com/GovMikeDeWine/status/1242517625768460289

DeWine is the type of Republican I miss. Conservative, not policies I would support, but fact based, no conspiracy theories, intelligent and competent.

I wasn't too sure about this when I heard it close to 2 weeks ago, and it looks like Ohio now has 500+ cases. 500+ appears to be in a common average of 5 cases per 100,000 people.
I'm not criticizing DeWine or the state health dept, and I assume DeWine was relying on his health dept. We're learning new things about coronavirus by the hour, and we sure didn't have any data to go off close to 2 weeks ago.

Governor Mike DeWine
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@GovMikeDeWine
.@DrAmyActon: I know it is hard to understand #COVID19 since we can't see it, but we know that 1% of our population is carrying this virus today -- that's over 100,000 people.

1,757
2:00 PM - Mar 12, 2020
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ThePAMan

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Re: WTF did Trump do to the stock market?
« Reply #130 on: March 25, 2020, 04:23:24 PM »
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murphstahoe

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Re: WTF did Trump do to the stock market?
« Reply #131 on: March 25, 2020, 05:07:13 PM »
Quote from: Mn on March 25, 2020, 06:47:58 AM
["Don Giuseppe Berardelli, 72, was the archpriest of Casnigo, a town in northern Italy about 50 miles northeast of Milan.

According to Italian news site Prima Bergamo, Berardelli died sometime between March 15 and 16 and was being treated at a hospital in nearby Lovere, as his condition worsened.

A health care worker at the hospital told the Italian online news outlet Araberara that Berardelli was given a ventilator but the priest refused it so someone who was younger than him could use it."

RIP.

1) The Lt Governor - I can wager big money - would not be so altruistic. Nothing in his background suggests that. There are plenty of dopey priests in the Catholic Church, but there are some saints. This guy was a saint, at least in this instance.

2) I will assumt that this Priest would be like his countrymen at this point - awesome videos out there of Italian mayors launching profanity launched rants to their people to STAY THE FUCK HOME. Because unlike our friend in Texas, they hope that someone younger WON'T NEED IT
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murphstahoe

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Re: WTF did Trump do to the stock market?
« Reply #132 on: March 25, 2020, 05:13:24 PM »
Quote from: Mn on March 25, 2020, 03:04:58 PM
Quote from: alum74 on March 25, 2020, 12:55:16 PM
“The truth is that protecting people and protecting the economy are not mutually exclusive. In fact, one depends on the other. We save our economy by first saving lives. And we have to do it in that order.”
— Ohio Gov. Mike DeWine (R), on Twitter.

https://twitter.com/GovMikeDeWine/status/1242517625768460289

DeWine is the type of Republican I miss. Conservative, not policies I would support, but fact based, no conspiracy theories, intelligent and competent.

I wasn't too sure about this when I heard it close to 2 weeks ago, and it looks like Ohio now has 500+ cases. 500+ appears to be in a common average of 5 cases per 100,000 people.
I'm not criticizing DeWine or the state health dept, and I assume DeWine was relying on his health dept. We're learning new things about coronavirus by the hour, and we sure didn't have any data to go off close to 2 weeks ago.

Governor Mike DeWine
✔
@GovMikeDeWine
.@DrAmyActon: I know it is hard to understand #COVID19 since we can't see it, but we know that 1% of our population is carrying this virus today -- that's over 100,000 people.

1,757
2:00 PM - Mar 12, 2020

Silicon Valley pretty much shut down 3 weeks ago. When our school announced on a Tuesday night that schools would close the following Monday,  we shut it down immediately and didn't send our kid, that was the case for 75% of parents, the rest were people with essential jobs and no childcare. Everyone made one massive trip to the store with gloves, and shut it all down. I've spent $3.99 USD in the past 9 days, on an iPhone app. We're out of Coca-Cola, which means that I don't get a Coke for at least another week, maybe more. But we stocked up for the long haul and we're not alone.

The curve here is flattening fast because of this.

I doubt Mike DeWine has that level of constituency to protect.
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alum74

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Re: WTF did Trump do to the stock market?
« Reply #133 on: March 25, 2020, 06:04:17 PM »
Quote from: ridingthegrange on March 25, 2020, 01:50:40 PM
DeWine is the type of Republican I miss. Conservative, not policies I would support, but fact based, no conspiracy theories, intelligent and competent.

I agree with 74.  I was a life long independent and always took pride in splitting the ticket although with a slight lean to the donkeys.  Once the elephants engaged in the full press to deny folks access to voting, I registered as a Dem.  I still split my ticket on occasion but just in local races.

Your comment got me thinking of the last Republican I voted for in a statewide election.  It was Judy Baar Topinka (RIP), who ran for Governor against ding-dong Rod Blagojevich in 2006.  I didn’t agree with all her political views, but she was honest, candid and authentic.   She would have done a good job of running state government for everyone.     
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fucking

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Re: WTF did Trump do to the stock market?
« Reply #134 on: March 25, 2020, 07:42:06 PM »
I probably voted for more GOPs than Dems in my first few elections.   They were more practical, less ideological.

The GOP is now the Southern Democrats. Some of them (Richard Shelby) are the actual same people. I always hated the Southern Democrats, and I still hate them. I also hated the David Bonior/Dick Gephardt types, who were simply mouthpieces for Big Labor.

Today's GOP is basically the Confederate States of America. They never went away. They still don't care about the Constitution. They even fly the same flags and worship the same heroes.
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