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re: Players’ union expects no fans at NBA games during 2020-21 season
Posted on 6/20/20 at 12:37 pm to Bronc
Posted on 6/20/20 at 12:37 pm to Bronc
quote:
Until confidence is reasserted, which won’t happen until the virus is no longer a threat, the economy can not begin truly recover.
have you seen our economy explode since mid-April? look at the dow jones since early march
if we were scared, there wouldn't have been a surge in May when things re-opened
quote:
And the longer you drag it out the harder it will be to surge back.
YOU are advocating for the policy of dragging out these draconian lockdowns for years and years
we literally cannot afford it. we have already had to borrow almost 20% of our GDP for a very short-term stop gap support. how do we have a society while we wait for 5+ years on a vaccine?
Posted on 6/20/20 at 12:48 pm to SlowFlowPro
quote:
have you seen our economy explode since mid-April? look at the dow jones since early march
if we were scared, there wouldn't have been a surge in May when things re-opened
The Dow Jones is not the economy, it’s a stock index, and stock indexes are often out of line with economic realities. Especially as they become disconnected from larger economic trends by way of targeted Fed policies meant to juice them up. Like is happening right now. Real economic numbers are still incredibly grim and while forcing the country open will give a false sense of resurgence based on short term indicators, the long term health is still grim.
I’m not advocating dragging anything out for years. I’m for taking tough actions in the short term and reasonable guidelines after benchmarks have been met(and some states have already met them, so no need beyond reasonable social policies is needed). We already know from history that if Florida locked down tomorrow it wouldn’t need to do so for years, but maybe a couple months, and if they did like model countries could reopen without a new peak surge and history shows their long term economic outlook would improve much better than a floundering response that fails to minimize spread for an indefinite period of time. Which is where they are trending.
This post was edited on 6/20/20 at 12:50 pm
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