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2
Posted on 3/23/20 at 12:23 pm to Malik Agar
As crazy as it sounds, for Itay that is good news, both of those numbers are lower than yesterday, and that's now 3 straight days of decline
Posted on 3/23/20 at 12:25 pm to STLhog
quote:
Factories aren't closing, business' are still running.
That is just totally false.
I live near 2 Honda manufacturing plants (right between one in GA and one in AL) and they are both shut down. The one in AL is a huge plant and is a very, very important part of the local economy. Thousands of people and hundreds more through contractors (my wife, no pics) are out of work right now. The actual Honda employees are being paid 80% of their salary for 2 weeks and after that, no one knows what will happen. And that doesn't include the labor they employ through temp agencies and other contractors they have on site. Not does include the hundreds of other plants that supply parts for Honda to assemble the vehicles at their plant.
There really is a chance that this thing turns very ugly locally. And I imagine this same scenario is being repeated all across the country in other small towns with a huge company that employs a big percentage of the surrounding communities.
Posted on 3/23/20 at 12:26 pm to lsu13lsu
quote:
This is probably bc he is seeing stats that say once you get on vent you are highly likely to die. And just doesn’t want to say it.
This is what I thought as well when I saw this.
Also, production of masks and ventilators has ramped up. We only have so much capacity in the US. It takes time to bring new manufacturing online.
From a political perspective, those on one side of the spectrum will always expect the federal government to do more, and it will never be possible in their eyes for the feds to do enough.
Posted on 3/23/20 at 12:26 pm to STLhog
quote:
Factories aren't closing, business' are still running.
That’s not true in many parts of the country
Posted on 3/23/20 at 12:26 pm to IAmNERD
BMW in South Carolina is temporarily shutting down in early April.
Posted on 3/23/20 at 12:31 pm to Malik Agar
quote:
quote:
BREAKING: Italy reports 4,789 new cases and 601 new deaths, raising total to 63,927 cases and 6,077 dead
That's actually somewhat not bad news for Italy. Hope it keeps going in that direction for them.
Posted on 3/23/20 at 12:32 pm to GetCocky11
There was some discussion on here about a week ago about Vitamin D's role in the immune system and preventing respiratory infections. Former CDC director Dr. Frieden wrote a piece about it today.
LINK
quote:
Vitamin D supplementation reduces the risk of respiratory infection, regulates cytokine production and can limit the risk of other viruses such as influenza. A respiratory infection can result in cytokine storms – a vicious cycle in which our inflammatory cells damage organs throughout the body – which increase mortality for those with COVID-19. Adequate Vitamin D may potentially provide some modest protection for vulnerable populations.
LINK
Posted on 3/23/20 at 12:35 pm to OldManRiver
Yeah, somewhat of an improvement for Italy.
Posted on 3/23/20 at 12:37 pm to IAmNERD
quote:
That is just totally false.
I live near 2 Honda manufacturing plants (right between one in GA and one in AL) and they are both shut down. The one in AL is a huge plant and is a very, very important part of the local economy. Thousands of people and hundreds more through contractors (my wife, no pics) are out of work right now. The actual Honda employees are being paid 80% of their salary for 2 weeks and after that, no one knows what will happen. And that doesn't include the labor they employ through temp agencies and other contractors they have on site. Not does include the hundreds of other plants that supply parts for Honda to assemble the vehicles at their plant.
There really is a chance that this thing turns very ugly locally. And I imagine this same scenario is being repeated all across the country in other small towns with a huge company that employs a big percentage of the surrounding communities.
The vast majority are running.
I completely understand the concern, especially if you're living it but just as these drastic measures have been taken overnight, they can be curbed overnight as well once we feel we have our head around the virus.
It's like you guys don't think the adminstration knows this or has any sort of plan to mitigate the effects on this.
Trumps election is nearly 100% based on the economy. You think he's not going to do EVERYTHING in his power to mitigate the damage?
Posted on 3/23/20 at 12:41 pm to STLhog
quote:
Trumps election is nearly 100% based on the economy. You think he's not going to do EVERYTHING in his power to mitigate the damage?
Supply and Demand is undefeated.
Posted on 3/23/20 at 12:43 pm to tigerfan88
Talking out of both sides of your mouth is a bad look.
Either you want the fedgov to completely shut everything down or you think that they can actually stop this from DC without the public's help.
They also know, like any rational human, that if they would have went from 0 to 100 4 weeks ago, it would cause chaos.
Either you want the fedgov to completely shut everything down or you think that they can actually stop this from DC without the public's help.
They also know, like any rational human, that if they would have went from 0 to 100 4 weeks ago, it would cause chaos.
Posted on 3/23/20 at 12:43 pm to GetCocky11
quote:
Supply and Demand is undefeated.
Demand comes back with the easing of restrictions when they feel its under control.
Supply should follow suit.
Posted on 3/23/20 at 12:45 pm to STLhog
quote:Completely false.
The vast majority are running.
These are rolling shutdowns.
Each state will take its turn shutting down everything.
This is absurd.
quote:That isn’t how it works at all.
I completely understand the concern, especially if you're living it but just as these drastic measures have been taken overnight, they can be curbed overnight as well once we feel we have our head around the virus.
Falls happen very fast. Climbs are significantly slower.
quote:Scruffy doesn’t think they have a plan at all ever since the start of this where they were convinced to take these draconian measures because so many of our citizens are morons and scared of every little thing.
It's like you guys don't think the adminstration knows this or has any sort of plan to mitigate the effects on this.
Posted on 3/23/20 at 12:47 pm to Scruffy
quote:
That isn’t how it works at all.
Falls happen very fast. Climbs are significantly slower.
This is the same dude who's touting potential bounce back gains from the market like they're already money in your account.
I think it's pretty safe to say he doesn't know how much of anything works, at all.
Posted on 3/23/20 at 12:50 pm to STLhog
quote:
Demand comes back with the easing of restrictions when they feel its under control
When do you predict the demand for toilet paper will rebound?
It may take years with the way everyone has been hoarding a years worth
Posted on 3/23/20 at 1:01 pm to tgrbaitn08
There's another cluster of coronavirus -- this time in a Donaldsonville retirement home.
Posted on 3/23/20 at 1:03 pm to Scruffy
quote:
Scruffy doesn’t think they have a plan at all ever since the start of this where they were convinced to take these draconian measures because so many of our citizens are morons and scared of every little thing.
I think the government is more focused on managing the hysteria than the virus. People want the government to solve all their problems and then turn around and complain about the spending
Posted on 3/23/20 at 1:03 pm to SabiDojo
Posted on 3/23/20 at 1:03 pm to MadDogs
As a financial advisor and CFP®, the financial/investment perspectives from some of the folks in this thread are pretty astounding.
Don't try to overcomplicate things. Invest in a diversified and appropriate strategy with a long-term perspective. If you can help it, don't watch CNBC and don't look at your account(s) every day. If you can invest more money now, do it.
The market will rebound eventually. When will it hit the bottom? No one knows. How quickly will it rebound? Probably very quickly initially with a slow slog back to where we were in January, but again, no one really knows.
Investors that focus on intraday or daily activity are living their worst nightmare right now. Investors who invest in a long-term strategy can sit back and (try to) relax or simply put more money in the market.
Just FYI, a 60/40 Stock/Bond mix earned around 76% (cumulatively) the five years following the 1987 stock market crash. 51% the five years following the Dot-Com crash. 47% the five years following September 2008.
Obviously, historical performance is not a guarantee of future performance, but there is promising precedent for patient investors.
Don't try to overcomplicate things. Invest in a diversified and appropriate strategy with a long-term perspective. If you can help it, don't watch CNBC and don't look at your account(s) every day. If you can invest more money now, do it.
The market will rebound eventually. When will it hit the bottom? No one knows. How quickly will it rebound? Probably very quickly initially with a slow slog back to where we were in January, but again, no one really knows.
Investors that focus on intraday or daily activity are living their worst nightmare right now. Investors who invest in a long-term strategy can sit back and (try to) relax or simply put more money in the market.
Just FYI, a 60/40 Stock/Bond mix earned around 76% (cumulatively) the five years following the 1987 stock market crash. 51% the five years following the Dot-Com crash. 47% the five years following September 2008.
Obviously, historical performance is not a guarantee of future performance, but there is promising precedent for patient investors.
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