Virus vs Economy
Re: Virus vs Economy
"What both the left and the right get wrong about the coronavirus economic crisis"
https://www.vox.com/2020/3/28/21195207/ ... -recession
https://www.vox.com/2020/3/28/21195207/ ... -recession
up to you...
Re: Virus vs Economy
"Moderate social distancing yields $8 trillion in economic benefits, study finds"
"But in many respects, the either-or choice is a false one. A new working paper from Michael Greenstone and Vishan Nigam of the University of Chicago’s Becker Friedman Institute for Economics underscores that the two goals are complementary. A regimen of moderate social distancing, like what many areas of the country are doing now, has the potential to save well over a million lives.
And those saved lives are worth $8 trillion to the U.S. economy"
Full: https://www.msn.com/en-us/money/other/m ... li=BBnbfcN
"But in many respects, the either-or choice is a false one. A new working paper from Michael Greenstone and Vishan Nigam of the University of Chicago’s Becker Friedman Institute for Economics underscores that the two goals are complementary. A regimen of moderate social distancing, like what many areas of the country are doing now, has the potential to save well over a million lives.
And those saved lives are worth $8 trillion to the U.S. economy"
Full: https://www.msn.com/en-us/money/other/m ... li=BBnbfcN
up to you...
- Mr.November
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Re: Virus vs Economy
Remind me again how many virus deaths are projected this year?
- phuketrichard
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Re: Virus vs Economy
ur point being??Mr.November wrote: ↑Mon Mar 30, 2020 7:23 pm
Remind me again how many virus deaths are projected this year?
please look up worldwide traffic deaths and post for us
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
Re: Virus vs Economy
I don't believe a finance minister would commit suicide over the economic effects of Covid-19. They have yet to be felt and there's no way anyone's stopping his salary. He had a wife and two children aged 12 & 9.SiemReapRoddy wrote: ↑Mon Mar 30, 2020 7:54 am And it's only really beginning. Sad times.
https://www.dailymail.co.uk/news/articl ... risis.html
There is no evidence his suicide was due to the crisis except some very stupid and ill judged comments by State Governor Bouffier. If I was a member of the family I would be telling that big mouthed idiot to keep his assumptions to himself.
But it was the Daily Mail so there is that...
"Authorities said the married father-of-two appeared to have killed himself, with state governor Volker Bouffier suggesting on Sunday he was in despair over the coronavirus crisis."
"'I have to assume that these worries overwhelmed him,' Bouffier said. 'He apparently couldn't find a way out. He was in despair and left us."
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Re: Virus vs Economy
I really hope lockdown and destroyed lives doesn't affect poorer countries like Cambodia and Thailand.
9 UK citizens isolating were killed last night after only a few weeks stuck together.
And in LA, the suicide hotline recieved 1,500 calls in March (about 5x more than usual). 1 in 5 said they wanted to kill themselves due to money and personal reasons caused by COVID-19.
It's hate for New York to release their numbers.
After our world lockdown which looks like it's going to last until end of April, discussions will need to be had about which terrible fork in the road we go down.
9 UK citizens isolating were killed last night after only a few weeks stuck together.
And in LA, the suicide hotline recieved 1,500 calls in March (about 5x more than usual). 1 in 5 said they wanted to kill themselves due to money and personal reasons caused by COVID-19.
It's hate for New York to release their numbers.
After our world lockdown which looks like it's going to last until end of April, discussions will need to be had about which terrible fork in the road we go down.
- phuketrichard
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Re: Virus vs Economy
posted this in another thread but on thailand but applies to every country
Think about this, people are out of work, getting (maybe) $$ from their governments to get by, some of it will be in low interest, no interest loans but will need pay back.
once the virus is over an the xxx thousands will have died, life will go on.
BUT everyone that borrowed will now need to pay back. Many were just getting by on what they made before ,now they will be saddled with another debt, very very few will have excess $$ for a vacation. Many wont be able to get their old jobs back and so will be out of work for .....
How long can the goverment carry them?
End of tourism for at least a year or more? Fuck, an island like phuket which depends on tourism, (which for all matters will be closed down from April 10th)-, Siem Reap depends on tourism.
What happens when there are no tourist for a year or more?? Huge numbers of tourists visit the states, France, Italy, Se asian countries and on and on
doom and gloom...
Think about this, people are out of work, getting (maybe) $$ from their governments to get by, some of it will be in low interest, no interest loans but will need pay back.
once the virus is over an the xxx thousands will have died, life will go on.
BUT everyone that borrowed will now need to pay back. Many were just getting by on what they made before ,now they will be saddled with another debt, very very few will have excess $$ for a vacation. Many wont be able to get their old jobs back and so will be out of work for .....
How long can the goverment carry them?
End of tourism for at least a year or more? Fuck, an island like phuket which depends on tourism, (which for all matters will be closed down from April 10th)-, Siem Reap depends on tourism.
What happens when there are no tourist for a year or more?? Huge numbers of tourists visit the states, France, Italy, Se asian countries and on and on
doom and gloom...
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Re: Virus vs Economy
https://www.thesun.co.uk/news/11282990/ ... ronavirus/
Despite being published in The Sun, this article gives lots of interesting perspectives which have been sadly lacking in the rest of the mainstream media.
Despite being published in The Sun, this article gives lots of interesting perspectives which have been sadly lacking in the rest of the mainstream media.
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Re: Virus vs Economy
I wonder if countries/states should have just quarantined everyone over the age of 70 + those with underlying conditions. In the UK, for example, people could have stayed in their own homes or put up in 3/4 star hotels. They would receive all essentials including food from special personel.
For anyone who says this is like prison, the UK has locked everyone in their homes already. The police are even shaming people for buying Easter eggs (food).
And they could work really hard to come up with a vaccine while we all resume our lives.
It would be so much cheaper. Richer countries could even afford to give aid to poorer countries to quarantine their at-risk people too.
Instead we will probably end up with more violent and non-violent crime until well into the future.
For anyone who says this is like prison, the UK has locked everyone in their homes already. The police are even shaming people for buying Easter eggs (food).
And they could work really hard to come up with a vaccine while we all resume our lives.
It would be so much cheaper. Richer countries could even afford to give aid to poorer countries to quarantine their at-risk people too.
Instead we will probably end up with more violent and non-violent crime until well into the future.
Re: Virus vs Economy
I have written a couple of times of the beginning of a resistance in the UK to lockdown and crashing the economy, many commentators ar eopenly questioning the wisdom of it. The Sun's article by Trevor Kavanagh (a highly experienced political commentator) hits the nail on the head. This scorched earth policy wont work without a clearly defined exit plan. It should be lifted in increments and fast. Assuming good health, >30's at the end of this week, >40's a week later and see what happens. Within a month >50's out too.Cambo Dear wrote: ↑Tue Mar 31, 2020 3:37 pm https://www.thesun.co.uk/news/11282990/ ... ronavirus/
Despite being published in The Sun, this article gives lots of interesting perspectives which have been sadly lacking in the rest of the mainstream media.
By that time the doomed already in hospital will have died and those curable will be cured. Capacity largely restored.
The world is going to look very silly if Sweden brushes this off without trashing their economy.
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