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Nzoner's Game Room>***NON-POLITICAL COVID-19 Discussion Thread***
JakeF 10:28 PM 02-26-2020
A couple of reminders...

Originally Posted by Bwana:
Once again, don't come in this thread with some kind of political agenda, or you will be shown the door. If you want to go that route, there is a thread about this in DC.
Originally Posted by Dartgod:
People, there is a lot of good information in this thread, let's try to keep the petty bickering to a minimum.

We all have varying opinions about the impact of this, the numbers, etc. We will all never agree with each other. But we can all keep it civil.

Thanks!

Click here for the original OP:

Spoiler!

[Reply]
Bearcat 01:36 PM 04-23-2020
Originally Posted by Discuss Thrower:
Please tell me the fundamental difference between what the US government and Federal Reserve did in 2008 to 'save' the economy and what those same two entities are doing now?
2008 - Banks shoveled debt to people with proven records of not being able to take on the debt.
2020 - A pandemic started.

2008 - ...this somehow blindsided the economy when these people couldn't pay their mortgages.
2020 - People were asked to stay home.

2008 - People go broke and lose jobs due to the downsizing of the housing market (among other things).
2020 - People aren't able to work due to temporary closures for ~30-60 days.

2008 - People are forced to go on unemployment because they are laid off.
2020 - People are told they should go on unemployment due to the temporary closures.

2008 - ...and there's no guarantees of those jobs returning any time soon.
2020 - ...there's no hard evidence that the vast majority of jobs won't return.

2008 - Trying to return to normal, people don't have jobs and are possibly under water in mortgage debt.
2020 - Trying to return to normal, people go back to work, but are afraid of starting the 2nd wave of the pandemic.

2008 - The government sends $1000 to people who are filing bankruptcy and/or don't have jobs.
2020 - The government sends $1000 to people who are temporarily not working for 30-60 days at the jobs that still exist but were on hold.
[Reply]
Rain Man 01:39 PM 04-23-2020
Originally Posted by dlphg9:
I think you're in the wrong thread
It's important enough news that we should allow it.
[Reply]
BleedingRed 01:39 PM 04-23-2020
Originally Posted by Donger:
When have we had a flu season CFR with .5%?
Been posted before but I believe the highest has been .4
[Reply]
Donger 01:40 PM 04-23-2020
Originally Posted by BleedingRed:
Been posted before but I believe the highest has been .4
Not that I recall. And leaving out elderly people makes it moot anyway.
[Reply]
OnTheWarpath15 01:41 PM 04-23-2020
Originally Posted by Donger:
An American Airlines flight from Miami to LGA yesterday.
I could have swore I received an email from them when this first started that they were cutting capacity on flights to allow for distancing measures.
[Reply]
Monticore 01:41 PM 04-23-2020
Originally Posted by BleedingRed:
Been posted before but I believe the highest has been .4
You can't say that either because not everyone that got the flu was identified and tested so the CFR for influenza is probably lower.CFR is also not the only metric used in comparing viruses.
[Reply]
chiefzilla1501 01:43 PM 04-23-2020
Originally Posted by Bearcat:
I'm no economic expert, but theoretically I'd think fixing something that was purposely done is inherently easier than being relatively blindsided by an economic bubble bursting.

Aside from the black or white hysteria/"all is fine", what are the facts at this point? How many of the jobs lost from Covid things will come back immediately? Is there hard evidence at this point that the majority of jobs (or a large chunk) won't come back? If we're at 'great recession' levels now and we're talking about opening things up soon, how exactly would this be worse than that period of time (not saying you said it would be worse, but some people are really acting like it)?

Yeah, the country isn't going to all run out and go to the movies and concerts and travel, etc... small business have already closed and others will. Spending will be down. OTOH.... it's been one month with hopes of ending this fairly soon, yet people are acting like those 20 million people have been unemployed for a year with zero hope of employment.

There are so many variables and unknowns, not sure why we have to jump to the worst case scenario.
There's actually reasons for optimism. Of course this is going to hurt. But as hard as we've been hit I think a lot of the structural stuff is still pretty sound. Structural issues like the financial crisis would be the big concern but that doesn't seem to be the case. Seems less likely we'll see a v shaped recovery. But I don't know that it'll be L shaped either. So... Probably bad but not as bad as we may have thought
[Reply]
BleedingRed 01:44 PM 04-23-2020
Originally Posted by Monticore:
You can't say that either because not everyone that got the flu was identified and tested so the CFR for influenza is probably lower.
sure but the same could be said about COVID. This is just NYC we are talking about. Wouldnt the CFR drop even further in places like Texas that already have a low CFR when compared to NYC.

If the CFR in the WORST place in USA is .5 (Sure that bad) then wouldn't other places CFR drop even further?
[Reply]
Donger 01:44 PM 04-23-2020
Originally Posted by Discuss Thrower:
Do you have anything insightful to add?
What exactly are you predicting is going to happen?
[Reply]
Monticore 01:45 PM 04-23-2020
Originally Posted by BleedingRed:
sure but the same could be said about COVID. This is just NYC we are talking about. Wouldnt the CFR drop even further in places like Texas that already have a low CFR when compared to NYC.

If the CFR in the WORST place in USA is .5 (Sure that bad) than wouldn't other place CFR drop even further?
the CFR will vary depending on which demographics it infects but overall the true cfr of the virus should be the same.
[Reply]
kgrund 01:45 PM 04-23-2020
Originally Posted by Donger:
When have we had a flu season CFR with .5%?
I think what he was saying was overall the CFR is around .5% so when you take out the over 50 crowd, the CFR dips into flu ranges.
[Reply]
BleedingRed 01:46 PM 04-23-2020
Originally Posted by Monticore:
It might not if the spread in texas is lower.
sure,

But let assume same % (no likely) that would lower the CFR correct?
[Reply]
Donger 01:47 PM 04-23-2020
Originally Posted by kgrund:
I think what he was saying was overall the CFR is around .5% so when you take out the over 50 crowd, the CFR dips into flu ranges.
And why would one do that to begin with?
[Reply]
Dartgod 01:48 PM 04-23-2020
Originally Posted by Donger:
What exactly are you predicting is going to happen?

[Reply]
Monticore 01:50 PM 04-23-2020
Originally Posted by BleedingRed:
sure,

But let assume same % (no likely) that would lower the CFR correct?
no if it infects the same demographics why would it kill less in texas?
[Reply]
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