But that is the rub isn't it.....finding the balance of what not to outsource but private industry is in charge of it and they decide based on their bottom line. Government should stop handing out random tax breaks to wealthy people who don't really need it (i.e. they were pretty wealthy before them) and maybe give larger incentives to companies who choose to produce in the U.S. We seem to bend over backwards to give Honda and Hyundai tax breaks to produce here and don't care if U.S. companies go overseas. Trump was bragging about how companies were coming back but no intelligent company is going to come back and manufacture here and lose money unless they get huge corporate welfare handouts. That is the disconnect between U.S. economy and manufacturing in the U.S. But neither the GOP nor Dems can agree on corporate welfare because to be honest if I ran a drug company, I am not producing here at $20/unit if I can go overseas and produce at $5/unit.
These choices will become more and more difficult with every passing week as the broader population suffers more and more. What I don't know is what are the current death rates for those infected over 70 or so? Is it 10%, 25%, 50%, higher? I don't know that. Now if it's some astronomically high percentage then yes, we must do all we can, for as long as we can to try and save the elderly. If we're talking 10%, then, difficult as the decision will be, we cannot destroy the country to save those people. When do we say uncle is the question? When do we say, sorry folks, you get it, you get it, good luck? How much pain can we take, and will there be any pieces left to pick up when it's all said and done?
I specifically stated... key parts of our economic security... pharmaceuticals as has been pointed out here on elitetrader by captain and others. I would include the ability to make every part of computers including screens. rare earths batteries every part of military weapons... certain food etc... in the movie ford vs ferrari... when shelby got a bit uppity (paraphrase coming) he Ford jr... pulled shelby over and said its not all paper pushing here... that building over there.. 75% of our bombers during ww2 were made there.. . that is the type of security I am talking about... we have let china dump and destroy sector after sector. we are currently about to find out how compromised we really are. I hope, only a little.
Insanity. Nearly 7 million people on lockdown for the next three weeks. This is not at all rational thinking unless the death toll numbers we're being told are complete bullshit and there are millions of dead Chinese. You know more cities will follow this lead in the coming days/hours. Six counties across the Bay Area in California issued a “shelter in place” order on Monday for all residents – requiring roughly 6.7 million people to stay in their homes – in an attempt to slow the coronavirus outbreak. For the next three weeks, people living in San Francisco, Santa Clara, San Mateo, Marin, Contra Costa and Alameda counties will be restricted from all “non-essential travel” by “foot, bicycle, scooter, automobile, or public transit” outside their homes. Also, most businesses will be forced to close until April 7, starting at midnight on Monday. https://www.usatoday.com/story/news...a-residents-ordered-shelter-place/5061938002/
1. You are now stuck in the house with your wife and suffering (count me in that group). 2. Some really cool guy shit you finally got permission to do was just cancelled (ditto). 3. The local bar where you used to get away from #1 and enjoy stuff with #2 is also closed.
If 4000 people are infected in the USA today, and it increases by 20% each day, then surely compound interest calculations would say that tens of millions would be affected in two months time. Someone smarter can check my math, bur I guess that is why there is a panic by government.