Should US open economy sooner in May or wait more.

Discussion in 'Economics' started by 1957may10, Apr 21, 2020.

  1. Turveyd

    Turveyd

    #522     May 17, 2020
  2. In the end there will be an impact. Whether the trade off is worth it is the question. People sacrifice their lives for national security. Why not sacrifice lives for financial stability?. Unlike the financial crisis, the rich are relatively unaffected, so my guess is that we will end up having a lot of avoidable deaths, but DJI will get to an all time high in a few weeks.
     
    #523     May 17, 2020
  3. Turveyd

    Turveyd

    Lives are being sacrificed to save the few that this would save aswell, although it's not really saving them it's just delaying there deaths slightly cause if C19 will kill them this week, 1 week later likely to have the same result.

    And we are all going to get it, once it reaches this level of wild.
     
    #524     May 17, 2020
  4. #525     May 17, 2020
  5. #526     May 17, 2020
  6. It will be too late to do anything after it is spread.

    UT Southwestern is a well respected non partisan institution. They are giving a warning NOT to do what Abbot is doing.

    If rural Texans lose people Cornyn is toast in Nov even if he runs against a sack of potatoes. Interesting times.

    Cornyn is already asking Texans to sign up for Obamacare!!!

    https://thehill.com/homenews/senate...-health-care-should-sign-up-for-obamacare?amp
     
    #527     May 17, 2020
  7. It’s to early to make conclusions. It market spikes up, it is still early to say it will go up.
    Wait, don’t make any speculation. I’m math statistic person, it’s early. I wii be lookin on it.
    Promise will show how it is.
     
    #528     May 17, 2020
  8. If we looking statistical data spikes up and down will be eliminated to propagate the trend.
    That how it works. So far I see only spike.
     
    #529     May 17, 2020
  9. You are correct, but once we have enough data to confirm, it becomes too late. Hence forecasting models rather than confirming analysis. I get your point about jumping to conclusions from inconclusive data, but better to be safe than sorry in this case, as the potential cost of a reversal to lockdown will be far higher than the cost of gradual opening. Given the delay in start of virus in Texas I am not able to reason why Texas is opening before CA or WA, other than it being political
     
    #530     May 17, 2020