This is the end. We are witnessing collapse of the global economy

Discussion in 'Economics' started by orbit23, Mar 27, 2020.

  1. southall

    southall

    Of course the lock downs were too late in the US, we all know that, and even with our lock downs they wont be as good a job as china did.
     
    #91     Mar 28, 2020
  2. Turveyd

    Turveyd

    No flat curve, still spikey spikey.

    Looks like China didn't do so great lost 1% of population about 10Mil, check for new threads.
     
    #92     Mar 28, 2020
  3. southall

    southall

    Sorry but the test of 44000 people in the UK 10 days ago dont support your figures at all.
     
    #93     Mar 28, 2020
    Picaso likes this.
  4. Turveyd

    Turveyd

    We'll have to see, pretty confident.

    If the test was 10days ago, that's a long time ago, with this growth. Times 13 in 10 days.
     
    #94     Mar 28, 2020
  5. southall

    southall

    South Korea immediately began testing thousands of asymptomatic people weeks/months ago, the tests have been on going, now 15000 tests per day.
    So far they have found less than 10,000 infections out of around 500,000 tested.
     
    #95     Mar 28, 2020
  6. piezoe

    piezoe

    Read this brilliant editorial I read on Bloomberg today. I will put your mind at ease.

    The Lives-or-Dollars Debate Is a Waste of Time

    Nobody really believes that any cost is worth paying to save just one life, or that the Dow matters above all else.

    By
    Ramesh Ponnuru
    March 27, 2020, 3:13 PM CDT
    [​IMG]
    Looking clueless.

    Photographer: Eduardo Munoz Alvarez/Getty Images

    Ramesh Ponnuru is a Bloomberg Opinion columnist. He is a senior editor at National Review, visiting fellow at the American Enterprise Institute and contributor to CBS News.
    Among the critical shortages the coronavirus has revealed is one of a sophisticated vocabulary with which to discuss basic moral questions. It is not as urgent as the shortages of masks and ventilators but it has been just as evident in the news media.

    How else to explain the bizarre debate now taking place about whether we should sacrifice our economy to our health, or vice-versa? Those who want to reopen the economy now say that we are putting livelihoods at risk to save a small part of the population, and a part that has disproportionately seen most of its years already. Sometimes they find a class angle: People who can easily work from home, such as pundits, are protecting themselves from tiny risks by forcing real harms on those who can’t. A few people, like Texas’s lieutenant governor, Dan Patrick, have volunteered that they would sacrifice their lives for their countrymen: a stance that might be heroic if it weren’t theoretical.

    Those on the other side angrily insist that we shouldn’t abandon grandma for a few points on the Dow. “If everything we do saves just one life, I’ll be happy,” says New York governor Andrew Cuomo. They say that the conservatives who are itching to resume normal life are betraying their allegedly pro-life values.

    From the heat of the debate, you might think this question — lives or dollars? — was actually before us. It isn’t. For the time being, at least, there isn’t much of a trade-off. If everyone went to work now, the virus would spread faster and more of us would die or suffer severe and long-lasting bodily damage. (Among the stricken would be people in the prime of life, by the way.) That wouldn’t be good for the S&P 500. Under these circumstances, a lot of us wouldn’t go into work, or ask our colleagues to do it, even if government allowed us.

    What makes the debate even more foolish is that nobody actually acts as though they believe that health and other goods can be ranked in some global fashion. Cuomo does not actually believe that any cost is worth paying to save just one life. No health system is or could be designed with that principle in mind, and no government sets speed limits that way. The Catholic Church, well-known for its teaching about the sanctity of life, does not hold that all means to prolong life must be pursued in all situations.

    Patrick may be a blowhard, but the idea that he wants to see old people die to satisfy his zeal for higher corporate profits is a straw man. When people refer to “the Dow” in this context, it’s not about actual stocks, but shorthand for real human goods like the ability to provide for our families and do useful work.

    The pro-lifers who want to end the lockdowns are making a mistaken prudential judgment. They’re not hypocrites about being pro-life. There’s no logical conflict between letting people try to climb Mount Everest, even knowing some of them will die, and wanting abortion to be illegal.

    Very occasionally one runs into a maximalism that is the mirror-image of Cuomo’s. R.R. Reno, the editor of the religious-conservative journal First Things, suggested that we are showing a faithless fear of death by cancelling football games and dinner parties. The error, again, is to insist that various goods — including health, play, friendship, and religion — need to be ranked in order of importance. But this is impossible to do wholesale, and we shouldn’t try.

    All of us, Reno and Cuomo included, have to make retail judgments about trade-offs all the time. When a hurricane is bearing down on a city, it will postpone its games. It’s not thereby saying that life must be preserved at all costs, and its Christians need not hang their heads in shame. So too now. The dinner party can wait.

    The vast majority of us understand perfectly well how to make judgments in concrete situations that call for choice without thinking in terms of grand abstractions. The argument we are currently having is so pointless that it seems more like a psychological than an intellectual response to quarantine. We should find better ways to keep ourselves occupied.

    This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Ramesh Ponnuru at rponnuru@bloomberg.net

    To contact the editor responsible for this story:
    Tobin Harshaw at tharshaw@bloomberg.net
     
    #96     Mar 28, 2020
  7. Overnight

    Overnight

    That movie is great, right up until the point Will Smith has to kill Sam(antha), his dog. Heart-wrenching. Watching pets being killed in cinema is a tough role. Uggg. (And hey, after that point the movie is great. But that scene sucks. :-( )
     
    #97     Mar 28, 2020
  8. Turveyd

    Turveyd

    Prefer the Alternate ending where he lives and all is great, I'll have that ready to switch to on Youtube LOL yeah sad on the dog, Will liked the dog that much, he tried to buy him off the owner for lots of money, owner wanted more LOL
     
    #98     Mar 28, 2020
  9. Turveyd

    Turveyd

    UK Social distancing, 15days ago that started, everyone is scared, nobody went outside ( I did ) so to full lockdown wasn't really much of a change, other than gyms still busy, cinema's/pubs and the rest where dead already.

    next few days should tell, definately zero slow down as yet.
     
    #99     Mar 28, 2020
  10. Cuddles

    Cuddles

    That was the best scene of the movie
     
    #100     Mar 28, 2020