*** Official Corona Virus Thread ***

obslop

Rabbitt Bartholomew status
Feb 4, 2002
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san diego, CA

casa_mugrienta

Duke status
Apr 13, 2008
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So in other words print more money and further destroy the dollar.

That's easy for Kashkari to say - no matter what he'll still have a job either working for the Fed, a financial institution, or the government that will guarantee him and his family a comfortable existence.

As far as people saving - what sort of data do we have to support that?

I was recently quoted 3 to 4 MONTHS "just to be on the safe side, it will probably be faster" for a board order because glassers and CNC operators are apparently slammed. I've heard this from multiple people. And surf shops have been having some of their best board sales numbers ever.

Also, https://forum.surfer.com/index.php?threads/electric-bikes-now-everywhere-stimulus-check-related.228902/#post-3215589
 

PRCD

Tom Curren status
Feb 25, 2020
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So in other words print more money and further destroy the dollar.

That's easy for Kashkari to say - no matter what he'll still have a job either working for the Fed, a financial institution, or the government that will guarantee him and his family a comfortable existence.
People like him are only able to live comfortably in rich, ultra-safe metropolises under heavy police protection (read "Bonfire of the Vanities by Tom Wolfe). They're typically so weird and revolting to normal people that they can't live in smaller or poorer communities where people depend on one-another more.

BTW, the Fed is pushing the latest monetary theory: MMT. Basically, they believe they can just grow the economy by printing more. The little guy still has to be able to work to collect the money unless massive stimulus checks are sent to him, which definitely didn't happen last time. Even if that happened, idle hands are the Devil's plaything.
 

crustBrother

Kelly Slater status
Apr 23, 2001
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From the above link...

“Those of us who are fortunate enough to still have our jobs, we’re saving a lot more money because we’re not going to restaurants or movie theaters or vacations,” Kashkari said.
“That actually means that we have a lot more resources as a country to support those who have been laid off,” he said.

WTF?

We aren't going to fund covid relief with a redirection of discretionary income in a nation where the average household income is 61K.

We are going to fund covid relief by continuing to create trillions of dollars out of thin air and inject most of them into asset classes that make the rich even richer!
 

PRCD

Tom Curren status
Feb 25, 2020
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From the above link...

“Those of us who are fortunate enough to still have our jobs, we’re saving a lot more money because we’re not going to restaurants or movie theaters or vacations,” Kashkari said.
“That actually means that we have a lot more resources as a country to support those who have been laid off,” he said.

WTF?

We aren't going to fund covid relief with a redirection of discretionary income in a nation where the average household income is 61K.

We are going to fund covid relief by continuing to create trillions of dollars out of thin air and inject them most of them into asset classes that make the rich even richer!
Yep., IOW, it's great for Kashkari. "We have a lot more resources to support those who've been laid-off" except that they're not being distributed to those who have been laid-off. CA's unemployment office is waaaaaaaaaaaaaaay backed-up and UI checks don't pay the bills of the middle class.

Kashkari's got his though y'all!
 
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PRCD

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Point is simple.

If you cannot manage the virus, your economy cannot recover.
Here's what he said
The U.S. economy could benefit if the nation were to “lock down really hard” for four to six weeks, a top Federal Reserve official said on Sunday, adding that Congress can well afford large sums for coronavirus relief efforts.

The economy, which in the second quarter suffered its biggest blow since the Great Depression, would be able to mount a robust recovery, but only if the virus were brought under control, Neel Kashkari, president of the Minneapolis Federal Reserve Bank, told CBS’ “Face the Nation.”

“If we don’t do that and we just have this raging virus spreading throughout the country with flare-ups and local lockdowns for the next year or two, which is entirely possible, we’re going to see many, many more business bankruptcies,” Kashkari said.
We locked down hard for far more than 6 weeks in this state and now we're having another flare-up. Seems like we did what he wanted and we're still having a flare-up of cases, so maybe he's not an expert in epidemiology. Maybe he should just stick to what he knows.
 

casa_mugrienta

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Apr 13, 2008
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Point is simple.

If you cannot manage the virus, your economy cannot recover.
We are managing the virus in many places.

Here in San Diego county there is a major hospital that currently has only 1 (ONE) coronavirus patient in the ENTIRE FACILITY.

Here's another fact: Admissions for COVID 19 have been declining in the county since July 4th despite the 6 -7% positivity rate. (Positivity rate during lockdown was 3%)

All of this while beaches are packed on the weekends, Mission Bay Park is packed, and no one is wearing masks.

Facts.
 

casa_mugrienta

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BTW, how convenient the teacher's union was able to defeat a requirement for teachers to be mandated to remote teach from the classroom LOL.

A huge win for the lazy.


That's right folks. Being alone in a classroom is TOO DANGEROUS!!!!

Lots of private schools are requiring teachers to be teaching remotely from the classroom this year.

And with good reason.
 
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PRCD

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To be fair, it wasn't a hard lockdown, and the southern US border has been wide open and Trump has done fvckall about it.

Hence the high numbers in places like AZ and TX and CA (Imperial County).
It felt hard to us with 3 young boys, no teacher support, and no where to take them during the day. The libraries are still closed so we can't even check out books for them to read. I get it, families don't matter to "advanced" nation-states anymore.
 
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Surfdog

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For instance, TX border counties are seeing near capacity hospitals the last few weeks due to almost all coming from Mexico for later stage treatments (same with AZ and Imperial county a month or so back). There's a loop-hole in the immigration laws (did not know this) that allows people with advanced medical conditions to be allowed into the country, and our compassionate hospital system has to take and treat them all, no questions asked.
 
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stringcheese

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Jun 21, 2017
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Point is simple.

If you cannot manage the virus, your economy cannot recover.
That's simple to say, but not based in reality. We very well can move on economically with no change in our understanding or control over this virus.
You'd have to turn your television off for a while, that would be the impossible part.
 

Mr Doof

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Jan 23, 2002
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Hang in there sub. Any germs come knocking, shoot first, ask questions later.

A friend of mine living in Cabo said yesterday was crazy times. He went to exchange money, saw like 3 car accidents on the way to the bank, two guys punching each other on the sidewalk and mobs of people rushing the grocery stores. On the way back there was a motorcyclist lying dead in the street and mobs of people around but no police. He says there's coronavirus there but no one can get tested and apparently they are freaking out. He had planned on stocking up on food but said the stores were too chaotic so he just drove home and locked the doors. He was debating whether or not to try fly back to the US for a while and I told him if he was gonna do it he should do it soon or he might not be able.

What did he end up doing? It's been 4+ months.
 
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crustBrother

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There are a lot of different perspectives that can be taken on this whole thing and lots of interesting things to debate.

But one thing is for certain.

This crisis is being used to implement another massive transfer of wealth from the middle class to the wealthy on a scale not seen since the 2008 meltdown.

Just want to make sure we have some common ground we can all agree upon. We can all gather round the campfire and pass a jug and a joint and sing kumbaya later after this thing either burns through or a vaccine gets developed.

You're welcome.
 

jamesgang

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Aug 9, 2006
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We are managing the virus in many places.

Here in San Diego county there is a major hospital that currently has only 1 (ONE) coronavirus patient in the ENTIRE FACILITY.

Here's another fact: Admissions for COVID 19 have been declining in the county since July 4th despite the 6 -7% positivity rate. (Positivity rate during lockdown was 3%)

All of this while beaches are packed on the weekends, Mission Bay Park is packed, and no one is wearing masks.

Facts.
That is great news, and I definitely agree about the teacher's unions. A staff of teachers and administrators can figure how to be physically present at a school facility to implement online learning.

Although... why? Especially when the rest of the world is figuring out telecommuting, and teachers have their own kids at home who will not be at school.

Thinking it through though, it would be really nice for teachers, and many other public employees, to be physically present at work (safely) in solidarity with our health care professionals who have no such assurances of safety, and are going to work every damn day anyway.

Respect to you for that casa, I know you are in the line of fire.