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Their are two competing philosophies here. One philosophy is safety and security, while the other is freedom and independence. One philosophy wants to open back up, while the other wants to lockdown for long as possible. Either way both will contribute to high death rates and can cause economic damage.
Start killing people and everybody will hide. Say thank you to the nut case militias for making the lockdown involuntary.
Their are two competing philosophies here. One philosophy is safety and security, while the other is freedom and independence. One philosophy wants to open back up, while the other wants to lockdown for long as possible. Either way both will contribute to high death rates and can cause economic damage.
More like one philosophy is collective sacrifice for the collective good. The other is individual "freedoms" which means the sacrifices will be felt unevenly and reinforce existing inequalities.
Airlines and cruise lines may never recover from this. Sporting events, festivals, and concerts are finished. Hotels are screwed. Nightclubs are finished. Many businesses cannot survive 30-50% mandated occupancy rates with or without 6 feet social distancing.
Yeah, this is going to be worse than 2008, unless we embrace herd immunity like Sweden.
To be fair, places like Las Vegas are working to open back up (sending out surveys of what tourists want, creating dividers at playing tables, etc) but they are going to lose billions.
Airlines will survive in some way. Hotels will too I think. I think cruises will not besides the concierge cruises. I think sporting events, festivals and concerts will take time to return. If anything I think IFL and NHL will be mostly affected and see decline. Maybe NBA and MLB in certain markets (namely Florida and possibly Arizona.) Nightclubs will take time too.
That said, I think the boat already sailed with herd immunity. We don't have the healthcare system for it. We nearly crashed it with social distancing. Sweden is hit and miss if it working. According to a TribLive article debating it, that for New York City to have three to four times the 18,000 death count right now to be at herd immunity in NYC. So an additional 36k-54k people in just NYC are expendable?
Airlines will survive in some way. Hotels will too I think. I think cruises will not besides the concierge cruises. I think sporting events, festivals and concerts will take time to return. If anything I think IFL and NHL will be mostly affected and see decline. Maybe NBA and MLB in certain markets (namely Florida and possibly Arizona.) Nightclubs will take time too.
That said, I think the boat already sailed with herd immunity. We don't have the healthcare system for it. We nearly crashed it with social distancing. Sweden is hit and miss if it working. According to a TribLive article debating it, that for New York City to have three to four times the 18,000 death count right now to be at herd immunity in NYC. So an additional 36k-54k people in just NYC are expendable?
And this is all with just our single wave.
The “say one thing and do another†WHO is now recommending the Sweden model of only quarantining the elderly and immunocompromised and suggesting the remaining people continue life as normal
with social distancing.
Major global depression because the pandemic is likely to go on for two years.
Quote:
Originally Posted by KY_Transplant
The “say one thing and do another†WHO is now recommending the Sweden model of only quarantining the elderly and immunocompromised and suggesting the remaining people continue life as normal
with social distancing.
I know. But people are too scared and think they can just live on government benefits for life.
Airlines will survive in some way. Hotels will too I think. I think cruises will not besides the concierge cruises. I think sporting events, festivals and concerts will take time to return. If anything I think IFL and NHL will be mostly affected and see decline. Maybe NBA and MLB in certain markets (namely Florida and possibly Arizona.) Nightclubs will take time too.
That said, I think the boat already sailed with herd immunity. We don't have the healthcare system for it. We nearly crashed it with social distancing. Sweden is hit and miss if it working. According to a TribLive article debating it, that for New York City to have three to four times the 18,000 death count right now to be at herd immunity in NYC. So an additional 36k-54k people in just NYC are expendable?
And this is all with just our single wave.
You do realize that the vast majority of hospitals never received a single case and have been laying off there staff right?
sorry this isn't turning into the financial disaster many had hoped for. I think there's a portion of society that finds some insidious pleasure in seeing the financial system bruised and battered by this virus. They think somehow if people with wealth lose it, it somehow is better for them or somehow puts them on equal footing with them. Sadly they don't realize that successful people will most times find success again and those that are unsuccessful will remain so.
Major global depression because the pandemic is likely to go on for two years.
I know. But people are too scared and think they can just live on government benefits for life.
Who is "they?" Which laid-off workers now think they can live on "government benefits for life." Many of the laid off haven't even received their first unemployment check and suddenly they all have decided to become permanent dependents on a welfare state?
Airlines and cruise lines may never recover from this. Sporting events, festivals, and concerts are finished. Hotels are screwed. Nightclubs are finished. Many businesses cannot survive 30-50% mandated occupancy rates with or without 6 feet social distancing.
Yeah, this is going to be worse than 2008, unless we embrace herd immunity like Sweden.
To be fair, places like Las Vegas are working to open back up (sending out surveys of what tourists want, creating dividers at playing tables, etc) but they are going to lose billions.
Apparently, the casino's in Macau are up and running, so Vegas should keep their eye on Macau to see what should be done, can't be done. Gambling has been on the decline for some time now, as the Millennials seem to have no interest in it. When I left Vegas 2 years ago it was estimated that only 1 out of 4 come to Vegas to gamble anymore, thus, the casino moguls had to do whatever to cater to this Millennial generation, opening up multi-million dollar nightclubs up and down the Strip, and some hotels now don't even have any slot machines like the Delano.
Las Vegas had a big wake-up call in 2008-2009, vowing to diversify their economy, become less dependent on conventioneers/tourists, but I haven't seen any good results come out of that. Perhaps this time, they'll work extra hard at diversifying.
Post Covid, all dependent on whether a vaccine comes along or not.
sorry this isn't turning into the financial disaster many had hoped for. I think there's a portion of society that finds some insidious pleasure in seeing the financial system bruised and battered by this virus. They think somehow if people with wealth lose it, it somehow is better for them or somehow puts them on equal footing with them. Sadly they don't realize that successful people will most times find success again and those that are unsuccessful will remain so.
sad but true . it is usually those that did not do well as investors because they believed their own bull-sh*t so to speak ... or they just committed their own financial suicide through their own poor choices and bad decisions . but of course they never see it that way.
rarely is it those who were doing fine and all of a sudden some event from left field destroyed all the good stuff they built up
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