Official Coronavirus Thread (any other threads made about coronavirus will be closed) (Milan: Japanese, entertainment)
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Nothing is permanent. Even if the pandemic stretches on for months, the economic shutdown will have to be lifted out of necessity in no more than three months, and the casualties will have to be considered acceptable. As more people get the infection, recover, and become immune, they'll start going back to a normal life, including travel.
And I have a feeling if the early vaccine trials (already happening) show anything promising, it will be fast tracked through later stage trials, and be put into distribution.
Death is very permanent.
But not just death. Cellphones replaced pagers. Smartphones replaced flip phones. DVD’s, then streaming replaced VHS.
MP3 replaced CDs. Before that CDs, replaced audio cassettes.
The Great Depression lead to the creation of social security. WW2 leas to the GI Bill, and the Cold War lead to the civil rights bill and higher education bill.
Lots of things always lead to permanent changes. Sept 11th permanently lead to much greater security in air travel.
Btw, it is pretty amazing to see how remote people are from reality when it comes to economics. My own understanding of that field is quite limited (which is why I am not an investor to speak of, but have entrusted my retirement to large insurers)... but this particular thread, in terms of economic comprehension is, ahem, pretty incredible... :-). With that, I am going back to listening to Led Zeppelin :-).
Btw, it is pretty amazing to see how remote people are from reality when it comes to economics. My own understanding of that field is quite limited (which is why I am not an investor to speak of, but have entrusted my retirement to large insurers)... but this particular thread, in terms of economic comprehension is, ahem, pretty incredible... :-). With that, I am going back to listening to Led Zeppelin :-).
I think NYC metro area and country economy will skyrocket when is virus is slow down or is over
Nothing is permanent. Even if the pandemic stretches on for months, the economic shutdown will have to be lifted out of necessity in no more than three months, and the casualties will have to be considered acceptable. As more people get the infection, recover, and become immune, they'll start going back to a normal life, including travel.
And I have a feeling if the early vaccine trials (already happening) show anything promising, it will be fast tracked through later stage trials, and be put into distribution.
Quote:
Originally Posted by leoliu
Dude, stop overinterpreting and exaggerating the situation...
I understand that you lost your bread-butter tutoring job in a rural town of the developing world of Spain, because parents no longe allow their toddlers to day care centers anymore... understandably it is Devastating and challenging...but you are overcasting your personal struggles and end-of-the-world fears on the rest of the world...
Relax and chill for a couple days... you can always come back to NYC and claim your share of stimulus check to get by while waiting for the storm to pass... you might need to share an apartment with 49 others who got hit by this though, just to make your stimulus income go a little longer...
Take a deep breath... things will look ugly for a few months but then everything will rebound nicely... remember, there are always opportunities following destructions. Didn’t you study history? Put this into the context of WWII, this is really a little hiccup in the long human history that will likely be forgotten in a generation or so.
Err, we have unemployment here which I am more than happy to collect. They sell good cheap booze here too.
Education here moved online btw. Everything deemed not essential by the government was ordered closed Friday so the majority of the nation is unemployed. Ditto Italy. The government took over huge portions of the economy.
The exact same thing is happening in America as casualties increase. NYC is now the global epicenter of the epidemic and yes things will get much worse.
I don’t live in a overcrowded city full of overcrowded public housing residents, illegal immigrants, and hipsters living 10 to an apartment.
NYC is going to be ripped apart by this plague. No point in denying it.
I think NYC metro area and country economy will skyrocket when is virus is slow down or is over
That is the general assumption, very likely correct. Dow tends to briefly jump up by 1,000 points on any slightly positive tiny piece of economic news even now, still in the middle of the epidemic.
That certainly is a potential future. I long for it. However, the complete opposite can result. We can become a country like the rest of world outside of Western Europe and pre Corona Canada and the US. We can become Mexico where it's fend for yourself if your poor. It can be any possible scenario. This nation has a true war of ideologies and one of them is going to win.
The US is not becoming third world or Mexico. There are reasons dating back to Spanish colonialism and Mexico losing a major war with the US why Mexico is a failed state.
The US certainly has financial and technological resources much of the world does not have, and will not have anytime soon.
We actually have historical precedent. The depression lead to social security. WW2 boosted civil rights and women’s rights.
Johnson created Medicare and Medicaid. In response to the Great Recession Obama crested the ACÁ which not even Trump could get rid of.
Each disaster leads to greater expansion of the social safety net/welfare state and these changes are permanent. Republicans are never going to be able to get rid of them.
Err, we have unemployment here which I am more than happy to collect. They sell good cheap booze here too.
Education here moved online btw. Everything deemed not essential by the government was ordered closed Friday so the majority of the nation is unemployed. Ditto Italy. The government took over huge portions of the economy.
The exact same thing is happening in America as casualties increase. NYC is now the global epicenter of the epidemic and yes things will get much worse.
I don’t live in a overcrowded city full of overcrowded public housing residents, illegal immigrants, and hipsters living 10 to an apartment.
NYC is going to be ripped apart by this plague. No point in denying it.
NYC is going to be ripped apart by this plague. No point in denying it ?? That takes the cake of quotes. Not because it may or not be true. But because you seem to want that to be the case. I am resisting the urge to think your taking some delight in this. Your other posts at times are so dark but they contain some reason. But others seem bleak and you revel in that. I understand and accept that you always need to be right at all costs. I accept that your a bad loser and a bad winner. But is that sentiment just you being a really bad winner and hoping ill on a city you left. I mean I sense the same type of pathogy from others who have popped up here this board has some unstable people but tell me I am wrong.
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