Covid - 19

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Originally Posted by Guisslapp

Unfortunately, the response to limit the economic damage is already too late. Massive unemployment is here next week. Any payroll relief impact is going to be severely blunted by the delay in getting out. This was all foreseeable. The delay was inexcusable.

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Limiting economic damage in this environment is like protecting your house against a forest fire with the garden hose. The damage is only beginning and next week's unemployment is just a pimple on your nose.

Louisiana:

479 cases
10 deaths
25 of 64 parishes with a case (down from 26)

Congressmen dumping stocks after the briefing...HAHAHAHAHA! What morons! Hope they end up in jail.

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Originally Posted by johnnylightnin

Congressmen dumping stocks after the briefing...HAHAHAHAHA! What morons! Hope they end up in jail.

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Yep that is pretty terrible. One is saying they didn't have input. If that is the case I might have leniency, but if that is not the case they should get hammered.

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Originally Posted by johnnylightnin

Congressmen dumping stocks after the briefing...HAHAHAHAHA! What morons! Hope they end up in jail.

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What inside information, directly related to the stock market or individual equities, was provided in the briefing?

Goosey knew about the stock market crash-to-come many months ago. Just ask him. So, I'm not sure it was such a big secret.

That said, I don't have any sympathy for members of The Swamp, but some of you on here sure defend it...

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Originally Posted by johnnylightnin

Congressmen dumping stocks after the briefing...HAHAHAHAHA! What morons! Hope they end up in jail.

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Exactly! And both sides of the aisle of course. Lock them up!! The problem is I think they're exempt.

DiFi, Burr among senators who dumped shares right before coronavirus hit


https://a57.foxnews.com/hp.foxnews.c....jpg?tl=1&ve=1

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Originally Posted by Guisslapp

Unfortunately, the response to limit the economic damage is already too late. Massive unemployment is here next week. Any payroll relief impact is going to be severely blunted by the delay in getting out. This was all foreseeable. The delay was inexcusable.

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The liberal, socialist Democrat wet dream!! They can't wait to get masses on the unemployment rolls.

And there was no delay. You just manufacture BS Mr. Guisslapp.

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Originally Posted by Guisslapp

We have no idea how it was communicated to the Chinese, so it could have been done well or poorly. That part is a matter of diplomacy. Given the trade and security tensions we have had with China, it would have been helpful to give them a heads up. I suspect we did.

The mutual travel ban with Canada was coordinated.

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I personally think we need to ban buying products from commie China after we replicate their services here in the States. Trump has given drug manufactures and pharmaceuticals a clear sailing green light (no red tape) to get up and running ASAP so that China doesn't have drugs over our heads.

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Originally Posted by TYLERTECHSAS

The liberal, socialist Democrat wet dream!! They can't wait to get masses on the unemployment rolls.

And there was no delay. You just manufacture BS Mr. Guisslapp.

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No delay? We could have passed the small business loan that had forgiveness for the portion going to payroll weeks ago (before people actually got laid off). Once they are laid off, this loan doesn’t help anymore.

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Originally Posted by Guisslapp

No delay? We could have passed the small business loan that had forgiveness for the portion going to payroll weeks ago (before people actually got laid off). Once they are laid off, this loan doesn’t help anymore.

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...straight from a liberal CNN business analysis.

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Originally Posted by PawDawg

...straight from a liberal CNN business analysis.

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Wrong. Is that what CNN is saying?

Talk to small business employers. Ask them if they agree with what I said. Report back.

Apparently Louisiana has seen 28,000 unemployment applications this week (m-w) compared to 1,800 the week before.

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Originally Posted by Guisslapp

The point that you might be missing is that once the outbreak spreads, the death rate is a function of how much you exceed your ICU capacity. It is closer to 1 percent if you stay under your treatment capacity. It goes over 6 percent when you exceed it.

Flattening then curve will save 10X the lives because it keeps us from overrunning our resources. SKorea has 3 times our hospital beds.

Here is RBC’s assessment of the situation:

https://twitter.com/cnbcfastmoney/st...654736384?s=21

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RBC reran their model with the latest data and it has gotten worse. They are projecting in the base case that we will start exceeding our hospital capacity next week.

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Originally Posted by TYLERTECHSAS

The liberal, socialist Democrat wet dream!! They can't wait to get masses on the unemployment rolls.

And there was no delay. You just manufacture BS Mr. Guisslapp.

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Some economists are expressing concerns over the proposed bailouts. They say a cut in the capital gains tax down to 10% would have a better effect. They reminded us how pathetic obummer's bailouts were. I need to personally think on this some more, and see what others have to say.

Doing nothing at all, was not the answer. "Lead, follow, or get the hell out of the way!"

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Originally Posted by dawg80

Some economists are expressing concerns over the proposed bailouts. They say a cut in the capital gains tax down to 10% would have a better effect. They reminded us how pathetic obummer's bailouts were. I need to personally think on this some more, and see what others have to say.

Doing nothing at all, was not the answer. "Lead, follow, or get the hell out of the way!"

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Bailing out cruiseliners seems silly.