The economic effects of fighting the pandemic

[Loren Pechtel]

Lets look back a hundred years and see what happened:

https://arstechnica.com/science/2020/04/lockdowns-flatten-the-economic-curve-too/

Surprise--the places that clamped down harder ended up with a better economy after it was over.

 

[J842P]

It's not really surprising. The only way you could seriously be surprised is if you are wholly ideologically possessed by the death cult that is anarcho-capitalism.

 

[DBT]

It also depends on how long the lockdown lasts. If the worst case scenario comes to pass, a year or more of level two or three lockdown, there may not be many small businesses left to reopen. Not to mention airlines, tourist trade, hotels, etc. But if this situation only goes for another month, perhaps two, a bounce back is quite likely.

 

[TV and credit cards]

That we learn from history is probably least true when it comes to the economy. All factors being the same, we could expect the same outcome. But, aside from the factors addressed, the economic world is so different than it was a hundred years ago. Not just the move from agriculture to manufacturing (to services) but the interdependency of a global economy, our vast sources of information today, rampant consumerism, and that we can pull massive amounts of cash from the ether come to mind.

 

[Horatio Parker]

https://www.youtube.com/watch?v=qAt7Rg1u2l8

 

[Harry Bosch]

https://www.youtube.com/watch?v=qAt7Rg1u2l8

What hedge fund is being bailed out?

 

[Horatio Parker]

https://www.youtube.com/watch?v=qAt7Rg1u2l8

What hedge fund is being bailed out?

Any HF invested in a bailed out company, duh.

 

[Harry Bosch]

https://www.youtube.com/watch?v=qAt7Rg1u2l8

What hedge fund is being bailed out?

Any HF invested in a bailed out company, duh.

Are you talking about the PPP? Companies can use the PPP to cover their worker's payroll for a 2.5 month period. The purpose is for companies with no work right now due to covid to retain their workers for at least two and a half more months. Are you saying that a "bailed out company" should just lay off their workers? Why punish the workers?

 

[Horatio Parker]

Any HF invested in a bailed out company, duh.

Are you talking about the PPP? Companies can use the PPP to cover their worker's payroll for a 2.5 month period. The purpose is for companies with no work right now due to covid to retain their workers for at least two and a half more months. Are you saying that a "bailed out company" should just lay off their workers? Why punish the workers?

Listen to the clip.

 

[ZiprHead]

This map shows the current position of oil tankers, mostly filled with oil. They are “stranded” around the world because there is no way to unload, since onshore warehouses are full, pipelines are full, and without flow, due to the low demand for oil. Although oil is now worth zero, keeping it in this condition costs about $ 30,000 a day per vessel. There is no one who buys oil if airplanes do not fly, if vehicles do not travel in cities.

Never in contemporary history has there been such a drastic reduction in the consumption of fossil fuels. The oil is standing on the surface of the oceans (in the tanks of the ships), in the deposits that are on land and in the pipelines. There is no clearer index to understand the magnitude of the paralysis and the problems that modern capitalism faces, since the ballast of the dollar is this, stopped, floating in the oceans.

Oil tankers languishing in the ocean with no place to offload.

 

[ZiprHead]

Landlord used the IRS website to check if his tenants got their stimulus money.

View attachment 27383

Someone's going to jail.

https://god.dailydot.com/landlord-social-security-numbers/