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China to inject $174B of liquidity on Monday as markets reopen

reuters.com

161–170 of 560 posts

Re: China to inject $174B of liquidity on Monday as markets reopen

#161
post #130

Gorbachev used to say that Chernobyl was where the USSR really started to crumble. The disaster made clear how morally bankrupt and technically incompetent the system really was, wiping out any remaining goodwill or trust. Similarly, Katrina was where the semi-fascist US consensus under GW Bush went to pieces. I suspect China will experience a similar moment at some point. This might well be it.

Katrina was when I realized how silly it is to think our government would ever deal effectively with a major disaster and how vulnerable we are.

Re: China to inject $174B of liquidity on Monday as markets reopen

#162
post #138

Earlier quoted context omitted.

The face masks aren’t especially effective for this disease

People are downvoting the parent, but he/she is correct. So many people misunderstand these masks. Surgical masks protect other people from your coughing / breathing -- they do nothing for you. N95 masks are notoriously difficult to actually fit correctly. A mask with a filter needs to be completely sealed around your face. You should not be able to get any airflow in from the sides. The elastic is usually too weak,…

"Surgical masks protect other people from your coughing / breathing -- they do nothing for you."

But the mandate to wear masks in crowded public places is to protect others from the wearer. Note there have been few if any reported cases of transmission on long flights from China. This may have something to do with mask wearing by carriers of the disease.

Re: China to inject $174B of liquidity on Monday as markets reopen

#163

Having lived in Beijing for 9 years, I’m glad I’m not there right now. Not because of a fear of getting sick, but of the sheer boredom of being stuck in my apartment, nowhere to eat, drink, or even walk without an appropriate face mask. Heck, even going to the office is probably off limits right now.

My worst fear too. I'm no certified prepper but being stuck in a city, 100% dependent on other people /entities, scares the hell outa me.

Re: China to inject $174B of liquidity on Monday as markets reopen

#164
post #20

The Chinese government's response to this situation (after some initial dithering) has been to move swiftly with big moves. I suspect that the force that overcame the initial delays in local response were powerful central government actors who could some in and simply shut cities and entire areas down and not fool around. There appears to be at least one emergency prefab hospital with about 1600 beds under constructi…

This kind of analysis I'm seeing everywhere is so misguided. The reason the local government didn't report on the situation accurately and even punished some journalists for speaking about it is a flaw of how their country is run and how their command structure incentives are poorly set up. This isn't a new problem and it's why we have converged to a different system in most of the West. The government coming in late…

Is it any different than Flint Michigan? Except that Obama came in and drank the water.

Re: China to inject $174B of liquidity on Monday as markets reopen

#165
post #138

Earlier quoted context omitted.

The face masks aren’t especially effective for this disease

People are downvoting the parent, but he/she is correct. So many people misunderstand these masks. Surgical masks protect other people from your coughing / breathing -- they do nothing for you. N95 masks are notoriously difficult to actually fit correctly. A mask with a filter needs to be completely sealed around your face. You should not be able to get any airflow in from the sides. The elastic is usually too weak,…

So I'm 100% in agreement with everything you said, but it still sounds like it's a decent idea for people in really crowded areas to wear masks to:

1. Not infect others during the period while they feel fine but are actually spreading the virus

2. As a more effective means of preventing spread via coughing and sneezing.

Re: China to inject $174B of liquidity on Monday as markets reopen

#166

Earlier quoted context omitted.

This is false. If used right along with other common sense measures like washing your hands regularly and not touching your eyes / nose / mouth they reduce your risk of catching and spreading infection. [0] [0] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4868605/

https://www.livescience.com/face-mask-new-coronavirus.html A regular surgical face mask doesn't protect. A more specialized mask, known as an N95 respirator, can protect against the new coronavirus, also called 2019-nCoV. The respirator is thicker than a surgical mask

The NIH study I linked says that they found "no significance difference" between N95 Respirators and surgical masks. LiveScience.com looks like some kind of popsci website. Not sure I would take their word over a study published in a medical journal.

Edit: For the unfamiliar N95 is a NIOSH standard that dictates the percentage of particulates that are filtered and if the filter is rated for environments with presence of oil. The letter which can be N, R, or P tells you if the filter is good in the presence of oil. N=Not Oil Rated, R=Oil Resistant, P=Oil Proof. The number following the letter tells you the percentage of particulates filtered and typically come in 95, 99, or 100. Both surgical style masks and respirators can be N95 rated.

Re: China to inject $174B of liquidity on Monday as markets reopen

#167
post #130

Gorbachev used to say that Chernobyl was where the USSR really started to crumble. The disaster made clear how morally bankrupt and technically incompetent the system really was, wiping out any remaining goodwill or trust. Similarly, Katrina was where the semi-fascist US consensus under GW Bush went to pieces. I suspect China will experience a similar moment at some point. This might well be it.

> Similarly, Katrina was where the semi-fascist US consensus under GW Bush went to pieces. Leaving aside the offensive comparison of the US to the USSR, you overlook that after GWB, we doubled down on the “US consensus” by electing Barack “drone strike” Obama. (I think Obama was a great President, but he was also very little different than George Bush except in his oration.)

So you think Bush was a great president then?

Re: China to inject $174B of liquidity on Monday as markets reopen

#168
post #2

Here's a map with the latest coronavirus data: https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.h...

According to your link the survivability rate is almost 98% (305 deaths for 14628 cases). (I'm trying to inject a bit of optimism here, people are so gloomy).

I have made a little reactive app to illustrate the fact that those curves number don't allow to infer much about the virus parameters, because there are quite a lot of freedom in other parameters we don't have good prior about.

https://gistnoesis.github.io/nCoV/

Please don't attach too much weight to it, as there is probably some bugs and I'm no epidemiologist.

Re: China to inject $174B of liquidity on Monday as markets reopen

#169

Earlier quoted context omitted.

I think the point is that the Chinese government didn't act swiftly, arrested people who initially spread information about the disease in Wuhan, failed to contain the situation, and has now allowed it to become a global problem. Due to the way China's government has lied in the past, I am hesitant to believe their numbers or their narrative until it can be confirmed by outside parties.

Are there any government whose narrative you trust? It seems to me that never trusting anything a governments because they have once [0] lied is a little extreme. In fact, I'm not sure I can name a country whose government hasn't lied in recent times. This would then extend to academia as well, since most research is in some way funded by the state. [0]: I know they have lied more than once. I'm not sure what a more…

> because they have once [0] lied is a little extreme

But it is not that they have once lied that it is a problem. It is instead, that just right now, a couple weeks ago, china was arresting journalists for this stuff.

If you want to say that we should ignore bad behavior from 20 years ago, because it is no longer relevant, thats fine. But we are not talking about stuff from 20 years ago. We are instead talking about behavior that china does all the time, right now.

Re: China to inject $174B of liquidity on Monday as markets reopen

#170
post #130

Gorbachev used to say that Chernobyl was where the USSR really started to crumble. The disaster made clear how morally bankrupt and technically incompetent the system really was, wiping out any remaining goodwill or trust. Similarly, Katrina was where the semi-fascist US consensus under GW Bush went to pieces. I suspect China will experience a similar moment at some point. This might well be it.

This won't be it. For one thing, China is quite technically competent.

Everyone thought the USSR economy was awesome and everyone thought the ussr was competent. Authoritarians are always shit, china is shit today and its collapse is inevitable.
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