391–400 of 568 posts
Earlier quoted context omitted.
Money purely reflects consumer confidence, and as long as the economy is based on money, so does the entire economy.
Not really. There's tons of steady demand to drive money forward. You can double or half average consumer confidence and it won't change the price of a burger or a t-shirt.
Earlier quoted context omitted.
HN's culture against partisan political statements looks particularly like sticking one's head in the sand these days. Coronavirus is not a political thing, but our (partisan) elected leaders had an enormous amount of power over how prepared we were, and their agendas shape the on-going response. It's impossible to talk accurately about the problem or solution without mentioning parties and politicians by name.
This is crazy. There is nothing any party could do to have prevented the virus from reaching the United States, aside from a complete shutdown of the borders, including for American citizens. It is too transmissible, too undetectable, etc, to prevent it. Containment is the only feasible option, and America is actually ahead of the curve. Unlike Italy and France and Europe, American states are shutting down before hos…
China, Japan, and South Korea or other examples.
Earlier quoted context omitted.
I agree that "millions will die" is just pure panic. But I'd like to point out that China is most definitely _not_ out of the woods yet. And won't be until there's a cure. This merry-go-round could start again there at a moment's notice.
I don't get this sentiment, I mean numbers are pretty clear at this point. We have +-2% mortality rate, and that when system is not utterly overloaded and those critical patients (15-20%) are getting artificial ventilation and very personalized treatment. Without it, most if not all would die. So real mortality, once health systems will crumble from the load (we will see in 1 week here in Europe), might be more aroun…
My Daughter was working as a temp between jobs and the work has now been stopped, she had two second interviews planned in Sydney this week now both positions have been retracted and nobody hiring or interviewing, she has about 7 weeks of cash savings and 4 months lease on a rental. Oh and no unemployment benefit or subsidies as she is New Zealander working in Australia. Young People at the lowest risk from this viru…
The cost will be at least the delta 1.3 million preventable deaths. This doesn’t include the hundreds of thousands of folks left with pulmonary fibrosis, which has a 3-5 year life expectancy.
Earlier quoted context omitted.
I don't get this sentiment, I mean numbers are pretty clear at this point. We have +-2% mortality rate, and that when system is not utterly overloaded and those critical patients (15-20%) are getting artificial ventilation and very personalized treatment. Without it, most if not all would die. So real mortality, once health systems will crumble from the load (we will see in 1 week here in Europe), might be more aroun…
You're confusing things. Not everyone who has the disease is diagnosed or treated in a hospital. In fact the majority of people are probably not. As the healthcare system is stressed, you will see higher "mortality" in the hospital cases because only the extremely severe patients will seek treatment and the rest will try to get by on their own. None of this is _population_ mortality. Meaning, these numbers cannot be…
Earlier quoted context omitted.
Not really. There's tons of steady demand to drive money forward. You can double or half average consumer confidence and it won't change the price of a burger or a t-shirt.
One consumer? No. All consumers, it definitely will.
And the stock market varies wildly on a daily and monthly basis without affecting the prices of almost anything.
It seems clear to me that money is not even close to affected by consumer confidence the way the stock market is.
Earlier quoted context omitted.
You're confusing things. Not everyone who has the disease is diagnosed or treated in a hospital. In fact the majority of people are probably not. As the healthcare system is stressed, you will see higher "mortality" in the hospital cases because only the extremely severe patients will seek treatment and the rest will try to get by on their own. None of this is _population_ mortality. Meaning, these numbers cannot be…
That would cover the sceptical 10%. But OK, lets be really sceptical and have only 1% - still 800k - 4 millions. Sounds a bit like millions to me
When talking about economic damage it is also worth thinking about what we are trying to avoid in the US- if SARS-Cov2 gets to 60% of the population, then at a 2% case fatality rate we are looking at 4 million excess deaths. Most importantly, that is a humanitarian tragedy that we must avoid. However, having numbers also let’s us put an economic value out there for what we are trying to save. A 1% reduction in the ca…
I hate myself for saying this but if one wants a cold calculous thought experiment, what about thinking about the mortality age? mostly older people, not only don't work but are also often a net burden to society.
Do you realize how that sounds?
Earlier quoted context omitted.
Current total deaths are 6,000 with China already saying the worst is behind them. Why the US would have 4M deaths?
The number coming out of China do not seem... completely above board and have been questioned by many people. Also as other have said, China, being an authoritarian country, had the power to lock down in ways that the US simply is not ready for or willing to put up with. Already in KY we've had a man who refused to self isolate after testing positive so now we have to station someone outside his house. We have 21 cas…