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MWC 2020 canceled over coronavirus health concerns

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Re: MWC 2020 canceled over coronavirus health concerns

#191
post #86

Earlier quoted context omitted.

It makes sense total sense to compare, it's another respiratory virus, from a family of viruses already known. We must not reinvent the wheel when we know the dynamics of these viruses and the countermeasures to take. The key metric that determines whether COVID-19 can establish and generate a sustained outbreak is it's ability to reproduce, "R", which represents the average number of individuals to which each transm…

This is outdated information. Most newer studies put R0 >3 (e.g. [1]) and there are many well documentated cases outside of China now which confirm at least partial presymptomatic transmission (German cluster, Signapore Conference, British prisoners). [1] https://www.medrxiv.org/content/10.1101/2020.02.10.20021675v...

The German case was later found that the woman did indeed have mild cold symptoms while in Germany.

Re: MWC 2020 canceled over coronavirus health concerns

#192

Earlier quoted context omitted.

If r/wallstreetbets is any indicator, they have no plan whatsoever and are total idiots. Given Hanlon's Razor, 9/10 people on the market are similar.

/r/wallstreetbets is a joke...

It seems even the mods there aren't so sure everyone knows that:

https://old.reddit.com/r/wallstreetbets/comments/f4a5kp/how_...

Re: MWC 2020 canceled over coronavirus health concerns

#193
post #73

Earlier quoted context omitted.

There's been a grand fiscal policy experiment over the last 12 years unlike anytime before. It has resulted in every asset class losing price discovery mechanisms and basically becoming untethered from fundamentals. Nobody knows how this will end, or when. Could be months, could be decades.

I agree with your comment about the fiscal policy experiment, but not with your stated timeline of 12 years. QE was a smart way out of the crisis, but we didn't tighten as we ought've when the economy got up to speed about five years ago. I think of QE as the choke on a carbureted engine; once you get things heated up, you should lean out the mixture. Meanwhile, Bernanke is still out here talking about QE as a foreve…

They tried to tighten 5 years ago - the market tanked and they immediately reversed. This is for infinity, can only result in external/internal war.

Re: MWC 2020 canceled over coronavirus health concerns

#194

Earlier quoted context omitted.

You never really know what you've got till it's gone. A hundred thousand visitors eating, drinking, commuting, sightseeing, dwelling, and flying about in your city in a short period of time.....for many cities that would be a welcome occurrence (apart from the traffic woes). It's about $500m Euros of revenue, and I saw an estimate of something like 15k part-time jobs due to MWC. No small thing.

I'm also in BCN and everyone always says that but I'm not sure I buy it. I mean, yeah, some guys benefit from having the MWC for sure but I'm not sure most residents do - I'm not letting out flats or running venues etc. I'm trying to get to work on time and pay my rent. It reminds me of the similar arguments people make about the big cruise ships that come here - I mean sure, it massively benefits tourist attractions…

Isn't the sales tax in Barcelona 21%? Seems like it would be a big influx to the city's coffers that could theoretically provide it the means to do something like pay subway workers more and alleviate the need to strike in the first place.

If the money's not being spent in the right place, that's a local political issue that can't solved by anyone except the locals (e.g. those who can vote).

Re: MWC 2020 canceled over coronavirus health concerns

#195
post #149

Earlier quoted context omitted.

Where does that attitude towards tourism come from? I know this is politics but other places would welcome tourism and professional conferences with open arms. When I see a group of tourists cueing in front of something in Copenhagen - sure - I might get annoyed but those people are bringing in money. Not to me personally. But that tourist money gets taxed or spent again. And ultimately it ends up being spent on a ni…

From what I've read about Barcelona, it's more like living in a Disneyland, every day you're just swimming in crowds of tourists, from all over the world, bringing their idiosyncrasies. All (or a lot) of the shops are shops selling touristic trinkets. Want to eat at that nice restaurant? It's crowded, with loud Americans and Brits. 7 nights a week...

Yes, having lived in Barcelona for 2 years I can confirm that.

Winter was the best time there

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