COVID-19 Megathread 4: Grandma Got Run Over by the Dow Jones (user search)
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  COVID-19 Megathread 4: Grandma Got Run Over by the Dow Jones (search mode)
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Author Topic: COVID-19 Megathread 4: Grandma Got Run Over by the Dow Jones  (Read 118735 times)
The Free North
CTRattlesnake
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« on: April 09, 2020, 07:33:04 AM »

Unemployment report due to be released at 8:30AM EST this morning.  

CNBC anticipates another 5.25 million unemployment claims on top of last week's report.   

http://www.cnbc.com/amp/2020/04/08/five-million-more-unemployment-claims-expected-but-now-layoffs-could-be-more-permanent.html

6.6 M, just came over the squawk.
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The Free North
CTRattlesnake
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« Reply #1 on: April 10, 2020, 01:59:58 PM »

A short article that makes the case that easing restrictions won't automatically restart the economy, because people won't start going out again until they feel safe in doing so:

Quote
...the essential variable in “flattening the curve” isn’t central planning but behavior change. Many businesses closed down well before they were ordered to. Millions of people practiced social distancing and refused to get on planes not because they were commanded to, but because they were convinced this was a wise course of action for themselves and their loved ones.
...
Information doesn’t just come from governments. The death tolls in Italy and New York probably did more to change behavior on the ground than all of Trump’s press conferences or Dr. Anthony Fauci’s TV appearances.

And this raises another complication for those who think the government can just “re-open” the economy with the flick of a switch. Trump and all of the governors could lift the stay-at-home orders and federal advisories tomorrow. That wouldn’t necessarily fill the restaurants, airplanes or stadiums. People would still need to be convinced it’s safe. Such persuasion comes via clear, believable information, not orders from on high.

https://thedispatch.com/p/central-planning-hasnt-flattened

Certainly it will be a gradual transition, but for me personally and I think many people, I will be right back out there the second I can because staying at home sucks for so many reasons. I will gladly take a slight risk to my health to go enjoy my life with friends/coworkers/etc.
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The Free North
CTRattlesnake
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« Reply #2 on: April 12, 2020, 12:58:33 PM »

A progressive relaxing of the rules into late May/early June probably makes sense if the models are too be believed. Re-opening places like hair salons or coffee shops but limiting the number of customers/employees could be a safe way to get some life back into the economy while letting people get back to normal life a bit. Larger gatherings at bars/sporting events would have to be delayed further, but if daily cases drop to near 0 in 6 weeks time, I think the above would be prudent.
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The Free North
CTRattlesnake
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Posts: 4,569
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« Reply #3 on: April 12, 2020, 10:14:48 PM »

The data posted above is encouraging and I hope things look much much better in a months time.
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