TPS

At this point, if they could, the Jets would be looking to trade back 3-4 spots and pick up an extra 3rd, as they are 99% certain on who the Browns will select (if they don't they will grab him), and they have 4 players they would be very, very happy with after the Browns' selection....

I have a difficult time imagining "recovery" at this point. I'm more worried about how slowly the current $ is being rolled out, like RochB. I think there will be some "changes on the fly" as they run into difficulties. Articles yesterday about banks not wanting to participate in the SBA program, taking 6-8 weeks to get payments to individuals that can't get it electronically, and others. All of these will weigh on any "recovery." I imagine it will take a long time for people to feel comfortable in public spaces again. Will you have to show your test results before you enter the Cap? We are dealing with so much uncertainty, any "recovery" will be totally dependent on what the government does....so....what are some things it should do? It will require viewing this situation as if it's a war-time setting. Before I make some suggestions, let me try to reiterate a concept that I've discussed here often, but apparently still hasn't sunk in--MMT. The federal government doesn't borrow what it spends into existence. Under the current "rules of the game," the spending in excess of taxes creates the deposits and reserves in the banking system that can then be used to purchase the bonds sold by the Treasury. The government's constraint is not how much it can spend, rather the available real resources it can put to use by its spending. Right now those resources are significant and growing... So, for the US, there is no question about "how you pay for it," rather the government can spend whatever congress passes, only limited by the resources available. Under current law, the Treasury has to sell bonds equivalent to the deficit, and those bonds are bought by the banking system from the deposits/reserves received by government spending. There is a workaround, the Treasury does have the power to mint coin, and in my circles there has been talk about minting a $1 trillion platinum coin to "fund" the spending. Regardless, some things I think should happen after the next 2-3 months: 1. Something akin to Yang's UBI of $1,000 per person,phased out with higher incomes. We'll need to make sure the poor and unemployed can eat and have a place to sleep, else society will crumble... 2. Relatedly, some kind of public-private employment partnership focused on ***** health practices. We are going to need a shitload of people to clean and disinfect public/private places, and that cost should not be placed solely on the private sector. New Era's seats will need to be disinfected before every game...These jobs should pay a level above the UBI, and the more people doing this, the less receiving UBI. 3. We will have to figure out a way to ensure everyone has health insurance. 4. An infrastructure bill is a good idea, and should be part of the overall post-crisis stimulus--not sure on the $ amount given all these other proposals. 5. Ensure the food security of the nation. The federal government should do everything it can to ensure the domestic food supply chain stays whole, and the rest of the world will also need our surplus of grains. Pick up that milk! 6. An industrial policy that is focused on ensuring we have the domestic supply capacity to meet this type of crisis in the future. This would be similar to what trump is doing in the trade war, but instead mandate a level of domestic production for essential products. 7. Eliminate a significant proportion of outstanding student loan debt. These are the people who are in their prime years of spending, and spending that goes to debt repayment does next to nothing for the real economy. So, my somewhat random thoughts on how to ensure we transition as quickly as possible, but we'll never get back to how things were.....

I know we'll never agree on this, but from my observations, as I've stated too often so I won't belabor it after this, he was more concerned about the economy than the virus. At some point the switch went on, and he realized it would not hurt him if he started leading. Just look at his press conferences and how he changed. In fact, now he uses them as campaign events.

Oh, sure I understand the political nature of the source, but that doesn't mean it's incorrect. Of course, I posted it because it fits what I was saying a month ago based on my observations of trump, and from someone (me) who has been both (mainly) critical and (sometimes) supportive.

This is an extraordinary event, and it's designed to help small businesses make it through. What would Wall Street do....?

Then there's this, which my detractors here won't like....https://www.vanityfair.com/news/2020/04/inside-trumps-decision-to-back-off-of-his-easter-coronavirus-miracle It took him awhile to figure out leading on this would overcome the economy tanking...

The SBA loan/grant portion of the $2+ trillion bill is extremely important as it will forgive the loan if it's used to retain workers, pay rent and or utilities. Need to keep workers attached to their employers for these 2+ months of quarantine.

Interesting study on trade-off being debated by some folk ( @Magox) here: https://phys.org/news/2020-04-stronger-pandemic-response-yields-economic.html

There are other variables than simply the # of beds and ventilators. most of the hospitals on the front lines are running out of protective equipment. As more healthcare workers get ill, there won't be enough to tend rising number of cases. Hope for the best...ditto on the convo.

Jets Patriots Chiefs I need the distraction to keep me away from other places...

Well, I don't know about your prediction, and I did do a little googling before I wrote my post and saw that there were already some grades of oil selling at a negative price. I was focused on the major grades listed on the futures exchange, Brent and WTI. But kudos.

I could easily find some, but I don't want to cast aspersions on anyone specifically....

Maybe if some of the cult would admit that He might have made an error here or there...anyone? anyone? Bueller?

I don't know about my "wild dispersions"... ? And, I'm not sure what there is to prove by suggesting people could go back and read posts from a month ago to see who was taking it seriously and who wasn't? All that says is people can read and figure out on their own. I wonder why you are taking that personally....?

Exactly, and why people are criticizing that lack early testing. As I stated in my post to 1959, while there are areas in the country where testing is important due to low outbreaks, for those in the midst of it, it will become relevant as we come out of it and transition to back to "normal" whatever that is... Yes, I've been criticizing DeBlasio's lack of focus too.

As stated in that video, the Koreans immediately worked with private labs to expand. The CDC eschewed the German test that WHO recommended to create their own, they controlled testing early, and also had the well-known F-up with the test kit that set things back a week or two.. The testing early only has to be focused on where the cases are and then doing the containment, so it didn't require hundreds of 1000s early on, but it does require 1000s. Cuomo was calling for the CDC to let the state labs test by March 8. The FDA was also slow at providing the ok for private labs. You may not agree, but this is why it was so important to have a high-level pandemic coordinator (the position that was "streamlined" by Bolton and subsumed under a broader agency) to over-rule the bureaucratic delays. The lack of quickly rolling out testing will be seen as the failure of our response. As for the death rate, you've already posted something about "don't tell me it's early," but it is. The number of tests becomes irrelevant to the death rate when we've reached the point where hospitals are overrun, because the only thing that matters is the ability to care for the numbers that are coming into the hospitals. The measure to compare is the one used on the worldometer site, deaths per million of population. Right now, italy is at 206 and the US is at 12 (4100 deaths so far). Italy's will surely go up some, but it is slowing. For the US, if we are able to limit the number of deaths to 100,000, then that number will be close to 300, and of course if deaths are closer to 200,000, then we're at 600 per 1 mil.So, yes, where we are in the process matters.... As for testing now, it becomes very important once we get past the pandemic phase and phasing back to normal--you do the same thing that should've been done at the start--test, isolate, contain.

Yes, it goes to show you how the guys in the market felt. Why do you think the market tanked after the fed dropped interest rates to zero? Trump was so giddy that Sunday and said "I'm sure wall street will be happy." That monday was the second largest drop in history, and that afternoon trump took on a different focus in his press conference. It's not difficult to see.

If you've read anything on how testing is used, it's to identify, so you can isolate, then contain by finding everyone else that person contacted. It's exactly what SKorea did. https://www.bbc.com/news/av/world-asia-51897979/coronavirus-south-korea-seeing-a-stabilising-trend It's 2 minutes long.

I'm sure this was posted back when he said it, but a lot of people thought there was a lack of leadership... https://www.mediaite.com/news/cnbcs-jim-cramer-hits-trump-for-leisure-time-amid-dow-bloodbath-we-all-want-more-leadership-we-dont-want-golfing/ March 9th: “I think we all want more leadership,” Cramer said. “I think that we all want more test kits, if we’re going to just talk about health care. We all want the treasury secretary to come out and say ‘small businesses, we’ve got no-interest loans.’ We want to be able to take advantage of the curve … and be able to be ready. We don’t want golfing.” A CNBC colleague pointed out that the administration appears to be opting against that stance, with Trump advisor Larry Kudlow saying that the impact from the virus has been “contained.” “That may be an ill-advised position,” Cramer said.

Yes, let's not look at the past and cast blame; however, I would suggest going back a month to see who was taking the trump line from the start, like comparing it to the flu, or posting how few deaths there were, then also look and see who took it seriously...

The first known case in NY was identified March 1st, while de blasio was still telling people to go about their business that week, I don't think you can say the same about Cuomo. He declared a state of emergency 6 days later.

Actively spreading with his golf and gatherings at Mar a lago you mean...

Wait Mitch, are you saying the administration wasn't focused on this early...? Yes, somewhere in this thread I said de Blasio and Trump were similar in this.

And that's the excuse those with TLS use--blame China or no one could see it coming. My criticism has been their lack of response once it was here. While he deserves credit for closing off with China, they sqaundered that time by not taking it seriously enough.