Tiberius Posted March 18, 2020 Share Posted March 18, 2020 28 minutes ago, ALF said: Anyone watching the long interview on CNBC with Bill Ackman CEO Pershing Square Capital are in shock. I would not even repeat his dire prediction. Pretty sobering Link to comment Share on other sites More sharing options...
ALF Posted March 18, 2020 Share Posted March 18, 2020 (edited) 5 minutes ago, RochesterRob said: For the sake of discussion give us an idea. It's not like a couple of people on an obscure message board are going to end civilization as we know it. The entire country would have to shut down for 30 days except grocery , drug store and hospitals. Nevada will shut down gambling for 30 days Edited March 18, 2020 by ALF Link to comment Share on other sites More sharing options...
RochesterRob Posted March 18, 2020 Share Posted March 18, 2020 2 minutes ago, ALF said: The entire country would have to shut down for 30 days except grocery , drug store and hospitals. A lot of that kind of talk already going on. I've heard that the auto manufacturers among others will be asked to idle plants for 30-40 days. We shall see. I don't know how much authority state governors have on these matters. Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 Here is the link https://www.cnbc.com/2020/03/18/bill-ackman-pleads-to-trump-to-increase-closures-to-save-the-economy-shut-it-down-now.html 1 Link to comment Share on other sites More sharing options...
ALF Posted March 18, 2020 Share Posted March 18, 2020 I'm not a Trump supporter but no way do I blame him for this disaster for the economy, it's a black swan event. 3 4 Link to comment Share on other sites More sharing options...
GG Posted March 18, 2020 Author Share Posted March 18, 2020 18 minutes ago, ALF said: The entire country would have to shut down for 30 days except grocery , drug store and hospitals. Nevada will shut down gambling for 30 days That's why you have to be super careful about his advice. BTW, how are those critical services going to be restocked, if everything else is shut down? Once you start unraveling the onion of the supply chain, you will recognize that the only people who should really be chained to their home desks would be Wall Street desk jockeys. 1 1 Link to comment Share on other sites More sharing options...
TPS Posted March 18, 2020 Share Posted March 18, 2020 14 minutes ago, GG said: That's why you have to be super careful about his advice. BTW, how are those critical services going to be restocked, if everything else is shut down? Once you start unraveling the onion of the supply chain, you will recognize that the only people who should really be chained to their home desks would be Wall Street desk jockeys. I essentially said this 3 days ago, but some saw it as a political post. People still aren't getting the gravity of the situation. To say shut it down, does not mean essentials. What is needed is to shut down as much as is feasible for the next 30 days. As I said, declare a payment freeze. Make sure people can get food and water and their meds. This isn't the end either. Hopefully it will dissipate as the weather warms too, but that does not mean it won't be back in the fall. I've been distracting myself following the Bills' moves, but unfortunately I don't think there's going to be a season. Btw, it's nice to see the change in Trump that started with his Monday presser. Can't focus on past decisions, and I'm glad to see the change. Link to comment Share on other sites More sharing options...
OldTimeAFLGuy Posted March 18, 2020 Share Posted March 18, 2020 (edited) 7 minutes ago, TPS said: I essentially said this 3 days ago, but some saw it as a political post. People still aren't getting the gravity of the situation. To say shut it down, does not mean essentials. What is needed is to shut down as much as is feasible for the next 30 days. As I said, declare a payment freeze. Make sure people can get food and water and their meds. This isn't the end either. Hopefully it will dissipate as the weather warms too, but that does not mean it won't be back in the fall. I've been distracting myself following the Bills' moves, but unfortunately I don't think there's going to be a season. Btw, it's nice to see the change in Trump that started with his Monday presser. Can't focus on past decisions, and I'm glad to see the change. ...unless significant, drastic measures are taken, they STILL won't get it.......as much as I dislike Cuomo, he is taking the lead here in NYS.......look at the Spring breakers in Florida.....and all their governor says, "this isn't what we want".......call me crazy, but if you want them to "GET IT", declare martial law (individual states DO have that right) and clear them out......not to politicize the message (serves NO purpose), but the Feds were slow to react and should have reigned in the CDC's arrogance.....thankfully, the ball is NOW rolling....you would hope that as people see what's going on around them albeit closures, lockdowns, limitations, et al at Federal, state and local government levels, they would get "IT".....not a chance for some......"just another flu".......um ok....... Edited March 18, 2020 by OldTimeAFLGuy Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 40 minutes ago, ALF said: I'm not a Trump supporter but no way do I blame him for this disaster for the economy, it's a black swan event. He’s doing a way better job than Hoover did in 1930 Link to comment Share on other sites More sharing options...
OldTimeAFLGuy Posted March 18, 2020 Share Posted March 18, 2020 1 minute ago, Tiberius said: He’s doing a way better job than Hoover did in 1930 ...it took time Tibs, but the Federal level is finally getting the ball rolling.....look at other infectious disease outbreaks, natural disaster responses, etc REGARDLESS OF WHO IS IN POWER.....despite BEST intentions, the forever bloated Federal democracy moves at a snail's pace....... Link to comment Share on other sites More sharing options...
ALF Posted March 18, 2020 Share Posted March 18, 2020 (edited) Basic services like police , fire , ems , dept of public works , utilities can never be stopped but they need protective covering to do their job. What is happening in Italy is a concern Edited March 18, 2020 by ALF Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 14 minutes ago, OldTimeAFLGuy said: ...it took time Tibs, but the Federal level is finally getting the ball rolling.....look at other infectious disease outbreaks, natural disaster responses, etc REGARDLESS OF WHO IS IN POWER.....despite BEST intentions, the forever bloated Federal democracy moves at a snail's pace....... Could of moved faster if Trump didn’t just dismiss it all as a hoax Link to comment Share on other sites More sharing options...
RochesterRob Posted March 18, 2020 Share Posted March 18, 2020 15 minutes ago, Tiberius said: He’s doing a way better job than Hoover did in 1930 It was uncharted waters in 1930 and there was immense paranoia about communism in terms of the federal government being too involved. I suspect any radical moves would have been overturned by the Supreme Court during Hoover's tenure. During another era without having to go through an economic collapse Hoover probably would have a much better legacy as a President. Link to comment Share on other sites More sharing options...
3rdnlng Posted March 18, 2020 Share Posted March 18, 2020 3 minutes ago, Tiberius said: Could of moved faster if Trump didn’t just dismiss it all as a hoax That is a lie. 2 Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 4 minutes ago, RochesterRob said: It was uncharted waters in 1930 and there was immense paranoia about communism in terms of the federal government being too involved. I suspect any radical moves would have been overturned by the Supreme Court during Hoover's tenure. During another era without having to go through an economic collapse Hoover probably would have a much better legacy as a President. Hmmm...he did sign the Smoot Hawley Tariff. That was really stupid Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 11 minutes ago, RochesterRob said: It was uncharted waters in 1930 and there was immense paranoia about communism in terms of the federal government being too involved. I suspect any radical moves would have been overturned by the Supreme Court during Hoover's tenure. During another era without having to go through an economic collapse Hoover probably would have a much better legacy as a President. Hmmm...he did sign the Smoot Hawley Tariff. That was really stupid (Bloomberg) -- King Dollar is creating a new headache for virus-battered economies globally, with emerging markets especially vulnerable as they try to cope with collapsing currencies and plunging demand. Investors are fleeing emerging markets in record numbers and piling into the safe-haven greenback, with two emergency interest-rate cuts this month by the Federal Reserve doing nothing to diminish the dollar’s appeal. With the dollar more integrated into the world economy than ever before, its gains are an added stress for businesses and governments as they brace for soaring costs on their dollar debt. The dilemma for emerging market central banks is that as they slash interest rates to support growth, they risk destabilizing their currencies as well if they cut too much. “The surge in the dollar is another blow to emerging markets,” said Mitul Kotecha, senior emerging markets strategist at TD Securities in Singapore. “The demand for the dollar has outweighed any hit to the U.S. currency from sharply lower Fed rates. EM assets will continue to struggle as investors steer clear of relatively risky assets and maintain a bias for safe havens.” Turkey’s central bank was the latest emerging market to make an emergency rate cut. South Korea, Chile, Vietnam, Sri Lanka and Pakistan already eased this week following the Fed’s action Sunday, and South Africa, Indonesia and Brazil are expected to reduce their key rates in coming days. New research from the Bank for International Settlements shows that since the global financial crisis, unexpected dollar appreciation depresses world trade growth. A reason for this could be a tightening in financial conditions as dollar lending to emerging markets slows, according to the research paper. https://finance.yahoo.com/news/surging-u-dollar-next-big-061231003.html 1 Link to comment Share on other sites More sharing options...
RochesterRob Posted March 18, 2020 Share Posted March 18, 2020 9 minutes ago, Tiberius said: Hmmm...he did sign the Smoot Hawley Tariff. That was really stupid (Bloomberg) -- King Dollar is creating a new headache for virus-battered economies globally, with emerging markets especially vulnerable as they try to cope with collapsing currencies and plunging demand. Investors are fleeing emerging markets in record numbers and piling into the safe-haven greenback, with two emergency interest-rate cuts this month by the Federal Reserve doing nothing to diminish the dollar’s appeal. With the dollar more integrated into the world economy than ever before, its gains are an added stress for businesses and governments as they brace for soaring costs on their dollar debt. The dilemma for emerging market central banks is that as they slash interest rates to support growth, they risk destabilizing their currencies as well if they cut too much. “The surge in the dollar is another blow to emerging markets,” said Mitul Kotecha, senior emerging markets strategist at TD Securities in Singapore. “The demand for the dollar has outweighed any hit to the U.S. currency from sharply lower Fed rates. EM assets will continue to struggle as investors steer clear of relatively risky assets and maintain a bias for safe havens.” Turkey’s central bank was the latest emerging market to make an emergency rate cut. South Korea, Chile, Vietnam, Sri Lanka and Pakistan already eased this week following the Fed’s action Sunday, and South Africa, Indonesia and Brazil are expected to reduce their key rates in coming days. New research from the Bank for International Settlements shows that since the global financial crisis, unexpected dollar appreciation depresses world trade growth. A reason for this could be a tightening in financial conditions as dollar lending to emerging markets slows, according to the research paper. https://finance.yahoo.com/news/surging-u-dollar-next-big-061231003.html Hoover was not a huge supporter of S-H. It was part of the party platform and he felt obligated to go along with it. Had it taken longer to get through Congress it could have very well died with a veto. I don't know how much S-H mattered in the end as there was too much production world wide after the 1929 crash. Agriculture ramped up to export wheat to Europe during and shortly after WWI and was wobbly during the 1920's putting pressure on politicians to fix low commodity prices and prop up farm land values. 1 Link to comment Share on other sites More sharing options...
B-Man Posted March 18, 2020 Share Posted March 18, 2020 24 minutes ago, 3rdnlng said: That is a lie. https://www.bbc.com/future/article/20161026-how-liars-create-the-illusion-of-truth Repetition makes a fact seem more true, regardless of whether it is or not. Understanding this effect can help you avoid falling for propaganda, says psychologist Tom Stafford. . 2 Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 8 minutes ago, B-Man said: https://www.bbc.com/future/article/20161026-how-liars-create-the-illusion-of-truth Repetition makes a fact seem more true, regardless of whether it is or not. Understanding this effect can help you avoid falling for propaganda, says psychologist Tom Stafford. . It’s nothing, it will go away soon, like a miracle! Link to comment Share on other sites More sharing options...
Gary M Posted March 18, 2020 Share Posted March 18, 2020 42 minutes ago, Tiberius said: Could of moved faster if Trump didn’t just dismiss it all as a hoax Please provide evidence I couldn't find any. And not second opinion pieces I want video of him saying corona is a hoax. Link to comment Share on other sites More sharing options...
OldTimeAFLGuy Posted March 18, 2020 Share Posted March 18, 2020 44 minutes ago, Tiberius said: Could of moved faster if Trump didn’t just dismiss it all as a hoax ...REFUSE to politicize it and you cannot hide your bias.......bottom line is the bloated Federal bureaucracy, REGARDLESS ON WHO IS IN POWER, moves at a snail's pace...... Link to comment Share on other sites More sharing options...
B-Man Posted March 18, 2020 Share Posted March 18, 2020 2 minutes ago, Gary M said: Please provide evidence I couldn't find any. And not second opinion pieces I want video of him saying corona is a hoax. Too late..........he's already diverted to a new lie that no one has said. 8 minutes ago, Tiberius said: It’s nothing, it will go away soon, like a miracle! Link to comment Share on other sites More sharing options...
billsfan89 Posted March 18, 2020 Share Posted March 18, 2020 6 minutes ago, Gary M said: Please provide evidence I couldn't find any. And not second opinion pieces I want video of him saying corona is a hoax. https://www.nbcnews.com/politics/donald-trump/trump-calls-coronavirus-democrats-new-hoax-n1145721 Trump is his own words called the corona virus the Democrats new hoax. Link to comment Share on other sites More sharing options...
B-Man Posted March 18, 2020 Share Posted March 18, 2020 3 minutes ago, billsfan89 said: https://www.nbcnews.com/politics/donald-trump/trump-calls-coronavirus-democrats-new-hoax-n1145721 Trump is his own words called the corona virus the Democrats new hoax. In my English class.............that makes "the democrats" the subject of the sentence..............not the virus. . 3 1 Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 12 minutes ago, B-Man said: Too late..........he's already diverted to a new lie that no one has said. No, all the same thing...it will be over by April. Hoax it is Link to comment Share on other sites More sharing options...
billsfan89 Posted March 18, 2020 Share Posted March 18, 2020 1 minute ago, B-Man said: In my English class.............that makes "the democrats" the subject of the sentence..............not the virus. . "This (The Virus) is their (The Democrats) new hoax." That's Trump's direct quote about it. Link to comment Share on other sites More sharing options...
3rdnlng Posted March 18, 2020 Share Posted March 18, 2020 5 minutes ago, billsfan89 said: "This (The Virus) is their (The Democrats) new hoax." That's Trump's direct quote about it. Seems like you may want to up your reading comprehension skills. Mueller investigation was a hoax since Mueller knew there was no conspiracy before he took the job. Ukrainian impeachment was a hoax since it was readily apparent the day after Nancy Pelosi called for impeachment. Now there are several mini hoaxes having to do with the response to the coronavirus. 3 Link to comment Share on other sites More sharing options...
Gary M Posted March 18, 2020 Share Posted March 18, 2020 16 minutes ago, billsfan89 said: "This (The Virus) is their (The Democrats) new hoax." That's Trump's direct quote about it. I sincerely feel sorry for you. 5 Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 43 minutes ago, B-Man said: Too late..........he's already diverted to a new lie that no one has said. First a hoax, now we need to hold people accountable for a mutated virus Republican Sen. Tom Cotton of Arkansas said he was looking into holding China "accountable" for the coronavirus pandemic. https://www.businessinsider.com/tom-cotton-hold-china-accountable-for-coronavirus-2020-3 How f’n stupid Link to comment Share on other sites More sharing options...
Nanker Posted March 18, 2020 Share Posted March 18, 2020 54 minutes ago, billsfan89 said: https://www.nbcnews.com/politics/donald-trump/trump-calls-coronavirus-democrats-new-hoax-n1145721 Trump is his own words called the corona virus the Democrats new hoax. “Now the Democrats are politicizing the coronavirus,” Trump said. “They have no clue, they can't even count their votes in Iowa.” “This is their new hoax,” Trump continued, adding that attacking the White House’s response to the coronavirus had become the Democratic Party’s “single talking point.” He's been attacked by hoaxes throughout his presidency. First Russiagate, then impeachment, and now that the Dems have run out of bullets, and they've thrown the gun at him, they're throwing their empty cartridge cases at him. 2 1 Link to comment Share on other sites More sharing options...
billsfan89 Posted March 18, 2020 Share Posted March 18, 2020 21 minutes ago, Tiberius said: First a hoax, now we need to hold people accountable for a mutated virus Republican Sen. Tom Cotton of Arkansas said he was looking into holding China "accountable" for the coronavirus pandemic. https://www.businessinsider.com/tom-cotton-hold-china-accountable-for-coronavirus-2020-3 How f’n stupid If it is found out that China suppressed their own scientists information about the virus in December then China should pay reparations to other nations or face sanctions. A virus existing is not their fault necessarily but if there was more they could have done then they need to pay. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted March 18, 2020 Share Posted March 18, 2020 Just now, billsfan89 said: If it is found out that China suppressed their own scientists information about the virus in December then China should pay reparations to other nations or face sanctions. A virus existing is not their fault necessarily but if there was more they could have done then they need to pay. To your point: 2 Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 4 minutes ago, billsfan89 said: If it is found out that China suppressed their own scientists information about the virus in December then China should pay reparations to other nations or face sanctions. A virus existing is not their fault necessarily but if there was more they could have done then they need to pay. Ya, good luck collecting that Link to comment Share on other sites More sharing options...
3rdnlng Posted March 18, 2020 Share Posted March 18, 2020 3 minutes ago, Tiberius said: Ya, good luck collecting that There are many ways for them to pay. Losing a good share of their manufacturing base may be enough to teach them a lesson. Link to comment Share on other sites More sharing options...
TPS Posted March 18, 2020 Share Posted March 18, 2020 It's too bad they declined to use WHO's test at this point in time, but you can't change what's happened. It's clear to some where his focus was at that time, and it's clear in the tweet. It's also clear to me that Monday's crash finally got him to change focus. He's been a different person on this since then, and I'm glad to see it. He's finally acting presidential, wrt virus. Link to comment Share on other sites More sharing options...
Tiberius Posted March 18, 2020 Share Posted March 18, 2020 5 minutes ago, 3rdnlng said: There are many ways for them to pay. Losing a good share of their manufacturing base may be enough to teach them a lesson. So China was not listening to scientific experts and you are complaining! Lol Trump supporter Link to comment Share on other sites More sharing options...
billsfan89 Posted March 18, 2020 Share Posted March 18, 2020 14 minutes ago, Tiberius said: Ya, good luck collecting that I think you aren't obviously going to recoup the trillions in stimulus spending that is going to take to get the economies of nations impacted back from the edge of depression. However China should be writing off hundreds of billions in debt they bought throughout the years from various nations impacted. That would be a start. How you collect on that? I would say a good place to start would be economic pressure. 1 Link to comment Share on other sites More sharing options...
GG Posted March 18, 2020 Author Share Posted March 18, 2020 2 hours ago, TPS said: I essentially said this 3 days ago, but some saw it as a political post. People still aren't getting the gravity of the situation. To say shut it down, does not mean essentials. What is needed is to shut down as much as is feasible for the next 30 days. As I said, declare a payment freeze. Make sure people can get food and water and their meds. This isn't the end either. Hopefully it will dissipate as the weather warms too, but that does not mean it won't be back in the fall. I've been distracting myself following the Bills' moves, but unfortunately I don't think there's going to be a season. Btw, it's nice to see the change in Trump that started with his Monday presser. Can't focus on past decisions, and I'm glad to see the change. Who supplies the essentials? How do the supermarket shelves get restocked? Who delivers the items? Who makes the items that are delivered? Where are the raw materials coming from? etc. The only people who could get shut down from venturing outside and not affect everyone else's lives are people who sit in front of their computers all day. 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted March 18, 2020 Share Posted March 18, 2020 1 hour ago, billsfan89 said: "This (The Virus) is their (The Democrats) new hoax." That's Trump's direct quote about it. The SUBJECT of the quote/sentence is still the Democrats He is referring to the Democrats hoax, not the virus I can’t be any clearer. Save the question for your home room teacher when you go back He didn’t call the virus a hoax. . 1 3 Link to comment Share on other sites More sharing options...
billsfan89 Posted March 18, 2020 Share Posted March 18, 2020 1 minute ago, B-Man said: The SUBJECT of the quote/sentence is still the Democrats He is referring to the Democrats hoax, not the virus I can’t be any clearer. Save the question for your home room teacher when you go back He didn’t call the virus a hoax. . This (The Democrats) is their (The Democrats) new hoax? Who is the "This" in the sentence? Link to comment Share on other sites More sharing options...
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