The ultimate COVID thread

Started by deleted59964
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you mean other than the fact that other countries will not want to borrow from us in the future? Our borrowing costs are so low because the American govt is seen as 100% reliable for repaying.

Disagree.

This virus was foisted on the rest of the world by China's decision to allow flights out of China even after knowing full well how serious Sars-CoV-2 is.

Soft act of war. China owes a great deal to the rest of the world, and this is obvious to all governments.
 
This virus didn’t start in a wet market as China claims. It originated possibly as a unintentional leak from the Wuhan institute of Virology which is the only level 4 biohazard institute in the whole of China.
Once the Chinese figured it out they sealed up the province completely and were somehow able to limit spread. They are lying about their mortality rates they are at least 20 times what they are stating. However it leaked out from the country and now its our problem. It’s mortality is not 1% its more like 10-20%.
Unlikely. It isn't the sort of coronavirus that would make sense to evaluate in a bioweapons lab. Their mortality rates are likely around where they say they are but their deaths and cases are likely much higher. I doubt they could hide every fifth person dying, even with their iron grip.
 
If this were true i'd have to clone myself to attend all the funerals... and i'm not all that popular of a guy.
Italy and Spain are real indicators of true mortality; not China which has been hiding their stats. Liberal papers like NYT are talking today about how China hid their mortality.
 
GM Seeks Tariff Relief for Ventilator Parts

WASHINGTON— General Motors Co. is asking the Trump administration to drop import tariffs on Chinese parts that the auto maker needs to make ventilators, saying the levies will make it more expensive to build desperately needed machines that can save lives.

In a letter to the U.S. Trade Representative, GM officials asked the federal government to grant exclusions for several categories of ventilator parts made in China. The existing tariffs on ventilator parts “could potentially impede the ability of GM and other U.S. manufacturers to source parts for critical care ventilators quickly, reliably, and at as reasonable a cost as possible,” said the letter, which was dated Tuesday and made public Thursday.

------

It's like a Curb Your Enthusiam episode except the main plotline is a plague
 
Disagree.

This virus was foisted on the rest of the world by China's decision to allow flights out of China even after knowing full well how serious Sars-CoV-2 is.

Soft act of war. China owes a great deal to the rest of the world, and this is obvious to all governments.

While I personally disagree with your reasoning, it's irrelevant to the resulting idea of the US government just ignoring their financial obligations. Besides, China could simply offload much of that debt to some other country in exchange for something else and then we would pay the other country. If the US government voluntarily defaults on debt, the effects are too difficult and severe to even comprehend the downstream impact of it. It would be a bell that could not be unrung.
 
While I personally disagree with your reasoning, it's irrelevant to the resulting idea of the US government just ignoring their financial obligations. Besides, China could simply offload much of that debt to some other country in exchange for something else and then we would pay the other country. If the US government voluntarily defaults on debt, the effects are too difficult and severe to even comprehend the downstream impact of it. It would be a bell that could not be unrung.

Again, I happen to think that the conceptually despicable ignoring of financial obligations is less relevant here, given that the entire world's misery is due to China's malice.

But you may be right about the fungibility of those obligations from China's perspective.
 
What are the downsides, if any, of telling China that we are disregarding from here on out any debt we owe to them (as of now, slightly over $1 trillion)?

They allowed the virus to spread to bring down the global economy along with their own. Let's tell them that, as payback, we will no longer honor their T bills, bonds, etc.
Dude T bills are like dollar bills. There are no names printed on them. How do you distinguish between the T bills held by Chinese government and the bills held by you in your retirement account?

Secondly, nobody is going to buy the bonds anymore. Our government will collapse instantly.

Thirdly, this one most laypersons are not aware of. There is substantial investment by US companies in China (very little the other way around). If the States confiscate the debt China holds, China will confiscate these assets.
 
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What are the downsides, if any, of telling China that we are disregarding from here on out any debt we owe to them (as of now, slightly over $1 trillion)?

They allowed the virus to spread to bring down the global economy along with their own. Let's tell them that, as payback, we will no longer honor their T bills, bonds, etc.


China might then give us the digitus impudicus because of:

 


D1A652BA-76F3-4DD4-AC4D-C47FCEC10EBF.gif
 
What are the downsides, if any, of telling China that we are disregarding from here on out any debt we owe to them (as of now, slightly over $1 trillion)?

They allowed the virus to spread to bring down the global economy along with their own. Let's tell them that, as payback, we will no longer honor their T bills, bonds, etc.
Just make sure you do that AFTER we are no longer dependent on them for so many critically necessary imports.
 
This virus didn’t start in a wet market as China claims. It originated possibly as a unintentional leak from the Wuhan institute of Virology which is the only level 4 biohazard institute in the whole of China.
Once the Chinese figured it out they sealed up the province completely and were somehow able to limit spread. They are lying about their mortality rates they are at least 20 times what they are stating. However it leaked out from the country and now its our problem. It’s mortality is not 1% its more like 10-20%.

Are you deluded?
 
you mean other than the fact that other countries will not want to borrow from us in the future? Our borrowing costs are so low because the American govt is seen as 100% reliable for repaying.
Our borrowing costs are so low because the Fed artificially keeps the rates low. But we're never paying that debt back. Anyone that thinks we are is a bit clueless to our situation. It's getting defaulted on one way or another whether it's outright default or whether it's being paid back with inflated Fed counterfeit money. Nobody long term is getting back the value they put into our giant sucking debt hole.
 
This virus didn’t start in a wet market as China claims. It originated possibly as a unintentional leak from the Wuhan institute of Virology which is the only level 4 biohazard institute in the whole of China.
Once the Chinese figured it out they sealed up the province completely and were somehow able to limit spread. They are lying about their mortality rates they are at least 20 times what they are stating. However it leaked out from the country and now its our problem. It’s mortality is not 1% its more like 10-20%.
I was with you as a possibility until the 10-20% mortality. Then you lost me.
 
China might then give us the digitus impudicus because of:


Just got started on learning macroecon, which is why I more or less presented the idea in the form of a Q. Good to get educated.

I suppose that reclaiming manufacturing independence might be a form of payback for this, but it should really be done anyway.

I don't think that hasty action needs to be taken. Revenge is best served cold.
 
There is a solid theory that this Covid 19 started as an accident in the Chinese CDC lab based out of Wuhan. A worker became infected with Covid 19 from a bat (feces or blood or urine). This type of bat is NOT found in the Wet Markets around Wuhan. The Chinese CDC worker then spread the infection to others in Wuhan. This was an accident not a purposeful occurrence by the Chinese. They then covered it up by blaming the Wet Market.

The theory is primarily based on the type of BAT used in the Wuhan CDC lab vs the type of bat sold in the wet market. Some scientists insist that the bat where Covid 19 originated from is NOT sold or found in the Wet Market but is used as the primary BAT in the Wuhan CDC lab.

The virus, Covid 19, likely came from a BAT but again, where was this BAT when it infected the first human in Wuhan? Was it the Wet Market or the Wuhan CDC lab?



A very nice review of Covid 19
 
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There is a solid theory conspiracy theory that this Covid 19 started as an accident in the Chinese CDC lab based out of Wuhan. A worker became infected with Covid 19 from a bat (feces or blood or urine). This type of bat is NOT found in the Wet Markets around Wuhan. The Chinese CDC worker then spread the infection to others in Wuhan. This was an accident not a purposeful occurrence by the Chinese. They then covered it up by blaming the Wet Market.

fixed it for u
 
fixed it for u

That is fine. It is possible and The Washington post is not dismissing it ( a liberal newspaper). Why does it have to be a conspirancy theory? The Chinese covered up an accident at a research lab. The virus was not engineered but rather found in the BAT. There are literally dozens (? hundreds) of Viruses in these bats. The Wuhan lab was studying them and doing research.

FYI, people should NOT be eating these bats regardless as the evidence is clear there are multiple Coronavirus strains in these bats.




 
fixed it for u


And then there is this little-known fact: Some Chinese researchers are in the habit of selling their laboratory animals to street vendors after they have finished experimenting on them.

You heard me right.

Instead of properly disposing of infected animals by cremation, as the law requires, they sell them on the side to make a little extra cash. Or, in some cases, a lot of extra cash. One Beijing researcher, now in jail, made a million dollars selling his monkeys and rats on the live animal market, where they eventually wound up in someone’s stomach.


 
There is a solid theory that this Covid 19 started as an accident in the Chinese CDC lab based out of Wuhan. A worker became infected with Covid 19 from a bat (feces or blood or urine). This type of bat is NOT found in the Wet Markets around Wuhan. The Chinese CDC worker then spread the infection to others in Wuhan. This was an accident not a purposeful occurrence by the Chinese. They then covered it up by blaming the Wet Market.

The theory is primarily based on the type of BAT used in the Wuhan CDC lab vs the type of bat sold in the wet market. Some scientists insist that the bat where Covid 19 originated from is NOT sold or found in the Wet Market but is used as the primary BAT in the Wuhan CDC lab.

The virus, Covid 19, likely came from a BAT but again, where was this BAT when it infected the first human in Wuhan? Was it the Wet Market or the Wuhan CDC lab?



A very nice review of Covid 19

Solid theory?

Dude you have got to get out of your bunker and get some sun and turn off the right wing cable news. Between the weird Plaquenil posts and the conspiracy theories, you are starting to sound like an absolute wacko.
 
And then there is this little-known fact: Some Chinese researchers are in the habit of selling their laboratory animals to street vendors after they have finished experimenting on them.

You heard me right.

Instead of properly disposing of infected animals by cremation, as the law requires, they sell them on the side to make a little extra cash. Or, in some cases, a lot of extra cash. One Beijing researcher, now in jail, made a million dollars selling his monkeys and rats on the live animal market, where they eventually wound up in someone’s stomach.


Dude, read better sources. You know, those people called "the mainstream media", who have a much higher tendency to fact check? I am not saying that the theory is false (I have no idea). I am saying that the likelihood of it being true is low.

Also, if true, it speaks volumes about Trump (sic!) that he minimized the effects of a potential man-made bioweapon for a long time. I'm sure the NSC (and other pertinent professionals) have brought up this possibility (if there was any likelihood to it).

It takes a special type of person to believe in all kinds of conspiracy theories. If you want to find them, just look for people who watch Fox. 😛
 
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One should put a 6-channel safe social distance between one and Fox.
Hmm, should we instead listen to the CNN conspiracy theories that White Supremacists are lurking behind every door, that police are systematically eliminating the black race, and that Socialism works?
 
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This virus didn’t start in a wet market as China claims. It originated possibly as a unintentional leak from the Wuhan institute of Virology which is the only level 4 biohazard institute in the whole of China.
Once the Chinese figured it out they sealed up the province completely and were somehow able to limit spread. They are lying about their mortality rates they are at least 20 times what they are stating. However it leaked out from the country and now its our problem. It’s mortality is not 1% its more like 10-20%.
And your evidence for this is ...
:corny:

 
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Ah yes, a total left wing racist ******* deflecting his own idiocy but pulling the "Fox Card." Sorry my kugerrand friend, you're still a *******.
This isn't about politics or right or left. It's about competence. I wonder if ppl realize just how many American lives, of all backgrounds, will be sacrificed simply as a result of the head in the sand ignorance and arrogance of this country's leadership and those who blindly support it.
 
We screened the area around the seafood market and identified two laboratories conducting research on bat coronavirus. Within ~ 280 meters from the market, there was the Wuhan Center for Disease Control & Prevention. WHCDC hosted animals in laboratories for research purpose, one of which was specialized in pathogens collection and identification. In one of their studies, 155 bats including Rhinolophus affinis were captured in Hubei province, and other 450 bats were captured in Zhejiang province. The expert in Collection was noted in the Author Contributions (JHT). Moreover, he was broadcasted for collecting viruses on nation-wide newspapers and websites in 2017 and 2019. He described that he was once by attacked by bats and the blood of a bat shot on his skin. He knew the extreme danger of the infection so he quarantined himself for 14 days. In another accident, he quarantined himself again because bats peed on him.

Surgery was performed on the caged animals and the tissue samples were collected for DNA and RNA extraction and sequencing. The tissue samples and contaminated trashes were source of pathogens. They were only ~280 meters from the seafood market. The WHCDC was also adjacent to the Union Hospital (Figure 1, bottom) where the first group of doctors were infected during this epidemic. It is plausible that the virus leaked around and some of them contaminated the initial patients in this epidemic, though solid proofs are needed in future study.

The second laboratory was ~12 kilometers from the seafood market and belonged to Wuhan Institute of Virology, Chinese Academy of Sciences . . .

In summary, somebody was entangled with the evolution of 2019-nCoV coronavirus. In addition to origins of natural recombination and intermediate host, the killer coronavirus probably originated from a laboratory in Wuhan. Safety level may need to be reinforced in high risk biohazardous laboratories. Regulations may be taken to relocate these laboratories far away from city center and other densely populated places.
 
This isn't about politics or right or left. It's about competence. I wonder if ppl realize just how many American lives, of all backgrounds, will be sacrificed simply as a result of the head in the sand ignorance and arrogance of this country's leadership and those who blindly support it.

ConornavirusHoaxHeadlines-600x491.png
 
Now, of course we expect the most-competent of responses from our leaders. But apart from a couple of random YouTubers I follow, almost everybody underestimated this virus at the beginning.
 
This isn't about politics or right or left. It's about competence. I wonder if ppl realize just how many American lives, of all backgrounds, will be sacrificed simply as a result of the head in the sand ignorance and arrogance of this country's leadership and those who blindly support it.

20200403_222712.jpg


 
Now, of course we expect the most-competent of responses from our leaders. But apart from a couple of random YouTubers I follow, almost everybody underestimated this virus at the beginning.

Screenshot_20200403-223626_Chrome.jpg



That was an unclassified briefing from US Northern command. Trump probably had access to a billion other pieces of information or classified briefings with better information that he probably ignored. But sure, I guess we'll blame local channel Fox 17's website for the president being underprepared.




 
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My offer was $3000 for 12 hour shift, travel, food, and a Marriott. It's locum short term work. You have your established group and salaries, and then this crazy short term upswing in demand. They are going to have to pay to find some locums from wherever to drop everything, come to NY to work in absolute hell tight now, and then as soon as it's over back to a normal hospital, it's thank you and see ya, don't let the door hit ya on the way out. Other than volunteers which I admire but maybe think are a little crazy in this, it's going to cost money to plug the holes.

How would one get to NY? wouldn't they put you in quarantine if you flew across the country?

Also i've enlisted in the ICU. I could drive 20 mins down to NYC to make that kind of money on the weekends, but i would feel so dirty making that money. The most troll part is when the anes attendings around here walking around doing nothing and congratulating me on my promotion without pay... Wonder if I would lose my job if i punched him in the face.
 
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That was an unclassified briefing from US Northern command. Trump probably had access to a billion other pieces of information or classified briefings with better information that he probably ignored. But sure, I guess we'll blame local channel Fox 17's website for the president being underprepared.

Trump is not blameless.

You should also remember, however, that it's possible that he was also given more-favorable estimates. This idea - that we don't know what we don't know - is one of the reasons why, for example, I try to reserve an inkling of understanding when a president makes foreign policy/"national security" moves with which I disagree (I'm anti-intervention). I don't know every piece of classified info fed to presidents. For all I know, there are 2000 people in Afghanistan working feverishly to develop chemical weapons to be deployed in DC or Baltimore, and US presence in the region is, against all expectations, actually necessary.

Yeah, Trump speaks obnoxiously. But he is also a psychologically-positive personality who played a significant role in the enormous financial optimism characteristic of the past few years. There are now very real discussions being had regarding the cost/benefit ratio of the steps we've taken to combat the coronavirus, and for just just how long they can be maintained. Like it or not, part of a leader's job is to manage the group psychology of the led. When this is all said and done, we may find that his downplaying of the virus's severity was tactically sound.
 
Trump is not blameless.

You should also remember, however, that it's possible that he was also given more-favorable estimates. This idea - that we don't know what we don't know - is one of the reasons why, for example, I try to reserve an inkling of understanding when a president makes foreign policy/"national security" moves with which I disagree (I'm anti-intervention). I don't know every piece of classified info fed to presidents. For all I know, there are 2000 people in Afghanistan working feverishly to develop chemical weapons to be deployed in DC or Baltimore, and US presence in the region is, against all expectations, actually necessary.

Yeah, Trump speaks obnoxiously. But he is also a psychologically-positive personality who played a significant role in the enormous financial optimism characteristic of the past few years. There are now very real discussions being had regarding the cost/benefit ratio of the steps we've taken to combat the coronavirus, and for just just how long they can be maintained. Like it or not, part of a leader's job is to manage the group psychology of the led. When this is all said and done, we may find that his downplaying of the virus's severity was tactically sound.

Dude, put the koolaid down. We all know we're not talking about a situation where the ball was dropped because of a miscalculation, but rather because no one high up was doing or looking at any calculation. After all, you're talking about a guy who as recently as March 2nd was asking if a "solid flu vaccine" would have an effect on corona.
 
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Dude, put the koolaid down. We all know we're not talking about a situation where the ball was dropped because of a miscalculation, but rather because no one high up was doing or looking at any calculation. After all, you're talking about a guy who as recently as March 2nd was asking if a "solid flu vaccine" would have an effect on corona.
I think my favorite Corona Trump quote is his natural ability for science and how the doctors are so impressed by it.
 
Dude, put the koolaid down. We all know we're not talking about a situation where the ball was dropped because of a miscalculation, but rather because no one high up was doing or looking at any calculation. After all, you're talking about a guy who as recently as March 2nd was asking if a "solid flu vaccine" would have an effect on corona.

You seem to fall into the camp of people who think that Trump is an absolute dumb*** who has happened to stumble into whatever successes he's enjoyed in the past five decades. It's a mathematically unsound viewpoint, but ok.

Trump has a talent for dealing with people, but there's no question that situations like COVID19 are not his forte. A former governor such as Romney or even Rick Perry would probably have performed better in these circumstances.
 
You seem to fall into the camp of people who think that Trump is an absolute dumb*** who has happened to stumble into whatever successes he's enjoyed in the past five decades. It's a mathematically unsound viewpoint, but ok.

Trump has a talent for dealing with people, but there's no question that situations like COVID19 are not his forte. A former governor such as Romney or even Rick Perry would probably have performed better in these circumstances.

You want to know what was mathematically unsound? Thinking this stock price was ever going to go back up:

08F3F0F0-475C-404B-B4AA-93190B767F50.jpeg




Even more unsound is thinking he’s some kind of great success for inheriting money from his dad when he’s had six business bankruptcies and a foundation and “university” shut down for fraud. Furthermore, if he would’ve taken his net worth in 1987 (even before Black Friday) and just put it into an index fund, he’d have been worth about $12b in 2015 as opposed to whatever undisclosed, nebulous (likely highly in debt) low single digit billionaire number is assigned to him today.
 
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Our borrowing costs are so low because the Fed artificially keeps the rates low. But we're never paying that debt back. Anyone that thinks we are is a bit clueless to our situation. It's getting defaulted on one way or another whether it's outright default or whether it's being paid back with inflated Fed counterfeit money. Nobody long term is getting back the value they put into our giant sucking debt hole.

you should leave the zero hedge level economic thinking where you found it. Borrowing costs are determined by the entity you are borrowing from. Your thought that they are low because the Fed keeps them low is like saying I got a good rate on my mortgage because I said so, not because that's what the bank was willing to take.

As a general rule of thumb, anybody that uses the word fiat in a sentence should be disregarded in any discussion of finance and economics.
 
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If you don't understand the fed rate is dropped to incentivize borrowing and growth through a variety of lower interest rates you are in no position to state who should be disregarded.

Sure is funny the borrowing cost determined by the borrowing entity for my mortgage dropped repeatly over the past 20+ years correlating with fed rate drops to the tune of about 9 no closing cost refinances when you state the 2 are basically unrelated.

Pretty much every post you direct at me in your usual rude manner is incorrect. But I do admire your consistency.
 
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If you don't understand the fed rate is dropped to incentivize borrowing and growth through a variety of lower interest rates you are in no position to state who should be disregarded.

Pretty much every post you direct at me in your usual rude manner is incorrect. But I do admire your consistency.

you are literally failing basic undergrad economic level topics. If you can't understand the differences between auctions of treasury bills, interest rates of treasury notes and bonds, and the federal funds rate and how those things differ, well just stop. I guarantee you that you have no formal education in the area and are simply taking things from nut job websites. It's the financial equivalent to a patient telling you about their google search.
 
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