The Re-Opening Plan

[Seahawk]

Originally Posted by Shaun @ Tru6

Movie theaters are closed, that's a bummer. But they'll be back open in April sometime.

Perfect. Then when they open and get sued because the metrics for reopening were not well vetted...never mind.

[cabmandone]

Originally Posted by Shaun @ Tru6

Sure, some people are out of a job but not that many. Fast food and restaurants around here are all open and doing take out. So things slow down for a month in a few areas. Not the end of the world. Everyone I know are professionals working from home. Everyone I know is still working like nothing happened. Just in their pajamas. Movie theaters are closed, that's a bummer. But they'll be back open in April sometime.

Do you think an RN with a BSN is unskilled? Those restaurants doing carryout only are now working on about 1/2 or less the staff. I hit a Wendy's drive thru for a friend this afternoon. 1 at the window that was also bagging the orders, doing drinks and taking the order of the 5 other cars behind me. This is touching nearly every segment of the economy. It's going to take a while to get things back to "normal" Somehow I seem to be unaffected by all of this. I consider myself very lucky.

[Shaun @ Tru6]

Originally Posted by Seahawk

Perfect. Then when they open and get sued because the metrics for reopening were not well vetted...never mind.

meh.

[Shaun @ Tru6]

Originally Posted by cabmando

Do you think an RN with a BSN is unskilled? Those restaurants doing carryout only are now working on about 1/2 or less the staff. I hit a Wendy's drive thru for a friend this afternoon. 1 at the window that was also bagging the orders, doing drinks and taking the order of the 5 other cars behind me. This is touching nearly every segment of the economy. It's going to take a while to get things back to "normal" Somehow I seem to be unaffected by all of this. I consider myself very lucky.

Sure but it's not a lot of nurses. I just don't see the economy crashing to the ground or anything close. Non event. We will see.

[Crowbob]

In the fall somebody bought a piece of land near me and of course tore it all up, ripped out abuncha trees, flattened the top of a hill, pushed abuncha dirt around and dug a hole for a basement. Then winter hit. Then the plague hit.

I wonder how or even if the project will continue.

Good thing is I get to look at it from my kitchen window every day.

[Baz]

Originally Posted by Bill Douglas

You guys are talking as if we are going to survive this.

Hold my beer......

[Bill Douglas]

Instead of people stocking up on toilet paper and signing up to netflix, they should be buying a fishing rod and playing the very long game.

The delivery boy doesn't want to drop the groceries off at their front door after a short while.

[Crowbob]

Originally Posted by Bill Douglas

You guys are talking as if we are going to survive this.

Hey, you in back.

You have something you wanna share with the rest of the class?

[Crowbob]

I’ll bet the deer population mysteriously decreases around here. I can only hope. My buddy says he’s all set with his rifle and night vision gizmo.

I told him if it comes to that the deer pop. will go to zero in about two weeks so you better gitter done now.

[Mahler9th]

There are likely projections all over the place about unemployment-- near and longer term. Some modeled with "reasonableness," some nonsense, some in between.

There are likely already models of costs associated with hospitalization, whether in or outside of ICU settings. CMS (Medicare) and private insurers likely already have several models and if they have insurers they likely do as well.

For hospitalization that doesn't result in death, there are likely models that attempt to estimate how many patients will be in financial strife due to the portions of healthcare costs that they must bear (that is that fall outside of coverage if they have coverage).

And there are likely models that estimate the mid- and long term costs of healthcare for hospitalization survivors that have lung damage as a result of Covid-19.

The economics involved with this pandemic... globally, are likely very complex.

[cabmandone]

Originally Posted by Shaun @ Tru6

Sure but it's not a lot of nurses. I just don't see the economy crashing to the ground or anything close. Non event. We will see.

I can't see a way that it doesn't put a world of hurt on the economy. The moment they decided to shut things down is the moment I got concerned, but it was concern for people economically. The number of people living paycheck to paycheck is alarming and this isn't going to help any of them. The number of people in debt up to their hairlines (REALLY bad for the bald people ) is astounding. A stimulus plan to give most people 2K isn't going to get it done IMO. In two or three weeks many will have any rainy day fund dissolved. That means the economy suffers because consumers can only afford to consume the necessities. Consuming just the necessities doesn't create a robust recovery from what just happened.

[Bill Douglas]

Originally Posted by Crowbob

Hey, you in back.

You have something you wanna share with the rest of the class?

Haha, hopefully, hopefully, I won't be saying in a month or two "I told you so."

But it's nice that you are so positive and believe that the system/government will look after you. So all the best to you.

[Crowbob]

Yep. Those families living paycheck to paycheck are not gonna spend whatever money they can scrounge up on rent, house payments, car payments, credit cards or loans.

I wouldn’t.

[tabs]

Originally Posted by Shaun @ Tru6

The economy hasn't been shut down so it doesn't need to be restarted. A few sectors in some states have slowed, that's it. The self-isolation/social distancing plan will work and in a few weeks we'll all be fine, spending more money than we have, because that's the American way, getting the economy back to normal.

BTW I DEAL IN REALITY and NOT FANTASY..The tidings are grim...and are depressing but you have to deal with it. You have no other choice now because it is gob smacking you in the face...

Your thinking on the Micro level..you need to look at the MACRO machinations that effect peoples decisions and actions. The macro movements over the last decade leave little where with all to meet this crisis. Those machinations over the past decade have been done to sustain an appearance of a previous normalcy. where a NEW NORMAL was in fact operating out of sight. Now the CV tips the scales where that NEW NORMAL is in plain sight and you have to deal with that reality of having empty shelves...where previously they were full.

Yesterday and today the FED printed 150B. That is apx 2 months worth of QE3. They are putting up 500B A DAY at the REPO window, they are BACKSTOPPING Money Markets by accepting collateral for liquidity. They have put up 750B for QE 4.5 They are going to start BUYING muni bonds...

and soon corporate paper and even buying Stocks themselves like the BOJ does (and owns 75% of the Japanese equity market). They are moving to NEGATIVE US interest rates...at that point we may begin to see a cashless society as a move to be forced to use banks that are charging consumers negative interest rates. Gold ownership maybe prohibited as in 1933.

The price of Oil has virtually crashed to WTC 23.64 a barrel...I suspect sub 20 a barrel. Even Gold and Silver have crashed..but are now rebounding. When the Trillion $$ stimulus was announced the 10 yr Treasury bumped to about 1.2% and has fallen to sub 1% again. The USD is strong as all the other currencies are turning to shyte.

The GS prognostication for Qtr 2 GDP to fall by 24%. and the possibility of having 20% unemployment..can you say DEPRESSION..

Then we come to RE Foreclosures...there already is a moratorium, Car loan defaults and Credit Card defaults...they are already saying if you do not make a payment do not worry. Filing Income Taxes is now deferred till 7/15/20. Then we come to the 2K payments to everybody..which is designed help people meet their obligations to the banks and living expenses

ALL PENSION FUNDS, ANNUITIES, Mutual Funds and 401Ks are at risk because of the Stock Market rout.

Shauny you know full well what I said about CV being at DEFCON 3 back in January and the possible future outcome.

[Crowbob]

Hey Bill,

For years I’ve been arguing that the reality is such that nobody is gonna be there to save anybody, especially not the government. I’m the pessimist’s pessimist about the economy. I even tried to tell TABS to take his rose-colored Ray-Ban Aviators off and look at the real world.

[Shaun @ Tru6]

Originally Posted by cabmando

I can't see a way that it doesn't put a world of hurt on the economy. The moment they decided to shut things down is the moment I got concerned, but it was concern for people economically. The number of people living paycheck to paycheck is alarming and this isn't going to help any of them. The number of people in debt up to their hairlines (REALLY bad for the bald people ) is astounding. A stimulus plan to give most people 2K isn't going to get it done IMO. In two or three weeks many will have any rainy day fund dissolved. That means the economy suffers because consumers can only afford to consume the necessities. Consuming just the necessities doesn't create a robust recovery from what just happened.

Well let's hope I'm wrong and the economy burns to the ground.

[Shaun @ Tru6]

Originally Posted by tabs

BTW I DEAL IN REALITY and NOT FANTASY..

You deal in buffets and the U.S. losing world currency status.

[Bill Douglas]

Originally Posted by Crowbob

Hey Bill,
.

Oh look. I've got no idea at all.

And I'm not trying to wind everybody up either. I just have no idea what is going to happen, but whatever it's not going to be good. I just see it as a snowball rolling down a hill getting bigger and bigger, faster and faster.

i'm no cystal ball gazer. If I was I wouldn't have bought all those airport stocks a month ago

[cabmandone]

Originally Posted by Shaun @ Tru6

Well let's hope I'm wrong and the economy burns to the ground.

I'm not saying it's going to burn to the ground. I'm just saying this virus put more hurt on us economically than it ultimately will in the loss of life.

[VillaRicaGA911]

I did not read all the reply’s here so my apologies if someone has already suggested, if you want a reopen plan and heck even a plan for right now its easy. Suspend all taxes for the next 90 days as in you don’t have to pay tax ever for anything you do in the next 90 days. Nothing, oh multi billion dollar business hold cash over seas, bring it on back to the USA, no taxes, oh you want to go purchase a new whatever at any price anywhere, great no taxes due. Small business no payroll taxes, FICA, social security no nothing for you as the business owner or any of your employees for the next 90 days. Sit back and watch the economy blast off.