Hello There, Guest! (LoginRegister)
Open TigerLinks
 

Post Reply 
Economics going forward
Author Message
Bookmark and Share
fsquid Offline
Legend
*

Posts: 81,520
Joined: Jan 2004
Reputation: 1846
I Root For: Memphis, Queens (NC)
Location: St Johns, FL

CrappiesCrappiesCrappiesCrappiesMemphis Hall of Fame
Post: #101
RE: Economics going forward
(04-15-2020 03:28 PM)BartlettTigerFan Wrote:  
(04-15-2020 03:17 PM)fsquid Wrote:  Time to open back up in May.

Time to open back up yesterday, but ok.

I never closed.
04-15-2020 03:29 PM
Find all posts by this user Quote this message in a reply
BartlettTigerFan Offline
Have gun Will travel
*

Posts: 33,675
Joined: Mar 2007
Reputation: 3709
I Root For: Freedom
Location: Undetermined
Post: #102
RE: Economics going forward
(04-15-2020 03:29 PM)fsquid Wrote:  
(04-15-2020 03:28 PM)BartlettTigerFan Wrote:  
(04-15-2020 03:17 PM)fsquid Wrote:  Time to open back up in May.

Time to open back up yesterday, but ok.

I never closed.

04-cheers
04-15-2020 04:57 PM
Find all posts by this user Quote this message in a reply
Stammers Offline
Legend
*

Posts: 38,187
Joined: Feb 2004
Reputation: 1739
I Root For: Memphis
Location: Montreal, Canada
Post: #103
RE: Economics going forward
(04-14-2020 04:04 PM)Tiger87 Wrote:  
(04-14-2020 11:52 AM)aardWolf Wrote:  
(04-14-2020 11:46 AM)BartlettTigerFan Wrote:  
(04-14-2020 11:27 AM)Stammers Wrote:  If this goes on much longer, people are going to have to ask themselves and answer existential questions. The most important one is that if you have a choice between losing your home and/or business by continuing the lockdown, or going back to work and having a 1% chance of dying; what would you choose?

I don't see how there's any choice there. The first option is worse than death. It is to me anyway.

At my age range, it's more of a 0.4% of dying ONLY IF I get it to begin with. This is not the same thing as a 0.4% chance of dying if I go outside. Coincidentally, my odds are right around the same of dying if I get the flu, but somehow I've managed to go outside before now.

https://www.worldometers.info/coronaviru...ographics/
https://bmcmedicine.biomedcentral.com/ar...015-10-162

Yeah, the actuarial tables are much different than simply 1%. I get what Stammers is saying, but even the worst hit countries have not seen a 1% death rate of the entire population. Italy, Spain, Belgium, and France have the lead in per capita deaths (excluding China because who knows), and their total rate is "only" around .03%. I guess if we assume everyone will eventually get it, since many "experts" think the actual mortality is 1% then I guess that is the overall risk.

But there's a lot of variance within that mortality rate. If you're above 60, the rate goes up. If you have serious pre-existing medical conditions, the rate goes up. If you're a smoker, the rate goes up. So for some, the decision will be 1 in 1000, and others it will be 1 in 50.

I think we have to be able to do two things at once - live life, and protect ourselves/others. I'm ready to move on with life. The only pause I will have is around older people and young kids. Although kids evidently aren't that vulnerable, I would be devastated to know I infected one.

Whatever the number is. I said 1% as a worst case scenario, but it for sure will be much lower. At 1% you would have an overwhelming majority want to do it, which would drag everyone in at the risk of being left in the dust.

This is 100% a middle class virus and a 100% middle class decision. Most in the upper income bracket with a lot of savings will be content to ride it out until there is little or no risk. Even if they do that, there will be bargains galore when it comes to businesses, real estate and the stock market.

Those in the lower income brackets are probably going to think the same way if government assistance keeps their heads above water. Most Americans will be eager to get back to work but there will be for sure many that aren't going to be motivated by a pay check that is marginally bigger than their welfare check.

The middle class has everything to lose and is the most at risk of almost completely disappearing if this goes on much longer. 6 months of not paying bills, not making mortgage or rent payments is going to be a killer. I can ride this out for a few years if I have to, but even if I live frugally, it will still cost me 30-40k after tax dollars a year to keep what I have; which probably delays my retirement plans for a year or two.

Aside from a dozen or so states, it's almost time. The big talking point is flattening the curve. Once the curve is flattened, IMO it is crucial for whoever is going to get the virus to get it at a pace where local hospitals are not overloaded and stretched beyond their limits. Having nobody get it for a year and then everyone gets it once they leave isolation serves no purpose. Let people out now and bring them back in if new cases are too much of a burden.
(This post was last modified: 04-15-2020 07:46 PM by Stammers.)
04-15-2020 07:45 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.
MemphisTigers.org is the number one message board for Memphis Tigers sports.