groveChuck
U-matic Member
Rim shot!!!
So is 2.5 Iron Butts 2 Iron Butts and an Iron Cheek? That engine sounds like a monster- enjoy!!!
Coronavirus Impact
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So is 2.5 Iron Butts 2 Iron Butts and an Iron Cheek? That engine sounds like a monster- enjoy!!!
groveChuck
U-matic Member
Cary, Cary, Cary- why the hyperbole? Where did I say I didn't fly and wanted to go to the Stone Age?
"Accidents" do happen. But negligence does not an accident make. If a surgeon has a 3 martini lunch and leaves clamps and a dirty sponge in your abdomen, is that an accident? No, it's sloppy, stupid, unprofessional and negligent.
ValueJet and Boeing knew the numbers ("value" of a life) and still cut corners. In the name of business.
And that, put very simply, is wrong.
You had a problem with eBay sellers marking up the price of N95 masks? Gouging, or "business"? What the market will bear?
Nobody made anyone buy those masks...
ValueJet went out of business, and Boeing deserves 200x extreme scrutiny of their spending of federal funds. Correction, of our money.
And if they can't cut it, Darwin says they don't survive...
groveChuck
U-matic Member
To answer my own question, well, Bloomberg did, in this excellent article.
I guess this could bode well for skin cancer exposure, perhaps not so well for Outside magazine:
A Bull’s Conundrum: Rally In Stocks Is Built on Staying Inside
The S&P 500 surged Monday after New York coronavirus fatalities declined for the first time, while Italy and Spain reported the fewest deaths in more than two weeks.
To Peter Cecchini, investors aren’t thinking clearly enough about what it all means.
As the Cantor Fitzgerald strategist sees it, a lower death rate suggests self-isolation and staying indoors are working. While obviously the best possible news for society, its meaning for markets comes with important caveats, among them the economic cost of prolonging the lockdown.
“What the takeaway should be is that we need to continue this policy, perhaps for even longer than we originally thought,” Cecchini said. “I want to be as optimistic as the next guy about this, but I think we need to be realistic.”
Over and over during the outbreak it has been shown how relief in stocks reflects a different calculus than relief in the real world. Markets look forward and backward to a greater degree than most human minds, balancing guesses about a sometimes-distant future with all the pain already priced in. Both considerations can cause the actions of investors to seem cold blooded at times, particularly when viewed through narrow windows.
Right now, some worry, traders are getting ahead of themselves. Shelter-in-place guidelines have already wrecked havoc on retail spending and sparked the biggest plummet in U.S. employment since the last recession. Still to come is a reckoning for debt-laden corporate issuers with ratings at risk.
“The lock-down is economically ruinous -- make no mistake about it,” wrote Charles Dumas at the TS Lombard research shop. “We have a stock market in denial, very far from any sign of capitulation. The second leg down of this bear looks as if it will be worse than the first.”
Of course, confidently ascribing any reason for optimism, or pessimism for that matter, has been a fool’s errand in a stock market swinging 5% a day. Forceful sell-offs are met the next day with a strong rallies, and vice versa. Feedback loops are everywhere -- including the bullish possibility that successfully arresting the death rate will put an early end to the most drastic social-distancing protocols.
But with the S&P 500 extending its gain from the March 23 bottom to 17%, and many attributing the strength to signs of the virus’s spread slowing in hot spots around the globe, the bull case is coming under scrutiny. If virus cases are leveling off, it’s because social distancing is working. The longer people have to remain in their homes, the longer businesses remain shuttered. It’s a conundrum policy makers are speaking to.
A diminished fatality rate is “hopeful, but it’s also inconclusive, and it still depends on what we do,” said New York Governor Andrew Cuomo at his Monday news conference. “These models all have a coefficient of ‘what we do,’ and how successful we are at social distancing etc., and from our decision-making point of view, it doesn’t really matter if we hit a plateau or not, because you have to do the same thing. If we are plateauing, we are plateauing at a very high level.”
Efforts to interpret the rally were everywhere on Wall Street. Strategists at JPMorgan Chase & Co. recommended trading on what looks to be close to “a favorable inflection” for the spread of the coronavirus. Quantitative and derivatives strategists including Shawn Quigg and Marko Kolanovic suggested clients position for a “sharp short squeeze” in value stocks.
“With the COVID-19 spread now potentially at an inflection point, the beginning of an economic restart may be closer than anticipated, along with a market trough,” they wrote in a note to clients Monday.
Peter Tchir at Academy Securities says economic headlines are irrelevant when stacked up against the progression of the virus. To Evercore ISI’s Dennis Debusschere, there’s a possibility that positive stories and headlines -- “human ingenuity” as he calls is -- could extend the rally, possibly even sending the S&P 500 to 2,800 (a 25% advance from the March lows).
The impediment to the optimism? “At some point we will actually have to have a solution,” Debusschere said.
The stock market looks to be anticipating an end to social distancing policies in June and a trough in economic growth in the third quarter, according to Bloomberg Intelligence. Strategists led by Gina Martin Adams found that in the case of shorter-than-average recessions, stocks bottom a median 156 days before the end of the economic contraction.
The team has turned to monitoring coronavirus forecasting tools, including the University of Washington’s Institute for Health Metrics and Evaluation (IHME) model, for signals on when virus cases may peak and the economy be able to open back up. Social distancing practices likely won’t end until there’s an all clear for the spread of the virus in the U.S.
“Market volatility is likely here to stay, as news of increasing infections competes with government intervention to keep businesses and individuals solvent for longer,” wrote Martin Adams. “Health experts remain unsure if a second wave will emerge at some point, starting the whole social-distancing dance -- and market volatility -- all over again.”
The sheer difficulty of re-opening economies with the risk of reintroducing a threat to human health has been on display in countries like Japan and Singapore, where case counts have accelerated after earlier success in containment. For strategists at Bespoke Investment Group, such instances suggest “a return to normalcy won’t be as easy as flicking a switch.” In a note to clients, they added, “the risk profile of re-opening is significantly more nuanced and fraught than the decision to close down.”
As the S&P 500 rose Monday to just about match the highest level in three weeks, the VIX fell for a third day to 44, the lowest since March 6 and roughly half its peak level of 85. Still, it’s in part due to this virtuous circle of economies remaining closed that volatility will persist, according to JJ Kinahan, the chief market strategist at TD Ameritrade.
“It’s the bad circle of life,” Kinahan said by phone. “We have these orders in place until the end of April for most areas of the country. Well, that could easily become the end of May really quickly.”
Cary Knoop
Veteran
Not really, the $2 trillion is minted by the treasury, then deposited at the federal reserve and then, sh-boom, the treasury has $2 trillion in their account at the federal reserve!
Of course, that's peanuts compared to the federal reserve's 'balance sheet expansion programs', using the power of multiplication.
We, as in the US citizens, have no money at the treasury, we owe money, about $68,400 per US citizen!
groveChuck
U-matic Member
Yes, we all know how deficit spending works. Rephrased- that's our debt, not our money.
cyvideo
Veteran
We have just been greeted with the news "NSW coronavirus social-distancing to stay 'until vaccine is found', Premier Gladys Berejiklian says." She went on to say:
"For the first time in a long time, every scientist on the planet is working towards a vaccine, working towards a cure, and, of course, we want NSW to be part of that story," Ms Berejiklian said. "We want our best and brightest in NSW and across Australia working their guts out to make sure that we find a vaccine as soon as possible. Because the reality is that until we find a vaccine, we all have to live with this virus. And no matter what restrictions there are in the future, no matter what restrictions are potentially eased in the future, until a vaccine is found, social distancing is a way of life now."
Chris Young
An interesting little video from our Leading TV Doctor, he is an MD, on the difficulty of developing an anti vaccine. It's part way down the following page:
https://www.abc.net.au/news/2020-04...stancing-to-stay-until-vaccine-found/12126802
"For the first time in a long time, every scientist on the planet is working towards a vaccine, working towards a cure, and, of course, we want NSW to be part of that story," Ms Berejiklian said. "We want our best and brightest in NSW and across Australia working their guts out to make sure that we find a vaccine as soon as possible. Because the reality is that until we find a vaccine, we all have to live with this virus. And no matter what restrictions there are in the future, no matter what restrictions are potentially eased in the future, until a vaccine is found, social distancing is a way of life now."
Chris Young
An interesting little video from our Leading TV Doctor, he is an MD, on the difficulty of developing an anti vaccine. It's part way down the following page:
https://www.abc.net.au/news/2020-04...stancing-to-stay-until-vaccine-found/12126802
groveChuck
U-matic Member
That's wild news, Chris! Are you in lockdown, too, or just social distancing?
groveChuck
U-matic Member
That's wild news, Chris! Are you in any sort of lockdown, too, or just social distancing?
cyvideo
Veteran
We are locked down. Only allowed out for food, medical or essential work reasons. Extra police patrolling the cities. How are these for headlines:
"L-Plater Fined $1652 For Driving With Their Mum, Which Is Apparently Not ‘Essential Travel’"
"NBN activations surge above 42,000 a week as Australia locks down" The NBN is our National Broadband Network.
"No bail for man accused of twice sneaking out of Perth hotel to visit girlfriend in Armadale." He was confined as a new arrival to 14 days isolation. Anyone who fails to follow a directive faces a $50,000 fine or 12 months in jail. He's in jail now.
Our lock down will be reviewed monthly but the government is saying expect six months.
Here is the government "Directive" we are expected to obey.
If You Do Leave Your House, It Can Only Be For One Of These 16 Reasons:
To go to work, if you can't work from home
To go to school or an educational institution if open
To go to the supermarket for food and other essential items
To get medical care
To exercise, but only if the exercise is done alone or with one other person (maximum public group allowed is two people)
If you are fleeing an unsafe home, so to avoid injury or illness
If you are dealing with an emergency or on compassionate grounds
If you are providing care or helping a vulnerable relative or person
To take your child to childcare
To attend a wedding (adhering to the five-person limit) or a funeral (adhering to a 10-person limit)
To move house or to go between two places of residence
To donate blood
To fulfill legal obligations
To access support services such as employment services, mental services etc
To fulfill parental sharing arrangements of children (the Government says those conditions shouldn't change and children can move between homes)
To go to a place of worship or to provide pastoral care, if you are a priest, minister or member of a religious order. (places of worship are closed bar weddings and funerals)
Chris Young
groveChuck
U-matic Member
Wow, that's fairly draconian! Necessary? What do you think of the measures?
How are your state/national numbers trending?
And the police pull over everybody they see, or random stops?
groveChuck
U-matic Member
India Bans All Exports of Virus Drug Often Touted by Trump
U.S. president has continued to tout the unproven remedy
Hydroxychloroquine not approved in U.S. for Covid-19 treatment
India banned all exports of hydroxychloroquine, a malaria drug that President Donald Trump has repeatedly touted as a “game changer” in the fight against Covid-19.
Exports of the drug and its formulations are prohibited “without any exceptions” and with immediate effect, India’s Directorate General of Foreign Trade said in an April 4 order on its website. The trade regulator had last month restricted overseas shipments of the drug, allowing only limited exceptions such as on humanitarian grounds and for meeting prior commitments.
https://www.bloomberg.com/news/arti...ll-exports-of-trump-s-game-changer-virus-drug
U.S. president has continued to tout the unproven remedy
Hydroxychloroquine not approved in U.S. for Covid-19 treatment
India banned all exports of hydroxychloroquine, a malaria drug that President Donald Trump has repeatedly touted as a “game changer” in the fight against Covid-19.
Exports of the drug and its formulations are prohibited “without any exceptions” and with immediate effect, India’s Directorate General of Foreign Trade said in an April 4 order on its website. The trade regulator had last month restricted overseas shipments of the drug, allowing only limited exceptions such as on humanitarian grounds and for meeting prior commitments.
https://www.bloomberg.com/news/arti...ll-exports-of-trump-s-game-changer-virus-drug
cyvideo
Veteran
The argument put forward is. "If you are involved in a serious motor vehicle accident you will engage medical resources, such as ambulances and medics that are needed elsewhere. You also open up the possibility of exposing yourself, passengers and medical response crew and hospital emergency crew to possible Covid cross contamination. From either yourself to response personal or even possibly from response personnel to you."
The authorities here are just making sure there is no non essential movement going on. You cannot sunbathe on your own in a park or on a beach. If you are in public you must be on the move, moving from A to B sort of thing. Sitting isolated on a park bench eating a sandwich or having a coffee in now an absolute No. No. Stay well all!
'Tis all becoming a very different universe my friend!
Chris Young.
filmguy123
Veteran
Official guidance is now looking to become "wear a masK" as they think the virus may be transmitted airborne easier than initially suspected.
Does anyone know - can surface particles be disturbed and become airborne by handling?
Say for example handling a package (cardboard box) or a grocery store item (plastic bag of chips) that theortetically may be contaminated. Can the act of picking up the package and handling it disturb the surface particles, send them airborne, and then lead to inhalation?
Reason I ask: is the risk of handling items delivered to your home a matter only of touching surfaces without a need for a mask? Or is it advised to wear a mask when handling delivered items?
Does anyone know - can surface particles be disturbed and become airborne by handling?
Say for example handling a package (cardboard box) or a grocery store item (plastic bag of chips) that theortetically may be contaminated. Can the act of picking up the package and handling it disturb the surface particles, send them airborne, and then lead to inhalation?
Reason I ask: is the risk of handling items delivered to your home a matter only of touching surfaces without a need for a mask? Or is it advised to wear a mask when handling delivered items?
cyvideo
Veteran
The measures are tough and a pain in the butt and not very pleasant but I believe we are doing the right thing. Our viral spread numbers are dropping. AU is the first country in the world to get to 1% of the population tested as of today. Police are using random stops but primarily looking for people who appear to be openly flouting the lock down conditions. We now have the first drive through testing stations opening around certain metro areas. Also all our phone telcos have collaborated on a data base of cell phone movement. If people are diagnosed with Covid in a certain area they know from phone movement and phone proximity who was close to that source. It is based on cell tower and GPS positioning of phones close to a known source. The authorities can now contact people who were close informing them of the fact that they were known to be in the proximity of a source subject. If the authorities think your closeness was such that it could be a risk to you you can get called in for a test. Australia only has a population of 25 million so the whole control thing is a bit easier I guess. Today's news is another down trend day with less that fifty cases nationally. All becoming a bit Orwellian and Dystopian really. A couple of charts below will give you an idea of where we are headed.
Chris Young
groveChuck
U-matic Member
Impressive numbers, thanks for sharing.
Sounds like you've adapted? Do you think being an island continent helps?
Edit: I should've called it stringent, not draconian.
Sounds like you've adapted? Do you think being an island continent helps?
Edit: I should've called it stringent, not draconian.
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cyvideo
Veteran
Yes Australia is adapting to these as you say stringent conditions. Being a island is obviously a help in border control.
Ever since this country was a penal colony of the United Kingdom there has been a distrust of authority the law. Aussies have always had a general irreverent disdain for politicians. Australians are renowned for their attitude to government and authority. I'm not an Aussie. I'm an expat Brit who spent 17 years in India. Was never coming to this country. Was covering Vietnam war coverage in S.E. Asia in the late sixties and ran into irreverent Aussie cameraman who said when your tour is finished come on down for a while. I did... and I found this very refreshing country with an anti authority attitude. Work to live was the Aussie motto. Not live to work. Why do I recount this tale? Because for the first time in my life I see Aussies looking to their government and medical authorities for guidance and leadership. I would say 99.5% of the population have adapted and fallen in line for the general good. In spite of their disdain for authority they seem to know when the government has their back. Real old timers are saying the last time this feeling was about was in WWII when confronting a Japanese invasion. Stay well.
Chris Young
ahalpert
Major Contributor
India First, I guess. This is becoming every man for himself.
ahalpert
Major Contributor
I don't know for sure but I THINK that:
1. The virus particles (virions) are enveloped in a fatty envelope, so when they're present on a surface they're usually smeared on like grease. (Can anyone else confirm that?) So I THINK it would be hard to make them airborne...
2. I've heard it may be quite difficult to get a smear infection from handling surfaces as opposed to breathing in particles.
Then again, you can never be too careful... but personally I'm not wearing a mask for that.
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