Warriors to play without fans in crowd following San Francisco order

Re:Warriors to play without fans in crowd following San Fran... by munk-a on Wednesday March 11, 2020 @03:21PM (#22549428)

I mean, in theory, this would be a really good reason to go into deficit spending - this was unforeseeable, unnatural and preventing long term economic damage is in all of our interests - in actuality the US is too big to sanely manage such compensations and, given the current uncollectability and extreme size of the US deficit we probably don't want to try and draw any attention to it during a national crisis.

All those economic stimuluses that got dumped into stock buy backs came out of the fund that should be there to cover our asses right now.

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Re:Warriors to play without fans in crowd following San Fran... by freehunter on Wednesday March 11, 2020 @03:50PM (#22549777)

Yup, that’s why many economists have been saying that during a good economy like we’ve had for the past ten years, we should have used the opportunity to rebuild the economic tools we rely on in case of an emergency. Instead we cut taxes and cut interest rates, so now there’s no room in the economy to recover this time.

It could end up being nothing... or it could end up being the worst economic crisis we’ve ever seen. And if it’s the latter, we have no way to defend against it. The coffers are empty.

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Re:Warriors to play without fans in crowd following San Fran... by munk-a on Wednesday March 11, 2020 @04:05PM (#22549889)

In fact, a lot of sane and balanced economists are saying that, while the corona virus certainly incited the latest market downturn, that downturn is going to continue since the market has been highly over-valued recently. So yea, I am concerned and not putting anything into the market right now.

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