Re:Bank of America: 58,000 small businesses ask for $6B in l...
by ahelwer on Friday April 03, 2020 @04:59PM
(#22773899)
It is impossible to reopen without Taiwan-style temperature checks & mask requirements outside buildings, contact tracing, large-scale testing, and quarantine enforced by penalty of law (with corresponding support systems - get the police to do something useful and bring people groceries). Anything else and we'll be right back in lockdown inside of a month.
Re:Bank of America: 58,000 small businesses ask for $6B in l...
by meddlepal on Friday April 03, 2020 @05:48PM
(#22774258)
Then this is all pointless because it will take years to retrofit everything with that level of testing and tracing and make it useful in some way as well as enforcing isolation. We might as well open up and suffer the consequences until we have herd immunity even if that means a lot of deaths.
Re:Bank of America: 58,000 small businesses ask for $6B in l...
by ahelwer on Friday April 03, 2020 @06:19PM
(#22774485)
It doesn't sound like a particularly tall order to me. Also, the alternative isn't opening up - which is utterly psychopathic and would kill millions - but continue in lockdown until a vaccine is developed within two years.
Re:Bank of America: 58,000 small businesses ask for $6B in l...
by IAmGraydon on Friday April 03, 2020 @05:20PM
(#22774050)
You’re forgetting the possibility that a large percentage of the US population is already infected and asymptomatic, in which case the shutdown was ineffective in the first place.
Re:Bank of America: 58,000 small businesses ask for $6B in l...
by macintux on Friday April 03, 2020 @05:46PM
(#22774244)
We can’t act on that possibility without data.
Re:Bank of America: 58,000 small businesses ask for $6B in l...
by rayuela on Friday April 03, 2020 @06:52PM
(#22774705)
That's why we should be conducting random tests on samplings of the populations. This would be a statistics problem.
Re:Bank of America: 58,000 small businesses ask for $6B in l...
by macintux on Friday April 03, 2020 @07:42PM
(#22774983)
I absolutely agree, but we’re currently SOL.
Re:Bank of America: 58,000 small businesses ask for $6B in l...
by chrisco255 on Saturday April 04, 2020 @02:47AM
(#22776672)
No, Wall Street will not do fine. There's real risk of a great depression and a series of bankruptcies and massive layoffs.
Re:Bank of America: 58,000 small businesses ask for $6B in l...
by vearwhershuh on Saturday April 04, 2020 @10:48AM
(#22778520)
Wall street, elite wall street, is licking its chops right now. They have direct access to the virtual printing press, and can manufacture money (debt) whenever they want. The more distressed properties become, the better for them.
Individual investors and low level financial industry employees will be hit hard, but that's not who I'm talking about.
In either case, "Wall street" will do fine, in case (a), "Main street" gets extra dead.
(time spans are made up, but the idea that a relapse would be longer I think is solid)