Crash worse than Covid?

[Lower West Stander]

It's a very difficult line to take right now that the panic over this will be far more devastating than the virus, but I have got a feeling that in a few weeks this will start to shift. I am extremely concerned that the tone of news reporting, the contextualising of this event (or lack of) and conflicting motivations within the media has been a contributing factor to our current dilemma that is not fully appreciated and addressed right now, or even questioned.

Totally agree with you.

I work in a front office in the City and peak fear always overshoots. The discussions now are all about when to go back in. It’s easy to forget the GFC and how bad that was. There’s far less leverage now than there was then and bank balance sheets are far stronger.

Markets have already tanked 30% and may go lower but this is a demand issue and I think we’re likely to see a sharp pop back when top lines stabilise. We won’t go back to where we were before but it’s surprising how things recover from shocks like this.

And like you, I’m worried about the lack of scrutiny on how this is reported in the media. There are no checks and balances on what they say or how they are regulated.


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[dazzer6666]

I agree with you about the financial consequences of all this... Measures are unprecedented in anybody's lifetime. .. However when you say

"Why aren't we rightly isolating the at risk and elderly until we can protect them and everyone else carry on as normal. Yes we will get a bad flu type illness, then if you have to go home for a few days rather than shut the economy down."

I am reading that nearly 40%of USAs hospitalized patients are aged 20 to 54.

Younger people are not invincible and they can pass it on...

38% 54 and under, 20% under 44


https://nypost.com/2020/03/19/people-under-44-make-up-20-of-hospitalized-coronavirus-patients-cdc/

 

[The Spanish]

38% 54 and under, 20% under 44


https://nypost.com/2020/03/19/people-under-44-make-up-20-of-hospitalized-coronavirus-patients-cdc/

That article could be viewed as opaque. You could certainly question the first paragraph

One in five coronavirus patients hospitalized in the US is under the age of 44, according to a new federal report — proving that even young Americans can face serious health outcomes if the virus is not contained.

Does it? All it 'proves' is this proportion were hospitalised, it does not prove if the health outcome was 'serious'.

I would ask what the definition of hospitalised is? Did these people present themselves and were diagnosed and sent home, or admitted and/or required treatment?


I am really not trying to diminish this issue but this really is a time for clarity and responsibility from our news outlets - if governments can shelve VAT, then media outlets can certainly temporarily halt some of their reporting styles and habits, perhaps.

 

[beorhthelm]

At a slight tangent I’d like to see some of these zero hours contract employers wiped out by the virus, not bailed out by us.

please have a longer think about it that.

 

[Prettyboyshaw]

That article could be viewed as opaque. You could certainly question the first paragraph

One in five coronavirus patients hospitalized in the US is under the age of 44, according to a new federal report — proving that even young Americans can face serious health outcomes if the virus is not contained.

Does it? All it 'proves' is this proportion were hospitalised, it does not prove if the health outcome was 'serious'.

I would ask what the definition of hospitalised is? Did these people present themselves and were diagnosed and sent home, or admitted and/or required treatment?


I am really not trying to diminish this issue but this really is a time for clarity and responsibility from our news outlets - if governments can shelve VAT, then media outlets can certainly temporarily halt some of their reporting styles and habits, perhaps.

Totally agree, we need the truth not the medias version of it hyping up the masses that believe anything that tabloids or drama seeking news outlets spout out.

Interview this week with an old women in her front room talking on the phone to a reporter in her garden making out she is caged. Surely them standing at the bottom of her path with her at the door would have not endangered poor Agnes but that wouldn't have been so dramatic.

Haven't heard any such tales of 50 40 or even 10% of under 60's being hospitalised so as said earlier protect the at risk and the rest of us should get on with it and not let a far bigger problem develope.

 

[Albion Dan]

This is a very interesting and plausible view of the issue imo.


https://youtu.be/xbEHEzEEHJ8

 

[BN41Albion]

This is showing what most knew about the country, its infested with drama queens, work dodgers and selfish c * nts that think their arse has a right to be wiped more than others.

I love how some people are moaning about the measures we've brought in being something to do with the way people in this country are and act, when literally every country in the world that's been hit as we are now have acted in a similar manner, many with far more draconian measures.

 

[BN41Albion]

At a slight tangent I’d like to see some of these zero hours contract employers wiped out by the virus, not bailed out by us.

Christ.

 

[East Staffs Gull]

Christ.

As in I’d like some of them to go out of business and be replaced with employers who guarantee hours.

 

[BN41Albion]

As in I’d like some of them to go out of business and be replaced with employers who guarantee hours.

Ah OK, sounds slightly less harsh

 

[Prettyboyshaw]

I love how some people are moaning about the measures we've brought in being something to do with the way people in this country are and act, when literally every country in the world that's been hit as we are now have acted in a similar manner, many with far more draconian measures.

Answer the simple question why don't the non vulnerable continue as normal and the at risk be looked after and shielded from it as much as possible. If the majority will get it like a bad bout of flu surely its better we keep business running so when we have a vaccine, the world isn't in financial armageddon.

 

[BN41Albion]

Answer the simple question why don't the non vulnerable continue as normal and the at risk be looked after and shielded from it as much as possible. If the majority will get it like a bad bout of flu surely its better we keep business running so when we have a vaccine, the world isn't in financial armageddon.

I don't know, I'm not a scientist, but considering the route we're taking is following, or close to following, that of every other country in the world, I'll trust the WHO and other specialist scientists. What it doesn't show is that 'this country is infected with drama queens, work dodgers and selfish cvnts', as you put it, no more than any other country anyway, and especially considering 99.99% of us haven't had any input into the decision making.

 

[Prettyboyshaw]

I don't know, I'm not a scientist, but considering the route we're taking is following, or close to following, that of every other country in the world, I'll trust the WHO and other specialist scientists. What it doesn't show is that 'this country is infected with drama queens, work dodgers and selfish cvnts', as you put it, no more than any other country anyway, and especially considering 99.99% of us haven't had any input into the decision making.

Okay, you don't know, that's fine it was a thread for discussion.

I would now like to discuss your comments about it 'doesn't show the country....'. Do you not think the press, media and social networking addicts over hype, whip up and love all the drama'.

Are you seriously suggesting lots of people haven't self isolated for no reason and are milking the situation, some pr i ck on here last week was posting what to do with his 14 days paid holiday.

And finally, no mention of the wa n kers that have basically empty the shelves without any care about anyone else. The ones that couldn't give a fuc k about society because they are lazy dumb, selfish and have the time to queue up because they don't work or are self isolating because their cat has asthma.

 

[NorthstandRacoon]

Depends on how you value money and life I suppose. The virus should come and go within 18 months the devasation of the worldwide economy will be felt for decades. I do feel however this is a defining moment for mankind, a reality check it cannot continue as it is which in the longer term may be the best thing to come of it and might bring people and nations closer together, who knows ? We can only hope

This. It could be the best thing for us, in a weird way.

 

[Swansman]

1. Virus starts in China
2. Turns into pandemic, stock markets crash
3. China magically becomes virus free and will probably be "the winner" economically
4. At some point, pandemic ends. "We need investments from China to rebuild economy!"
5. China buys Western world

Eyebrow raiser for me.

 

[jonny.rainbow]

1. Virus starts in China
2. Turns into pandemic, stock markets crash
3. China magically becomes virus free and will probably be "the winner" economically
4. At some point, pandemic ends. "We need investments from China to rebuild economy!"
5. China buys Western world

Eyebrow raiser for me.

Hi Donald,

How are you? Had enough covfefe this morning?

 

[Justice]

Answer the simple question why don't the non vulnerable continue as normal and the at risk be looked after and shielded from it as much as possible. If the majority will get it like a bad bout of flu surely its better we keep business running so when we have a vaccine, the world isn't in financial armageddon.

Knowing a young lad who has the disease I can confirm it’s nothing like a bout of flu, he’s due to be admitted in hospital today and is in a really bad way. People have to stop saying covid 19 is the flu.

 

[Seagull27]

This is a very interesting and plausible view of the issue imo.


https://youtu.be/xbEHEzEEHJ8

I just gave this a watch and I'm sorry, but it's not plausible, it's utter rubbish.

Firstly, it's ridiculous to compare the number of deaths per year of flu and coronavirus, when coronavirus is new and is not (yet) widely spread throughout the community. You could only make that comparison in about a years' time, if the virus had been left to spread. Hopefully it won't. Also, there are many different types of flu that contribute towards those numbers, and only one type of this coronavirus.

Secondly, do you really think our current government would want to reduce the number of elderly people in the country when that's their core voter base? They've just been elected by a huge majority and if they don't do anything majorly wrong, will almost certainly be voted in again in 5 years. However, lose that population and they could be in trouble.

He then starts to completely lose it at the end, suggesting the reason for the government reaction is so they can introduce compulsory vaccination (why?!), enforce a cashless society (will happen anyway), or manufacture an economic crash that can't be blamed on the banks (eh?! Why would the government want that?). And that taxes will go up after all this - well yes they will, but that's hardly a conspiracy as that money will just go back into the country to pay for everything they're currently spending on i.e. ensuring small businesses can continue and that wages get paid.

Oh and here's a conspiracy for you - at the end he directs viewers to go to his website to read more. Where he just happens to mention you can buy his books. Hmm...

I've just looked some of those books up. He's written books titled:
"Vaccines are dangerous - and don't work",
"Dementia Myth: Most Patient with Dementia Are Curable",
"Do Doctors And Nurses Kill More People Than Cancer?"
and "Is Your Health Written in the Stars?", where he argues the scientific evidence for a link between astrology and your health...

He's also quoted as saying that he sees all voters who wanted the UK to be a part of the European Union as neo-Nazis.

The guy is clearly a fruitloop and a serial conspiracy theorist. Don't be fooled by his qualification, he sounds like a dangerous idiot to me.

 

[Swansman]

Hi Donald,

How are you? Had enough covfefe this morning?

Weird comparison. Trump has never insinuated that this could be a bio-weapon.

 

[BN41Albion]

Okay, you don't know, that's fine it was a thread for discussion.

I would now like to discuss your comments about it 'doesn't show the country....'. Do you not think the press, media and social networking addicts over hype, whip up and love all the drama'.

Are you seriously suggesting lots of people haven't self isolated for no reason and are milking the situation, some pr i ck on here last week was posting what to do with his 14 days paid holiday.

And finally, no mention of the wa n kers that have basically empty the shelves without any care about anyone else. The ones that couldn't give a fuc k about society because they are lazy dumb, selfish and have the time to queue up because they don't work or are self isolating because their cat has asthma.

OK, I get your point. Unfortunately all the points you make are pretty much valid worldwide too, though, and really not limited to this country. I think what it shows also is that there is and always will be a certain, small, percentage of the human race who are completely selfish and lack reasoning and human decency. But, you could flip it and look at the incredible amount of heartwarming stories that have and will continue to emerge from this country and worldwide, which shows that actually the vast majority of people are still decent folk.

As for the media, well yeah I don't like the hype around it, but it is killing a lot of people, yes mainly with underlying conditions, but still. And this is unprecedented in our lifetimes, so of course the media are going to lap it up.