patrick.net

SunnyvaleCA says

CovfefeButDeadly says

There’s literally no actual shortage of food. All the major retailers and grocers are hiring people on the spot in order to be able to stock shelves.

The vast majority of morbidly-obese don't stock up on 500 bags of potato chips. They don't plan far in advance. In fact, not planning in advance is part of their overall problems in many cases and what, for example, leads them to rush out and binge on convience junk food.

If stores do close down — which is why people are buying carbohydrates and protein that store well — then they won't be eating. If they also ran with the crowd and stockpiled rice and beans, then they'll automatically be eating healthier foods. I also don't know anyone who is morbidly obese that cooks for themselves, and without the convenience aspect, they'll be eating much less.

Except there’s no actual shortage of supply. None whatsoever. Maybe an item here or there, but no one is missing meals. This is why Costco and every major provider of groceries is hiring left and right. They need enough employees to transport product and stock shelves and check people out.

The loonies buying out stuff and hoarding are only making life difficult for seniors and poor people who may not have the ability to drive around to several different stores. But realistically, no ones missing meals.

If I’m not being clear enough, people that are panic buying and hoarding in this moment are doing so without factual basis and without logical thought process. Your assertion that you hope the power and water stays on falls into this category. You have no Factual basis for even asking such questions. It’s purely emotional response on your part. You have absolutely zero basis for suggesting stores will close and by extension that people will starve.

Tim Aurora says

Problem is that you do not understand exponential growth of pandemic. Here is a quiz- A single lily is the pond spawn a new lily every day and each spawned lily also gets to spawn a new lily everyday. It takes the 100 days to fill the whole pond. So how many days does it take to fill approximately 6-7% of the pond.

The Flu, Common Cold, etc spread this way every year. So far, this is basically H1N1 all over again, except it's respiratory and bad for the old folks and those with heart disease and lung issues.

Expect the death rate to collapse even further, and right now it barely effects anybody under 20, and very few under 50.

@Booger,
last one is epic! thanks

From the article: "Losses have been swift, catching even the pros off guard."
So, even "the pros" didn't see that Trump was doing anything wrong. i.e.: Trump was at least doing as good a job as "the pros" would do.

The article cites the DJIA, which isn't a great index of anything. It's just hand-picking a narrow index to spin a narrative.

Let's try the same thing with the much broader S&P 500...
Current price is 2398. On Oct 31, 2016 it was 2085. On Jan 23, 2016 it was 2271. So we're looking at gains of 15% and 5% respectively. Don't forget to also add in about 7% of dividends (using average dividend yield for all S&P 500 stocks).

Also, now that the gamblers are giving Biden a slight edge in the elections (over Trump), some part of this crash might be related to who will be president next year. It's true that the S&P 500 experienced a huge surge in 2019 that was directly proportional to Chief Warren's falling out of favor. I can cherry-pick stats and bogus correlations with the best of 'em!

OK, then no foreign nationals should work in biotech or pharmaceuticals at all.

Seriously.

NASA does not allow any foreign workers already.

And it should be damn difficult to get US citizenship to check for plants by China.

CovfefeButDeadly says

Your assertion that you hope the power and water stays on falls into this category.

Actually, the power goes out around here even just when the wind blows. :-). Also, when the power goes out at home, I often go to work. That's no longer an option. (Fortunately, it's not life-threatening, either.) Also, you might be shocked at how many people are incapable of opening their garage door when the power is out.

As for food, there's this: https://www.eater.com/2020/3/9/21170472/coronavirus-school-closures-free-reduced-priced-lunch-student-meals

But, so far, you are absolutely correct. There's no shortage of food, and hoarding is completely unnecessary with the exception that if I buy a bit more than usual it means I don't have to go to the store weekly. Hey: How well do those gallon jugs of milk freeze?

Eric Weinstein has been beating this drum for a while from the labor side of things...
www.youtube.com/embed/BGwZe_ORTiE

Tim Aurora says

HeadSet says

COVID-19 that so far seems only deadly to the old and severely lung compromised?

Older Americans are still at greater risk of death from the new COVID-19 coronavirus, but 38 percent of the U.S. patients known to have been hospitalized for COVID-19 were between age 20 and 54, and nearly half of those admitted to the intensive care unit were adults under 65, the Centers for Disease Control and Prevention reported Wednesday.

https://news.yahoo.com/nearly-half-u-coronavirus-patients-063434940.html

Just found out there was a case of this where my neighbor works. A college... Last day the infected person worked was March 4th. So this likely has spread all over my area for sure.

I'd guess 80% of people have been exposed at this point. I know more testing increases the numbers, but if you're feeling fine and have been with groups or to an event you've most certainly been exposed. DON'T go to nursing homes and stay away from the parents. And tell those people to not leave and offer assistance to get them stuff or they'll die.

This isn't difficult. Can stop with the hype at aaaaaaaaaaaany point.

Tenpoundbass says

lol no but I assume most Americans won't be paying 2019 taxes for a long time if they owe.

The timing is pretty suspicious.

Real news or fake?

Pelosi has made her entire fortune with illegal - unless you're a politician - insider trading. What else is new? Yes they should resign.

You do know that Congress long ago has exempted itself from any insider trading rules. Such laws do not apply to them.

HeadSet says

You do know that Congress long ago has exempted itself from any insider trading rules. Such laws do not apply to them.

A few years back when that news was trending they unexempted themselves for a couple of months. When the news died down they exempted themselves again.

Diana Feinstein is not a conservative. She’s listed too.

https://www.foxnews.com/politics/dianne-feinstein-3-senate-colleagues-sold-off-stocks-before-coronavirus-crash-reports

Sure, all of this is proof Trump was right all along.

Dependency on China is bad for everyone except executives who get massive bonuses for putting millions of Americans out of work.

Consumers benefited from cheap shit made by Chinese slave labor with no pollution controls, but now the bill is due.