Fear and Loathing, a Rat Flu Odyssey

[Art Shirk]

You're not wrong, but if everyone saved the way they should the economy would probably crumble. They depend on people spending every dollar available to "grow".

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It’s one big circle. Quota grows each year because growing businesses are viable businesses. Which is basically a pay cut if he doesn’t work harder. So he grinds, and his time off is trucks, atvs, snowmobiles, airstream, fishing and ski gear for him and his wife and 3 kids half on credit. He feeds the system, it grows which means it’s healthy. It’s all based on debt. He owes the company a sales number and the company rolls up all those sales numbers to forecast the growth necessary to sustain the stock price. And when the bad times come, the whole thing falls down.


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[Bunion 2020]

100% agree

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[Thurgood Jenkins]

Agent Smith was specifically speaking about the entrenched mgmt at Vail, Alterra, Jackson, et. al.

[Benny Profane]

That's the William Burroughs reference in that trilogy.

[glademaster]

Where is that bloated Clark Kent lookalike Inslee? He only likes to give press conferences and official updates in the middle of weekdays when nobody is around to hear it. How about a Saturday morning update for your citizens, ya fucking pussy? New York has still administered twice as many tests as California and Washington combined. Pathetic.

[Thurgood Jenkins]

I actually have a real emergency to deal with. I broke my $^&(% iPod earphones last night and I don't have a back up pair. Now that's an emergency! Everywhere is closed. #$%^&%$!

[Ski220]

Thank you. If there's one thing that's abundantly clear from the impact of this virus it's that our economy is fucking fragile. Notwithstanding that, I can't imagine the exposure to go to zero in a month. WTF?

WTF? Our economy is not just fragile, it's a PONZI SCHEME.

If you are old enough to have parents that went through the depression and WW2, you are probably secure. Everyone else has grown up in a flourishing economy and has never known hard times and depravity.

Do you have 2 - 3 years basic living expenses in cash or hard currency? If not
you are over leveraged.

I started delivering newspapers when I was in 4th grade for money. Got 2 dollars a week. Worked it up to $8 in a few years. Put $5 in the bank, kept $3 to spend. Rarely did. I've been frugal my whole life much to the derision of my friends. Has put me in a position where, while not rich, have zero debt and if I slum it, can go skiing for a large portion of the winter.

I feel for you, but everyone makes their own bed.

[shroom]

if you take the stock market away, what do you have?

business paying employees and themselves if they’re product/service is needed. what is the goal beyond that?

[Benny Profane]

Kids these days...

[Benny Profane]

if you take the stock market away, what do you have?

business paying employees and themselves if they’re product/service is needed. what is the goal beyond that?

The 12th century?

[4matic]

Everyone else has grown up in a flourishing economy and has never known hard times and depravity.
.

Late 70’s early 80’s were rough. Taming inflation was hard. Correct but hard. Too bad we squandered that austerity with greed and avarice

[Joey Joe Joe Junior Shabadoo]

I'm watching the financial apocalypse with a front row seat.

Don't old people and the sick die all the time?

Are we supposed to completely stop our economy? Hobbling it for months or years because of a virulent strain of the flu is kind of extreme. I've seen estimates that 30%-50% of small businesses may not reopen after all this shakes out.

I'm not trying to be a rotten bastard. But following the disastrous wars in the Middle East where we send thousands of troops to be killed/maimed for nothing, and NOW we're concerned about life. I don't buy it. Sorry guys.

Careful there buddy. You’re not supposed to ask those questions according to the cut-and-paste COVID experts on here. My brother’s a pulmonologist in Columbus OH and is making plans to live at the hospital if things get bad so he won’t expose his wife and kids. He’s been texting updates every day for the last 2 weeks and even he will tell you that 90% of what you hear is worst case scenarios based on unreliable data from countries quite different than ours in some fundamental ways. If I were you I wouldn’t even bother googling stats on all the other causes of death in this country that we just consider the cost doing business.


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[powdork]

if you take the stock market away, what do you have?

business paying employees and themselves if they’re product/service is needed. what is the goal beyond that?

no allocation of capital. no computers. no cell phones.
otoh, no airplanes or cruise ships. no coronavirus

[splat]

I'm watching the financial apocalypse with a front row seat.

Don't old people and the sick die all the time?

Are we supposed to completely stop our economy? Hobbling it for months or years because of a virulent strain of the flu is kind of extreme. I've seen estimates that 30%-50% of small businesses may not reopen after all this shakes out.

I'm not trying to be a rotten bastard. But following the disastrous wars in the Middle East where we send thousands of troops to be killed/maimed for nothing, and NOW we're concerned about life. I don't buy it. Sorry guys.

Would you feel any different if it targeted your specific personality type, specifically targeting people who live on the edge of a financial razor blade? It already has a 40% rate of killing people in your age group. How about if it targeted people who whine about not be able to let it kill other people? How about if a vigilante force was formed to murder people who say what you say - and their entire familes? You selfish fuck.

But you're too chickenshit to go downtown and rob a bank, the cathedral of your religion, shooting and killing anyone who gets in your way so you can pay the bills on your toys? Oh, so it's easy to prescribe death for anyone - as long as it ain't you. When the shit breaks loose, I hope you end up looking down the barrel of your own thoughts for others.

[4matic]

But even he will tell you that 90% of what you hear is worst case scenarios]

Plan for the worst. Hope for the best is a sound strategy.

[liv2ski]

Late 70’s early 80’s were rough. Taming inflation was hard. Correct but hard. Too bad we squandered that austerity with greed and avarice

100% agree with you. Jimmy C tried to get us on a sunstainable path and the voters gave us Ronnie Rat Gun. Since then deficits don't matter and now look at this country.

[shroom]

we don’t need to bet on the future in order to function today

[TBS]

Well to be fair, it was the single biggest one day increase in the stock market in history based solely on trump's leadership. Even Ilhan Omar has now praised Trump's response.

Maybe you are just wrong in your TDS outrage?

Dow is down what 45% since January? The one day increase is an example of “The Dead Cat Bounce”.

Or maybe that was a day that Trump didn’t say anything. Seems like every time he opens his mouth the equities markets take a major shit. MAGA!

[Benny Profane]

Dow is down what 45% since January? The one day increase is an example of “The Dead Cat Bounce”.

Or maybe that was a day that Trump didn’t say anything. Seems like every time he opens his mouth the equities markets take a major shit. MAGA!

It's almost 35% since late February. And that thousand point jump happened while he was doing the Rose Garden press conference a week ago. I watched it happen, it was right before the close that day, so the bots had a party among themselves , I guess. He took it personally, which I guess was his right, along with forcing Powell to zero out rates. Both are just memories now. He only has false hope for some sort of drug to talk about now.

[huckbucket]

WTF? Our economy is not just fragile, it's a PONZI SCHEME.

If you are old enough to have parents that went through the depression and WW2, you are probably secure. Everyone else has grown up in a flourishing economy and has never known hard times and depravity.

Do you have 2 - 3 years basic living expenses in cash or hard currency? If not
you are over leveraged.

I started delivering newspapers when I was in 4th grade for money. Got 2 dollars a week. Worked it up to $8 in a few years. Put $5 in the bank, kept $3 to spend. Rarely did. I've been frugal my whole life much to the derision of my friends. Has put me in a position where, while not rich, have zero debt and if I slum it, can go skiing for a large portion of the winter.

I feel for you, but everyone makes their own bed.

Don't worry about me man ... I'm good.

[huckbucket]

Big bummer, but the early French chloroquine data has bigger holes than we originally thought.

https://twitter.com/GaetanBurgio/sta...16107584712704

[Lone Star]

Here's what happens when you just display data points of p<=.002:

[Ski220]

Late 70’s early 80’s were rough.

Huh ????????
By what measure? The last 20 year period?

The 30's and 40's were rough. Look at the average houses that were built in the 50'sand 60's. That will give you some correct perspective. Small, capes and ranches for the most part. Now the average house is probably 3k sq. ft. I am guessing. No research involved, but looking at that metric will probably give you an idea about relative wealth.

[splat]

[cdlv]

Every since 2007/08 I have lived frugally.

That was a clear lesson and most people didn't learn from it.

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