Virus Schmirus

[Bil522]

Economy is expected to rock Q3. Looks like the Chicken Little Dem Lockdowns can't even keep this economy in check.

https://www.politico.com/news/2020/05/2 ... ats-281470

Yes but the debt we are incurring from this pandemic is staggering. Sure, it props things up for now but it will soon be an anchor.

[D-train]

Very bad news for the lockdown lovers....

https://twitter.com/Softykjr/status/1265477190008758272

[gil]

My God, man, is there such a thing as a "lockdown lover"? Other than that song, I mean.

I really hope that Jason Furman is correct about the sharp recovery. He appears to be somewhat of an outlier though. 538 published the results of a survey of 31 macroeconomists. On average, they see the recovery being slower. https://fivethirtyeight.com/features/do ... ake-years/

[D-train]

My God, man, is there such a thing as a "lockdown lover"? Other than that song, I mean.

I really hope that Jason Furman is correct about the sharp recovery. He appears to be somewhat of an outlier though. 538 published the results of a survey of 31 macroeconomists. On average, they see the recovery being slower. https://fivethirtyeight.com/features/do ... ake-years/

The Nasdaq is less than 5% from it all time high. I wonder how many of those macro economists are of Paul Krugman's ilk.

[D-train]

So all 31 are academics. Probably brothers and sisters of the health officials that predicted a million deaths.

We wanted to get a sense of what the experts were thinking. So we partnered with the Initiative on Global Markets, a research center at the University of Chicago Booth School of Business, to survey a group of quantitative macroeconomic researchers who work in academic settings about the trajectory of the economic crisis.

[Double Mocha Man]

I remember some article from somewhere that was about other articles that were crying about "If only I had invested X-dollars in Y-company I'd be loaded", but the twist is if the author had invested money at the time of their article it still would have been an amazing investment.

Lots of people in the mid 90s wished they had invested in Microsoft, but would have still done amazing if they invested in the mid 90s when they were lamenting not getting in back at the beginning.

Anyway... There are stocks available now in 2020 that, in 2040, we'll look back and wish we had invested in. And some of those are stocks that we think we've already missed out on, but we haven't by a long shot.

Great point. D-train Inc. is a good example. If you all send me $10k you will be very wealthy in 20 years.

Check's in the mail...

[Millikin]

My God, man, is there such a thing as a "lockdown lover"? Other than that song, I mean.

I really hope that Jason Furman is correct about the sharp recovery. He appears to be somewhat of an outlier though. 538 published the results of a survey of 31 macroeconomists. On average, they see the recovery being slower. https://fivethirtyeight.com/features/do ... ake-years/

Lots of people are absolutely loving this, even as they complain about it.
-Lots of people have a great government mandated reason to work from home, or to be unemployed (and paid handsomely... See next point)
-Others probably enjoy the possible political ramifications. You wanted socialism to come faster? Congratulations. Maybe hurts Trump... Also keeps Biden from making as many embarrassing campaign gaffs.
-Many are just sheep and are happy being told what to do, it makes them feel safe. Plus there's some nauseating communal aspect to the whole situation.
-Maybe everyone, to some extent, wants to live in interesting/important times. So we all have some reason to take this all very seriously, whether you're taking the pandemic itself really seriously, or like me you're taking the overblown response very seriously.
-Then there's the HOA-president type of person that just loves rules and "helping" everyone follow the rules (see psychopaths yelling at people in stores for not wearing masks). This is like the Super Bowl for busybodies.

[gil]

My God, man, is there such a thing as a "lockdown lover"? Other than that song, I mean.

I really hope that Jason Furman is correct about the sharp recovery. He appears to be somewhat of an outlier though. 538 published the results of a survey of 31 macroeconomists. On average, they see the recovery being slower. https://fivethirtyeight.com/features/do ... ake-years/

Lots of people are absolutely loving this, even as they complain about it.
-Lots of people have a great government mandated reason to work from home, or to be unemployed (and paid handsomely... See next point)
-Others probably enjoy the possible political ramifications. You wanted socialism to come faster? Congratulations. Maybe hurts Trump... Also keeps Biden from making as many embarrassing campaign gaffs.
-Many are just sheep and are happy being told what to do, it makes them feel safe. Plus there's some nauseating communal aspect to the whole situation.
-Maybe everyone, to some extent, wants to live in interesting/important times. So we all have some reason to take this all very seriously, whether you're taking the pandemic itself really seriously, or like me you're taking the overblown response very seriously.
-Then there's the HOA-president type of person that just loves rules and "helping" everyone follow the rules (see psychopaths yelling at people in stores for not wearing masks). This is like the Super Bowl for busybodies.

These are good points, thanks. Actually, I'd add that there are some private sector managers (this is anecdotal: they are friends and professional colleagues) who are seeing people working from home pretty effectively and thinking, why do we need to rent all this expensive office space? And why should everyone have to drive downtown or to Redmond or wherever? One more point I'd like to make is that a lot of what has happened regarding working at home happened without any government orders (e.g., Microsoft, Amazon).

And I'll happily be told that it is safe and there is nothing to worry about, and I'll go back to normal ... like the sheep I am.

[D-train]

My God, man, is there such a thing as a "lockdown lover"? Other than that song, I mean.

I really hope that Jason Furman is correct about the sharp recovery. He appears to be somewhat of an outlier though. 538 published the results of a survey of 31 macroeconomists. On average, they see the recovery being slower. https://fivethirtyeight.com/features/do ... ake-years/

Lots of people are absolutely loving this, even as they complain about it.
-Lots of people have a great government mandated reason to work from home, or to be unemployed (and paid handsomely... See next point)
-Others probably enjoy the possible political ramifications. You wanted socialism to come faster? Congratulations. Maybe hurts Trump... Also keeps Biden from making as many embarrassing campaign gaffs.
-Many are just sheep and are happy being told what to do, it makes them feel safe. Plus there's some nauseating communal aspect to the whole situation.
-Maybe everyone, to some extent, wants to live in interesting/important times. So we all have some reason to take this all very seriously, whether you're taking the pandemic itself really seriously, or like me you're taking the overblown response very seriously.
-Then there's the HOA-president type of person that just loves rules and "helping" everyone follow the rules (see psychopaths yelling at people in stores for not wearing masks). This is like the Super Bowl for busybodies.

Great post my friend!

[bpj]

My God, man, is there such a thing as a "lockdown lover"? Other than that song, I mean.

I really hope that Jason Furman is correct about the sharp recovery. He appears to be somewhat of an outlier though. 538 published the results of a survey of 31 macroeconomists. On average, they see the recovery being slower. https://fivethirtyeight.com/features/do ... ake-years/

Lots of people are absolutely loving this, even as they complain about it.
-Lots of people have a great government mandated reason to work from home, or to be unemployed (and paid handsomely... See next point)
-Others probably enjoy the possible political ramifications. You wanted socialism to come faster? Congratulations. Maybe hurts Trump... Also keeps Biden from making as many embarrassing campaign gaffs.
-Many are just sheep and are happy being told what to do, it makes them feel safe. Plus there's some nauseating communal aspect to the whole situation.
-Maybe everyone, to some extent, wants to live in interesting/important times. So we all have some reason to take this all very seriously, whether you're taking the pandemic itself really seriously, or like me you're taking the overblown response very seriously.
-Then there's the HOA-president type of person that just loves rules and "helping" everyone follow the rules (see psychopaths yelling at people in stores for not wearing masks). This is like the Super Bowl for busybodies.

The "HOA-president type" is why we'll always have cops with knees on peoples throats or that will enforce rules that are contrary to our basic freedoms granted by the Bill of Rights or the Constitution.

People don't blame Home Owners Associations across the country for a power-tripping Karen manager, but it's the entire big bad police department when theres a rotten egg cop??

Gtfo of here with that. More social engineering by Soros.

Antifa, BLM, commies.