30 million unemployed before people are talking of opening things up. Poverty is inexorably linked to the health of its citizens.
We were in a huge bubble that was going to pop, and pop hard anyway. Total market cap to GDP was, and still is, well over a sustainable level. At least according to Warren Buffet's opinion on the most reliable indicator, which puts it at about 50% higher than last year's GDP. Then there is also the aspect of the positive impact the measures put in place have had, economically. www.forbes.com/.../
Certainly there are things with which I take issue. To your point about ER censuses being low - yes, there are things that I personally think could have been managed better. I don't think that closing up all activities to keep ER's vacant in parts of hte country largely unaffected was a good call. But, then again, I am inclined to think that it was done with the assumption that PPE would be redistributed to where it was needed, rather than hoarded like TP in late March. The flip side of this is that had no action been taken, the whole country may look like New York, where COVID has so far killed 0.13% of the population (which would extrapolate to 450,000 nationwide).
I don't disagree with your point. Just pointing out that all the actions were intended to be a balancing act.
Problem is this:
scontent-atl3-1.xx.fbcdn.net/.../93658621_10160926997463084_464356548190142464_o.jpg
30 million unemployed before people are talking of opening things up. Poverty is inexorably linked to the health of its citizens.
We were in a huge bubble that was going to pop, and pop hard anyway. Total market cap to GDP was, and still is, well over a sustainable level. At least according to Warren Buffet's opinion on the most reliable indicator, which puts it at about 50% higher than last year's GDP. Then there is also the aspect of the positive impact the measures put in place have had, economically. www.forbes.com/.../
Certainly there are things with which I take issue. To your point about ER censuses being low - yes, there are things that I personally think could have been managed better. I don't think that closing up all activities to keep ER's vacant in parts of hte country largely unaffected was a good call. But, then again, I am inclined to think that it was done with the assumption that PPE would be redistributed to where it was needed, rather than hoarded like TP in late March. The flip side of this is that had no action been taken, the whole country may look like New York, where COVID has so far killed 0.13% of the population (which would extrapolate to 450,000 nationwide).
I don't disagree with your point. Just pointing out that all the actions were intended to be a balancing act.
Problem is this:
scontent-atl3-1.xx.fbcdn.net/.../93658621_10160926997463084_464356548190142464_o.jpg
