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Working From Home - Impacts of Coronavirus

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coppice:

--- Quote from: paulca on July 10, 2020, 05:05:27 pm ---What is troubling me right now is "They think it's all over".  The UK is dropping quarantine for travellers, relaxing lock down even more.  Northern Ireland had it under control, but they too are relaxing traveller quarantine.

However globally the virus is accelerating not dropping.  It will not end well.

We went into lock down when there was 20k new cases per day.  Now there are 200k and we open the borders and tell people to come on in and mix, go to the pub have parties.

--- End quote ---
I think the policy is to maximise the economic damage with a lock down, and then maximise the number of elderly cleared out of care homes to reduce the bills and cover the cost of the economic damage.

paulca:

--- Quote from: coppice on July 10, 2020, 05:12:25 pm ---I think the policy is to maximise the economic damage with a lock down, and then maximise the number of elderly cleared out of care homes to reduce the bills and cover the cost of the economic damage.

--- End quote ---

The banks are not suffering economic damage a lot of them are reporting extremely high profits this quarter.

coppice:

--- Quote from: paulca on July 10, 2020, 05:25:52 pm ---
--- Quote from: coppice on July 10, 2020, 05:12:25 pm ---I think the policy is to maximise the economic damage with a lock down, and then maximise the number of elderly cleared out of care homes to reduce the bills and cover the cost of the economic damage.

--- End quote ---
The banks are not suffering economic damage a lot of them are reporting extremely high profits this quarter.

--- End quote ---
The banks are an exception - aren't they usually? They had a government mandated scheme to make extra profits during the shutdown, squeezing businesses on survival loans.

paulca:

--- Quote from: coppice on July 10, 2020, 06:23:23 pm ---
--- Quote from: paulca on July 10, 2020, 05:25:52 pm ---
--- Quote from: coppice on July 10, 2020, 05:12:25 pm ---I think the policy is to maximise the economic damage with a lock down, and then maximise the number of elderly cleared out of care homes to reduce the bills and cover the cost of the economic damage.

--- End quote ---
The banks are not suffering economic damage a lot of them are reporting extremely high profits this quarter.

--- End quote ---
The banks are an exception - aren't they usually? They had a government mandated scheme to make extra profits during the shutdown, squeezing businesses on survival loans.

--- End quote ---

It's not that.  Unrest causes market instability.  Market instability makes traders profit.  Traders trade through and with investment banks.  It's basically vulture capitalism.

SilverSolder:

--- Quote from: coppice on July 10, 2020, 05:12:25 pm ---
--- Quote from: paulca on July 10, 2020, 05:05:27 pm ---What is troubling me right now is "They think it's all over".  The UK is dropping quarantine for travellers, relaxing lock down even more.  Northern Ireland had it under control, but they too are relaxing traveller quarantine.

However globally the virus is accelerating not dropping.  It will not end well.

We went into lock down when there was 20k new cases per day.  Now there are 200k and we open the borders and tell people to come on in and mix, go to the pub have parties.

--- End quote ---
I think the policy is to maximise the economic damage with a lock down, and then maximise the number of elderly cleared out of care homes to reduce the bills and cover the cost of the economic damage.

--- End quote ---

Consider also that any younger person they manage to off is one less elderly person to care for in the future - bonus!   :-DD

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