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Re: Coronavirus
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The economy is important but can be underwritten by Government and the Central Bank. It’s literally their main function at this time. Money, as you consider it like a household budget, simply doesn’t exist at a macroeconomic level in the same way. |
Re: Coronavirus
I just found out that mum will never walk again as the coronavirus attacked her nervous system.
She had it before I took her in, but she had no symptons. I live at home and don't know it I've had it either? Tomorrow she moves to a nursing home, this is possibly a pemanent placing. The home is 30 minutes away. We may be able to visit and take clothing for her. This should help her start to eat as she is very low at not seeing any one. |
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So sorry to hear about your mother hom3r... I am a maintenance person at a care home and it is a very worrying time. We do not accept any visitors into the home only medical personnel, this has been like this for the past three weeks. You will find this will be the case throughout the UK. Wishing you all well.
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---------- Post added at 20:22 ---------- Previous post was at 20:13 ---------- Quote:
I'm sorry, mate, but we cannot avoid this as there is no way available yet that can stop the virus from spreading. Despite every effort of the care homes, the virus is still getting in and the death toll is dreadful. As far as the economy is concerned, we cannot sustain the lockdown measures for long. Fortunately, we don't have an unsustainable deficit anymore, and interest rates are at their lowest in living memory. However, there is a limit to how much debt is manageable, and we cannot let too many businesses collapse - that would be truly disastrous. Other EU countries are already starting to relax the lockdown, and I dare say we will learn a lot from that.z ---------- Post added at 20:24 ---------- Previous post was at 20:22 ---------- Quote:
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This is where the fact money is a human construct - it's not backed by anything like gold any more - is key. During an economic recession printing money is a perfectly reasonable way to increase money supply and stimulate growth. The risk - hyperinflation - is extremely low and the lever to control inflation (interest rates) has plenty of scope to rise to bring this under control. The currency markets will be minimally affected as other currencies like the Euro and US dollar will experience the same. Quote:
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A paper, published in the journal Science says physical distancing measures may need to be in place intermittently until 2022.
https://science.sciencemag.org/conte...cience.abb5793 |
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How long ago did you take her in? ---------- Post added at 21:45 ---------- Previous post was at 21:36 ---------- Quote:
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The Government's approach now is to avoid deaths by controlling the rate of infection so that hospital capacity isn't overwhelmed. It's not true to say the current measures will only delay (for now) people's deaths. If we didn't have these measures then hospital capacity was projected to have been overrun resulting in a higher number of deaths. What OLD BOY might be confusing that with is that long term one of the assumptions is that we cannot stop the virus and therefore there will be a given number of deaths and those deaths are being delayed and not avoided. I.E The very fact we're delaying deaths itself lowers the overall death count. Another thing is that by delaying the deaths we buy time for more effective treatments to be found which could save lives. We might also - although I am skeptical of this - be able to open up against with aggressive contact tracing, social distancing and other measures to slow the infection rate so drastically that we reach a vaccine before the virus has infected everyone it theoretically could. |
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You’re going to have a difficult few months but you can both come through it. And she doesn’t have to stay in a home half an hour away forever. Your local authority should provide you a list of approved homes that charge local authority rate. You will be able to find one that suits her and is a little closer to you. Take your time, make use of your local CAB for advice and assistance and don’t let the authorities push you around. |
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The advisors who came up with the initial Herd Immunity idea that delayed action for at least a week. Who are they and are they still advising the Government? The people that deliberately ignored the opportunity to get onboard the EU-wide procurement scheme for Ventilators and PPE, why did they make this decision and they still making similar decisions? They got it wrong then and they could get it wrong again. When the WHO said the only way to combat this virus is to test, test and test again. Why did the UK choose to ignore this advice? What was the reasoning behind this. Without challenge, the same mistakes can and probably will be made. You need to learn from your mistakes quickly and that process is to question, analyse, conclude and then act. |
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Sorry Hom3r, I want to echo what Chris has said.
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