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jfman 23-03-2020 19:49
Re: Coronavirus
 
Quote:
Originally Posted by Mr K (Post 36028583)
I think you worry about your investments too much. Loss of lives and a prolonged epidemic/shutdown will also collapse the economy. The preservation of life must always come first.
Indeed - 250 000 deaths a small price to pay from his post last night.

---------- Post added at 19:49 ---------- Previous post was at 19:47 ----------

Quote:
Originally Posted by Hugh (Post 36028584)
The economy can recover - dead people can’t...
Indeed. We wouldn't send a quarter of a million people off to die in a war.

1andrew1 23-03-2020 19:49
Re: Coronavirus
 
Quote:
Originally Posted by Pierre (Post 36028574)
Nothing to do with the Government, Local Authority issue.
If the Government had included libraries on Friday's list, they would have closed and more lives saved.

Pierre 23-03-2020 19:56
Re: Coronavirus
 
Quote:
Originally Posted by Mr K (Post 36028583)
I think you worry about your investments too much. Loss of lives and a prolonged epidemic/shutdown will also collapse the economy. The preservation of life must always come first.
Ha, I wish. I earn a good salary and have a nice lifestyle but I live from month to month.

---------- Post added at 19:56 ---------- Previous post was at 19:53 ----------

Quote:
Originally Posted by Hugh (Post 36028584)
The economy can recover - dead people can’t...
Preserving the economy, is preserving life.

A bankrupt state cannot support its population, especially if that population expects a free health care system and financial safety net.

The resultant austerity required would make the last decade look like a Picnic.

1andrew1 23-03-2020 19:58
Re: Coronavirus
 
Quote:
Originally Posted by jfman (Post 36028590)
Indeed - 250 000 deaths a small price to pay from his post last night.
Fewer people = a smaller economy. So it makes economic sense as well to save lives, it's not a polar opposite.

Pierre 23-03-2020 20:04
Re: Coronavirus
 
Quote:
Originally Posted by jfman (Post 36028586)
Absolute rubbish.

It's entirely contradictory to current UK Government advice to stay at home.
This is where people have got it wrong. Stay at home if you’ve no good reason to go out.

But you can go out if you distance yourself and take precautions.

Going to work, is a good reason to go out. If you are sensible and take precautions no problem.

Quote:
I fail to see how taking sensible, short term actions to defeat a deadly virus leaves us in a workhouse. Coronavirus isn't a time machine. Grateful if you could show your working for such a ludicrous conclusion.
It was a figure of speech, as well you know. Point being kill off small businesses, that have long been known to be the engine of the economy, you seriously damage the economy.

Hugh 23-03-2020 20:06
Re: Coronavirus
 
Just got this email from fco.gov.uk (registered for updates when I was away)

Quote:
As countries respond to the COVID-19 pandemic, including travel and border restrictions, the FCO advises British nationals against all but essential international travel. Any country or area may restrict travel without notice. If you live in the UK and are currently travelling abroad, you are strongly advised to return now, where and while there are still commercial routes available. Many airlines are suspending flights and many airports are closing, preventing flights from leaving.

https://www.gov.uk/guidance/travel-a...el-coronavirus

Pierre 23-03-2020 20:07
Re: Coronavirus
 
Quote:
Originally Posted by jfman (Post 36028590)
Indeed - 250 000 deaths a small price to pay from his post last night.
Not my words.

Quote:
Indeed. We wouldn't send a quarter of a million people off to die in a war.
No, it’s usually more.

Hugh 23-03-2020 20:07
Re: Coronavirus
 
Quote:
Originally Posted by Pierre (Post 36028597)
This is where people have got it wrong. Stay at home if you’ve no good reason to go out.

But you can go out if you distance yourself and take precautions.

Going to work, is a good reason to go out. If you are sensible and take precautions no problem.



It was a figure of speech, as well you know. Point being kill off small businesses, that have long been known to be the engine of the economy, you seriously damage the economy.
Absolutely agree

Pierre 23-03-2020 20:09
Re: Coronavirus
 
Quote:
Originally Posted by 1andrew1 (Post 36028592)
If the Government had included libraries on Friday's list, they would have closed and more lives saved.
How many deaths did the 1day delay ( I assume they’re shut on Sunday) cause?

jfman 23-03-2020 20:13
Re: Coronavirus
 
Quote:
Originally Posted by Pierre (Post 36028597)
This is where people have got it wrong. Stay at home if you’ve no good reason to go out.

But you can go out if you distance yourself and take precautions.

Going to work, is a good reason to go out. If you are sensible and take precautions no problem.

It was a figure of speech, as well you know. Point being kill off small businesses, that have long been known to be the engine of the economy, you seriously damage the economy.
I got removed from this thread for persisting with the opinion that the UK Government and it's scientific advisers are wrong.

Now that they are in line with the global consensus the obvious question becomes what makes you think you know better than them?

The Government - and all Governments - need to protect personal incomes and living standards and get people to stay at home. Yes protect small businesses and even responsible larger ones. Considering every major Government is in the same boat what's the genuine cost? Zero. Every major economy could print money to do this and lose no comparative advantage to each other (the main reason countries don't do this to pay their own debt) and come out the other end in two months with consumer confidence booming.

---------- Post added at 20:13 ---------- Previous post was at 20:12 ----------

Quote:
Originally Posted by Pierre (Post 36028599)
Not my words.
But it was your post.

Mr K 23-03-2020 20:18
Re: Coronavirus
 
Quote:
Originally Posted by Pierre (Post 36028602)
How many deaths did the 1day delay ( I assume they’re shut on Sunday) cause?
1 extra death is too much. I don't envy the Govt. these decisions, but they've been far too late and playing catch up all the time. Proactive not reactive is what was needed. Doubtless Boris will announce some too late decisions shortly.

Pierre 23-03-2020 20:24
Re: Coronavirus
 
Quote:
Originally Posted by jfman (Post 36028604)
I got removed from this thread for persisting with the opinion that the UK Government and it's scientific advisers are wrong.

Now that they are in line with the global consensus the obvious question becomes what makes you think you know better than them?
the government advice is what I have posted. ( it may well change in 10mins)

People have mis-interpreted it that they must stay home no matter what. That is not (for 20mins at least) the case.

Quote:
The Government - and all Governments - need to protect personal incomes and living standards and get people to stay at home. Yes protect small businesses and even responsible larger ones.
Need an economy at the end of it to pay for it.

Quote:
Considering every major Government is in the same boat what's the genuine cost? Zero. Every major economy could print money to do this and lose no comparative advantage to each other (the main reason countries don't do this to pay their own debt) and come out the other end in two months with consumer confidence booming.
You assume two months? Optimistic.

Print money? It’s so easy. No worries then, thanks for the tip.

Quote:
But it was your post.
Yes, i was offering someone else’s opinion as a talking point.

---------- Post added at 20:24 ---------- Previous post was at 20:22 ----------

Quote:
Originally Posted by Mr K (Post 36028607)
1 extra death is too much. I don't envy the Govt. these decisions, but they've been far too late and playing catch up all the time. Proactive not reactive is what was needed. Doubtless Boris will announce some too late decisions shortly.
Monday morning Tom Brady analysis, nice

1andrew1 23-03-2020 20:28
Re: Coronavirus
 
Quote:
Originally Posted by Pierre (Post 36028602)
How many deaths did the 1day delay ( I assume they’re shut on Sunday) cause?
Some are very much still open.

jfman 23-03-2020 20:30
Re: Coronavirus
 
Quote:
Originally Posted by Pierre (Post 36028608)
the government advice is what I have posted. ( it may well change in 10mins)

People have mis-interpreted it that they must stay home no matter what. That is not (for 20mins at least) the case.

Need an economy at the end of it to pay for it.
The economy is exactly the same at the other side if you protect everyone's position within it.

Quote:
You assume two months? Optimistic.
Done properly - yes. The virus doesn't live on its own.

Quote:
Print money? It’s so easy. No worries then, thanks for the tip.
You are aware of Central Banks, yes? Quantitative easing?

Hugh 23-03-2020 20:34
Re: Coronavirus
 
https://www.bbc.co.uk/news/uk-52012432

Quote:
From this evening people must stay at home except for shopping for basic necessities, daily exercise, any medical need and travelling to and from essential work.

Shops selling non-essential goods will also be shut and gatherings in public of more than two people who do not live together prohibited.

The UK death toll has reached 335.

If people do not follow the rules police will have the powers to enforce them, including through fines and dispersing gatherings, Boris Johnson said in a televised statement from Downing Street.

Other premises including libraries, playgrounds and outdoor gyms, and places of worship must also close immediately.
Parks will remain open for exercise but gatherings will be dispersed.

The government is also stopping all social events, including weddings, baptisms and other ceremonies - but funerals will be allowed.
Mr Johnson said the restrictions would be kept under constant review.

"We will look again in three weeks, and relax them if the evidence shows we are able to," he added.


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