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Coronavirus (Stay on Topic)

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Bill Gates Reddit Q&A link is on his FB page. I believe he said if we did lockdown correctly we could come out of this in 6-8 weeks with low cases. But would still need to stop people from flying in and out of country. Think he also said we are NOT on the right path just yet so that 6-8 weeks doesn’t start until measures are taken seriously by ALL states.
 
Downeastnc said:
There are probably thousands if not 10's of thousands of people in NC with it everywhere from just got it today and have no idea they have it to had it for weeks...the number of cases will continue to climb by larger margins everyday, all these cases are preloaded.....it takes 4-12 days from infection to symptoms then another 20-25 days to recover or die....that's a month....so everyone that has been infected over the last several weeks are just now getting sick, all the people currently being infected wont pop up for another week or so...there will be thousands of active NC cases by the end of this week probably.
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10's of thousands in NC? Damn ... does that include non-HomoSapiens? 10's of thousands?
 
Guys. Seriously. Stop with the politics bitching please. There's a thread for that. Seriously, I worked 9 hours non-stop with barely room to breathe much less check news, so this thread has been perfect to see what's going on quickly and stay informed. Stop mucking it up ?
 
Bill Gates 6-8 weeks to reopen everything also doesn’t start until the USA fixes its lack of testing issues and PPE issues.
 
Rain Cold said:
Our economy is so structurally sound it needs $6 Trillion to bail it out. At least. $6 Trillion. Has anyone stopped to consider what an absolutely absurd number that is. We've become numb to numbers because they're thrown around like candy these days. Can't wait till someone goes all in with the Quad.

I hope that one thing all of us take away if we come out this intact is that within our lifetimes, we will likely see hyperinflation. You need to think about that and prepare for it.
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Our collapse debt wise is coming, no doubt. This recession/depression is just a precursor. Learn critical skills and get out of debt is the message.
 
There is no collapse coming we are gonna rebound well according to Bill Gates. But to get there we about to see some dark times across our country these next few weeks. That is all I read pretty much. Stay indoors and avoid young people who are exposing themselves to germs that could harm you.
 
campamy said:
Guys. Seriously. Stop with the politics bitching please. There's a thread for that. Seriously, I worked 9 hours non-stop with barely room to breathe much less check news, so this thread has been perfect to see what's going on quickly and stay informed. Stop mucking it up ?
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Maybe they'll listen to you ?
 
Matthew70 said:
True but if we go into a depression the numbers of dead from the virus will be pale in comparison to what will unfold. Hope you are right Shaggy. Honestly I do.
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If we go into a depression it will be because the virus is uncontrollable and the death toll will be going way up.

We are between a rock and a hard place. No doubt about it. I believe staying calm and level-headed and things can rebound.
 
Matthew70 said:
Maybe now we will have to see if after all these dead bodies from the virus. If we have more dead bodies from Violence and robberies and hunger. Hopefully the desperate ones don’t lead to desperate measures. IF America does descend into a depression. I’d bet more will die from it than this virus but that’s right America is invincible. Let’s sacrifice everyone’s future for the few.
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What is your defintion of a few? You keep saying that ----. This has potential to kill hundreds of thousands - think 10% of population gets infected, 1% die, thats 350k or so. That ok? You really think more will die from starvation and robbery? To add, if virus runs uncontrolled and people really panic wouldnt that lead to self isolation that is too late and worse impacts.
 
Nerman said:
www.fox5atlanta.com

Cobb County declares state of emergency, orders residents to 'shelter in place'

Cobb County Commission Chairman Mike Boyce issued an executive order on Tuesday declaring a state of emergency to help combat the coronavirus. The order also directs county citizens to shelter in place.
www.fox5atlanta.com www.fox5atlanta.com

Our weak-limp Governor won't do it so the counties and cities are shutting down.
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Unfortunately our commissioners here in paulding county worship the quicksand that Kemp is walking on and have said there following the guidance of the gov. We only have 6 cases here, but with cobb and Bartow being our neighbors and hot spots, I’m sure our numbers are higher. Heck we may not even be testing here.
 
Shaggy said:
If we go into a depression it will be because the virus is uncontrollable and the death toll will be going way up.

We are between a rock and a hard place. No doubt about it. I believe staying calm and level-headed and things can rebound.
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I don't know. I've been trying to stay optimistic, but I guess the words out of my mouth earlier shocked me. If we go into a deep recession along with most of the world and nations such as Italy and Greece start defaulting, the floor is really low.
 
Poimen said:
Stay at home order coming for Durham tomorrow.
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Yea, statewide they join Mecklenburg and Pitt Counties. Appears the Durham order will be citywide and not countywide.

Interesting Durham pulled the trigger before Raleigh. Durham's had quite a surge these past few days though.
 
Arcc said:
I don't know. I've been trying to stay optimistic, but I guess the words out of my mouth earlier shocked me. If we go into a deep recession along with most of the world and nations such as Italy and Greece start defaulting, the floor is really low.
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No matter how low the floor goes, this Country is still the attic (compared to anywhere else in the world) ...
 
Heelyes said:
Unfortunately there are no facts only speculation at this point. Larry Kudlow said 6 trillion, not me. He also said 4 trillion to the banks. I'm sure they have to pay it back eventually but with little or no interest. I think most of us could make a buck if we were given millions in loans with little interest and could pay it back whenever we turned a profit
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He did not say 4 trill to banks. Stop with the mis info. We dont even have a bill yet from tbe senate. Ill spare everyone the reason why for commoradity sake.
 
Poimen said:
For those who don't believe the 6 trillion figure, 6 trillion is now trending on Twitter. It is 4 trillion in "liquidity" for banks, 2 trillion for us common folk, plus raises for congress.
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A resteraunt,airline,gym ,spa,dentist office etc, small business,business are not a bank.
 
NCSNOW said:
A resteraunt,airline,gym ,spa,dentist office etc, small business,business are not a bank.
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I don’t understand what you’re saying. The news reports I have read specifically stated it as 4 trillion in liquidity for banks, 2 trillion for everything else. I suppose the money for banks may be intended to work its way into the market itself, but that’s the breakdown as advertised.
 
Poimen said:
I don’t understand what you’re saying. The news reports I have read specifically stated it as 4 trillion in liquidity for banks, 2 trillion for everything else. I suppose the money for banks may be intended to work its way into the market itself, but that’s the breakdown as advertised.
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Fed will make up to $4 trillion in loans to businesses to rescue the U.S. economy, Mnuchin says
By Greg Robb
Published: Mar 22, 2020 12:50 pm ET
Treasury secretary says Fed will play key role in helping businesses hurt by coronavirus

Treasury Secretary Steven Mnuchin said Sunday that the Federal Reserve will play a key role in lending funds to businesses hurt by the coronavirus pandemic.

“Working with the Federal Reserve — we’ll have up to $4 trillion of liquidity that we can use to support the economy,” Mnuchin told Fox News on Sunday.

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“Those are broad-based lending programs. ... We can leverage our equity working with the Federal Reserve,” he said.

The Treasury secretary said the plan is broad-based to help small and large businesses “get through the next 90 to 120 days,” he said.
 
Arcc said:
I don't know. I've been trying to stay optimistic, but I guess the words out of my mouth earlier shocked me. If we go into a deep recession along with most of the world and nations such as Italy and Greece start defaulting, the floor is really low.
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No reason to even say those words. No voice of opposition in here. No recession and no depression. It will be like we never missed a beat. Bill Gates says so.
 
NCSNOW said:
Fed will make up to $4 trillion in loans to businesses to rescue the U.S. economy, Mnuchin says
By Greg Robb
Published: Mar 22, 2020 12:50 pm ET
Treasury secretary says Fed will play key role in helping businesses hurt by coronavirus

Treasury Secretary Steven Mnuchin said Sunday that the Federal Reserve will play a key role in lending funds to businesses hurt by the coronavirus pandemic.

“Working with the Federal Reserve — we’ll have up to $4 trillion of liquidity that we can use to support the economy,” Mnuchin told Fox News on Sunday.

Ad

“Those are broad-based lending programs. ... We can leverage our equity working with the Federal Reserve,” he said.

The Treasury secretary said the plan is broad-based to help small and large businesses “get through the next 90 to 120 days,” he said.
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Last time I checked banks were businesses too. I will be willing to bet they get the most of any business, they always get it one way or another.
 
To be clear,there isnt a bill from the senate at this moment. Futhermore the house has to sign off before potus can sign. It would have been done days ago ,if it would just be used to address this crisis. Unfortunately some are obstructing this from happening. Hopefully common sense will prevail in the end. Fingers crossed
 
Gov Kemp defends his decision not to order shelter in place. More worried over economy than lives. Says they know cases will increase but they believe most will be mild. SMDH what about the 38 dead Gov? He said he may make a decision on he rest of the school year soon.
www.wsbtv.com

Governor defends decision to keep state open as Atlanta mayor orders people to stay at home

The governor said he’s also considering quarantining some airline passengers coming from New York.
www.wsbtv.com www.wsbtv.com
 
Matthew70 said:
No reason to even say those words. No voice of opposition in here. No recession and no depression. It will be like we never missed a beat. Bill Gates says so.
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You have lemons what are we gonna make with them.

Hope you and your family avoid serious illness. Imagine the bill for a week on a ventilator in ICU that's gonna hit thousands of families.
 
NCSNOW said:
To be clear,there isnt a bill from the senate at this moment. Futhermore the house has to sign off before potus can sign. It would have been done days ago ,if it would just be used to address this crisis. Unfortunately some are obstructing this from happening. Hopefully common sense will prevail in the end. Fingers crossed
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I would hope someone would obstruct a 6 trillion dollars blank check. We need a little more information before it's passed.
 
Heelyes said:
Last time I checked banks were businesses too. I will be willing to bet they get the most of any business, they always get it one way or another.
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4t in liquidity from the fed's for the banks allows them to provide lower interest loans, especially business loans, which in theory spurs more growth. It's not as simple as saying 4t bailout for the banks
 
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