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Keep the rest of our powder dry?
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<blockquote data-quote="HardRightEdge" data-source="post: 868777"><p>Since we're already off topic here, here's a valuable link to track the progress of this crisis on the macro level:</p><p></p><p><a href="https://coronavirus.jhu.edu/map.html" target="_blank">https://coronavirus.jhu.edu/map.html</a></p><p></p><p>Confirmed cases in the US is currently 27,000. Yesterday it was 19,000. As expected, and as experienced in other countries, the confirmed case curve is going parabolic as testing ramps up. Inept response at the federal level, a still on-going, sit-on-the-hands, "shallow state" approach as the war powers act is not implemented ("We are not a shipping clerk") has exacerbated and continues to exacerbate early transmission, creating a broader and growing base of carriers which will prolong the crisis. States are in competition for resources as we move into the phase where states hoard whatever essential equipment and supplies they can get their hands on, rather than the federal goverment demanding the for-profit medical system produce what is needed as fast as possible, holding their feet to the fire, and getting it distributed to where it is needed most.</p><p></p><p>One small slice of this absurdity is evidenced in the fact that even if one got a free test, the Big 2 lab testing corporations, at least as of yesterday, wouldn't process the test unless that person has insurance. 40,000,000 Americans do not. It would be a no brainer is this trillion dollar relief package to take a tiny slice or that package and guarantee federal payment for tests for the uninsured. Duh.</p><p></p><p>It would behoove you to listen to "President" Cuomo's identification of the problems and prescriptions for getting after this thing.</p><p></p><p>Regardless of whether one agrees or disagress with that critique, the proof will be in the numbers and they will be undisputable.</p><p></p><p>As for the other of matter of "keeping one's powder dry" with respect to an investment portfolio, tracking those Johns Hopkins numbers on a daily basis will likely provide a signal. When the case curve starts to flatten the crisis will be under some kind of coordinatated control. That's probably a fairly long way off, and the economic damage in the interim is likely to be quite severe.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 868777"] Since we're already off topic here, here's a valuable link to track the progress of this crisis on the macro level: [URL]https://coronavirus.jhu.edu/map.html[/URL] Confirmed cases in the US is currently 27,000. Yesterday it was 19,000. As expected, and as experienced in other countries, the confirmed case curve is going parabolic as testing ramps up. Inept response at the federal level, a still on-going, sit-on-the-hands, "shallow state" approach as the war powers act is not implemented ("We are not a shipping clerk") has exacerbated and continues to exacerbate early transmission, creating a broader and growing base of carriers which will prolong the crisis. States are in competition for resources as we move into the phase where states hoard whatever essential equipment and supplies they can get their hands on, rather than the federal goverment demanding the for-profit medical system produce what is needed as fast as possible, holding their feet to the fire, and getting it distributed to where it is needed most. One small slice of this absurdity is evidenced in the fact that even if one got a free test, the Big 2 lab testing corporations, at least as of yesterday, wouldn't process the test unless that person has insurance. 40,000,000 Americans do not. It would be a no brainer is this trillion dollar relief package to take a tiny slice or that package and guarantee federal payment for tests for the uninsured. Duh. It would behoove you to listen to "President" Cuomo's identification of the problems and prescriptions for getting after this thing. Regardless of whether one agrees or disagress with that critique, the proof will be in the numbers and they will be undisputable. As for the other of matter of "keeping one's powder dry" with respect to an investment portfolio, tracking those Johns Hopkins numbers on a daily basis will likely provide a signal. When the case curve starts to flatten the crisis will be under some kind of coordinatated control. That's probably a fairly long way off, and the economic damage in the interim is likely to be quite severe. [/QUOTE]
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