Unimog
Eric
- Location
- Stansbury Park, UT
To be fair, I haven't. I'm using the judgement of people I know who have a medical background.
Coronavirus
- Thread starter Kevin B.
- Start date
To be fair, I haven't. I'm using the judgement of people I know who have a medical background.
Noahfecks
El Destructo!
- Location
- Glenwoody Springs, CO
Just a couple thoughts on the specifics of banking and economics
Right now anyone with a mortgage can request and receive a 3-6 month forbearance by simply asking. Lots of reasons that people are taking advantage of this and it doesn't necessarily mean there is any reason to believe that they cannot pay their bills. We called all of our customers with any loan product and offered them a no harm - no foul 3 month deferral and probably 90% took it, mostly just to have options during an uncertain time. Under normal circumstances that 7% number would be scary, but right now the overwhelming portion of that is caution in the market, not inability to pay.
Given the number of Payroll Protection Program loans I have done, I find it hard to believe that 25% are actually on unemployment. I believe 25% have filed, but I think 75% will be denied by employers who have work for employees who would rather sit at home. The remainder are likely short term unemployed who will be back to work within a week or two as the world begins realizing this thing is real but no where near as bad as advertised. There will be some long term unemployment but I cant see that number exceeding 5.5% and even then not more than about a year.
The government spending is shocking and it will have serious and long lasting repercussions, but fawk your grand kinds anyway, little bass-turds need to get off mah lawn
I still believe that if we can get back to work in the next week or two there is no eminent mortgage crisis. The trillions that were just printed and injected into the economy should be more than sufficient to float us through a short term crisis. I was in a very high level credit committee discussion about hedging markets and servicing rights for the non-bank lenders this week as we considered a loan to one and my takeaway was many will fail but the assets in the portfolios are strong and have strong secondary market value. There were two days when both the pledge and the hedge were in negative territory and margin calls happened. At this point it looks like that situation has passed and the hedging will keep the survivors profitable.
4x4_Welder
Well-Known Member
- Location
- Twin Falls, ID
That Bundy guy needs to shut up and go away before he gets someone killed.
I think the unemployment number may be higher than what you think. Incentives work. Unfortunately, the incentives right now are all coming out of our own collective pockets.
Since we are currently still looking to hire many positions, I'll give you my two cents. It is just as hard, if not harder than before the rona to get good candidates in for an interview or accept a job offer. Some have come right out and stated that it is because they are making more money at home on unemployment than they were before they lost their job since there are additional COVID subsidies from the federal and some states.
Obviously those incentives won't last, but it certainly doesn't help curb the welfare state we are creating which will have long lasting real consequences.
- Location
- Grantsville, Utah
This.
UNSTUCK
But stuck more often.
I'm still averaging over 60 hours/week for the year. Not going to lie, it's getting old. But at the same time I'm very happy to even have the work. I think it would be hard for me to stay home, even if I was making more money on unemployment. I come home each day and see my poor wife about going crazy. Being home all day with kids that can't go anywhere is tough.
Welcome to Hawaii. Here’s your ankle monitor: Stronger policies to track tourists eyed
Connors told members of the state Senate Special Committee on COVID-19 that some of the ideas being proposed to track visitors could pose constitutional questions and she is exploring those concerns.
www.hawaiinewsnow.com
I know most of you don't care about the happenings in Hawaii but look at this nonsense. One side effect I see coming from the rona is the anti-government groups getting much larger.
Also using Sami's video math. Hawaii has tested 26,536 people, 601 have tested positive. Which gives us an infection rate of roughly 2%. Hawaii has roughly 1.4mil people, suggesting if 2% are infected 28,000 people are infected. 14 people have died "from" the rona. Giving it a mortality rate of 0.0005%.
And now they want to resort to ankle monitors for visitors? For an economy that is tourism powered? How some of these people are in charge of our country baffles me.
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Houndoc
Registered User
- Location
- Grantsville
The Comfort hospital ship was sent to treat non-COVID cases and thus take pressure off hospitals. They did not treat COVID cases.
As to all those who still want to minimize the role of COVID in killing people one of the most telling stats heard was that NYC averages about 150 deaths/day from all causes.
At the peak of the outbreak, that jumped to over 800.
- Location
- Grantsville, Utah
Guess who just got another 7 day quarantine... This guy. I had stomach problems yesterday and today, and that's one of the "symptoms"
- Location
- Grantsville, Utah
Nope, I stashed some during the Great TP Shortage of March.
I'm irritated and I guess I shouldn't be. I could have lied about it and kept working, but I had already shut down yesterday to deal with the issue and told my driver coordinator at that point. The policy should have been updated by now, but everything is being driven by social frenzy right now.
- Location
- Vehicular limbo
Well shit.
www.reuters.com
"No evidence" that recovered COVID-19 patients cannot be reinfected: WHO
The World Health Organization (WHO) said on Saturday that there was currently "no evidence" that people who have recovered from COVID-19 and have antibodies are protected from a second coronavirus infection.
www.reuters.com
Well shit.
"No evidence" that recovered COVID-19 patients cannot be reinfected: WHO
The World Health Organization (WHO) said on Saturday that there was currently "no evidence" that people who have recovered from COVID-19 and have antibodies are protected from a second coronavirus infection.
the same experts that said this couldn’t transmit from human to human, and that there was no global emergency? Great source you got there... 🥱
- Location
- Vehicular limbo
Yeah, it's the WHO. There are more and more reports from all directions that people who theoretically beat the virus are coming in after the fact with positive virus tests if you don't want to take their word for it. Could be fake positives in the first place, or fake positives after the fact, or it could be they're getting infected twice... point is, no one knows, and that's going to lead to more uncertainty and strung out precautions.
Fixed that last sentence
Houndoc
Registered User
- Location
- Grantsville
The fact that the hospitals were able to handle the loads without needing to heavily rely on either the Comfort or the make-shift hospitals can be seen as good evidence that the social restrictions did exactly what they were supposed to do.
- Location
- West Jordan
I'm not necessarily disagreeing with you, but you could replace "social restrictions" with any reason into that argument and sound legit. The fact is that there is no proof that the social restrictions are the cause. On the other hand, there is no proof that says they aren't the cause.
One can easily argue too that the hospital ship being basically unneeded is proof that this is all a gigantic overreaction.
It simply depends on who you listen to, and what you want to hear.
Please tell me again why we have completely shut down our economy, put everyone on house arrest, let business A be open but not business B. Numerous power grabs by local governments across the country violating rights citing the pandemic as the reason?
Not even interpolating the data for the whole population. Just over 4% of the population that has been tested in Utah have come back positive. Of those 0.0096% have died. I'm also certain A LOT more people have had this and have recovered without issue that were never tested bringing the mortality rate even lower.
For being so extremely contagious and deadly the numbers sure don't back it up. And if you want to argue social distancing is saving people spare me. I had contact with around 100 people a day locked away in a small aluminum tube. I had to touch every seat they sat in after every flight, I did this for two months during the heart of this "pandemic" no gloves, no mask yet here I am still alive and kicking. I may have had it in the very beginning before it was thought to be in the US, I may not have. Yet here I am still kicking.
Get over it, open the damn country back up
Not even interpolating the data for the whole population. Just over 4% of the population that has been tested in Utah have come back positive. Of those 0.0096% have died. I'm also certain A LOT more people have had this and have recovered without issue that were never tested bringing the mortality rate even lower.
For being so extremely contagious and deadly the numbers sure don't back it up. And if you want to argue social distancing is saving people spare me. I had contact with around 100 people a day locked away in a small aluminum tube. I had to touch every seat they sat in after every flight, I did this for two months during the heart of this "pandemic" no gloves, no mask yet here I am still alive and kicking. I may have had it in the very beginning before it was thought to be in the US, I may not have. Yet here I am still kicking.
Get over it, open the damn country back up