Current Affairs Coronavirus Thread - Serious stuff !!!

[peteblue]

Just another massive balls up by a government that is nowhere remotley competent enough to take us through a deadly crisis.

They could see what responsible governments were doing and refused to go down that route, no doubt advised by the vampires it chummies up to in the tech industry who want to get their disgusting snouts in the trough of government cash.

They are quite prepared to kill us for cash.

Happens all the time and under all governments...see the Chinook mess during the last Labour government. I don’t mention this as a political point, it’s more about how useless some of our Civil Service departments really are...irrespective of the colour of the government......

 

[tsubaki]

They must be spinning the amount of u turns they are doing at the moment.

yes but schools

 

[mill]

No, I'm saying its a tool that can and should be used.

Does @roydo disagree?

Its pretty straight forward to me. Government issues loads of bonds to pay for fiscal stimulus that we are seeing through the bailout packages. BOE sweep up the bonds to keep cost of capital down and to counteract the deflationary pressures of the hit on demand.

it’ll likely mean inflation and higher rates in the medium term but that’s the price you pay to try and prevent catastrophe.

 

[BlueStevie35]

NHS have reported a sub 100 total for the 7th day running with today’s figure being 77, that is 16 down on yesterday (revised from 88 to 93 because of a miscount on the Scottish figures) and 24 down on last Thursday. Of this 62 were in English hospitals, down 15 on yesterday and 26 on last week with 54 occurring in the past 10 days

It’s also been reported that there was a break out of 650+ new cases in Germany linked to an abattoir

 

[Billy Dean]

Can I get your opinions: I haven't had any curtains in me room for 6 months and it's starting to get to me now with the mornings getting lighter early. I'm gonna order some but will probably need to get a handyman to install them. Would you rather risk having a handyman over who might have covid, potentially shedding his virus all over your room, or just go through the summer sleep-deprived? I'm a mess already and it's only June lol

 

[roydo]

Can I get your opinions: I haven't had any curtains in me room for 6 months and it's starting to get to me now with the mornings getting lighter early. I'm gonna order some but will probably need to get a handyman to install them. Would you rather risk having a handyman over who might have covid, potentially shedding his virus all over your room, or just go through the summer sleep-deprived? I'm a mess already and it's only June lol

Install the curtains, or the thing they hang from?

 

[davek]

Happens all the time and under all governments...see the Chinook mess during the last Labour government. I don’t mention this as a political point, it’s more about how useless some of our Civil Service departments really are...irrespective of the colour of the government......

They are making erorr after error in a deadly crisis. They are a danger to the people they are - as a government - first and foremost there to protect.

They are not serious people for a situation like this.

 

[davek]

Does @roydo disagree?

Its pretty straight forward to me. Government issues loads of bonds to pay for fiscal stimulus that we are seeing through the bailout packages. BOE sweep up the bonds to keep cost of capital down and to counteract the deflationary pressures of the hit on demand.

it’ll likely mean inflation and higher rates in the medium term but that’s the price you pay to try and prevent catastrophe.

Yes. I'm with you.

@roydo for his part, IIRC, believes borrowing cant go on and that the taps need turning off.

 

[Billy Dean]

Install the curtains, or the thing they hang from?

Both really.

 

[roydo]

Yes. I'm with you.

@roydo for his part, IIRC, believes borrowing cant go on and that the taps need turning off.

At some point, of course. I suggested the other week that once this washes through, and we can see the level of additional, Covid related borrowing, that those issues should be ring fenced, and removed from the Governments balance sheet. This would allow future Governments to operate a normal day to day fiscal function unencumbered by the one off costs of all this.

 

[roydo]

Both really.

Got a drill and a screwdriver?

 

[orchard]

Can I get your opinions: I haven't had any curtains in me room for 6 months and it's starting to get to me now with the mornings getting lighter early. I'm gonna order some but will probably need to get a handyman to install them. Would you rather risk having a handyman over who might have covid, potentially shedding his virus all over your room, or just go through the summer sleep-deprived? I'm a mess already and it's only June lol

Use a mask or sawdust to cover your eyes.

 

[mill]

Yes. I'm with you.

@roydo for his part, IIRC, believes borrowing cant go on and that the taps need turning off.

All QE alone is going to do really is push up asset prices. That’s been my biggest bug bear of the last 10 years or so.

Loads of liquidity has pushed asset prices in one direction which has benefitted rich people more than others.
Austerity over the same period has at a bigger impact on poor people than others.
Low cost of capital has meant that rubbish companies hsve continued to survive that would usually fail and so capital has been allocated inefficiently.
That’s meant productivity has suffered meaning wage growth hasn’t happened (again hitting poor people mostly). The one benefit has been the amazon effect which has depressed inflation in general.
So QE without fiscal spending doesn’t really work.
Which is why this is a bit different to the GFC.

 

[COYBL25]

Can I get your opinions: I haven't had any curtains in me room for 6 months and it's starting to get to me now with the mornings getting lighter early. I'm gonna order some but will probably need to get a handyman to install them. Would you rather risk having a handyman over who might have covid, potentially shedding his virus all over your room, or just go through the summer sleep-deprived? I'm a mess already and it's only June lol

Get some ready made blinds mate, dead easy to fit.

 

[Barnfred 55]

They must be spinning the amount of u turns they are doing at the moment.

As long as the u turns they are making are the correct decisions I don't care how many they make

It's the bad choices they don't u turn I'm more concerned about