Coronavirus Recession

[qwerty]

Lol. Ok.

 

[eyephone]

Lol. Ok.

You remind of this guy that runs away from arguments from lb aka the fake financial advisor.

 

[irvinehomeowner]

What's with all the 'taco' and 'Mexican' jabs? Let's try to keep it civil here.

 

[eyephone]

What's with all the 'taco' and 'Mexican' jabs? Let's try to keep it civil here.

Previous post regarding Mexico. He can not RECALCULATE the covid death rate in Mexico. (Mehico)

Something an intern at a big four, regional, local firm can do. (What can I say?) 

 

[irvinehomeowner]

Elon Musk clearly does not like shelter in place:
https://www.theverge.com/2020/4/29/...helter-in-place-tesla-covid-19-safety-science

?If somebody wants to stay in the house that?s great,? Musk continued. ?They should be allowed to stay in the house and they should not be compelled to leave. But to say that they cannot leave their house and they will be arrested if they do... this is fascist. This is not democratic. This is not freedom. Give people back their goddamn freedom.?

This isn't new:
https://www.theverge.com/2020/4/29/21241180/elon-musk-coronavirus-conspiracy-misinformation-tesla

Since the outbreak began, he?s promoted studies that suggest doctors are inflating case numbers for financial reasons, or that the vast majority of fatalities in Italy are due to other causes. He promoted a widely discredited paper on the benefits of chloroquine, which was debunked so quickly that both Twitter and Google Docs refused to host it. In another instance, he compared the outbreak to the common cold. On March 6th, he said simply ?the coronavirus panic is dumb.? On March 14th, he said the ?danger of panic still far exceeds danger of corona,? as part of a larger thread promoting chloroquine as an effective treatment. On March 19th, he predicted that the US would see close to zero new cases by the end of April. (The US is currently registering more than 25,000 new cases each day, a number itself limited by testing capacity.)

[...]

Most recently, Musk?s vigorous skepticism has led him to promote medical misinformation. On Sunday, he shared a briefing by two Bakersfield doctors who argued that all distancing restrictions should be lifted immediately, claiming that the ongoing outbreak is no worse than a common case of influenza. The claims were quickly and emphatically condemned by a range of medical groups, and YouTube has since removed the video for violating its community guidelines. But Musk has not deleted his tweet, which reads, ?doctors make good points.?

Earlier today, Musk tweeted ?Free America Now,? an echo of previous tweets from President Trump calling for an end to the various distancing measures. Neither Tesla nor SpaceX responded to inquiries into Musk?s views on the issue.

I forgot if Musk was anti-Trump or not... he uses Twitter much like the Big Orange.

This is the 1st quarter that Tesla has reported a profit so Musk may be a little upset about what this pandemic is doing to his company.
https://insideevs.com/news/418742/tesla-q1-2020-earnings-report/

 

[qwerty]

Lol. Ok.

You remind of this guy that runs away from arguments from lb aka the fake financial advisor.

Morekaos adds more value in a single post than you have your entire TI posting career.

And no one is running away. Trying to have a discussion with you is like arguing with a kid. You just don?t get. You go off on all these tangents I have no idea how you form your arguments. 

Perhaps I?m just not smart enough to understand your genius.

Have a great day!!

 

[eyephone]

Lol. Ok.

You remind of this guy that runs away from arguments from lb aka the fake financial advisor.

Morekaos adds more value in a single post than you have your entire TI posting career.

And no one is running away. Trying to have a discussion with you is like arguing with a kid. You just don%u2019t get. You go off on all these tangents I have no idea how you form your arguments. 

Perhaps I%u2019m just not smart enough to understand your genius.

Have a great day!!

Let me know when you know how to recalculate. Seems like you do not have the audit basics.

Do not worry I am having a great day. I just made my green juice. (I highly recommend it for those who want to stay healthy during this epidemic)

 

[morekaos]

What's with all the 'taco' and 'Mexican' jabs? Let's try to keep it civil here.

Previous post regarding Mexico. He can not RECALCULATE the covid death rate in Mexico. (Mehico)

Something an intern at a big four, regional, local firm can do. (What can I say?) 

Whaaa?  Mexico city death rates are very low...as I said.

 

[qwerty]

Boeing was looking for $60 billion from the government. The government rightfully demanded an equity stake. Now Boeing just raised $25 billion through a debt offering.

What about their suppliers? Makes you wonder how many companies overinflated their requests to the government.

 

[qwerty]

Olive gardens are open in Georgia. Only 10 customers allowed per 500 sq ft of ding space. Texas is allowing restaurants to to open but only at 25% capacity.

How do they expect the restaurants to make any open. At 25% capacity it?s probably not even worth it to reopen.

This kind of reopening may make things worst. This kind of goes back to my point of how we need to do all or nothing. I suppose it?s better than nothing

 

[irvinebullhousing]

The absurd part about social distancing is, it does not applies to flying. Even when the middle seat is blocked, you know that you still 2 feet away from someone next to you.

So is the FAA going to enforce this? Hell, no. Because the airlines will need every ticket sale that they can get their hands on.

 

[nosuchreality]

Olive gardens are open in Georgia. Only 10 customers allowed per 500 sq ft of ding space. Texas is allowing restaurants to to open but only at 25% capacity.

How do they expect the restaurants to make any open. At 25% capacity it?s probably not even worth it to reopen.

This kind of reopening may make things worst. This kind of goes back to my point of how we need to do all or nothing. I suppose it?s better than nothing

Is the 25% capacity limit causing people not to go? 

At 6 feet social distance, each customer needs about 56sf. 

A typical four person table needs 100 sf not including walk ways etc.

Maybe they can innovate and put a plastic shield up like the meat packers.


Restuarants may change, grab and go or high end, nothing in between.


Are even the protestors for open up ready to go sit in the venues the way they used to be?

 

[qwerty]

The article was just around the reopening guidelines, so not sure if it?s causing people not to go.

From one side it may encourage people to go since it is potentially safer. The flip side would be longer waits to get in.

 

[eyephone]

The demand might be there or not. I can see demand being high for favorite spots. (such as in and out, etc.)

But for the okay places that previously just got by, unfortunately they might not make it.

 

[zubs]

I was at Broadway in Laguna Beach early MAR and it was packed.  That place has seating very close to each other.

If you open restaurants, do you think people will voluntarily sit next to strangers?
Perhaps some people will be ok, but a lot of people will not feel safe.


Even after the opening, restaurants are going to struggle.  We need herd immunity. 
I don't think anyone will volunteer to sit in a packed restaurant.

 

[irvinehomeowner]

Talking to several people about these PPP loans and there is a lot of insider stuff going on which is why these "bigger" companies are getting approved and others are not.

Think about the bank, the relationship, the balance of their accounts, the juice on the loans...

#conspiracytheorist

 

[irvinebullhousing]

Not a conspiracy at all. It happened in plain view.

The juice flowed even before the the lemon squeeze.

Hence, funds never gotten to the small shops and emptied quickly and the second rounds lined up.

 

[bones]

Olive gardens are open in Georgia. Only 10 customers allowed per 500 sq ft of ding space. Texas is allowing restaurants to to open but only at 25% capacity.

How do they expect the restaurants to make any open. At 25% capacity it?s probably not even worth it to reopen.

This kind of reopening may make things worst. This kind of goes back to my point of how we need to do all or nothing. I suppose it?s better than nothing

Aside from capacity issues, restaurants face other hurdles in opening. The restart costs for restaurants after a shutdown are significant. They have to procure enough/sufficient PPE. Restaurants will have to innovate or fold.

 

[eyephone]

Not a conspiracy at all. It happened in plain view.

The juice flowed even before the the lemon squeeze.

Hence, funds never gotten to the small shops and emptied quickly and the second rounds lined up.

On another note. Just because they get the PPP loans does not mean the business will survive. If the business fail, does the government take over?

 

[irvinebullhousing]

Not a conspiracy at all. It happened in plain view.

The juice flowed even before the the lemon squeeze.

Hence, funds never gotten to the small shops and emptied quickly and the second rounds lined up.

On another note. Just because they get the PPP loans does not mean the business will survive. If the business fail, does the government take over?

True, while I know lots of shops will want to open and continue in the aftermath of this great repression, when the cost math added, it is too much risks and significant ramp up cost upfront with low return is certain. The borrowers calculate the beta and better to walk away with the funds and BK called. Many business will go under because of this math.