Which makes it even harder to understand how 94.6% of Idiot Dems voted in Philadelphia (and Wisconsin etc).
He didn't have handlers. That's why he walked around for 4 years with a soiled diaper. Just look at that face. That should have been the clue, but the handlers were just as clueless. Buh bye Chumpie.
That was one of Sweden's initial arguments for not having a Lockdown... To save the economy but they quickly realize that as a trade dependent country...those they trade with and have Lockdowns...it does in fact impact Sweden's economy. They also learned quickly early in the Pandemic that they are economically dependent upon their tourism industry. They greatly felt that economic impact when tourists from nearby countries were not allowed to leave those countries because of border closures. I have not looked recently at their GDP numbers but early in the Pandemic it had declined significantly in comparison to the prior years...not sure what the recent quarter results are for Sweden. My point, if your country GDP is dependent or connected to other countries...what happens in those other countries will in fact impact your GDP regardless if Sweden Lockdown or did not Lockdown. Also, what's the impact of a country that doesn't lockdown but instead uses restrictions or measures ??? Seems to me there's not much difference between the lockdown, restrictions or measures if its having the same impact on the GDP, deaths and mental well being but other countries have proven via the 1st Wave that Covid infection that Lockdowns itself do in fact lower infections, hospitalizations and deaths. Yet, we've learn that the Re-Opening process are very problematic and too complex for many countries to manage properly which is why we're now in a 2nd Wave. Simply, we know for fact that Lockdowns work but the Re-Opening failed...people just weren't careful (lack of face mask wear, lack of hand washing and lack of social distancing)...all three go together... Doing just one and not the others is an illusion which is why we're now in this 2nd Covid-19 wave. Also, there's so much misinformation going around the world and here at ET by people critical of wearing a face mask when in reality many people wearing a face mask are often seen pulling down their face mask to have conversation with others or not wearing the proper face mask and not social distancing. I recently learned of a friend that's now in the hospital with positive Covid-19. His wife told me over the telephone that she doesn't understand how he got it because he always wore his face mask. Yet, she doesn't think the bar that they visit often that's typically over capacity during the Pandemic health restrictions was problematic. Simply, no social distancing while wearing a face mask. You can not do just one and not the other...gotta do all three...wear a face mask, social distancing and hand washing. Ridiculous to see people pulling down their face mask to have a conversation with someone. We Reap what we Sow wrbtrader
As noted by Blackrock and other Wall Street firms that financial damage from COVID is a tiny fraction of the 2008 financial crisis. The economy will spring back quickly once a vaccine is deployed. In as short period of time, under 12 months, after the vaccine is deployed the economic impact of government lockdowns in 2020/2021 for COVID will be viewed as a minor blip in the road from a economic perspective. It will be remembered a long time from a public health failure perspective.
Because Blackrock isn't financially incented on making the public come back into the market at all, right? As I said, a complete lack of understanding in Finance. The financial damage caused by shutdowns is neither minimal nor short term, as you claimed.
We will just wait to see how quickly the economy snaps back after a vaccine is widely deployed and make a judgement based on all the economic data at that point. Clearly most Wall Street firms and many economists disagree with your assessment.
The financial damage caused by shutdowns is minimal. Short term. I know these people were relieved when I told them this.