Should US open economy sooner in May or wait more.

Discussion in 'Economics' started by 1957may10, Apr 21, 2020.

  1. NJ governor Murfy opened parks. It was no parking space available in parks this Saturday.
    Those all what NJ have opened so far.
     
    #281     May 3, 2020
  2. Governor NY Cuomo: 1.7 m people came from Europe to NY on February.
     
    #282     May 3, 2020
  3. Pekelo

    Pekelo

    That is a 24 hours (4 am to 4 am) report not a daily death. Nobody else is reporting May 1st being the biggest number (by no less than 500 deaths), so I am not counting it. Also some states may have rebalanced their numbers and added some from the previous days.

    Again, this would be a huge news, yet no major network reported it. So let's stick to the close to 2K number.

    "The WHO data differs from data collected by the U.S. Centers for Disease Control and Prevention, which does not report historical daily Covid-19 deaths. The CDC’s site says that 2,349 people died in the U.S. of Covid-19 on May 1. "
     
    #283     May 3, 2020
  4. I believe US is underreporting cases in Florida and Texas to align with Trump's message of the worst being over.
     
    #284     May 3, 2020
  5. Pekelo

    Pekelo

    Everybody is under reporting BOTH numbers. Because of only sporadic testing, we don't know the real already affected people's number either. It is much bigger than what is reported. In some communities it can be 25% already.

    The real death numbers will be known a year from now, when we compare annual death data and we will see the increase.

    So the question is because of insufficient data: Which number is MORE under reported, the death or the affected?? If the first, the virus is more deadly, if the second, it is less deadly.
     
    #285     May 3, 2020
    Whynottrade likes this.
  6. Since May 1st twenty states already partly opened. Exposed and death counts - the sources coming from independent hospitals and summarized by John Hopkins University. So it should not be underreported.
    We are talking about 20 states in total. I’m realistically pessimistic, however in my opinion, we past the curve. Therefore The total number of exposed will increase. However, delta should be in range with past.
    So, it will be in “acceptable “ level, sadly.
     
    #286     May 3, 2020
    Whynottrade likes this.
  7. easymon1

    easymon1

    Should US open economy sooner in May or wait more.

    If these are all up to paar, we got no problems. uh huh.

    Next Week's Major U.S. Economic Reports & FED Speakers
    Time (ET) Report Period Actual Median Forecast Previous
    MONDAY, MAY 4
    10 am Factory orders March 0.0%
    TUESDAY, MAY 5
    8:30 am Trade deficit March -$39.9 billion
    9:45 am Markit services PMI April 27.0
    10 am ISM nonmanufacturing index April 52.5%
    WEDNESDAY, MAY 6
    8:15 am ADP employment report April -27,000
    THURSDAY, MAY 7
    8:30 am Initial jobless claims 5/2 N/A
    8:30 am Productivity Q1 1.2%
    8:30 am Unit labor costs Q1 0.9%
    FRIDAY, MAY 8
    8:30 am Nonfarm payrolls April -701,000
    8:30 am Unemployment rate April 4.4%
    8:30 am Average hourly earnings April 0.4%
    10 am Wholesale inventories March -0.7%

    https://www.marketwatch.com/economy-politics/calendar

    ~~~~~~~
    https://global-premium.econoday.com/byweek.asp?cust=global-premium
     
    #287     May 3, 2020
    1957may10 likes this.
  8. Number of exposed people sure more underreported then deaths.In my opinion at least as much total or more than exposed reported.
    NY antibodies test shows 15% vs we have 3% of NY population.
    Means could be 5 times more exposed then we have.
     
    #288     May 3, 2020
  9. NQurious

    NQurious

    All red states should open immediately and all blue and purple states should sit back and watch.
     
    #289     May 3, 2020
    Whynottrade likes this.
  10. That what we have! I’m living in blue state NJ. What I can say. NJ opened only parks so far. All parking lots filled with cars in parks. People behave as crazy. Sick and tired siting at home. I can tell you, if NJ governor will not open beaches on Memorial, crowd will “eat him without salt”.
    Moral: sooner or very soon all states will be open, dude.
    This is not my agenda, but this is life.
     
    #290     May 3, 2020