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To: rb22982

I’m sorry. Stop worrying about the economy in the short term. It’ll be fine in the long run. Shutdowns work. Lodi, Italy, shut down on 2/23. Bergamo waited until 3/8. Witness the difference...
https://twitter.com/donmoyn/status/1239239417715396609/


37 posted on 03/15/2020 3:38:29 PM PDT by irishjuggler
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To: irishjuggler
Short term impact? 1) hahah you dont' understand how the system works apparently. This will likely make 08-09 look like a walk in the park at this rate. Businesses CANNOT handle a 50-100% drop in revenue for any length of time. It was down on average about 5-10% in 08-09 for a comparison for most industries.
2) What happens when you re-open for business? This thing will return almost immediately with global trade. So if you don't fully re-open you are talking about tens of millions of jobs - GONE, an insane amount of bankruptcies, nearly every US bank detonating, etc.

And you are missing the point. The rate for people under 65 is NO DIFFERENT than the flu. 65+ should isolate, avoid hugs/kisses, wipe things down, etc. Encourage people to work from home. That's all you need to do to bend the curve.

41 posted on 03/15/2020 3:45:44 PM PDT by rb22982
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