Fully reopening likely won't get us the full economic benefit either, as the % of our GDP from international trade won't fully recover either. Travel to/from the US and "clean" nations will likely be problematic until we get our case load under control.
???Your point is well taken, but technically, the lack of international trade should drive the GDP numbers higher. GDP = Private Consumption + Gross Investment + Government Investment + (Exports - Imports). Since we have been a net importer of goods (trade deficit ~$600 billion) for a while now, all else equal we would see an increase in GDP. The all else equal part might be a problem though...
Hey now, as a mask wearer AND a Prius driver, I resent this pic!
Your point is well taken, but technically, the lack of international trade should drive the GDP numbers higher. GDP = Private Consumption + Gross Investment + Government Investment + (Exports - Imports). Since we have been a net importer of goods (trade deficit ~$600 billion) for a while now, all else equal we would see an increase in GDP. The all else equal part might be a problem though...
Some people talk about the impact to the economy like it's having to change their travel plans, or not being able to buy their favorite item at the grocery store. Where the fuck has all the critical thinking gone when considering the real impacts that have already been loosed by this China Virus?We will have an economic crisis until we no longer have a public health crisis.
https://www.dailymail.co.uk/ushome/index.htmlEradicate is a strong word and it has a specific technical definition. Those other examples are "eliminated" either worldwide or at least in certain regions. There's probably another term that comes before elimination, and so on...
https://www.dailymail.co.uk/ushome/index.html
The DM is a bit out there, but the Mayor of LA seems to be going along the lines of what I meant by my post. I still think that the bar is getting set very high in certain locations.
That won't end well. If I recall correctly, L.A. has a long and storied history of civil unrest.
Was in LA for the first time in a few weeks yesterday. Significantly more cars on the freeways and I even briefly hit some no-shit stop-and-go. My pax loads are slowly increasing too. People are saying fuck it. Government can't enforce these lofty goals.That won't end well. If I recall correctly, L.A. has a long and storied history of civil unrest.
Unless it’s a crowd of geriatrics, I’m not too concerned. Protect and isolate those vulnerable until treatment breakthrough/vaccine/herd immunity.We will eventually have a large group of people without masks in close proximity yelling while there is an asymptomatic super spreader (say it, don’t spray it) in the mix. It could have been at the Castle Rock coffee shop the other day. A whole bunch of people will suddenly get sick.
Unfortunately, that is what it is going to take so people can develop a realistic understanding of the risk.
The Whitehouse would be there now, but they’ve got the testing regimen to get back out in front of it.