panic??

[notes1]

the media, with all their bias/prejudice, may not want to report any good news, but, the stock market is telling the truth for them.

investors don't have a bias, they just want to make money. and, what they are telling us (at least for right now) is that the worst fears may be over. the economy will have a long way to go, but, at least we may be able to restart the economy sometime soon.

the media can/will lie, but the markets don't. who you gonna trust?

[tech58]

Back in 2005 there was a detailed nationwide plan put in place to deal with a pandemic like we see today.

Clearly spelled out, were responsibilities and physical stockpiles of equipment and medical supplies for
Federal,State,and local governments.

The Federal gov.created an agency to develop and oversee their part of the plan. The national stockpile went up and down thru the year, as Presidents came and went ( no Bill Clinton pun intended).
But, when funding became available, the agency performed about like any other Fed. agency.

The States, on the other hand did LITTLE or NOTHING, still gladly accepting funds intended to allow them to meet their requirements. Michigan used the money to build roads!!

Local Governments? They never even heard of the plan!!

So how did we get to the situation today?
A governor of the hardest hit state is a media darling for pointing out the Fed. shortfall in bailing out his totally unprepared state!!
Gov. Witless of Michigan blasts Trump for slowness in bailing out her totally unprepared State with her own political reasons being obvious!!

Would welcome any answers to my question.

[notes1]

the governors of states like ny and mich get elected because they promise to continue the pattern of;

-giving as much 'free stuff' away to as many as possible, to buy their votes.
-create as large a 'public employee' workforce as possible, for more 'guaranteed' votes.
-include tax payer funded giveaways to illegals, more votes in the future.
-get as many citizens dependent upon gov't as possible. job security, they need you.
-of course, all this free stuff and gov't dependent workers and citizens, cost money. tax the heck out of as many as possible, until they can't take it and leave. that is exactly what has happened in nys and mich.

all those current giveaways mean something has to go, like planning for a pandemic health problem. don't worry, if their state is unprepared, just call upon the feds to cover their shortfall. and, if you are a liberal state, and trump is potus, the media will back you up, saying it is all trumps fault.

[tech58]

Exactly Notes,very well said. Unlike the average voter YOU have been paying attention.

Could it be that another lib.dem/media attempt to destroy Trump is back-firing? His approval rating is rising and is at an all time high.

Maybe that average voter is seeing thru the smoke-screen.

[Carcounter]

Phil Murphy just instituted a non work order for all residential construction projects. I just hired my son in law, who was laid off to do a new paver patio in the back yard and now he can't start till Phil gives the ok. I see a lot of residential construction going on in my town and the workers are all young, look healthy and are doing their best to social distance. I am in favor of being cautious, but this is counterproductive.

[notes1]

CC, agree. as the task force stated, their mandates at the beginning were done blunt. now, we can be more laser focused. as i have said from beginning, the older more vulnerable population needs to take greater precautions. older/sicker folks should do this for their own good.

how risky can it be to allow a paver patio to be installed? again, the fault of the media. the governors who have shut down their state the most, whether it was necessary or not, have gotten the most kudos. any pol, who doesn't prohibit everything, is denigrated by the press.

i know it is not over, but after all the crap the florida gov took, one would have thought the whole state was going to be infected and die. just looked at nyt national map, 3rd most pop state, 370 poor souls have died compared to over 7000 in nys.

it is time to start thinking about slowlyyyyy reopening the country.

[tech58]

The re-opening/ upstroke,will face the same petty,mean-spirited,political,criticism from the lib.dem/media as the crisis/downstroke.
They have played politics with this since day one, and are again blocking legislation that is aiming to help.
Two months ago their 2020 hopes were in the tank. They saw this building crisis as a possible savior.
Their game-plan is to obstruct,criticize,delay prolong,the lives at stake are not as important to them as political gain is.
They have,to their everlasting shame,proven that they do not care about the American people.

[FloridaPhil]

There are many lessons to be learned from this pandemic. Last year I read an article that I believe was by Mark Cuban. He warned investors of a coming crisis. He said we needed to stockpile enough cash to last 1-2 years without income. He said those who heeded his warning would come out better when the crisis is over. When I read that, I couldn't imagine what the crisis would be. Now we know.

Hindsight is always 20/20. Monday morning quarterbacks always know how to win the game. Funny how some people always seem to get it right.

[Bobbi]

He did it before, and he will do it again. We just have to wait this out, same as waiting out a bad run on a vp machine. #TRUMP.PENCE.2020

[FAA]

investors don't have a bias, they just want to make money. And, what they are telling us (at least for right now) is that the worst fears may be over. Economy will have a long way to go.
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Important caveats. That V shaped economic curve that GS posited seems to be out the window. I'm now hearing of a W curve. So we'll hit another bottom. They're saying early August.