OV9

NotoriousREV wrote: Mon Mar 16, 2020 8:38 am

Broccers wrote: Mon Mar 16, 2020 8:25 am Anyone got Thomson shares? Ouch.

I’m glad I sold all of my On the Beach shares when I did.

Well, you self isolated yourself from the tourism industry in a very timely manner

NotoriousREV wrote: Mon Mar 16, 2020 10:08 am

Sundayjumper wrote: Mon Mar 16, 2020 9:27 am You can console yourself knowing that I have money in a FTSE100 tracker. Ho-hum. It'll recover eventually.

Yep. You’ve only lost money if you actually sell now.

Maybe buy some more?

I avoided visiting some older relatives at the weekend. I've got a bit of a tight chest* but no temperature, no continuous cough, but am WFH just in case it does get worse.

*brother in law who's a paramedic wondered if it was a residual ache from the harnesses last weekend but I don't think we crashed that quickly!

NotoriousREV wrote: Mon Mar 16, 2020 10:08 am

Sundayjumper wrote: Mon Mar 16, 2020 9:27 am You can console yourself knowing that I have money in a FTSE100 tracker. Ho-hum. It'll recover eventually.

Yep. You’ve only lost money if you actually sell now.

I used to think that too. Selling at a loss and using the money to buy at a lower level is far wiser.

This will be my last day in the office now. Going to be fun two of us wfh! I'm also going to prep our spare bedroom later in case a quick isolation is required

Swervin_Mervin wrote: Mon Mar 16, 2020 10:53 am I'm also going to prep our spare bedroom later in case a quick isolation is required

Euphemism?

mik wrote: Mon Mar 16, 2020 11:15 am

Swervin_Mervin wrote: Mon Mar 16, 2020 10:53 am I'm also going to prep our spare bedroom later in case a quick isolation is required

Euphemism?

I wish

50 boxes and Kleenex and KY Jelly later...

This is a good article from the Washington Post. Watch the simulations.

mik wrote: Mon Mar 16, 2020 11:15 am

Swervin_Mervin wrote: Mon Mar 16, 2020 10:53 am I'm also going to prep our spare bedroom later in case a quick isolation is required

Euphemism?

He’s going to build a little fort.



Dave!

The question is like answered most is why is our government doing something very different from pretty much every other country. They keep telling us the experts are being listened to, so why can’t they share what the strategy is and why?

Because that’s what the simulation said. As for how accurate the simulation is...

The answer is ban short selling.

Watch the usa market get suspended today.

Broccers wrote: Mon Mar 16, 2020 1:23 pm The answer is ban short selling.

Watch the usa market get suspended today.

They have circuit breakers at 7% (20 minute suspension for everyone to calm the fuck down), 13% (Another 20 minute break, we warned you!) and 20% (no more trading for the day, go home and think about your life choices).

They’ve already suspended once today and they’ve only been trading an hour.

Free market economy my ass

This is probably just my own bias showing but a lot of the response to this that we've seen from the UK and US seems to be more focused on stopping our unsustainable economic system from collapsing rather than actually helping people.

The impact of the economy coming crashing down will probably result in much more suffering than this corona could cause.

ZedLeg wrote: Mon Mar 16, 2020 2:33 pm This is probably just my own bias showing but a lot of the response to this that we've seen from the UK and US seems to be more focused on stopping our unsustainable economic system from collapsing rather than actually helping people.

Yes, because stopping economic collapse does nothing to help people...

I watched The Big Short yesterday. They quoted the stat that every additional 1% unemployment leads to 40,000 deaths in the US.

I'm not saying they should just let it collapse but the balance between protecting the markets and protecting the population seems off to me.

Boris's mad herd immunity idea (I swear someone in his office has misunderstood how it works) looks to me like they're trying to push through the epidemic as quickly as possible with a high human cost being acceptable.

The US managed to find like $1.5 trillion to prop up the markets for what, half an hour? But they can't pay people sick pay or guarantee that any vaccine that comes will be affordable to people without insurance.

Again this is almost certainly my bias but it looks like they're protecting the money at the cost of people.