Wuhan Coronavirus: Megathread - Got too big

[dopy]

Of course that's shitty but the $ shouldn't be that devalued vs other world currencies right? They're all getting fucked by this too.

everything's made up and the numbers don't matter

$23 trillion man-hours in mspaint btw

 

[mindlessobserver]

luckily the Fed has an answer for predicaments like this!

The Fed can't loan money to individual citizens.

And oh shit, my brain is already thinking over the second and third order effect.

Overnight the US unemployment rate will skyrocket to at least 9%. Worse none of these people will be officially "fired" they will still be on the resteraunt payroll. But since they are almost all tipped or hourly workers they will not be making money. Which means under current rules they would not qualify for unemployment assistance. They also won't be looking for other employment as they hope their current job will reopen "soon" or possibly won't be able to find another job if the closure goes on long enough.

And that is just the IMMEDIATE effect. Here is where it starts to get really freaky.

All of those resteraunts occupy land and constitute property tax and sales tax revenues for their local states and municipalities. Local governments are going to be facing a major hole in their budgets. And not an insubstantial one.

But wait, there's more. Who supplies all these restaurants? With them all shuttered, warehousing, freight and distribution companies are going to get hit in the blast. While not the immediate target they are still going to fry as well. Particularly companies that rely on the resteraunt industry like PFG. Those people may suddenly find themselves out of work too.

This in turn will have a knock on effect on the energy sector as all those stoves are no longer cooking with Gas, and no more Diesel is being burned to bring the steaks to the steak house. At a very bad time for the energy sector due to the price war between the Russians and the Saudis.

Then there are the distillers and the brewers. Particularly the craft ones. Those guys operate on VERY small margins. This is going to murder the craft beer industry.

So they furlough their workers, and stop supplys, further impacted the freight hauliers and energy sector.

And then comes April 5th, Rent day. Car Loan day. Mortgage Day. Credit Card day.

All those warehousing companies and employees, all those freight hauling companies and employees, all those gas and oil workers, distillers, brewers, all those cooks, servers, delivery drivers and waiters, even some local counties and cities, suddenly don't have enough debits to cover their credits.

And that is when you will start to see some shit.

 

[Dog-O-Tron 5000v5.0]

I‘m in Vegas and that would kill the city. Also a two month ban on gatherings over 50 people would effectively end the school year around the country.

I have some bad news for you...

All Las Vegas MGM casinos, hotels to temporarily close

MGM Resorts International announced Sunday it is temporarily suspending operations at all Las Vegas properties “until further notice” effective Tuesday.

www.reviewjournal.com

MGM Resorts International announced Sunday it is temporarily suspending operations at all Las Vegas properties “until further notice” effective Tuesday.

Casino operations are set to close Monday, followed by hotel operations. The company will not be taking reservations prior to May 1.

The Las Vegas-based company operates the Bellagio, MGM Grand, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, and Park MGM. It also owns 50 percent of CityCenter, which includes Aria and Vdara.

 

[cantankerous jackalope]

1189850[/ATTACH]

Oh my god this gif lmao

 

[Shield Breaker]

The Fed can't loan money to individual citizens.

And oh shit, my brain is already thinking over the second and third order effect.

Overnight the US unemployment rate will skyrocket to at least 9%. Worse none of these people will be officially "fired" they will still be on the resteraunt payroll. But since they are almost all tipped or hourly workers they will not be making money. Which means under current rules they would not qualify for unemployment assistance. They also won't be looking for other employment as they hope their current job will reopen "soon" or possibly won't be able to find another job if the closure goes on long enough.

And that is just the IMMEDIATE effect. Here is where it starts to get really freaky.

All of those resteraunts occupy land and constitute property tax and sales tax revenues for their local states and municipalities. Local governments are going to be facing a major hole in their budgets. And not an insubstantial one.

But wait, there's more. Who supplies all these restaurants? With them all shuttered, warehousing, freight and distribution companies are going to get hit in the blast. While not the immediate target they are still going to fry as well. Particularly companies that rely on the resteraunt industry like PFG. Those people may suddenly find themselves out of work too.

This in turn will have a knock on effect on the energy sector as all those stoves are no longer cooking with Gas, and no more Diesel is being burned to bring the steaks to the steak house. At a very bad time for the energy sector due to the price war between the Russians and the Saudis.

Then there are the distillers and the brewers. Particularly the craft ones. Those guys operate on VERY small margins. This is going to murder the craft beer industry.

So they furlough their workers, and stop supplys, further impacted the freight hauliers and energy sector.

And then comes April 5th, Rent day. Car Loan day. Mortgage Day. Credit Card day.

All those warehousing companies and employees, all those freight hauling companies and employees, all those gas and oil workers, distillers, brewers, all those cooks, servers, delivery drivers and waiters, even some local counties and cities, suddenly don't have enough debits to cover their credits.

And that is when you will start to see some shit.

Holy shit, get a paper bag and calm down.

 

[Beavis]

I have some bad news for you...

All Las Vegas MGM casinos, hotels to temporarily close

MGM Resorts International announced Sunday it is temporarily suspending operations at all Las Vegas properties “until further notice” effective Tuesday.

www.reviewjournal.com

MGM Resorts International announced Sunday it is temporarily suspending operations at all Las Vegas properties “until further notice” effective Tuesday.

Casino operations are set to close Monday, followed by hotel operations. The company will not be taking reservations prior to May 1.

The Las Vegas-based company operates the Bellagio, MGM Grand, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, and Park MGM. It also owns 50 percent of CityCenter, which includes Aria and Vdara.

Yeah it’s bad. My bro works at the Wynn and was laid off.

 

[dopy]

The Fed can't loan money to individual citizens.

And oh shit, my brain is already thinking over the second and third order effect.

Overnight the US unemployment rate will skyrocket to at least 9%. Worse none of these people will be officially "fired" they will still be on the resteraunt payroll. But since they are almost all tipped or hourly workers they will not be making money. Which means under current rules they would not qualify for unemployment assistance. They also won't be looking for other employment as they hope their current job will reopen "soon" or possibly won't be able to find another job if the closure goes on long enough.

And that is just the IMMEDIATE effect. Here is where it starts to get really freaky.

All of those resteraunts occupy land and constitute property tax and sales tax revenues for their local states and municipalities. Local governments are going to be facing a major hole in their budgets. And not an insubstantial one.

But wait, there's more. Who supplies all these restaurants? With them all shuttered, warehousing, freight and distribution companies are going to get hit in the blast. While not the immediate target they are still going to fry as well. Particularly companies that rely on the resteraunt industry like PFG. Those people may suddenly find themselves out of work too.

This in turn will have a knock on effect on the energy sector as all those stoves are no longer cooking with Gas, and no more Diesel is being burned to bring the steaks to the steak house. At a very bad time for the energy sector due to the price war between the Russians and the Saudis.

Then there are the distillers and the brewers. Particularly the craft ones. Those guys operate on VERY small margins. This is going to murder the craft beer industry.

So they furlough their workers, and stop supplys, further impacted the freight hauliers and energy sector.

And then comes April 5th, Rent day. Car Loan day. Mortgage Day. Credit Card day.

All those warehousing companies and employees, all those freight hauling companies and employees, all those gas and oil workers, distillers, brewers, all those cooks, servers, delivery drivers and waiters, even some local counties and cities, suddenly don't have enough debits to cover their credits.

And that is when you will start to see some shit.

yeah but

money printer




go brrrrr

I have some bad news for you...

All Las Vegas MGM casinos, hotels to temporarily close

MGM Resorts International announced Sunday it is temporarily suspending operations at all Las Vegas properties “until further notice” effective Tuesday.

www.reviewjournal.com

MGM Resorts International announced Sunday it is temporarily suspending operations at all Las Vegas properties “until further notice” effective Tuesday.

Casino operations are set to close Monday, followed by hotel operations. The company will not be taking reservations prior to May 1.

The Las Vegas-based company operates the Bellagio, MGM Grand, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, and Park MGM. It also owns 50 percent of CityCenter, which includes Aria and Vdara.

NO NO NO NOT THE CASINORINOS

in all honesty though it's kind of (sardonically) funny that so much of our industry is actually just bullshit services and entertainment and most of our production is in another country that has had its productivity collapse as well
brilliantly designed economic system. very cool.

 

[737 MAX Stan Account]

my body really chose the most non-apropos time to get a cold.

 

[JosephStalin]

"whats so hard to believe"
Well, if you believe China's numbers, there have been only a handful of new infections for over a month, yet most of the country is still under full lockdown (evident from sattelite imagery and livestreams).

It's a chance mutation that spread to humans because Chinese are so mentally exceptional they ate raw bat and spread the disease through horribly filthy open markets filled with gutter oil. This shit would have not started in a civilized country.

Human rights violations are now permissible if there is a virus now? Quarantine does nto mean "seal people into tombs where they can throw the dead out of windows" They are so serious that they implemented measures, like gathering all the sick together in one place, that help spread the disease, then crowd people into sham hospitals that collapse and leak like sieves while disappearing any doctors that tried to raise the alarm or speak out about the government's horrendous treatment of patients and the situation as a whole.

They are not treating this like a recession, they are treating this as a plague. Cutting interest rates and throwing money at the problem keeps people from working while sick and spreading the disease further. The more links you remove out of the viruses spreading chain, the more likely it will collapse and burn itself out. Closing schools, bars, restraunts, banning public gatherings, ece all cuts down on the infection rate and slows the disease down in every respectable way.

I think backfad is a Chinese troll. Have put him/her/it on ignore. They just started today. Guess the Ministry of Public Security finally got around to us.

 

[Chad Nasty]

Breaking911 on Twitter

“BREAKING: Los Angles Mayor enacts moratorium on evictions; orders shut down of all entertainment sites, including bars, nightclubs, movie theaters, gyms, arcades and restaurants, also urges places of worship close”

twitter.com

 

[Disrespected Pronouns]

I think backfad is a Chinese troll. Have put him/her/it on ignore. They just started today. Guess the Ministry of Public Security finally got around to us.

Back when all this started the China Shills were going hard with the "It's just a flu bro, it's fake news that we are welding people into their apartments to die you don't want to be racist, right??," so now that it's time to pivot and start hammering the US they need new accounts without post history

Reminder that Unit 731 did nothing wrong

 

[Turnip_Head]

At a very bad time for the energy sector due to the price war between the Russians and the Saudis.

Their is no price war. Demand is gone.
G.
O.
N.
E.
China was the global oil demand.
Now nobody can raise oil prices because their is no demand.
What Saudi Arabia wants Russia to do is scale back production because that’s always been their play. “Global Oil prices low? No problem just get the OPEC gang together and scale back production.”

Except Putin can’t scale back production, because unlike the princes of Saudi Arabia Putin has these things called “political obligations”. He can’t afford to put so many Russians out of a job by scaling down production. He also might need his oil industry to be at a certain operational capacity for national security reasons.

It’s basically the same reason why the United States won’t scale back production. Jobs, politics, and Nations security concerns about what will happen if production gets scaled down.

 

[JosephStalin]

Back when all this started the China Shills were going hard with the "It's just a flu bro, it's fake news that we are welding people into their apartments to die you don't want to be racist, right??," so now that it's time to pivot and start hammering the US they need new accounts without post history

Reminder that Unit 731 did nothing wrong

Not going to work. CCP has long since lost the propaganda war, not to mention any scrap of credibility. Too many YT, Twitter, and other videos out there.

 

[DNA_JACKED]

I just got back from the store. WE have 1 confirmed infection in the country confirmed today. With DeWine shutting down all eat in restaurants in conjunction, there was quite the haul on stores.

All TP was gone. Again. For some inane reason. All the cleaning products were picked clean, the potatoes, bananas, carrots, green veggies, pre packaged meat, frozen pizzas, bread, baked goods, and canned goods were virtually gone. And despite going at night on a sunday, the place was about as busy as it would normally be during the afternoon.

People be panicking. Thankfully, the perishables I went for were all still in stock, and I'm ready to start the 3 week staycation. So many games to play and books to read.

Best of luck to everyone out there as the country grinds to a halt.

I think backfad is a Chinese troll. Have put him/her/it on ignore. They just started today. Guess the Ministry of Public Security finally got around to us.

Yeah, I saw that after he kept going on his tangent. All I have to say to Backfad is:

CHINA NUMBAH FOAH, TAIWAN NUMBAH ONE!

 

[Turnip_Head]

in all honesty though it's kind of (sardonically) funny that so much of our industry is actually just bullshit services and entertainment and most of our production is in another country that has had its productivity collapse as well
brilliantly designed economic system. very cool.

If trump fails to capitalize on this then he is literally as retarded as the media says he is.
It’s literally his campaign pitch - manifest!

 

[the fall of man]

California Governor Gavin Newsom closed all bars, halved occupancy of restaurants, and quarantined all 65-and-older (so basically, not Tim Cook) here in California.
Two coronavirus testing centers, both in the bay area (San Mateo and Santa Clara counties) so Google and Apple are safe, LA is outta luck.

Edit: Corrected; restaurants not closed

 

[737 MAX Stan Account]

At some point, I suspect it will become clear that the Democrat voting urban/coastal parts of the country have a higher infection rate than the Republican voting rural/inland parts. And that will set up a very interesting dilemma. If Trump quarantines them he'll be accused of targeting them because they are Democrat voting, not because of the higher infection rate and there will be a huge shitstorm from the usual media idiots.

I might die of laughter if the democrats' demographic tomfuckery ends up falling apart before they can benefit from it

 

[Iuz]

If trump fails to capitalize on this then he is literally as exceptional as the media says he is.
It’s literally his campaign pitch - manifest!

I imagine this will spur a massive economic boom in the Northern Mariana Islands.

 

[melty]

Holy shit, get a paper bag and calm down.

@mindlessobserver is not wrong though. I wouldn't even say that's the worst thing that is going to happen to the financial system, that is kind of a minor problem compared to some of the other problems happening.

 

[JosephStalin]

I might die of laughter if the democrats' demographic tomfuckery ends up falling apart before they can benefit from it

Was sent this NYT map of the locations of cases in the USA.

Tracking Every Coronavirus Case in the U.S.: Full Map

Maps show the extent of the coronavirus outbreak and the number of cases and deaths by state.

www.nytimes.com

Last I heard, Fuhrer Newsom was just urging bars/restaurants to close, or in the case of restaurants, cut serving area by 50%.