Wuhan Coronavirus: Megathread - Got too big

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As of an hour ago, US banks are no longer required to maintain any reserves.

How The Federal Reserve ‘Broke The Internet’ - Everything You Need To Know

The Fed Rate drops to 0%, issues new stimulus, eliminates reserve requirement. What does this all mean?

www.forbes.com

 

[AprilRains]

For some reason, this says a lot while also saying nothing at all.

The article said plenty. The rate of growth appears to be decelerating. As long as we keep practicing social distancing measures, there's a good chance that trend continues.

Or did you just really want to be mad and panicky?

 

[TwinkLover6969]

As of an hour ago, US banks are no longer required to maintain any reserves.

How The Federal Reserve ‘Broke The Internet’ - Everything You Need To Know

The Fed Rate drops to 0%, issues new stimulus, eliminates reserve requirement. What does this all mean?

www.forbes.com

Withdraw all your cash.

 

[Shield Breaker]

If I may derail slightly.

You can get a gaint ass tv at walmart for 200 bucks. a "house hold" with a few people could come up with that kinda money, and a stolen or 2nd hand vidya shit is rather cheap. Personal electronics are not really luxeries anymore.

most apartments come with a stove and a hot plate or toaster oven can work in a pinch.

But durable goods are a one time "cost" ether from a hustle or from stealing. or flipping burgers what have you.

The real issue is recuring cost for consumablies like drugs or beer or booze or what ever.

Personally I think take out or drive through still being open is fucking insane. close them as for the next 2-3 weeks.

I doubt there's a working stove in section eight housing apartments. Hood rats pull the fucking pipes out to sell.

So we're up to 50k a day infected, great! Looking at 1-3 million infected by Easter. 1 million best case, 2 likely 3 worst case.

Our numbers are jumping here because we're testing. Could there be a spike? Maybe, but there's no way to tell right now.

What is the coronavirus survival rate? - Los Angeles Times

archived 26 Mar 2020 03:35:56 UTC

archive.li

Thought someone might find this interesting .....

Loss of smell or taste may be a symptom of coronavirus infection - Lo…

archived 26 Mar 2020 02:24:17 UTC

archive.li

Asthma only 8% fatality? Good thing I'm not known for hitting a string of 1's on my rolls.

Influencer reportedly hospitalized with coronavirus after licking toilet

A California social media prankster claims he was hospitalized with the coronavirus — just days after posting a video of himself licking a toilet bowl for a nauseating online challenge. The TikTok …

nypost.com

So my new theory is that corona chan was sent by god to destroy clown world. Like first Harvey Weinstein gets it, then Kathy Griffin, Madonna is freaking the fuck out that being rich won’t save her, and now this exceptional individual who does the corona challenge might die from the corona challenge.
This might be up there for the most exceptional choice of 2020.

Is that Madonna?! Why do they all start looking alike after a certain amount of plastic surgery?

 

[Underestimated Nutria]

diarrhea. most have diarrhea.

no time for ground report today. here's a related thing though.

https://www.nytimes.com/2020/03/25/nyregion/nyc-coronavirus-hospitals.html

Fascinating. I heard diarrhea was extremely uncommon!

I have heard so much conflicting information from extremely intelligent, well versed professionals, who at least usually, to their credit, expressed a certain degree of uncertainty in their own opinions; but this pandemic is an interesting case study on the spread of information and misinformation, the process of science on a grand scale, etc. The other day I was told by someone who should know that hydroxychloroquine ought not be taken until after a few days of sickness; now I'm hearing it's essential to have it as soon as possible after diagnosis ...

P.S. I vaguely recall the 19th century having something like a primitive ventilator, is that right, what was it called?

 

[Aib Ld]

As of an hour ago, US banks are no longer required to maintain any reserves.

How The Federal Reserve ‘Broke The Internet’ - Everything You Need To Know

The Fed Rate drops to 0%, issues new stimulus, eliminates reserve requirement. What does this all mean?

www.forbes.com

Can someone put this on small layman terms? Is this a good or bad thing? Does this mean I need to get my cash out of the bank?

 

[Xenomorph]

doctors stockpiling Plaquenil writing fraudulent scripts.
Send story on fraud scripts

 

[ADHD]

VCU in Richmond, VA has begun removing students' belongings from their Honors dorm to make room for KungFlu patients. (Reddit thread)(Reddit thread #2) (Twitter thread). At least they're not just haphazardly throwing all their shit on the ground outside like that one Chinese university did several hundred pages ago.

VCU will be doing clinical trials of the antiviral drug remdesivir. Perhaps this is for that purpose?

EDIT: VCU has put out a response on Twitter. It's preparation for a surge of patients.

 

[StarkRavingMad]

The article said plenty. The rate of growth appears to be decelerating. As long as we keep practicing social distancing measures, there's a good chance that trend continues.

Or did you just really want to be mad and panicky?

Not all. I just don't trust the numbers coming from China right now, and it seems that a lot of these studies have put a lot of stake in them, even though the Chinese government has been lying about all of this since day one.

Right now, I feel okay and not panicked at all about the United States' numbers, honestly. Don't get me wrong, I don't feel fantastic about them, but I'm not seeing an Italy situation around the entire country. Yes, the number of confirmed cases has blown up in the past week, but that was to be expected with the amount of testing we're doing now compared to a week ago. The death rate nationally seems to be lower considering the amount of cases, which means that curve looks like it's going to be flattened sooner than later. The biggest problem areas right now will remain to be California and New York for quite a while.

I just feel that the article was saying all of this "optimistic" stuff, while ending it with a sensationalist question to get people panicked all over again. So, to me, that's basically saying a lot without saying much.

 

[Xerxes IX]

I read that there's a hospital in California that's doing testing for Remdesivir. It was announced this week. I'm hoping there's some success in that. There was also an inmate in the Santa Ana jail that got the virus, so that's going to be a bad time.

Yeah, they're doing clinical trials at the UC Irvine Medical Center in Orange. Checked for any news and it was used on a coronavirus patient with pneumonia (who had preexisting conditions that'd put her at more risk of dying) in the Bay Area and she recovered, so it seems to have had some success already. In this case she was accepted into a different clinical trial that Gilead, the company that developed Remdesivir, is doing.

 

[Lame Entropy]

Anyone know how covid deaths are being determined? Germany seems to be underreporting and Italy's overreporting a bit, where does the U.S fall?

 

[iterator]

Up from a little over 200 to 283 confirmed cases in New Zealand in one day. It's almost like our bimbo PM should have stopped carriers coming in in the first place.

People who have been travelling between the islands have been given very little time to get back home. Very dangerous.

https://archive.is/AlZq8

The local liquor stores have put up makeshift internal barricades and parked vehicles in front in an attempt to deter ram raids unless someone pulls them away first. I give them a week or so before that happens.

 

[Shield Breaker]

Withdraw all your cash.

Why? The economy will have to be a lot worse for banks to go insolvent. At the same time, the virus is able to live on cash for some days. That was one of the major vectors in China IIRC.

Can someone put this on small layman terms? Is this a good or bad thing? Does this mean I need to get my cash out of the bank?

The Fed continues to be absolutely worthless. Instead of pausing activity while everyone is forced to stay home and then pull their 'levers' once activity starts back up, they did it when it would have the least impact.

As for withdrawing your money, you can if you want to be a panicking doomer who looks rețarded to your bank when you eventually have to reopen your account. Besides the economy not being that bad, so many people do everything by electronic payment these days, the likelihood of an actual run resulting in insolvency is highly unlikely. If you must, take out a decent amount of cash to calm your nerves, but thinking that we are repeating the great depression is just doom sperging.

 

[Dolphin Lundgren]

Yeah, they're doing clinical trials at the UC Irvine Medical Center in Orange. Checked for any news and it was used on a coronavirus patient with pneumonia (who had preexisting conditions that'd put her at more risk of dying) in the Bay Area and she recovered, so it seems to have had some success already. In this case she was accepted into a different clinical trial that Gilead, the company that developed Remdesivir, is doing.

That's very good news. I hope it continues to work on other patients.

 

[Allanon]

Withdraw all your cash.

do anything OTHER than withdrawing your cash. Pulling it out and forcing the banks to admit they don't have it will force them to collapse and shut down. That's what triggered the Great Depression.

 

[Mr. Manchester]

Withdraw all your cash.

Lol, your mattress isn't going to save your cash from inflation.

 

[#zzz]

do anything OTHER than withdrawing your cash. Pulling it out and forcing the banks to admit they don't have it will force them to collapse and shut down. That's what triggered the Great Depression.

Yes, everyone should do a panic run on the banks, surely that will not cause any issues or incite even more panic buying and eventually rioting or looting. Oh, he must be one of those anarchist types.

 

[Without A Gout]

Withdraw all your cash.

FDIC federally insures all cash in bank accounts up to $250,000 per person.

Your money is fine.

 

[Arctic Fox]

do anything OTHER than withdrawing your cash. Pulling it out and forcing the banks to admit they don't have it will force them to collapse and shut down. That's what triggered the Great Depression.

No it wasn't. There are a large variety of factors that led to the Depression, but run on banks certainly did not help.

 

[TwinkLover6969]

FDIC federally insures all cash in bank accounts up to $250,000 per person.

Your money is fine.

We'll see whos laughing when the banks start limiting you to only 20 dollars a day.

Look at what happened in Venezuela when they had hyperinflation. Gonna quote this when you are all farming runescape gold.