Topic: The Covid19 Curve is Flattening - page 6. (Read 988 times)

Yeah at the moment humanity (us especially) are doing leap of faith - soon enough a lot of people will be ill again and its only a matter of time when next peak will occur (imo obviously)
so if scientists,doctors,nurses etc. will provide a vaccine just in time humanity will be saved and so will be our economy

Firstly lockdown didn't even work out, because a lot of people never still stayed indoors, despite everything they were coming outside. I don't think that people are ready to stay indoors anymore. Even if there happens to be another spread (which I don't pray to happen) I don't think that people are ready to stay on lockdown, just like I have said at first. The best we can do is to wear masks and wash hands regularly, and try as much as possible to stay safe by maintaining distance and avoiding handshakes and things that can lead to being infected by the virus.

Already there are enough warning about possible second wave of covid19 as in recent times, there were sudden cases on Beijing but fortunately as most countries have not lifted restrictions on internal travelers, I guess there could be less chances for any spike in the spread of covid19 any more. It may keep going flatten and then will fall down.

First of all, I think the government cannot handle everything.
We must also work this out.

Many of us lose their job which means the economy could also fall down.
But, there are still other ways to make money.
Some of us are hit hard by the virus but yet we cannot stay idle and just stay still in the corner crying especially those with families.
I have learned that lesson years ago even without a virus that is killing our economy.
The government will provide what they can but we must also use our own unique methods to make it through.

Who are this group of people trying to start a second wave of covid-19 to be called covid20? who started the first wave? kindly provide a credible fact and not just conspiracy theories.

The halving-four years theory might not hold as used to be foretasted because the economic wave is not the same as is always in the previous ones..
so, expect a high uncertainty when it comes to bitcoin price rising by next year

It is a sure fact that for the economy to experience real growth, people must be involved in economic activities. Without that, the growth that will be witnessed is a rise in price(inflation-caused growth). I feel the main reason why some countries are re-opening their business is to avoid the micro-economic and macro-economic impacts of the pandemic. People will die more from hunger than from covid-19, if the economy is not reopened for a long time.

Hence, there must be a trade-off.

---

This is the best part of this response. the human spirit is sound and strong, which is needed for invention and innovation of solutions to emerging problems. We have seen how humans developed technologies that brought civilizations.

I have written couple of articles on the rise of remote working trend. The question had been which is more effective "workplace working or remote working?"

Remote working will save cost of operation to businesses, as this article put it:https://3srules.com/blog/beautiful-side-remote-working/   

[moderator's note: consecutive posts merged]

I fully agree with you, any new wave of corona will be not as severe as the first one. Our understanding of the virus was basically not existent at the beginning of this year. Everyone thought it only a local virus in China. Who would have thought that it will spread all around the world so quickly? Even if people won't be immune towards the next wave of corona we will still be better equiped to deal with the new outbreak. Also, the people are more sensible now towards the subject. For example all people wearing masks in public was not being thought of in western country. And now its the new reality. We humans are resilient.

It simply cant be harder then the first time. 1. some already have immunity (sadly in countries that locked down strict not that many).  2. companies and businesses are more ready. They remodelled business processes and they modified their working environment to have their workers more isolated.  3. there is more available hospital beds and respirators and more available masks as it was in first wave.  So this are 3 reasons why economy will not be hit as hard as in first wave. What will be hit harder is People, company and country budgets. For the first wave they had saved reserves. Now those reserves are dried out and second wave will be pure debt.

I hope not, dude. That would be even so frightening. I'm not frightened for myself, but also for my family and even for other people around the world.

I can't also bear to see others suffering. I wish I could do something like donate but I can't since I'm not financially stable and I don't have a job at the moment. The least I can do is pray for those who are greatly affected.

Anyway, the continuous increase in the positive cases cannot be stopped unless there would be mass testing (in our country) and a vaccine available that could fight the virus. But given the current situation, we cannot simply stay at home while starving. Good thing (somehow) is, some businesses are opening and the economy will slowy rise up again. Though some people would really have to go outside and work, and put their lives at risk. Hence, safety protocols must be strictly implemented and people should follow and cooperate for the safety of everyone.

I agree with you that the economy is suffering so much because everything is closed If everything is opened the economy will be restarted We have to be careful to keep the situation normal You can't go outside without a need. Try to avoid public gatherings The more I stay at home the safer it is The situation will get worse if we go back to walking freely.

The situation might be just a normal situation, people get infected and some will die, that would be the normal thing, and the big changes is that we will be roaming in the street wearing mask. I am hoping this problem will soon be over but as of now there has been no vaccine yet so what we can only do is just to minimize going outside to avoid getting infected and I think the economy will survive as long as the government will open businesses with strict protocol in place all the time.

Since this is not the first time humans have faced the economic crisis I guess it won't be much depressing after couple of years when everything reset to normal.

I have observed we as humans make fuzz of something bad to extreme levels, start thinking more worst case scenario's but it has occurred that we always comes up with the solution and forget what was happened. It's funny and proves primordial behaviour.

Let me put the years here when we almost lost us due to crisis but we stood again and living in 21st century.

the Great Depression 1932;
the Suez Crisis 1956;
the International Debt Crisis 1982;
the East Asian Economic Crisis 1997-2001;
the Russian Economic Crisis 1992-97,
the Latin American Debt Crisis in Mexico, Brazil and Argentina 1994-2002, and
the Global Economic Recession 2007-09

I guess we shouldn't be worried about the current one as well if we gotten through all the above when we had NO RESOURCES.

The problem now is people need to familiarize themselves with the new normal. Still, many of them don't care about that, and many people are together in the public area, which can get infected from the asymptomatic or the carrier of the virus itself. I think they feel bored to stay at home for more than 3 months so when the new normal was used, they feel that they now can go out from home, and meet their friends or partner in the public are. That is so worrying because we don't know if there will be no second wave of Covid-19.

The situation is now really very difficult. Very stringent measures were taken in most states to combat the spread of coronavirus and this led to the collapse of economies and worsening people's lives. Despite a further deterioration in the situation, governments are loosening quarantine measures, as people are on the verge of mass protests. It is even difficult to predict what will happen next. Apparently, we cannot avoid a global economic crisis. However, this does not preclude starvation riots. The governments of most states were not ready for such serious measures to combat coronavirus. They copied the actions of other governments and made many mistakes.

If there's a spike in the spread of COVID19 again, we should be expecting more worse scenario because the government believed the only way to reduce/prevent the spread of the pandemic is to stay at home because there are some individuals which will never comply to the good proper hygiene procedures.
Let just hope the vaccine is detect.

Actually in our country flattening of the curve not yet happen but government is now open,the transportation are back,many people back to work again and some business companies are now operating again. The problem is the number of covid positive keep on increasing. It's really difficult that the government start a new normal despite of the increasing number of affected.

It's true that necessity is the mother of invention. This pandemic has proven it be a truism and a very strategic quote. I am of the opinion that to prevent the spread of this pandemic, certain activities should be held via telecommunication devices such as Zoom, Sasaitalk, Google meet etc. we have seen the online meeting devices innovation rising due to the e-meeting trends.

The way forward is to operate virtually and physically at this time.

---

Bad debt will characterized the money market and the capital market this period. Bad debts from businesses, individuals and from government, this will cause an untold downturn to the global economy.

Leaders of developing countries have come up with a debt management strategy for their countries. They are demanding the IMF and UN for a grace period not to pay interest rate for certain years. Who will bear the brunt of this strategy? Its obviously the investors.

[moderator's note: consecutive posts merged]

Where are you from (if you don't mind me asking)?

Here in Europe the curve is indeed flattening - for now, at least. The situation is becoming more and more relaxed but this also gives people a false feeling of security. The German virologist Christian Drosten for example just warned in his recent podcast that he thinks the whole situation will look worse again in a month. I get it, it's summer holiday, the weather is great, we all want to go outside and have fun but we shouldn't ignorantly act as if the whole thing is over now and we're all good. The situation in other parts of the world - and it seems like this is the case for you - isn't looking good at all but rather grim and should pose as a warning for all who take things too lightly. It's no coincidence that, as someone mentioned earlier in this thread, the WHO just recently reported the biggest increase in new cases per day.

It will be a tough decision for the politics worldwide how to deal with the ongoing crisis and a possible second wave. I do not want to be the one who has to weigh the death of (potentially) thousands against the long-term economic damage that the countermeasures would cause. But I am pretty sure that no country could completely shut down its whole economy for much longer/a second time.

I got your point here. If there is a reawakening of the pandemic or a rising of the pandemic curve after almost completely flattened, what i think will happen is more job loss and more companies becoming bankrupt. The government can not help but to make money cheap for the people, this will lead to inflation.

the overall effect will be the negative chain reaction of the monetary policies the government will put in place, it could lead to hyper-inflation.

The flattening curve of covid19 makes more people complacent and that's the scary part of it because it gets more people  infected in our country on daily basis and that's not a good sign of progress at all. With all the restrictions lifted more people go outside even it's not necessary anymore that's why fighting this pandemic will always start from the scratch. Many loss their job and many companies shutdown due to crisis, only the vaccine will save us and to our world economy as well.

Guess the government has learnt their lesson and won't be as stupid as they were in the first instance that lead to them closing all business which resulted to a global crisis that was even more deadly than the Covid19 pandemic. In some countries, many died from hungry then they did to the virus as a result of their source of living been put on hold. Most below average individuals depends on a daily income that only takes them and their family throughout the day meaning if they don't work for that day, they can't eat and cater for other important things.

There were different ways the pandemic would had been tackled without total shutting down the economy. Educating the general public and informing them on the ways to comport themselves, staying hygienic and sanitizing their hands at every public center would had been a preferable choice and I believe that'll be the better solution in a scenario where your assumptions comes into reality.