US Economy finally rebounds in the right direction.

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Quote from: BrewMaster on January 10, 2021, 11:45:39 AM

Quote from: jaysabi on January 09, 2021, 04:01:45 PM

What do you mean by this? Several vaccines have shown great efficacy against the virus (90% or better). When upwards of 70% of the population has been immunized, the whole population will be considered to have reached herd immunity.

vaccines against viruses have never been something that humans could come up with in such a short time ever. it always takes years of failure before they can make something with a decent enough efficiency. i am highly skeptical of the results being reported from these vaccines that were suddenly found in such a short time!

in any case that part was my skepticism but this other part isn't, none of these viruses have shown any effects whatsoever on the new strains that are starting to be found such as the South African and UK strains.

I am highly skeptical also with this vaccines they were trying on humans including the new strain. I think they will need to do more research and testing about it because the news is really creating a fud for them. There might be a side effect or something but in order to know that they really need a lot of volunteers to be injected with these vaccines. At least they won't have to start from nothing since they have some similar data from the covid-19.

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Quote from: BrewMaster on January 10, 2021, 11:45:39 AM

Quote from: jaysabi on January 09, 2021, 04:01:45 PM

What do you mean by this? Several vaccines have shown great efficacy against the virus (90% or better). When upwards of 70% of the population has been immunized, the whole population will be considered to have reached herd immunity.

vaccines against viruses have never been something that humans could come up with in such a short time ever. it always takes years of failure before they can make something with a decent enough efficiency. i am highly skeptical of the results being reported from these vaccines that were suddenly found in such a short time!

in any case that part was my skepticism but this other part isn't, none of these viruses have shown any effects whatsoever on the new strains that are starting to be found such as the South African and UK strains.

I also completely agree with your opinion and am also skeptical about those vaccines that are now offering people for vaccination. These drugs do not even meet the standards and have not passed clinical trials. But nevertheless, the virus proved that the whole world can be easily manipulated, because in the current situation this is exactly what happened, when certain circles skillfully controlled medicine, scientific researchers and even the media, manipulating public opinion and achieving their results.

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Quote from: jaysabi on January 09, 2021, 04:01:45 PM

What do you mean by this? Several vaccines have shown great efficacy against the virus (90% or better). When upwards of 70% of the population has been immunized, the whole population will be considered to have reached herd immunity.

vaccines against viruses have never been something that humans could come up with in such a short time ever. it always takes years of failure before they can make something with a decent enough efficiency. i am highly skeptical of the results being reported from these vaccines that were suddenly found in such a short time!

in any case that part was my skepticism but this other part isn't, none of these viruses have shown any effects whatsoever on the new strains that are starting to be found such as the South African and UK strains.

jaysabi

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Quote from: Spaffin on January 09, 2021, 12:37:38 PM

One way or another, from all the information received, which is from official sources, as well as from other news media channels, it can be concluded that no vaccine meets all the criteria that should overcome the coronavirus and give immunity to humans. Is it worth taking this risk and putting yourself at another risk by acting as a laboratory rabbit for research.

What do you mean by this? Several vaccines have shown great efficacy against the virus (90% or better). When upwards of 70% of the population has been immunized, the whole population will be considered to have reached herd immunity.

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Quote from: Spaffin on January 09, 2021, 12:37:38 PM

One way or another, from all the information received, which is from official sources, as well as from other news media channels, it can be concluded that no vaccine meets all the criteria that should overcome the coronavirus and give immunity to humans. Is it worth taking this risk and putting yourself at another risk by acting as a laboratory rabbit for research.

No it isn't worth the risk putting yourself by testing out the vaccines. But if you're already a COVID 19 patient and the risk is already too high for you then putting up yourself on for testing the vaccines that are scientifically proven to fight off the virus then why not.
That's why there are various of vaccine are being created right now which are scientifically believed that can fight off the virus, these vaccines are tested out on some lab rats as human testing are unethical that why the criteria of these haven't overcome the coronavirus yet.
Anyway, as things go well then so is the economy and even before the vaccines are created the people are adjusting to the new norm which makes the economy bounce back to normal.

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One way or another, from all the information received, which is from official sources, as well as from other news media channels, it can be concluded that no vaccine meets all the criteria that should overcome the coronavirus and give immunity to humans. Is it worth taking this risk and putting yourself at another risk by acting as a laboratory rabbit for research.

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Quote from: STT on January 03, 2021, 09:13:50 PM

The second dose increases the percentage chances of immunity I think its not an absolute requirement . Where doses are short or the country poor I doubt people will receive more then 1 injection this year via the state anyway. That might be enough or possibly some mistake but as production continues it should get easier to do 2 doses anyway, when we are talking so many millions and the whole country then its going to be an entire year to even raise immunity levels with a vaccine and no solution is perfect; I think we start to see a pandemic type contagion diminish and disappear about August 2021 onwards. Its more important about mutant variants and if they continue to be covered by a vaccine developed.

Anyway I wanted to post this chart I saw on the Bitcoin price vs the debt issued of the largest economies, the loose monetary policy is giving an advantage to higher pricing on a few assets including Bitcoin at this time.

I have already posted a link, about the official statement from Pfizer. They have confirmed that as of now there is no proof to show that a single dose of the vaccine gives any sort of immunity from COVID 19. On top of that, while the vaccines from Pfizer and Moderna are single-component vaccines, the Sputnik -V vaccine of Russia is a multi-component vaccine. It comprises of two different components and that means that the first dose and the second dose is comprised of different ingredients.

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The second dose increases the percentage chances of immunity I think its not an absolute requirement . Where doses are short or the country poor I doubt people will receive more then 1 injection this year via the state anyway. That might be enough or possibly some mistake but as production continues it should get easier to do 2 doses anyway, when we are talking so many millions and the whole country then its going to be an entire year to even raise immunity levels with a vaccine and no solution is perfect; I think we start to see a pandemic type contagion diminish and disappear about August 2021 onwards. Its more important about mutant variants and if they continue to be covered by a vaccine developed.

Anyway I wanted to post this chart I saw on the Bitcoin price vs the debt issued of the largest economies, the loose monetary policy is giving an advantage to higher pricing on a few assets including Bitcoin at this time.

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Quote from: Smartprofit on January 01, 2021, 10:52:21 AM

Quote from: Juggy777 on December 23, 2020, 12:00:28 AM

I don’t even have to say it but it’s been a horrible year for the US economy, but as we finally bid this year a goodbye it seems that the US economy is finally starting to rebound in the right direction. Furthermore where businesses are allowed to remain open those states are recording low number of unemployed people, which shows that a recovery in the short term is quiet possible don’t you’ll think so?.

~
In addition, China is actively cooperating with African countries. Its goal is to develop the natural resources of this continent.

China do not cooperate with Africa, rather they colonize because the countries in Africa are fooled by a debt trap by China that they cannot pay, so they have to pay a higher price, namely their country.

The economies around the world were affected by the pandemic, with the development of the anti-covid-19 virus, gradually economic activity will return to normal.
Regarding how the economic development this year really depends on the policies taken by the government, each country will have a different economic resurgence

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Quote from: DrBeer on December 30, 2020, 09:54:49 AM

In the modern world, no matter how much someone would like it or not, the world economy is very dependent on the US economy. There are several reasons for this:
- "blood" of the world financial system - the dollar
- The US market is the largest consumer market in the world. And how much he consumes has a very strong impact on producers from the rest of the world. No consumption - no production, or rather it becomes unprofitable and leads to overproduction with all the ensuing problems
I can list many more, but these are quite enough

Correct, the problem is that the supposed recovery of the US economy is nothing but a mirage, the stock market is doing well after the crash it suffered when it was announced the coronavirus was a global pandemic, however the number of businesses that filed for bankruptcy are never coming back, those people do not have money to start new businesses and no amount of loans and money printing policies will bring those jobs back, and the rest of the businesses still in place are not hiring or are automating processes as well and they are firing people as well so things are not looking good for the US economy.

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Quote from: Sithara007 on January 01, 2021, 12:30:52 AM

2.8 million have received their first dose. But in order to achieve immunity from COVID 19, two doses are required, and the second dose will be administered after 3 weeks from receiving the first dose. So technically, none of these people have been vaccinated. They have received the first dose, but I will not consider them as "vaccinated" until one week passes after their second dose.

And regarding the AstraZeneca vaccine, normal Phase III trials have shown that its efficiency is around 70%. They tweaked the results and added some filters, to claim that it is up to 90% effective. I don't believe in the second number.

BTW, Pfizer has confirmed that single dose of vaccine is not effective against COVID 19. It requires two doses: https://www.axios.com/pfizer-single-dose-data-716702dd-324f-42b9-b88d-07df43ca198a.html

Basically it is semantics, it "started" in the sense that they got their first doses, so you could say that "people are still not vaccinated but the vaccination processes has started with 2.8 million people getting first dosage" if you want to. Yet people prefer to say "vaccination has started" it is a lot simpler and it does tell you everything you need to know. We still need a lot more vaccination, we need about 2-3 billion people vaccinated, which probably means about at least 5 billion vaccines given to all around the world.

Big nations will want to be the first one, but the reality is that no matter how much you vaccinate yourself, if everyone around you is not vaccinated that means you are not going to be safe neither, so this time around those big nations need to help all the smaller and poorer countries to get as many vaccination as possible too not to help others only but to help themselves too.

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Quote from: Juggy777 on December 23, 2020, 12:00:28 AM

I don’t even have to say it but it’s been a horrible year for the US economy, but as we finally bid this year a goodbye it seems that the US economy is finally starting to rebound in the right direction. Furthermore where businesses are allowed to remain open those states are recording low number of unemployed people, which shows that a recovery in the short term is quiet possible don’t you’ll think so?.

Sources:

https://www.cnbc.com/2020/12/22/us-gdp-q3-2020-final-reading.html

https://www.bloombergquint.com/global-economics/u-s-economic-rebound-is-patchwork-of-virus-risk-and-rules

I do not know all the details about the situation with the US economy.

However, in my opinion, the situation around China is a negative moment for the prospects for US economic development. China is actively creating its own financial system and economy focused on the domestic market. For China, this is a very real task, since the population of this country is more than 1 billion people.

In addition, China is actively cooperating with African countries. Its goal is to develop the natural resources of this continent.

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The American economy does not prevent anything at least now to take and rise again-except that the United States now has as president a left-wing fan of blacks and the unemployed, as well as 100% taxes, Mr. Biden.
There can be no talk of a rapid and successful economic recovery where the government only came to raise taxes on everything around.

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Quote from: Lucius on December 27, 2020, 09:52:26 AM

Quote from: Sithara007 on December 27, 2020, 12:17:36 AM

The mass vaccination program hasn't yet started in the United States and the Pfizer vaccine is very unstable and needs to be stored at minus 70 degrees. Looking at the number of ultra-deep freezers in the US, it is going to take ages to vaccinate everyone with this vaccine. And the vaccine from Oxford/AstraZeneca, which doesn't need such ultra-low temperature to store has shown a very low efficiency.

How it didn’t start when about 2 million people were already vaccinated? The US also has an approved Moderna vaccine that only needs minus 20 Celsius, and as far as Pfizer is concerned, it is true that it must be at minus 70 Celsius, but after thawing it can be stored in a regular freezer for 5 days. AstraZeneca also seems to have found a way to make its vaccine effective, at least that's how it was announced a few hours ago.

2.8 million have received their first dose. But in order to achieve immunity from COVID 19, two doses are required, and the second dose will be administered after 3 weeks from receiving the first dose. So technically, none of these people have been vaccinated. They have received the first dose, but I will not consider them as "vaccinated" until one week passes after their second dose.

And regarding the AstraZeneca vaccine, normal Phase III trials have shown that its efficiency is around 70%. They tweaked the results and added some filters, to claim that it is up to 90% effective. I don't believe in the second number.

BTW, Pfizer has confirmed that single dose of vaccine is not effective against COVID 19. It requires two doses: https://www.axios.com/pfizer-single-dose-data-716702dd-324f-42b9-b88d-07df43ca198a.html

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Quote from: Lucius on December 27, 2020, 09:52:26 AM

Quote from: Sithara007 on December 27, 2020, 12:17:36 AM

The mass vaccination program hasn't yet started in the United States and the Pfizer vaccine is very unstable and needs to be stored at minus 70 degrees. Looking at the number of ultra-deep freezers in the US, it is going to take ages to vaccinate everyone with this vaccine. And the vaccine from Oxford/AstraZeneca, which doesn't need such ultra-low temperature to store has shown a very low efficiency.

How it didn’t start when about 2 million people were already vaccinated?

He is in a world of his own.
The only thing that he is a bit right is that at the current pace vaccination is going (up by only 1 million in the four days since your last post) it will indeed take quite a lot, but this is just the beginning, a lot of logistic challenges need to be solved and it was also a pretty bad period with Christmas and New Years Eve.
For the rest, what a mess, I am curious where did he get the number of ultracold freezers in the US when all the publications claim nobody has real statics how many are there, and culminating with the low efficiency of the Zeneca vaccine but forgetting there are also other alternatives like Moderna who can be stored at just below -20 degrees, that is something a normal household freezer is capable of keeping.

The only thing I'm concerned about right now is the immunization period. If the rest of the world is not capable of vaccinating themselves till the effects of the vaccine wear off (if! they do) then next year we're back to square one and this time it will be ten times worse economically.

Quote from: MCobian on December 29, 2020, 07:44:18 PM

Maybe because one of Biden's policies is to lock down, hopefully Biden changes his mind.

There will be no country-wide lockdown, he has already changed his mind, he knows nobody can afford this on top of what happened already.

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Quote from: Mauser on December 30, 2020, 10:31:21 AM

In my opinion the USA economy is still a good indicator for the hole world. If the USA can make a recovery then it won't take long for other countries to follow. USA is still the leading country in the world and a lot of orrger countries depend on the demand from America. This is a pretty good sign did all the stock investors. We should see higher returns in the near future.

It's not so clear. On the one hand, the pandemic leads to an increased death rate and the introduction of restrictions by government agencies, on the other hand, thanks to huge cash injections, the stock market not only continues to experience a decline, but in the face of many issuers continues to break exchange rate records, which leads to inevitable fears about an inflating bubble in the stock market and bad consequences for the market after the pandemic.

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Lockdowns imposed by Biden may offset this recovering economy of the US next year, but accompanied with better healthcare and public awareness, this should help out the country recover in the long run instead of pursuing and pushing the economy to recoever as wuickly as possible without a proper contingency plan.

Quote from: samcrypto on December 26, 2020, 07:42:04 PM

Pfizer vaccine made a good contribution for that rebound and hopefully we are now going to the right path we’re used to be. Anyway, I just heard that Trump is planning a Martial law because Biden defeated him and I don’t know what will be the impact of this one, but I’m sure there will be another problem if this things will push through. We are all suffering because of the pandemic, I wish for the fast recovery especially on a developing countries.

Hopefully the vaccine Pfizer was making would be able to catch up to the fast evolution rate of the virus, if not we'll be risking a couple more dead people, more infrastructures closing and businesses dying out, and stricter lockdown imposed on the country. This will badly hurt the economy and may even make it hard for the US to recover on the long run.

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In my opinion the USA economy is still a good indicator for the hole world. If the USA can make a recovery then it won't take long for other countries to follow. USA is still the leading country in the world and a lot of orrger countries depend on the demand from America. This is a pretty good sign did all the stock investors. We should see higher returns in the near future.

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In the modern world, no matter how much someone would like it or not, the world economy is very dependent on the US economy. There are several reasons for this:
- "blood" of the world financial system - the dollar
- The US market is the largest consumer market in the world. And how much he consumes has a very strong impact on producers from the rest of the world. No consumption - no production, or rather it becomes unprofitable and leads to overproduction with all the ensuing problems
I can list many more, but these are quite enough

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Quote from: Sithara007 on December 27, 2020, 12:17:36 AM

Quote from: samcrypto on December 26, 2020, 07:42:04 PM

Pfizer vaccine made a good contribution for that rebound and hopefully we are now going to the right path we’re used to be. Anyway, I just heard that Trump is planning a Martial law because Biden defeated him and I don’t know what will be the impact of this one, but I’m sure there will be another problem if this things will push through. We are all suffering because of the pandemic, I wish for the fast recovery especially on a developing countries.

The mass vaccination program hasn't yet started in the United States and the Pfizer vaccine is very unstable and needs to be stored at minus 70 degrees. Looking at the number of ultra-deep freezers in the US, it is going to take ages to vaccinate everyone with this vaccine. And the vaccine from Oxford/AstraZeneca, which doesn't need such ultra-low temperature to store has shown a very low efficiency.

Not true. The AstraZeneca vaccine has similar efficacy rates as the Pfizer vaccine. The AstraZeneca vaccine was shown to have efficacy rates up to 90% when a lower first dose was used, while Pfizer is slightly higher at 95%. Both are extremely good. You're also forgetting Moderna which has a 95% efficacy rate. The Pfizer vaccine is far from the only solution.

https://www.theguardian.com/society/2020/nov/23/astrazeneca-says-its-coronavirus-vaccine-has-70-per-cent-efficacy-covid-oxford-university

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