COVID-19 #2 The Mutation
Like you can talk about science in here and stuff but also politics and whatever related to COVID, just try to keep the other thread free of shitposting please.
Original thread for posterity: http://forums.netphoria.org/showthread.php?t=187716 |
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well so much for not shitposting
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Seriously?
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The dude on the left is knocking on an invisible door.
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just the facts, ma'am
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https://nymag.com/intelligencer/2020...l-roubini.html
The economist (and host of a biweekly economic news broadcast) does expect things to get better before they get worse: He foresees a slow, lackluster (i.e., “U-shaped”) economic rebound in the pandemic’s immediate aftermath. But he insists that this recovery will quickly collapse beneath the weight of the global economy’s accumulated debts. Specifically, Roubini argues that the massive private debts accrued during both the 2008 crash and COVID-19 crisis will durably depress consumption and weaken the short-lived recovery. Meanwhile, the aging of populations across the West will further undermine growth while increasing the fiscal burdens of states already saddled with hazardous debt loads. Although deficit spending is necessary in the present crisis, and will appear benign at the onset of recovery, it is laying the kindling for an inflationary conflagration by mid-decade. As the deepening geopolitical rift between the United States and China triggers a wave of deglobalization, negative supply shocks akin those of the 1970s are going to raise the cost of real resources, even as hyperexploited workers suffer perpetual wage and benefit declines. Prices will rise, but growth will peter out, since ordinary people will be forced to pare back their consumption more and more. Stagflation will beget depression. And through it all, humanity will be beset by unnatural disasters, from extreme weather events wrought by man-made climate change to pandemics induced by our disruption of natural ecosystems. |
that's a big paragraph. many words and sentences smashed together. think about your audience. like, i could read all those words if they were spaced in a thoughtful way. the text on netphoria is much smaller than the site you may have gotten that from. ack! mine eyes.
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Poll: will massive amounts of guns protect me from the covids?
1. yes 2. yes 3. spa_cedsslol |
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Even though forecasting the global economy is the most interesting part of economics to us laypeople, my understanding is that very little scholarship in the field is devoted to that, and that most economists don't presume to be able to predict how the entire world economy will look in a few years. Instead, they devote their attention to more bounded questions.
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he's white! You don't need to have any basic humanity in you to deal with his shit!
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You sure he’s white? I’m getting no readings from the board’s EWHDA (early warning honky detection apparatus)
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Can't imagine why the KKK and Nazis love this government
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Human Capital Stock
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they also don't research what the whole ocean will look like in 5 years, but if i wanted an answer to that question i would trust a marine biologist over other voices.
either way the economy is fucked. as someone generally in favor of degrowth tho, hard to get too upset abt it. i have been thinking degrowth is inevitable, and since there is zero chance of policy makers moving that direction thoughtfully/deliberately, itll have to be a painful process. |
Can we get you to flesh that out a little?
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one of my friends tested positive for COVID. She's ok right now but sick at home. She's a nurse and midwife. But she's been around a lot of COVID patients.
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I hope that involves fattening foods and an expanding waistline. Hear you've got chickens.
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AMERICA IS NOW GREAT
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:banging:
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i bet that was fun to make!
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wow
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