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Post by dan1 on Mar 2, 2020 23:20:30 GMT
Yes, but AFAIK the vast majority of cases which result in death are with the elderly (75+) and/or with pre-existing conditions. This is in the data and is significant when thinking of appropriate response. I'm not sure I should even be thinking about this but if this is true (I've no idea btw) and short term upheaval aside would we not expect markets to rise? A cull of the unproductive rump to re-energise global growth - putting it bluntly. It's certainly no stint down the gym but no pain no gain.
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Post by dan1 on Mar 2, 2020 23:00:00 GMT
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Post by dan1 on Feb 28, 2020 20:31:16 GMT
I did wonder if Mr F was supplying the modular buildings for all those Coronavirus pods popping up at hospitals and GP surgeries?
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Post by dan1 on Feb 28, 2020 12:02:48 GMT
it's about how businesses can adapt to the new normal - to put it in corporate speak, how "agile" is that business <---- bugbear of mine, since when did the corporate world get to redefine the meaning of "agile". Is it a redefinition? "Able to move quickly and easily." "Able to think and understand quickly." www.lexico.com/en/definition/agileSeems to fit. That apart, it's been used to describe organisations and management since the 90s, at the very least... and that's ignoring the use of the word as the name of a specific software development metholodogy - itself dating to 2001. I would argue that what business will need to demonstrate is adaptability far more than agility in the event of a global pandemic. Yes, dealing with the outbreak will benefit from an agile response from Govts, NGOs and the like (they need to implement lock-downs, develop vaccines, etc faster) but ultimately businesses must adapt to their new environment. It's largely semantics though and not really relevant here.
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Post by dan1 on Feb 28, 2020 11:43:41 GMT
The theory goes that humankind needs a pandemic or two to control population growth and cull the weak, thereby improving the resilience of the population that survive to the benefit of future generations. As unpalatable as that may seem I do wonder whether it applies equally to our capitalist economies where zombie companies persist on a neverending diet of cheap debt. Long term a pandemic may help us fight climate change and prevent our economies from falling into long periods of stagnant growth. Beat you to it... p2pindependentforum.com/post/369863/threadOoops... I'm finding it difficult to keep track because I just can't shake off this fever, dry cough and sore chest
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Post by dan1 on Feb 28, 2020 10:44:29 GMT
The theory goes that humankind needs a pandemic or two to control population growth and cull the weak, thereby improving the resilience of the population that survive to the benefit of future generations. As unpalatable as that may seem I do wonder whether it applies equally to our capitalist economies where zombie companies persist on a neverending diet of cheap debt. Long term a pandemic may help us fight climate change and prevent our economies from falling into long periods of stagnant growth. If markets crash, I suspect central banks will make money even cheaper. Lack of imported parts may well take zombie companies down, but I can't see it being higher interest rates any time soon. I'm not really talking about a market crash but an economic collapse. And just to be clear, from where we are now I don't think this virus will do the job. Anyway, it's not about imported parts and/or interest rates, those are second order effects, it's about how businesses can adapt to the new normal - to put it in corporate speak, how "agile" is that business <---- bugbear of mine, since when did the corporate world get to redefine the meaning of "agile". I digress.... a simple example, all those businesses that discouraged working from home, flexible arrangements, and instead cramming their staff into ever tighter offices may be the first to fall. The likes of Chevron may survive. Well, that's my hope
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Post by dan1 on Feb 28, 2020 10:15:32 GMT
The theory goes that humankind needs a pandemic or two to control population growth and cull the weak, thereby improving the resilience of the population that survive to the benefit of future generations. As unpalatable as that may seem I do wonder whether it applies equally to our capitalist economies where zombie companies persist on a neverending diet of cheap debt.
Long term a pandemic may help us fight climate change and prevent our economies from falling into long periods of stagnant growth.
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Post by dan1 on Feb 27, 2020 22:38:32 GMT
Rhetorical question time....
Q. Why is it proving difficult to contain this virus?
A. Greed+
+Those familiar with the FS board may recognise my simple answer to all ills <---- quite literally as in the case of this situation!
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Post by dan1 on Feb 25, 2020 18:03:29 GMT
Speaking at the launch of the report, Asleep at the Wheel, Miller said: “Andrew Bailey’s tenure as chief executive of the FCA has been characterised by a toxic cocktail of negligence, incompetence and indifference to the needs of ordinary depositors, investors and pensioners. On his watch, tens of thousands of Britons have lost money – in many cases losing their life savings which has devastated their lives, families and business.”No s**t.. au contraire... and not all of it in the loos
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Post by dan1 on Feb 25, 2020 13:49:58 GMT
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Post by dan1 on Feb 24, 2020 20:24:47 GMT
I know it's stating the obvious but as it doesn't appear to have been stated yet I'll do it..... when healthcare systems become saturated the mortality rate itself will increase dramatically (exponentially at first?). If it's 2% now then what would it be when all those with pre-existing medical conditions, inc respiratory illnesses, can't get admitted to HDU or ICU? And this ( I actually stated this too earlier in the thread). A consequence of overwhelmed medical facilities is that mortality rates for *everything* will go up. Not just coronavirus and related complications. apologies, I'm only dipping in and out.... call it blissful ignorance
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Post by dan1 on Feb 24, 2020 20:11:35 GMT
I know it's stating the obvious but as it doesn't appear to have been stated yet I'll do it..... when healthcare systems become saturated the mortality rate itself will increase dramatically (exponentially at first?). If it's 2% now then what would it be when all those with pre-existing medical conditions, inc respiratory illnesses, can't get admitted to HDU or ICU?
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Post by dan1 on Feb 23, 2020 8:53:45 GMT
Greed
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General P2x Discussion - Polls Only
P2P in 2020
Feb 21, 2020 20:43:20 GMT
Post by dan1 on Feb 21, 2020 20:43:20 GMT
I've always had a soft spot for Lending Works, I've met the co-founders who are genuinely nice people and trying to do the right thing (unlike many chancer start-ups in the sector). They don't always get it right, but they act with honesty and integrity. I think their weakness has been a lack of credit risk expertise, and that was clear in the over double bad debt rates to that forecast (and hence money lack of money put in their Provision Fund). But they've tried to put that right with some key hires in the last 12-months. The damage was done and the 6.5% wasn't sustainable. The solution was reasonable, perhaps badly communicated and implemented. Returns are probably more appropriate now and sustainable (regular readers will know I think many lenders are too greedy, and come a cropper with the likes of Lendy, which was clearly a disaster in waiting). I've not been adding money and in fact I've been in slow draw-down, I'm waiting on news of their next fund raise to have some clarity over the platforms financial stability. I'll probably start to put a little money back in thereafter. Kevin. I would agree with much of what you say, apart from the 'honesty and integrity' which in my view has not been evident. Indeed their recent conduct and communications, including on this forum, have convinced me otherwise and I am withdrawing the majority of my holdings. Until recently they would have been my number one vote and had they acted with honesty and integrity would have remained so. I kind of agree with both WestonKevTMP and Ukmikk here. Perhaps I'm slow on the uptake but, it's clear to me that LW knew the consequences of their update at the end of Nov. If they'd been clear they would have prompted a run on the platform (if only from those looking for a quick arb) and ensuing chaos would have been costly and taken time to rectify.
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Post by dan1 on Feb 21, 2020 20:38:09 GMT
First class stamps are going up 7.8% . Buy them now and you can use them after they rise. They can still be used to purchase some things. I can't remember the last time I sent a letter 1st class - does anyone on here actually use 1st in preference to 2nd? I've never noticed delays in posting something 2nd class, not even in the run up to Christmas. I always assumed it was a marketing trick, another tax on the middle class! Btw, there are companies who sell end of line stamps at discounted prices. Great if you don't mind lick 'n stick
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