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Topic: Coronavirus discussion and Quarantine ideas

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Mdot21

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19250 on: March 04, 2024, 09:40:47 PM »
Ironically, China's economy is said to be hurting now, that might not be cause and effect of course.  It would be interesting to figure which country was hurt the most by COVID.
China may well be fcked. they have a population crisis on their hands, a phony real estate bubble that makes anything here look like child's play, and their entire economy and country really was built on being the worlds low cost manufacturer, and well it's not so low cost to manufacture there anymore.

tariffs + rising costs to manufacture +  the CCP's COVID fiasco = flight from China.

US/EU multi-nationals have all been trying/planning to pivot production away from China for some time, and that's starting to gain traction and COVID accelerated it a bit. I mean Apple is just now starting to build iPhone's in India for christ sake, and that company was the biggest foreign multi-national ball-licker of China/CCP on planet earth. More and more foreign based multi-nationals are just going to pivot manufacturing to Vietnam, India, Thailand, Mexico, etc., over time.

847badgerfan

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19251 on: March 05, 2024, 07:13:33 AM »
Ironically, China's economy is said to be hurting now, that might not be cause and effect of course.  It would be interesting to figure which country was hurt the most by COVID. 
Our own.

Half of this country doesn't see eye to eye with the other half. We haven't been this divided since 1861. It feels very fragile to me. And I'm not talking about Democracy, because we are not that (WE ARE NOT THAT!!). The Republic feels fragile.



The CCP got what it wanted out of its intentional spread of Covid.


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Cincydawg

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19252 on: March 05, 2024, 07:21:56 AM »
The term "democracy" often is used as a very broad meaning that includes more than a pure democratic system.


847badgerfan

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19253 on: March 05, 2024, 07:32:18 AM »
It's a vastly overused term in this Country.
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FearlessF

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19254 on: March 05, 2024, 07:42:52 AM »
hopefully, the CCP screwed up in the checkers game

their handling of COVID pissed off enough of the world that it will tank their economy and set them back 100 years

"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19255 on: March 05, 2024, 07:45:57 AM »
We have no clue about their economy. They manipulate their currency and have for years.
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Cincydawg

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19256 on: March 05, 2024, 07:52:06 AM »
I think we have a clue, at least, but perhaps not much for certain.

China sets GDP target of 'around 5%' for 2024 (cnbc.com)
China sets GDP target of 'around 5%' for 2024 (cnbc.com)

China: estimated GDP growth 2024 | Statista

FearlessF

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19257 on: March 05, 2024, 07:53:08 AM »
you mean like the US of A

just print more $$$

it's stands to reason in my uneducated mind, that if huge amounts of manufacturing pull out of China along with other investments and much of the world takes their money elsewhere, it could/should have a negative effect for the Chinese economy 
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19258 on: March 05, 2024, 07:57:05 AM »
I'm not sure a "huge amount" has pulled out of China.  A lot of their issues appear to be based on real estate, perhaps more than manufacturing (folks are shifting production to cheaper countries, which always happens).  If they truly have a 5% growth rate (???), it's pretty solid even if not what they claimed to be having in the past.

China’s economy is becoming a drag on global growth | Chatham House – International Affairs Think Tank

Chinese households are gloomy to a large degree because the value of their main asset, namely property, has been suffering losses for a considerable time now. Real estate prices across 70 cities have been falling consistently since April 2022, hardly conducive to a ‘positive wealth effect’ that might encourage households to go out and spend.
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Quote
Employment prospects are bleak, largely because Chinese firms seem unwilling to invest.

The result is that China is at the edge of a deflationary trap: consumer price inflation has been negative in four of the past six months. This risks turning into a self-reinforcing spiral if households postpone purchases in the hope that prices continue to fall – a dynamic that isn’t helped by China’s falling population.
 
While it’s true that retail sales rose 7.2 per cent for the whole of 2023, this should be seen as a kind of failure: apart from 2020 and 2022, two years badly affected by COVID-related lockdowns, that growth rate is the weakest China has seen since 1999.
 


« Last Edit: March 05, 2024, 08:38:26 AM by Cincydawg »

847badgerfan

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19259 on: March 05, 2024, 08:21:05 AM »
Lockdowns hurt every country (or state) who imposed them.

We should have did Sweden.
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Cincydawg

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19260 on: March 05, 2024, 08:40:40 AM »
I recall that the governor here "reopened" what many thought was too early, and was criticized for it rather widely.  Even so, most places stayed closed of their own volition.  Even where places did not lock down, the economy went south.


betarhoalphadelta

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19261 on: March 05, 2024, 10:56:30 AM »
Our own.

Half of this country doesn't see eye to eye with the other half. We haven't been this divided since 1861. It feels very fragile to me. And I'm not talking about Democracy, because we are not that (WE ARE NOT THAT!!). The Republic feels fragile.
I agree with you on what's happening, but disagree that COVID was all that much of a cause. This trend has been happening for MUCH longer than that. 

You all know my belief on it, so I'm not going to belabor the point--we now live in a country where people curate their news/media/socials to surround themselves with a nice little cocoon of confirmation bias. They never expose themselves to "the other side", and learn everything about "the other side" from their own. It's a VERY small step from that to viewing "the other side" as not their countrymen but their enemy. Especially when their own side fans those flames by teaching them to fear and hate the other side. 

COVID just amplified it a bit. 

847badgerfan

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19262 on: March 05, 2024, 11:14:13 AM »
I agree with you on what's happening, but disagree that COVID was all that much of a cause. This trend has been happening for MUCH longer than that.

You all know my belief on it, so I'm not going to belabor the point--we now live in a country where people curate their news/media/socials to surround themselves with a nice little cocoon of confirmation bias. They never expose themselves to "the other side", and learn everything about "the other side" from their own. It's a VERY small step from that to viewing "the other side" as not their countrymen but their enemy. Especially when their own side fans those flames by teaching them to fear and hate the other side.

COVID just amplified it a bit.
2000 election.
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Cincydawg

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Re: Coronavirus discussion and Quarantine ideas
« Reply #19263 on: March 05, 2024, 11:14:45 AM »
Confirmation bias has been with us forever, but the "media" have figured out the economic value in providing it.  How many folks make at least some effort to check "both sides" of some news item?  Or even are aware that a thing happened because their preferred outlet didn't cover it?

Add in social media and you have a magnifying glass on opinions.  We used to barely know, if at all, what our neighbor thought about politics, much less that of someone living hundreds of miles away.  

Now we have folks who believe the NYT is entirely an outlet for DNC Talking Points but who have never read it, or haven't any time recently.  I have encountered a few who believe Fox News has gone far left, and others who believe MSNBC is pretty right wing.  This says more about them than the outlets I think.

 

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