It’s different this time

Thrugelmir

lisyloo said:

Slowing the spread also moves us into warmer weather where the virus may not do so well, also gives time to get the health service better prepared e.g. get some staff out of retirement (I’m on about the recently retired not those in in their 70s and 80s)

Unfortunately doesn't go away. May reignite come the autumn. 

lisyloo

Thrugelmir said:

lisyloo said:

Slowing the spread also moves us into warmer weather where the virus may not do so well, also gives time to get the health service better prepared e.g. get some staff out of retirement (I’m on about the recently retired not those in in their 70s and 80s)

Unfortunately doesn't go away. May reignite come the autumn. 

I agree but it gives more time to plan.

lisyloo

Thrugelmir said:

lisyloo said:

Thrugelmir said:

dinsdale_ said:

Just to clarify, what does it mean for the 'debt based system' to break?
I can see some companies going out of business and job losses, are you suggesting some kind of foundation change to how the financial system operates? 
Could you be more specific?

I would argue at worst there could be recession before the markets pick up again...

We live in a world of debt. Where many people and companies live life on a thread. Only a matter of week of weeks from financial meltdown. Low interest rates have induced complacency. Nanny state will provide all the answers. 

If its relatively short term (china has turned things around), then isn't the most likely scenario that people will take payment holidays and their debt will increases but not to a point that it's a big deal over 25 years.

Some of us may have to work 12 months longer due to our pension investments not being as good as we expect. Not great if you hate your job but not a massive deal in the scheme of  a 35 year retirement.

Landlords will also not pay their mortgages if they don't get rent and might need to lengthen their term.

Isn't this a more likely scenrio than the end of civilisation as we know it?

Ever lived through a real recession?
How financially secure is your employer?

If you call the 90s a real recession then yes.
im pretty secure partly Due to my age however it wasn’t about my personal circs it was about where we might be on the spectrum of possibilities.
i guess we just don’t know yet.

silvertooth

Thrugelmir said:

lisyloo said:

Thrugelmir said:

dinsdale_ said:

Just to clarify, what does it mean for the 'debt based system' to break?
I can see some companies going out of business and job losses, are you suggesting some kind of foundation change to how the financial system operates? 
Could you be more specific?

I would argue at worst there could be recession before the markets pick up again...

We live in a world of debt. Where many people and companies live life on a thread. Only a matter of week of weeks from financial meltdown. Low interest rates have induced complacency. Nanny state will provide all the answers. 

If its relatively short term (china has turned things around), then isn't the most likely scenario that people will take payment holidays and their debt will increases but not to a point that it's a big deal over 25 years.

Some of us may have to work 12 months longer due to our pension investments not being as good as we expect. Not great if you hate your job but not a massive deal in the scheme of  a 35 year retirement.

Landlords will also not pay their mortgages if they don't get rent and might need to lengthen their term.

Isn't this a more likely scenrio than the end of civilisation as we know it?

Ever lived through a real recession?
How financially secure is your employer?

We were long overdue for a recession anyway

now in this crisis every business in the world is suffering 

Sailtheworld

silvertooth said:

Thrugelmir said:

lisyloo said:

Thrugelmir said:

dinsdale_ said:

Just to clarify, what does it mean for the 'debt based system' to break?
I can see some companies going out of business and job losses, are you suggesting some kind of foundation change to how the financial system operates? 
Could you be more specific?

I would argue at worst there could be recession before the markets pick up again...

We live in a world of debt. Where many people and companies live life on a thread. Only a matter of week of weeks from financial meltdown. Low interest rates have induced complacency. Nanny state will provide all the answers. 

If its relatively short term (china has turned things around), then isn't the most likely scenario that people will take payment holidays and their debt will increases but not to a point that it's a big deal over 25 years.

Some of us may have to work 12 months longer due to our pension investments not being as good as we expect. Not great if you hate your job but not a massive deal in the scheme of  a 35 year retirement.

Landlords will also not pay their mortgages if they don't get rent and might need to lengthen their term.

Isn't this a more likely scenrio than the end of civilisation as we know it?

Ever lived through a real recession?
How financially secure is your employer?

We were long overdue for a recession anyway

now in this crisis every business in the world is suffering 

Well apart from the one I work for. Bumper sales, an overflowing warehouse and a supply chain that has been unaffected. With just a little imagination I bet you could come up with a long list of companies and business sectors that are coining it in.

paparossco

Thrugelmir said:

lisyloo said:

Slowing the spread also moves us into warmer weather where the virus may not do so well, also gives time to get the health service better prepared e.g. get some staff out of retirement (I’m on about the recently retired not those in in their 70s and 80s)

Unfortunately doesn't go away. May reignite come the autumn. 

Low 20’s in Malta at the moment but they have 6 cases and expecting more. How much heat is needed to eradicate I wonder.

silvertooth

paparossco said:

Thrugelmir said:

lisyloo said:

Slowing the spread also moves us into warmer weather where the virus may not do so well, also gives time to get the health service better prepared e.g. get some staff out of retirement (I’m on about the recently retired not those in in their 70s and 80s)

Unfortunately doesn't go away. May reignite come the autumn. 

Low 20’s in Malta at the moment but they have 6 cases and expecting more. How much heat is needed to eradicate I wonder.

Seems to be fake news that the sun will cure it

the only advantage is it won’t last as long on surfaces in the uv light of the sun

apart from that there is no reason to expect a reduction come summer

triathlon

silvertooth said:

Thrugelmir said:

lisyloo said:

Thrugelmir said:

dinsdale_ said:

Just to clarify, what does it mean for the 'debt based system' to break?
I can see some companies going out of business and job losses, are you suggesting some kind of foundation change to how the financial system operates? 
Could you be more specific?

I would argue at worst there could be recession before the markets pick up again...

We live in a world of debt. Where many people and companies live life on a thread. Only a matter of week of weeks from financial meltdown. Low interest rates have induced complacency. Nanny state will provide all the answers. 

If its relatively short term (china has turned things around), then isn't the most likely scenario that people will take payment holidays and their debt will increases but not to a point that it's a big deal over 25 years.

Some of us may have to work 12 months longer due to our pension investments not being as good as we expect. Not great if you hate your job but not a massive deal in the scheme of  a 35 year retirement.

Landlords will also not pay their mortgages if they don't get rent and might need to lengthen their term.

Isn't this a more likely scenrio than the end of civilisation as we know it?

Ever lived through a real recession?
How financially secure is your employer?

We were long overdue for a recession anyway

now in this crisis every business in the world is suffering 

And silver "is massively under priced" and "house prices should have collapsed in 2007", but you are wrong time and time again

silvertooth

If the numbers carry on the same then we are talking about hundreds of millions dead in a few years time

https://youtu.be/5fotQ5XmjW4

Getting_greyer

When I lived in Cyprus lows 20's still felt semi-Baltic. 
More people get ill in winter it's not so much to do with nominal temperatures.