Sunday, September 06, 2020

KANSAS CITY RESEARCH REVEALS PANDEMIC ECONOMIC IMPACT WILL PERSIST OVER OUR ENTIRE LIFETIME!!!

Coronavirus has mobilized public and private institutions more effectively than any other phenomena in recent history . . . Not even the threat of war has generated such a profound influence over the daily lives of Americans.

And so, this bit of research offers a glimpse at the future and reminds us that this isn't the first or the last pandemic that will impacting public policy . . . Here's the money line:

“While the virus will eventually pass, vaccines will be developed, and workers will return to work, an event of this magnitude could leave lasting effects on the nature of economic activity,” says the paper, which was released at the Federal Reserve Bank of Kansas City’s annual conference recently. “Businesses will make future decisions with the risk of another pandemic in mind.”

Read more:

Study: Pandemic's economic impact may last decades

Consciously or subconsciously, businesses will probably fear the possibility not just of viral outbreaks, but other unforeseeable events that could upend the economy and their business plans, the study says. The nation is awaiting a vaccine that can halt the COVID-19 pandemic in its tracks, allowing life - and the battered U.S.

30 comments:

Anonymous said...

it'll be fine. Just distribute more Robitussin.

Anonymous said...

And, it will go down in History, rightly or wrongly, as Trump's Pandemic, just as the Economic Collapses have for Hoover and Reagan.

Anonymous said...

This is the same pandemic that was supposed to kill 90% of the population isn't it?

Anonymous said...

Fauci was predicting that it would kill two to three million when he first told Trump that he had to shut the country down.

Anonymous said...

The doctors have gotten this wrong and are still getting it wrong. Funny how the similarities with Lucas are identical, he’s gotten everything wrong since the first day he became mayor and he continues to get everything wrong today.

Anonymous said...

Maybe in your personal history. Most others have the brains to understand that it came from China.

Anonymous said...

The UN could have solved this by now if they weren't busy fucking little boys.

Anonymous said...

Sure it came from China, @9:13 but once it was here it became this Country's (and Trump's) problem to handle.

The 1929 Depression stemmed mostly from poor economic policy during Coolidge's Administration, but History doesn't care, and Hoover gets the blame.
One can even argue that the Big Crash isn't solely caused by the error of trying "Trickle Down Economics", but Reagan is still stuck with the results.

Heck, Trump loudly takes credit for the last two years of the economic recovery that started in the third year of Obama's Administration, and nobody gets to "pick and choose", as much as they'd like to, so if he "created a Great Economy", he has to own the collapse as well.

Otherwise, it isn't History, it's Mythology.

Anonymous said...

That would make Biden wanting to be FDR. The liberal clown that prolonged the great depression with alphabet soup and handouts. Thanks for sharing!

Anonymous said...

And yet you pretend that there were no antecedents, like the pre-Trump lack of necessary equipment or procedures to deal with the crisis. As much as you'd love to tag Trump with 100% of the responsibility for the crisis, the real world is a bit more complicated than that. Sure Trump screwed up, but he was far from the only one.

History will probably be more unkind to the reckless media that pumped up fear instead of calm and rational response, theoreticians and doctors who couldn't agree and were wrong much of the time, and above all China, who lied about everything they could lie about and instead of taking their share of the responsibility, engaged in propaganda.

Speaking of mythology.

Anonymous said...

85% of the deaths have been people older than 80. This is a fake pandemic. Grandma Betty could die from a strong fart.

Anonymous said...

^^^ Yet with all her health problems she stayed alive for 80 years, then caught Coronavirus and died in two weeks.

But OF COURSE Coronavirus had NOTHING to do with her death.

ASSWIPE!
Sorry, TRUMPSTER (that's even stronger)!!

Anonymous said...

Quit being such a baby Chimpy

Unknown said...

A free economy is a resilient economy. The after effects of the pandemic will be directly proportional to the level of government spending and regulation.

Anonymous said...

95% of all COVID cases were comorbid with other health conditions; meaning that the main media narrative of universal panic and shutdown was criminally dishonest.

Anonymous said...

This country rose from the proverbial ashes after the crash of 1929 and numerous other economic challenges. We should be able to do it again if only the millenials, snowflakes, and lazy ass hand-me-everything idiots will get out of the way. The Dems love this mindset and it has created a cradle to grave dependency on the government that has kept several generations from being productive.

Anonymous said...

^^^^Gee, and yet the Democrats were instrumental in repairing the messes left behind by Coolidge/Hoover and Reagan/Bush. Looks like the cleanup crew will have its work cut out for them after this crew gets booted out.

Anonymous said...

^^^^ So explain why FDR prolonged it professor.

Anonymous said...

I just saw George Soros fly into town on his private jet filled with cash to pay our rent! He cares so much! Thank you George!

Anonymous said...

PURELY A COINCIDENCE (WINK, WINK)

"Contagion is a 2011 American thriller film directed by Steven Soderbergh. Its ensemble cast includes Marion Cotillard, Matt Damon, Laurence Fishburne, Jude Law, Gwyneth Paltrow, Kate Winslet, Bryan Cranston, Jennifer Ehle, and Sanaa Lathan. The plot concerns the spread of a virus transmitted by respiratory droplets and fomites, attempts by medical researchers and public health officials to identify and contain the disease, the loss of social order in a pandemic, and the introduction of a vaccine to halt its spread."

"The Johns Hopkins Center for Health Security in partnership with the World Economic Forum and the Bill and Melinda Gates Foundation hosted Event 201, a high-level pandemic exercise on October 18, 2019, in New York, NY. The exercise illustrated areas where public/private partnerships will be necessary during the response to a severe pandemic in order to diminish large-scale economic and societal consequences."

"Event 201 simulates an outbreak of a novel zoonotic coronavirus transmitted from bats to pigs to people that eventually becomes efficiently transmissible from person to person, leading to a severe pandemic. The pathogen and the disease it causes are modeled largely on SARS, but it is more transmissible in the community setting by people with mild symptoms."

"Although at first some countries are able to control it, it continues to spread and be reintroduced, and eventually no country can maintain control.
There is no possibility of a vaccine being available in the first year. There is a fictional antiviral drug that can help the sick but not significantly limit spread of the disease."

Conditioning the sheeple's mind via a controlled news/entertainment industry is a key element in maintaining order for those in power behind the scenes.

Anonymous said...

Joe Biden thought it was racist for Trump to stop Chinese Nationals from flying into America early during the pandemic. He also thought the virus would pass without much effect. Trump saved hundreds of thousands of lives by stopping those flights. Nancy Pelosi was telling people to go party in Chinatown without masks. So if Joe Biden had been in charge, a lot more would have died.

Anonymous said...

On a death certificate, officials can list up to four causes of death, plus any additional factors that did not contribute to the person passing away.

According to the CDC’s report, six percent of COVID-19 deaths did not have any additional factors, meaning 94 percent of those people had comorbidities or contributing conditions.

“Congestive heart failure, chronic obstructive pulmonary disease, any kind of lung disease, obesity, if you’re morbidly obese, they have a hard time surviving,” a spokesman said.

Anonymous said...

1:16: Explain a falsehood? Sorry. That's between you Fox News and possibly Amity Schlaes and her band of ahistorical nitwits.

Anonymous said...

^^^And Jim Powell's book "FDR's Folly," among other academic and laic analyses of the effect of FDR's big government programs on the length of the Great Depression. Easy to call them all "ahistorical nitwits." Much harder, likely impossible, to prove it.

Anonymous said...

12:50

Your fellow democrats don't even believe that nonsense. How do the farts smell in your fantasy world? You should open up a window and let some reality blow through.

Anonymous said...

He did @4:32, so I guess any farts you are smelling must arise from the load of bullshit the Right Wing Mythologists keep dumping out the door.

Anonymous said...

You're just a chi-com cocksucker. No surprise you love the faggot Mayor.

Anonymous said...

Big talk from an anonymous keyboard coward @5:08 - say that to anyone's face and your testicles will get a sudden introduction to your tonsils, PussyBoi!

Anonymous said...

@4:27 Jim Powell is just a pulp fiction writer at the Koch Foundation's Cato Institute, generating whatever "Conspiracy Theory du Jour" he is instructed to! He has about as much academic credibility as the Sports Writer for "Knitting Today Magazine" has!

Name one or two of the other "eminent academics" that support such a lame bit of myth-making, but make it someone with any shreds of credibility.

Anonymous said...

So students at KU are striking to close the campus because of Covid cases. People in Rhode Island, about the same size as KU are protesting to open the state because of Covid cases. And cases in our area continue to rise.
Weird.