@realjdburnett these people can't even bring themselves to stop going out to the bars to save lives ... i am very bearish on their organizational ability to overthrow governments, guillotine the rich, etc. Even if history isn't over, most people have become complacent
@realjdburnett there will be some sort of realignment, but i'm not sure which direction it will be in. perhaps it'll be even more reactionary. theres unfortunately little evidence that people wise up after crises
@ribaldette@realjdburnett They’ve mobilized 100,000s workers to drag every known corona patient into quarantine. They’re scanning every entrant into the country for symptoms. If there’s a new outbreak, it’ll be because of an asymptomatic foreign national.
@realjdburnett@ribaldette I think there’s good reason to trust China on this. The most important being the WHO aid workers have toured China to double check the statistics they released. WHO still had access.
@realjdburnett@ribaldette Now I’m not confident China isn’t able to fool the WHO investigators, but their output statistics make sense with what we’ve seen in SKorea and Italy
A gut check on this. Why would China, an authoritarian state that only cares about output, trash its economy for something Goldman Sachs is insisting is a blip? It is clearly worse than this insinuation that it’ll only kill people marked for death anyway
@neontaster This is why the FDA even has the emergency use authorization. there reaches a point where you have enough certainty that not deploying a crucial drug would be immoral. The price of additional certainty must be measured in lost lives
@deathnography this is the total amount of money that came from all employees of each of these companies. Federal election finance law prohibits campaign contributions of more than $2800 a person
Bernie's contributions looking thicc
@aquariusacquah now that a lot of states are legalizing online gambling, I hope predictit changes fee structure and investment caps to something that allows for actual speculation and not just play money
an underrated story is that China seems to have reported their numbers more or less honestly. The statistics are in line with what we've seen in South Korea and Italy
@THOTCrime@koaleszenz@ironically_edgy@ne0liberal sure but it’s definitely there on the left. Hollywood liberals first popularized it. Second is mysticism about GMOs and global warming. Just look at Marriane Williamson.
@THOTCrime@koaleszenz@ironically_edgy@ne0liberal “Democrats were also significantly more likely than Republicans to believe in fortune telling, and about twice as likely to believe in the astrology.”
@koaleszenz this crisis was clearly caused by blatant bureaucratic overreach and internal feuding between CDC and FDA. If you think this weakens any libertarian argument or distrust of government, you’re wildly uninformed
@THOTCrime@koaleszenz If you did the research, you’d know that the NSC committee on pandemic response was formed towards 2015, after H1N1, Zika, and Ebola. Then disbanded by Bolton in 2017. You expect me to believe this team with a 2 year lifespan was the critical piece of bureaucracy?
@THOTCrime@koaleszenz I’m not advocating for some sort of free market pandemic response. I’m saying have a little honestly here. The track record of US government is not inspiring confidence.
@THOTCrime@koaleszenz Libertarianism means decentralizing and depowering single points of failure; had the FDA granted some of its powers to state level agencies, perhaps we could’ve reached some level of testing capacity before corona became a full blown pandemic.
@THOTCrime@koaleszenz Blaming Trump for this without pointing to a causal pathway is a completely garbage argument. These agencies should be like immune system responses: completely unconscious and automated. They should work even if there’s no president at all. Trump didn’t fire anyone at CDC.
The SV skepticism of “experts” has swung too far in that direction. It’s clear that the relevant biopharma and epidemiology experts have been sounding the alarms for a long time now. None of them have the bully pulpit rn
@dontstanstates@Chetclark21@koaleszenz totally wrong lol. the Cuba thing is straightup misinformation, and the antiviral drug that China has been testing called Remdesivir has been licensed from US biopharma giang Gilead
@aquariusacquah his campaign did a fair job of playing dirty even if bernie didn't get his hands wet. no, the real problem was that sanders completely failed to compromise and form coalitions with those who might be willing. he thought the Trump strategy would work on the left, but it didn't
@aquariusacquah if he had made serious advances to court liz warren's endorsement before super tuesday instead of having his surrogates sully her as a snake, it would be very close right now
@koaleszenz@THOTCrime@ironically_edgy@ne0liberal climate change is a systems level phenomenon that most people accept on faith based on their party affiliation. the people on the left think that the world will end in 8 years whereas the people on the right think it's not an urgent issue. the reality is somewhere in the middle
@koaleszenz@THOTCrime@ironically_edgy@ne0liberal being skeptical about a scientific consensus that you can't immediately explain to a child is good and based. OTOH i don't trust anyone who doesn't instinctually reject fortune tellers and astrology. you don't need complex maths to explain why they're wrong
@koaleszenz@THOTCrime@ironically_edgy@ne0liberal btw I vote blue. my point is that the beliefsets of each side are a result of culture wars and influential special interests, and probably have little to do with the credulity or intelligence of the underlying population
@THOTCrime@koaleszenz@ironically_edgy@ne0liberal rent control and restrictive zoning are part of the same pathology: defend the interests of the natives, and screw people who might want to move in
@THOTCrime@koaleszenz@ironically_edgy@ne0liberal restrictive zoning is about protecting current landowners at the expense of those who want to move in from elsewhere and rent control is about protecting current tenants at the expense of those who want to move in from elsewhere. same pathology.
@THOTCrime@koaleszenz@ironically_edgy@ne0liberal yes and rent control is passing down a portion of the collected rent (in the economic sense) to the tenants who were lucky enough to be living there at the time. there is a reason why wealthy landlords in the bay fight for "below market rate housing" as part of any new zoning
@koaleszenz@ThresherThe the usual argument is the opposite of this. underpricing a rare good due to price controls can lead to hoarding. the best solution is for the retailer itself to charge high prices instead of letting someone else buy its stock up and raising prices
@koaleszenz@ThresherThe price controls must necessarily be paired with quantity controls, and even then you’ll run into issues. Limit 1 bag of tp per person, and I could just stand outside the store and buy TP from everybody
the obvious American solution to this is to employ coronavirus bounty hunters and put a bounty on the infected :)
Drag them to a quarantine zone and collect your prize :)
@THOTCrime@koaleszenz@pupperio@aaron_kinney of course there is a market in healthcare? there are many, many principal-agent problems and moral hazards, but the market is there.
@THOTCrime@koaleszenz@pupperio@aaron_kinney emergency care is less than 5% of total healthcare costs. it's the only place where you can charitably say that there is no choice
@THOTCrime@pupperio@koaleszenz@aaron_kinney i.e. the system has worked so well that it has basically tapped out all the low hanging fruit of pharmaceutical development. the price of finding an effective new small molecule drug trends towards infinity.
@THOTCrime@pupperio@koaleszenz@aaron_kinney we need to reform the system such that new paradigms and companies experimenting with biologics and genetics can create improvement in pharmaceutical and medical devices. this does not mean that competition is bad or that patents are flawed
@THOTCrime@pupperio@koaleszenz@aaron_kinney when we say that americans can't afford insulin what we mean is that americans can't afford 4th or 5th generation insulin-like molecules that work better than the previous ones
@THOTCrime@pupperio@koaleszenz@aaron_kinney im not continuing this convo bc we are not living in the same information environment. last thing I’ll say is that every single country freeloads off the American healthcare consumer and his contribution to healthcare R&D. we can’t do what others do
@willj343 The field of biologics and genetic therapies are absolutely ripe but require a lot of capital to get off the ground. Companies like Gilead are leading the way
@ChrisCroy@willj343 not to mention fragile. any politician with a vendetta will just gut this stuff. the reward cycles of politicians are far too short to sufficiently reward long term research.
@ChrisCroy@willj343 my response to those Nobel prize winners who showed that markets underproduce research: democratic government underproduces research
@browserdotsys But it’s a double edged sword. Maybe zerohedge starts a forsythia company and claims it’s the cure. Who knows. Still think banning is def the wrong move. Let people decide what to trust
@balajis there are hundreds of tools that already exist for this. If doctors wanted to use them, they would. What you really need is Anthony Fauci tweeting “join my discord server if ur a doctor lol”
@microcryologist@koaleszenz@THOTCrime@ironically_edgy@ne0liberal@TheDemocrats@GOP The GND as AOC and Bernie see it is a thinly veiled jobs and energy nationalization bill that has little to do with climate change. It rejects carbon trading systems, fracking, nuclear, and a bunch of other valuable tools for pseudosciencey reasons
@JonIsAwesomest Here’s a good reason not to: trump cares about the stock prices. He uses them to measure how well he’s doing and what level of panic he should be in. Without them, our politicians are completely detached from reality.
@microcryologist@THOTCrime@koaleszenz@ironically_edgy@ne0liberal@TheDemocrats@GOP what do you think happens if you ban fracking ... that we'll naturally pick up the tab with something else? why do you think we use natural gas in the first place? we'll just go to the next cheapest thing, which is coal, at 2x the carbon density.
@microcryologist@THOTCrime@koaleszenz@ironically_edgy@ne0liberal@TheDemocrats@GOP and i love how any profit in the eyes of a left is 'profiteering'. don't get me wrong. there are leftists on this website i respect a lot, who are smarter than I am. james medlock for one. but on average you guys are no more proficient than the right
@THOTCrime@microcryologist@koaleszenz@ironically_edgy@ne0liberal@TheDemocrats@GOP moreover, there is nothing special about coal or petroleum dying. in the past the horse-drawn buggy industry died and in a few years the AVs will destroy the market for drivers. structural unemployment is taken care of through automated keynesian mechanisms we have set up
@THOTCrime@microcryologist@koaleszenz@ironically_edgy@ne0liberal@TheDemocrats@GOP if you are selling me a car, and start with an ask of $1million, i still won't buy it until i've bargained you down to a price I think is fair. in fact it might hurt your negotiation chances as i'll just leave the table. plus I think it's a motte and bailey
@Noahpinion Singapore is the closest thing there is to a benevolent dictatorship. It’s much easier governing an island of a few million than the United States
@rsg@ZafarAmin@mikekelly85@elonmusk ya but what’s the average age of the spacex worker. He’s probably right, but it’s selfish. Condoning the spread is bad for the healthcare system
the annual budget of HHS subtracting Medicare is more than $100 billion. Plus $50 billion in emergency funds. These agencies have more cash flow than a few of the biggest fortune 500s combined and you think the problem is funding? https://x.com/NoahShachtman/status/1239716004122460166
@Desis4Pete@RENOBOXER@Noahpinion True, Singapore is a very multifarious merchant city, but it is fundamentally easier to govern a small population than a large one. Things that work at Singapore scale will not work at US scale.
@Noahpinion Asians wear it because they believe it protects the user. There’s nothing like self interest to motivate people to wear masks. And it seems to drop R0 all on its own. My proposal is that we spread fake news in the US saying that masks will protect against covid
@Randylad@eigenrobot X amount of additional certainty is worth how many extra lives lost etc.,
It’s a rough calculation in the real world but pretty much the only thing we can do
@aquariusacquah They bullied everyone sounding the alarms about the virus until the last minute, at which point they started bullying trump about not doing enough
@robbysoave quarantine is temporary until we get mass testing in place. then, as @balajis has been saying, we start apportioning the world into “red zones” and “green zones”. If you live in a green zone, the quarantine is lifted.
midwits: think season 2,3 of west world are disappointing, think show has moved from substance to style
topwits: knew season 1 was terrible, saw right thru the veil of high budget bottom tier scifi rigamarole
@aquariusacquah@powerbottomdad1 imo there is no evidence for the idea that everyone voted Biden for “electability” reasons. Equally likely that they liked him better
@theoaklandpanda@aquariusacquah@powerbottomdad1 rofl at “two wars”. Most generations before us had the draft. We’ve never lived in a more peaceful or productive time. I don’t believe for a second that our generation will bring about a revolution
I always thought Bernie was a good man, but seeing him like this, seething, in absolute disbelief that the working class rejected him, refusing to accept his fate and quit regardless of damage to public health and the dem nominee ... makin me change my mind https://x.com/thedailybeast/status/1239876276799840256
@WokeDon@ammar2001_ammar “Do you support free Medicare for all?” 100% yes
“Do you support the government taking over health insurance, and ending your current plan?” 100% no
@DefinedPolitik yes because they lay dormant in animal population pools. correct me if i'm wrong but pretty sure Ebola reemerged from west african bushmeat.
@femme_phememe@Wulfey_LA@Noahpinion Biden is to the left of Obama and that was obvious even when Obama was in office. Obama is to the left of Clinton. What’re u on about?
@femme_phememe@Wulfey_LA@Noahpinion Any candidate that runs will inevitably shift to the center when they’re in office; that’s the nature of politics . You can promise all kinds of things but governing requires compromise
growing up in an authoritarian state and then having one single taste of american political culture is enough to cause insanity. it’s like giving a dorito to a 16th century peasant https://x.com/woke8yearold/status/1240014767424786432
Recommend watching Contagion but also Godzilla (2016, Hideaki Anno) to get a picture of the bureaucratic nightmare that occurs when a government has to deal with an emergency
@kingdomakrillic Imho at this point you should maximize for humor and not for accuracy to dril. Lots of us like drilbot better than dril. Pls bring him back
@kingdomakrillic This is like trying to tickle oneself. Physically impossible. You’re the one doing all the dirty work, mining for tweets that you gauge to be funny or novel, so ofc it won’t make you laugh
@neolibreplygirl in the 19th century they complained about land rents. in the 20th century they complained about dividends. in the 21st it’s share buybacks.
@cacameronGOP@sonyasupposedly Uncle Sam is basically saying, pay all your permanent staff wages, upkeep for assets, land rents for your global operations on 6 continents, but you will make $0
All you nonconformists and pathological contrarians are stuck in a strange attractor. just join the normies in an ideological basin, fools, you’ll be happier https://t.co/FeinYi7lS8
@hdevalence@sonyasupposedly@cacameronGOP “LONDON/HONG KONG (Reuters) - Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts said.”
@hdevalence@sonyasupposedly@cacameronGOP insurance isn’t magic, whichever company was insuring the airlines would’ve just gone bust under a claim size this large. they purposefully exclude epidemics bc they know they can’t cover the damages
@similaralterity@mattparlmer only the Extremely Online know anything about pelosi’s role in this, most people will see trump as the face of the virus (if he doesn’t manage to deflect it to China)
@ChrisCroy for the last 10 years, startups have been enjoying a surfeit of eager capital and have been competing on price to capture growth markets. which is dope for consumers. in an environment where capital is scared, perhaps this is a play by cash-rich uber to force everyone else out
@Sharon_Kuruvila the only reason this market clears at all is because of how much punishment they put med students through. 6-8 year postgrad training process, grueling hours, giant tuitions tends to discourage supply
@ChrisCroy nah man, the global rate of return on capital is only falling, leading the capitalists to invest in more and more dubious opportunities. the fun has just started
@Sharon_Kuruvila@NeoliberalFed i am hoping that with this crisis comes a mea culpa on all sorts of licensing problems that are limiting the medical workforce. the FDA is clearly tearing through years of built up rent seeking, so we can only hope other orgs follow
@BigBreakfastLob I thought that there were airplane holding companies that buy the boeings and rent them to the airliners tho. Shouldn’t those guys keep purchasing?
@neolibureaucrat does the math on this check out on this though? are the banks really exposed enough to all go bust? suppose they didn't go bust, and then repossessed all the assets 1-2 years down the line after the dust settles. what then?
@neolibureaucrat and what is even the point of capitalism if investors and bankers aren't exposed to systemic sector-wide risk like this? feels like every time we do bailouts we're adding to the fragility of our own system
elon seems to not be understanding that the whole red zone decline he's pointing to is incomplete results -- there's a lag between testing and reporting to the relevant agencies. If you remove the red zone there's no evidence of declining cases at all. https://x.com/elonmusk/status/1240483865593917441
@Tyler_The_Wise what are the barriers to entry though? seems not huge. start renting a few planes and serve a few simple routes. maybe a bunch of local airlines popup?
@NeoLibBen the commodity futures markets are explicitly designed to price in as much information is available in the whole world as possible. we should be doing the same thing for equities!
@HenryPorters@Tyler_The_Wise@StephenBuell2 I looked it up and it is part of the 'landing fee' package, charged per landing based on a variety of factors like airplane size, number of passengers, etc. Seems to me like the airports themselves should be getting hosed.
@HenryPorters@Tyler_The_Wise@StephenBuell2 And so long as the airports own the land they're on, you can just close unneeded gates, furlough personnel as needed and not go bankrupt. the whole system should having a scaling plan from n plane to k planes a day
@StephenBuell2@NeoLibBen if what benji is saying is true the oil companies themselves have massive information advantage over all other traders, but they seem to function fine
@Hellachans@NeoLibBen the SEC applies insider trading laws in a very arbitrary manner. definition of 'material non-public information' changes depending on the mood of the current SEC director
@StephenBuell2@NeoLibBen from what i understand about oil companies, they spend half their day actually extracting and shipping oil and the other half trading oil futures
@StephenBuell2@NeoLibBen even inside a public company, there are vast information asymmetries. ground level employees may have tidbits of tradeable info on things that even execs don't understand yet. I don't see it as a problem that execs can make decisions that move share prices
@McQuinTrix and the buying and selling behavior of execs and large shareholders is already public info. they can and do trade on non public info, almost by necessity tbh
@StephenBuell2@NeoLibBen but how much would the general equilibrium bounceback be? my thought is that retail investors are always trading against institutions that are far more information rich than they are. for example, i'm a tesla HODLer and i'm sure there's some guy at GS ...
@StephenBuell2@NeoLibBen ... who had a billion dollar short pos. based on detailed VIN number analysis and satellite imagery and shit. we trade anyway. not even insiders can predict how their firm is gonna fare in the long run. it's anybody's game. it would discourage trading around info release events
@RomanRoads27 they can already do this. notice they can own stock from before they gain power and pass legislation that can shore up the price of that stock. dick Cheney and Halliburton
@hamandcheese Still nonpublic info. If a company insider gives you a sales estimate based on partial info that they’re not 100% sure about, it would probably be prosecutable
@jomgy I don’t think he’s particular unlikeable, any more than most technocrat centrists. I think people hated him specifically because he was trying to “buy an election”
@SailorHaumea@jomgy Let’s be abundantly honest that 0% of the primary electorate cares about any ties with China Bloomberg may have. Foreign policy is usually last on most people’s candidate wishlists
@mattparlmer how do we get propaganda inside the chinese media ecosystem? seems pretty impregnable. the tactics that russia used on facebook are not gonna work on wechat
@aquariusacquah but tbh the number of people saying “there’s only been 20 corona deaths and 200,000 flu deaths this year haha” are much more annoying so I’ll let the log scale people have it
@NeoLibBen no way this is true imo. why would notoriously authoritarian, numbers driven China shut down its entire economy and quarantine 800 mil for the flu? Anyway, South Korea has near universal testing (even testing asymptomatic) and the CFR hovers around 1%
@NeoLibBen there's also evidence showing that a bunch of the asymptomatic people testing positive on PCTs may just be a fluke of tests that produce a lot of false positives
@powerbottomdad1@NeoLibBen yea assuming the tail-end of best case scenarios is bad when the potential downside is like 3 million deaths in America alone. Should assume worst and act on that until we have better data
anyone know if compelling people to mandatory quarantine is allowed under current law? im sure US has been dealing with these things for a long long time https://x.com/naval/status/1241422215473532928
@You_Need_A_Lift Honestly in the real world having a “correct” narrative is generally useless. i.e. even if you or I had a perfect understanding of geopolitics, I doubt we could act on it
@You_Need_A_Lift Having a large concentration of specialized and valuable knowledge, even with no ability to synthesize it, will often land you a well paid job in some bureaucracy
@koaleszenz this is a tbh nonsense premise, bc a “good distribution” of wealth is entirely based on how much inequality a person is willing to tolerate, varies from person to person based on their moral instincts etc.
@koaleszenz and this is evident bc even under the envelope of “welfare state”, you can have solutions that are anything from draconian and stingy to positively Nordic
@THOTCrime@koaleszenz the criterion of “sufficient healthcare” or “sufficient shelter” changes all the time, people who are considered underinsured in the US are richer than most peasants in the rest of the world
@THOTCrime@koaleszenz while the Hong Kongers who lived in the Kowloon slums had shelter, you’d probably consider it a human rights violation if you saw it
@THOTCrime@koaleszenz pretty much everything about what you just said is subjective. let’s put it this way. let’s say it’s possible to save a life, but it requires mining a mineral on the moon. theoretically the resources exist to get this done, but we will not do so.
@DukakisDude i think quitting porn is probably good for some men, but i don’t know if the cultlike fervor of this sub is the best support group for it lol
@daguilarcanabal@koaleszenz@Iiberty_prime and that’s why being an economist is great. you can just make pronouncements about the way society should work with all the weight of science
@daguilarcanabal@koaleszenz@Iiberty_prime utilitarianism/economics is about scaling (in the software sense) a set of moral values, but you need to choose the morals first. That’s all I was trying to say
@daguilarcanabal@koaleszenz@Iiberty_prime You might imagine a society that desires a wealth distribution even more skewed to the rich and institutes a negative welfare state
@THOTCrime@koaleszenz You’ve stepped right in the doodoo. The real nature of insulin problems in the US is that most people can’t afford the BRAND NEW biosimilar formulation of insulin. You can buy cheap generic formulations of insulin for a dollar a dozen. It’s an arbitrary cutoff you’re making
@THOTCrime@koaleszenz Technology rapidly changes , and with it, our arbitrary cutoffs for what consists a “basic human right” / “sufficient healthcare” change along with it.
@THOTCrime@koaleszenz Older types of insulin are nearly free, even in the US. Doctors rarely prescribe them because the newer drugs perform slightly better and we’re mostly rich enough to afford the price hike in America. + if they’re really that poor, they’ll be on Medicare
@pupperio@THOTCrime@koaleszenz The examples go on and on. There would be more biosimilars/generics of Humalog and other insulins that recently went off patent if the FDA didn’t make it mind numbingly hard
@THOTCrime@pupperio@koaleszenz Nothing is free. Resource scarcity is real. It is very hard to produce insulin biologics. The point is competition brings it down to be affordable to most. We are getting off topic.
@THOTCrime@pupperio@koaleszenz I am not arguing for no welfare, merely for you to accept that the cutoff for what we now call a human right is somewhat arbitrary
@THOTCrime@pupperio@koaleszenz again you're arguing with some imaginary ancap teenager. i would like a robust pandemic response from the government and private institutions and have them break as many civil liberties as needed to minimize damage tbh. mandatory quarantine, etc.
@THOTCrime@pupperio@koaleszenz completely agree. for example why does a pharma patent last exactly 15 years, not 14, not 16? those sort of natural rights are somewhat arbitrary too.
@ryxcommar while the "experts" were either lying or under informed the tech and tech adjacent twitter accts who know how to read the news have been right on everything in corona szn. but it would cause vox-liberals too much pain to admit it
@ryxcommar I'm not saying the epidemiologists weren't on top of this. They've clearly been sounding the alarms for months. But none of them had the bully pulpit. Of the people who had loudspeakers, only people like @balajis said the right things, even while our government lies to us on tv
@mattparlmer@balajis truly incredible how the media narratives makes tectonic shifts based on culture war stuff with very little regard for the basic facts that we're all seeing. the liberal media and the conservative media have made multiple 180 turns
@ColinJMcAuliffe@ryxcommar@balajis the situations in seattle and san francisco would probably be measurably worse if all the tech companies hadn't closed their offices way before this was on anyone else's radar.
@ColinJMcAuliffe@ryxcommar@balajis and let's not forget the CDC has been gaslighting us about facemasks for months, and the WHO may as well be a chinese propaganda arm now. not inspiring much faith in experts
the "trust experts and don't have an opinion" thing is disgusting on so many levels tbh. if you "believe in science" you should do the exact opposite thing that these people are advocating, which is to sit tight and let authorities figure it out
@similaralterity@balajis balaji was a literal professor of biostatistics but advertises himself as a tech/VC guy when opining on this stuff, which is why i love him
@aquariusacquah yeah my account is too big. this shit will definitely get noticed. i should stop poasting tweets like this and empowering larger shitty accounts. hmm maybe i delete
@eigenrobot I meant “definitely annualized”, not “define” but thx anyway 😎. 50% gdp drop non annualized doesn’t make sense imo, that’s like an end of world scenario
@sonyasupposedly the other fear is that “no bailouts” in the US may mean that airlines move their companies to other countries that are more “friendly” to such failures
@jibreelriley not sure this adds up, you’re saying XYZ have bought up all the masks in the whole market for their “strategic reserve”? Why would they do this? Is this happening irl?
@WNeilrlw12@jdcmedlock usually the masks and gowns are for the benefit of the employees. patients will get serviced either way, it's the poor ER resident that gets hosed
@WNeilrlw12@jdcmedlock but in general getting your ER staff sick is definitely not good for a hospital's bottom line so you'd probably see hospitals try very hard to get supplies for them
every article about mask shortages will bury the lede at the very bottom, waiting to mention the regulatory difficulty of getting an N95 equivalent approved
@TabKim2@KyleRic09273577 I guess Michael Burry was right. Basel III removed price discovery from the credit markets, and ETFs/index funds removed price discovery from the equity markets.
@Desis4Pete but these reports usually list that it would take a few weeks to ramp up mask production at some facility, and then also say later that it would take twice or thrice as long to get them approved by the right regulators
@eigenrobot Was afraid of this but I think there is cause for hope. Respiratory viruses don’t do well in India’s climate (its gonna hit 40 C in a month), and the median age is like ~27.
@eigenrobot Yeah I was really hoping we were gonna learn this a winter virus and flares out in the summer, but watching the case counts rise in SEA and India means we probably have to brace for the worst
@JohnCarltonKing@WNeilrlw12@jdcmedlock That’s what I’m saying. Sick staff is bad for the bottom line.
In many places they’ll just force them to keep working tho