tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Corona Virus effect on the art market?, by tab1 on Mar 16, 2020 15:32:32 GMT 1, If by June nothing is found to prevent or slow down the spread of the virus globally we would be on course for a global meltdown .
Government already have plans set in place for civil unrest
I remember when the matrix film came out the amount of people that the film caused mental health issues with in a documentary ,can just imagine the issues this would cause an effect on if long term with part of society ,end of world conspiracy groups in America etc at least if on lockdown interesting news stories to be occupied with
Any good
zombie flicks on Netflix?
In Spain shown on news not enough ventilators and elderly basically sent home to die
If by June nothing is found to prevent or slow down the spread of the virus globally we would be on course for a global meltdown .
Government already have plans set in place for civil unrest
I remember when the matrix film came out the amount of people that the film caused mental health issues with in a documentary ,can just imagine the issues this would cause an effect on if long term with part of society ,end of world conspiracy groups in America etc at least if on lockdown interesting news stories to be occupied with
Any good
zombie flicks on Netflix?
In Spain shown on news not enough ventilators and elderly basically sent home to die
|
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Corona Virus effect on the art market?, by tab1 on Mar 16, 2020 15:44:56 GMT 1, No matter how much restrictions Europe put In place they still have the problem of migrants that are evading detection and crossing through Europe and spreading the virus .
And the masses that arrive each day .
Hopefully would cause a ceasefire in Syria .
The same problem faces America with Mexican / Honduras migrant trail , evading detection not seeking medical care and spreading the virus
Also homeless would need to be set up in housing as would just continue to spread the virus as they can not isolate on the streets .
Big job in store for government strategic planners .
No matter how much restrictions Europe put In place they still have the problem of migrants that are evading detection and crossing through Europe and spreading the virus .
And the masses that arrive each day .
Hopefully would cause a ceasefire in Syria .
The same problem faces America with Mexican / Honduras migrant trail , evading detection not seeking medical care and spreading the virus
Also homeless would need to be set up in housing as would just continue to spread the virus as they can not isolate on the streets .
Big job in store for government strategic planners .
|
|
Rubberneck
Junior Member
๐จ๏ธ 1,050
๐๐ป 1,433
October 2018
|
Corona Virus effect on the art market?, by Rubberneck on Mar 16, 2020 16:39:11 GMT 1, If by June nothing is found to prevent or slow down the spread of the virus globally we would be on course for a global meltdown . Government already have plans set in place for civil unrest I remember when the matrix film came out the amount of people that the film caused mental health issues with in a documentary ,can just imagine the issues this would cause an effect on if long term with part of society ,end of world conspiracy groups in America etc at least if on lockdown interesting news stories to be occupied with Any good zombie flicks on Netflix? In Spain shown on news not enough ventilators and elderly basically sent home to die
If by June nothing is found to prevent or slow down the spread of the virus globally we would be on course for a global meltdown . Government already have plans set in place for civil unrest I remember when the matrix film came out the amount of people that the film caused mental health issues with in a documentary ,can just imagine the issues this would cause an effect on if long term with part of society ,end of world conspiracy groups in America etc at least if on lockdown interesting news stories to be occupied with Any good zombie flicks on Netflix? In Spain shown on news not enough ventilators and elderly basically sent home to die The Road is worth checking out..children of men, 28 days later.. |
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Corona Virus effect on the art market?, by tab1 on Mar 16, 2020 16:49:14 GMT 1, If by June nothing is found to prevent or slow down the spread of the virus globally we would be on course for a global meltdown . Government already have plans set in place for civil unrest I remember when the matrix film came out the amount of people that the film caused mental health issues with in a documentary ,can just imagine the issues this would cause an effect on if long term with part of society ,end of world conspiracy groups in America etc at least if on lockdown interesting news stories to be occupied with Any good zombie flicks on Netflix? In Spain shown on news not enough ventilators and elderly basically sent home to die The Road is worth checking out..children of men, 28 days later..
not too bad for a zombie flick, danny boyle too!ta
If by June nothing is found to prevent or slow down the spread of the virus globally we would be on course for a global meltdown . Government already have plans set in place for civil unrest I remember when the matrix film came out the amount of people that the film caused mental health issues with in a documentary ,can just imagine the issues this would cause an effect on if long term with part of society ,end of world conspiracy groups in America etc at least if on lockdown interesting news stories to be occupied with Any good zombie flicks on Netflix? In Spain shown on news not enough ventilators and elderly basically sent home to die The Road is worth checking out..children of men, 28 days later.. not too bad for a zombie flick, danny boyle too!ta |
|
|
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
|
|
|
|
Deleted
๐จ๏ธ 0
๐๐ป
January 1970
|
Corona Virus effect on the art market?, by Deleted on Mar 16, 2020 17:03:02 GMT 1, thank you all for the kind words and well wishes. I've spent the majority of time sleeping, i haven't slept this much in a long time. Yesterday the headache increased alot, so even the lowest setting brightness on my phone, with the filter on, bothers a lot. The headache is still there not as prominent as last night thought, i find that the symptoms of light headedness and pressure on the chest comes about when ever i'm not laying down.
i typed 6.42 and 7.10 out of habit of looking down at the dashboard and seeing those numbers ๐
, sometimes i get ahead of myself in assuming people know what i'm talking about w/o realizing.
hopefully people are becoming aware that this virus is no joke and will start staying in doors for their and other's sake. We need health to enjoy our fortunes, what ever they may be.
thank you all for the kind words and well wishes. I've spent the majority of time sleeping, i haven't slept this much in a long time. Yesterday the headache increased alot, so even the lowest setting brightness on my phone, with the filter on, bothers a lot. The headache is still there not as prominent as last night thought, i find that the symptoms of light headedness and pressure on the chest comes about when ever i'm not laying down.
i typed 6.42 and 7.10 out of habit of looking down at the dashboard and seeing those numbers ๐
, sometimes i get ahead of myself in assuming people know what i'm talking about w/o realizing.
hopefully people are becoming aware that this virus is no joke and will start staying in doors for their and other's sake. We need health to enjoy our fortunes, what ever they may be.
|
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Corona Virus effect on the art market?, by tab1 on Mar 16, 2020 17:23:27 GMT 1, thank you all for the kind words and well wishes. I've spent the majority of time sleeping, i haven't slept this much in a long time. Yesterday the headache increased alot, so even the lowest setting brightness on my phone, with the filter on, bothers a lot. The headache is still there not as prominent as last night thought, i find that the symptoms of light headedness and pressure on the chest comes about when ever i'm not laying down. i typed 6.42 and 7.10 out of habit of looking down at the dashboard and seeing those numbers ๐
, sometimes i get ahead of myself in assuming people know what i'm talking about w/o realizing. hopefully people are becoming aware that this virus is no joke and will start staying in doors for their and other's sake. We need health to enjoy our fortunes, what ever they may be.
hibiscrub
airgene
if you can source for your home to keep home environment as sterile as possible
all the best
thank you all for the kind words and well wishes. I've spent the majority of time sleeping, i haven't slept this much in a long time. Yesterday the headache increased alot, so even the lowest setting brightness on my phone, with the filter on, bothers a lot. The headache is still there not as prominent as last night thought, i find that the symptoms of light headedness and pressure on the chest comes about when ever i'm not laying down. i typed 6.42 and 7.10 out of habit of looking down at the dashboard and seeing those numbers ๐
, sometimes i get ahead of myself in assuming people know what i'm talking about w/o realizing. hopefully people are becoming aware that this virus is no joke and will start staying in doors for their and other's sake. We need health to enjoy our fortunes, what ever they may be. positive thinking although may be hard at times makes all the difference , hydration ,immune booster supplements and nutrition although may lose appetite needs to be kept up to help your immune system as best as possible . hibiscrub airgene if you can source for your home to keep home environment as sterile as possible all the best |
|
mw
New Member
๐จ๏ธ 186
๐๐ป 98
September 2019
|
Corona Virus effect on the art market?, by mw on Mar 16, 2020 17:25:33 GMT 1, Actually that's the whole point of the test: the test tells you if you're positive even if you're asymptomatic.... That's not what I heard and that is not what usually happens with virus diagnostic tests. ย You can have the AIDS virus but the test will not show positive until there is a high number of antibodies circulating in the blood. ย The same process is involved in the corona virus. ย Tests do not show the presence of actual viruses. ย They show the body's response to the viruses.ย
The test is a simple yes/no if you have the virus and will show up if you have symptoms or not.
There is currently no antibody test which would tell if you've had the virus.
The Americans were going to try and develop their own test, but gave up. Someone previously wrote that they thought Trump was doing well. Not sure what propaganda he's been hypnotised with but Trump is a proper bell end and properly f@#&ed it up.
Testing everyone, in an ideal world, would be great for all sorts of reasons. Simply allowing people to get on with their lives earning a living or assisting the unwell.
Actually that's the whole point of the test: the test tells you if you're positive even if you're asymptomatic.... That's not what I heard and that is not what usually happens with virus diagnostic tests. ย You can have the AIDS virus but the test will not show positive until there is a high number of antibodies circulating in the blood. ย The same process is involved in the corona virus. ย Tests do not show the presence of actual viruses. ย They show the body's response to the viruses.ย The test is a simple yes/no if you have the virus and will show up if you have symptoms or not. There is currently no antibody test which would tell if you've had the virus. The Americans were going to try and develop their own test, but gave up. Someone previously wrote that they thought Trump was doing well. Not sure what propaganda he's been hypnotised with but Trump is a proper bell end and properly f@#&ed it up. Testing everyone, in an ideal world, would be great for all sorts of reasons. Simply allowing people to get on with their lives earning a living or assisting the unwell. |
|
|
|
irl1
Full Member
๐จ๏ธ 9,274
๐๐ป 9,381
December 2017
|
Corona Virus effect on the art market?, by irl1 on Mar 16, 2020 17:47:15 GMT 1, Apart from that the governments and media seem to be determined to create mass hysteria and scare as many people as possible.
Just like you do here do you work for them 
Apart from that the governments and media seem to be determined to create mass hysteria and scare as many people as possible. Just like you do here do you work for them |
|
LJCal
Junior Member
๐จ๏ธ 2,983
๐๐ป 4,523
December 2019
|
Corona Virus effect on the art market?, by LJCal on Mar 16, 2020 17:51:18 GMT 1, Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were:
50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year.
70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected.
Peak-virus is expected over the next eight weeks, declining thereafter.
The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal.
Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly.
Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system.
There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load.
Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover.
Global GDP growth rate will be the lowest in 30 years at around 2%.
S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall.
There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year.
In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US.
Technically the market generally has been looking for a reason to reset after the longest bull market in history.
There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008.
Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were:
50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year.
70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected.
Peak-virus is expected over the next eight weeks, declining thereafter.
The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal.
Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly.
Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system.
There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load.
Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover.
Global GDP growth rate will be the lowest in 30 years at around 2%.
S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall.
There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year.
In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US.
Technically the market generally has been looking for a reason to reset after the longest bull market in history.
There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008.
|
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Corona Virus effect on the art market?, by moron on Mar 16, 2020 18:00:50 GMT 1, Apart from that the governments and media seem to be determined to create mass hysteria and scare as many people as possible. Just like you do here do you work for them
Why don't they just distribute masks and gloves for free at the entry and tell people put on the masks and do the shopping to prevent people with a cough, contaminating the stock on shelves etc and let people in to do their shopping. It's more logical than telling people to stay indoors as if every person in the street has Covid and will spread it.
The politicians and footballers can self isolate and have their food delivered. For people on low incomes and who have to go out everyday doing low paid work and live month by month. They cannot afford to not earn money as they won't be able to buy food.
The whole way that this is being dealt with is that people will ignore government advice out of desperation and could create riots in the streets.
Apart from that the governments and media seem to be determined to create mass hysteria and scare as many people as possible. Just like you do here do you work for them Supermarkets are restricting how many people can go in and shop. Why don't they just distribute masks and gloves for free at the entry and tell people put on the masks and do the shopping to prevent people with a cough, contaminating the stock on shelves etc and let people in to do their shopping. It's more logical than telling people to stay indoors as if every person in the street has Covid and will spread it. The politicians and footballers can self isolate and have their food delivered. For people on low incomes and who have to go out everyday doing low paid work and live month by month. They cannot afford to not earn money as they won't be able to buy food. The whole way that this is being dealt with is that people will ignore government advice out of desperation and could create riots in the streets. |
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Corona Virus effect on the art market?, by moron on Mar 16, 2020 18:02:16 GMT 1, Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were: 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year. 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected. Peak-virus is expected over the next eight weeks, declining thereafter. The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal. Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly. Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system. There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load. Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover. Global GDP growth rate will be the lowest in 30 years at around 2%. S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall. There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year. In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US. Technically the market generally has been looking for a reason to reset after the longest bull market in history. There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008.
Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were: 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year. 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected. Peak-virus is expected over the next eight weeks, declining thereafter. The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal. Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly. Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system. There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load. Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover. Global GDP growth rate will be the lowest in 30 years at around 2%. S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall. There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year. In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US. Technically the market generally has been looking for a reason to reset after the longest bull market in history. There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008. Why does everything have to come down to money? |
|
|
|
Deleted
๐จ๏ธ 0
๐๐ป
January 1970
|
Corona Virus effect on the art market?, by Deleted on Mar 16, 2020 18:11:59 GMT 1, Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were: 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year. 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected. Peak-virus is expected over the next eight weeks, declining thereafter. The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal. Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly. Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system. There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load. Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover. Global GDP growth rate will be the lowest in 30 years at around 2%. S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall. There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year. In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US. Technically the market generally has been looking for a reason to reset after the longest bull market in history. There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008. Why does everything have to come down to money?
Who did the report? Are they in Finance?
Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were: 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year. 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected. Peak-virus is expected over the next eight weeks, declining thereafter. The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal. Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly. Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system. There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load. Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover. Global GDP growth rate will be the lowest in 30 years at around 2%. S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall. There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year. In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US. Technically the market generally has been looking for a reason to reset after the longest bull market in history. There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008. Why does everything have to come down to money? Who did the report? Are they in Finance? |
|
moron
Junior Member
๐จ๏ธ 2,711
๐๐ป 1,051
September 2017
|
Corona Virus effect on the art market?, by moron on Mar 16, 2020 18:15:40 GMT 1, 
|
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Corona Virus effect on the art market?, by tab1 on Mar 16, 2020 18:31:02 GMT 1, Apart from that the governments and media seem to be determined to create mass hysteria and scare as many people as possible. Just like you do here do you work for themย ย ย ย Supermarkets are restricting how many people can go in and shop. ย Why don't they just distribute masks and gloves for free at the entry and tell people put on the masks and do the shopping to prevent people with a cough, contaminating the stock on shelves etc and let people in to do their shopping. It's more logical than telling people to stay indoors as if every person in the street has Covid and will spread it. ย ย The politicians and footballers can self isolate and have their food delivered. For people on low incomes and who have to go out everyday doing low paid work and live month by month. They cannot afford to not earn money as they won't be able to buy food. ย The whole way that this is being dealt with is that people will ignore government advice out of desperation and could create riots in the streets. ย ย ย ย ย
Civil disturbance act 1984 which prime minister briefly talked about and enforcement policing is an option
Army is on standby for civil unrest .
Also fines are an option .
There is even a law where the army can shoot people dead if they break exclusion zones this was bought up years ago when people thought threat from terrorists would be a dirty bomb and if a bomb would happen exclusion zones would be put in place to stop cross contamination
A few years later London bombings happened , delay on news release, restricted by the government and no exclusion zones put in place , policies clearly work.
Apart from that the governments and media seem to be determined to create mass hysteria and scare as many people as possible. Just like you do here do you work for themย ย ย ย Supermarkets are restricting how many people can go in and shop. ย Why don't they just distribute masks and gloves for free at the entry and tell people put on the masks and do the shopping to prevent people with a cough, contaminating the stock on shelves etc and let people in to do their shopping. It's more logical than telling people to stay indoors as if every person in the street has Covid and will spread it. ย ย The politicians and footballers can self isolate and have their food delivered. For people on low incomes and who have to go out everyday doing low paid work and live month by month. They cannot afford to not earn money as they won't be able to buy food. ย The whole way that this is being dealt with is that people will ignore government advice out of desperation and could create riots in the streets. ย ย ย ย ย Civil disturbance act 1984 which prime minister briefly talked about and enforcement policing is an option Army is on standby for civil unrest . Also fines are an option . There is even a law where the army can shoot people dead if they break exclusion zones this was bought up years ago when people thought threat from terrorists would be a dirty bomb and if a bomb would happen exclusion zones would be put in place to stop cross contamination A few years later London bombings happened , delay on news release, restricted by the government and no exclusion zones put in place , policies clearly work. |
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Corona Virus effect on the art market?, by tab1 on Mar 16, 2020 18:36:46 GMT 1, Now stated Not sure if effects pregnancies , think they should of held back with that advice as some people that are pregnant are hypersensitive and will cause unneeded stress and anxiety .
No priority still to test all health care workers
Now stated Not sure if effects pregnancies , think they should of held back with that advice as some people that are pregnant are hypersensitive and will cause unneeded stress and anxiety .
No priority still to test all health care workers
|
|
LJCal
Junior Member
๐จ๏ธ 2,983
๐๐ป 4,523
December 2019
|
Corona Virus effect on the art market?, by LJCal on Mar 16, 2020 18:48:08 GMT 1, Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were: 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year. 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected. Peak-virus is expected over the next eight weeks, declining thereafter. The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal. Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly. Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system. There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load. Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover. Global GDP growth rate will be the lowest in 30 years at around 2%. S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall. There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year. In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US. Technically the market generally has been looking for a reason to reset after the longest bull market in history. There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008. Whilst I agree with most of that I don't think Goldman Sachs is a completely impartial news source (for obvious reasons). ย And if they say China's economy will take six months to recover after the event then I don't see how they estimate that "stock markets should fully recover in the 2nd half of the year" - unless they mean the 2nd half of 2021. ย I agree that it doesn't feel like the market crash of 2008; it feels much worse. ย You can cure market crashes like 2008 quite easily with big government subsidies. ย Dealing with the fall out from a major pandemic is not quite so easy.
The stock market is only a very small slice of the economy as a whole. I agree that these companies will recover sooner than many other areas especially with the amount of fiscal stimulus thatโs coming down the track and government bail outs. I believe certain areas of the economy will never fully recover and smaller business will be hit disproportionately.
Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were: 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year. 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected. Peak-virus is expected over the next eight weeks, declining thereafter. The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal. Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly. Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system. There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load. Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover. Global GDP growth rate will be the lowest in 30 years at around 2%. S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall. There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year. In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US. Technically the market generally has been looking for a reason to reset after the longest bull market in history. There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008. Whilst I agree with most of that I don't think Goldman Sachs is a completely impartial news source (for obvious reasons). ย And if they say China's economy will take six months to recover after the event then I don't see how they estimate that "stock markets should fully recover in the 2nd half of the year" - unless they mean the 2nd half of 2021. ย I agree that it doesn't feel like the market crash of 2008; it feels much worse. ย You can cure market crashes like 2008 quite easily with big government subsidies. ย Dealing with the fall out from a major pandemic is not quite so easy. The stock market is only a very small slice of the economy as a whole. I agree that these companies will recover sooner than many other areas especially with the amount of fiscal stimulus thatโs coming down the track and government bail outs. I believe certain areas of the economy will never fully recover and smaller business will be hit disproportionately. |
|
LJCal
Junior Member
๐จ๏ธ 2,983
๐๐ป 4,523
December 2019
|
Corona Virus effect on the art market?, by LJCal on Mar 16, 2020 18:55:32 GMT 1, Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were: 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year. 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected. Peak-virus is expected over the next eight weeks, declining thereafter. The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal. Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly. Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system. There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load. Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover. Global GDP growth rate will be the lowest in 30 years at around 2%. S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall. There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year. In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US. Technically the market generally has been looking for a reason to reset after the longest bull market in history. There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008. Why does everything have to come down to money?
This is the thread about impact on the art market. Market = money
Some members may find this interesting. It is the conclusions of Goldman Sachs Investee call where 1,500 companies dialed in. The key economic takeaways were: 50% of Americans will contract the virus (150m people) as it's very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year. 70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected. Peak-virus is expected over the next eight weeks, declining thereafter. The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal. Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly. Mortality rate on average of up to 2%, heavily weight towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system. There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load. Chinaโs economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover. Global GDP growth rate will be the lowest in 30 years at around 2%. S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall. There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year. In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudiโs are caught in the middle and do not want to further cede market share to Russia or the US. Technically the market generally has been looking for a reason to reset after the longest bull market in history. There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008. Why does everything have to come down to money? This is the thread about impact on the art market. Market = money |
|
LJCal
Junior Member
๐จ๏ธ 2,983
๐๐ป 4,523
December 2019
|
Corona Virus effect on the art market?, by LJCal on Mar 16, 2020 18:58:51 GMT 1, Why does everything have to come down to money? Who did the report? Are they in Finance?
Itโs not a report, itโs the minutes of an investor conference call with Goldman Sachs held for 1,500 of their largest clients.
Why does everything have to come down to money? Who did the report? Are they in Finance? Itโs not a report, itโs the minutes of an investor conference call with Goldman Sachs held for 1,500 of their largest clients. |
|
Deleted
๐จ๏ธ 0
๐๐ป
January 1970
|
Corona Virus effect on the art market?, by Deleted on Mar 16, 2020 19:10:46 GMT 1, All just got a bit more real
All just got a bit more real
|
|
|
|
mw
New Member
๐จ๏ธ 186
๐๐ป 98
September 2019
|
Corona Virus effect on the art market?, by mw on Mar 16, 2020 19:10:49 GMT 1, Now stated Not sure if effects pregnancies , think they should of held back with that advice as some people that are pregnant are hypersensitive and will cause unneeded stress and anxiety . No priority still to test all health care workers
Not testing health workers is nuts especially with the new 14 day family rule. You're basically taking people out of the equation for 12 days longer than potentially necessary. Yes, this can be changed later on, but with no retroactive testing who will know if they've had it.
Now stated Not sure if effects pregnancies , think they should of held back with that advice as some people that are pregnant are hypersensitive and will cause unneeded stress and anxiety . No priority still to test all health care workers Not testing health workers is nuts especially with the new 14 day family rule. You're basically taking people out of the equation for 12 days longer than potentially necessary. Yes, this can be changed later on, but with no retroactive testing who will know if they've had it. |
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Corona Virus effect on the art market?, by tab1 on Mar 16, 2020 19:25:32 GMT 1, All just got a bit more real
And still some people still think its all a big fuss!
Few pages back on this thread displays some of the thoughts of some here that think this will blow over in a few weeks and fuss for nothing
All just got a bit more real And still some people still think its all a big fuss! Few pages back on this thread displays some of the thoughts of some here that think this will blow over in a few weeks and fuss for nothing |
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Corona Virus effect on the art market?, by tab1 on Mar 16, 2020 19:31:05 GMT 1, Everyone was a politician last year now we are all doctorsย ๐ท  stay safe
And in a few months quite a few will be dead
Everyone was a politician last year now we are all doctorsย ๐ท stay safe And in a few months quite a few will be dead |
|
mw
New Member
๐จ๏ธ 186
๐๐ป 98
September 2019
|
Corona Virus effect on the art market?, by mw on Mar 16, 2020 19:32:57 GMT 1, Everyone was a politician last year now we are all doctorsย ๐ท stay safe And in a few months quite a few will be dead
Or 6 inches taller ๐
Everyone was a politician last year now we are all doctorsย ๐ท stay safe And in a few months quite a few will be dead Or 6 inches taller ๐ |
|
denzil
New Member
๐จ๏ธ 703
๐๐ป 398
April 2009
|
Corona Virus effect on the art market?, by denzil on Mar 16, 2020 19:41:58 GMT 1, old shredie
old shredie |
|
hoolz2
New Member
๐จ๏ธ 10
๐๐ป 10
January 2020
|
Corona Virus effect on the art market?, by hoolz2 on Mar 16, 2020 19:55:36 GMT 1,
Maybe one of these?
Maybe one of these?
|
|
Javier
Junior Member
๐จ๏ธ 1,181
๐๐ป 1,846
Member is Online
November 2019
|
Corona Virus effect on the art market?, by Javier on Mar 16, 2020 20:09:24 GMT 1, old shredie
Why didnโt they postpone the elections???
And in one day they follow Italy and Spain. Crazy
old shredie Why didnโt they postpone the elections??? And in one day they follow Italy and Spain. Crazy |
|
tab1
Full Member
๐จ๏ธ 8,519
๐๐ป 3,679
September 2011
|
Corona Virus effect on the art market?, by tab1 on Mar 16, 2020 20:11:36 GMT 1, old shredie
old shredie What is happening to the homeless and the migrants? |
|
