The problem with covid related issues is it turns people with usually good credit history into people who cant pay. That graph looks ugly.Totally agree that we are not as bad as a month ago however we are in the calm ahead of the financial storm. Things ought to get ugly after the election.
Unemployment:
Delinquincies in mortgages below. It's going to kill the real estate market when you try to sell a house and have to compete with banks selling more than one on your street.
Life! (corona virus, non informative, non hysterical post)
- Thread starter deftoner
- Start date
Nevada is headed for an economic disaster that will make the Great Depression look like a speed bump. As with everything, its a cascade failure in the making. We rely far too heavily on one industry (gaming); like many states our unemployment system is overwhelmed, understaffed, and has been accused of "systematic incompetence" leading to hundreds of thousands unpaid claims; our governor has begun to lift the moratorium on evictions, starting with commercial properties earlier this month, with residential properties following on September 1.Totally agree that we are not as bad as a month ago however we are in the calm ahead of the financial storm. Things ought to get ugly after the election.
Unemployment:
Delinquincies in mortgages below. It's going to kill the real estate market when you try to sell a house and have to compete with banks selling more than one on your street.
We have the highest unemployment rate in the country (higher than the entire US during the Depression), coupled with a rollback to Phase 1 (bars and taverns closed, gyms, pools and water parks are likely next), a governor unwilling to step up and take charge of the unemployment crisis (we just had our second unemployment department leader resign in the last 6 months) and a growing spike in COVID-19 cases nationwide that will continue to have effects for years. The Recession of 2008-2009 already hit Nevada and Arizona the hardest (it was a coin flip every month as to whether Phoenix or Las Vegas had the highest foreclosure rates then, but they were always either number 1 or number 2), and we had just barely recovered from the effects of that crisis when this one hit. While the growing number of cases in the US is a major concerns, we continue to see an even bigger impact on the financial well-being of a large swath of our population. It will be interesting to see what changes happen as a result of this pandemic and all the related repercussions...
squarebore
Well-Known Member
Looking from outside the US appears to be a real mess and has a lot of countries like Australia worried. The main concern is the balance of power as the US becomes weaker on a global scale. Relatively, China is becoming stronger and exerting influence across the Asia Pacific region and the US is not responding as they used too. We have changed our defence stance to be more aggressive and less defensive. It is sad to see our long time ally in such a situation. Every day we read the news on the US and it just keeps getting worse.
Sent from my SM-G965F using Tapatalk
Sent from my SM-G965F using Tapatalk
I stopped watching the news weeks ago because it is way too depressing. I guess this is what happens when the "leadership" has no plan and ignores the medical and scientific experts.
SHUMBA
Well-Known Member
Well Kansas City is in Missouri...yes similar in the mid west....however I'm a Canadian and have been in several of these states..but there's nothing like my fav "sweet home Alabama".The same . Only different
Cullman county...dry county up until about eight years ago. Birmingham has the Barber motorcycle museum, well worth a visit...just don't go into the city centre of Birmingham particularly after dark.
SHUMBA
Sent from my SM-A520W using Tapatalk
Could be good news
Oxford coronavirus vaccine triggers immune response, trial shows
www.theguardian.com
Oxford coronavirus vaccine triggers immune response, trial shows
Oxford coronavirus vaccine triggers immune response, trial shows
Early results also indicate vaccine is safe, raising hopes it could help end pandemic
www.theguardian.com
Tenman
Well-Known Member
I ran into an old friend in Wally world today. He was telling me that all 3 people at his house had covid and it wasn't too bad. Then he started bitchin about wearing masks. He had his on his neck. I backed off and got away
gunslinger_006
Well-Known Member
Barber is literally the only redeeming feature of the entire state of AL.
deftoner
On a bad day just remember: 1st Down,all rest Up.
I read my original post, remembering what I was thinking back then about this "pandemic" and now all this month after that... man, I wasn't even imagine that the world will stop.
I live in south florida, where there are 10k cases a day. and people still going out and have parties and dont wear a mask.
I bought an RV, idea that we had in mine for years and this covid thing gave us the excuse for it... no hotel, no airports, is perfect... We travel 2 month ago to georgia. After leaving hollywood fl, gas stations on road where like from another world. NOBODY was wearing a mask. NOBODY even washed their hand at the restroom. and georgia? well that but worst. Masks were "recommended".
We cant hide every single time that a new virus or bacteria comes out. but we wont be licking the toilet sit.... oh well...
My sister is a biological technician in Argentina. A real vaccine is near to be released, and we will fight the state 2 of this stupidity, the anti vaccine people...
Sometimes the solution for a big problem is at hand but you need to fight humanity to apply it.
I thanks god for the opportunity to help others printing masks (I printed and shipped 256 reusable masks) but sometimes feels like I'm adding a grain of sand for the solution but other people are throwing it away by buckets.
I live in south florida, where there are 10k cases a day. and people still going out and have parties and dont wear a mask.
I bought an RV, idea that we had in mine for years and this covid thing gave us the excuse for it... no hotel, no airports, is perfect... We travel 2 month ago to georgia. After leaving hollywood fl, gas stations on road where like from another world. NOBODY was wearing a mask. NOBODY even washed their hand at the restroom. and georgia? well that but worst. Masks were "recommended".
We cant hide every single time that a new virus or bacteria comes out. but we wont be licking the toilet sit.... oh well...
My sister is a biological technician in Argentina. A real vaccine is near to be released, and we will fight the state 2 of this stupidity, the anti vaccine people...
Sometimes the solution for a big problem is at hand but you need to fight humanity to apply it.
I thanks god for the opportunity to help others printing masks (I printed and shipped 256 reusable masks) but sometimes feels like I'm adding a grain of sand for the solution but other people are throwing it away by buckets.
pooh and xtine
Well-Known Member
Flu viruses take their course whatever we do. Locking down just slows the virus’s progress and extends the period that it affects the community before it dies out. OK this was a virulent strain, but the world’s response has been ludicrously disproportionate. Media scaremongering has forced governments to apply ridiculous measures, but this has been just political expediency in order to avoid criticism and ensure their survival. We’ve massively overstated the deaths from covid here in the UK - most deaths have been from underlying conditions (principally obesity or obesity related) or old age, rather than genuinely caused by covid and our figures still include deaths from any cause if the deceased had a positive covid test within the previous 28 days (even if they died in a car crash, for example!). I’m aware of cases where doctors routinely put “covid in the vicinity” on death certificates of people who died of cancer, heart failure or just natural causes, and these deaths are included in our covid stats.
The madness of our response to covid is far worse than the virus itself and will have a much more devastating impact on our health, wealth and wellbeing longer term
The madness of our response to covid is far worse than the virus itself and will have a much more devastating impact on our health, wealth and wellbeing longer term
Tenman
Well-Known Member
Some people have to have a loved one or sometimes two to die to see the light.
I guessing that's because they get governmental "covid money" for anything associated with it. My youngest, and his pregnant wife, tested positive, got sent home for 14 days, got payed, and didn't have to use their sick time. Good for them, but one can see where it could be exploited. Also makes me doubt a lot of the "positives" that are showing up. She had a slight cough, and some congestion. Neither had a fever, and he had absolutely zero symptoms.
richarddacat
Well-Known Member
We had six at work to have family members test positive. The workers were quarantined but didn’t catch it even though some were taking care of the sick one.
One out those six testing positive is still in the hospital, 2nd week. He was a healthy person as far as appearances, 50yrs old.
We also have a few that think they were sick with it back in Feb., myself included.
Weird, viruses do what they do.
One out those six testing positive is still in the hospital, 2nd week. He was a healthy person as far as appearances, 50yrs old.
We also have a few that think they were sick with it back in Feb., myself included.
Weird, viruses do what they do.
Sad, but true.
My daughter is still working on multiple potential vaccine programs and we've talked about the wide variation in how this hits individuals. Roughly 40% are asymptomatic and either never know they had it or just felt off for a day or two. Another 40% (making 80% of the total) have only minor effects and so the common refrain from 4 out of 5 people who get it is "nothing to worry about." Setting aside the couple of percent fatal who are usually vulnerable due to age, blood pressure, etc, almost 1 out of 5 DOES have serious symptoms and about half of those (close to one in 8 people) have long term damage.
I'm not worried about dying; when it's my time so be it. But I have no desire to be in that one out of eight or even the one in four. Plus, we've got a 13 week and 88 year old in the immediate family bubble.
On a somewhat related note, the reason the FDA had resisted the political pressure about approving convalescent plasma is that (1) the real results have been marginal, (2) efficacy depends largely on the amount of antibodies the donor had, (3) making the results highly variable for any particular patient. Using convalescent plasma has been around for close to 100 years and almost 100,000 COVID patients have already had it, so the therapy is hardly new or ground-breaking, but it made for good politics going into a political convention.
I'm not worried about dying; when it's my time so be it. But I have no desire to be in that one out of eight or even the one in four. Plus, we've got a 13 week and 88 year old in the immediate family bubble.
On a somewhat related note, the reason the FDA had resisted the political pressure about approving convalescent plasma is that (1) the real results have been marginal, (2) efficacy depends largely on the amount of antibodies the donor had, (3) making the results highly variable for any particular patient. Using convalescent plasma has been around for close to 100 years and almost 100,000 COVID patients have already had it, so the therapy is hardly new or ground-breaking, but it made for good politics going into a political convention.
September 7 (just a little over a week away) marks 6 months since I've been "allowed" to work. Clark county (Las Vegas) has about 12 million square feet of meeting space sitting idle with no plans to re-open anytime soon, which leaves about 68,000 people unemployed. And our residential eviction moratorium expires on September 1...the economy is about to get a whole lot worse...
Nikolajsen
"Keep it simple"
I really hope you find a way through this
Wow. That's a lot of people who will be competing for any jobs that do come open.
Sorry B
Sorry B
There are some signs of life, but not enough. I was fortunate to find work for a company doing virtual events, and I'm working on the design phase of a hybrid event (both in-person and virtual) for early October.
But this will definitely get worse before it gets better. I've actually pondered a career change, and at 48 years old thats no easy task...