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Bill Ackman's plea to shut things down for 30 days
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Last: 6 yr ago by Centerpole90
Why is a hedge fund CEO somebody we should listen to on this?
Because he has lots of money invested in put options?
forget the fact that the president nor congress have the authority to do this, but i think right answer is do enough not to overwhelm the medical system vs total shut down which will be complete devastation of the economy.
we can't keep people from being infected, everyone eventually will be, over time, we just don't want the health care overwhelmed to keep fatality rates at the minimum.. there is a inflection point on shut down and impact on spread vs damage to economy. total shutdown is way to the right of the spectrum
we can't keep people from being infected, everyone eventually will be, over time, we just don't want the health care overwhelmed to keep fatality rates at the minimum.. there is a inflection point on shut down and impact on spread vs damage to economy. total shutdown is way to the right of the spectrum
brownbrick said:
Because he has lots of money invested in put options?
The live ticker as he is talking about Hilton stock was kind of amazing to me.
He says something like every hotel stock is going to zero over the next 18 months if we don't shut down because no business can survive zero revenue, and I have a large position in Hilton and it drops to 50 and then he says but we have been aggressively buying stocks, including Hilton because I believe we are going to shut down long enough to beat this and it immediately ticks up $3.
Fenrir said:
Why is a hedge fund CEO somebody we should listen to on this?
They took off the White House briefing just as it was getting started to put this guy on for over 20 minutes. It was crazy.
He is employing an amazing strategy for how to get rich quick
Easy for a billionaire to say
He is fairly optimistic that by shutting down 90+% of worker's travel that we can shut down the virus. I would love to see the models for that.
Rock1983 said:
forget the fact that the president nor congress have the authority to do this, but i think right answer is do enough not to overwhelm the medical system vs total shut down which will be complete devastation of the economy.
we can't keep people from being infected, everyone eventually will be, over time, we just don't want the health care overwhelmed to keep fatality rates at the minimum.. there is a inflection point on shut down and impact on spread vs damage to economy. total shutdown is way to the right of the spectrum
You don't think the govt has the authority to declare martial law and keep you in your home? Think again. The Cali governor floated this scenario out just today.
San Antonio just shut down all "non-essential" commercial businesses, whatever that means. I assume it means storefronts, so retail establishments primarily, and doesn't extend to other types of workplaces.
Restaurants can still deliver or do curbside pickup.
The mayor also strongly encouraged people to stay home after 10:00 pm, although he said he was not imposing a curfew.
Restaurants can still deliver or do curbside pickup.
The mayor also strongly encouraged people to stay home after 10:00 pm, although he said he was not imposing a curfew.
Does the virus pick up steam after dark? I'm genuinely curious why this is even mentioned.LawHall88 said:
San Antonio just shut down all "non-essential" commercial businesses, whatever that means. I assume it means storefronts, so retail establishments primarily, and doesn't extend to other types of workplaces.
Restaurants can still deliver or do curbside pickup.
The mayor also strongly encouraged people to stay home after 10:00 pm, although he said he was not imposing a curfew.
Maybe I'm a cynic, but I think he is easing us towards the possibility of a lockdown situation. Not sure why, though, since we only have 11 confirmed cases at the moment.96ags said:Does the virus pick up steam after dark? I'm genuinely curious why this is even mentioned.LawHall88 said:
San Antonio just shut down all "non-essential" commercial businesses, whatever that means. I assume it means storefronts, so retail establishments primarily, and doesn't extend to other types of workplaces.
Restaurants can still deliver or do curbside pickup.
The mayor also strongly encouraged people to stay home after 10:00 pm, although he said he was not imposing a curfew.
Meanwhile there's thousands of kids chugging beer off of each other in Padre
Kill the bar scene, less chance for spreading.96ags said:Does the virus pick up steam after dark? I'm genuinely curious why this is even mentioned.LawHall88 said:
San Antonio just shut down all "non-essential" commercial businesses, whatever that means. I assume it means storefronts, so retail establishments primarily, and doesn't extend to other types of workplaces.
Restaurants can still deliver or do curbside pickup.
The mayor also strongly encouraged people to stay home after 10:00 pm, although he said he was not imposing a curfew.
I just assumed bars fell under the "Non-essential" moniker.
Searched for 'curfew' and this thread came up. Cameron County Judge laying out that he is 'likely' going to implement a curfew countywide starting tomorrow....96ags said:Does the virus pick up steam after dark? I'm genuinely curious why this is even mentioned.LawHall88 said:
San Antonio just shut down all "non-essential" commercial businesses, whatever that means. I assume it means storefronts, so retail establishments primarily, and doesn't extend to other types of workplaces.
Restaurants can still deliver or do curbside pickup.
The mayor also strongly encouraged people to stay home after 10:00 pm, although he said he was not imposing a curfew.
Are any other areas under curfew? Serious question; the changes are coming so fast I have a hard time keeping up with what's here, there, or everywhere.
https://www.krgv.com/news/cameron-co-judge-considering-county-wide-curfew
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