🧑‍🤝‍🧑 / 🏡 CV-19: Effects on life, work, and sports

[planomateo]

Pretty sure you missed my point, I am trying to say surely there is a reason for a mask of nurses and doctors wear them. Agree not 100% but they are not pointless.

Was clear to me what you were saying.

 

[planomateo]

The feared jumbo mortgage debacle is here — thanks to the coronavirus — and ready to pound the housing market

COVID-19 pandemic is squeezing borrowers’ ability to stay in their homes, writes Keith Jurow.

www.marketwatch.com

 

[rocknthefreeworld]

I have been telling folks the housing crisis was coming back. During the second Obama term lenders started giving out loans to anybody in almost any amount and under Trump it increased. It was a given that any bump would cause a collapse.

 

[mando]

I have been telling folks the housing crisis was coming back. During the second Obama term lenders started giving out loans to anybody in almost any amount and under Trump it increased. It was a given that any bump would cause a collapse.

I have been saying all a long that the economic impact of this is still coming. The Government has propped up a lot of business but that can only last so long. The airline industry would have already collapsed w/o the Fed Government throwing more printed money at them. That is supposed to end as I recall in October unless it is extended and new money is printed (debt!!!!).

 

[Tidestalker]

I have been saying all a long that the economic impact of this is still coming. The Government has propped up a lot of business but that can only last so long. The airline industry would have already collapsed w/o the Fed Government throwing more printed money at them. That is supposed to end as I recall in October unless it is extended and new money is printed (debt!!!!).

Which was a big issue I've had with the recovery response from both parties.

Ultimately, we can print enough money to make the stock market look good. But this is a slow burn.

The main issue from my POV - The govt is helping corporations who've overextended themselves and mis managed any semblance of a rainy day fund that most of us simply expect others do be able to do for themselves. And of course, who gets the $ was bought and paid for by the lobbies and politicians who are in cahoots, but that's a whole different thread.

COVID is a bad situation for everyone. I just think the way the govt printed & dished out corporate $ will extend the struggle longer than necessary. Housing will be a mess, commercial real estate will go down in flames between bankruptcies and companies realizing they don't need office space to function anymore. Jobs will eventually come back, but goods will be more expensive and dollars will be worth less. BTW I know very little about the economy but like to B.S. a little... Certainly not great with money, but not the worst either. If there's one thing we can probably all agree on... Tough times ahead .

But on the bright side - The Crimson Tide is looking really damn good! This recent recruiting haul has been legendary... Seriously. If these guys hit the field, titles are sure to follow! RTR!

 

[planomateo]

companies realizing they don't need office space to function anymore.

I know probably 10 people who's companies are going to full remote as a result of this. They each sent out surveys to their employees inquiring about return to work. The small company I work for sent out a similar survey, only 10% wanted to be back in the office and of that only half are in the office everyday (myself being one of them). Wondering how this will change our culture.

Home / work life balance As a result will be terrible. Working from home full time is a bad idea in my opinion, not everyone is cut out for it...not many are in my experience.

I will not be surprised to see comapnies reneg on it eventually. Training new hires, employee engagement, general employee happiness will all take hits.

I had an interview with Facebook just before this mess, WFH was not an option and I had to move to the bay area. Perhaps they've changed their perspective. I don't plan on leaving Montana.

 

[mando]

I have been working from home since late Feb. Work for a conservative tech company that was always reluctant to embrace working from home with a few exceptions. Now they have seen that with a select staff in the office to manage hardware development most people can do their work from home. From the business side of things that means they can save money on maintenance cost of the facilities. It is going to happen because it will save the company $$$. If this can happen for a traditionally conservative business it is going to be wide spread.

With all of that said yes we can agree on this!!!

The Crimson Tide is looking really damn good!

Roll Tide gentlemen and stay safe!!!

 

[BamaFan334]

I know probably 10 people who's companies are going to full remote as a result of this. They each sent out surveys to their employees inquiring about return to work. The small company I work for sent out a similar survey, only 10% wanted to be back in the office and of that only half are in the office everyday (myself being one of them). Wondering how this will change our culture.

Home / work life balance As a result will be terrible. Working from home full time is a bad idea in my opinion, not everyone is cut out for it...not many are in my experience.

I will not be surprised to see comapnies reneg on it eventually. Training new hires, employee engagement, general employee happiness will all take hits.

I had an interview with Facebook just before this mess, WFH was not an option and I had to move to the bay area. Perhaps they've changed their perspective. I don't plan on leaving Montana.

Home Depot is considering this. My mother in law has been there thirty years and they are opening up to the idea of working from home going forward. Would solve their parking and traffic problem on campus, as well as their stretching at the seams building population.

 

[TerryP]

The feared jumbo mortgage debacle is here — thanks to the coronavirus — and ready to pound the housing market

COVID-19 pandemic is squeezing borrowers’ ability to stay in their homes, writes Keith Jurow.

www.marketwatch.com

Interesting read though I suspect it's premature and I definitely feel it's playing on emotional responses (as in fear.) Yes, according to their 1st quarter reports, there's a 10B difference in purchases and refinances. Last year, there was a 50b difference< the opposite way, throughout the entire year. But, I say it's likely premature because...

• The last month of the 1st quarter versus the first month of the second quarter: over a 16% increase from April to May.
• Then we see a 17% jump in the market in the first month (May) of the second quarter?
• Then we move to June with a 13+% jump in new home sales. The latter the highest level in almost 15 years.

776K x an average of 329K ... A LOT of new home sales (geez, 250B or so?) I wonder what the refinance numbers are for the first two months of the second quarter.

 

[RTB X Bot]

 

[It Takes Eleven]

Interesting read though I suspect it's premature and I definitely feel it's playing on emotional responses (as in fear.) Yes, according to their 1st quarter reports, there's a 10B difference in purchases and refinances. Last year, there was a 50b difference< the opposite way, throughout the entire year. But, I say it's likely premature because...

• The last month of the 1st quarter versus the first month of the second quarter: over a 16% increase from April to May.
• Then we see a 17% jump in the market in the first month (May) of the second quarter?
• Then we move to June with a 13+% jump in new home sales. The latter the highest level in almost 15 years.

776K x an average of 329K ... A LOT of new home sales (geez, 250B or so?) I wonder what the refinance numbers are for the first two months of the second quarter.

View attachment 14174

This guy has spent too much time crowing and not enough time supporting his position.

 

[TerryP]

Dayum. Cold.

 

[MunchyOs]

Companies going full remote seems to be the in thing right now. However, it's not without it's pitfalls. There are lots of things to consider. For starters, how is vacation time handled? I know that on the surface, the answer is "just like it was before. If someone takes a vacation or sick day, they simply don't login that day". But is it THAT simple? And, how is employee productivity really tracked? . Plus...can the whole world really put everything online? Eventually, someone somewhere will say "yeah... there's a reason we were operating out of an office". I don't see the remote workforce thing lasting forever. I know that Google just decided that there would be nobody returning to the offices until 2022. That's a bit extreme, IMO. But at least they are planning on reopening, albeit a very long time from now.

 

[Tidestalker]

Companies going full remote seems to be the in thing right now. However, it's not without it's pitfalls. There are lots of things to consider. For starters, how is vacation time handled? I know that on the surface, the answer is "just like it was before. If someone takes a vacation or sick day, they simply don't login that day". But is it THAT simple? And, how is employee productivity really tracked? . Plus...can the whole world really put everything online? Eventually, someone somewhere will say "yeah... there's a reason we were operating out of an office". I don't see the remote workforce thing lasting forever. I know that Google just decided that there would be nobody returning to the offices until 2022. That's a bit extreme, IMO. But at least they are planning on reopening, albeit a very long time from now.

Agreed on all that.... I personally think the physical work place is extremely valuable. But at the same time, it doesn't take 50% of the companies who are basically working from home to continue working from home. Almost certainly a smaller % will find those set backs well worth the cost of not renting out a large office space, which can create a domino effect in that commercial real estate market. Add that to the tens of thousands of businesses who've gone belly up in the last 4 months, and it becomes pretty easy to see some real issues in that market.

 

[BamaFan334]

How can the government reach a deal with a pharmaceutical company for a cure and a contract on it, unless they have a promising cure already close to production? Will someone enlighten me on how that can be possible?

 

[Tidestalker]

 

[rocknthefreeworld]

How can the government reach a deal with a pharmaceutical company for a cure and a contract on it, unless they have a promising cure already close to production? Will someone enlighten me on how that can be possible?

No. The deal is to allow them to shift to larger scale pharmaceutical production. They are taking out a large government loan to do so.

On July 28, 2020, the company announced it secured a Letter of Interest (LOI) from the U.S. International Development Finance Corporation (DFC) to establish Kodak Pharmaceuticals with a $765M loan. Kodak Pharmaceuticals will “produce up to 25 percent of active pharmaceutical ingredients used in non-biologic, non-antibacterial, generic pharmaceuticals…” The DFC describes itself as “America’s development bank.” As such, the DFC invests in private companies to support unaddressed, under-served, and emerging market needs in the U.S. In the case of Eastman Kodak, the DFC explained:

“Kodak Pharmaceuticals will produce critical pharmaceutical components that have been identified as essential but have lapsed into chronic national shortage, as defined by the Food and Drug Administration (FDA). Although Americans consume approximately 40 percent of the world’s supply of bulk components used to produce generic pharmaceutics, only 10 percent of these materials are manufactured in the United States … DFC’s loan will accelerate Kodak’s time to market by supporting startup costs needed to repurpose and expand the company’s existing facilities …”

Eastman Kodak Resurrects Itself As A COVID-19 Play (NYSE:KODK)

Eastman Kodak secured a Letter of Interest for a $765M loan from the U.S. International Development Finance Corporation.

seekingalpha.com

 

[TerryP]

. I know that Google just decided that there would be nobody returning to the offices until 2022.

Has this been changed in the last two or three days? There's a large Google facility a few miles from me and the employees there have been told they'll be allowed to work from home until July 2021.

 

[planomateo]

This whole thing is a perfect example of why less government is needed.

 

[BamaFan334]

No. The deal is to allow them to shift to larger scale pharmaceutical production. They are taking out a large government loan to do so.

Eastman Kodak Resurrects Itself As A COVID-19 Play (NYSE:KODK)

Eastman Kodak secured a Letter of Interest for a $765M loan from the U.S. International Development Finance Corporation.

seekingalpha.com

I read about Kodak from a stock standpoint. 1500% gain.

I'm talking Moderna. Pretty sure I read somewhere they were contracted for 100M doses of a vaccination.