4 ms·

I understand that people are making extreme estimates, and I'm making good money off of their panic, but it's about time for a sober and level-headed look at ho

I understand that people are making extreme estimates, and I'm making good money off of their panic, but it's about time for a sober and level-headed look at how the past couple of weeks have stood up to what those people were predicting a couple of weeks ago. China had about the same number of infections 3 weeks ago as it does today, for example. And their most extreme lockdown measures are waning. We'll see what happens in a few months, but it looks like a lack of information causing people to assume the worst.

munk-a 7y ago
> I'm making good money off of their panic Stop profiteering off a misery, if you've been hawking over priced toilet paper you're exploiting people in their time of need. > We'll see what happens in a few months, but it looks like a lack of information causing people to assume the worst. Assume and prepare for the worst - the US government has had a critical shortage of test kits and it's nigh on impossible that the case numbers we've seen are accurate. Trump has previously specifically and openly acted to keep the numbers artificially low[1] along with generally showing a large amount of concern over the appearance of things to the detriment of dealing with the actual crisis. The actual numbers are worse than they look right now - everyone outside of the US trusts the US's numbers as much as we trusted China's numbers, the government (though this time almost certainly through incompetence rather than maliciousness) is not a trusted reporter of real data. Also, stop profiting off of misery. 1. Specifically "[...] would like to have the people come off. I’d rather have the people stay, but I’d go with them. I told them to make the final decision. I would rather—because I like the numbers being where they are. I don’t need to have the numbers double because of one ship that wasn’t our fault." https://www.motherjones.com/kevin-drum/2020/03/trump-keep-em-on-the-ship-i-dont-want-our-coronavirus-numbers-to-go-up/ https://www.motherjones.com/kevin-drum/2020/03/trump-keep-em...
- leggomylibro 7y ago
  I'm slowly buying into stocks as the market plummets due to people's irrational panic, which is a vote of confidence in the mid-term future. What are you talking about, "profiting off misery"? I'm profiting off of predictable herd behavior, and putting my money where my mouth is. Are you? Better start selling stocks if you really believe what you're saying, right?
  - munk-a 7y ago
    Ah sorry - given your comment above I assumed you were one of the folks reselling supplies.

munk-a 7y ago

> I'm making good money off of their panic Stop profiteering off a misery, if you've been hawking over priced toilet paper you're exploiting people in their time of need. > We'll see what happens in a few months, but it looks like a lack of information causing people to assume the worst. Assume and prepare for the worst - the US government has had a critical shortage of test kits and it's nigh on impossible that the case numbers we've seen are accurate. Trump has previously specifically and openly acted to keep the numbers artificially low[1] along with generally showing a large amount of concern over the appearance of things to the detriment of dealing with the actual crisis. The actual numbers are worse than they look right now - everyone outside of the US trusts the US's numbers as much as we trusted China's numbers, the government (though this time almost certainly through incompetence rather than maliciousness) is not a trusted reporter of real data. Also, stop profiting off of misery. 1. Specifically "[...] would like to have the people come off. I’d rather have the people stay, but I’d go with them. I told them to make the final decision. I would rather—because I like the numbers being where they are. I don’t need to have the numbers double because of one ship that wasn’t our fault." https://www.motherjones.com/kevin-drum/2020/03/trump-keep-em-on-the-ship-i-dont-want-our-coronavirus-numbers-to-go-up/ https://www.motherjones.com/kevin-drum/2020/03/trump-keep-em...

leggomylibro 7y ago
I'm slowly buying into stocks as the market plummets due to people's irrational panic, which is a vote of confidence in the mid-term future. What are you talking about, "profiting off misery"? I'm profiting off of predictable herd behavior, and putting my money where my mouth is. Are you? Better start selling stocks if you really believe what you're saying, right?
- munk-a 7y ago
  Ah sorry - given your comment above I assumed you were one of the folks reselling supplies.