Vail, Alterra close 49 ski resorts amid virus outbreak

https://www.foxnews.com/us/vail-alterra-close-ski-resorts-coronavirus

This is getting very real. Pro sports shut down. Ski resorts not operating. Travel restricted. Schools closing. Conferences cancelled.

The reality today is the polar opposite of Trump’s sunny optimism of a couple of weeks ago that it will disappear. I have read posts on this forum from his supporters saying the virus was “no big deal”. “Nothing to fear.” Just a product of “mass hysteria”.

Well it doesn’t look like that now. The country and the world are taking steps that I have never seen in my lifetime. The kinds of steps that I can only compare with things that occurred during WW II.

It is hard to imagine how this will not push the country and the world into a recession. Possibly a major recession.

 

President Trump must pay for this outrage!

 

I didn’t say that. I just made an observation that everything that is happening is likely to push the country and the world into recession.

But as you brought it up, how do you think this will play out politically? Do you think voters will move towards him because more people think he deals with the crisis well, or move away from him because the economy collapses or they think he deals with the crisis badly?

And the real point of the post is that life is changing. Things are happening that have never happened in my lifetime.

 

imo there's little danger on the slopes. It's all back at the lodge and signing in for your room, or possibly in your room. A lot of people want to stay home because if they do get coronavirus, that's generally where they will have the easiest time of it. But for healthy people under 50 there's little risk, however, the media has them scared out of their minds. Betcha not many NBA players who tested positive are going to the hospital or will have to stay down in bed.

 

When Xi Jinping announced to China's senior officials back on January 26th that China was facing "a grave situation", I got the strong impression that something was very different and very weird about whatever this new virus over there was all about.... Watching everything else that has popped-up into reality since then makes me sense that we're still seeing only 'the tip of the iceberg'.

The big ski resorts here in the Colorado Rockies were mostly planning on closing after Easter (April 12th) anyway, but they will lose a hell of a lot of money by missing that strangely elongated period that universities have now called "Spring Break". When I went to college... ah, who cares? That was a million years ago, when the purpose of getting an education was to prepare for a good career!

But economic considerations are going to be more and more important, as you suggest -- until, finally, the "Economy" will become THE most important thing in all this, and at that point we must be very careful! Remember this if nothing else -- the almighty-god STOCK MARKETS have always been, and will always remain THE most important thing to ours, or any other country's government!

When this still very overvalued, over-hyped combination of stock markets starts to feel the effect of cascading bankruptcies, first, in waves of small businesses, then, in larger and larger ones, you'll see governments (ours, theirs, everybody's) move heaven and Earth to 'rescue' the über-wealthy klatches of stock market gamblers and hedge-fund 'whales' -- EVEN FAR MORE THAN THEY DID IN 2008! And if that means throwing the rest of us 'under the bus', then you'd better go ahead and kiss your own ass goodbye (unless you were chauffeured home in a Rolls Royce Phantom)!

. "But, but... if you don't have STOCK MARKET, you don't have a COUNTRY...!"