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#52
posted to rec.boats
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Way to go Ford/GE
On 4/1/2020 4:43 PM, wrote:
On Wed, 1 Apr 2020 13:46:54 -0400, "Mr. Luddite" wrote: On 4/1/2020 1:35 PM, wrote: On Wed, 01 Apr 2020 11:45:20 -0400, wrote: On Wed, 1 Apr 2020 08:09:02 -0400, "Mr. Luddite" wrote: If the USA really clamps down on its reliance on Chinese manufactured items (as it should) the Chinese economy could be in for a free-fall. If it does, there's no turning back. The Chinese Communist government opened a Pandora's box about 30 years ago when they started embracing their government controlled version of capitalism and "free markets". Once a significant portion of their population start benefiting from this, there's no way to close the Pandora's box again. === It's important to remember that the western world has become more or less addicted to buying cheap manufactured goods from China. That is a major reason why we have enjoyed low inflation for the last 30 years or so. China has become the low cost producer for just about everything we consume and it will be extremely difficult to unwind that without major disruptions to our economy and standard of living. China has many millions of people willing to work at low wage factory jobs and we do not. China's form of government and culture makes it easier for them to tell their people to suck it up and get back to work. I think they still have a much worse Covid problem than they are willing to admit but it is also easier for them to isolate the cases and protect the factories. They also have a lot more control over the news. You don't have anyone on TV there saying Xi is an incompetent fool or that their situation is being mishandled. It is easier for the average coolie to think all that can be done is being done. There have been reports (true or not?) that leaks by people within China indicates the real death toll there so far exceeds 84,000. Are we surprised. As I said when they declared the crisis was over. they understand they have a business to run and they are going to get back to work. What's a half a million dead people to them? There are plenty more where they came from. I do believe they are doing better at containing the infection but guys walking around with AKs and clubs are far more effective than people on TV saying "please stay home". LOL -- This email has been checked for viruses by AVG. https://www.avg.com |
#53
posted to rec.boats
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Way to go Ford/GE
On 4/1/2020 4:37 PM, wrote:
On Wed, 1 Apr 2020 13:39:59 -0400, Keyser Soze wrote: On 4/1/20 11:45 AM, wrote: On Wed, 1 Apr 2020 08:09:02 -0400, "Mr. Luddite" wrote: If the USA really clamps down on its reliance on Chinese manufactured items (as it should) the Chinese economy could be in for a free-fall. If it does, there's no turning back. The Chinese Communist government opened a Pandora's box about 30 years ago when they started embracing their government controlled version of capitalism and "free markets". Once a significant portion of their population start benefiting from this, there's no way to close the Pandora's box again. === It's important to remember that the western world has become more or less addicted to buying cheap manufactured goods from China. That is a major reason why we have enjoyed low inflation for the last 30 years or so. China has become the low cost producer for just about everything we consume and it will be extremely difficult to unwind that without major disruptions to our economy and standard of living. China has many millions of people willing to work at low wage factory jobs and we do not. Corporations here offshored manufacturing to countries paying near-slave wages and in the process increased their profit margins by hundreds of percentage points on many items. American workers want decent wages and benefits, and these are disappearing. You aren't going to see serious levels of manufacturing that went offshore coming back here and, of course, for the most part, we don't have the technology anymore to do most of the work. The American consumer is as much to blame as the corporations. They are just giving us what we want. When there was a choice, in the 90s, people voted with their wallets and bought the cheaper offshore goods leaving the American made stuff sitting there. With no market for American made stuff, the factories moved or closed. Clinton made it financially advantageous with trade policies and multinational agreements like NAFTA and GATT. We actually rewarded companies who moved offshore. We also accepted lower quality with that lower cost. IBM (Gerstner) called it "Market Driven Quality". I still have the hat. http://gfretwell.com/electrical/mdq.jpg They went from emulating Sony to emulating WalMart (absolutely true). We went from quality circles and 6 sigma to "give nothing more than they are willing to pay for". Unfortunately for guys like me, we found out they were not willing to pay for quality and I was unwilling to do a ****ty job. That be all true but if there is anything to be learned from this covid-19 thing, we need to pay attention to the items we rely upon others to make and sell to us. Anything to do with national security should be made here with some licensing authority for other "friendly" nations or allies. Same with pharmaceuticals. They need to be made here. It friggin' amazes me that the VA buys most of it's medications from China. China and others can make television sets, cheap computers and cell phones if they want. Some car parts also. They are not a threat to national security. -- This email has been checked for viruses by AVG. https://www.avg.com |
#54
posted to rec.boats
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Way to go Ford/GE
On Wed, 1 Apr 2020 14:30:43 -0400, "Mr. Luddite"
wrote: On 4/1/2020 1:01 PM, wrote: On Wed, 1 Apr 2020 07:38:29 -0400, "Mr. Luddite" wrote: On 4/1/2020 7:26 AM, John wrote: On Tue, 31 Mar 2020 23:47:11 -0400, wrote: On Tue, 31 Mar 2020 20:56:35 -0400, John wrote: And you predicted all this a month ago? I'm sorry. 2 weeks and 4 days ago On Thu, 12 Mar 2020 20:03:17 -0400, Alex wrote: Adorable Deplorable wrote: On Thu, 12 Mar 2020 12:46:28 -0400 (EDT), Justan Ohlphart wrote: Adorable Deplorable Wrote in message: On Thu, 12 Mar 2020 08:32:39 -0700 (PDT), Its Me wrote:On Thursday, March 12, 2020 at 11:18:01 AM UTC-4, John H wrote: ...that is the question! -- Freedom Isn't Free!Don't sell. Not unless you want to turn your short term losses into long term losses.The idea would be to get back in when, and if, things start improving. I'm not 'investor certified'though!--Freedom Isn't Free! A 50% loss would result in the need to make a 100% gain to break even, if you bought back the same stock at what you sold it for. If the stock declined another 50% you could buy twice the amount you sold but you'd still need a 100% gain to break even. If the stock rose 50% after you sold it would cost you 25% more to buy it back. If the stock regained its original value it would cost you twice as much as you sold it for, to buy it back. Numbers dont lie. I suppose that means to hang on to it? -- Freedom Isn't Free! And buy more! snip stock thing If they are really serious that we are going to hit stop on the economic engine until they declare the virus is contained, the economy might not start when we hit go. The debt bomb we are all dreading may have gone off by then and we will be in worse shape than 2008-9 with the central banks failing not just AIG and Lehman. I understand that is probably not going to happen but it isn't as unrealistic as some of the predictions I am hearing about this virus. Another dire prediction? When, and if, this is all over, you will undoubtedly win the prize for the most dire predictions! Greg, just a thought: China is America's biggest creditor by far. Is China going to call the note? And even if they did, what if the USA just said, "**** you"? Is China going to turn it over to a collection agency? :-) Actually China has backed away from US paper and they are not the biggest holder, Japan is. I think may have changed back to China again. it's neck and neck. Both were very close to each other last fall (August of 2019). Japan held 1.12 trillion China held 1.11 trillion source: https://www.scmp.com/business/companies/article/3023034/japan-overtakes-china-biggest-creditor-us-japans-june-treasuries According to this chart though, (fiscal 2018) China and Japan pale by comparison when one looks at the whole creditor list: #1 - US Individuals and Institutions at 38.8% #2 - US Social Security Trust Fund at 13% #3 - US Federal Reserve at 12.5% #4 - China and Hong Kong at 5.7% #5 - Japan at 5.4% #6 - US Civil Servant Retirement Fund at 4.3% #7 - US Military Retirement Fund at 3.5% #8 - Belgium, Ireland and Luxembourg at 3.2% #9 - Brazil at 1.5% #10 - United Kingdom at 1.3% #11 - All other Foreign Nations at 12% Link: https://blog.independent.org/2019/09/03/who-are-the-u-s-governments-biggest-creditors/ 2, 3, 6 & 7 is just a bookkeeping trick, the US government calling a debt an asset. When you owned your business, could you spend a million bucks, put an IOU in your safe for a million and tell the bank you had a million in reserves, then write more checks on it saying you were paying yourself an unrealistic interest? |
#55
posted to rec.boats
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Way to go Ford/GE
On Wed, 1 Apr 2020 18:32:51 -0000 (UTC), Bill
wrote: wrote: On Wed, 1 Apr 2020 07:38:29 -0400, "Mr. Luddite" wrote: On 4/1/2020 7:26 AM, John wrote: On Tue, 31 Mar 2020 23:47:11 -0400, wrote: On Tue, 31 Mar 2020 20:56:35 -0400, John wrote: And you predicted all this a month ago? I'm sorry. 2 weeks and 4 days ago On Thu, 12 Mar 2020 20:03:17 -0400, Alex wrote: Adorable Deplorable wrote: On Thu, 12 Mar 2020 12:46:28 -0400 (EDT), Justan Ohlphart wrote: Adorable Deplorable Wrote in message: On Thu, 12 Mar 2020 08:32:39 -0700 (PDT), Its Me wrote:On Thursday, March 12, 2020 at 11:18:01 AM UTC-4, John H wrote: ...that is the question! -- Freedom Isn't Free!Don't sell. Not unless you want to turn your short term losses into long term losses.The idea would be to get back in when, and if, things start improving. I'm not 'investor certified'though!--Freedom Isn't Free! A 50% loss would result in the need to make a 100% gain to break even, if you bought back the same stock at what you sold it for. If the stock declined another 50% you could buy twice the amount you sold but you'd still need a 100% gain to break even. If the stock rose 50% after you sold it would cost you 25% more to buy it back. If the stock regained its original value it would cost you twice as much as you sold it for, to buy it back. Numbers dont lie. I suppose that means to hang on to it? -- Freedom Isn't Free! And buy more! snip stock thing If they are really serious that we are going to hit stop on the economic engine until they declare the virus is contained, the economy might not start when we hit go. The debt bomb we are all dreading may have gone off by then and we will be in worse shape than 2008-9 with the central banks failing not just AIG and Lehman. I understand that is probably not going to happen but it isn't as unrealistic as some of the predictions I am hearing about this virus. Another dire prediction? When, and if, this is all over, you will undoubtedly win the prize for the most dire predictions! Greg, just a thought: China is America's biggest creditor by far. Is China going to call the note? And even if they did, what if the USA just said, "**** you"? Is China going to turn it over to a collection agency? :-) Actually China has backed away from US paper and they are not the biggest holder, Japan is. When a country defaults on it's debt the world devalues their money. We pay it back in much higher prices for imported goods. That will also make domestic goods more expensive and eat your savings. Do you really think we can print massive amounts of money while the GDP is crashing without consequences? Worked for the Weimar Republic, didn’t it? If you think the rise of the Nazis was success. Hitler did turn the economy around tho, as did Il Duce and Togo. Too bad it took 100 million dead people to set that right. Those who ignore history are doomed to repeat it. |
#56
posted to rec.boats
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Way to go Ford/GE
On Wed, 1 Apr 2020 11:48:28 -0700 (PDT), Its Me
wrote: On Wednesday, April 1, 2020 at 7:43:02 AM UTC-4, Mr. Luddite wrote: On 4/1/2020 7:28 AM, John wrote: On Tue, 31 Mar 2020 21:00:41 -0700 (PDT), Its Me wrote: On Tuesday, March 31, 2020 at 8:56:37 PM UTC-4, John H wrote: On Tue, 31 Mar 2020 20:20:18 -0400, wrote: On Tue, 31 Mar 2020 17:49:04 -0400, John wrote: On Tue, 31 Mar 2020 17:26:38 -0400, wrote: On Tue, 31 Mar 2020 13:46:45 -0400, John wrote: On Tue, 31 Mar 2020 12:44:21 -0400, wrote: On Tue, 31 Mar 2020 11:36:04 -0400, "Mr. Luddite" wrote: While GM dragged their feet over contract issues, Ford in partnership with GE Health got to work making ventilators. Interesting concept. After consultation with GE and with consideration to the type of locations they will be used, they are going to focus on a simple, proven design that is air powered rather than by electricity. Reduces the complexity and permits the ventilator to be used with a tank of oxygen only. Ford engineers visited GE and worked out some manufacturing improvements that will allow GE to also ramp up production. Ford is setting up a manufacturing facility in Michigan and expects to produce 50,000 ventilators over the next 100 days. Ford executive says it's the perfect combination of company strengths and capabilities. GE has a proven ventilator design and Ford has the expertise in mass production. Ford also said production rates will go up as required. I think our biggest problem will be what to do with a half of a million ventilators in a year or so when this blows over. Maybe Oprah can give them away on her show. I bet there will be a glut of n-95 masks on the market too. That is a good thing tho. I was paying at least, a couple bucks each for them last year. Do you really think that will be our biggest problem? You sound much like Harry with that kind of crap. As Trump said, if we have extras, there are lots of countries in need. I am trying not to think about the global financial collapse. People have been telling me for a month that I was crazy even suggesting it. BTW when this is over, the excessive need will be gone. I think we are going to flood the world with this stuff once they get tooled up to make it and the government is printing money to get it out the door. Half a million ventilators will surely not cause a global financial collapse. Will there be a financial collapse? Maybe. If so, you can say you predicted it months ago. I don't remember you suggesting it, but if you say you did, and it happens, you deserve the credit for predicting it. I'm surprised Harry hasn't beat you to that prediction and blames it on Trump. I am not seeing anything that looks any other possibility. Whether it is an unrecoverable collapse is the only question. With no end in sight of keeping our foot on the throat on the western economy we have to consider the consequences. South Europe was dragging down the Euro in a food economy with Germany propping it up. The German finance minister just killed himself. You have to wonder what that was all about. I bet UK is happy they Brexited. The big winner here is going to be China. Whether they have actually controlled this virus or not, their official story is they are back open for business. The US, not so much and the predictions here are far fewer than half of small business is going to survive. Bigger companies are likely to be in trouble too if they can't make something the government is buying. Other than that, if you can't buy it in a grocery store, drug store or a liquor store, we are not buying it. The businesses are all closed. I still think real unemployment is about 30% and I may be guessing low once employers stop paying furloughed workers. And you predicted all this a month ago? Greg is driving the scary train. In a couple of months we'll all be breathing easier and and the Dow will be on the mend. I think he's on retainer from MSNBC, CNN, NBC, etc... I'm surprised he's not telling us to stock up on ammunition and canned goods. Hey, don't pick on Greg. I get a kick out of some of his philosophies and "preparations" for when the world ends. He may be the only one breathing easy in a month using his home-made oxygen delivery system using a homemade ventilator powered by his homemade propane conversion generator. :-) It was just a little innocenr fun. He's the happiest pessimist I know! I am OK. What the hell, John has calculations that say Covid will get me before the world collapses and I still have that LAD thing nobody seems to worry about. Statistically I will be dead in 6 years anyway. I just keep on keeping on. |
#57
posted to rec.boats
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Way to go Ford/GE
On 4/1/2020 5:13 PM, wrote:
On Wed, 1 Apr 2020 14:30:43 -0400, "Mr. Luddite" wrote: On 4/1/2020 1:01 PM, wrote: On Wed, 1 Apr 2020 07:38:29 -0400, "Mr. Luddite" wrote: On 4/1/2020 7:26 AM, John wrote: On Tue, 31 Mar 2020 23:47:11 -0400, wrote: On Tue, 31 Mar 2020 20:56:35 -0400, John wrote: And you predicted all this a month ago? I'm sorry. 2 weeks and 4 days ago On Thu, 12 Mar 2020 20:03:17 -0400, Alex wrote: Adorable Deplorable wrote: On Thu, 12 Mar 2020 12:46:28 -0400 (EDT), Justan Ohlphart wrote: Adorable Deplorable Wrote in message: On Thu, 12 Mar 2020 08:32:39 -0700 (PDT), Its Me wrote:On Thursday, March 12, 2020 at 11:18:01 AM UTC-4, John H wrote: ...that is the question! -- Freedom Isn't Free!Don't sell. Not unless you want to turn your short term losses into long term losses.The idea would be to get back in when, and if, things start improving. I'm not 'investor certified'though!--Freedom Isn't Free! A 50% loss would result in the need to make a 100% gain to break even, if you bought back the same stock at what you sold it for. If the stock declined another 50% you could buy twice the amount you sold but you'd still need a 100% gain to break even. If the stock rose 50% after you sold it would cost you 25% more to buy it back. If the stock regained its original value it would cost you twice as much as you sold it for, to buy it back. Numbers dont lie. I suppose that means to hang on to it? -- Freedom Isn't Free! And buy more! snip stock thing If they are really serious that we are going to hit stop on the economic engine until they declare the virus is contained, the economy might not start when we hit go. The debt bomb we are all dreading may have gone off by then and we will be in worse shape than 2008-9 with the central banks failing not just AIG and Lehman. I understand that is probably not going to happen but it isn't as unrealistic as some of the predictions I am hearing about this virus. Another dire prediction? When, and if, this is all over, you will undoubtedly win the prize for the most dire predictions! Greg, just a thought: China is America's biggest creditor by far. Is China going to call the note? And even if they did, what if the USA just said, "**** you"? Is China going to turn it over to a collection agency? :-) Actually China has backed away from US paper and they are not the biggest holder, Japan is. I think may have changed back to China again. it's neck and neck. Both were very close to each other last fall (August of 2019). Japan held 1.12 trillion China held 1.11 trillion source: https://www.scmp.com/business/companies/article/3023034/japan-overtakes-china-biggest-creditor-us-japans-june-treasuries According to this chart though, (fiscal 2018) China and Japan pale by comparison when one looks at the whole creditor list: #1 - US Individuals and Institutions at 38.8% #2 - US Social Security Trust Fund at 13% #3 - US Federal Reserve at 12.5% #4 - China and Hong Kong at 5.7% #5 - Japan at 5.4% #6 - US Civil Servant Retirement Fund at 4.3% #7 - US Military Retirement Fund at 3.5% #8 - Belgium, Ireland and Luxembourg at 3.2% #9 - Brazil at 1.5% #10 - United Kingdom at 1.3% #11 - All other Foreign Nations at 12% Link: https://blog.independent.org/2019/09/03/who-are-the-u-s-governments-biggest-creditors/ 2, 3, 6 & 7 is just a bookkeeping trick, the US government calling a debt an asset. When you owned your business, could you spend a million bucks, put an IOU in your safe for a million and tell the bank you had a million in reserves, then write more checks on it saying you were paying yourself an unrealistic interest? No, but I know someone who tried. :-) -- This email has been checked for viruses by AVG. https://www.avg.com |
#58
posted to rec.boats
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Way to go Ford/GE
On 4/1/20 4:53 PM, Mr. Luddite wrote:
That be all true but if there is anything to be learned from this covid-19 thing, we need to pay attention to the items we rely upon others to make and sell to us. Anything to do with national security should be made here with some licensing authority for other "friendly" nations or allies. Same with pharmaceuticals.Â* They need to be made here.Â* It friggin' amazes me that the VA buys most of it's medications from China. China and others can make television sets, cheap computers and cell phones if they want.Â* Some car parts also.Â* They are not a threat to national security. "National Security" is far from the only "issue" of importance. We spend at least a trillion dollars, including on budget and hidden budget items, on "National Security," and the amount we are spending is only going up. We spend multiples of any our possible military adversaries spend. Do you military acolytes really believe the Russians or the Chinese have their eyes on Topeka? I wonder how this "Golden Rebirth of U.S. Manufacturing" you advocate will come about, in the absence of serious governmental regulations, controls, and additional tariffs, and those will result in smaller markets for our products. Mind you, I'm all in favor of American workers being able to get and hold high-paying jobs with good benefits, but just how is it supposed to happen? Do you presume U.S. corporations will give up their enormous profits and exec benefits? |
#59
posted to rec.boats
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Way to go Ford/GE
On 4/1/2020 5:28 PM, wrote:
On Wed, 1 Apr 2020 11:48:28 -0700 (PDT), Its Me wrote: On Wednesday, April 1, 2020 at 7:43:02 AM UTC-4, Mr. Luddite wrote: On 4/1/2020 7:28 AM, John wrote: On Tue, 31 Mar 2020 21:00:41 -0700 (PDT), Its Me wrote: On Tuesday, March 31, 2020 at 8:56:37 PM UTC-4, John H wrote: On Tue, 31 Mar 2020 20:20:18 -0400, wrote: On Tue, 31 Mar 2020 17:49:04 -0400, John wrote: On Tue, 31 Mar 2020 17:26:38 -0400, wrote: On Tue, 31 Mar 2020 13:46:45 -0400, John wrote: On Tue, 31 Mar 2020 12:44:21 -0400, wrote: On Tue, 31 Mar 2020 11:36:04 -0400, "Mr. Luddite" wrote: While GM dragged their feet over contract issues, Ford in partnership with GE Health got to work making ventilators. Interesting concept. After consultation with GE and with consideration to the type of locations they will be used, they are going to focus on a simple, proven design that is air powered rather than by electricity. Reduces the complexity and permits the ventilator to be used with a tank of oxygen only. Ford engineers visited GE and worked out some manufacturing improvements that will allow GE to also ramp up production. Ford is setting up a manufacturing facility in Michigan and expects to produce 50,000 ventilators over the next 100 days. Ford executive says it's the perfect combination of company strengths and capabilities. GE has a proven ventilator design and Ford has the expertise in mass production. Ford also said production rates will go up as required. I think our biggest problem will be what to do with a half of a million ventilators in a year or so when this blows over. Maybe Oprah can give them away on her show. I bet there will be a glut of n-95 masks on the market too. That is a good thing tho. I was paying at least, a couple bucks each for them last year. Do you really think that will be our biggest problem? You sound much like Harry with that kind of crap. As Trump said, if we have extras, there are lots of countries in need. I am trying not to think about the global financial collapse. People have been telling me for a month that I was crazy even suggesting it. BTW when this is over, the excessive need will be gone. I think we are going to flood the world with this stuff once they get tooled up to make it and the government is printing money to get it out the door. Half a million ventilators will surely not cause a global financial collapse. Will there be a financial collapse? Maybe. If so, you can say you predicted it months ago. I don't remember you suggesting it, but if you say you did, and it happens, you deserve the credit for predicting it. I'm surprised Harry hasn't beat you to that prediction and blames it on Trump. I am not seeing anything that looks any other possibility. Whether it is an unrecoverable collapse is the only question. With no end in sight of keeping our foot on the throat on the western economy we have to consider the consequences. South Europe was dragging down the Euro in a food economy with Germany propping it up. The German finance minister just killed himself. You have to wonder what that was all about. I bet UK is happy they Brexited. The big winner here is going to be China. Whether they have actually controlled this virus or not, their official story is they are back open for business. The US, not so much and the predictions here are far fewer than half of small business is going to survive. Bigger companies are likely to be in trouble too if they can't make something the government is buying. Other than that, if you can't buy it in a grocery store, drug store or a liquor store, we are not buying it. The businesses are all closed. I still think real unemployment is about 30% and I may be guessing low once employers stop paying furloughed workers. And you predicted all this a month ago? Greg is driving the scary train. In a couple of months we'll all be breathing easier and and the Dow will be on the mend. I think he's on retainer from MSNBC, CNN, NBC, etc... I'm surprised he's not telling us to stock up on ammunition and canned goods. Hey, don't pick on Greg. I get a kick out of some of his philosophies and "preparations" for when the world ends. He may be the only one breathing easy in a month using his home-made oxygen delivery system using a homemade ventilator powered by his homemade propane conversion generator. :-) It was just a little innocenr fun. He's the happiest pessimist I know! I am OK. What the hell, John has calculations that say Covid will get me before the world collapses and I still have that LAD thing nobody seems to worry about. Statistically I will be dead in 6 years anyway. I just keep on keeping on. Hope you are grooming another generation of pessimists to carry on your work. :-) -- This email has been checked for viruses by AVG. https://www.avg.com |
#60
posted to rec.boats
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Way to go Ford/GE
On Wed, 01 Apr 2020 17:28:04 -0400, wrote:
On Wed, 1 Apr 2020 11:48:28 -0700 (PDT), Its Me wrote: On Wednesday, April 1, 2020 at 7:43:02 AM UTC-4, Mr. Luddite wrote: On 4/1/2020 7:28 AM, John wrote: On Tue, 31 Mar 2020 21:00:41 -0700 (PDT), Its Me wrote: On Tuesday, March 31, 2020 at 8:56:37 PM UTC-4, John H wrote: On Tue, 31 Mar 2020 20:20:18 -0400, wrote: On Tue, 31 Mar 2020 17:49:04 -0400, John wrote: On Tue, 31 Mar 2020 17:26:38 -0400, wrote: On Tue, 31 Mar 2020 13:46:45 -0400, John wrote: On Tue, 31 Mar 2020 12:44:21 -0400, wrote: On Tue, 31 Mar 2020 11:36:04 -0400, "Mr. Luddite" wrote: While GM dragged their feet over contract issues, Ford in partnership with GE Health got to work making ventilators. Interesting concept. After consultation with GE and with consideration to the type of locations they will be used, they are going to focus on a simple, proven design that is air powered rather than by electricity. Reduces the complexity and permits the ventilator to be used with a tank of oxygen only. Ford engineers visited GE and worked out some manufacturing improvements that will allow GE to also ramp up production. Ford is setting up a manufacturing facility in Michigan and expects to produce 50,000 ventilators over the next 100 days. Ford executive says it's the perfect combination of company strengths and capabilities. GE has a proven ventilator design and Ford has the expertise in mass production. Ford also said production rates will go up as required. I think our biggest problem will be what to do with a half of a million ventilators in a year or so when this blows over. Maybe Oprah can give them away on her show. I bet there will be a glut of n-95 masks on the market too. That is a good thing tho. I was paying at least, a couple bucks each for them last year. Do you really think that will be our biggest problem? You sound much like Harry with that kind of crap. As Trump said, if we have extras, there are lots of countries in need. I am trying not to think about the global financial collapse. People have been telling me for a month that I was crazy even suggesting it. BTW when this is over, the excessive need will be gone. I think we are going to flood the world with this stuff once they get tooled up to make it and the government is printing money to get it out the door. Half a million ventilators will surely not cause a global financial collapse. Will there be a financial collapse? Maybe. If so, you can say you predicted it months ago. I don't remember you suggesting it, but if you say you did, and it happens, you deserve the credit for predicting it. I'm surprised Harry hasn't beat you to that prediction and blames it on Trump. I am not seeing anything that looks any other possibility. Whether it is an unrecoverable collapse is the only question. With no end in sight of keeping our foot on the throat on the western economy we have to consider the consequences. South Europe was dragging down the Euro in a food economy with Germany propping it up. The German finance minister just killed himself. You have to wonder what that was all about. I bet UK is happy they Brexited. The big winner here is going to be China. Whether they have actually controlled this virus or not, their official story is they are back open for business. The US, not so much and the predictions here are far fewer than half of small business is going to survive. Bigger companies are likely to be in trouble too if they can't make something the government is buying. Other than that, if you can't buy it in a grocery store, drug store or a liquor store, we are not buying it. The businesses are all closed. I still think real unemployment is about 30% and I may be guessing low once employers stop paying furloughed workers. And you predicted all this a month ago? Greg is driving the scary train. In a couple of months we'll all be breathing easier and and the Dow will be on the mend. I think he's on retainer from MSNBC, CNN, NBC, etc... I'm surprised he's not telling us to stock up on ammunition and canned goods. Hey, don't pick on Greg. I get a kick out of some of his philosophies and "preparations" for when the world ends. He may be the only one breathing easy in a month using his home-made oxygen delivery system using a homemade ventilator powered by his homemade propane conversion generator. :-) It was just a little innocenr fun. He's the happiest pessimist I know! I am OK. What the hell, John has calculations that say Covid will get me before the world collapses and I still have that LAD thing nobody seems to worry about. Statistically I will be dead in 6 years anyway. I just keep on keeping on. No, you won't be dead. Your pessimism will keep you alive to bitch about things! -- Freedom Isn't Free! |
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