throwaway8291

My brief analysis tells me that there will be some grinding down in Q2 with a negative peak in Q3. While the virus seems to be "managed", the consequences of millions of people dropping out of the workforce in the first world is not that pronounced. We will see bank failures and maybe dozens of cascades, all leading to the point where someone has to stand up and swallow it.

Solid states go into deep debt today, previously failed states will chew on it for the decade to come.

I looked at the data flow paradigm a couple of years ago. Back then I thought that the difference to just a "ordinary" functions is not that big, and for performance (which is important for my data work), you do not want to deviate from the traditional way too much.

Anyone felt the same or can provide a real-world problem, where data flow is actually working better that other solutions?

Thanks SAP for letting me feel like it's 2010, when everyone fell in love with REST (again).

I've used Eclipse on and off and always found it to be a bit clunky. Unhelpful error messages coming from the fifty layers of abstraction you did not know about before.

Back in the days, I always preferred netbeans - it was just more of a product, less of an exercise in object-oriented abstractionism.

Today, I am a happy user of vim (and vscode, if I need to) - I left behind the heaps of design patterns, thankfully. What this feels like to me is a trying to jump on a train, that's long gone.

It's an artificial scarcity, though. We have the most productive technologies ever - we are just not very good to put a better part of them flow towards common good.

The amount of senseless applications and waste is staggering.

I understand that it's a very broad spectrum.

However, what I am observing is that 'capital' gets its hand in any aspect of life, the formerly family owned coffee machine maker, lingerie producer and the outdoor specialist went through couple of private equity hands - for what? For injecting capital to trim down ops, expand, then get out of a position?

After watching hundreds of hours of investing conference videos and interviews there is one thing, that really got me: why is this field so sad? I believe it's because all they ever talk about what they "own". The cannot make, invent, heal, fight, cook, write, harvest or any other human activity - all they do is "own" something that is valuable to others.

Imagine kids playing in the playground and all the talk about is what each of them owns. They cannot read, write, play an instrument, tell jokes, do tricks, etc. - no, but they control those who can and are productive.

I am not sure why, but I'd rather have a kid with talents than one with lots of "assets" (even though in this world talent does not matter, if you've got the assets).

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Warren Buffet was once asked by the audience, what you should do, if you have artistic talents and want to live them out, but you do not want to starve? He did not really care, understandably.

Why pretend and cloud the idea, that the main reason a person has a "job" today is to accumulate capital for capital.

As long as this notion persists (which will be for many more decades I fear) power inequalities will just mean that some will suffer more (those who do not have resources in the first place).

Hey, you know, I am really sorry, but thanks for all the capital you helped us to accumulate - which we own and not you. Bye!

I imagine the most profound societal change will come from getting rid of this notion and the resulting reduction in power asymmetries.

No, not stupid. It's one scenario, but the time span is absent: do we reach 0.7 in three years or three months? At the current rate probably the latter, which might increase the 0.01 as well, because of a certain overwhelming of the health care system in the US (e.g. a young boy in California has not been treated because he could not pay, so he died).

Nobody knows what is coming, but I'm in the 1M+ camp as well. US is so ill-equipped plus administration is very aware, how devastating the economic consequences are even now (2T stimulus and infinite FED liquidity are already in effect today). Let this spread for two more weeks and the administration might loose their countenance and will declare: "we cannot save both the infected and our country, so we will save our country".

At current pace the whole US will be infected by May (I wonder, whether the market have priced that in already).

I hope for the best.

How true. I believe the US will see an even worse fallout than Italy - because people who can afford private medical personal tend to question whether healthcare is a business model at all ("Is curing patients a sustainable business model?", GS).

America has the most uplifting and free-spirited legacy, but it has been transformed in the past decades into the most primitive form of greed and selfishness possible. Covid-19 is only the eye-opener.

FTR: I believe the US will lose 5% of its population to the coronavirus in 2020. Not being panicky, just multiplying.