COVID-19 — Coronavirus

Status
Not open for further replies.
Stop towing this rhetoric. There's nothing rushed about it. The clinical trial was conducted in exactly the same fashion it would have without a global pandemic, bar the overlapping of phases which was done to speed up the conventional approach - an approach established under ordinary conditions in which you have to secure funding for the approx $10-15B process of bringing a drug to market. Pharma companies are some of the richest in the world in terms of cash flow and even they wouldn't put that much up in little under a year.

The phase 2/3 trials typically aim to establish efficacy more so than safety. These things are to be expected.

I know we all want 100 efficacy with zero side effects and instantaneous results but it's a pipe dream. No drug in the world has ever achieved it.
Hence the warnings that come with most prescribed medications, no grapefruit with my simvastatin as a minor example. Your posts are succinct, accurate and comforting, appreciated, conspiracy theorists please take note.
 
So the economy grew, albeit by a marginal 0.4%, in October. This contracts with widespread media predictions of October being the start of a double dip. Overall, GDP is down by 8% since the start of lockdown and the FTSE 100 share index was down by a similar percentage over the same period. (Albeit the FTSE 100 is heavily influenced by international business).

I am glad to see that there is some economic resilience amongst all the doom and gloom. Of course, many people are having a grim time but things were looking a lot worse a couple of moths ago and now we have a vaccine(s) to help, going forward.
 
Last edited:
So the economy grew, albeit by a marginal 0.4%, in October. This contracts with widespread media predictions of October being the start of a double dip. Overall, GDP is down by a tenth since the start of lockdown and the FTSE 100 share index was down by a similar percentage over the same period. (Albeit the FTSE 100 is heavily influenced by international business).

I am glad to see that there is some economic resilience amongst all the doom and gloom. Of course, many people are having a grim time but things were looking a lot worse a couple of moths ago and now we have a vaccine(s) to help, going forward.

On this one page alone, I can see two instances where the media have blown things out of proportion causing panic 1)- allergic reactions to vaccine 2) - over egging the impact of the economy.

The media has a lot to answer for in relation to their hysteria during the pandemic.
 
So the economy grew, albeit by a marginal 0.4%, in October. This contracts with widespread media predictions of October being the start of a double dip. Overall, GDP is down by a tenth since the start of lockdown and the FTSE 100 share index was down by a similar percentage over the same period. (Albeit the FTSE 100 is heavily influenced by international business).

I am glad to see that there is some economic resilience amongst all the doom and gloom. Of course, many people are having a grim time but things were looking a lot worse a couple of moths ago and now we have a vaccine(s) to help, going forward.

I was reading that £100 billion in total has been stashed away in our savings for the entire country and it’s at record levels. If you think about not having to commute to work, not being able to go on holiday, not even being able to go out to the pub etc there is a lot of money burning holes in peoples bank accounts. If restrictions are lifted into the spring we could see a return on consumer spending and a bounce back in the economy.
 
On this one page alone, I can see two instances where the media have blown things out of proportion causing panic 1)- allergic reactions to vaccine 2) - over egging the impact of the economy.

The media has a lot to answer for in relation to their hysteria during the pandemic.
Yes mate, allergic reactions to medication aren’t anything new. About a decade ago I had a reaction to antibiotics. It only looked like I had chicken pocks. I know the two NHS workers had more of a reaction to the Pfizer vaccine but that’s 2 out of 5,000 people who are both on the mend.

The economic impact of Covid 19 is partly Macro (beyond individuals / local communities control) but as I’ve said on here before, loads of peolple are doing house and garden improvements that are helping trades people and garden centres etc. The majority of our economy is SMEs and if people support these businesses we will bounce back.
 
I was reading that £100 billion in total has been stashed away in our savings for the entire country and it’s at record levels. If you think about not having to commute to work, not being able to go on holiday, not even being able to go out to the pub etc there is a lot of money burning holes in peoples bank accounts. If restrictions are lifted into the spring we could see a return on consumer spending and a bounce back in the economy.

Incredible amount, isn't it? Not so sure how big the bounce back will be. Some of those savings will be used to cover loss of earnings plus some people will be nervy so will want some reserves.

We will end up with some bounce back but let's not forget the economy was not in great health prior to the pandemic.
 
Incredible amount, isn't it? Not so sure how big the bounce back will be. Some of those savings will be used to cover loss of earnings plus some people will be nervy so will want some reserves.

We will end up with some bounce back but let's not forget the economy was not in great health prior to the pandemic.

Think the only time we’ve had anything near that amount was in the early 90s, then everyone went out buying conservatories. I’m in the boat of being scared to spend till we see in end in sight, there will be a bounce when we get our freedom back. It’s going to be a long road to get back to where we were this time last year as an economy.
 
I was reading that £100 billion in total has been stashed away in our savings for the entire country and it’s at record levels. If you think about not having to commute to work, not being able to go on holiday, not even being able to go out to the pub etc there is a lot of money burning holes in peoples bank accounts. If restrictions are lifted into the spring we could see a return on consumer spending and a bounce back in the economy.

for those above reasons, pretty much everyone I know is better off financially
 
If they have been able to work that is? Many people in certain sectors have lost their income completely or had it vastly reduced.

i'd say 90% that i know off, their jobs haven't been affected - and they have saved hundreds/thousands on travel, not going out, not having holidays etc

few people i know have been hit hard, being put on furlough and losing jobs, mainly in entertainment industry. My brother especially, was a high flying photographer for some big clubs in London, and does weddings etc.
He's now a Amazon delivery driver.
 
Last edited:
I was reading that £100 billion in total has been stashed away in our savings for the entire country and it’s at record levels. If you think about not having to commute to work, not being able to go on holiday, not even being able to go out to the pub etc there is a lot of money burning holes in peoples bank accounts. If restrictions are lifted into the spring we could see a return on consumer spending and a bounce back in the economy.
Agreed mate. I think people will spend plenty this Christmas too (online).

I even think it was an ideal time to have a break from going to the match the dippers winning the League and VAR removing some of the joy. Hopefully, we will get back fo a full ground for the start of next season with a lot of people’s enthusiasm refreshed (albeit we’re lumbered with VAR).

A minority of people will be struggling.!It’s a shame more couldn’t be done for the up ton 3 million who haven’t had any help from the Government (including myself lol) but more people will get back on their feet as the economy picks up.
 
Incredible amount, isn't it? Not so sure how big the bounce back will be. Some of those savings will be used to cover loss of earnings plus some people will be nervy so will want some reserves.

We will end up with some bounce back but let's not forget the economy was not in great health prior to the pandemic.
We were needing to become more self-sufficient post Brexit anyway (making / growing more of our own). Changes on the high street will be fast forwarded by the impact of the Covid too. Things won’t be just like they were before but most of the economy will bounce back and some sectors will grow as others find it tough to recover. The much bigger focus on science could provide new opportunities.
 
I was reading that £100 billion in total has been stashed away in our savings for the entire country and it’s at record levels. If you think about not having to commute to work, not being able to go on holiday, not even being able to go out to the pub etc there is a lot of money burning holes in peoples bank accounts. If restrictions are lifted into the spring we could see a return on consumer spending and a bounce back in the economy.
I know I am!
 
Think the only time we’ve had anything near that amount was in the early 90s, then everyone went out buying conservatories. I’m in the boat of being scared to spend till we see in end in sight, there will be a bounce when we get our freedom back. It’s going to be a long road to get back to where we were this time last year as an economy.

Haha conservatories? Really? We were not meant to live in greenhouses :)

We have saved a lot with no football (missus would go home and most away to watch Spurs), no travel to work, no work lunches, we cancelled two holidays etc.. Like you, I am a bit nervy about spending it all. I have dipped into it with some home improvements but that is about it.
 
6 out of thousands. 2 of whom already had severe allergies and 4 who suffered an illness we don't know the cause of. Not overly concerning

The concerning thing is it was administered to the 2 with severe allergies in the first place no? And, as everyone here has done their research, what level of investigations have gone into predicting how this vaccine will react / cause a reaction to other medications people are taking? Seems there is an element of learning on the job.
 
Haha conservatories? Really? We were not meant to live in greenhouses :)

We have saved a lot with no football (missus would go home and most away to watch Spurs), no travel to work, no work lunches, we cancelled two holidays etc.. Like you, I am a bit nervy about spending it all. I have dipped into it with some home improvements but that is about it.

Probably why there are a lot of dilapidated leaky conservatories attached to peoples houses that need knocking down now. The salesman must have made some commission back in that in the early 90s.

Since this second lockdown when I go out running I’m noticing a lot more carpet fitters, painter and decorators and skips outside peoples houses where people are spending money on improvements. I know a guy who fits carpets and he’s never been busier, people looked at improving the garden in the summer are now looking at their front rooms. Good for the trades people and hopefully keeps some cash circulating in the economy.
 
Status
Not open for further replies.

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top