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Quixote1818

(28,903 posts)
Tue Jun 30, 2020, 01:15 PM Jun 2020

A National Mask Mandate Could Save The U.S. Economy $1 Trillion, Goldman Sachs Says

Wall Street seems to be getting fed up and nervous about the shitty leadership. They may start telling Republicans to step in line on masks since Trump encourages just the opposit.



Sarah Hansen Forbes Staff
Markets
I cover breaking news.

TOPLINE As mask-wearing becomes a political flashpoint—despite coronavirus cases spiking to record levels across the country—new research from Goldman Sachs suggests a national mask mandate would slow the growth rate of new coronavirus infections and prevent a 5% GDP loss caused by additional lockdown measures.

KEY FACTS
Goldman’s analysts found that wearing face coverings has a significant impact on coronavirus outcomes, and they suggest that a federal mask mandate would “meaningfully” increase mask usage across the country, especially in states like Florida and Texas, where masks are not currently required.

The researchers estimate that a national mandate would increase the portion of people who wearing masks by 15%, and cut the daily growth of new cases by between 0.6% and 1%.

Reducing the spread of the virus through mask-wearing, the analysts found, could be a substitute for strict lockdown measures that would otherwise shave 5%—or $1 trillion—off the U.S. GDP.

CRUCIAL QUOTE
“If a face mask mandate meaningfully lowers coronavirus infections, it could be valuable not only from a public health perspective but also from an economic perspective because it could substitute for renewed lockdowns that would otherwise hit GDP,” the researchers wrote.

More: https://www.forbes.com/sites/sarahhansen/2020/06/30/a-national-mask-mandate-could-save-the-us-economy-1-trillion-goldman-sachs-says/?fbclid=IwAR3QV82dwSYpZ3gTcwvOA9xpccz-Bh3cDS_K0ccRBwtTPGx7UkTGuPMoXIo#1f76ca5656f1

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A National Mask Mandate Could Save The U.S. Economy $1 Trillion, Goldman Sachs Says (Original Post) Quixote1818 Jun 2020 OP
your $ dweller Jun 2020 #1
Point of the OP is 'save your dollars AND your life'. . . . nt Bernardo de La Paz Jun 2020 #4
Biden is tearing the Con a new one malaise Jun 2020 #2
Imagine the effect if we'd had such a policy in place by the beginning of March Hermit-The-Prog Jun 2020 #3
Trim your links. Cut out the tracking crap Bernardo de La Paz Jun 2020 #5
One of these is different Bernardo de La Paz Jun 2020 #6
Since it's from Goldman Sachs, will Republicans... Buckeye_Democrat Jun 2020 #7
Masks help people stay healthy AND allows Goldman to make money? tinrobot Jun 2020 #8
Yes. It's the vain moron in the WH who made it political. Buckeye_Democrat Jun 2020 #9

Hermit-The-Prog

(33,033 posts)
3. Imagine the effect if we'd had such a policy in place by the beginning of March
Tue Jun 30, 2020, 01:21 PM
Jun 2020

We would be feeling almost normal by now and over 100,000 lives would have been saved.

Anti-science selfishness is not a good way to combat a communicable disease.

Buckeye_Democrat

(14,846 posts)
7. Since it's from Goldman Sachs, will Republicans...
Tue Jun 30, 2020, 03:21 PM
Jun 2020

... FINALLY heed that advice?!

You know, because money managers are so much smarter than scientists and medical professionals?

tinrobot

(10,848 posts)
8. Masks help people stay healthy AND allows Goldman to make money?
Tue Jun 30, 2020, 03:27 PM
Jun 2020

I guess that is about as American as it gets.

I mean seriously, Goldman isn't some liberal think tank. If they're calling for it, then it is not a partisan issue.

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