America should be ready for 18 months of shutdowns in 'long, hard road' ahead, warns the Fed's Neel

[saidsimplesimon]

https://www.marketwatch.com/story/america-should-be-ready-for-18-months-of-shutdowns-in-long-hard-road-ahead-warns-the-feds-neel-kashkari-2020-04-12?mod=home-page

America should be ready for 18 months of shutdowns in ‘long, hard road’ ahead, warns the Fed’s Neel Kashkari

Published: April 12, 2020 at 4:06 p.m. ET
By Shawn Langlois

‘This could be a long, hard road that we have ahead of us until we get to either an effective therapy or a vaccine. It’s hard for me to see a V-shaped recovery under that scenario.’

That’s Neel Kashkari, the head of the Federal Reserve Bank of Minneapolis, painting a rather gloomy picture in a CBS interview on Sunday morning of what lies ahead for the U.S. economy as the country continues to battle the coronavirus pandemic.

Kashkari, while acknowledging the downside of what a prolonged shutdown could mean for the economy, said the U.S., “barring some health-care miracle,” is looking at an 18-month strategy of rolling shutdowns based on what has happened in other countries.

“We could have these waves of flare-ups, controls, flare-ups and controls, until we actually get a therapy or a vaccine,” he said. “We need to find ways of getting the people who are healthy, who are at lower risk, back to work and then providing the assistance to those who are most at risk, who are going to need to be quarantined or isolated for the foreseeable future.”
…snip

[Newest Reality]

1. From what I have read...

From what I have read so far about potential scenarios for this, I have to agree with that assessment.

We have to deal with that in a realistic and calm fashion as it unfolds, especially when we wish and hope that there will be a quick recovery from the crisis. There is denial and there is preparation. Denial makes it seem better until it's not. Preparation requires looking at things as they are now and then trying to adjust to a sense of how difficult this may be for a longer time than expected.

[saidsimplesimon]

2. keeping with my screen name, "prepare for the worst and

expect the best" Great advise, thank you

[Newest Reality]

3. Yes...

Some of those old sayings still ring true. You bet!

Appreciated.

[Watchfoxheadexplodes]

4. About 8 governors look to be ready to open

"parts"

I still think just talking about reopen is premature.

[SWBTATTReg]

5. This is by far the more realistic scenario that should be told to Americans. Plain and simple,

and not riddled w/ lies and falsehoods, and so called promises (where are the tests) that aren't kept or should never have been made.

All of these bad things going on in our country can be laid at DJT's and the republican Senate's doorsteps, if one wants truth.

The news cycles will constantly pound in the fact that this administration overlooked things going on towards the end of last year (2019) when the CV was raging in China.

Rump even fired our expert(s) on site there in China too, thus handicapping efforts to catch this early (the CV).

Rump even tried to reduce the CDC's budget not once, but twice. Congress, thank god, didn't listen to him.

Rump called this a hoax. Can't make this crap up, eh? And guess where the republican controlled Senate was? I don't know, I was asking if anyone knew what the hell were they doing, just sitting there and doing nothing? Obviously, because nothing did get done until the crap hit.

[forthemiddle]

6. Can Biden be elected

With the Campaign promise of “Vote for me, I’m keeping the Country closed for one more year”

I am not saying that’s not the correct course of action, or even the reality, just that it will be a sharp contrast.