Voluntary lock downs won't flatten the curve and the lesson the demand for respirators. What will the shortage of respirators do to those outside the groups of the aged and those with underlying conditions? Will this be a world where asthma is a death sentence and my wife's damaged immune system also. Docs will be having to make impossible decisions. How did we get here? Deforestation is one suspect to the rise in Covid viruses and yes, I'll say it, climate change too. This
quotes Scientific American regarding the release of viruses cause by bats disturbed by deforestation. Perhaps Darwinism is the natural cure for not believing in science or unwillingness to shelter in place, unfortunately many innocents would be lost also. Good luck to all and please be mindful.
Original Message:
Sent: 04-02-2020 16:15
From: Peter Wolf
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
I think the key is to hope for the best but plan for the worst.
Right now, we've seen many around the world and even here in the US, there's been a lot of hope for the best.
I stand by my assessment. The only way forward is to assume this is here for the next twelve to eighteen months and solve for that.
Let's stop pretending it's gone in a few weeks because our actions will / should be a lot different if it's here for twelve to eighteen more months. We can take more of a measured approach to ramping up containment protocols, manufacturing and securing equipment and tests, creating healthcare strategies (like Doug suggested with routing but other things as well), and planning for a post-Phase I release of people back into the work environment.
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Peter Wolf
Azamba Consulting Group
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Original Message:
Sent: 04-02-2020 15:53
From: Doug Higgs
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
Maybe someone in metro NYC cannot be re-routed easily to a hospital with more capacity, because it may be too late for NYC. However, this may be possible, indeed necessary, in other areas of NY and the rest of the US. It's not about just managing hospital resources but statewide and nationwide people, production, inventory and asset management. As Mark mentioned, a massive MRP issue including HCM, supply chain, fixed assets, and capacity planning. Too bad there wasn't some more foresight (understatement of the century).
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Doug Higgs
Midwest Commerce Solutions, Inc
(312) 315-0960
Assistant to the Traveling Secretary
Original Message:
Sent: 04-02-2020 14:56
From: Peter Wolf
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
I know that is somewhat tongue in cheek but do we really think someone in metro NYC can be re-routed easily to a better hospital that isn't far away?
My guess is that some of the overflow issues in surrounding states are because the smarter / wealthier folks are already going to neighboring hospitals.
Chicago is setting up a unique model to allow for non-COVID patients to get treatment at different locations. I believe NYC is also doing this with the new medical ship.
It's happening. Also need to reduce number of cases too.
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Peter Wolf
Azamba Consulting Group
Original Message:
Sent: 04-02-2020 14:45
From: Doug Higgs
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
Maybe we need a production manager to allocate sick people to hospitals with available space.
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Doug Higgs
Midwest Commerce Solutions, Inc
(312) 315-0960
Assistant to the Traveling Secretary
Original Message:
Sent: 04-02-2020 14:37
From: Peter Wolf
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
Yes - 2008 will seem like a joke. If this isn't managed carefully, we will see a worldwide Depression. It's possible there is nothing we can do to prevent it because even if the USA smooths over the hit to the economy, most businesses have worldwide customer bases and supply chains. We will be impacted by other countries too.
The focus on the numbers and fatality percents are pointless because the data is a moving target and depends on standardized reporting protocol and sufficient testing. From a worldwide perspective, there is no standardization and insufficient testing.
That's why the real indicators needs to be "how bad are the hospitals doing right now?"
Even that is completely regional-based. Some people drive by their hospital and say "this whole thing is a freaking joke about nothing" and others see a warzone with semis being used to store dead bodies because morgues are overflowing.
We can cross our fingers and hope that once this first wave is done, we are in the clear. I don't see any evidence that won't be the case. But I also don't see evidence it will be the case. COVID-19 has already mutated and there are reports of at least seven strains in the wild. What that means is we could cure a strain to see it mutate where the cure doesn't treat it any longer.
There is any easy solution to all this but it exposes the fact that money is an arbitrary designation.
Until that happens, the longer people keep saying "oh, it's only two more weeks" and setting false hopes, the longer this will last and cause frustration.
Maybe this isn't a marathon but it's not a sprint either. We - and our governments around the world - should be looking at this as a 12 - 18 month long pandemic. Solve for that. Stop wasting time and energy trying to solve for "how fast can we get people back to work?" because that problem will make worse long-term problems.
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Peter Wolf
Azamba Consulting Group
Original Message:
Sent: 04-02-2020 12:17
From: Mark Chinsky
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
2008 is childs play if companies can't get back on line by early may
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Mark Chinsky
Clients First Business Solutions
Original Message:
Sent: 04-02-2020 12:14
From: Jerry Norman
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
Peter is right. When testing becomes widespread we can start opening things up a bit. At the rate I see things going, this is likely end of May.
Even then the deaths will continue. The official estimate of 160k+/- will be spread out over many months, but 1/4 to 1/2 of them will happen in the next 2 months. We have 10mm now on unemployment, and there is no data-driven reason to think it will stop at 20mm.
The secondary effects of this will be a major disruption for months; a corporate debt bubble has developed over the past couple years, and losing all this income will put those loans at risk We all hope it doesn't result in a replay of the 2008 debt-crash. Other countries around the world are in worse shape, and IMF is now saying we have a significant risk of a major worldwide recession as a result. There won't be a magical "v" recovery starting in June.
I'm usually a glass-half-full guy. But this looks grim all the way around.
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Jerry Norman
VP, 90 Minds
Smartbridge Partners
512.419.1444 x112
Original Message:
Sent: 04-02-2020 11:51
From: Peter Wolf
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
First off, I'm not sure where you are getting your data sets. " Of those that test positive about .5% will die." is not accurate. In Italy, we are seeing 10% of people tested dying. Overall, the fatalities to tested is hovering around 5%, not .5%.
Either way, the data is incomplete and sketchy so we won't know true numbers for awhile.
Putting that aside, this isn't just a matter of which % of coronavirus infected people die off - whether they are old or sick already and I guess in some people's minds, disposable because of that - the hospitals will be clogged with caring for those people.
Healthcare workers WILL get the virus. A percent of those people WILL die. They already are.
People needing routine treatment will be denied. Cancer treatments, dialysis, broken bones, flu, etc. A decent percent of those people WILL die. People without COVID-19 in heavy zones are already dying with otherwise treatable symptoms.
There is a balance here. It's to be found by:
1. Contain and control the current infection and enforce stay-at-home until this is under control.
2. Develop faster testing protocol and the procedure to track back new infections.
3. Remove stay-at-home for certain sectors and use the procedures from 2 above to immediately squash new infections.
4. Wait for a vaccine.
That's the only way to move forward. Any other model results in losing 1 - 5% of the country's population. That's going to impact the economy too with a heavy psychological cost.
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Peter Wolf
Azamba Consulting Group
Original Message:
Sent: 04-02-2020 11:19
From: Mark Chinsky
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
Nothings going to happen until the mandated shutdowns end. There will be no (non critical) warehouses open and no retailers selling anything and online only does so much.
Plus with such uncertainty and skyrocketing unemployment, consumers and businesses will be in a cash preservation mode so they will only be buying essential goods.
Even if you are lucky enough to have a secure job through this, you'll likely hold off on non-essential purchases and places where you would have spent the money (restaurants, bars, car dealerships etc) are all shut down.
I've been saying from day one, the 'cure' can't be worse than the disease.
Currently my back of the napkin math says there are about 30 people now unemployed (and probably 15 more with big pay cuts) for every person who has tested positive. Of those that test positive, about 15% need the hospital. Of those that test positive about .5% will die. Of those that die, based on Italy's data, 99% have underlying conditions and/or are old. Meaning, coldly, they wouldn't have that many more years left even if the virus didn't hit.
So at some point, someone, (who will be called the heartless devil) is going to have to make a tough call and determine what a year of life is actually worth. Because if it were worth 'infinite' money, we w0uld already have banned cars, alcohol, built a wall on our southern border to stop the 60k/drug deaths per year, planes, trains, and virtually any other activity that could get you killed.
But we don't, as a free society has risks, some of us will die, most of us live vastly longer than if we didn't have a free society with technological improvements.
What % unemployment is 'ok' to combat this virus because as we 'social distance', 2/3 of the world's population is NOT. Somewhere there are people fighting wars who are not 'social distancing' as they kill each other and this virus, is out and is unlikely to be irradicated to 'zero' since a huge percentage of people who have it don't even know it and show no symptoms. And as we've seen, it only takes one person to 'change the world' by eating and undercooked bat...
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Mark Chinsky
Clients First Business Solutions
Original Message:
Sent: 03-31-2020 08:35
From: Doug Higgs
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
It seems China is ramping up production. If China starts manufacturing many US companies will be able to fill orders again, helping profitability and re-calling laid off workers.
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Doug Higgs
Midwest Commerce Solutions, Inc
(312) 315-0960
Assistant to the Traveling Secretary
Original Message:
Sent: 03-31-2020 07:00
From: Wayne Schulz
Subject: Are we about to enter the biggest slowdown any of us may ever have seen?
I received an email from my state CPA society they are furloughing employees.
Multiply this by all similar orgs who rely on life events.
We are in for a lengthy 2020.
PS - except for extreme cases - companies are going to furlough consultant spending before they furlough employees.
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Wayne Schulz - Schulz Consulting - 860-516-8990