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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: elmatador who wrote (4909)3/22/2020 2:03:10 PM
From: Joseph Silent  Read Replies (1) of 13801
 
People who work on algorithms for

"hard" problems have always understood scale. You can handle a computational problem in 1 hour or 1 day or 1 week and may consider those times reasonable in our life span. But we don't want to contemplate using those same algorithms on a larger version of a "hard" problem because it may require 10 years, or 100 years ..... and that makes no sense in our life span.

So, when you look at 2 beds or 200 beds or 2000 beds or 20000 beds per 10 million or 100 million ..... you already know that these numbers only make sense if you keep the sick count below a critical threshold. Above it and you are on life-support. Only clever leaders, anticipation and planning can keep you far from that point.

Hugging flags is not a solution to this problem. In fact it's not a solution to any kind of problem I know.

So, when you are given all the resources in the world, and all the time in the world, it helps to identify the top five problems that can cut you off at the knees and address them. One of these would be a pandemic.

Instead we went into tariffs and trade. Year after year of fluff and bluff and bluster. At what cost? For what profit? It seems to me that approach takes last year's issue and turns it into a problem. Instead we should have been taking next year's problem an turning it into an issue.

A problem, like the prevention of a pandemic, is one you work to solve. You do this when you have plenty of time.

An issue, like trade, is something you work out collectively while solving a real problem.
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