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DOW falls 1100 points

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On 07/04/2018 at 5:39 AM, GregBowman said:

Very traditional doctor view which of course I respect. As always it is more complex and AI and robotics ( in a software sense ) have a massive role to play 

With minor trauma and easy presenting symptoms say gout - it doesn’t take much to imagine to envisage an automated triage service where you are scanned, blood tested and or x rated and initial diagnosis is made anything out of tight norms is referred otherwise protocol and prescription generated and  on your way 

‘When you go to the doctor complaining of back pain from work or hallucinations caused by the stress of a relative dying or that you need counselling and guidance after being given a diagnosis that is completely different from your neighbour saying the same things’

Is that a doctors role ? In my personal experience doctors because of the requirement to pass academic exams relentlessly aren’t always the most suited to this as high IQ lowish EQ people with a large minority of exceptions  ( in general you don’t find people in life high on both  scales tend to be charismatic leaders )

However complex diagnosis and AI ten years away from being useful here but not much more 

As for something being ‘tested’ seems doomed to failure because by definition implemented by the medical profession - turkeys christmas and all that. I remember a documentary where the boss of TNT was asked to design a service delivery system for the NHS. Perfectly logical suggestion was hub super hospitals specialising in narrow areas - heart surgery, cancers but split into areas blood, prostate bowel, spinal injuries  etc - so expertise just got deeper better and acted faster with far superior outcomes. Surrounded everywhere by the spokes standardised centrally organised feeder units - GP units but all working to the same SLA’s and standards. Compare that to the mess we have now. Most people especially technicians ( of which doctors are a category like accountants, engineers, architects etc) are hopeless at running service businesses whilst being expert as individuals in the delivery of that service.

Long and short was he looked at the camera and said something like ‘but of course will never happen because no one would allow it , the doctors, the public and hence the government look at the fuss made when the NHS tries to close a poorly performing local little cottage hospital ‘

 

Thanks for the considered reply. 

 

Yes guiding patients and families through the test results and implications of their diagnoses is the main component of being a doctor - the actual treatments are far less effective than you would imagine in most cases, and of course, we  were still around and will still be around when before those treatments existed and long after they have gone. I agree that doctors sometime don't have the highest levels of emotional intelligence but, as you say, the technical demands of the job make it difficult to find candidates who excel at everything. Consequently the medical schools spend a lot of resource on communication skills. 

 

The TNT guy also misunderstands the nature of medicine. Of course, in general, a certain critical mass of expertise need to be developed before results improve however, with the advent of technology that is now less necessary and returns quickly diminish when transport times are increased. For example, if you child develops psychosis, the outcomes going to a "super centre" are unlikely to outweigh the hazards of moving the child two hundred miles from a supportive family, which is what happens now.

 

The worst performing hospitals are ironically often the larger inner city teaching centres which are impersonal and run by protocol.  

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23 minutes ago, TonyJ said:

According to Zero Hedge, China has stopped buying US Treasuries, which is its half-nuclear option. If it announces it officially, it should crash the DOW and push up Treasury yields, hopefully followed by US interest rates.

https://www.zerohedge.com/news/2018-04-09/we-understand-chinese-government-has-halted-purchases-us-treasuries-sgh

DOW today at 24,168 seems to be hovering close to it's 200 day moving average of 23,108.

If and when it crosses that line then things could get very interesting.

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32 minutes ago, TonyJ said:

According to Zero Hedge, China has stopped buying US Treasuries, which is its half-nuclear option. If it announces it officially, it should crash the DOW and push up Treasury yields, hopefully followed by US interest rates.

https://www.zerohedge.com/news/2018-04-09/we-understand-chinese-government-has-halted-purchases-us-treasuries-sgh

I'm nursing a

two-semi-detached-houses-picture-id17061

 

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9 hours ago, ThePrufeshanul said:

Thanks for the considered reply. 

 

Yes guiding patients and families through the test results and implications of their diagnoses is the main component of being a doctor - the actual treatments are far less effective than you would imagine in most cases, and of course, we  were still around and will still be around when before those treatments existed and long after they have gone. I agree that doctors sometime don't have the highest levels of emotional intelligence but, as you say, the technical demands of the job make it difficult to find candidates who excel at everything. Consequently the medical schools spend a lot of resource on communication skills. 

 

The TNT guy also misunderstands the nature of medicine. Of course, in general, a certain critical mass of expertise need to be developed before results improve however, with the advent of technology that is now less necessary and returns quickly diminish when transport times are increased. For example, if you child develops psychosis, the outcomes going to a "super centre" are unlikely to outweigh the hazards of moving the child two hundred miles from a supportive family, which is what happens now.

 

The worst performing hospitals are ironically often the larger inner city teaching centres which are impersonal and run by protocol.  

Thank you didn’t know the last data - I am suitably informed ?

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Given that we're about 48 hrs from a full-on, stops-out nuclear Armageddon I'd say the Dow Joke is holding up pretty well, all things considered.

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1 hour ago, zugzwang said:

Given that we're about 48 hrs from a full-on, stops-out nuclear Armageddon I'd say the Dow Joke is holding up pretty well, all things considered.

Shows QE is even more toxic!

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11 hours ago, GreenDevil said:

Buy the dip!

hope you were all paying ATTENTION!

 Stocks are soaring on free printed money.

Dow 30,000 by year end.

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17 hours ago, GreenDevil said:

hope you were all paying ATTENTION!

 Stocks are soaring on free printed money.

Dow 30,000 by year end.

Well FTSE has crept back into its recent normal trading range from correction territory. Historically it has frequently crashed between February and early April and risen strongly to May. Not saying it will this year, it would be just too easy for traders if that were the case. If it does, this biannual May boom and Santa rally is just getting silly.

Edited by crashmonitor

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3 minutes ago, TonyJ said:

It's so funny. Apparently DOW futures are rallying because fear over Syria has turned to relief.

So really, all the authorities need to do to make markets go higher is to issue this threat or that threat, or to bomb somewhere, and then just sit back and wait for the relief rally to push stocks higher. Every week, they should create a mini-crisis and then solve, so markets are pushed ever higher and higher.

Maybe the relief rally's as make-believe as the assault on Syria?

 

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1 hour ago, TonyJ said:

It's so funny. Apparently DOW futures are rallying because fear over Syria has turned to relief.

So really, all the authorities need to do to make markets go higher is to issue this threat or that threat, or to bomb somewhere, and then just sit back and wait for the relief rally to push stocks higher. Every week, they should create a mini-crisis and then solve, so markets are pushed ever higher and higher.

How do you think IT contractors can afford M3s & Tag Heuers?  (Says ex IT contractor)

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1 hour ago, TonyJ said:

It's so funny. Apparently DOW futures are rallying because fear over Syria has turned to relief.

So really, all the authorities need to do to make markets go higher is to issue this threat or that threat, or to bomb somewhere, and then just sit back and wait for the relief rally to push stocks higher. Every week, they should create a mini-crisis and then solve, so markets are pushed ever higher and higher.

Soon we will be due for the apparently agreed North Korea -US meeting and then, fingers crossed, that will be another background factor weighing on markets that is removed - giving excuse for yet more upward movement (even iF it should already have been priced in).

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3 hours ago, TonyJ said:

So really, all the authorities need to do to make markets go higher is to issue this threat or that threat, or to bomb somewhere, and then just sit back and wait for the relief rally to push stocks higher. Every week, they should create a mini-crisis and then solve, so markets are pushed ever higher and higher.

Markets are down something like 8-10% from the highs of a few months ago. They were mostly rising due to good news (tax cuts and corporate earnings) and then fell due to bad news (political worries and likelihood of faster interest rate increases).

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21 hours ago, Kosmin said:

Markets are down something like 8-10% from the highs of a few months ago. They were mostly rising due to good news (tax cuts and corporate earnings) and then fell due to bad news (political worries and likelihood of faster interest rate increases).

I don't think the UK Markets would be too dismayed by a couple of rate rises this year. They certainly wont like no rate rises at all and the MPC reigning back on guidance especially financials who are struggling on tight spreads.

 

Edited by crashmonitor

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10 minutes ago, TonyJ said:

I hope you are right. I have read that normalising interest rates could help the economy because people..... would have more confidence. Conversely, if rates fall again, people would feel fearful again, and pull back on spending, making a recession even worse.

ROFLMAO

Edited by anonguest

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Damn right the more we normalise the more confidence people will have! Let's say additional 3% per month in May, June, and July. Just in time for confident customers to rush out and buy barbecues and sun loungers for the large gardens in their new builds.

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1 minute ago, Funn3r said:

Damn right the more we normalise the more confidence people will have! Let's say additional 3% per month in May, June, and July. Just in time for confident customers to rush out and buy barbecues and sun loungers for the large gardens in their new builds.

Double hard ROFLMAO.

Stop it. You're killing me!  :lol:

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59 minutes ago, Funn3r said:

Damn right the more we normalise the more confidence people will have! Let's say additional 3% per month in May, June, and July. Just in time for confident customers to rush out and buy barbecues and sun loungers for the large gardens in their new builds.

Would be nice, but in reality probably 0.25% making little difference to the ongoing theft on my cash savings. Meanwhile if they don't do the 0.25% after all the crying wolf, Bank shares will fall sharply, the pound will tank. They need to make a start in May and the Markets will take it as a sign of panic if they don't. The DOW crashed in 2016 when Yellen prepared the way and then didn't raise.

Edited by crashmonitor

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