"Essentially, all models are wrong, but some are useful."

Debt deflation

Irving Fisher argued that the predominant factor leading to the Great Depression was a vicious circle of deflation and growing over-indebtedness.^[37] He outlined nine factors interacting with one another under conditions of debt and deflation to create the mechanics of boom to bust. The chain of events proceeded as follows:

1. Debt liquidation and distress selling

• Contraction of the money supply as bank loans are paid off

• A fall in the level of asset prices

• A still greater fall in the net worth of businesses, precipitating bankruptcies

• A fall in profits

• A reduction in output, in trade and in employment

• Pessimism and loss of confidence

• Hoarding of money

• A fall in nominal interest rates and a rise in deflation adjusted interest rates^[37]

Good Morning All 

At LVS ltd we're doing nothing important at the moment that cant wait for a few weeks while the crisis passes (Perhaps it'll take longer than that???) I'm not self isolated yet and I don't have anyone in my household that is showing Covid symptoms.

I was wondering how I might help with all that is going on.....and as I have few skills that are medical related, it occurred to me that my local hospitals - Frimley Park Hospital and St Peters Hospital in Surrey, England, may need some additional support in their maintenance teams (i'm obviously an electrically skilled person but have a lot experience with Air handling units, Motor Control centres, I understand high and low pressurised hospital areas, having worked at a laboratory research centre (Byfleet New Haw), I some idea of clean environments, some experience with Thames water, clean water and sewerage pump systems, some experience with Building management systems, isolation's, fault finding etc etc........ I am well suited and skilled enough that this is something I can do.

My wife is OK with me going to work at either of these hospitals if I'm needed, although it clearly increases my families risk too, we have no known underlying health issues going on and are all relatively fit and healthy. All of the doctors and nurses and everyone right through cleaning staff and ambulance drivers are all taking the same increased risk. I'd like to be a part of the solution.

Now of my team of 4, two are probably not ideal candidates to go into a high risk area due to age and one has a heart issue, but myself and possibly one other could easily do so and would like to help if possible.

Can anyone link me to someone that does the maintenance at these hospitals because surely parts of, if not the whole maintenance team on site could go down with Covid and maybe they need additional personnel; more skilled people that know the site to better be able to continue functioning during this crisis. The normal hospital functions would need to continue to be supported too.

I'd like to help support one of these two hospitals. When the Covid crisis is over I'd just go back to doing what I always do - resume business as normal. If I get sick - they wont even have to pay sick pay as I'm not permanently employed......

Link me in please if you can