investmentwatchblog--2020-03-20--Is it to be QE for everyone and everywhere?

It was only yesterday that I signed off with the heat is on and indeed it was .
That was true if you looked at the fall in the UK Pound or the Norwegian Krona and even more so with crude oil .
In response there was an evening emergency meeting ( by telephone ) of the European Central Bank .
This was because it had been on the back foot in several of its bond markets in spite of its announcement of more QE ( Quantitative Easing ) bond buying as recently as last Thursday .
In Italy the @ @ @ @ @ @ @ reignited crisis fears .
So let us go to the response and the emphasis is mine .
We know what temporary means as for example the original emergency interest-rate cuts were supposed to be that as was the original QE and negative interest-rates .
They are all still here .
In a way that is the difference this time around as central bank action is supposed to be reversed a few years later when things are better but that never happened .
Instead it is “ More !
More !
More !
” @ @ @ @ @ @ @ that feels like an end date but later we get this .
There are various perspectives to this as assuming they started immediately which they have then there will now be around 115 billion Euros of QE bond purchases from the ECB .
There was also this for Italy .
As you can see Gus was enthusiastic .
I do not know if he was long the market but anyway it seemed set to offer some relief to hard-pressed Italy .
There was also something that looks set to be significant but has @ @ @ @ @ @ @ .
That made me thing of the capital key point made by Gus where purchases are proportionate to each country ’ s share in the ECB itself , This is mostly but not entirely related to the size of their economy .
So clearing the decks in case Italy for example needs more and also at the other end of the scale should they run out of bonds to buy in the Netherlands or Germany .
Also there was a plan for Greece .
Rather curiously there are not that many Greek bonds @ @ @ @ @ @ @ many in the past !
The European Stability Mechanism has a very large holding for example .
It seems as though the ECB has steamed in this morning all guns blazing or as they put it .
This has seen the Italian bond future rally over 8 points to 138 as the ten-year yield fell to 1.7 % .
This is a tactical success although care is needed as only central bankers regard paying much more for something as a success .
It should help Italy relax fiscal policy if it is sustained @ @ @ @ @ @ @ perspective which is that some short of Italian bonds will have been screaming for the financial stretcher-bearers and may not return .
Please remember that if down the road we see central bankers and their acolytes complaining of a lack of liquidity .
The situation in equity markets is not so happy because as I type this the Dax of Germany is some 1 % lower although the EuroStoxx 50 is hanging onto a few points gain .
This is off 1 % versus the US Dollar at 1.083 but as we looked @ @ @ @ @ @ @ of King Dollar so the picture is blurry .
We maybe learn a little that the Euro has slipped against the UK Pound £ but the move is much smaller than its gain yesterday so again we learn not much .
So lower yes but we have no way of knowing if the QE has contributed much here in another fail for economics 101 .
On that subject someone has announced this morning that they are buying .
It feels like yesterday when the Reserve Bank of Australia announced it might do QE @ @ @ @ @ @ @ .
Well this morning we learnt that beds may be burning in the land of midnight oil .
As I have pointed out earlier please remember the “ market dislocations ” bit should liquidity disappear and the RBA complains about it .
Earlier this week the Polish central bank joined the party .
Notice how they are getting a liquidity denial in early ?
Also they did this .
I would imagine the central banking dark web is full of messages saying “ lightweights ” after starting with such a small amount .
@ @ @ @ @ @ @ banks sung along with Huey Lewis and te News .
As time has passed more joined in and now the chorus is deafening as more join the QE party .
I expect that there will be more in terms of volume for existing players and more new entrants because it is now about oiling the wheels of fiscal policy .
When central banks were made “ independent ” this was not the purpose ( they are not that bright ) but the traditional bureaucratic way of appointing people who are to coin a @ @ @ @ @ @ @ that actually they are doing more than elected politicians would be allowed to .
There is a democracy deficit hidden behind the crisis measures .
The picture is complex as there are many areas which badly need help right now .
On a personal level in a short space of time I heard about 2 people losing jobs and a business owner losing work .
But the history of central bank action is that it favours big not small business or the self employed .
One certainty is that once we get any @ @ @ @ @ @ @ into the housing market as banks find that easy to do .
Meanwhile we are reminded that mistakes can be very expensive but not for our lords and masters .

by Shaun Richards
It was only yesterday that I signed off with the heat is on and indeed it was. That was true if you looked at the fall in the UK Pound or the Norwegian Krona and even more so with crude oil. In response there was an evening emergency meeting ( by telephone) of the European Central Bank. This was because it had been on the back foot in several of its bond markets in spite of its announcement of more QE ( Quantitative Easing) bond buying as recently as last Thursday. In Italy the benchmark ten-year yield approached 3% and reignited crisis fears. So let us go to the response and the emphasis is mine.
To launch a new temporary asset purchase programme of private and public sector securities to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak and escalating diffusion of the coronavirus, COVID-19.
We know what temporary means as for example the original emergency interest-rate cuts were supposed to be that as was the original QE and negative interest-rates. They are all still here. In a way that is the difference this time around as central bank action is supposed to be reversed a few years later when things are better but that never happened. Instead it is “More! More! More!”
This new Pandemic Emergency Purchase Programme (PEPP) will have an overall envelope of €750 billion. Purchases will be conducted until the end of 2020 and will include all the asset categories eligible under the existing asset purchase programme (APP).
Actually they highlight my temporary point because that feels like an end date but later we get this.
The Governing Council will terminate net asset purchases under PEPP once it judges that the coronavirus Covid-19 crisis phase is over, but in any case not before the end of the year.
Number-Crunching
There are various perspectives to this as assuming they started immediately which they have then there will now be around 115 billion Euros of QE bond purchases from the ECB. There was also this for Italy.
If capital key is fully respected this means almost 10.5 bln additional monthly purchases of BTPs, for the next 9 months. #BringItON ( @gusbaratta)
As you can see Gus was enthusiastic. I do not know if he was long the market but anyway it seemed set to offer some relief to hard-pressed Italy.
There was also something that looks set to be significant but has got a little lost in the fog.
To the extent that some self-imposed limits might hamper action that the ECB is required to take in order to fulfil its mandate, the Governing Council will consider revising them to the extent necessary to make its action proportionate to the risks that we face.
That made me thing of the capital key point made by Gus where purchases are proportionate to each country’s share in the ECB itself, This is mostly but not entirely related to the size of their economy. So clearing the decks in case Italy for example needs more and also at the other end of the scale should they run out of bonds to buy in the Netherlands or Germany.
Also there was a plan for Greece.
A waiver of the eligibility requirements for securities issued by the Greek government will be granted for purchases under PEPP.
Rather curiously there are not that many Greek bonds to buy because they have bought so many in the past! The European Stability Mechanism has a very large holding for example.
Together, the EFSF and ESM disbursed €204 billion to Greece, and now hold more than half of its public debt.
Market Reaction
It seems as though the ECB has steamed in this morning all guns blazing or as they put it.
At the same time, purchases under the new PEPP will be conducted in a flexible manner. This allows for fluctuations in the distribution of purchase flows over time, across asset classes and among jurisdictions.
This has seen the Italian bond future rally over 8 points to 138 as the ten-year yield fell to 1.7%. This is a tactical success although care is needed as only central bankers regard paying much more for something as a success. It should help Italy relax fiscal policy if it is sustained. However, there is a deeper perspective which is that some short of Italian bonds will have been screaming for the financial stretcher-bearers and may not return. Please remember that if down the road we see central bankers and their acolytes complaining of a lack of liquidity.
The situation in equity markets is not so happy because as I type this the Dax of Germany is some 1% lower although the EuroStoxx 50 is hanging onto a few points gain.
The Euro
This is off 1% versus the US Dollar at 1.083 but as we looked at yesterday we are seeing a phase of King Dollar so the picture is blurry. We maybe learn a little that the Euro has slipped against the UK Pound £ but the move is much smaller than its gain yesterday so again we learn not much. So lower yes but we have no way of knowing if the QE has contributed much here in another fail for economics 101.
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On that subject someone has announced this morning that they are buying.
The SNB is intervening more strongly in the foreign exchange market to contribute to the stabilisation of
the situation. ( Swiss National Bank)
Australia
It feels like yesterday when the Reserve Bank of Australia announced it might do QE if interest-rates were cut to 0.25%. Well this morning we learnt that beds may be burning in the land of midnight oil.
A reduction in the cash rate target to 0.25 per cent.
Followed by.
A target for the yield on 3-year Australian Government bonds of around 0.25 per cent. This will be achieved through purchases of Government bonds in the secondary market. Purchases of Government bonds and semi-government securities across the yield curve will be conducted to help achieve this target as well as to address market dislocations. These purchases will commence tomorrow.
As I have pointed out earlier please remember the “market dislocations” bit should liquidity disappear and the RBA complains about it.
Poland
Earlier this week the Polish central bank joined the party.
NBP will also purchase government bonds on the secondary
market as part of the structural operations that change the long-term liquidity structure in the banking sector and contribute to maintaining the liquidity in the government bond secondary market.
Notice how they are getting a liquidity denial in early? Also they did this.
The Council decided to cut the NBP reference rate by 0.5 percentage points, i.e. to 1.00%
Bank of Korea
From Bloomberg.
The Bank of Korea plans to buy $1.2 billion in government bonds to stabilize markets
I would imagine the central banking dark web is full of messages saying “lightweights” after starting with such a small amount.
Comment
When the credit crunch started some central banks sung along with Huey Lewis and te News.
I want a new drug, one that won’t hurt my head
One that won’t make my mouth too dry
Or make my eyes too red
As time has passed more joined in and now the chorus is deafening as more join the QE party. I expect that there will be more in terms of volume for existing players and more new entrants because it is now about oiling the wheels of fiscal policy. When central banks were made “independent” this was not the purpose ( they are not that bright) but the traditional bureaucratic way of appointing people who are to coin a phrase “one of us” means that actually they are doing more than elected politicians would be allowed to. There is a democracy deficit hidden behind the crisis measures.
The picture is complex as there are many areas which badly need help right now. On a personal level in a short space of time I heard about 2 people losing jobs and a business owner losing work. But the history of central bank action is that it favours big not small business or the self employed. One certainty is that once we get any bit of stability the money will pour into the housing market as banks find that easy to do.
Meanwhile we are reminded that mistakes can be very expensive but not for our lords and masters.
Last Thursday: Lagarde says ECB is not there to close bond spreads Tonight: ECB announces an extra 750 billion of QE to close bond spreads


investmentwatchblog--2020-03-20--Elon Musk Offering To Build Respirators To Treat COVID-19 Patients

Tesla CEO Elon Musk said on Twitter today that some of his company ’ s resources could be used to make new ventilators to treat COVID-19 “ if there is a shortage.
” Governments and health officials have appealed to manufacturers to help produce the breathing-aid machines for hospitals .
They are needed to treat patients with severe symptoms of the respiratory disease caused by the novel coronavirus , but experts warn they are in limited supply .
Elon Musk Says He Supports Twitter ’ s Jack Dorsey After Investor Oust ThreatREAD MORE Musk responded on social media today after @ @ @ @ @ @ @ factory production from electric cars to the sought-after medical equipment .
“ We will make ventilators if there is a shortage , ” he wrote back , indicating that components used in his company ’ s electric cars and rockets were similar in design .
“ Tesla makes cars with sophisticated hvac [ air conditioning ] systems , ” Musk later said in response to a comment on Twitter made by Nate Silver , the editor-in-chief of FiveThirtyEight , who noted there is already a shortage .
Musk added : “ SpaceX makes @ @ @ @ @ @ @ are not difficult , but can not be produced instantly .
Which hospitals have these shortages you speak of right now ?
” Many Twitter users quickly pointed out examples of hospitals in urgent need of ventilator equipment .
Tesla has been contacted for comment .
The Tesla boss has previously played down the global response to the novel coronavirus , which has caused more than 218,000 infections across the world , and over 8,800 deaths .
More than 84,000 people have recovered after contracting the disease , according to tracking data .

What the fuck is happening pic.twitter.com/2rc1SnmUuH — Coronavirus Retweeter (@JoshNH4H) March 19, 2020
Tesla CEO Elon Musk said on Twitter today that some of his company’s resources could be used to make new ventilators to treat COVID-19 “if there is a shortage.”
Governments and health officials have appealed to manufacturers to help produce the breathing-aid machines for hospitals. They are needed to treat patients with severe symptoms of the respiratory disease caused by the novel coronavirus, but experts warn they are in limited supply.
Elon Musk Says He Supports Twitter’s Jack Dorsey After Investor Oust ThreatREAD MORE
Musk responded on social media today after receiving requests urging him to shift his factory production from electric cars to the sought-after medical equipment.
“We will make ventilators if there is a shortage,” he wrote back, indicating that components used in his company’s electric cars and rockets were similar in design.
“Tesla makes cars with sophisticated hvac [air conditioning] systems,” Musk later said in response to a comment on Twitter made by Nate Silver, the editor-in-chief of FiveThirtyEight, who noted there is already a shortage.
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Musk added: “SpaceX makes spacecraft with life support systems. Ventilators are not difficult, but cannot be produced instantly. Which hospitals have these shortages you speak of right now?” Many Twitter users quickly pointed out examples of hospitals in urgent need of ventilator equipment.
Tesla has been contacted for comment.
The Tesla boss has previously played down the global response to the novel coronavirus, which has caused more than 218,000 infections across the world, and over 8,800 deaths. More than 84,000 people have recovered after contracting the disease, according to tracking data.
www.newsweek.com/elon-musk-tesla-coronavirus-tweets-ventilators-hospitals-covid19-1493162


investmentwatchblog--2020-03-20--New Zealand Government shutting borders to all but citizens and permanent residents

New Zealand has closed its borders to everyone but citizens and residents in an attempt to stop the spread of @ @ @ @ @ to planes boarding after 11.59pm on Thursday – any planes in the air already would @ @ @ @ @ and children of citizens or residents are exempt from the ban , as are some @ @ @ @ @ A full list of exemptions is available here .
The announcement followed a coronavirus cabinet @ @ @ @ @ minutes after Australia banned all non-residents from its country .
Prime Minister Jacinda Ardern made @ @ @ @ @ , acknowledging this was an unprecedented move in New Zealand ’ s history – but @ @ @ @ @ virus spread in other countries .

New Zealand has closed its borders to everyone but citizens and residents in an attempt to stop the spread of coronavirus.
The ban applied to planes boarding after 11.59pm on Thursday – any planes in the air already would not be impacted.
Partners and children of citizens or residents are exempt from the ban, as are some health and humanitarian workers. A full list of exemptions is available here.
We are primarily funded by readers. Please subscribe and donate to support us!
The announcement followed a coronavirus cabinet meeting on Thursday and came minutes after Australia banned all non-residents from its country.
Prime Minister Jacinda Ardern made the announcement on Thursday evening, acknowledging this was an unprecedented move in New Zealand’s history – but a necessary one as the virus spread in other countries.
www.stuff.co.nz/national/health/coronavirus/120423903/coronavirus-prime-minister-to-make-announcement-on-border-controls


investmentwatchblog--2020-03-20--CA Statewide Order To Stay At Home… Texas Issues Lockdown Orders

California Gov .
Gavin Newsom on Thursday evening announced he ’ s enacting a “ statewide order ” for its nearly 40 million residents to “ stay at home , ” a wide-reaching measure for the most populous state in the country as the coronavirus spreads .
The order taking effect midnight on Friday morning .
The order prohibits gatherings outside and required nonessential businesses to close .
The measure is intended to slow the spread of the virus .
“ We need to bend the curve in the state of California , ” Newsom said during a news conference @ @ @ @ @ @ @ contract here .
People , I think , recognize the need to do more .
They will adjust and adapt as they have.
” AUSTIN , Texas — Gov .
Greg Abbott issued an executive order limiting public gatherings to 10 people , shutting schools , prohibiting visitors to nursing homes and retirement communities and limiting bars and restaurants to take-out through April 3 in an effort to slow the spread of COVID-19 .
He also recommended that non-essential state employees telework .
# Breaking : Governor Wolf of # Pennsylvania is ordering @ @ @ @ @ @ @ close tonight at 8pm – enforcement begins tomorrow at 12:01am for all businesses who do not comply ( @ JanMurphy )

Watch the latest video at foxnews.com
California Gov. Gavin Newsom on Thursday evening announced he’s enacting a “statewide order” for its nearly 40 million residents to “stay at home,” a wide-reaching measure for the most populous state in the country as the coronavirus spreads.
The order taking effect midnight on Friday morning. The order prohibits gatherings outside and required nonessential businesses to close. The measure is intended to slow the spread of the virus.
“We need to bend the curve in the state of California,” Newsom said during a news conference. “There’s a social contract here. People, I think, recognize the need to do more. They will adjust and adapt as they have.”
www.foxnews.com/us/california-gov-gavin-newsom-announces-statewide-stay-at-home-order
Texas governor issues lockdown orders
AUSTIN, Texas — Gov. Greg Abbott issued an executive order limiting public gatherings to 10 people, shutting schools, prohibiting visitors to nursing homes and retirement communities and limiting bars and restaurants to take-out through April 3 in an effort to slow the spread of COVID-19. He also recommended that non-essential state employees telework.
We are primarily funded by readers. Please subscribe and donate to support us!
www.politico.com/news/2020/03/19/texas-governor-coronavirus-lockdown-orders-137691
Related:
Doge
@IntelDoge
#Breaking: Governor Wolf of #Pennsylvania is ordering all
businesses not essential to life to close tonight at 8pm –
enforcement begins tomorrow at 12:01am for all businesses who
do not comply (@JanMurphy)
#Breaking: Governor Wolf of #Pennsylvania is ordering all businesses not essential to life to close tonight at 8pm – enforcement begins tomorrow at 12:01am for all businesses who do not comply (@JanMurphy) — Doge (@IntelDoge) March 19, 2020
pittsburgh.cbslocal.com/wp-content/uploads/sites/15909642/2020/03/20200319-Life-Sustaining-Business.pdf


investmentwatchblog--2020-03-20--Coronavirus Is Not an Emergency. It’s a War.

I was critical of the Federal Reserve for its emergency moves last Sunday .
But I now assume they weren ’ t panicking .
Rather , they were trying to get ahead of the situation , going where we know we need to go and doing it now .
Good on them .
I apologize for my criticism .
Without radical action ( some of which is already happening , some places , but not enough ) , this pandemic could cost many lives and potentially launch an economic depression .
I am not exaggerating when I say this .
@ @ @ @ @ @ @ ’ t have to happen .
We can solve this .
That is what we as Americans or British or Italian or Chinese do .
That is what we as humans do .
We come together in a crisis .
But it will mean that we have to treat this situation not as an emergency , but as a battle that could turn into a war .
World War C. It will be costly and require extraordinary measures , even if we act quickly .
That ’ s why I urge you to @ @ @ @ @ @ @ urgent need for extraordinary actions in terms of social distancing .
It will come at a terrible cost for much of the country .
But if we do it now , we can get through this crisis quickly .
Consider how South Korea , Singapore , and Hong Kong have fared .
Swift , comprehensive actions work .
And as in a war , we must bear this financial and lifestyle burden together , understanding it will have consequences .
The longer we delay , the higher the costs will be .
If @ @ @ @ @ @ @ II type of situation , I propose that we do not think outside of the box .
Instead , we must get rid of the box .
The data below clearly indicates we must take action .
That action is going to cost a great deal of people and businesses a great deal of money , time , and blood .
The sooner we act , the lower the cost will be .
This first link talks about the consequences of delaying serious social distancing and quarantine policies , even for one more @ @ @ @ @ @ @ science are overwhelming .
And that means you , gentle reader , must take action today for your own family .
If you are in a position of power , you must take action for your community or your business .
Focus on the actions that will make a difference today and be ready to adapt further as we see how the battle is unfolding .
Coronavirus : Why You Must Act Now Let me call out my own home state .
As of this morning , Dallas has basically shut everything down @ @ @ @ @ @ @ hand , is letting bars and restaurants open with six-foot distancing .
Fort Worth is putting Dallas and everyone else in the region at risk .
Maybe in hindsight , we will find out Fort Worth was right .
However , given the data , can we risk it ?
Governor Abbott , I know you read my letter .
Take charge and kick some Texas ass .
This second link describes a study by the Imperial College in Britain .
A link to more detailed data is in the article .
Basically @ @ @ @ @ @ @ is possible a million Americans will die , and potentially even more .
Again , the actions we take today can drastically impact what we can and can not do a few weeks from now .
It is very sobering .
Bluntly , this is going to cost more than a few trillion dollars .
It will have unpleasant financial consequences for a very long time .
So did World War II .
But acting quickly will cut that cost in terms of life and spending .
The consequence of not dealing with @ @ @ @ @ @ @ will be a depression and an unacceptable loss of life and economic support for millions of people .
Longtime readers know I am the “ Muddle Through ” economist .
But this is not a Muddle Through scenario .
It is time for our own Greatest Generation to step up .
Only this time , it needs to be all of us .
For those of you who are Tolkien and Lord of the Rings fans , it is time to light the signal fires and muster the Rohirrim .
I can never @ @ @ @ @ @ @ eye .
It is time for us to light our own signal fires and muster our own courage .
God knows we will need to support the front lines who go into harm ’ s way to keep the country running .

by John Mauldin
I was critical of the Federal Reserve for its emergency moves last Sunday. But I now assume they weren’t panicking. Rather, they were trying to get ahead of the situation, going where we know we need to go and doing it now. Good on them. I apologize for my criticism.
Without radical action (some of which is already happening, some places, but not enough), this pandemic could cost many lives and potentially launch an economic depression. I am not exaggerating when I say this. I really mean it.
That doesn’t have to happen. We can solve this. That is what we as Americans or British or Italian or Chinese do. That is what we as humans do. We come together in a crisis.
But it will mean that we have to treat this situation not as an emergency, but as a battle that could turn into a war. World War C.
It will be costly and require extraordinary measures, even if we act quickly.
That’s why I urge you to read the following links and understand the urgent need for extraordinary actions in terms of social distancing. It will come at a terrible cost for much of the country. But if we do it now, we can get through this crisis quickly.
Consider how South Korea, Singapore, and Hong Kong have fared. Swift, comprehensive actions work. And as in a war, we must bear this financial and lifestyle burden together, understanding it will have consequences. The longer we delay, the higher the costs will be.
If we are to avoid a World War II type of situation, I propose that we do not think outside of the box. Instead, we must get rid of the box.
The data below clearly indicates we must take action. That action is going to cost a great deal of people and businesses a great deal of money, time, and blood. The sooner we act, the lower the cost will be.
This first link talks about the consequences of delaying serious social distancing and quarantine policies, even for one more day. I believe the math and science are overwhelming. And that means you, gentle reader, must take action today for your own family.
If you are in a position of power, you must take action for your community or your business. Focus on the actions that will make a difference today and be ready to adapt further as we see how the battle is unfolding.
We are primarily funded by readers. Please subscribe and donate to support us!
Coronavirus: Why You Must Act Now
Let me call out my own home state. As of this morning, Dallas has basically shut everything down. Fort Worth, on the other hand, is letting bars and restaurants open with six-foot distancing. Fort Worth is putting Dallas and everyone else in the region at risk.
Maybe in hindsight, we will find out Fort Worth was right. However, given the data, can we risk it?
Governor Abbott, I know you read my letter. Take charge and kick some Texas ass.
This second link describes a study by the Imperial College in Britain. A link to more detailed data is in the article. Basically, without drastic action now, it is possible a million Americans will die, and potentially even more. Again, the actions we take today can drastically impact what we can and cannot do a few weeks from now. It is very sobering.
Sobering Prediction
Bluntly, this is going to cost more than a few trillion dollars. It will have unpleasant financial consequences for a very long time. So did World War II. But acting quickly will cut that cost in terms of life and spending. The consequence of not dealing with it financially, let alone medically, will be a depression and an unacceptable loss of life and economic support for millions of people.
Longtime readers know I am the “Muddle Through” economist. But this is not a Muddle Through scenario.
It is time for our own Greatest Generation to step up. Only this time, it needs to be all of us.
For those of you who are Tolkien and Lord of the Rings fans, it is time to light the signal fires and muster the Rohirrim. I can never watch that 30-second scene with a dry eye.
It is time for us to light our own signal fires and muster our own courage. God knows we will need to support the front lines who go into harm’s way to keep the country running.


investmentwatchblog--2020-03-20--This storm will be here for some time and we will feel the aftershocks for many years to come. If yo

This storm will be here for some time and we will feel the aftershocks for many years to come .
@ @ @ @ @ to support your local community as much as you are able .
pic.twitter.com/z5ExGhRzux

This storm will be here for some time and we will feel the aftershocks for many years to come. If you can, try to support your local community as much as you are able. pic.twitter.com/z5ExGhRzux
— Lord Polemos (@LordPolemos) March 20, 2020


investmentwatchblog--2020-03-20--CDC changes guidelines for masks for healthcare workers (so healthcare workers cannot sue because if

CDC changes guidelines for masks for healthcare workers (so healthcare workers cannot sue because if they’re infected they technically followed cdc guidelines)

And the AHA is attempting to decrease workplace safety standards to be void of liability if healthcare workers get infected on the job .
CDC is now recommending bandanas in lieu of a mask where people are seeing shortages .
Healthcare workers have seen the standards change from n95 masks , to reusing n95 masks , to surgical masks , to reusing surgical masks , to now , bandanas and homemade masks .
The American Hospital Association is lobbying for changes in legislation to healthcare workers workplace safety so they ’ re not liable for not providing proper protective equipment @ @ @ @ @ @ @ of necessary PPE .
Testing takes five days so staff must use lots of PPE to protect themselves while ruling out COVID and waiting for test results to come back .
Rapid testing devices would exponentially decrease the dwindling global supply of PPE .
If these people are infected they bring it back to their family and children .
Many nurses can not afford temporary secondary accommodations at this time .
China built living spaces for these healthcare workers to limit spread .
This country is corrupt as fuck and used and abused @ @ @ @ @ @ @ .
We weren ’ t prepared .
CDC changing standards for masks to protect healthcare workers from COVID : www.google.com/amp/s/amp.cnn.com/cnn/2020/03/19/health/hospital-coronavirus-shortages-preparedness/index.html Healthcare workers getting exposed to COVID because not protected : www.google.com/amp/s/www.livescience.com/amp/coronavirus-doctors-at-risk-face-mask-shortages.html Healthcare workers could lose job for taking time off because of exposure to/illness due to COVID : www.rollcall.com/2020/03/18/nurses-doctors-exposed-to-covid-19-and-miss-work-may-lose-their-job-under-aid-bill/ China infection rates of healthcare workers despite literal hazmat suit level protection was in the 1000s .
They ’ re exhausted from working lots of hours but since the US is in a national emergency nurses can be forced to work mandatory overtime also @ @ @ @ @ @ @ guest post and it doesn ’ t represent the views of IWB .

by magnesiumstool
And the AHA is attempting to decrease workplace safety standards to be void of liability if healthcare workers get infected on the job.
CDC is now recommending bandanas in lieu of a mask where people are seeing shortages. Healthcare workers have seen the standards change from n95 masks, to reusing n95 masks, to surgical masks, to reusing surgical masks, to now, bandanas and homemade masks. The American Hospital Association is lobbying for changes in legislation to healthcare workers workplace safety so they’re not liable for not providing proper protective equipment and for failing to keep backup stock of necessary PPE.
Testing takes five days so staff must use lots of PPE to protect themselves while ruling out COVID and waiting for test results to come back. Rapid testing devices would exponentially decrease the dwindling global supply of PPE.
If these people are infected they bring it back to their family and children. Many nurses can not afford temporary secondary accommodations at this time. China built living spaces for these healthcare workers to limit spread.
This country is corrupt as fuck and used and abused those on the front lines of this. We weren’t prepared.
We are primarily funded by readers. Please subscribe and donate to support us!
AHA (American hospital association) trying to decrease workplace safety standards: www.rollcall.com/2020/03/13/hospitals-want-to-kill-a-policy-shielding-nurses-from-covid-19-because-there-arent-enough-masks/
CDC changing standards for masks to protect healthcare workers from COVID: www.google.com/amp/s/amp.cnn.com/cnn/2020/03/19/health/hospital-coronavirus-shortages-preparedness/index.html
Healthcare workers getting exposed to COVID because not protected: www.google.com/amp/s/www.livescience.com/amp/coronavirus-doctors-at-risk-face-mask-shortages.html
Healthcare workers could lose job for taking time off because of exposure to/illness due to COVID: www.rollcall.com/2020/03/18/nurses-doctors-exposed-to-covid-19-and-miss-work-may-lose-their-job-under-aid-bill/
China infection rates of healthcare workers despite literal hazmat suit level protection was in the 1000s. They’re exhausted from working lots of hours but since the US is in a national emergency nurses can be forced to work mandatory overtime also: www.google.com/amp/s/www.aljazeera.com/amp/news/2020/02/scared-exposed-rise-virus-cases-china-medics-200217003853672.html
Disclaimer: This is a guest post and it doesn’t represent the views of IWB.


investmentwatchblog--2020-03-20--Panic More Contagious Than The Coronavirus: A Crisis Is A Terrible Thing To Waste

“ You never want a serious crisis to go to waste .
And what I mean by that , it ’ s an opportunity to do things you think you could not do before.
” -Rahm Emanuel , Barack Obama ’ s Chief of Staff from 2009 to 2010 .
Only a couple of weeks ago , if anyone told you that your entire country would be basically shutting down , that events and public gatherings would be outlawed , that you ’ d be looking at empty shelves in your local supermarket and that the global stock market would @ @ @ @ @ @ @ you ’ d never have believed them .
Or if you did , you ’ d probably be expecting some kind of armed conflict scenario , a revolution , or an alien invasion , or something equally bombastic .
You ’ d never have imagined that it ’ d be a bug that did that and in what now seems like a blink of an eye .
And yet , this is where we stand today and nobody knows for how long we ’ ll be stuck in this state .
As we @ @ @ @ @ @ @ grips with this bizarre new reality , there ’ s a couple of interesting lessons and observations we can at least take the time to explore a little further .
Panic is more contagious than the coronavirus Hysteria has seeped through every level of what we were so proud to call our “ civilized ” and “ sophisticated ” societies , from government officials at the very top , to a large portion of the public .
The media , bearing most of the responsibility for spreading the “ corona terror ” , @ @ @ @ @ @ @ ad revenue much more than any sort of journalistic ethics .
We ’ re being constantly bombarded with near-apocalyptic scenarios , news of more deaths and new cases , reports from doctors describing the last moments of dying patients and with stern warnings that we or our loved ones could be next .
Of course , there is nothing trivial nor misguided about keeping people informed about the spread of the disease and the efforts to fight it .
However , there is a way of doing it , by sticking to the @ @ @ @ @ @ @ And then there ’ s also all the good news that is being buried under the enormous volume of the fear mongering headlines .
I ’ m no virologist , nor do I have any kind of medical training , but from the existing scientific literature , all the available research and the experts ’ updates on the disease , even a layman like myself can see that it ’ s definitely not all doom and gloom .
We might not know much about it and the statistics we have so far might @ @ @ @ @ @ @ ’ ve known and studied for generations , but what we do know is actually quite reassuring .
At the time of writing this , there have been close to 190,000 confirmed cases , around 7,500 deaths and nearly 81,000 recoveries , globally .
Those who succumbed , as we all know by now , are in their vast majority older and immunocompromised people , while the symptoms reported by otherwise healthy adults are mostly described as very mild .
In fact , it is precisely because most cases are so mild and @ @ @ @ @ @ @ there is a large gap in the statistics .
Also , many countries are under-testing , or only recently catching up , which means that in many cases , the patients that show up in their numbers as “ confirmed cases ” were the ones that were already high risk or showing symptoms beyond a mere cough .
This is likely a small fraction of the total of those inflected .
Therefore , if we include in the statistics all those who recover without any medical intervention , then the mortality rate , @ @ @ @ @ @ @ even lower , and then this whole thing doesn ’ t look quite as scary anymore .
A cold and rational look at the facts ( and , yes , these might change , but they ’ re all we have to tether us to reality for the time being ) really displays a sharp contrast with the narrative being propagated in the news and in official announcements .
For one thing , where are all the headlines about the recoveries ?
Or about South Korea flattening the curve ?
Or about the @ @ @ @ @ @ @ successfully defeated without any of the extreme measures we see today , like H5N1 that had a fatality rate of about 60 % ?
Comparisons might be imperfect , of course , as contagion rates and other factors might differ from disease to disease , but the point remains that we ’ ve seen a lot worse than Covid-19 and we survived , without placing every human on the planet under house arrest .
The impact of this kind of one-sided reporting goes a lot further that the anxiety it is spreading among @ @ @ @ @ @ @ seeding .
It goes even beyond the physical manifestations of this mental state that it is inducing , namely the panic buying , the hoarding and the empty supermarket shelves .
The real danger lies in the decisions and the trade-offs that this fear comes to dictate and in the way it hijacks our critical thinking .
What ’ s a lot scarier than the coronavirus is realizing what we ’ re willing to accept , to sacrifice and to hand over , in exchange for a flimsy promise of protection .
In @ @ @ @ @ @ @ deeper into the policy developments so far and the implications of the extreme measures that have already come to pass .
We also look at the potential next steps and their impact on the economy and on civil society .

by Claudio Grass via Claudiograss.ch
“You never want a serious crisis to go to waste. And what I mean by that, it’s an opportunity to do things you think you could not do before.” -Rahm Emanuel, Barack Obama’s Chief of Staff from 2009 to 2010.
Only a couple of weeks ago, if anyone told you that your entire country would be basically shutting down, that events and public gatherings would be outlawed, that you’d be looking at empty shelves in your local supermarket and that the global stock market would be on the brink of collapse, you’d never have believed them. Or if you did, you’d probably be expecting some kind of armed conflict scenario, a revolution, or an alien invasion, or something equally bombastic. You’d never have imagined that it’d be a bug that did that and in what now seems like a blink of an eye.
And yet, this is where we stand today and nobody knows for how long we’ll be stuck in this state. As we hanker down and try to come to grips with this bizarre new reality, there’s a couple of interesting lessons and observations we can at least take the time to explore a little further.
Panic is more contagious than the coronavirus
Hysteria has seeped through every level of what we were so proud to call our “civilized” and “sophisticated” societies, from government officials at the very top, to a large portion of the public. The media, bearing most of the responsibility for spreading the “corona terror”, have once again proven that they value ad revenue much more than any sort of journalistic ethics. We’re being constantly bombarded with near-apocalyptic scenarios, news of more deaths and new cases, reports from doctors describing the last moments of dying patients and with stern warnings that we or our loved ones could be next. Of course, there is nothing trivial nor misguided about keeping people informed about the spread of the disease and the efforts to fight it. However, there is a way of doing it, by sticking to the facts and without encouraging mass panic. And then there’s also all the good news that is being buried under the enormous volume of the fear mongering headlines.
I’m no virologist, nor do I have any kind of medical training, but from the existing scientific literature, all the available research and the experts’ updates on the disease, even a layman like myself can see that it’s definitely not all doom and gloom. We might not know much about it and the statistics we have so far might be limited compared to diseases that we’ve known and studied for generations, but what we do know is actually quite reassuring.
We are primarily funded by readers. Please subscribe and donate to support us!
At the time of writing this, there have been close to 190,000 confirmed cases, around 7,500 deaths and nearly 81,000 recoveries, globally. Those who succumbed, as we all know by now, are in their vast majority older and immunocompromised people, while the symptoms reported by otherwise healthy adults are mostly described as very mild. In fact, it is precisely because most cases are so mild and because most people recover by themselves that there is a large gap in the statistics. Also, many countries are under-testing, or only recently catching up, which means that in many cases, the patients that show up in their numbers as “confirmed cases” were the ones that were already high risk or showing symptoms beyond a mere cough. This is likely a small fraction of the total of those inflected. Therefore, if we include in the statistics all those who recover without any medical intervention, then the mortality rate, which is already quite low, sinks even lower, and then this whole thing doesn’t look quite as scary anymore.
The cost of fear
A cold and rational look at the facts (and, yes, these might change, but they’re all we have to tether us to reality for the time being) really displays a sharp contrast with the narrative being propagated in the news and in official announcements. For one thing, where are all the headlines about the recoveries? Or about South Korea flattening the curve? Or about the comparisons to other recent epidemics that were successfully defeated without any of the extreme measures we see today, like H5N1 that had a fatality rate of about 60%? Comparisons might be imperfect, of course, as contagion rates and other factors might differ from disease to disease, but the point remains that we’ve seen a lot worse than Covid-19 and we survived, without placing every human on the planet under house arrest.
The impact of this kind of one-sided reporting goes a lot further that the anxiety it is spreading among the people and the mass-panic it is seeding. It goes even beyond the physical manifestations of this mental state that it is inducing, namely the panic buying, the hoarding and the empty supermarket shelves. The real danger lies in the decisions and the trade-offs that this fear comes to dictate and in the way it hijacks our critical thinking. What’s a lot scarier than the coronavirus is realizing what we’re willing to accept, to sacrifice and to hand over, in exchange for a flimsy promise of protection.
In the upcoming second part, we dig deeper into the policy developments so far and the implications of the extreme measures that have already come to pass. We also look at the potential next steps and their impact on the economy and on civil society.
Claudio Grass, Hünenberg See, Switzerland


investmentwatchblog--2020-03-20--The Covid-19 Economic Crisis Will Change Everything: Short Term and Long Term Effects

Whether you think the global pandemic is “ just the flu ” or you realize it ’ s the real deal , one thing is difficult to debate – many Americans are already feeling the economic pain being caused by the outbreak and the measures taken to stop it .
Unemployment claims skyrocketed this week as businesses laid-off employees in an attempt to weather the storm .
More than 281,000 people filed for unemployment and those numbers would have been even higher if the influx of claims had not crashed the systems in several states .
In a news release @ @ @ @ @ @ @ At the same time as employees are filing claims , businesses are trying to figure out how to stay afloat .
Restaurants are switching to carry-out only .
Bars are closed .
Retail sales are down unless the business happens to be selling vital supplies like medications , food , and the new gold standard , toilet paper and Lysol wipes .
The Covid-19 pandemic is causing an economic crisis that will have both short-term and long-term effects .
This will challenge your adaptability skills , but I want to stress something : @ @ @ @ @ @ @ doesn ’ t mean life is over .
Here ’ s what you need to know .
This is just the beginning of the economic crisis bearing down on us .
As social distancing measures become more widespread , less and less money will be in play – both earned and spent .
Oh , and don ’ t forget , the stock market is setting record lows that haven ’ t been seen since the Great Depression .
( And this isn ’ t just in the United States – it ’ @ @ @ @ @ @ @ Others suggest what ’ s coming is going to be more of a depression than a recession .
What ’ s the difference ?
It ’ s all about the length of time the economic downturn lasts .
Considering the fact that the US government is preparing for a Covid-19 siege that could last 18 months , it appears we ’ re looking at the D-word .
Our immediate financial problems While this economic crisis looks as though it may continue for quite some time , let ’ s break this up into @ @ @ @ @ @ @ many people are facing an abrupt loss of income .
And it ’ s likely that a lot of the folks losing their income don ’ t have the safety net of a large emergency fund – 60 % of Americans are only one missed paycheck away from disaster .
At the same time as this downturn in income , people have been spending a fortune on food and other supplies to get through a potential quarantine that could last anywhere from 2 weeks to multiple months .
This is not an extravagance @ @ @ @ @ @ @ And there are fewer goods to buy , leading people to purchase whatever is left rather than whatever is the most affordable .
Our supply chain is broken because of our heavy reliance on Chinese goods .
There are shortages , whether the government wants to admit it or not .
You need only to walk into the nearest grocery store in most towns in the US to see large bare spots on the shelves .
Instead of canned goods being lined up all the way to the back of the shelves , @ @ @ @ @ @ @ the shelves look fuller .
Meat coolers are half empty .
There ’ s no bleach , no toilet paper , no Lysol wipes , no rice , and no beans to be had in many areas .
Our immediate concerns are the loss of income , paying current bills that are due , and getting enough food and supplies to see our families through whatever quarantine or isolation measures are demanded by the government .
I wrote more about the cost of a Covid-19 quarantine here .
And unfortunately , this is @ @ @ @ @ @ @ continues to plummet because people are only purchasing the bare necessities , we ’ ll see other issues arise .
How will you pay your rent or mortgage if your job qualifications are in a field that is now considered a luxury ?
How will you keep your utilities on when you ’ re not making any money ?
How will you feed your family , keep a roof over your head , pay for medical care , and maintain a vehicle ?
If you ’ ve never been through personal financial hardship @ @ @ @ @ @ @ a terrible reality check when the cost of your most basic essentials is out of reach .
But many of us have been there .
We can tell you that it often makes you feel powerless – it ’ s difficult and humiliating , but you can get through it .
If you ’ re a business owner , how will you keep operating if you have no working capital ?
How can you hire people if you don ’ t know whether you ’ ll be able to keep them on board @ @ @ @ @ @ @ periods ?
How can you buy more inventory and can you even acquire that inventory anymore ?
Will you be able to get the parts you need to repair items if you run a repair service business ?
As you can see , there are more questions than answers .
The future is quite uncertain .
If you have prepped for disruptions , you ’ ll be okay…for a while .
You will have used up a lot of your stored goods getting through the quarantines , should they occur , and making @ @ @ @ @ @ @ This certainly gives you a jump on the crisis , but do you actually have enough for the 18 months to two years of disruption being predicted ?
It ’ s scary to think about surviving an economic depression , especially after we in America have been more or less pampered for most of our lives .
But it ’ s better to face reality now than to be shocked by it later .
Knowing ahead of time can prevent financial mistakes you ’ ll regret for years .
Things are going to @ @ @ @ @ @ @ they did in 2019 .
Remember that we are the children and grandchildren of those who survived the Great Depression .
We will get through this .
How do you survive in an economy like this ?
I know the things I ’ ve laid out here are alarming , maybe even terrifying .
You may be wondering how in the world you can survive .
Well , you can .
This has happened before , maybe not on such a massive scale , but there have been other recessions and depressions .
@ @ @ @ @ @ @ their circumstances .
I ’ m not suggesting it ’ s easy but it is possible .
• Right now , cut your expenses .
You need to stop making purchases that are frivolous .
You need to get rid of gym memberships , third phones , and subscription boxes .
Make these cuts now .
Ignore anyone who tells you that you are further damaging the economy by these cuts – they aren ’ t the ones who are going to feed your family .
• Look at your living situation .
@ @ @ @ @ @ @ right this minute – on the contrary , that would be a nightmare with quarantines and curfews looming .
But begin to consider whether or not you are living in the most economical way .
It ’ s likely that you will soon see more extended families and friends living together to save on bills .
You may need to relocate or you may need to allocate space in your home to others .
Again – don ’ t do it right this second , but start to think about your options .
@ @ @ @ @ @ @ Now ’ s the time to start some seeds and begin figuring out a garden , even if it ’ s just a few plants on your patio or balcony .
Learn to mend and repair things instead of throwing them out and replacing them .
Cook from scratch instead of buying processed food or ordering out .
Start now to live more simply and focus your spending on the tools required for that .
• Practice hardcore frugality .
I ’ ve written a lot about living inexpensively .
You can find @ @ @ @ @ @ @ embrace a thrifty state of mind instead of railing against the system that means you can no longer afford a $ 6 coffee every morning on your way to work .
This may be difficult – anger is a normal response to a change in circumstances that is beyond your control .
But the faster you can get past the anger , the sooner you can find a new normal and some peace of mind .
• Help others .
That probably sounds crazy after I just said to cut your expenses , @ @ @ @ @ @ @ community and that is essential during difficult times .
If you have elderly neighbors , take over a hearty , filling meal or visit with them ( once it ’ s safe to do this . )
See if they need anything picked up from the store .
Offer a hard-working mom some free babysitting one afternoon so she can just take a nap .
If you ’ re shoveling your own snow , go a little further and shovel somebody else ’ s walk too .
• Create some odd jobs for @ @ @ @ @ @ @ point where we can get out and do things again , you may find that working a regular job is no longer possible .
If you can ’ t find work , you can come up with odd jobs you can do .
• Stay in contact with creditors .
As this all unfolds , staying in touch with the people to whom you owe money is the best way to protect your credit rating and your possessions .
They realize everyone is in the same position right now , and many of @ @ @ @ @ @ @ they know you intend to pay them .
• Understand there could be a point when you simply can ’ t pay your bills .
You may end up with the terrible realization that you can ’ t afford to pay your bills .
Of course , you took out credit cards or loans with the full intention of paying the money back , but sometimes circumstances are beyond our control and we have to prioritize survival : keeping a roof over your head , keeping the power on , and having food @ @ @ @ @ @ @ point , check out this article on how to survive when you can ’ t pay your bills .
We could be looking at an entirely different version normal when this all shakes out .
You can ’ t completely close down an economy and expect everything to just start back up again in a few months like nothing ever happened .
But you and your family can survive this .

by Daisy Luther
Whether you think the global pandemic is “just the flu” or you realize it’s the real deal, one thing is difficult to debate – many Americans are already feeling the economic pain being caused by the outbreak and the measures taken to stop it.
Unemployment claims skyrocketed this week as businesses laid-off employees in an attempt to weather the storm. More than 281,000 people filed for unemployment and those numbers would have been even higher if the influx of claims had not crashed the systems in several states.
In a news release, the Department of Labor said:
During the week ending March 14, the increase in initial claims are clearly attributable to impacts from the COVID-19 virus. A number of states specifically cited COVID-19 related layoffs, while many states reported increased layoffs in service-related industries broadly and in the accommodation and food services industries specifically, as well as in the transportation and warehousing industry, whether COVID-19 was identified directly or not. (source)
At the same time as employees are filing claims, businesses are trying to figure out how to stay afloat. Restaurants are switching to carry-out only. Bars are closed. Retail sales are down unless the business happens to be selling vital supplies like medications, food, and the new gold standard, toilet paper and Lysol wipes.
The Covid-19 pandemic is causing an economic crisis that will have both short-term and long-term effects. This will challenge your adaptability skills, but I want to stress something: life will be different, but that doesn’t mean life is over. Here’s what you need to know.
Recession or Depression?
This is just the beginning of the economic crisis bearing down on us. As social distancing measures become more widespread, less and less money will be in play – both earned and spent.
Oh, and don’t forget, the stock market is setting record lows that haven’t been seen since the Great Depression. (And this isn’t just in the United States – it’s happening across the globe.)
Fortune reports that we’re heading straight into a recession.
…the next Great Recession began this past week, as the U.S. virtually shut down its economy to prevent further spread of COVID-19. First, the NBA suspended its season, followed in rapid succession by the NHL, the MLS, the MLB, and most recently, the PGA’s cancellation of the 2020 Masters golf tournament. Then Broadway closed down, followed by cancellations at nearly all major venues. Businesses told their employees to work from home. In Minneapolis, the normally-packed Mall of America parking garages are virtually empty. In New York City, Mayor Bill de Blasio just limited all restaurants, cafes, and bars, to takeout and delivery. (source)
Others suggest what’s coming is going to be more of a depression than a recession. What’s the difference? It’s all about the length of time the economic downturn lasts.
A recession is the contraction phase of the business cycle. A common rule of thumb for recessions is two quarters of negative GDP growth. A depression is a prolonged period of economic recession marked by a significant decline in income and employment. (source)
Considering the fact that the US government is preparing for a Covid-19 siege that could last 18 months, it appears we’re looking at the D-word.
Our immediate financial problems
While this economic crisis looks as though it may continue for quite some time, let’s break this up into immediate and long-term issues.
Currently, many people are facing an abrupt loss of income. And it’s likely that a lot of the folks losing their income don’t have the safety net of a large emergency fund – 60% of Americans are only one missed paycheck away from disaster.
At the same time as this downturn in income, people have been spending a fortune on food and other supplies to get through a potential quarantine that could last anywhere from 2 weeks to multiple months. This is not an extravagance – it’s a necessity. And there are fewer goods to buy, leading people to purchase whatever is left rather than whatever is the most affordable.
We are primarily funded by readers. Please subscribe and donate to support us!
Our supply chain is broken because of our heavy reliance on Chinese goods. There are shortages, whether the government wants to admit it or not. You need only to walk into the nearest grocery store in most towns in the US to see large bare spots on the shelves. Instead of canned goods being lined up all the way to the back of the shelves, they’re perhaps two-deep to make the shelves look fuller. Meat coolers are half empty. There’s no bleach, no toilet paper, no Lysol wipes, no rice, and no beans to be had in many areas.
Our immediate concerns are the loss of income, paying current bills that are due, and getting enough food and supplies to see our families through whatever quarantine or isolation measures are demanded by the government. I wrote more about the cost of a Covid-19 quarantine here.
And unfortunately, this is just the beginning.
Our long-term problems
As the economy continues to plummet because people are only purchasing the bare necessities, we’ll see other issues arise. How will you pay your rent or mortgage if your job qualifications are in a field that is now considered a luxury? How will you keep your utilities on when you’re not making any money? How will you feed your family, keep a roof over your head, pay for medical care, and maintain a vehicle?
If you’ve never been through personal financial hardship before, you could be in for a terrible reality check when the cost of your most basic essentials is out of reach. But many of us have been there. We can tell you that it often makes you feel powerless – it’s difficult and humiliating, but you can get through it.
If you’re a business owner, how will you keep operating if you have no working capital? How can you hire people if you don’t know whether you’ll be able to keep them on board for more than a couple of pay periods? How can you buy more inventory and can you even acquire that inventory anymore? Will you be able to get the parts you need to repair items if you run a repair service business?
As you can see, there are more questions than answers. The future is quite uncertain.
If you have prepped for disruptions, you’ll be okay…for a while. You will have used up a lot of your stored goods getting through the quarantines, should they occur, and making up for the shortages in stores. This certainly gives you a jump on the crisis, but do you actually have enough for the 18 months to two years of disruption being predicted?
It’s scary to think about surviving an economic depression, especially after we in America have been more or less pampered for most of our lives. But it’s better to face reality now than to be shocked by it later. Knowing ahead of time can prevent financial mistakes you’ll regret for years.
Things are going to look a lot different in 2021 than they did in 2019. Remember that we are the children and grandchildren of those who survived the Great Depression. We will get through this.
How do you survive in an economy like this?
I know the things I’ve laid out here are alarming, maybe even terrifying. You may be wondering how in the world you can survive.
Well, you can. This has happened before, maybe not on such a massive scale, but there have been other recessions and depressions. People have lived through drastic changes in their circumstances. I’m not suggesting it’s easy but it is possible.
Right now, cut your expenses . You need to stop making purchases that are frivolous. You need to get rid of gym memberships, third phones, and subscription boxes. Make these cuts now. Ignore anyone who tells you that you are further damaging the economy by these cuts – they aren’t the ones who are going to feed your family.
. You need to stop making purchases that are frivolous. You need to get rid of gym memberships, third phones, and subscription boxes. Make these cuts now. Ignore anyone who tells you that you are further damaging the economy by these cuts – they aren’t the ones who are going to feed your family. Look at your living situation . I’m not suggesting you move right this minute – on the contrary, that would be a nightmare with quarantines and curfews looming. But begin to consider whether or not you are living in the most economical way. It’s likely that you will soon see more extended families and friends living together to save on bills. You may need to relocate or you may need to allocate space in your home to others. Again – don’t do it right this second, but start to think about your options.
. I’m not suggesting you move right this minute – on the contrary, that would be a nightmare with quarantines and curfews looming. But begin to consider whether or not you are living in the most economical way. It’s likely that you will soon see more extended families and friends living together to save on bills. You may need to relocate or you may need to allocate space in your home to others. Again – don’t do it right this second, but start to think about your options. Go back to basic skills. Now’s the time to start some seeds and begin figuring out a garden, even if it’s just a few plants on your patio or balcony. Learn to mend and repair things instead of throwing them out and replacing them. Cook from scratch instead of buying processed food or ordering out. Start now to live more simply and focus your spending on the tools required for that.
Now’s the time to start some seeds and begin figuring out a garden, even if it’s just a few plants on your patio or balcony. Learn to mend and repair things instead of throwing them out and replacing them. Cook from scratch instead of buying processed food or ordering out. Start now to live more simply and focus your spending on the tools required for that. Practice hardcore frugality . I’ve written a lot about living inexpensively. You can find the archives here. You need to embrace a thrifty state of mind instead of railing against the system that means you can no longer afford a $6 coffee every morning on your way to work. This may be difficult – anger is a normal response to a change in circumstances that is beyond your control. But the faster you can get past the anger, the sooner you can find a new normal and some peace of mind.
. I’ve written a lot about living inexpensively. You can find the archives here. You need to embrace a thrifty state of mind instead of railing against the system that means you can no longer afford a $6 coffee every morning on your way to work. This may be difficult – anger is a normal response to a change in circumstances that is beyond your control. But the faster you can get past the anger, the sooner you can find a new normal and some peace of mind. Help others. That probably sounds crazy after I just said to cut your expenses, but helping others builds a sense of community and that is essential during difficult times. If you have elderly neighbors, take over a hearty, filling meal or visit with them (once it’s safe to do this.) See if they need anything picked up from the store. Offer a hard-working mom some free babysitting one afternoon so she can just take a nap. If you’re shoveling your own snow, go a little further and shovel somebody else’s walk too.
That probably sounds crazy after I just said to cut your expenses, but helping others builds a sense of community and that is essential during difficult times. If you have elderly neighbors, take over a hearty, filling meal or visit with them (once it’s safe to do this.) See if they need anything picked up from the store. Offer a hard-working mom some free babysitting one afternoon so she can just take a nap. If you’re shoveling your own snow, go a little further and shovel somebody else’s walk too. Create some odd jobs for yourself . When things get to the point where we can get out and do things again, you may find that working a regular job is no longer possible. If you can’t find work, you can come up with odd jobs you can do.
. When things get to the point where we can get out and do things again, you may find that working a regular job is no longer possible. If you can’t find work, you can come up with odd jobs you can do. Stay in contact with creditors. As this all unfolds, staying in touch with the people to whom you owe money is the best way to protect your credit rating and your possessions. They realize everyone is in the same position right now, and many of them will be happy to help if they know you intend to pay them.
As this all unfolds, staying in touch with the people to whom you owe money is the best way to protect your credit rating and your possessions. They realize everyone is in the same position right now, and many of them will be happy to help if they know you intend to pay them. Understand there could be a point when you simply can’t pay your bills. You may end up with the terrible realization that you can’t afford to pay your bills. Of course, you took out credit cards or loans with the full intention of paying the money back, but sometimes circumstances are beyond our control and we have to prioritize survival: keeping a roof over your head, keeping the power on, and having food to eat. If you reach that point, check out this article on how to survive when you can’t pay your bills.
We could be looking at an entirely different version normal when this all shakes out. You can’t completely close down an economy and expect everything to just start back up again in a few months like nothing ever happened.
But you and your family can survive this.


investmentwatchblog--2020-03-20--The Everything Bubble Has Burst… Now Comes the Inflationary Storm

The coronavirus has burst the Everything Bubble .
Regardless of what happens with the economy or the virus , the damage has been done to the massive debt bubble .
Across the board , credit and debt markets have ended their bull markets .
To fight this situation , the Fed has gone NUCLEAR with monetary policy .
In the last three weeks , the Fed has : 5 ) Opened the discount window to the eight largest banks in the US .
If these policies sound familiar , it ’ s because the Fed basically just ran through its @ @ @ @ @ @ @ this time is that instead of taking a year to do this like it did in 2008 , the Fed ran through all of these polices in less than a month .
Thus far , none of these policies have worked .
As I write this Friday morning , stocks have yet to stage a meaningful bounce .
As a result , we are now seeing calls for the Fed to start buying corporate debt and municipal debt .
We are also now beginning to see talk of helicopter money being implemented as @ @ @ @ @ @ @ who can not work due to the coronavirus .
This combined with various stimulus programs will mean TRILLIONS being injected directly into the financial system .
This is all going to unleash inflation .
Bond yields have begun rising , suggesting the bond market is beginning to discount inflation hitting the financial system .
This is telling us that the first round of the crisis , the deflationary collapse , will be ending .
But the second round , the INFLATIONARY tidal wave , is only just beginning .
We just published a @ @ @ @ @ @ @ you can use to make inflation pay ou as it rips through the financial system in the months ahead The report is titled Survive the Inflationary Storm .
And it explains in very simply terms how to make inflation PAY YOU .
We are making just 100 copies available to the public .
To pick up yours , swing by :

by The Phoenix
The coronavirus has burst the Everything Bubble.
Regardless of what happens with the economy or the virus, the damage has been done to the massive debt bubble. Across the board, credit and debt markets have ended their bull markets.
To fight this situation, the Fed has gone NUCLEAR with monetary policy. In the last three weeks, the Fed has:
1) Cut interest rates from 1.25% to 0.15%.
2) Launched a $1 5 trillion repo program.
3) Launched a $700 billion QE program.
4) Begun buying commercial paper debt instruments.
5) Opened the discount window to the eight largest banks in the US.
6) Opened dollar swaps with international central banks.
7) Opened credit windows to the money market funds market.
If these policies sound familiar, it’s because the Fed basically just ran through its entire 2008 playbook. The big difference this time is that instead of taking a year to do this like it did in 2008, the Fed ran through all of these polices in less than a month.
Thus far, none of these policies have worked.
As I write this Friday morning, stocks have yet to stage a meaningful bounce. As a result, we are now seeing calls for the Fed to start buying corporate debt and municipal debt.
We are primarily funded by readers. Please subscribe and donate to support us!
We are also now beginning to see talk of helicopter money being implemented as well, including mailing checks to people who cannot work due to the coronavirus. This combined with various stimulus programs will mean TRILLIONS being injected directly into the financial system.
This is all going to unleash inflation.
Bond yields have begun rising, suggesting the bond market is beginning to discount inflation hitting the financial system.
This is telling us that the first round of the crisis, the deflationary collapse, will be ending. But the second round, the INFLATIONARY tidal wave, is only just beginning.
We just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay ou as it rips through the financial system in the months ahead
The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU.
We are making just 100 copies available to the public.
To pick up yours, swing by:
www.phoenixcapitalmarketing.com/inflationstorm.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research


investmentwatchblog--2020-03-20--Worse Than The 2008 Financial Crisis? Another Day, Even More Bailouts

Late last night ( Wednesday , March 18th , 2020 ) the Fed announced on Twitter a new alphabet soup @ @ @ @ @ another bailout program from 2008 that was dusted off .

Late last night (Wednesday, March 18th, 2020) the Fed announced on Twitter a new alphabet soup bailout program. This is another bailout program from 2008 that was dusted off.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-03-20--Miami Herald: “Thousands partied at this Miami Beach festival. Nine tested positive for coronavirus”

Miami Herald: “Thousands partied at this Miami Beach festival. Nine tested positive for coronavirus” #SpringBreak

A cluster of positive coronavirus cases has been linked to an LGBTQ festival that took place on Miami Beach in @ @ @ @ @ time when concerns over the virus had not yet led to mass cancellations and the @ @ @ @ @ Nine people who attended Winter Party Festival , an annual event that draws thousands of @ @ @ @ @ , have reported testing positive for COVID-19 , the respiratory illness caused by the new @ @ @ @ @ LGBTQ Task Force , which organized the festival .
The week-long “ circuit ” party @ @ @ @ @ across the Miami metro area March 4-10 .
Organizers had previously announced that one attendee @ @ @ @ @ Hill : “ Multiple attendees at LGBTQ festival in Miami test positive for coronavirus ” @ @ @ @ @ Winter Party Festival in Miami have reported cases of the coronavirus following the event that @ @ @ @ @

A cluster of positive coronavirus cases has been linked to an LGBTQ festival that took place on Miami Beach in early March, at a time when concerns over the virus had not yet led to mass cancellations and the upending of ordinary life.
Nine people who attended Winter Party Festival, an annual event that draws thousands of gay men to Miami Beach, have reported testing positive for COVID-19, the respiratory illness caused by the new coronavirus, according to the LGBTQ Task Force, which organized the festival.
The week-long “circuit” party was held at multiple venues across the Miami metro area March 4-10. Organizers had previously announced that one attendee reported testing positive.
www.miamiherald.com/news/local/community/miami-dade/miami-beach/article241347726.html
The Hill: “Multiple attendees at LGBTQ festival in Miami test positive for coronavirus”
We are primarily funded by readers. Please subscribe and donate to support us!
Several attendees at the annual Winter Party Festival in
Miami have reported cases of the coronavirus following the
event that occurred earlier this month.
thehill.com/policy/healthcare/public-global-health/488206-multiple-attendees-at-lgbtq-festival-in-miami-test
VIDEO: CBS News: Spring Breakers: We Don’t Care About Coronavirus (24+ Million views)
“If I get corona, I get corona. At the end of the day, I'm not gonna let it stop me from partying”: Spring breakers are still flocking to Miami, despite coronavirus warnings. t.co/KoYKI8zNDH pic.twitter.com/rfPfea1LrC — CBS News (@CBSNews) March 18, 2020
h/t dr0id


investmentwatchblog--2020-03-20--The New FICO Score Is Coming: How To Prepare

With a worldwide pandemic taking place , the economy is taking a nose-dive into a recession .
The unfortunate turn in events has many people worried about their financial future as companies begin their rounds of layoffs .
Unfortunately , this chain of events happened after FICO , or the Fair Isaac Corporation , had already announced that their current FICO score was going to be updated in the summer of 2020 .
According to FICO , the score would predict a more accurate representation of the borrower ’ s financial state .
Because of the change , there ’ @ @ @ @ @ @ @ see a downgrade in their scores .
These are tough economic times as the economy is slowing down , so how can Americans protect their credit score during volatile times ?
Here are a few ways to prepare .
We all know that it ’ s important to check your credit report a few times a year to keep your score updated .
However , if you ’ re a business owner , you may not realize that it ’ s equally as important to check your business credit report .
According to @ @ @ @ @ @ @ % of small business owners struggle with cash flow and need funding , which is highly influenced by their business credit score .
Whether for business or not , checking your credit report is one of the preventative measures in keeping your score up .
One reason is that you need to check your report for any errors or false information .
Without an accurate report , your personal and business credit score could be greatly impacted by a mistake and lower your chances of loan approval .
Companies such as Star Credit @ @ @ @ @ @ @ offer you a consultation to see if credit repair is right for you and your business .
• None Build up your credit score with a secured credit card There are a couple of reasons why secured credit cards are helpful for building up your credit .
Unlike unsecured credit cards , secured credit cards have a credit limit that is based on a cash deposit you make .
Let ’ s say you decide to open a secured credit card and make a deposit of $ 5,000 .
Whenever you swipe your @ @ @ @ @ @ @ of your account , lowering your credit limit .
When you pay off your debt , then your credit limit returns to $ 5,000 .
The reason why secured credit cards are safer than an unsecured credit card is that the secured card is backed by your cash which serves as collateral .
If you don ’ t pay off your credit card debt , the lender uses your cash deposit to cover the debt .
You also receive your deposit back when you close out the account .
Secured credit cards are @ @ @ @ @ @ @ their credit until they can qualify for an unsecured credit card .
Even if you ’ re not If you ’ re making all your payments on time , did you know that over swiping your credit card can affect your credit score ?
In fact , financial experts recommend keeping your usage ratio under 30 % .
This ratio is known as your credit utilization , which measures your overall credit limit with your amount of credit usage .
To calculate your credit utilization ratio , you take your credit usage amount @ @ @ @ @ @ @ amount .
Then you ’ ll take the resulting amount and multiply it by 100 % , which will give you your percentage .
For example , if you have a $ 5,000 credit limit , and your spending is $ 1,000 , your credit utilization ratio will be 20 % .
Users with a credit limit of $ 5,000 will want to keep their usage under $ 1,500 in order to keep the utilization percentage under 30 % .
Any more than that can cause a negative effect on your credit score @ @ @ @ @ @ @ their new algorithm for estimating credit scores , Americans nationwide will , no doubt , be nervous about the change .
As the market continues in its volatility , Americans should take note of these above tips and put them into practice before the major changes take place in the summer .
Disclaimer : This content does not necessarily represent the views of IWB .

With a worldwide pandemic taking place, the economy is taking a nose-dive into a recession. The unfortunate turn in events has many people worried about their financial future as companies begin their rounds of layoffs. Unfortunately, this chain of events happened after FICO, or the Fair Isaac Corporation, had already announced that their current FICO score was going to be updated in the summer of 2020. According to FICO, the score would predict a more accurate representation of the borrower’s financial state. Because of the change, there’s a likely chance many Americans will see a downgrade in their scores. These are tough economic times as the economy is slowing down, so how can Americans protect their credit score during volatile times? Here are a few ways to prepare.
Check your credit report for errors
We all know that it’s important to check your credit report a few times a year to keep your score updated. However, if you’re a business owner, you may not realize that it’s equally as important to check your business credit report. According to small business statistics in 2019, 33% of small business owners struggle with cash flow and need funding, which is highly influenced by their business credit score. Whether for business or not, checking your credit report is one of the preventative measures in keeping your score up. One reason is that you need to check your report for any errors or false information. Without an accurate report, your personal and business credit score could be greatly impacted by a mistake and lower your chances of loan approval. Companies such as Star Credit Repair ranks credit repair companies and can offer you a consultation to see if credit repair is right for you and your business.
Build up your credit score with a secured credit card
There are a couple of reasons why secured credit cards are helpful for building up your credit. Unlike unsecured credit cards, secured credit cards have a credit limit that is based on a cash deposit you make. Let’s say you decide to open a secured credit card and make a deposit of $5,000. Whenever you swipe your card, the money is taken out of your account, lowering your credit limit. When you pay off your debt, then your credit limit returns to $5,000. The reason why secured credit cards are safer than an unsecured credit card is that the secured card is backed by your cash which serves as collateral. If you don’t pay off your credit card debt, the lender uses your cash deposit to cover the debt. You also receive your deposit back when you close out the account. Secured credit cards are safer and can help borrowers build up their credit until they can qualify for an unsecured credit card.
Watch your credit utilization
Even if you’re not If you’re making all your payments on time, did you know that over swiping your credit card can affect your credit score? In fact, financial experts recommend keeping your usage ratio under 30%. This ratio is known as your credit utilization, which measures your overall credit limit with your amount of credit usage. To calculate your credit utilization ratio, you take your credit usage amount and divide it by your credit limit amount. Then you’ll take the resulting amount and multiply it by 100%, which will give you your percentage. For example, if you have a $5,000 credit limit, and your spending is $1,000, your credit utilization ratio will be 20%. Users with a credit limit of $5,000 will want to keep their usage under $1,500 in order to keep the utilization percentage under 30%. Any more than that can cause a negative effect on your credit score.
We are primarily funded by readers. Please subscribe and donate to support us!
Final Thoughts
As FICO gets ready to release their new algorithm for estimating credit scores, Americans nationwide will, no doubt, be nervous about the change. As the market continues in its volatility, Americans should take note of these above tips and put them into practice before the major changes take place in the summer.
Disclaimer: This content does not necessarily represent the views of IWB.


investmentwatchblog--2020-03-20--Fed Printing $75 Billion A Day! But the Global Economy Falls Into Recession Rapidly!

Do you think that most central banks will eventually buy stocks ?
The central banks around the world are still reducing interest rates and printing more money .
The Fed , the ECB , the Bank of England , RBA , and every other central bank are completely exhausting all options .
“ Helicopter ” Ben and Janet Yellen have now suggested the Fed go where they have never been before .
This is going to be wild .
Coronavirus markets : Bank of America says the recession already here Ben Bernanke and Janet Yellen urge the Fed to buy @ @ @ @ @ @ @ Index Slumps by Most on Record Bank of England ’ s QE programme is bigger than the City expected | World news | The Guardian ( 1 ) Viraj Patel on Twitter : “ Go big or go home from Bank of England .
15bps cut & £200bn QE ( mainly govt bonds ) .
Big purchases .
BoE previously saw QE as a credit-easing measure too at times of market stress .
So makes sense .
BoE have now laid their cards on the table .
Not a lot left in the @ @ @ @ @ @ @ Twitter Monetary Policy Summary for the special Monetary Policy Committee meeting on 19 March 2020 | Bank of England The Time for 50-Year Treasuries May Have Finally Come – BNN Bloomberg Consumers Face a Massive Credit Crunch .
Lenders Are Still Figuring Out What To Do .
– WSJ ( 1 ) Sven Henrich on Twitter : “ I think all the excess and reckless monetary policies of the past 11 years are directly responsible for the severity of this crash .
It caused all this TINA nonsense , made people chase , @ @ @ @ @ @ @ unprepared .
And now they left themselves ineffective.
” / Twitter ( 1 ) Kayla Tausche on Twitter : “ As I just reported on @ CNBC — Lawmakers are wary of bailing out Boeing , comparing it to AIG , a company that required government rescue only because of its own risky decisions .
Based on current thinking , WH would have to make an extremely compelling case to change minds.
” / Twitter Investor Ray Dalio : US corporate losses from coronavirus to top $ 4T Global debt hits all-time high @ @ @ @ @ @ @ Senator Dumped Up to $ 1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness — ProPublica

Do you think that most central banks will eventually buy stocks?
The central banks around the world are still reducing interest rates and printing more money. The Fed, the ECB, the Bank of England, RBA, and every other central bank are completely exhausting all options. “Helicopter” Ben and Janet Yellen have now suggested the Fed go where they have never been before. This is going to be wild.
bfm6A3_1.jpg (976×510)
www.zerohedge.com/s3/files/inline-images/bfm6A3_1.jpg?itok=TLPQgu5Z
bfm80B0.jpg (976×509)
www.zerohedge.com/s3/files/inline-images/bfm80B0.jpg?itok=G2YKukKQ
Coronavirus markets: Bank of America says the recession already here
www.cnbc.com/2020/03/19/bank-of-america-says-the-recession-is-already-here-jobs-will-be-lost-wealth-will-be-destroyed.html
wti 3.19.jpg (1153×660)
www.zerohedge.com/s3/files/inline-images/wti%203.19.jpg?itok=Lc6o5plX
Ben Bernanke and Janet Yellen urge the Fed to buy corporate bonds
www.cnbc.com/2020/03/18/ben-bernanke-and-janet-yellen-are-urging-the-fed-to-buy-corporate-bonds.html
^N225 Interactive Stock Chart | Nikkei 225 Stock – Yahoo Finance
finance.yahoo.com/chart/%5EN225Philadelphia Fed Factory Index Slumps by Most on Record
finance.yahoo.com/news/manufacturing-philadelphia-fed-region-drops-123809299.html
Assets: Total Assets: Total Assets (Less Eliminations From Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
fred.stlouisfed.org/series/WALCL
Assets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level (TREAST) | FRED | St. Louis Fed
fred.stlouisfed.org/series/TREAST
Assets: Securities Held Outright: Mortgage-Backed Securities: Wednesday Level (WSHOMCB) | FRED | St. Louis Fed
fred.stlouisfed.org/series/WSHOMCB
2020-03-19_5-54-12.jpg (946×503)
www.zerohedge.com/s3/files/inline-images/2020-03-19_5-54-12.jpg?itok=_kFepuwO
Treasury Securities Operational Details – FEDERAL RESERVE BANK of NEW YORK
www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details
We are primarily funded by readers. Please subscribe and donate to support us!
Bank of England’s QE programme is bigger than the City expected | World news | The Guardian
www.theguardian.com/world/2020/mar/19/bank-of-englands-qe-programme-is-bigger-than-the-city-expected
(1) Viraj Patel on Twitter: “Go big or go home from Bank of England. 15bps cut & £200bn QE (mainly govt bonds). Big purchases. BoE previously saw QE as a credit-easing measure too at times of market stress. So makes sense. BoE have now laid their cards on the table. Not a lot left in the monetary tank $GBP t.co/Bs0ibnsnlr” / Twitter
twitter.com/VPatelFX/status/1240650566658854913?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1240650566658854913&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fbank-england-joins-panic-parade-emergency-rate-cut-01-boosts-qe-ps200
Monetary Policy Summary for the special Monetary Policy Committee meeting on 19 March 2020 | Bank of England
www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2020/monetary-policy-summary-for-the-special-monetary-policy-committee-meeting-on-19-march-2020
Coronavirus: Philippine stock market plummets 24% after trading halt | Markets – Gulf News
gulfnews.com/business/markets/coronavirus-philippine-stock-market-plummets-24-after-trading-halt-1.1584583272412
Australia Cuts Key Rate to 0.25%, Adopts Yield Curve Control – BNN Bloomberg
www.bnnbloomberg.ca/australia-cuts-key-rate-to-0-25-adopts-yield-curve-control-1.1408638
The Time for 50-Year Treasuries May Have Finally Come – BNN Bloomberg
www.bnnbloomberg.ca/the-time-for-50-year-treasuries-may-have-finally-come-1.1408953
Consumers Face a Massive Credit Crunch. Lenders Are Still Figuring Out What To Do. – WSJ
www.wsj.com/articles/consumers-face-a-massive-credit-crunch-lenders-are-still-figuring-out-what-to-do-11584610200
(1) Sven Henrich on Twitter: “I think all the excess and reckless monetary policies of the past 11 years are directly responsible for the severity of this crash. It caused all this TINA nonsense, made people chase, distorted asset prices and left the world unprepared. And now they left themselves ineffective.” / Twitter
twitter.com/NorthmanTrader/status/1240355736842129412
(1) Kayla Tausche on Twitter: “As I just reported on @CNBC — Lawmakers are wary of bailing out Boeing, comparing it to AIG, a company that required government rescue only because of its own risky decisions. Based on current thinking, WH would have to make an extremely compelling case to change minds.” / Twitter
twitter.com/kaylatausche/status/1240703010646319104
Investor Ray Dalio: US corporate losses from coronavirus to top $4T
www.cnbc.com/2020/03/19/investor-ray-dalio-estimates-the-corporate-losses-in-the-us-from-coronavirus-will-top-4-trillion.html
Global debt hits all-time high of nearly $253, IIF says
www.cnbc.com/2020/01/14/global-debt-hits-all-time-high-of-nearly-253-dollars–iif-says.html
Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness — ProPublica
www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness


investmentwatchblog--2020-03-20--Gerald Celente: “It’s Going To Lead Into The ‘Greatest Depression’ If Measures Aren’t Taken To Turn

Gerald Celente: “It’s Going To Lead Into The ‘Greatest Depression’ If Measures Aren’t Taken To Turn It Around”

Gerald Celente : `` IT 'S GOING TO LEAD INTO THE 'GREATEST DEPRESSION ' IF MEASURES ARE N'T TAKEN TO @ @ @ @ @ pic.twitter.com/nu6KU109rG

Gerald Celente: "IT'S GOING TO LEAD INTO THE 'GREATEST DEPRESSION' IF MEASURES AREN'T TAKEN TO TURN IT AROUND" t.co/UqmhPYjlSI pic.twitter.com/nu6KU109rG
— Gerald Celente (@geraldcelente) March 20, 2020