investmentwatchblog--2020-04-25--Summary of United States of America White House Press Briefing – Thursday, April 23, 2020

– We expect the House to pass the Paycheck Protection Program and Health Care Enhancement Act , for 320 billion in relief for the American worker and for small businesses .
– This bill will help small businesses to keep millions of workers on the payroll .
– The bill also includes $ 30 billion to support small lending institutions serving distressed communities , helping countless African American and Hispanic American small businesses .
– In 23 states , new cases have declined in the past week .
– Continue to practice good hygiene , maintain social distance , and @ @ @ @ @ @ @ – The scientists at DHS have released a report offering a number of insights about how the virus reacts to different temperatures , climates , and surfaces .
The findings confirm that the virus survives better in cold or in drier environments and does less well in warmer and more humid environments .
– My administration continues to leverage the Defense Production Act to dramatically increase the manufacture and delivery of critical medical supplies .
We finalized three contracts to produce 39 million more N95 masks in 90 days .
– We also @ @ @ @ @ @ @ personal protective equipment into the United States through our Project Airbridge .
– Top AI experts are now using this wealth of data to gain insights into potential therapies .
– Our hearts are with the families of those who have lost their life to the coronavirus and those who are struggling with serious illness today .
– New York City , New Jersey , Connecticut , Detroit and New Orleans all appear to be past their peak .
– Tomorrow we will hear from Secretary Ben Carson on the progress that the @ @ @ @ @ @ @ making to focus on the impact of the coronavirus on minority communities .
– 4.93 million coronavirus tests having been performed across America .
Yesterday our commercial lab system did more than 100,000 tests in a single day .
So we ’ re beginning to activate all of the capacity .
– In Ohio the FDA approved Thermo Fisher ’ s new extraction reagent which doubled testing in Ohio overnight .
– Governor Tim Walz of Minnesota announced that the Mayo Clinic has produced a breakthrough for rapid , widespread testing , able @ @ @ @ @ @ @ a molecular test per day .
– Governor Greg Abbott of Texas mobilized 1,200 National Guard and 45 teams to provide greater access to testing .
– We are now encouraging states to restart elective surgeries , wherever possible .
– Governor Tom Wolf announced the Plan for Pennsylvania that would begin May 8 , but it requires regions to have fewer than 50 new positive cases per 100,000 for a period of 14 days .
– We ’ re slowing the spread .
We ’ re protecting the most vulnerable .
We @ @ @ @ @ @ @ we are one day closer to opening up America again .
Comments by Under Secretary for Science and Technology , Department of Homeland Security , William Bryan : – S & T ’ s National Biodefense Analysis and Countermeasures Center study is showing that solar light appears to kill the coronavirus .
– The virus is dying at a much more rapid pace , just from exposure to higher temperatures and just from exposure to humidity .
– We believe these trends can support practical decision making to lower the risks associated with @ @ @ @ @ @ @ , bleach will kill the virus in five minutes ; isopropyl alcohol will kill the virus in 30 seconds .
Q1 : Are you going to extend the social distancing guidelines until summer ?
A1 : We may , and we may go beyond that .
Until we feel it ’ s safe .
Q2 : 23 states have cases on the decline .
What does that mean about when the country can be safely reopened to a more normal point ?
A2 : We ’ re going to watch those cases very @ @ @ @ @ @ @ to allow states to declare bankruptcy versus the aid .
Thoughts ?
A3 : I ’ ve been talking to a lot of the different senators .
We are looking into it .
Q4 : How should governors who are opening their states , working on that , will incorporate the findings of this study into those guidelines ?
A4 : ( Secretary Bryan ) I would leave that up to the governors .
Q5 : How much more time would it take to have conclusive results that could be used here ?
@ @ @ @ @ @ @ your counterparts and other foreign governments or in private industry who might have been studying the same thing ?
And do their findings show the same result that you found here ?
Q7 : What would you and other areas that the government need to do on testing , for example , or other things like that to be prepared if it came back in the fall ?
A7 : ( Vice President Pence ) We are increasing tests , air bridge flights are continuing to bring PPE supplies , development of therapeutics @ @ @ @ @ @ @ development .
We will be prepared .
Q8 : Why have you stopped promoting hydroxychloroquine as a cure ?
A8 : I haven ’ t at all .
Some results are good , and some are not so good .
Q9 : We are over 26 million new jobless claims over five weeks .
What do your economists tell you about the time it ’ s going to take to you and the U.S. to create the jobs back ?
A9 : I think our economy will start to pick up very substantially @ @ @ @ @ @ @ open .
Q10 : Dr. Fauci said that the U.S. is not in a situation that we have enough testing capacity .
A10 : More test types are coming online , Abbott for example .
Q11 : Do you agree with Mitch McConnell saying the next bill will be a “ blue state ” bailout ?
A11 : We ’ re looking to do what ’ s right for the people of this country .
Some states have not done very well for many years , long before the virus came .
Q12 @ @ @ @ @ @ @ of state and local bailout money ?
A12 : Yes .
We are going to help the states , in different ways .
Q13 : Considering that this virus has had an outbreak in Singapore , places that are hot and humid , is the sun light , heat and humidity going to make the virus go away ?
A13 : I ’ m just here to present talent .
I ’ m here to present ideas , because we want ideas to get rid of this thing .
And if heat is @ @ @ @ @ @ @ that ’ s a great thing as far as I ’ m concerned .
Q14 : How close do you think we are with a vaccine ?
Q15 : You spoke to Boris Johnson this week .
How did he sound ?
Q17 : Could you talk about your decision-making process with the governor of Georgia ?
A17 : I didn ’ t like the fact that he ’ s leaving certain things closed .
I want the states to open more than he does .
Q18 : Are you concerned about the @ @ @ @ @ @ @ the flu and the coronavirus are coming back , that a bunch of people would not go out and vote ?
A18 : Yeah , that ’ s a problem .
I ’ m doing fine , because the people see we ’ re doing a great job .
And you know what ?
We ’ ll continue to do a great job .
If we had an honest press , this country would be even greater .

by scc14433
Comments by President Trump:
– We expect the House to pass the Paycheck Protection Program and Health Care Enhancement Act, for 320 billion in relief for the American worker and for small businesses.
– This bill will help small businesses to keep millions of workers on the payroll.
– The bill also includes $30 billion to support small lending institutions serving distressed communities, helping countless African American and Hispanic American small businesses.
– In 23 states, new cases have declined in the past week.
– Continue to practice good hygiene, maintain social distance, and the voluntary use of face covering.
– The scientists at DHS have released a report offering a number of insights about how the virus reacts to different temperatures, climates, and surfaces. The findings confirm that the virus survives better in cold or in drier environments and does less well in warmer and more humid environments.
– My administration continues to leverage the Defense Production Act to dramatically increase the manufacture and delivery of critical medical supplies. We finalized three contracts to produce 39 million more N95 masks in 90 days.
– We also have airlifted nearly 750 million pieces of personal protective equipment into the United States through our Project Airbridge.
– Top AI experts are now using this wealth of data to gain insights into potential therapies.
Comments by Vice President Pence:
– Our hearts are with the families of those who have lost their life to the coronavirus and those who are struggling with serious illness today.
– New York City, New Jersey, Connecticut, Detroit and New Orleans all appear to be past their peak.
– Tomorrow we will hear from Secretary Ben Carson on the progress that the White House Opportunity and Revitalization Council is making to focus on the impact of the coronavirus on minority communities.
– 4.93 million coronavirus tests having been performed across America. Yesterday our commercial lab system did more than 100,000 tests in a single day. So we’re beginning to activate all of the capacity.
– In Ohio the FDA approved Thermo Fisher’s new extraction reagent which doubled testing in Ohio overnight.
– Governor Tim Walz of Minnesota announced that the Mayo Clinic has produced a breakthrough for rapid, widespread testing, able to test more than 20,000 people using a molecular test per day.
– Governor Greg Abbott of Texas mobilized 1,200 National Guard and 45 teams to provide greater access to testing.
– We are now encouraging states to restart elective surgeries, wherever possible.
– 16 states have released formal reopening plans.
– Governor Tom Wolf announced the Plan for Pennsylvania that would begin May 8, but it requires regions to have fewer than 50 new positive cases per 100,000 for a period of 14 days.
– We’re slowing the spread. We’re protecting the most vulnerable. We’re saving lives. Every day we are one day closer to opening up America again.
Comments by Under Secretary for Science and Technology, Department of Homeland Security, William Bryan:
– S&T’s National Biodefense Analysis and Countermeasures Center study is showing that solar light appears to kill the coronavirus.
– Similar effect with temperature and humidity.
– The virus is dying at a much more rapid pace, just from exposure to higher temperatures and just from exposure to humidity.
– We believe these trends can support practical decision making to lower the risks associated with the virus.
– On a surface, bleach will kill the virus in five minutes; isopropyl alcohol will kill the virus in 30 seconds.
Questions from the White House Press Pool:
Q1: Are you going to extend the social distancing guidelines until summer?
A1: We may, and we may go beyond that. Until we feel it’s safe.
Q2: 23 states have cases on the decline. What does that mean about when the country can be safely reopened to a more normal point?
A2: We’re going to watch those cases very carefully.
We are primarily funded by readers. Please subscribe and donate to support us!
Q3: Senator McConnell suggested to allow states to declare bankruptcy versus the aid. Thoughts?
A3: I’ve been talking to a lot of the different senators. We are looking into it.
Q4: How should governors who are opening their states, working on that, will incorporate the findings of this study into those guidelines?
A4: (Secretary Bryan) I would leave that up to the governors.
Q5: How much more time would it take to have conclusive results that could be used here?
A5: Soon.
Q6: Have you compared notes with your counterparts and other foreign governments or in private industry who might have been studying the same thing? And do their findings show the same result that you found here?
A6: We have.
Q7: What would you and other areas that the government need to do on testing, for example, or other things like that to be prepared if it came back in the fall?
A7: (Vice President Pence) We are increasing tests, air bridge flights are continuing to bring PPE supplies, development of therapeutics by pharmaceutical companies continues, and vaccine development. We will be prepared.
Q8: Why have you stopped promoting hydroxychloroquine as a cure?
A8: I haven’t at all. Some results are good, and some are not so good.
Q9: We are over 26 million new jobless claims over five weeks. What do your economists tell you about the time it’s going to take to you and the U.S. to create the jobs back?
A9: I think our economy will start to pick up very substantially, as soon as the states get open.
Q10: Dr. Fauci said that the U.S. is not in a situation that we have enough testing capacity.
A10: More test types are coming online, Abbott for example.
Q11: Do you agree with Mitch McConnell saying the next bill will be a “blue state” bailout?
A11: We’re looking to do what’s right for the people of this country. Some states have not done very well for many years, long before the virus came.
Q12: Are you open to this idea of state and local bailout money?
A12: Yes. We are going to help the states, in different ways.
Q13: Considering that this virus has had an outbreak in Singapore, places that are hot and humid, is the sun light, heat and humidity going to make the virus go away?
A13: I’m just here to present talent. I’m here to present ideas, because we want ideas to get rid of this thing. And if heat is good and if sunlight is good, that’s a great thing as far as I’m concerned.
Q14: How close do you think we are with a vaccine?
A14: Soon.
Q15: You spoke to Boris Johnson this week. How did he sound?
A15: He sounded incredible. Tremendous energy.
Q16: How is Kim Jong Un?
A16: I hope he’s OK.
Q17: Could you talk about your decision-making process with the governor of Georgia?
A17: I didn’t like the fact that he’s leaving certain things closed. I want the states to open more than he does.
Q18: Are you concerned about the November election, given the risk that the flu and the coronavirus are coming back, that a bunch of people would not go out and vote?
A18: Yeah, that’s a problem. I’m doing fine, because the people see we’re doing a great job. And you know what? We’ll continue to do a great job. If we had an honest press, this country would be even greater.
5:48pm EDT – 6:52pm EDT (1:04 duration)


investmentwatchblog--2020-04-25--Denver Health Executives Get Bonuses 1 Week After Workers Asked To Take Cuts

DENVER ( CBS4 ) – Top executives at Denver Health Medical Center received significant bonuses this month for their performance @ @ @ @ @ $ 50,000 up to $ 230,000 , one week after frontline hospital workers were asked @ @ @ @ @ pay or reduce their hours as the hospital dealt with the financial downturn resulting from @ @ @ @ @ April 3 , Denver Health CEO Robin Wittenstein emailed hospital workers noting “ the current @ @ @ @ @ ” She announced a hiring freeze and asked employees to voluntarily take leave without pay @ @ @ @ @ or reduce their normal work week .
“ The goal is to reduce our total @ @ @ @ @ to lay off employees or implement mandatory PTO/furloughs , ” wrote Wittenstein .
She said @ @ @ @ @ mandating workers to use their paid time off , mandatory leave without pay and other @ @ @ @ @ is to avoid these extreme measures if at all possible , ” she wrote .

DENVER (CBS4)– Top executives at Denver Health Medical Center received significant bonuses this month for their performance in 2019, ranging from $50,000 up to $230,000, one week after frontline hospital workers were asked to voluntarily take leave without pay or reduce their hours as the hospital dealt with the financial downturn resulting from the coronavirus pandemic.
On April 3, Denver Health CEO Robin Wittenstein emailed hospital workers noting “the current situation will stress us financially.”
She announced a hiring freeze and asked employees to voluntarily take leave without pay, use personal time off or reduce their normal work week.
“The goal is to reduce our total salary expense without the need to lay off employees or implement mandatory PTO/furloughs,” wrote Wittenstein.
We are primarily funded by readers. Please subscribe and donate to support us!
She said the hospital was also considering mandating workers to use their paid time off, mandatory leave without pay and other steps.
“The goal is to avoid these extreme measures if at all possible,” she wrote.
denver.cbslocal.com/2020/04/24/coronavirus-denver-health-bonus-ceo-pay-cuts/?_gl=1*1285awo*_ga*MHRlVDFxZ2NVejdHQlNiVFJ2MHhIVVZ1LXctX3lDeGpBVENmSmN4c1NMQ1FSWkswWVN2MnVqS2NJcGhzaFVzQw..


investmentwatchblog--2020-04-25--Coronavirus is spreading through rural South’s high-risk population – reopening economies will make

Coronavirus is spreading through rural South’s high-risk population – reopening economies will make it worse

In the rural South , the COVID-19 pandemic is becoming a silent disaster .
As rural residents commute to jobs in cities and transportation hubs , they ’ re being exposed to the virus and bringing it home to a population already at risk .
Chronic diseases that can lead to more severe COVID-19 symptoms are common across the rural South .
The population is older and poorer than much of the country , and the health care system has been deteriorating for years as hospitals lose staff and close .
Despite the population ’ s vulnerability , Southern states @ @ @ @ @ @ @ federal and international recommendations around COVID-19 protective measures .
Most of the states ’ delays and refusals to enact “ shelter-at-home ” policies were tied to economic arguments .
Now , governors are using the same economic reasons for loosening those restrictions .
Georgia Gov .
Brian Kemp called for reopening several types of businesses including hair salons starting Friday and restaurants and even theaters starting Monday , despite concerns from public health officials .
Mississippi is also considering lifting its shelter-at-home orders for economic reasons .
When that happens , service workers @ @ @ @ @ @ @ will find themselves at greater risk .
As University of Mississippi sociologists who work with rural communities on a range of resilience issues , especially health , we are concerned about the economic and health consequences of returning to business before the region is prepared to protect its residents .

In the rural South, the COVID-19 pandemic is becoming a silent disaster.
As rural residents commute to jobs in cities and transportation hubs, they’re being exposed to the virus and bringing it home to a population already at risk.
Chronic diseases that can lead to more severe COVID-19 symptoms are common across the rural South. The population is older and poorer than much of the country, and the health care system has been deteriorating for years as hospitals lose staff and close.
Despite the population’s vulnerability, Southern states have been a stronghold of resistance to federal and international recommendations around COVID-19 protective measures. Most of the states’ delays and refusals to enact “shelter-at-home” policies were tied to economic arguments.
We are primarily funded by readers. Please subscribe and donate to support us!
Now, governors are using the same economic reasons for loosening those restrictions. Georgia Gov. Brian Kemp called for reopening several types of businesses including hair salons starting Friday and restaurants and even theaters starting Monday, despite concerns from public health officials. Mississippi is also considering lifting its shelter-at-home orders for economic reasons. When that happens, service workers, once partially protected from exposure, will find themselves at greater risk.
As University of Mississippi sociologists who work with rural communities on a range of resilience issues, especially health, we are concerned about the economic and health consequences of returning to business before the region is prepared to protect its residents.
theconversation.com/coronavirus-is-spreading-through-rural-souths-high-risk-population-reopening-economies-will-make-it-worse-136817


investmentwatchblog--2020-04-25--LIFE AND DEATH IN CUOMO’S NEW YORK:

LIFE AND DEATH IN CUOMO’S NEW YORK:

New York refused to send nursing home ’ s COVID-19 patients to nearly empty USNS Comfort .
New York health officials were warned in writing that a Brooklyn nursing home where 55 patients have died of coronavirus was overwhelmed — weeks before it began topping the state ’ s official list of resident COVID-19 deaths , damning emails show .
Cobble Hill Health Center CEO Donny Tuchman sent a desperate email to state Health Department officials on April 9 , asking if there was “ a way for us to send our suspected covid patients ” to the hospital built @ @ @ @ @ @ @ US Naval hospital ship Comfort — the under-utilized federal medical facilities on Manhattan ’ s West Side .
“ We don ’ t have the ability to cohort right now based on staffing and we really want to protect our other patients , ” Tuchman wrote in a chain of the emails reviewed by The Post .
“ I was told those facilities were only for hospitals ” to send their overflow patients , Tuchman said .
At the time Tuchman sent his plea , only 134 of the 1,000 beds at the @ @ @ @ @ @ @ — which had just been reconfigured to treat up to 500 COVID-19 patients — had a mere 62 on board .
Adding insult to injury , the Navy hospital ship wound up treating just 179 patients before Gov .
Cuomo on Tuesday said it was no longer needed .

New York refused to send nursing home’s COVID-19 patients to nearly empty USNS Comfort.
New York health officials were warned in writing that a Brooklyn nursing home where 55 patients have died of coronavirus was overwhelmed — weeks before it began topping the state’s official list of resident COVID-19 deaths, damning emails show.
Cobble Hill Health Center CEO Donny Tuchman sent a desperate email to state Health Department officials on April 9, asking if there was “a way for us to send our suspected covid patients” to the hospital built inside the Javits Convention Center or the US Naval hospital ship Comfort — the under-utilized federal medical facilities on Manhattan’s West Side.
“We don’t have the ability to cohort right now based on staffing and we really want to protect our other patients,” Tuchman wrote in a chain of the emails reviewed by The Post.
He was denied.
“I was told those facilities were only for hospitals” to send their overflow patients, Tuchman said.
At the time Tuchman sent his plea, only 134 of the 1,000 beds at the Javits Center were full and the Comfort — which had just been reconfigured to treat up to 500 COVID-19 patients — had a mere 62 on board.
Adding insult to injury, the Navy hospital ship wound up treating just 179 patients before Gov. Cuomo on Tuesday said it was no longer needed.


investmentwatchblog--2020-04-25--Massive turnout at the #ReopenAmerica Protest in Madison, Wisconsin. #endthelockdown

Massive turnout at the # ReopenAmerica Protest in Madison , Wisconsin .
# endthelockdown pic.twitter.com/dqPvu4jCFB

Massive turnout at the #ReopenAmerica Protest in Madison, Wisconsin. #endthelockdown pic.twitter.com/dqPvu4jCFB
— Reopen the Economy Now (@ReopenEconomy) April 24, 2020


investmentwatchblog--2020-04-25--CDC’s Numbers 100% Destroyed by Street Dude With a Piece of Cardboard

If they ’ re not interested in getting the numbers right…what else are they lying to us about ?
Answer @ @ @ @ @ of Homeland Security research shows that sunlight , heat and humidity slow COVID-19 .
Dr. @ @ @ @ @

If they’re not interested in getting the numbers right…what else are they lying to us about? Answer: EVERYTHING!!
We are primarily funded by readers. Please subscribe and donate to support us!
Department of Homeland Security research shows that sunlight, heat and humidity slow COVID-19. Dr. Marc Siegel weighs in.


investmentwatchblog--2020-04-25--The Bursting of the Australian Real Estate Bubble – Special Report with Mike Maloney

Today ’ s special presentation is a textbook example of the consequences of a ‘ government-mandated ’ bubble .
This is not just for Australians , everybody needs to watch this video because this kind of situation is coming to a government near you sooner rather than later .
In 2013 Mike Maloney visited Sydney and Melbourne and gave presentations warning investors of the immense scale of the local Real Estate Bubble .
This was compounded by two major factors – Australia ’ s reliance on China for export income , and the insane size of their banking sector when @ @ @ @ @ @ @ .
As Mike said at the time , ‘ When China sneezes , Australia catches a cold.
’ Well , China sneezed…and Australians are now staring down the barrel of their first recession in a generation.Mike Maloney had written a chapter on the Australian Real Estate bubble for his latest book , still a work in progress .
But because of the fast-changing pace of the situation in Australia , he decided to release it immediately as a video , a final warning to Australians to start researching , get prepared , and @ @ @ @ @ @ @ this video with your friends and family .
Good luck.Mike has also made his previous best-selling book available for free as a download , get it here : goldsilver.com/freebook Thanks for sharing and clicking that ‘ Like ’ button .
For those wondering why our videos don ’ t appear in their subscription feed immediately – we release our clips to our free weekly email readers first , then later we publish to YouTube .
Sometimes it ’ s just hours , sometimes it ’ s a couple of days later .
This @ @ @ @ @ @ @ free newsletter – because one day , we may not have YouTube to rely on .
Join our free newsletter list by going to goldsilver.com/ and entering your email address in the ‘ Get Market Alerts ’ box at the bottom of the page .
As always , thank you for your support .
M .

Today’s special presentation is a textbook example of the consequences of a ‘government-mandated’ bubble. This is not just for Australians, everybody needs to watch this video because this kind of situation is coming to a government near you sooner rather than later.
In 2013 Mike Maloney visited Sydney and Melbourne and gave presentations warning investors of the immense scale of the local Real Estate Bubble. This was compounded by two major factors – Australia’s reliance on China for export income, and the insane size of their banking sector when measured as a percentage of their GDP. As Mike said at the time, ‘When China sneezes, Australia catches a cold.’ Well, China sneezed…and Australians are now staring down the barrel of their first recession in a generation.Mike Maloney had written a chapter on the Australian Real Estate bubble for his latest book, still a work in progress. But because of the fast-changing pace of the situation in Australia, he decided to release it immediately as a video, a final warning to Australians to start researching, get prepared, and buckle up. Thank you for sharing this video with your friends and family. Good luck.Mike has also made his previous best-selling book available for free as a download, get it here: goldsilver.com/freebook
Thanks for sharing and clicking that ‘Like’ button. For those wondering why our videos don’t appear in their subscription feed immediately – we release our clips to our free weekly email readers first, then later we publish to YouTube. Sometimes it’s just hours, sometimes it’s a couple of days later. This is to encourage people to join our free newsletter – because one day, we may not have YouTube to rely on. Join our free newsletter list by going to goldsilver.com/ and entering your email address in the ‘Get Market Alerts’ box at the bottom of the page. As always, thank you for your support. M.
We are primarily funded by readers. Please subscribe and donate to support us!


investmentwatchblog--2020-04-25--Coronavirus Explained: how the virus will hit the poorest people on the planet

Covid-19 is devastating countries across the globe , with some of the wealthiest nations struggling to contain the spread of @ @ @ @ @ the number of cases continue to soar , how are countries with higher poverty rates @ @ @ @ @ the outbreak ?
From Bangladesh to Venezuela , we take a look at how they @ @ @ @ @ it ’ s enough to help the most vulnerable .

Covid-19 is devastating countries across the globe, with some of the wealthiest nations struggling to contain the spread of the virus.
But as the number of cases continue to soar, how are countries with higher poverty rates or lower GDPs dealing with the outbreak?
We are primarily funded by readers. Please subscribe and donate to support us!
From Bangladesh to Venezuela, we take a look at how they’re coping and whether it’s enough to help the most vulnerable.


investmentwatchblog--2020-04-25--Washington state’s ‘Green River Serial Killer,’ other inmates denied coronavirus release in 5-4 vote

One Stinking Vote .
That ’ s all that ’ s keeping Gary Ridgeway off the streets again .
He @ @ @ @ @ women .
What the hell are they thinking ?
?
?
In a 5-4 vote @ @ @ @ @ Court of Washington rejected a lawsuit calling for the release of thousands of inmates to @ @ @ @ @ the coronavirus , according to reports .
Those narrowly missing a shot at freedom included @ @ @ @ @ “ Green River Killer , ” who in 2003 was sentenced to life in prison @ @ @ @ @ many as 49 women in the 1980s , Seattle ’ s KIRO radio reported .
@ @ @ @ @ for serial killer and others in 5-4 vote over coronavirus WA State is majorly fucked @ @ @ @ @ justices thought it would be a great idea , probably humane even , to put @ @ @ @ @ the streets .

One Stinking Vote. That’s all that’s keeping Gary Ridgeway off the streets again. He killed between 49 and 80 women.
Corona Madness!
What the hell are they thinking???
In a 5-4 vote Thursday, the state Supreme Court of Washington rejected a lawsuit calling for the release of thousands of inmates to help stem the spread of the coronavirus, according to reports.
Those narrowly missing a shot at freedom included Gary Ridgway, the so-called “Green River Killer,” who in 2003 was sentenced to life in prison after confessing to killing as many as 49 women in the 1980s, Seattle’s KIRO radio reported.
We are primarily funded by readers. Please subscribe and donate to support us!
www.foxnews.com/us/washington-states-green-river-killer-other-inmates-denied-coronavirus-release-in-5-4-vote
Washington Supreme Court denies release for serial killer and others in 5-4 vote over coronavirus
www.washingtonexaminer.com/news/washington-supreme-court-denies-release-for-serial-killer-and-others-in-5-4-vote-over-coronavirus
WA State is majorly fucked up. 4 supreme court justices thought it would be a great idea, probably humane even, to put that monster back out on the streets.
AO


investmentwatchblog--2020-04-25--Here, the head of the media arm of the Chinese Communist Party continues to effectively campaign aga

Here, the head of the media arm of the Chinese Communist Party continues to effectively campaign against President Trump.

Here , the head of the media arm of the Chinese Communist Party continues to effectively campaign against Pres Trump .
Suddenly , Dems and media unconcerned with foreign election meddling !
@ HuXijin_GT You “ strongly believe ” ？Is that all , @ SecPompeo ?
I strongly believe that the US administration has repeatedly conspired to pass the buck to China .
I also strongly believe that in order to win the re-election , you have even worse tricks planned , and it ’ s a crime .
Cruz Seeks to Shut Down Chinese Propaganda Station Phoenix TV & @ @ @ @ @ @ @ Sen. Ted Cruz ( R. , Texas ) is set to unveil legislation that would stop China ’ s Communist Party from exploiting loopholes in U.S. laws that critics say have enabled it to beam propaganda into America through a radio station connected to a state-controlled press organ , according to a copy of the legislation exclusively obtained by the Washington Free Beacon .
Cruz ’ s bill , the first of its kind , was sparked by the purchase of a radio station connected to Phoenix TV—an outlet owned by the Chinese @ @ @ @ @ @ @ in Mexico to beam Chinese-language propaganda into the United States .
The Mexican station was purchased in 2018 by an investment group with ties to China and is now running communist propaganda produced by Phoenix TV .
Phoenix TV drew the ire of Republican lawmakers and others earlier this year when one of its reporters confronted President Donald Trump during a White House briefing about the coronavirus pandemic .
Lawmakers such as Cruz raised objections to the White House granting access to a reporter working for an adversarial regime .

Here, the head of the media arm of the Chinese Communist Party continues to effectively campaign against Pres Trump. Suddenly, Dems and media unconcerned with foreign election meddling!
amgreatness.com/2020/04/21/china-meddles-in-our-election-in-favor-of-biden/
@HuXijin_GT
You “strongly believe”？Is that all,
@SecPompeo
? I strongly believe that the US administration has repeatedly conspired to pass the buck to China. I also strongly believe that in order to win the re-election, you have even worse tricks planned, and it’s a crime.
You "strongly believe"？Is that all, @SecPompeo? I strongly believe that the US administration has repeatedly conspired to pass the buck to China. I also strongly believe that in order to win the re-election, you have even worse tricks planned, and it's a crime. t.co/uFjqaHcczd — Hu Xijin 胡锡进 (@HuXijin_GT) April 24, 2020
Cruz Seeks to Shut Down Chinese Propaganda Station Phoenix TV & Prevent China From Purchasing Other News Outlets
Sen. Ted Cruz (R., Texas) is set to unveil legislation that would stop China’s Communist Party from exploiting loopholes in U.S. laws that critics say have enabled it to beam propaganda into America through a radio station connected to a state-controlled press organ, according to a copy of the legislation exclusively obtained by the Washington Free Beacon.
We are primarily funded by readers. Please subscribe and donate to support us!
Cruz’s bill, the first of its kind, was sparked by the purchase of a radio station connected to Phoenix TV—an outlet owned by the Chinese government—that is now using a broadcast tower in Mexico to beam Chinese-language propaganda into the United States. The Mexican station was purchased in 2018 by an investment group with ties to China and is now running communist propaganda produced by Phoenix TV.
Phoenix TV drew the ire of Republican lawmakers and others earlier this year when one of its reporters confronted President Donald Trump during a White House briefing about the coronavirus pandemic. Lawmakers such as Cruz raised objections to the White House granting access to a reporter working for an adversarial regime.
freebeacon.com/national-security/cruz-seeks-to-shut-down-chinese-propaganda-station-phoenix-tv/
h/t Builder


investmentwatchblog--2020-04-25--New North American trade deal to take effect July 1, US says

# BREAKING New North American trade deal to take effect July 1 , US says pic.twitter.com/jXPwbOhn8h U.S. Trade Representative Robert @ @ @ @ @ has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1 @ @ @ @ @ initially proposed .
In a statement , Lighthizer said both Mexico and Canada had taken @ @ @ @ @ their commitments under the U.S.-Mexico-Canada Agreement ( USMCA ) , which replaces the 26-year-old North @ @ @ @ @ NAFTA ) .
WHAT IS THE USMCA ?
Some industries , including automakers , had @ @ @ @ @ implementation because of the difficulties they are facing from the coronavirus pandemic .
Mexico had @ @ @ @ @ Canada for a longer transition period for the auto industry to certify that it was @ @ @ @ @ North American content rules .
Lighthizer said his office would work to ensure a smooth @ @ @ @ @ rules .

Interesting timing.
Hmmm…
#BREAKING New North American trade deal to take effect July 1, US says pic.twitter.com/jXPwbOhn8h
www.foxbusiness.com/economy/ew-north-american-trade-pact-to-take-effect-july-1-ustr
U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed.
In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada Agreement (USMCA), which replaces the 26-year-old North American Free Trade Agreement (NAFTA).
WHAT IS THE USMCA?
Some industries, including automakers, had been arguing for a delayed implementation because of the difficulties they are facing from the coronavirus pandemic.
Mexico had asked the United States and Canada for a longer transition period for the auto industry to certify that it was meeting new, more stringent North American content rules.
Lighthizer said his office would work to ensure a smooth implementation of the new trade rules.
READ THE FULL USMCA TRADE DEAL


investmentwatchblog--2020-04-25--Gold Will Reset Within Six Months – Interview By Lynette Zang

This interview starts by Lynette reminding her audience of Egon ’ s view that financial and economic risk in the world was getting uncomfortably high already 20 years ago .
He recommended as early as 2002 for people to hold 25 – 50 % of investable assets in gold , when the price was $ 300 .
It ’ s $ 1725 now , and this is only the beginning .
Some talking points in this interview : • Gold refineries in the world that have closed down due to coronavirus are starting to work at a quarter capacity .
@ @ @ @ @ @ @ to get hold of gold , even at the very low prices going around now .
However , Matterhorn Asset Management can still buy gold at a fair price .
• Gold futures market and whether it will continue as is , or fail • How the futures market will influence physical gold market • What is going to happen with the silver market • Egon ’ s long standing view is that the gold will go to $ 10.000 • Why you shouldn ’ t look at gold through USD or EUR @ @ @ @ @ @ @ ounces and grams • Why we shouldn ’ t compare the current situation with Japan • Why we buy gold ?
Is it because we love it or is it something else ?
• What ’ s going to happen with the 99 % of the people investing in stock markets ?

This interview starts by Lynette reminding her audience of Egon’s view that financial and economic risk in the world was getting uncomfortably high already 20 years ago. He recommended as early as 2002 for people to hold 25 – 50% of investable assets in gold, when the price was $300. It’s $1725 now, and this is only the beginning.
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Some talking points in this interview:


investmentwatchblog--2020-04-25--Martin Armstrong: This is gonna push the debt bubble over the cliff … Rick Rule: Silver bugs, be pat

Martin Armstrong : This is gon na push the debt bubble over the cliff … Rick Rule : Silver bugs @ @ @ @ @ time is coming … Scott Adams : The 2020 election could be the biggest blow-out @ @ @ @ @ on “ the everything bailout ” …

BY JOHN RUBINO
We are primarily funded by readers. Please subscribe and donate to support us!
Martin Armstrong: This is gonna push the debt bubble over the cliff … Rick Rule: Silver bugs, be patient, your time is coming … Scott Adams: The 2020 election could be the biggest blow-out in history … Max Keiser on “the everything bubble bailout” …


investmentwatchblog--2020-04-26--The S&P companies are now trading at the most expensive valuation for the cycle.

Someone has this completely wrong .
Either the investors are right with their optimism paying 19X because analysts are completely @ @ @ @ @ .
If EPS rebounds sharply with the economy , the market will be back to @ @ @ @ @ last decade .

Someone has this completely wrong.
Either the investors are right with their optimism paying 19X because analysts are completely wrong with the EPS downgrades.
If EPS rebounds sharply with the economy, the market will be back to the average 15X over the last decade.
Or…
— Tiho Brkan (@TihoBrkan) April 25, 2020


investmentwatchblog--2020-04-26--Staggering story: 3,300 meatpacking workers have gotten sick in Covid outbreaks, more than 17 have d

Staggering story: 3,300 meatpacking workers have gotten sick in Covid outbreaks, more than 17 have died, with managers telling employees *who are sick* to keep showing up for work, per complaints

Staggering story : 3,300 ( ! )
meatpacking workers have gotten sick in Covid outbreaks , more than 17 have @ @ @ @ @ employees *who are sick* to keep showing up for work , per complaints @ taylormtelford @ @ @

Staggering story: 3,300 (!) meatpacking workers have gotten sick in Covid outbreaks, more than 17 have died, with managers telling employees *who are sick* to keep showing up for work, per complaints@taylormtelford @kimberlykindy t.co/FPSq1BHkur
— Jeffrey Stein (@JStein_WaPo) April 25, 2020


investmentwatchblog--2020-04-26--COVID effects being wildly underestimated in several ways.

I believe that the total death toll from Covid-19 even in the short term is going to significantly exceed the numbers the government has been estimating .
Consider : current estimates are for 60-66k dead by the end of the summer , but these numbers seem increasingly , wildly on the low side even without any of the current rush to try to get back to normal .
As of right now ( 4/25/20 ) we ’ ve had over 52,000 deaths already with close to 2,500 new deaths per day for the past week or so .
Even just @ @ @ @ @ @ @ us at almost 70,000 dead .
Supposing that after that the rate of deaths drops by 15 % per week , we ’ re still looking at around 145,000 dead by the end of the first week of June .
If we rush reopening high-contact social events , businesses , etc .
I don ’ t think it ’ s all unrealistic that we could see 200k dead or more by the end of the year…and how that would impact the economy can ’ t be good .
The whole meltdown in oil @ @ @ @ @ @ @ that we haven ’ t seen the price at the pumps move very much as crude oil prices and production seems like some kind of governmental-level problem to be solved by the U.S. , Russia , the Saudis , etc…but then keep in mind that the U.S. oil and natural gas industries support around 9.5 millions jobs ( the actual jobs in the industry plus all of the jobs that exist because of the money produced and spent by those who work in the industry ) …and what kind of ancillary jobs does @ @ @ @ @ @ @ ’ d expect : restaurants , personal services , car dealerships , electronics , retail stores – all of which are already beaten up by the Corona virus shutdowns… The $ 1,200 per person is already spent and gone – at best it paid some – not all – of already accrued bills and bought a few groceries .
Without a monthly stipend , this level of “ worker ” / “ paycheck ” protection is just a band-aid on a severe injury .
Ditto the small business loans – there ’ s @ @ @ @ @ @ @ worst hit companies – the ones that employ 48 % of American workers .
Without significant and ongoing support for consumers and workers on the low end of the economic chain , there will be devastating effects on our core service economy , as well as a torpedoing of any kind of personal savings/economic security for the middle class and below , all of which will only serve to make this a depression-risking feedback loop .
Polarization in Washington does not bode well for this more short term requirement for a return to @ @ @ @ @ @ @ very much an emergency delve into socialism .
As of this week the unemployment rate in the U.S. just topped 20 % , with 26.5 million jobs lost over the past month .
You might say “ yes , but when the lock down ends everybody will just go back to work ” – except it ’ s not nearly that straightforward : many smaller businesses ( and even quite a few large ones ) run on extremely thin margins – a month , three months lost revenue while still having to pay @ @ @ @ @ @ @ premiums , etc .
coupled with likely financial insecurity for those who own/run these businesses in many case could impact re-hiring , future hiring , future need for borrowing/indebtedness ( at likely higher rates due to their now damaged finances/collateral for loans ) , investment in new inventory , equipment , locations , etc….there is going to be significant and hard to predict economic ripples from this that will extend out 12 , 24 , 36 months or more .
The Vietnam war killed 58,220 Americans…we ’ re going to surpass that with @ @ @ @ @ @ @ .
Two of the deciding factors in turning the tide of public opinion against the war were seeing body counts and body bag on the evening news every night and the simple fact that once you lose enough people the likelihood that a lot of people will know someone who was lost , severly impacted in health or livelihood or both , or at least will know of someone who lost somebody will be huge , and will bring home the very real cost of the mismanagement of this crisis both scientifically and @ @ @ @ @ @ @ think that this will cost Trump re-election , having him re-elected ( and thus preserving the popular , if wrong-headed ( IMO ) Republican approach of repeatedly bailing out mis-managed big businesses and perpetually cutting their taxes ) would very likely buoy Wall St .
In any event , the crisis and all the uncertainty about its personal effects and future economic effects will be devastating to consumer confidence , which in turn will only exacerbate a slow , uneven , and anxious recovery .
Tl ; dr everyone is holding their breath @ @ @ @ @ @ @ and that we ’ ve already seen/felt the worst of it .
I doubt this , and I see it having a medium- to long-term effect that is significantly more than is priced into the markets .
Once it becomes obvious that the Fed ’ s efforts can ’ t/won ’ t do nearly enough to help the middle class , a spiraling down of consumer confidence will pull the markets down with it .
Positions IWM 9/18 125p , EXPE 10/16 65p Disclaimer : This information is only for educational purposes .
@ @ @ @ @ @ @ on the information in this article .
Do you own due diligence .

by memories_of_butter
Underestimating Covid
I believe that the total death toll from Covid-19 even in the short term is going to significantly exceed the numbers the government has been estimating. Consider: current estimates are for 60-66k dead by the end of the summer, but these numbers seem increasingly, wildly on the low side even without any of the current rush to try to get back to normal. As of right now (4/25/20) we’ve had over 52,000 deaths already with close to 2,500 new deaths per day for the past week or so. Even just one more week at that rate puts us at almost 70,000 dead. Supposing that after that the rate of deaths drops by 15% per week, we’re still looking at around 145,000 dead by the end of the first week of June. If we rush reopening high-contact social events, businesses, etc. I don’t think it’s all unrealistic that we could see 200k dead or more by the end of the year…and how that would impact the economy can’t be good.
The Oil Crisis
The whole meltdown in oil prices might seem kind of abstract given that we haven’t seen the price at the pumps move very much as crude oil prices and production seems like some kind of governmental-level problem to be solved by the U.S., Russia, the Saudis, etc…but then keep in mind that the U.S. oil and natural gas industries support around 9.5 millions jobs (the actual jobs in the industry plus all of the jobs that exist because of the money produced and spent by those who work in the industry)…and what kind of ancillary jobs does the industry support? Exactly what you’d expect: restaurants, personal services, car dealerships, electronics, retail stores – all of which are already beaten up by the Corona virus shutdowns…
Congressional Aid to Individuals and Small Businesses
The $1,200 per person is already spent and gone – at best it paid some – not all – of already accrued bills and bought a few groceries. Without a monthly stipend, this level of “worker” / “paycheck” protection is just a band-aid on a severe injury. Ditto the small business loans – there’s not nearly enough there to cover the worst hit companies – the ones that employ 48% of American workers. Without significant and ongoing support for consumers and workers on the low end of the economic chain, there will be devastating effects on our core service economy, as well as a torpedoing of any kind of personal savings/economic security for the middle class and below, all of which will only serve to make this a depression-risking feedback loop. Polarization in Washington does not bode well for this more short term requirement for a return to normalcy, especially when such solutions are very much an emergency delve into socialism.
We are primarily funded by readers. Please subscribe and donate to support us!
Time Needed for Economic Recovery
As of this week the unemployment rate in the U.S. just topped 20%, with 26.5 million jobs lost over the past month. You might say “yes, but when the lock down ends everybody will just go back to work” – except it’s not nearly that straightforward: many smaller businesses (and even quite a few large ones) run on extremely thin margins – a month, three months lost revenue while still having to pay rent, unemployment insurance premiums, healthcare premiums, etc. coupled with likely financial insecurity for those who own/run these businesses in many case could impact re-hiring, future hiring, future need for borrowing/indebtedness (at likely higher rates due to their now damaged finances/collateral for loans), investment in new inventory, equipment, locations, etc….there is going to be significant and hard to predict economic ripples from this that will extend out 12, 24, 36 months or more.
The Emotional Hangover
The Vietnam war killed 58,220 Americans…we’re going to surpass that with this virus by this time next week. Two of the deciding factors in turning the tide of public opinion against the war were seeing body counts and body bag on the evening news every night and the simple fact that once you lose enough people the likelihood that a lot of people will know someone who was lost, severly impacted in health or livelihood or both, or at least will know of someone who lost somebody will be huge, and will bring home the very real cost of the mismanagement of this crisis both scientifically and politically. Ironically, though I personally think that this will cost Trump re-election, having him re-elected (and thus preserving the popular, if wrong-headed (IMO) Republican approach of repeatedly bailing out mis-managed big businesses and perpetually cutting their taxes) would very likely buoy Wall St. In any event, the crisis and all the uncertainty about its personal effects and future economic effects will be devastating to consumer confidence, which in turn will only exacerbate a slow, uneven, and anxious recovery.
Tl;dr everyone is holding their breath hoping that the Covid crisis is temporary and that we’ve already seen/felt the worst of it. I doubt this, and I see it having a medium- to long-term effect that is significantly more than is priced into the markets. Once it becomes obvious that the Fed’s efforts can’t/won’t do nearly enough to help the middle class, a spiraling down of consumer confidence will pull the markets down with it. Positions IWM 9/18 125p, EXPE 10/16 65p
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


investmentwatchblog--2020-04-26--It’s not enough just to flatten one curve. History tells us a second wave is coming. The only questi

It’s not enough just to flatten one curve. History tells us a second wave is coming. The only question is when:

It 's not enough just to flatten one curve .
History tells us a second wave is coming .
The @ @ @ @ @ t.co/FlCrhpszxa pic.twitter.com/TvsSNEKUA0

It's not enough just to flatten one curve. History tells us a second wave is coming. The only question is when: t.co/FlCrhpszxa pic.twitter.com/TvsSNEKUA0
— Niall Ferguson (@nfergus) April 26, 2020


investmentwatchblog--2020-04-26--FT: Investors baffled by soaring stocks in ‘monster’ depression

While the headline is somewhat exaggerated , the premise is correct .
Here the whole article : The divergence between the flying stock market and the dying economy is so extreme it is leaving many analysts scrambling for explanations .
The recent string of economic data releases reflecting life under global coronavirus lockdowns has been even grimmer than expected , spurring the IMF this week to forecast the biggest global recession since the 1930s ’ Great Depression .
Some investors are in awe at the scale of the shock .
“ We really are in uncharted territory , ” said @ @ @ @ @ @ @ at Charles Schwab .
“ We have a monster mash-up of the Great Depression in size , the crash of 1987 in speed , and 9-11 attack in terms of fear.
” And yet , stock markets have been on a tear for a month .
What was once dismissed as a mere “ bear market rally ” often strong but ultimately doomed bounces that can occur in the middle of severe downturns – has now turned into a 23 per cent jump for global stocks .
Technically , that qualifies as a @ @ @ @ @ @ @ erased half the stock market fall since late February , and brought the FTSE All-World index back to levels seen in the US tax cut-fuelled summer rally of 2017 .
Analysts and investors say that global efforts by central banks to soothe the financial system have been the trigger .
Citigroup estimates that the biggest central banks will buy $ 5tn of bonds this year , led by the US Federal Reserve , which is more than twice the size of the stimulus seen at the peak of the 2008-09 financial crisis .
@ @ @ @ @ @ @ once thought untouchable for central banks , announcing plans to support corporate debt graded “ junk ” by credit rating agencies .
Throw in various other liquidity injections and a series of government spending packages aimed at ameliorating the effects of measures taken to contain the coronavirus outbreak , and the overall stimulus bill comes to $ 14th , according to the IMF .
“ The Fed has been very clear that it will do whatever it takes , ” said Joyce Chang , chair of global research at JPMorgan .
“ The @ @ @ @ @ @ @ ” Many investors seem to think so .
Technology stocks are once again leading the rally , but even travel and leisure stocks have jumped 24 per cent from the lows , trimming their decline this year to 37 per cent .
Investors appear to be writing off 2020 , focusing instead on the prospects for an economic normalisation in 2021 , analysts say .
Some of the technical forces that fuelled the sell-off are also helping stoke the comeback .
Hedging by banks , trading strategies that automatically buy when volatility simmers @ @ @ @ @ @ @ now supporting the rally , according to JPMorgan .
Carl Icahn isn ’ t buying stocks right now .
He ’ s hoarding cash , shorting commercial real estate and Says Stocks Are Overvalued , Virus May Cause ‘ Downdrafts ’ • Billionaire doubts economy can be turned on ‘ like a spigot ’ • talks about about tech companies specifically being overvalued • said he has a hedge against the S & P500 ( puts ? )

www.ft.com/content/10d24f35-dee9-4991-a7bd-51be9097a100
While the headline is somewhat exaggerated, the premise is correct.
Here the whole article: The divergence between the flying stock market and the dying economy is so extreme it is leaving many analysts scrambling for explanations.
The recent string of economic data releases reflecting life under global coronavirus lockdowns has been even grimmer than expected, spurring the IMF this week to forecast the biggest global recession since the 1930s’ Great Depression.
Some investors are in awe at the scale of the shock. “We really are in uncharted territory,” said Liz Ann Sonders, chief investment strategist at Charles Schwab. “We have a monster mash-up of the Great Depression in size, the crash of 1987 in speed, and 9-11 attack in terms of fear.”
And yet, stock markets have been on a tear for a month. What was once dismissed as a mere “bear market rally” often strong but ultimately doomed bounces that can occur in the middle of severe downturns – has now turned into a 23 per cent jump for global stocks. Technically, that qualifies as a new bull market.
The rise has erased half the stock market fall since late February, and brought the FTSE All-World index back to levels seen in the US tax cut-fuelled summer rally of 2017. Analysts and investors say that global efforts by central banks to soothe the financial system have been the trigger.
Citigroup estimates that the biggest central banks will buy $5tn of bonds this year, led by the US Federal Reserve, which is more than twice the size of the stimulus seen at the peak of the 2008-09 financial crisis. The Fed has even charged into areas once thought untouchable for central banks, announcing plans to support corporate debt graded “junk” by credit rating agencies.
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Throw in various other liquidity injections and a series of government spending packages aimed at ameliorating the effects of measures taken to contain the coronavirus outbreak, and the overall stimulus bill comes to $14th, according to the IMF.
“The Fed has been very clear that it will do whatever it takes,” said Joyce Chang, chair of global research at JPMorgan. “The question is whether this will be enough.”
Many investors seem to think so. Technology stocks are once again leading the rally, but even travel and leisure stocks have jumped 24 per cent from the lows, trimming their decline this year to 37 per cent.
Investors appear to be writing off 2020, focusing instead on the prospects for an economic normalisation in 2021, analysts say.
Some of the technical forces that fuelled the sell-off are also helping stoke the comeback. Hedging by banks, trading strategies that automatically buy when volatility simmers down, and thinner liquidity are all now supporting the rally, according to JPMorgan.
Carl Icahn isn’t buying stocks right now. He’s hoarding cash, shorting commercial real estate and Says Stocks Are Overvalued, Virus May Cause ‘Downdrafts’
www.bloomberg.com/news/articles/2020-04-25/icahn-says-stocks-are-overvalued-virus-may-cause-downdrafts

Billionaire doubts economy can be turned on ‘like a spigot’
He’s hoarding cash and keeping a big bet against real estate
talks about about tech companies specifically being overvalued
said he has a hedge against the S&P500 (puts?)


investmentwatchblog--2020-04-26--Equities have major headwinds now

Equities have major headwinds now

Equities have major headwinds now. Both boomers who are worried about the economy will be cashing out now as well as companies who were the biggest buyers will now be sellers again to raise cash. — hks55 (@hks55) April 25, 2020
Dollar shortage warning. New lows for EM currencies with $BRL being decimated. Blood in the streets?
Not even close. Wall Street still estimates a 20+% appreciation in $BRL and further rate cuts by end of 2021. Good luck with that. pic.twitter.com/qrKJAJQ7OM — Otavio (Tavi) Costa (@TaviCosta) April 24, 2020
Fed has 30% of the economy on its balance sheet and the federal government has 120% of gdp in debt and 1,000% in unfunded liabilities. If you destroy your currency trying to avoid 1930’s you’ll eventually wind up back in the 1330’s. That won’t be this guys problem he’ll be dead t.co/Kf6hpEOcrM — hks55 (@hks55) April 25, 2020
When China drops its peg lower everything that US companies sell in China becomes instantly more expensive. China is suppose to be the growth story for the globe. iPhones and Chevy Tahoe’s and the rest of it will be 20% more expensive. Avg middle class income less than half US — hks55 (@hks55) April 25, 2020
Confirming the prediction that the global trade contraction is going to be worse than in 2008, the outlook for German exports is looking truly horrible. @IHSMarkitPMI via @SoberLook pic.twitter.com/9it9rpdN9c — Adam Tooze (@adam_tooze) April 25, 2020
covid means globalization is done China will be further starved of usd and it will have to drop its peg. chart is a monster. stocks will not survive $usdcnh pic.twitter.com/z1PdKQa4Ls — hks55 (@hks55) April 25, 2020
101.50 dxy is point of no return. Above that I view global economy in risk off mode and cash is seeking safe haven not in bonds or stocks but usd. Thats the ultimate source of demand for the dollar imo not EM dollar debt. Problem is soaring dollar has a feedback loop — hks55 (@hks55) April 25, 2020
High yield bonds continue to sell off. The stock market ignored it all last week, which was surprising to me. Investors want to ignore insolvency in favor of unmitigated uninterrupted unending central bank bailouts now and forever. — hks55 (@hks55) April 25, 2020
Very nice thread! Completely agree with him.. this is a debt deflation = bullish for the dollar t.co/kf1E09icbH — A.Urban (@AlessioUrban) April 25, 2020


investmentwatchblog--2020-04-26--U.S. Dollar Double Top or Breakout? Gold Bulls Want to Know!

The US Dollar is always on Gold bulls minds .
A weak dollar tends to be a tailwind for Gold @ @ @ @ @ tends to be a headwind .
Well , the US Dollar Index is nearing an @ @ @ @ @ should be watching here .
As you can see in today ’ s chart , @ @ @ @ @ a rising channel for 10 years .
The Dollar peaked in early 2017 offering Gold @ @ @ @ @ it pulled back .
Recently , the US Dollar and Gold have been rising together @ @ @ @ @ testing its 2017 highs this month at ( 2 ) … Something ’ s got @ @ @ @ @ to new highs for the US Dollar would be bearish for Gold bulls , while @ @ @ @ @ rising channel would be super bullish .

by Chris Kimble
The US Dollar is always on Gold bulls minds. A weak dollar tends to be a tailwind for Gold prices while a strong dollar tends to be a headwind.
Well, the US Dollar Index is nearing an important juncture and Gold bulls should be watching here.
We are primarily funded by readers. Please subscribe and donate to support us!
As you can see in today’s chart, King Dollar has been inside a rising channel for 10 years. The Dollar peaked in early 2017 offering Gold bulls some breathing room as it pulled back.
Recently, the US Dollar and Gold have been rising together.
The US Dollar is testing its 2017 highs this month at (2)… Something’s gotta give! A breakout to new highs for the US Dollar would be bearish for Gold bulls, while a breakdown of the 10-year rising channel would be super bullish.


investmentwatchblog--2020-04-26--Finally, It Matters What The Fed Can And Can’t Print

Sound money advocates have been proclaiming that “ the Fed can ’ t print gold ” pretty much since the end of the last gold standard .
But no one outside that little echo chamber paid attention , fixating instead on what the Fed could print : trillions of dollars that were perfectly fine for buying anything a creditworthy person could want .
To paraphrase the old Saturday Night Live skit , “ Fiat currency has been berry berry good to me.
” But the reaction of the worlds ’ central banks to this latest crisis – effectively unlimited currency @ @ @ @ @ @ @ – seems to have rattled people who in the past have viewed aggressively-easy money as an unequivocally good thing .
‘ The Fed can ’ t print gold ’ : How the yellow metal could hit $ 3,000 — 50 % above the current record Bank of America Corp. raised its 18-month gold-price target to US $ 3,000 an ounce — more than 50 per cent above the existing price record — in a report titled “ The Fed can ’ t print gold.
” The bank increased its target from US $ @ @ @ @ @ @ @ the globe unleash vast amounts of fiscal and monetary stimulus to help shore up economies hurt by the coronavirus .
“ As economic output contracts sharply , fiscal outlays surge , and central bank balance sheets double , fiat currencies could come under pressure , ” analysts including Michael Widmer and Francisco Blanch said in the report .
“ Investors will aim for gold.
” BofA expects bullion to average US $ 1,695 an ounce this year and US $ 2,063 in 2021 .
The record of US $ 1,921.17 was set in @ @ @ @ @ @ @ US $ 1,678 on Tuesday and are up 11 per cent this year .
To be sure , a strong dollar , reduced financial market volatility , and lower jewelry demand in India and China could remain headwinds for gold , BofA said .
“ But beyond traditional gold supply and demand fundamentals , financial repression is back on an extraordinary scale , ” the report said .
This sentiment shift is a potentially big deal for at least two reasons : 1 ) The vast majority of investors are amateurs , which @ @ @ @ @ @ @ people know how to repair cars , diagnose illnesses , or build houses .
Instead , we rely on trusted experts to do those things for us .
In the world of money , the experts whom most people trust have traditionally ignored or trashed precious metals because they don ’ t pay dividends or otherwise generate cash flow .
This is a deal-breaker in normal times for conventional money managers .
But now those same money managers , spooked by the new normal of soaring debt and unpredictable volatility , are tiptoeing @ @ @ @ @ @ @ Or , in BofA ’ s case , jumping in with both feet .
That means the 99 % of investors who either didn ’ t know gold existed or were steered away from it by their financial advisors are now being actively told to buy it .
2 ) The amounts of money in play absolutely dwarf the amount of available metal and related derivatives like mining stocks .
While there is admittedly a fair bit of gold sitting in vaults around the world , 99 % of it is not for @ @ @ @ @ @ @ back their currencies ( and are in fact net buyers now ) , while owners of jewelry tend to keep their family heirlooms regardless what the spot price of bullion does .
Meanwhile , the silver market is almost too small to notice in the context of asset classes like stocks and bonds .
You could probably tuck all the available silver bullion into the space created by the coming collapse of shale oil junk bonds , with room left over for all the pure-play silver miners .
The conclusion ?
A ton @ @ @ @ @ @ @ to start chasing a relatively tiny supply of monetary metals and related stocks .
That ’ s good for gold but great for silver , which quadrupled the last time it came into favor : And that was with the vast majority of financial advisors ignoring it .
This time around , with precious metals suddenly trendy , the action could be life-changing .

BY JOHN RUBINO
Sound money advocates have been proclaiming that “the Fed can’t print gold” pretty much since the end of the last gold standard. But no one outside that little echo chamber paid attention, fixating instead on what the Fed could print: trillions of dollars that were perfectly fine for buying anything a creditworthy person could want. To paraphrase the old Saturday Night Live skit, “Fiat currency has been berry berry good to me.”
But the reaction of the worlds’ central banks to this latest crisis – effectively unlimited currency creation to buy up/bail out everything everywhere – seems to have rattled people who in the past have viewed aggressively-easy money as an unequivocally good thing.
‘The Fed can’t print gold’: How the yellow metal could hit $3,000 — 50% above the current record Bank of America Corp. raised its 18-month gold-price target to US$3,000 an ounce — more than 50 per cent above the existing price record — in a report titled “The Fed can’t print gold.” The bank increased its target from US$2,000 previously, as policy makers across the globe unleash vast amounts of fiscal and monetary stimulus to help shore up economies hurt by the coronavirus. “As economic output contracts sharply, fiscal outlays surge, and central bank balance sheets double, fiat currencies could come under pressure,” analysts including Michael Widmer and Francisco Blanch said in the report. “Investors will aim for gold.” BofA expects bullion to average US$1,695 an ounce this year and US$2,063 in 2021. The record of US$1,921.17 was set in September 2011. Spot prices traded around US$1,678 on Tuesday and are up 11 per cent this year. To be sure, a strong dollar, reduced financial market volatility, and lower jewelry demand in India and China could remain headwinds for gold, BofA said. “But beyond traditional gold supply and demand fundamentals, financial repression is back on an extraordinary scale,” the report said.
This sentiment shift is a potentially big deal for at least two reasons:
1) The vast majority of investors are amateurs, which is to be expected. Very few people know how to repair cars, diagnose illnesses, or build houses. Instead, we rely on trusted experts to do those things for us. In the world of money, the experts whom most people trust have traditionally ignored or trashed precious metals because they don’t pay dividends or otherwise generate cash flow. This is a deal-breaker in normal times for conventional money managers.
But now those same money managers, spooked by the new normal of soaring debt and unpredictable volatility, are tiptoeing into safe havens like precious metals. Or, in BofA’s case, jumping in with both feet. That means the 99% of investors who either didn’t know gold existed or were steered away from it by their financial advisors are now being actively told to buy it.
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2) The amounts of money in play absolutely dwarf the amount of available metal and related derivatives like mining stocks.
While there is admittedly a fair bit of gold sitting in vaults around the world, 99% of it is not for sale because central banks need it to back their currencies (and are in fact net buyers now), while owners of jewelry tend to keep their family heirlooms regardless what the spot price of bullion does.
Meanwhile, the silver market is almost too small to notice in the context of asset classes like stocks and bonds. You could probably tuck all the available silver bullion into the space created by the coming collapse of shale oil junk bonds, with room left over for all the pure-play silver miners.
The conclusion? A ton of “generalist” money is about to start chasing a relatively tiny supply of monetary metals and related stocks. That’s good for gold but great for silver, which quadrupled the last time it came into favor:
And that was with the vast majority of financial advisors ignoring it. This time around, with precious metals suddenly trendy, the action could be life-changing.


investmentwatchblog--2020-04-26--The Fed is in BOJ’s 2007 position, but US stocks are absurdly more overvalued. Buy gold & sell stock

The Fed is in BOJ’s 2007 position, but US stocks are absurdly more overvalued. Buy gold & sell stocks.

Fed has 30 % of the economy on its balance sheet and the federal government has 120 % of gdp @ @ @ @ @ in unfunded liabilities .
If you destroy your currency trying to avoid 1930 ’ s @ @ @ @ @ up back in the 1330 ’ s .
That won ’ t be this guys @ @ @ @ @ dead t.co/Kf6hpEOcrM

Fed has 30% of the economy on its balance sheet and the federal government has 120% of gdp in debt and 1,000% in unfunded liabilities. If you destroy your currency trying to avoid 1930’s you’ll eventually wind up back in the 1330’s. That won’t be this guys problem he’ll be dead t.co/Kf6hpEOcrM
— hks55 (@hks55) April 25, 2020


investmentwatchblog--2020-04-26--GUILIANI: “Dr. Fauci Gave $3.7 Million to Wuhan Laboratory… Something Is Going On”

‘ Paid for the damn virus that ’ s killing us ’ : Giuliani rips Fauci over grants to Wuhan laboratory Rudy Giuliani questioned Dr. Anthony Fauci ’ s involvement in grants from the United States to a laboratory in Wuhan , China , that has been tied to the coronavirus pandemic .
According to a report , the U.S. Intelligence Community has growing confidence that the current coronavirus strain may have accidentally escaped from the Wuhan Institute of Virology rather than from a wildlife market , as the Chinese Communist Party first claimed .
During a Sunday interview on @ @ @ @ @ @ @ the U.S. gave money to the lab .
“ Back in 2014 , the Obama administration prohibited the U.S. from giving money to any laboratory , including in the U.S. , that was fooling around with these viruses .
Prohibited !
Despite that , Dr. Fauci gave $ 3.7 million to the Wuhan laboratory — even after the State Department issued reports about how unsafe that laboratory was , and how suspicious they were in the way they were developing a virus that could be transmitted to humans , ” he claimed .
@ @ @ @ @ @ @ that money .
Something here is going on , John .
I don ’ t want to make any accusations .
But there was more knowledge about what was going on in China with our scientific people than they disclosed to us when this first came out .
Just think of it : If this laboratory turns out to be the place where the virus came from , then we paid for it .
We paid for the damn virus that ’ s killing us .
”

‘Paid for the damn virus that’s killing us’: Giuliani rips Fauci over grants to Wuhan laboratory
Rudy Giuliani questioned Dr. Anthony Fauci’s involvement in grants from the United States to a laboratory in Wuhan, China, that has been tied to the coronavirus pandemic.
According to a report, the U.S. Intelligence Community has growing confidence that the current coronavirus strain may have accidentally escaped from the Wuhan Institute of Virology rather than from a wildlife market, as the Chinese Communist Party first claimed. During a Sunday interview on The Cats Roundtable, Giuliani questioned why the U.S. gave money to the lab.
“Back in 2014, the Obama administration prohibited the U.S. from giving money to any laboratory, including in the U.S., that was fooling around with these viruses. Prohibited! Despite that, Dr. Fauci gave $3.7 million to the Wuhan laboratory — even after the State Department issued reports about how unsafe that laboratory was, and how suspicious they were in the way they were developing a virus that could be transmitted to humans,” he claimed.
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He added, “We never pulled that money. Something here is going on, John. I don’t want to make any accusations. But there was more knowledge about what was going on in China with our scientific people than they disclosed to us when this first came out. Just think of it: If this laboratory turns out to be the place where the virus came from, then we paid for it. We paid for the damn virus that’s killing us.”
www.washingtonexaminer.com/news/paid-for-the-damn-virus-thats-killing-us-giuliani-rips-fauci-over-grants-to-wuhan-laboratory
h/t CrsCrpr


investmentwatchblog--2020-04-26--The Boeing Company Downside: How Low Can BA Go? $60 You Say?

The Boeing stock has decreased 58.5 % so far this year .
However , the current stock price is 52.2 @ @ @ @ @ at the end of 2017 The Boeing Company ’ s stock price decreased from $ @ @ @ @ @ 2017 to $ 134.24 , a substantial decrease of -52.2 % .
Q1 results in @ @ @ @ @ ground reality about demand crunch and supply disruptions – leading to Revenue Expectations for full-year @ @ @ @ @ below the figure for 2019 .
This implies a reduction in Revenue per share from @ @ @ @ @ 33.7 in 2020 .
The Boeing Company ’ s Stock Could Potentially Drop to $ @ @ @ @ @ Impact of 3 Factors : 1 ) 25 % Reduction in Revenue Expectations from $ @ @ @ @ @ $ 57.5 Mil in 2020 .
3 ) Investors assigning the stock a P/S Multiple @ @ @ @ @ Revenues and Margins Disclaimer : This information is only for educational purposes .
Do not @ @ @ @ @ on the information in this article .
Do you own due diligence .

by RwXMVchWD5okP25
The Boeing stock has decreased 58.5% so far this year. However, the current stock price is 52.2% lower than the figure at the end of 2017
The Boeing Company’s stock price decreased from $281.05 at the end of 2017 to $134.24, a substantial decrease of -52.2%.
-52.2% stock price decrease driven by:
1) -44.8% P/S Multiple contraction
2) -13.5% Change in Revenue per share
Q1 results in April 2020 will confirm the ground reality about demand crunch and supply disruptions – leading to Revenue Expectations for full-year 2020 falling to 25% below the figure for 2019.
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This implies a reduction in Revenue per share from 135 $ in 2019 to 33.7 in 2020.
The Boeing Company’s Stock Could Potentially Drop to $60 Due To The Combined Impact of 3 Factors:
1) 25% Reduction in Revenue Expectations from $76,5 Mil in 2019 to $57.5 Mil in 2020.
2) Share count remaining around 2019-level of 568
3) Investors assigning the stock a P/S Multiple of 0.6x due to lower Revenues and Margins
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.


investmentwatchblog--2020-04-26--Mannarino: A MONSTER WEEK IS COMING

Mannarino: A MONSTER WEEK IS COMING

“ There is no free market .
There is nothing anymore .
Everything has been taken over.
” Gregory Mannarino @ @ @ @ @ the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble @ @ @ @ @ on Wall Street was not like the movies , he moved on to get a @ @ @ @ @ as a Physician Assistant .
He also served in the United States Naval Reserve Medical @ @ @ @ @ the rank of Lieutenant .
He is an active trader of the capital markets and @ @ @ @ @ to finance , global economics , and equity trading .
Gregory currently hosts a business @ @ @ @ @ YouTube .
You can find out more about what he offers at his website Traderschoice.net @

TradersChoice.net, Released on 4/26/20
“There is no free market. There is nothing anymore. Everything has been taken over.”
We are primarily funded by readers. Please subscribe and donate to support us!
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieutenant. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading. Gregory currently hosts a business day “MarketReport” on YouTube. You can find out more about what he offers at his website Traderschoice.net.


investmentwatchblog--2020-04-26--Are We Wrong About Reopening the Economy?

Above the initials Scott B. we are dealt with as follows : Legions and legions know more about respiratory disease than your humble editor .
We know very little .
And no , we have never seen the phenomenon the reader describes .
Yet many vastly credentialed medical authorities believe the fatality rate — assuming a much larger number of possible infections than officially reported — is nonetheless low .
Antibody testing in New York City indicates that 21.2 % of its residents have already hosted the virus .
Of course the true figures are uncertain .
And testing is @ @ @ @ @ @ @ low mortality rate is thin consolation for the dead who suffered damnably .
Victims slowly drown in their own liquids .
It is also thin consolation for the medicos like our reader .
They must attend the miserable dying .
And our heart extends to them .
Alas , it appears that many who require ventilation stand condemned .
The numbers from New York reveal that 88 % of its ventilated do not survive .
The virus has plunged its teeth too deeply .
Some studies — we of course know nothing of @ @ @ @ @ @ @ more harm than good .
The pressure settings may exceed tolerances .
Reports one physician : Yet since we are the very soul of fairness… some physicians claim ventilation is crucial under certain conditions .
But it requires a deep and subtle knowledge of the business .
Not all physicians are equal to it .
Says one pulmonologist : No doubt it is .
Meantime , the United States economy continues to wallow in mandated purgatory… The economy has shed 565 jobs for each confirmed COVID-19 fatality .
Thousands and thousands of businesses @ @ @ @ @ @ @ Many will never get up .
How much longer can this economy exist in the present state… before the social fabric unravels ?
Protestors have already taken to the streets .
And we are warned of looming food shortages .
A dormant economy can not be awakened at a stroke .
It comes to gradually .
It must rub the sand from its eyes .
It must stretch its muscles .
It must find its legs again .
And this economy will waken to a far different America than it knew before the @ @ @ @ @ @ @ a good stretch .
Absent a proven virus killer , Americans will not likely swarm the restaurants , the pubs , the cinemas , the ballparks , the theme parks , the airports , the hotels .
That is , the mass psychology has swung .
And it will not swing easily back .
Some of the mentioned industries peg along on thin profit margins even in flush times .
How will they endure the depressed times to come ?
Old Daily Reckoning contributor Simon Black examines the Black Plague of 1349 for @ @ @ @ @ @ @ the situation was finally starting to improve , the plague struck again in 1360 .
And again in 1374 .
Medieval Europeans quickly realized that if there was just a single rat left on the planet carrying the disease , then another wave of the pandemic could begin anew .
And that made it next to impossible for anything to return to normal… Commercial trade dwindled .
Italy ’ s woolen textile industry practically ceased to exist .
Many prominent banks in Europe collapsed .
And there were even government debt defaults .
@ @ @ @ @ @ @ their homes while policymakers wait for this virus to die off .
But that ’ s not how biology works .
Just like in the 1300s , if there ’ s even a single carrier of the coronavirus remaining , then the whole thing starts over .
That person transmits the virus to two–three people , those people transmit the virus to two–three other people and the exponential growth curve begins again .
Lockdowns don ’ t kill off the virus .
They just reset the clock .
Of course we can not @ @ @ @ @ @ @ The plague carried off some 60 % of Europe ’ s population .
The current pandemic is a sneeze next to it .
Not a Matter of the Economy vs .
Lives We are accused of placing economy above life , that we have no thought above the dollar .
Yet it is untrue .
The choice is false .
The matter before us is not one of dollars versus lives .
It is a matter of lives versus lives .
As we have reported repeatedly : Each 1 % increase in the @ @ @ @ @ @ @ of despair… and from reduced living standards .
Each day , each week , each month the economy sleeps , the steeper the toll .
That is the bitter reality before us .
And what about the non-coronavirus sick ?
They may be denied adequate doctoring .
That is because the medical system is hurling such immense resources against the virus .
Many may perish from otherwise treatable maladies .
We have held up Sweden as a model .
It has maintained a fairly normal economic life throughout the pandemic .
It shielded @ @ @ @ @ @ @ commerce rubbing along .
Sweden reports a marginally higher fatality rate than the United States .
But the virus has spread among the young and robust .
And they have withstood it .
Thus the nation may attain “ herd immunity ” within weeks , some claim .
The virus will die in place , unable to spread among a heavily immunized people .
And its evil reign will end .
This outcome is not certain .
Only time will reveal the wisdom — or its absence — of Sweden ’ s choice @ @ @ @ @ @ @ it reopened its Swedish auto factories this past Monday .
Some 20,000 Swedes thus resumed their livelihoods… and some measure of normalcy .
To whom they will peddle their vehicles , we do not know .
How many Europeans and Americans can presently purchase a new Volvo ?
Or Hyundai ?
Or Chevrolet ?
And when can they ?
We have no answer .
“ History is a nightmare from which I am trying to wake , ” wrote James Joyce .
This virus is a nightmare from which we are trying to @

by Brian Maher of Daily Reckoning
Above the initials Scott B. we are dealt with as follows:
Listen, dumb****s! I am a professional on the front lines intubating these patients and years of education to understand this, but I will attempt to relate to the lowest common denominator mentality of this society and the financial segment in particular (notoriously self-involved)… I will make this simple. Have you seen anything cause bodies to be piled into refrigerator trucks or mass graves in your lifetime?!! Quit arguing just what the fucking death rate percentage is! It’s obviously high! Shut the [expletive] up and listen to people who obviously know more than you!
Legions and legions know more about respiratory disease than your humble editor. We know very little.
And no, we have never seen the phenomenon the reader describes.
Yet many vastly credentialed medical authorities believe the fatality rate — assuming a much larger number of possible infections than officially reported — is nonetheless low.
Antibody testing in New York City indicates that 21.2% of its residents have already hosted the virus.
The high recovery rate implies a low mortality rate.
Of course the true figures are uncertain. And testing is not entirely reliable.
The Grisly Human Toll
Regardless, a low mortality rate is thin consolation for the dead who suffered damnably. Victims slowly drown in their own liquids.
It is also thin consolation for the medicos like our reader. They must attend the miserable dying.
And our heart extends to them.
Alas, it appears that many who require ventilation stand condemned.
The numbers from New York reveal that 88% of its ventilated do not survive. The virus has plunged its teeth too deeply.
Are Ventilators the Answer?
Some studies — we of course know nothing of their validity — suggest ventilation may work more harm than good.
The pressure settings may exceed tolerances. Reports one physician:
It’s like using a Ferrari to go to the shop next door — you press on the accelerator and you smash the window.
Yet since we are the very soul of fairness… some physicians claim ventilation is crucial under certain conditions.
But it requires a deep and subtle knowledge of the business. Not all physicians are equal to it. Says one pulmonologist:
It’s not just about running out of ventilators, it’s running out of expertise… We intensivists don’t ventilate by protocol. We may choose initial settings, but we adjust those settings. It’s complicated.
No doubt it is.
Meantime, the United States economy continues to wallow in mandated purgatory…
565 Lost Jobs for Every Fatality
The economy has shed 565 jobs for each confirmed COVID-19 fatality.
Thousands and thousands of businesses remain shuttered, dark, lifeless. Many will never get up.
How much longer can this economy exist in the present state… before the social fabric unravels?
Protestors have already taken to the streets. And we are warned of looming food shortages.
A dormant economy cannot be awakened at a stroke. It comes to gradually. It must rub the sand from its eyes. It must stretch its muscles. It must find its legs again.
And this economy will waken to a far different America than it knew before the coma…
The Mass Psychology Has Swung
COVID-19 will be with us for a good stretch.
Absent a proven virus killer, Americans will not likely swarm the restaurants, the pubs, the cinemas, the ballparks, the theme parks, the airports, the hotels.
That is, the mass psychology has swung. And it will not swing easily back.
We are primarily funded by readers. Please subscribe and donate to support us!
Some of the mentioned industries peg along on thin profit margins even in flush times. How will they endure the depressed times to come?
Old Daily Reckoning contributor Simon Black examines the Black Plague of 1349 for parallels….
An Ominous Historical Example
Simon says:
When people sensed the worst was over, they slowly came out of their homes. There was no grand reopening of the economy like some department store suddenly under new management. People remained highly mistrustful of one another, continuing to avoid even the most basic interactions with friends, family and professional colleagues. Commerce was slow and the economy remained depressed for years. Did the economy revive at that point?
Just when it seemed that the situation was finally starting to improve, the plague struck again in 1360. And again in 1374. Medieval Europeans quickly realized that if there was just a single rat left on the planet carrying the disease, then another wave of the pandemic could begin anew. And that made it next to impossible for anything to return to normal… Commercial trade dwindled. Italy’s woolen textile industry practically ceased to exist. Many prominent banks in Europe collapsed. And there were even government debt defaults. Concludes Simon, with a deep gulp: Right now most people are barricaded in their homes while policymakers wait for this virus to die off. But that’s not how biology works. Just like in the 1300s, if there’s even a single carrier of the coronavirus remaining, then the whole thing starts over. That person transmits the virus to two–three people, those people transmit the virus to two–three other people and the exponential growth curve begins again. Lockdowns don’t kill off the virus. They just reset the clock.
Of course we cannot pit COVID-19 against the bubonic plague. The plague carried off some 60% of Europe’s population. The current pandemic is a sneeze next to it.
Returning to normal may nonetheless prove exceedingly difficult.
Not a Matter of the Economy vs. Lives
We are accused of placing economy above life, that we have no thought above the dollar.
Yet it is untrue. The choice is false.
The matter before us is not one of dollars versus lives. It is a matter of lives versus lives.
As we have reported repeatedly:
Each 1% increase in the unemployment rate may yield perhaps 30,000 deaths of despair… and from reduced living standards.
Each day, each week, each month the economy sleeps, the steeper the toll.
That is the bitter reality before us.
And what about the non-coronavirus sick?
They may be denied adequate doctoring. That is because the medical system is hurling such immense resources against the virus.
Many may perish from otherwise treatable maladies.
Sweden May Be Nearing “Herd Immunity”
We have held up Sweden as a model. It has maintained a fairly normal economic life throughout the pandemic.
It shielded the aged and vulnerable, while keeping commerce rubbing along.
Sweden reports a marginally higher fatality rate than the United States. But the virus has spread among the young and robust. And they have withstood it.
Thus the nation may attain “herd immunity” within weeks, some claim.
The virus will die in place, unable to spread among a heavily immunized people. And its evil reign will end.
This outcome is not certain. Only time will reveal the wisdom — or its absence — of Sweden’s choice.
Volvo Reopens Its Factories
But so confident is Volvo that it reopened its Swedish auto factories this past Monday. Some 20,000 Swedes thus resumed their livelihoods… and some measure of normalcy.
To whom they will peddle their vehicles, we do not know.
How many Europeans and Americans can presently purchase a new Volvo? Or Hyundai? Or Chevrolet?
And when can they? We have no answer.
“History is a nightmare from which I am trying to wake,” wrote James Joyce.
This virus is a nightmare from which we are trying to wake…


investmentwatchblog--2020-04-26--Precursor, Nothing Can Stop The Truth, Relevant Events Are About To Unfold

The event is now coming to an end , the [ DS ] /MSM are pushing everything they can , @ @ @ @ @ The people are waking up , they see what is happening .
Relevant events are @ @ @ @ @ can stop the truth .
Exculpatory information has been released that should dismiss Flynn ’ @ @ @ @ @ .
Kim Jong Un is missing , have the chains been broken .
The cure @ @ @ @ @ the sickness .

The event is now coming to an end, the [DS]/MSM are pushing everything they can, but it is failing. The people are waking up, they see what is happening. Relevant events are about to unfold, nothing can stop the truth. Exculpatory information has been released that should dismiss Flynn’s case and exonerate him. Kim Jong Un is missing, have the chains been broken. The cure can not be worse than the sickness.
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