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Page added on March 15, 2020
Spectacularly wrong: Why Wall Street doesn’t understand the corona virus
Investment professionals on Wall Street spend their days reading financial reports and looking at numbers flash on screens. These numbers record the moment-to-moment changes in the collective wisdom of markets about the value of stocks, bonds, commodities and a distressing array of derivative financial products.
From the comfort of the sealed caverns of Wall Street the actual physical and social world is just an abstraction to be quantified and analyzed. One of Wall Street’s most prominent investment research and management firms released an analysis that says the corona virus won’t be all that bad for the economy.
Analysts from Morningstar Inc.—which is actually headquartered in Chicago’s cavernous downtown—say that this pandemic will be a “mild pandemic.” I’m not sure how pandemics can be mild, but the analysts outline cases for “moderate” and “severe pandemics.”
One of the things that gives these analysts such a sanguine view, particularly in the United States, is the country’s advanced health care system which is “likely much more prepared for the taxing of our hospital system, as we appear to have a massive lead over other developed nations in the number of intensive care unit beds per citizen.”
And yet, a first-hand report from a physician in those hospitals suggests that there will be very little room for severe corona virus cases in any hospital ICU. Those beds are already being used by patients and not just waiting empty. In all likelihood, hospitals will be quickly overwhelmed and forced to decide who gets critical live-saving treatment and who does not. The “who does not” number could be very large if the Italian experience is anything to go by.
The analysts do admit that lack of health insurance and paid sick leave will likely lead to higher infection rates in the United States than would otherwise be the case. Naturally, people without insurance will be reluctant to seek treatment, and those without paid sick leave may come to work even when ill in order to make enough money to pay their bills.
The surprisingly upbeat report is based on the idea of a return to business as usual. The assumption is that the corona virus pandemic will not shatter confidence in our institutions which are so clearly incompetent and/or inadequate to the task of fighting this pandemic.
For the first two months of this year the U.S. markets virtually ignored the growing dangers of a pandemic and assumed that any economic problems would be confined to China. In fact, even as infections spread like wildfire in China, market averages touched new highs. The idea that novel infectious diseases for which there is no treatment do not recognize national boundaries just didn’t occur to most investors and investment advisors. Reality, however, began to sink in by late February and led to the historic stock market collapse.
Even now, a friend of mine who is retired reports that the week before last her investment advisor responded sharply when she called to dump half of her portfolio of stocks. The advisor won the argument saying that this is just a temporary slide, and that in the long term all will be well.
The political and social implications of the current meltdown seem lost on the Wall Street crowd. They cannot see that when all is said and done, it is unlikely that very many people will have faith in an advisor who tells them that stocks always return to previous levels and move higher. This will be an indirect result of shattered faith in government institutions that are supposed to protect us in such emergencies and shattered faith in an economic system that leaves so many without the means to respond to such a life-and-death situation.
Large-scale and dramatic rearrangements of our current system worldwide and in the United States are likely to come in the wake of the season of death that is upon us—and in the wake of the economic carnage that results from the breakdown of a system so vulnerable that a tiny virus could topple it at its base. That virus is now calling into question deeply held assumptions about basic security, protection, health care, and also economic and political arrangements that do not seem able to respond in ways that preserve life in the face of one of the most obvious and fundamental threats to it: epidemic infections.
78 Comments on "Spectacularly wrong: Why Wall Street doesn’t understand the corona virus"
makati1 on Sun, 15th Mar 2020 8:19 pm
When the dust settles, I think we will be living in a new and much different world. Not better, but maybe, if we are lucky, not too much worse. This is far from over and the fat lady hasn’t even gotten into costume yet.
Patience!
Abraham van Helsing on Sun, 15th Mar 2020 9:28 pm
“Britain’s coronavirus crisis could last until Spring 2021 with up to 8MILLION people – or 15% of the population – hospitalised, secret NHS briefing reveals – as death toll leaps 14 in a day to 35“
https://www.dailymail.co.uk/news/article-8114925/Britains-coronavirus-crisis-Spring-2021-7-9million-people-hospitalised.html
makati1 on Mon, 16th Mar 2020 1:04 am
Not looking good for you Cloggie.
https://www.zerohedge.com/health/not-just-seniors-french-doctors-report-50-icu-patients-under-60-years-old-netherlands-under
“Not Just Seniors: French Doctors Report 50% Of ICU Patients Under 60 Years Old, Netherlands Under 50”
And the beat goes on… https://www.youtube.com/watch?v=fOaxEa5ONJw
Abraham van Helsing on Mon, 16th Mar 2020 2:39 am
“Not looking good for you Cloggie.”
Why would that be? I am mid-sixties.
An ICU patient is NOT a dead patient.
But most important, I have it already behind me. Like with 80% of the population, my immune system was strong enough to defeat this bio-weapon all by myself.
I’ll never forget that sinister ash taste in my mouth, after the fever, no doubt the taste of destroyed Corona cells.
I’ll die another day.
Abraham van Helsing on Mon, 16th Mar 2020 2:48 am
Netherlands:
1000 verified cases.
6000 estimated cases.
Merely 50 ICU cases.
20 people died, all old and weak.
The vast majority has only mild symptoms and doesn’t need care.
https://www.nu.nl/coronavirus/6037616/coronavirus-treft-6000-nederlanders-geen-klachten-voor-grootste-deel.html
Abraham van Helsing on Mon, 16th Mar 2020 2:56 am
Based on the numbers above, the mortality is indeed 2% on the bases of verified cases.
If you include the estimated number of cases, mortality is “merely” 0.3%.
That would mean that 51,000 of the Dutch population would die max.
With lockdown measures this number can be brought down further.
Davy on Mon, 16th Mar 2020 4:37 am
“But most important, I have it already behind me. Like with 80% of the population, my immune system was strong enough to defeat this bio-weapon all by myself.”
cloggo, unless you were tested you have no clue if you had the virus.
Davy on Mon, 16th Mar 2020 4:38 am
“Not looking good for you Cloggie.”
ah, makato, you are the oldest and most a risk on this forum, dummy. I know you think you are immortal. LMFAO
Davy on Mon, 16th Mar 2020 4:41 am
“1000 verified cases.
6000 estimated cases.
Merely 50 ICU cases.
20 people died, all old and weak.
The vast majority has only mild symptoms and doesn’t need care.”
Your cases are at the point where they will likely explode upward before they drop. Your economy will be in ruin like the rest of the global world. It will be worse for exporters like Holland. Lick your wounds sucker, your golden empire blather is a failure.
Davy on Mon, 16th Mar 2020 4:44 am
“Based on the numbers above, the mortality is indeed 2% on the bases of verified cases. If you include the estimated number of cases, mortality is “merely” 0.3%.
That would mean that 51,000 of the Dutch population would die max.” With lockdown measures this number can be brought down further.
LMFAO, cloggo, this is just getting started. The worst is ahead. Be patient dummy. You death rate will be similar to other nations that got proactive not ultra low because you like to put lipstick on a pig.
makati1 on Mon, 16th Mar 2020 5:46 am
No Davy, I am not the most at risk, you are. It appears, from some real stats, that at least 50% of the serious cases are under 50. Some are teens. Hmm?
I’m not exposed like you are. I’m watching this event from my home, which I do not have to leave. I do not need to go out to find toilet paper, or food, or other necessities. I can hunker down until this blows over, and it will.
Davy on Mon, 16th Mar 2020 6:14 am
“No Davy, I am not the most at risk, you are. It appears, from some real stats, that at least 50% of the serious cases are under 50. Some are teens. Hmm?”
Makato, you are almost 80 and in an overpopulated 3rd world country that will not be able to social distance like Singapore and lower infection. It will be a mess in the P’s soon likely much worse than other nations. The fact that it hits people under 50 relates to many under 50 have vulnerable conditions too. People over 80 have conditions and are weaker but the reason they might not be extremely high on the list is many 80 year old do not do much so they are already socially distanced. The fact you are citing young people dying means your young country faces risks too and relative youth does not prevent death.
“I’m not exposed like you are. I’m watching this event from my home, which I do not have to leave. I do not need to go out to find toilet paper, or food, or other necessities. I can hunker down until this blows over, and it will.”
I am in better shape than you makato I live in a very rural setting I am 30 years younger than you. I have prepped for 10 years now. You are a poor arrogant guy that thinks a banana tree in back will save you. You are totally irrational and your position this virus is nothing a shame and failure. You said the P’s was not in danger but now Manila is in lockdown. On and on you are a complete and utter failure.
Davy on Mon, 16th Mar 2020 6:24 am
“THE TRANSFORMATION OF RISK”
https://tinyurl.com/v3dal5b korowicz human systems
“We have entered an age where the risks societies face are becoming more extreme in their impacts, more probable in their likelihood, and potentially irreversible in their duration. The conditions that underpin the casual expectations of our normal lives — that there is food in the supermarket, that businesses can operate, that electricity, water and healthcare are available, that we can communicate, money works, and government functions — depends upon the coherent operation of an increasing complex, interdependent, high-speed and integrated global system. Mostly we don’t notice it because it works so effectively. However, this complexity that underpins our welfare has become a source of growing vulnerability. Further, it means that if the ‘right’ part of a socio-economic system is sufficiently compromised (by a financial collapse, major pandemic, natural or environmental disaster, cyber/ hybrid- attack on critical infrastructure, state failure, or synchronous events), critical interdependent societal systems can fail collectively. In a time of always-on economies, of rapid financial flows and Just-In-Time logistics, the process may be rapid. Under certain conditions, this could be global and irreversible. At the same time we can expect growing stresses —including from food,oil and water constraints; from the impacts of climate change; credit over-expansion; demographics, declining global trust/ legitimacy-that can propagate through these global networks. It is the interactions of increasing societal vulnerability, and the rising scale and impact of stressors that is being referred to as The Transformation of Risk. This transformation is likely to be experienced as growing societal stress- social, political, economic, environmental and infrastructural; and an increase in the frequency and intensity of shocks. There will be more surprises, the future will look more and more uncertain, while society’s expectations and expert models (for the economy or greenhouse gas emissions, for example) diverge further from reality. Instability will become de-stabilising. In this context, the resilience and adaptive capacity of societies are likely to be further undermined. This increases the likelihood of large-scale systemic failure – from localised and reversible, to global and irreversible become more likely. This is the context in which Korowicz Human Systems operates. Firstly, it aims to develop and express a perspective on Globally Integrated Systemic Risk that is scientifically credible. Secondly, it aims to translate this into an actionable Risk Posture that can guide societal responses. Finally, it is endeavouring to support and encourage societal preparedness and contingency planning through work with governments, institutions, and civil society. We do not know what the future will bring, but as a society we are overwhelming invested in a future that assumes continued socio-economic integration. But the growing likelihood of societal stress and the potential for irreversible systemic failure, coupled with the potentially catastrophic impacts means there is a strong risk management argument for putting more effort into engaging with the consequences of severe down-side risks.”
Sissyfuss on Mon, 16th Mar 2020 9:13 am
Dow down 2,400 in first half hour,10.5%. The money printing and QE having no effect as the economy shuts down. The stable genius is going into hiding which might help.
makati1 on Mon, 16th Mar 2020 5:36 pm
Its fun watching the Amerikan version of the Limbo game in the stock market casino. Glad I’m a spectator, not a player. My ‘investments’ support life, not wealth, and become more valuable with time. Too bad the windows in those financial towers are fixed and unbreakable. LOL
Davy on Mon, 16th Mar 2020 7:28 pm
makato, your fucked because that social security check that is so dear to you may stop and then what? Yea, nothing, you have nobody. Your family is half way across the world. You are all alone. When your BookFace bullshit stops then what? Besides it is likely the virus already has a bulls-eye on your ass
makati1 on Mon, 16th Mar 2020 7:48 pm
Davy, I guess you do not understand what the word “prepared” means.
“Prepared – ready to do or deal with something.” Google
I am “prepared” for the SS system to go down, but it will be the last gasp of the US when it does. It will mean the US is totally 3rd world, or worse, and you will not be prepared for that lifestyle, obviously. You deny its possibility.
I see the devaluation of my SS dollars continuing until they are worth zero. As I have said many times before, I do not require that payment, but I will take it as long as it lasts to build even more preps and to help kids go to college, my farm neighbors, etc..
Alone? LMAO! I have more friends here than I had in the US, Better friends as they are not selfish and greedy like you. I have an ‘adopted family’ bigger then my own in the US.
Not that you believe me as you cherry pick and hate, not learn.
Davy on Mon, 16th Mar 2020 8:32 pm
“I am “prepared” for the SS system to go down, but it will be the last gasp of the US when it does. It will mean the US is totally 3rd world, or worse, and you will not be prepared for that lifestyle, obviously. You deny its possibility.”
No, you are not makato. You are an old guy who needs money to survive. You have no future over there in that overpopulated Asian Island nation.
“Alone? LMAO! I have more friends here than I had in the US, Better friends as they are not selfish and greedy like you. I have an ‘adopted family’ bigger then my own in the US.”
You won’t have any friends when the money runs out. No trips to the wet market to buy Jumbo shrimp and beer. Your live is going to change remarkably that is if you survive the virus.
Duncan Idaho on Mon, 16th Mar 2020 9:46 pm
SoftBank Owned Patent Troll, Using Monkey Selfie Law Firm, Sues To Block Covid-19 Testing, Using Theranos Patents
https://www.techdirt.com/articles/20200316/14584244111/softbank-owned-patent-troll-using-monkey-selfie-law-firm-sues-to-block-covid-19-testing-using-theranos-patents.shtml
Capitalism kills—-
makati1 on Tue, 17th Mar 2020 3:12 am
But Davy, who said I don’t have enough “money” to survive? Not me. I keep telling you I am prepared for the future whether it is a day or 20+ years. During my 12 years here, I could have transferred millions of dollars, tax free, so you have no idea what I have, You don’t want to believe me because it bursts your little hate bubble.
If I can live on less than $5/day how much do I need? Do the math. $5 X 365 days X 20 years = $36,500. But my investments are earning me 4% to 14% annual interest in secure banks here, not the market casino. Not in my name, of course but someone I totally trust.
But that is only one of my income streams. I am not stupid, Davy. I worked for what I have and I’m set for the rest of my life, however long it is. I am enjoying every day of it too! ^_^
Davy on Tue, 17th Mar 2020 4:21 am
“But Davy, who said I don’t have enough “money” to survive? Not me. I keep telling you I am prepared for the future whether it is a day or 20+ years. During my 12 years here, I could have transferred millions of dollars, tax free, so you have no idea what I have, You don’t want to believe me because it bursts your little hate bubble.”
Except you have a big mouth and talk out of both sides of it. One the one hand you bash the rich but then say you are rich. WTF please. I have been moderating you now for years. I have a good idea what you have but really could give a shit. You are just somebody that needs to be moderated because you are a maggot feasting on the truth for your own personal, emotional, and selfish reasons. Don’t think you can come here and daily attack me directly and indirectly and not get the same in return.
“If I can live on less than $5/day how much do I need? Do the math. $5 X 365 days X 20 years = $36,500. But my investments are earning me 4% to 14% annual interest in secure banks here, not the market casino. Not in my name, of course but someone I totally trust.”
Makato, your investments are gone. You just got a hair cut as we all have. If you don’t have a life and good people around you then you are fucked. You left your family to live a cheap club med life in the P’s to spend bitching about the US.
“But that is only one of my income streams. I am not stupid, Davy. I worked for what I have and I’m set for the rest of my life, however long it is. I am enjoying every day of it too! ^_^”
You are pretty senile and stupid.
P.S.
BTW everyone has a plan until they get punched in the mouth (Mike Tyson). We will see how well plans hold up here. Notice juanPee is gone. How long until this site goes down? We might have a serious step down going on so claiming you are ready is bullshit. Claiming this virus is stupid is another big mistake. Jut think of all you could have done in the last month, makato. I started stepped up prepping the first news that China had an uncontrollable virus. I am glad I did because you can’t get “stuff” like just a few months ago anymore anywhere including Asia. Food will soon be an issue EVERYWHERE!!
Davy on Tue, 17th Mar 2020 4:37 am
“Everybody has a plan until they get punched in the mouth.”
Mike Tyson
I am seeing a reactive posture everywhere I look which means we have been punched in the mouth and now looking for a plan. I am a green prepper who has been working on resilience for 15 years and my ass still puckers knowing what might be ahead for a nation and a world that tries to reboot something complex with complicated networks and systems. This is a very dangerous time anyone discounting that has not done the math and science. Personally, I see martial law ahead mainly because too many people will burn through food and medicine quickly and be desperate. Shut downs do things like this. China and Italy had a global world still functioning. Now Europe and Asia are shut down from normal and the US is going into a shut down. Never has a global world had this happen. I think we are floating around now in the unknown. The revised plan should be keep the health care system from being overwhelmed but lets not forget food chains and supplies of all sorts either. Where is the plan for that? It is too early for this yet because shelves are going bare but no widespread hunger…yet. Remember Food has a 3 day rule for human behavior, the 4th day is ugly.
Davy on Tue, 17th Mar 2020 4:52 am
“Stunning Video From A Locked-Down Europe”
https://tinyurl.com/toyk6nn zero hedge
“Everything that you just saw in Europe, lockdowns, ect… – well, it’s coming to America in the weeks ahead. Prepare.”
The Board on Tue, 17th Mar 2020 5:42 am
Davyskum give the bullying and bullshit routine of yours a rest before we are forced to suspend your cut and paste privileges here. This is a area for intelligent and thoughtful people to post. Your actions, your repulsive character and a total lack of any redeeming qualities make it very clear that you do not belong here.
The decision of The Board is unanimous. Pack your bag and begone silmeball.
Davy on Tue, 17th Mar 2020 5:50 am
Hi, juanPee, maybe instead of mindless juanPee trollshit maybe some prepping advice could be offered. Tell us how to weed a garden with a propane torch or something. LOL
Abraham van Helsing on Tue, 17th Mar 2020 6:29 am
Anticipating the possibility of a quarantine that could last for weeks if not months, I drove yesterday 2 hours westwards to Westkapelle in Zeeland, to see if I could observe my hobby horse, the Borssele offshore windfarm.
https://www.youtube.com/watch?v=QDPSmYYmnK0
My latest $1500 iPhone camera was unable to detect them, but my old eyes could clearly see them: tens of towers plus rotors, not yet turning.
The roads were still full with trucks, coming from Rotterdam, the largest harbor of the entire Atlantic world by far, servicing the EU hinterland of 440 million and as such one of the largest Dutch cash cows. Location, location, location! But very few cars, resulting in a Dutch road system without any traffic jam whatsoever; that hadn’t happened for years. All office workers are at home behind their laptops, doing exactly the same work they would do at the office, but now via Skype and VPN. How is that for resilience! The internet is now showing its true value, making car traffic superfluous. This could provide the impetus for the days after Corona. Why driving long daily distances if I could do the work virtually as well, in a neighborhood office, you share with other virtual companies?
The only possibility to score a cup of coffee was in the empty Shell petrol station, all restaurants, cafe’s, fast food joints, were dutifully closed.
Most of the economy is still working, minus tourism. Germany and Holland managed to reduce their debt over the past decade and as a result tens of billions are standing by to prevent companies from collapsing.
On the other side of the North Sea, they are less disciplined:
https://www.dailymail.co.uk/news/article-8120425/London-stays-open-business-Cafes-shops-flout-government-advice-shut-down.html
“London stays open for business: Cafes and shops flout government advice to shut down for 12 weeks amid confusion over coronavirus lockdown”
“Taking it on the chin” as BoJo used to call it, after he made a U-turn and followed the example of Europe and announced a total lock-down.
But announcing is one thing, getting it implemented quite another.
Abraham van Helsing on Tue, 17th Mar 2020 6:55 am
Container traffic:
https://www.weforum.org/agenda/2019/02/visualizing-the-world-s-busiest-ports
China 40%
Rest East-Asia 31%
Europe 15%
USA 4%
Note: containers, that the produce between 0-1000$. That’s not the entire economy. Planes, cars, trains, power stations, machinery, wind turbines are to big to be transported in containers.
We all know who the real winners and losers are:
https://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance
Note that without the bleeder UK (-107B), the EU will make a giant leap from 200B to 300B surplus.
Davy on Tue, 17th Mar 2020 7:27 am
cloggo, those numbers are yours not the article. Besides it goes to show how much more vulnerable exporters are in a collapsing globalism. The US is in top 3 PPP and number 1 GDP so your numbers do not reflect real wealth just notional export capacity based upon container traffic BTW that is currently bumping a trend towards zero. What percent of zero is zero don’t you don’t understand.
China 40%
Rest East-Asia 31%
Europe 15%
USA 4%
Abraham van Helsing on Tue, 17th Mar 2020 8:09 am
“cloggo, those numbers are yours not the article. ”
You desperately need new glasses:
https://tinyurl.com/yx6uz322
China 40%
Rest East-Asia 31%
Europe 15%
USA 4%
“Besides it goes to show how much more vulnerable exporters are in a collapsing globalism.”
Asia will be stuck with its produce.
The US won’t have any produce at all.
I leave it to you as an exercise to figure out who is the most vulnerable.
It will take years, if not decades, for the US to replace the Chinese production capacity, the US squandered since 1980, propelled by its vision of One World, lead by US oligarchs from the UN building in Manhattan.
In 1980, the US was still ca. 90% white and hence social stable. No more. The US cities are now filled with non-whites, who have mainly needs and little productive capacity. Most can hardly read and write.
As Paul Craig Roberts has repeatedly said: the US will be a third world country by 2024 and there is nothing you can do about it… other than to secede and escape from (((Washington))) and apply for membership to the European world… as a junior partner, exactly the status appropriate for a former colony that went (((rogue))). Please line up behind Britain, Canada, Australia and New Zealand. You never know how lucky you could be. Perhaps you are even going to be let in. Not that you would deserve it.
Abraham van Helsing on Tue, 17th Mar 2020 9:35 am
“Venice’s canal water looks clearer as coronavirus keeps visitors away”
https://edition.cnn.com/travel/article/venice-canals-clear-water-scli-intl/index.html
“Right now, though, the whole country is under lockdown as coronavirus continues to spread, and locals in Venice have noticed that the water in the city’s canals has become much clearer, with small fish visible swimming around.
Several people have uploaded photos to a Facebook group called Venezia Pulita (Clean Venice), attracting comments from other users.”
https://www.youtube.com/watch?v=ZzNV5R-Gf6I
Abraham van Helsing on Tue, 17th Mar 2020 9:53 am
2020 promises to be a “good CO2-year”, in a “negative” sense, as in “less”:
https://www.scotsman.com/news/transport/coronavirus-uk-airports-could-close-weeks-passenger-numbers-plummet-2480564
“Coronavirus: UK airports ‘could close in weeks’ as passenger numbers plummet”
World becoming bigger again (MWGA).
KLM-Air France expects 70-90% flights cancelled in the coming 2 months:
https://www.ad.nl/binnenland/vliegverkeer-komt-tot-stilstand-toekomst-europese-luchtvaart-is-precair~a6beecd9/
Wouldn’t be surprised if most airports will shutdown completely. Empty concrete jungles. Perhaps they leave a few regional airports open for VIP-traffic.
2019 was probably peak air-traffic throughout history.
Amsterdam Airport passenger numbers:
https://nl.wikipedia.org/wiki/Luchthaven_Schiphol
1920 – 440
2019 – 71,000,000
Almost uninterrupted growth for a century between these two dates, except for 2003 and 2009.
Perfect opportunity to simply forbid flying on conventional fossil fuel after the apparent upcoming complete collapse of the aerospace industry and reduce flying to 1000 km max on hybrid electricity/hydrogen only, with far smaller passenger numbers, who can still afford flying.
Commoners will still know about flying through the cinema.
“Is it true granddad that you used to fly to Spain?”
Richard Guenette on Tue, 17th Mar 2020 10:03 am
There are good alternatives to toilet paper (Cloth rags, newspapers, cotton balls just to name a few). For an example, the ancient Romans used a sponge on a stick to wipe themselves clean.
The real reason why people are buying too much toilet paper is for personal financial gain (to resell it- think black market), not for hygienic purposes.
Richard Guenette on Tue, 17th Mar 2020 10:17 am
The Mayans used corn cobs to wipe themselves clean.
dissident on Tue, 17th Mar 2020 10:33 am
There is no f*cking way the UK is ready for 8 million cases. They will tell 99% of them to stay home and recover on their. Sweden is already telling those under 40 years to stay home and deal with it by themselves and it only has 700 cases. Socialized medicine has absurdly long waiting lists under ideal conditions. It has no capacity for shock loading of even 700 out of a population of 10 million. You can scale this to the UK and Canada.
Duncan Idaho on Tue, 17th Mar 2020 10:56 am
High Healthcare Costs and Low Medical Capacity Makes the US Uniquely Vulnerable to the Coronavirus.
(Coronavirus is exposing all of the weaknesses in the US health system)
https://www.vox.com/policy-and-politics/2020/3/16/21173766/coronavirus-covid-19-us-cases-health-care-system
But, you get to pay twice as much, and have a shorter life!
Duncan Idaho on Tue, 17th Mar 2020 11:09 am
GOP Groundhog Day: Why do we keep electing Republicans? They’re no good at this
(If you’re starting to get that special “George W. Bush feeling,” you’re not alone. Will America learn its lesson?)
https://www.salon.com/2020/03/17/gop-groundhog-day-why-do-we-keep-electing-republicans-theyre-no-good-at-this/
Duncan Idaho on Tue, 17th Mar 2020 11:15 am
“Trump voters justified this choice by suggesting that an obnoxious, undisciplined “businessman” who sold steaks in Sharper Image mall stores was fully qualified to run the world’s most powerful government (which isn’t at all like a business). This was like shoving a carnie who runs the Tilt-a-Whirl into the cockpit of a Space-X rocket. Maybe he’ll stir things up, they thought, choosing to experiment with the presidency by handing an erratic weirdo the nuclear codes. What could possibly go wrong? For starters, the rocket is nosediving, and we’re all passengers, including the voters who put us here.
We tried to warn the Red Hats. We tried to remind them what happened the last time around. But rather than employing basic common sense or, at the very least, a Google search for what went down during the previous, slightly less moronic Republican administration, they decided to jam their faces into the GOP propeller blades once again, and here we are. Ned “The Head” Ryerson should be along any second now, refusing to abide social distancing.”
Davy on Tue, 17th Mar 2020 12:13 pm
“Did Obama-Era CDC Bureaucrats Botch The Coronavirus Testing Response?”
https://tinyurl.com/qshyxbb zero hedge
“Well, the left-wing press has been carrying out a campaign to place the blame for the agency’s failures squarely on the shoulders of President Trump, with the Washington Post lambasting him for closing a pandemic preparedness office set up by President Obama to combat Ebola – even as the official charged with dissolving the office, writing also in the Washington Post, that these charges are specious. At any rate, we’ve noticed that these claims have largely been circulated by former Obama-era CDC officials, who have leapt at every chance to criticize the administration’s overall response, along with the ‘botched’ testing rollout, on cable news. But in an investigative piece overnight, the Washington Post laid out how the CDC, acting mostly independently of the administration and in keeping with the precedent for epidemic response, strung the White House along by claiming to ramp up testing while many of the tests were defective. But even as some labs figured out how to fix the defects, and others carried out testing on their own, the CDC remained inexplicably inflexible until suddenly admitting that it had been wrong, then promising to do better, once the demand for tests hit a critical apex…To be sure, it seems Trump badly erred by appointing Alex Azar to lead DHHS and Dr. Robert Redfield to lead the CDC. Coming from the lobbying world and academia, they didn’t have the experience to lead the response, forcing them to rely on underlings inside the CDC, many of whom are career bureaucrats who resent the Trump Administration’s management of the bureaucracy. When these underlings insisted that the ‘red tape’ was there for a reason, Redfield had little choice but to defer to their expertise, at least initially, before other outside experts started to complain. Meanwhile, all the Obama-era employees and underlings responsible for getting their leaders up to speed (like Dr. Messonnier, who is mentioned several times in the WaPo report), repeatedly told their bosses that this is the standard response and that they must wait for the CDC to figure out this knot of problems before opening the gates to corporate partners.”
Davy on Tue, 17th Mar 2020 12:21 pm
“Amazon Suspends All Shipments Other Than Medical Supplies, Household Staples”
https://tinyurl.com/whhahwy zero hedge
“As we detailed below, Amazon was already struggling to meet delivery goals and having problems with stock, but now, in a blog post, Amazon told sellers on Tuesday that it’s suspending shipments of all non-essential products to its warehouses to deal with the increased workloads following the coronavirus outbreak. “We are temporarily prioritizing household staples, medical supplies, and other high-demand products coming into our fulfillment centers so that we can more quickly receive, restock, and deliver these products to customers,” the message said. That means sellers who use Amazon’s storage and delivery network for a fixed fee, through a program called Fulfillment by Amazon, will no longer be able to ship their products to Amazon. “We are seeing increased online shopping, and as a result some products such as household staples and medical supplies are out of stock.”
joe on Tue, 17th Mar 2020 1:25 pm
Fed to buy corporate debt directly from companies. Zombie money for zombie companies. Nationalise the Fed, the US government will own all companies. Is there a free market? Companies will just unload all their own balance sheet liabilities and liquidate them for cash. Jesus Christ!
joe on Tue, 17th Mar 2020 1:36 pm
The EU is treating Italians with contempt
Even amid the coronavirus outbreak, the EU has levied an extortionate fine on Italy.
Given the difficult times, you might be forgiven for expecting to see some solidarity for Italy from the EU. For the EU’s champions, it is a beacon of European cooperation. But last week, when Italy pleaded for assistance and for emergency medical supplies, using EU’s Mechanism of Civil Protection, not a single other member state responded to the call.
the EU is actively punishing Italy. The European Court of Justice (ECJ), which enforces EU law, ruled on Thursday to levy a €7.5million fine on the virus-stricken nation. The fine was administered for Italy’s apparently ‘illegal’ use of state-aid funds for the struggling hotel industry in Sardinia. To add insult to injury, Italy will need to pay an additional €80,000 for every day that the fine remains unpaid.
“https://www.spiked-online.com/2020/03/17/the-eu-is-treating-italians-with-contempt/”
Duncan Idaho on Tue, 17th Mar 2020 1:54 pm
“As per the CDC website, as of mid day 3/17, the USA has not yet achieved any day of virus testing over 3000/d
[including both public and private sector testing].
Only 4 days have exceeded 2000 tests/d.
Its a gross failure of the culture.
Russia has tested 5 times more people than USA.”
Case, Case, Cluster, Cluster, Boom!
Abraham van Helsing on Tue, 17th Mar 2020 1:56 pm
https://www.spiked-online.com/2020/03/17/the-eu-is-treating-italians-with-contempt/
You must be an idiot to present your link in between quotes. Joe esquire is such an idiot.
Spiked who?
https://en.wikipedia.org/wiki/Spiked_(magazine)
“Spiked (also written as sp!ked) is a British Internet magazine focusing on politics, culture and society.”
OK, written by British, the deadly enemy of Europe and the white race in general, most of all of themselves, responsible for instigating two world wars.
They are clearly trying to sow discontent between EU-member states in a transparent and futile attempt to blow up the EU.
Not a single reference can be found on the web to this “fine”, not even in the farticle itself. No doubt invented by these cretins, just like their holohoax.
Remember folks, England produces only 50% of its own food, and those 50% are for a substantial part produced by Eastern European.
That’s all we need to remember.
Furthermore, all the wind turbines in Britain are produced and installed by Europeans (just like in the US). Priority should be given to the transition in Europe, not England (we can make an exception for Scotland).
Russia and China are preparing for war against the US by blaming them for Corona.
The EU is setting Europe up for war against England over Gibraltar:
https://documents1940.wordpress.com/2020/02/02/gibraltar-the-danzig-of-ww3/
Macron is preparing France to leave “brain-dead NATO”.
Let the fun begin!
Duncan Idaho on Tue, 17th Mar 2020 2:03 pm
Dow 30
20,868.12
+679.60(+3.37%)
The Fat Boy and the Thugs are getting some of that 3000 point loss back.
Late stage capitalism is a interesting journey, but not a pleasant one.
joe on Tue, 17th Mar 2020 2:14 pm
Abraham van Helsing on Tue, 17th Mar 2020 1:56 pm
Truth will set you free.
Scores will be settled when this is over
Abraham van Helsing on Tue, 17th Mar 2020 2:17 pm
“Truth will set you free.
Scores will be settled when this is over”
Absolutely!
Scores are finally going to be settled… with you lot.
Duncan Idaho on Tue, 17th Mar 2020 2:22 pm
European Union leaders agree to close external borders due to coronavirus
https://www.cnbc.com/2020/03/17/coronavirus-european-union-leaders-agree-to-close-borders.html
Abraham van Helsing on Tue, 17th Mar 2020 2:24 pm
“Independent Scotland could re-enter EU within ‘four to five years'”
https://www.thenational.scot/news/18310645.independent-scotland-re-enter-eu-within-four-five-years/
Welcome back, folks, miss you!
Dutch love declaration for Scotland-in-the-EU and the Scots return the favor:
https://www.ad.nl/friesland/schotse-liefdesverklaringen-voor-leeuwarden-na-vlaggenverwisseling~a9da6745/
https://www.scotsman.com/news/politics/why-there-scottish-saltire-hanging-dutch-city-leeuwarden-2073273
“Why is there a Scottish Saltire hanging in the Dutch city of Leeuwarden?”
world grater supreamcist muzzie lovin i knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeed giveaway on Tue, 17th Mar 2020 2:38 pm
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world grater supreamcist muzzie lovin i knew some wrong when a pretty little white girl ran to a black man arms dead giveaway deeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeed giveaway on Tue, 17th Mar 2020 2:53 pm
supertards, plese dont’ go for younger women, they’ll beat you up and take ur money and take u to jail. i’m watching video of amber heard now. why did stupid johnny depp do it?
use ur hands supertards
oh please love supremacist muzzies they’re soft and cudly
what happened to supertard elon and amher heard, he quit! very smart supertard elon
oh yeah supertard glynn shotwell gona “launch for the security of America” yay
and there’s latest news about shuttle misslions too
if u want ur rd-180 u keep it “muzzie hussein omama”