Tucker Carlson: Burr Must Explain or Resign Over Stock Dump
“There is no greater moral crime than betraying your country in a time of crisis,” Carlson concluded on Thursday night.www.thedailybeast.com
Our countries leaders selling stocks before announcing it to the public.
Resign? The guy should be in jail
Same goes for Kelly Loeffler
Sen. Kelly Loeffler reportedly 'dumped millions' in stock before coronavirus tanked markets
Sen. Kelly Loeffler, R-Georgia, has become the second lawmaker to have reportedly sold stock weeks before the coronavirus outbreak triggered a stock market downfall.www.foxnews.com
You are seriously mistaken if you think the Dow down a thousand has even the slightest thing to do with that exchange.
In real value terms nowhere near the bottom of this plays out. All of the post recession geniuses think you can fake out the numbers by throwing money at it. That being the case, a Dow falling 90% will never happen again. You may not be able to buy a loaf of bread for under 500 dollars, but the Dow would be relatively propped up in the worst scenario.
Of course it adds up. Their quarantine looked like a war-zone, like crushing an uprising. Only the tanks were missing. Our quarantine is more like "pretty please, if you don't mind, would you be so kind to keep your a$$ at home?".
Chinese could be lying about their numbers but they also cracked down a lot harder.
Chinese Pandemic Vet Tells Italy: You Are Being Too ‘Lax’
After Milan visit, Red Cross official said Italians in the hardest-hit areas are not doing enough and that the lockdown needs to be far more restrictive.
They're also going fo get hit with it again later. They know it is inevitable. They are just waiting until it is widespread enough to be viewed as unstoppable in the rest of the world before ending their quarantine so they can blame the end result on the West. In a way, they will be correct, but their efforts now are more about saving face than lives. No nation can escape this now, because it will find it's way back in
I'm telling you, S&P is going to bottom out at 1500. Down could hit 15 year lows. I'm betting it bottoms out around 13,500 though, I'm not *that* grim
They won't get hit as badly as the first time.
If we won't have a vaccine, we'll have herd immunity by then, to slow things down even without isolation. Already there are millions who have had the disease without knowing it. It's been propagating since December-January. All it takes to get to the US is an airplane. (What we thought was severe viral pneumonia has probably been Covid.)
Herd immunity requires that a large number of people actually get it. That is what I am saying is inevitable. And it only holds up on a population level- even if this tears through the rest of the world and China holds fast, they're going to have trouble justifying shutting down everything once a year to save a few lives and will likely let it just harvest the 2-3% it was going to.
Flattening the curve saves millions of lives. And we are not just flattening the curve; we are also raising the capacity of our healthcare system. Once we get the new cases under that threshold, we can start living our lives again, while naive patients keep getting the disease in a more controlled fashion. It will be stop and go for a while, not highway speeds. Like emptying a dam lake.
I think you're right. WE haven't yet;. The Chinese and the Koreans seem to have. Their advantage is that they have isolated the epicenters, as if this were Ebola, while we'll have the whole country infected, because we have no idea where/who the infected are. Our leaders were busy selling their stocks and securing their wealth, instead of preparing the country.
By propped up I'm referring to the unlimited printing press of the FED and the Federal government to dilute the worth of everything. The number will stay propped up as much as it can be, but the real value worth will be significantly worse. Massive inflation basically.
We are because ICU capacity hasn't been exceeded. An ideal strategy is closing down everything once ICUs approach capacity then easing up two weeks later and repeating indefinitely, as proposed by the UK's pandemic response team
www.cnn.com
Very interesting you say that. I've been asking from the beginning (a whole week of panic now) if flattening the curve too early just drags it out even longer without significant gain.
