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Trump has gone bankrupt six times with other people's money, and his standard business practice for forty years has been to stiff on contracts and then say "sue me"; then he makes a lowball offer. He's careful to pick business relationships where the other party needs cash and can't wait out the trial.
As far as Corona Virus, in three weeks there will be a million cases in the USA if we don't deflect it somehow.
From their recent blather, I don't think anyone in this administration cares about adding trillions in debt to the bottom line, and they have the political cover to do it.
I see Nikki Haley has gotten cold feet and resigned from the Boeing BOD, but so far I'm not seeing any conservatives (and I know I won't find any Democrats) worrying about adding to our already Un-Fortress America balance sheet.
It's OPM to them
Other People's Money
Hannah Lang reported on Twitter
Hannah Lang
@hannahdlang
·
4h
On CNBC, Calabria says that if economic fallout from coronavirus lasts more than 6 weeks, Fannie and Freddie could need help from Congress or the Fed.
What's logically next after another draw?
Smart people understand what's happening
receivership
I keep seeing people posting or saying variants of 'I'm healthy, it's just the flu'. What these people aren't considering is other human beings who may catch it from them, and then die or have serious rest-of-life medical problems as a result.
For example, all those idiots on Spring Break in Florida will soon go home to mama.
The government will start to get religion soon...I saw last night that the first member of Congress has it.
Sobering Message From Italy's Ground Zero:
Luke is a 'Twitter Friend' in Italy...this is what's happening in his village...Ground Zero.
"I’m from Bergamo, north of Italy, Lombardia. My town it’s the symbol of this tragedy. Only yesterday we had 300 deads. Military bring them out of town ‘cause there is no more spots in cemetery.
It’s like a war: curfew, no one around, silence which is broken by ambulances sound, militaries in the street, deads. try your best to learn from bergamo mistakes! stay at home! Most of them are aged men, but the age is lowering lately. Some casualties were perfect healthy. Many died at home, because hospitals can’t manage them: they are complete. They are building military tents now trying to cure more people they can.
Thanks. Stay safe there!
coronavirus can live for 24 hours on cardboard
New study finds that coronavirus can live for 24 hours on cardboard
https://www.sfgate.com/science/article/Study-Coronavirus-droplets-cough-air-cardboard-15140344.php
A new, preliminary study has found that the novel coronavirus can survive for up to 24 hours on cardboard, but people probably don’t have to worry about receiving packages.
The study by the National Institutes of Health, CDC, UCLA and Princeton University scientists in the New England Journal of Medicine shed new light on the surface stability of SARS-CoV-2, which causes COVID-19. The research has not been peer-reviewed or published yet, but the findings were released last week.
The NIH study found that SARS-CoV-2 lasts for two to three days on steel and plastic. However, copper surfaces tended to kill the pathogen in about four hours.
Surprisingly the scientists discovered that the virus could survive up to a full day on cardboard, significantly longer than previously expected because porous surfaces are not typically hospitable to the microbes.
Dr. Amesh A. Adalja, Senior Scholar, Johns Hopkins Center for Health Security, told Tom’s Hardware that even domestically mailed packages are likely safe.
“The temperature of the air surrounding the packages and projects during shipping is not considered conducive to viral viability,” he said.
How long SARS-CoV-2 can survive on clothing and other fabrics is not yet clear.
“We speculate due to the porous material, it desiccates rapidly and might be stuck to the fibres,” Vincent Munster, head of the virus ecology section at Rocky Mountain Laboratories and one of those who led the NIH study, told the BBC.
Neeltje van Doremalen, an NIH virologist, and her fellow researchers, also found that SARS-CoV-2 could be aerosolized — meaning a liquid or solid (the virus) suspended in a gas (like air) — in a lab setting and potentially survive in still air for up to three hours.
However, the evidence so far suggests that the new coronavirus can exist as an aerosol under only very limited conditions and that this transmission pathway is not a factor in the spread of the disease, according to Stat News.
COVID-19 is primarily spread through person-to-person transmission via respiratory droplet, from coughs or sneezes, according to the Centers for Disease Control and Prevention,
A single cough can produce up to 3,000 ultra-fine droplets. The droplets are about 1 to 5 micrometers in size — about 30 times smaller than the width of a human hair.
“It may be possible that a person can get COVID-19 by touching a surface or object that has the virus on it and then touching their own mouth, nose, or possibly their eyes, but this is not thought to be the main way the virus spreads,” the CDC states on its website.
Thanks, Ken. One of the many great aspects of America today is that we don't always have to agree on everything, and we have the opportunity to speak our minds. I regularly get called an idiot for that haha, but I don't mind because they are usually right
I agree, even less probably
Americans, bless our hearts and minds, are notoriously independent, and we get mighty truculent when somebody tells us "no"
Let's hope for the best but prepare for the worst, and let's be kind to those less fortunate than us at this moment on the road of Life
"The note of hope is the only note that can help us or save us from falling to the bottom of the heap of evolution, because, largely, about all a human being is, anyway, is just a hoping machine."
--Woody Guthrie
Trust but verify...
I'm sifting through all the reports I can, panning the channels from left to right and back again.
But in my opinion, it's best to listen most to what the decidedly non-political medical professionals are saying, especially those with their boots on the ground...
What are your Risk Factors?
I'm sure we're all under 50 and have no underlying health issues, but it's good to know what those other poor unfortunates are up against
https://www.yahoo.com/lifestyle/high-risk-coronavirus-older-adults-nurses-prisoners-183518538.html
Maybe where you live, not in California
haha
If we can trust the reporting coming out of China
I read a tweet from my president that said they haven't been truthful
We're all working for the Clampdown now, whether we like it or not
What makes you think the Government will let Joe Public do what he wants?
There's no near term positive catalysts at the moment, although things can turn on a dime in the investing world if they create a vaccine or find a really good theraputic drug(s). There is some hope of that, but unfortunately at this time we are not even close to peak cases.
Is anticipating "widespread shortages" Bullish?
More bargains coming in the weeks and months ahead
https://news.yahoo.com/u-virus-plan-anticipates-18-190626012.html
"" WASHINGTON — A federal government plan to combat the coronavirus warned policymakers last week that a pandemic “will last 18 months or longer” and could include “multiple waves,” resulting in widespread shortages that would strain consumers and the nation’s health care system.
The 100-page plan, dated Friday, the same day President Donald Trump declared a national emergency, laid out a grim prognosis for the spread of the virus and outlined a response that would activate agencies across the government and potentially employ special presidential powers to mobilize the private sector.
Among the “additional key federal decisions” listed among the options for Trump was invoking the Defense Production Act of 1950, a Korean War-era law that authorizes a president to take extraordinary action to force American industry to ramp up production of critical equipment and supplies such as ventilators, respirators and protective gear for health care workers.
“Shortages of products may occur, impacting health care, emergency services, and other elements of critical infrastructure,” the plan warned. “This includes potentially critical shortages of diagnostics, medical supplies (including PPE and pharmaceuticals), and staffing in some locations.” PPE refers to personal protective equipment. ""
New York's coronavirus outbreak is projected to peak in about 45 days and overload the local healthcare system: Gov. Cuomo:
https://www.yahoo.com/news/yorks-coronavirus-outbreak-projected-peak-173102687.html
In other news, the doctors are starting to die:
March 18 (GMT)
4207 new cases and 475 new deaths in Italy. 1084 new recoveries were also reported today [source] [video]
COVID-19 has infected 2,629 health workers, or 8.3% of the total (more than twice the percentage in China), as of yesterday March 17 [source]
In Bergamo (Lombardy region), 118 out of about 600 family doctors (20%) have been infected, and a 65-year-old doctor has died [source]
Today, a 57-year-old doctor has died: he was the secretary of the Federation of General Practitioners of Lodi [source]
A week ago, a 67-year-old family doctor, president of the Varese Medical Association, had died [source]
Mnuchin is musical, he's playing an incredible shrinking base
Mnuchin Proposes Buying Votes with $500 Billion in Checks Based on Income, Family Size
https://www.yahoo.com/news/mnuchin-proposes-500-billiion-checks-155337048.html
"" Government payments would arrive on April 6 and May 18, in equal value, based on the an outline of the White House’s coronavirus stimulus plan obtained by Bloomberg News. The amount of the payment would be linked to income and number of children in a family.
“Payment amounts would be fixed and tiered based on income level and family size,” the Treasury department wrote in the proposal. “Treasury is modeling specific options.”
President Donald Trump said the details of the payments are still under discussion.
“Every number that you mentioned, yes we’ve talked about those numbers, we’re also moving those numbers in both directions,” he said at a White House news conference on Wednesday, in response to a question about the amount of the payments. “It could be, and we’re also playing with a lot of numbers, a lot of very big numbers and a lot of very small numbers, frankly.”
Mnuchin first outlined the proposal Tuesday in a closed-door meeting with Republican senators. One of them, Josh Hawley of Missouri, has called for payments that would be adjusted based on family size and income. Another, Mitt Romney of Utah, had supported across-the-board $1,000 checks.
Mnuchin has said the government won’t send checks to millionaires. During the meeting, Mnuchin supported means-testing the payments, an official familiar with the matter said. He also suggested Trump supported the approach, telling Hawley that there’s a person in the White House who agreed with him, without saying who, the official said. ""
And those 1% are showing extraordinary support for the country's leadership team today...
That's okay, we know where they live
They got the guns but we got the numbers
Good for you
But you didn't answer my question:
are you gonna cash the check or send it back?
If you've been paying attention, that number has been at 12 for a week
You're simply proving my point: we don't know yet
I'm not saying that at all
I'm saying there is too small of a sample size of closed cases to know the eventual mortality rate.
Until we have closed thousands of cases the true trend will not be known
Blaming the media is convenient, but there have been news reports about the serious nature of Coronavirus daily since December.
Weren't you paying attention?
Facts
https://www.worldometers.info/coronavirus/#countries
At this moment, in the USA there have been 116 Deaths and 106 recoveries. So more than 50% of closed cases have resulted in death.
There's 7,176 open cases in the USA currently, over 2,000 new cases in the last 36 hours
Facts.
Now what have you got?
Wash your hands
Too small of a sample size to really know yet
But provable facts betray your theory so far
People in their 40's and 50's are also dying
Treatment drugs, even if efficacious, are not a cure for the spread of the disease
Until there is a widely distributed effective vaccine, things have changed
https://www.marketwatch.com/story/heres-one-analysts-take-on-the-coronavirus-drugs-for-today-and-the-future-2020-03-18?siteid=yhoof2&yptr=yahoo
Now that's Socialism
Let's lynch the landlords
Thank you <eom>
So you'll send your $1,000 check back to Treasury, right?
Because you don't believe in Socialism and Big Government.
I'm neither a "musician" [sic] or a "Liberal"
I'm an extremely angry shareholder in FNMA
I'm a Royalist (and I believe I should be the King).
America has 53 million people over the age of 65 (Italy total population, all ages, is 58M)
https://news.yahoo.com/coronavirus-concerns-rise-floridas-snowbirds-020723509.html
"" 'Deadly to older adults' -
Florida usually has the largest proportion of elderly people in the United States: 20.5 percent of its population is over the age of 65, according to a 2019 study by the Population Reference Bureau.
Last year, that trend was beaten slightly by Maine, with 20.6 percent of its 1.3 million people over 65. But Florida has more than 21 million people, and 1.1 million are over the age of 80. ""
All Bill cares about is money LOL
"The market will soar"
What makes you think it's only ten weeks for the 53 million over 65 and all the people who are younger than 65 but have compromised health (add say at least 50 million more people).
My risk is the same now or in 6 months if I catch it.
Life has changed.
Dow 30 fighting to stay above 20K today, next major support is at about 16,250. I expect we'll be there in about 6 weeks as reality sets in and the number of cases/deaths rise exponentially.
The USA is largely a service economy owned by oligarchs, and they are lining up for big bailouts, even as they are laying off Labor, their biggest expense (Boeing alone just asked for a rather breathtaking $60B).
How much of those bailouts will trickle down to the laid off workers?
$1,000 to the millions of displaced workers is a like micturating into the wind.
And we're already $21T in debt, good thing interest rates are 0%, or is it? Low interest rates robs old people of income. Old people will be the hardest hit by the virus. There are 53 million americans over the age of 65.
Fortunately our current leadership team has an expert in bankruptcy at the helm, so I'll sleep well tonight.
I agree with everything you said, except I'll just add that Mnuchin is a second generation GS crony, as his daddy was there for 33 years.
"" After graduating from Yale, [Steve's Dad, Robert] Mnuchin served in the Army for two years and subsequently joined Goldman Sachs in 1957, staying there for 33 years. Mnuchin was named a general partner in 1967, headed the trading and arbitrage division in 1976, and joined the management committee in 1980. He, along with his co-worker at Goldman Gus Levy, developed Goldman's block trading business and ran the firm's equities division until his retirement in 1990. In his final year before retirement, he earned a reported $8.7 million salary. ""
$8.7 million salary in 1990, wow.
https://en.wikipedia.org/wiki/Robert_Mnuchin
Mnuchin: unemployment could rise to 20%
March 17, 4:45 p.m., U.S. Treasury Secretary Steven Mnuchin issued a warning to Republicans Tuesday, noting that unemployment in the United States could rise as high as 20% due to impacts from the coronavirus.
As Bloomberg reported, Mnuchin told the senators he suspects the negative economic impact from the coronavirus outbreak could have a worse outcome for U.S. workers than the 2008 financial crisis.
https://www.sfgate.com/bayarea/article/Coronavirus-updates-UCSF-ER-doctor-shares-story-15137125.php
Cases are doubling every ten days
9% death rate on closed cases
take care and good luck
https://www.worldometers.info/coronavirus/#countries
What are you babbling about?
The situation in China has been reported literally daily since late November.
On February 26th Trump said "The 15 [cases within the US] within a couple of days is going to be down to close to zero".
This should take you to USA cases:
https://www.worldometers.info/coronavirus/country/us/
Both your state and county/parish should have a public health website, so you might search for that too
Thank you
it's important we all pay attention to what is happening as it's a changeable situation
Also, thanks to Mr. Fence for providing this excellent tracking website link:
https://www.worldometers.info/coronavirus/#countries
Together, we are going to beat this
Edit: 1/4 of the total world cases came in the last 48 hours
March 14: 156,653
Now: 194,515
Difference: +37,862 = +24% increase in two days
We're just getting started here
There will be a million cases within three weeks at this rate
Wrong