Fannie Mae-No Politics (FNMA)

[imtheshadow]

Fauci did say one billion by the end of 2021 (see below) ... I thought your reference to year end meant 2020 ... my error ...

and, fwiw, I think 2021 is going to be another rough year ... even one billion doses by the END of 2021 is still only ~15% of the world population ... and, unless the US and some other countries get really serious about masks/distancing/testing/tracing/quarantine, the 20M WW cases right now will be just the beginning ... while gov't/business will try to push re-opening, FEAR by average citizens will keep many sectors down ... and the appetite for gov't stimulus is ALREADY waning ... and who knows how much more the fed can support markets by buying financial assets ... at some point that will become like pushing string (negative rates) ... bottom line - we are in TOTALLY uncharted territory ... the drop in US Q2 GDP was a 5 SIGMA event (0.00001 percent chance of happening) ... so we really have NO historical framework for how things go from here ... bullish/optimistic talk by gov't/bus leaders can help mitigate the fundamental and psychological funk caused by business cycles, but I don't think it will do much against mother nature - who ALWAYS get the last word ... humans are amazing adapters/survivors, but more challenges are coming

https://www.businessinsider.com/fauci-drugmakers-will-have-1-billion-covid-vaccines-by-2021-2020-8