Advertising Karma Hits Corporate Media and the New York Times Calls for Bailout. The Media Matters / Sleeping Giants blocklists are just another spread of torpedoes that circled back around. A rational movement might start thinking about why that keeps happening. . . . Due to the coronavirus and a healthy dose of karma, newspaper … Read more
New video (not mine) from #NYC where bodies of the victims of #COVID19 line the sidewalk outside a hospital for transfer to a mobile morgue unit. #NewYork #coronavirus #FlattenTheCurve #CoronaUpdate #Quarantine @NYCEMSwatch pic.twitter.com/sJm6gQh7qT — Sam (@gotmybelton) March 29, 2020 Listen to everyone in the background, they all have Jamaican sounding accents, so where and when … Read more
2020 may be the first year of falling global GDP since WWII. Wow … that’s an impressive historical statistics. And it was only the final years of WWII/aftermath where output fell. @capitaleconomics via @SoberLook pic.twitter.com/25gjD23BKc — Adam Tooze (@adam_tooze) April 2, 2020 With this report, there should be little doubt that…US is already in deep … Read more
Maybe David is right. The cure for the GFC is beginning to look like it was worse than the disease. The difference between then and now is that the leverage is buried deeper and much of the lending has moved into the shadows. https://t.co/351KFwljWA — Danielle DiMartino Booth (@DiMartinoBooth) April 1, 2020 @bondstrategist stating the … Read more
by KimchiCuresEbola If there’s demand… I’ll do a part two on equity factors and how to use factors to decide what companies to buy options for. Commodity Term Structure Basics Mr. FuzzyBlankeet, Esq. touched upon futures in his last post, so I’m not going to go into more detail on the basics, but something he left out … Read more
By Wolf Richter for WOLF STREET: The lockdown regime has changed the once booming housing market. Real estate businesses, such as real estate brokers, mortgage brokers, and other types of businesses, and the government offices that make it all work are now considered “essential businesses” under federal guidelines and under California lockdown rules. Social distancing must still be observed. But … Read more
by quantize_me How many Americans do you think are currently infected with SARS-CoV-2? How many Americans do you think will die? Write your answers down, this isn’t China, no bullshitting. Trump’s estimation of 200,000 deaths with a peak in mid-April is almost certainly an underestimate. Information based on “confirmed cases” is a load of crap … Read more
by trophicspore2 Let’s rally together and estimate all unemployment numbers again: Also looks like last weeks number are going up “Last week’s headline number of 3.28 million claims — itself a more than 1,000 percent increase — is also expected to be revised upward, in part because of stark discrepancies between data that states reported at … Read more
https://t.co/fTBrCbIy1N — Invariant Perspective (@InvariantPersp1) April 1, 2020 The market should be more worried about a ‘second wave’ of coronavirus cases, JPMorgan says https://twitter.com/GregMannarino/status/1245428169772945408 Stocks never bottomed near peak consumer confidence. Period. pic.twitter.com/kFoR6t6t7N — Otavio (Tavi) Costa (@TaviCosta) April 1, 2020 185 stocks in the Russell 1000 are down more than 70%. — Michael Batnick … Read more
ANDREW CUOMO: ‘Four fifths of coronavirus patients who need ventilators will end up dead.’ “Governor Cuomo said: (The New York coronavirus death toll) is people who have been on a ventilator for a period of time. ‘If you go on a ventilator there is only a 20% chance you will come off it.’” So why’s he making … Read more