This Is Worse, And China Is More Fragile Today

Why China can’t recover quickly from the coronavirus outbreak like it did with SARS.   I THOUGHT WE WERE PRETTY SURE ABOUT THIS: Whether we can contain coronavirus depends on whether it’s communicable before symptoms appear. Related: Pilots Union Files Suit to Halt American Airlines Flights to China Amid Coronavirus Outbreak. Also: Nigeria to Quarantine Chinese Returnees. Nigeria’s infectious-control … Read more

The WHO Declares Coronavirus A Global Pandemic, Corona Virus, Chicago, First Us Person To Person

https://twitter.com/fylni/status/1222969257677533184?s=20 The husband of the woman in Chicago who is in the hospital with Corona Virus, has now been confirmed as having the virus. I have never posted on this site, but have been a follower for years. But I have some direct intel on this. The husband had not been quarantined or anything, he … Read more

Second-Order Effects: The Unexpectedly Slippery Path to Dow 10,000

by Charles Hugh-Smith Dow 30,000 is “unsinkable,” just like the Titanic. A recent Barrons cover celebrating the euphoric inevitability of Dow 30,000 captured the mainstream zeitgeist perfectly: Corporate America is firing on all cylinders, the Federal Reserve’s god-like powers will push stocks higher regardless of any other reality, blah blah blah. While the financial media looked elsewhere for … Read more

Student Enrollment Dropped 11% Since 2011, Student-Loan Balances Surged 74%. Why?

What’s Behind the Screwed-Up Student Loan Fiasco? By Wolf Richter. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: Enrollment in higher education in the United States has dropped by 11% from the peak in 2011. That’s a drop of 2.2 million students over the span of eight years, according to data from … Read more

US GDP Rose by $850 Billion in 2019 as US National Debt Surged by $1.2 Trillion. Debt-to-GDP Ratio Hit 108%

Dream of 3% economic growth remained a dream despite surge in government borrowing and spending. By Wolf Richter for WOLF STREET. The dreams of 3%-plus economic growth in the US remained dreams in 2019, despite tax cuts and ballooning federal government spending, which are a stimulus. But the resulting budget deficit caused the gross national debt to balloon … Read more

GnS: Coronavirus Has The Potential To Trigger A Global Depression

Submitted by Tuomas Malinen of GnS Economics Coronavirus and the world economy The outbreak of the coronavirus epidemic in China has shaken the global asset markets—and with good reason. The coronavirus has the potential of being the ‘trigger’ which will push the world into a global depression. Here, we briefly explain why. The outbreak It looks … Read more

CreditKarma Tax instructions are incorrect for the Premium Tax Credit (1095-A) section if you have more than one 1095-A. It calculated a $10,000 refund when I should only get $5000.

by Happy_Harry​ This section of the Premium Tax Credit (1095-A form) section directs you to add the totals of all 1095-A forms together for lines 33A, 33B, and 33C. However, if you read the instructions for Form 8962, it explicitly says you are NOT supposed to add the amounts together for column B. The column B totals should … Read more

There is a major disconnect between stock prices and underlying fundamentals

There is a major disconnect between stock prices and underlying fundamentals. US economy-wide corporate profits have been in a declining growth trend and just turned negative. The same pattern led directly to past bear markets and recessions.https://t.co/pthziakG1d pic.twitter.com/4Hpn64eioF — Kevin C. Smith, CFA (@crescatkevin) January 30, 2020 Dip buyers, consider the following:https://t.co/9GuDlmurU4 Thanks for the … Read more

China’s share of global consumption today, relative to its level when SARS hit (via BCA Research)

https://twitter.com/Birdyword/status/1222751730003140608 https://twitter.com/ZhaoyinFeng/status/1222905683957428224 Some people in China are taking no chances when it comes to personal protection against the coronavirus outbreak pic.twitter.com/ugykY9vQzq — South China Morning Post (@SCMPNews) January 30, 2020 Our first estimate of the impact of the #Wuhan #coronavirus on Asia. Watch the travelers. @ANZ_Research https://t.co/wRRlCWTN27 — Richard Yetsenga 叶森 🇦🇺 🇭🇰 🇹🇭 🇳🇱 … Read more

How fast is the Wuhan Virus spreading?

by aesop_tables The information presented here was gathered from disease outbreak news reports from WHO, ECDC and CDC numbers for the current Wuhan coronavirus, and various news outlets when the Wuhan virus initially broke out. Stuff about the R0 was taken from publications by Althaus (2014), “Estimating the Reproduction Number of Ebola Virus (EBOV) During … Read more

In 2019, there was 516 homicides in Chicago. 356 in Philly. 348 in Baltimore. When will the democrats want to do something to actually help their cities?

by smurfin101 Dems love using mass shootings to push their agenda. However, they completely ignore the murders that happen in their cities. It’s almost like they don’t even care? Chicago Stats – https://heyjackass.com/ Philly Stats – https://6abc.com/5802150/ Baltimore Stats – https://www.baltimoresun.com/news/crime/bs-md-ci-cr-2019-homicide-final-count-20200101-jnauuumukbdh3edsyypspsm3he-story.html Chicago has had Democrat mayors since 1931 – https://en.wikipedia.org/wiki/Mayor_of_Chicago Philly has had Democrat mayors since 1952 – https://en.wikipedia.org/wiki/List_of_mayors_of_Philadelphia Balitmore … Read more

Secret Service Agents And U.S. Marshals Are Patrolling Our Schools

by mapi Image: Philadelphia Enquirer  The U.S. Secret Service and the U.S. Marshals Service has been expanding into America’s school system at an alarming rate. The Secret Service is training school administrators and teachers to identify violent students in numerous states like Pennsylvania, South Carolina, Louisiana and Kansas. As the Secret Service report “Protecting America’s Schools” mentions, there is no profile that school … Read more