Notes of the day
Wuhan virus -
See the many FR threads but these actions caught my attention-
Food run is on across the country. Fueled by the national emergency declaration stores saw crowds descend to buy out products. Locally cases of flat out panic buying. Expect increased panic buying as people’s realize stores are lacking products. This is the third wave of buying I warned about.
Iraq -
In a bold daylight attack, overnight Iranian backed proxy groups launched about 33 Iranian made fajir-1 107mm rockets at camp taj. Quick security force response stopped a second volley with 33 captured rockets. Initial reports of 5 injured, one serious. Previous attacks have been at night.
Israel/hezebollah-
reports are coming out that Hezbollah leader Hassan Nasrallah has been put in quarantine after meeting with Iranian military officials who may have the coronavirus. Distain of protective measures by Iranian Shia has created a massive loss of life in Iran. Numerous leaders are infected and have died.
Wonderful news!
I’m not a mormon, but I grew up in the culture in Utah. My family is good for six months of food. It’d be nice to be able to run down to Costco and pick up some ribs for the grill today, but no ... this shit is bonkers.
Hope people calm down soon. I looked for a thermometer on amazon. They have baby rectile and dog ear models. Expected delerivy for adult humans is May. LOL.
Anyway, thanks for your daily updates!
Economic fallout from the Corona virus is swamping the news waves. Here is what I’ve been able to glean.
Wuhan Virus -
See FR threads on the virus for other issues. Below are the news items that grab my attention. We are entering uncharted waters as far as this pandemic goes. . . . . .
Sweeping business shutdown/limitations by states and cities across the nation following three days of shopping chaos. CDC has endorsed an 8 week period of ‘social distancing’ and closure of businesses/events >50 persons. The economic battering ram aspect to the corona virus is hitting full stride. All these focus on crashing the DOW further. Crude oil and precious metals prices dropping like a rock as well (start looking for good deals on physical metal).
The corona virus fears seem to have impacted some of the global hotspots. No one on the streets of Beirut for example, Iran still bucking under its massive plague, etc. Even ISIS has told its terrorists to stay out of Europe due to the virus.
Black Swan -
Recommend keeping an eye on Deutsche Bank Stock. It is Lehman brothers on steroids and red bull. DB was designated by the IMF as the “most systemically dangerous bank” in the world back in 2016.
Syria -
There are reports surfacing that Syria has restarted their chemical weapons program. This is based on analysis of an Israeli attack on targets in central Syria believed to have been a chemical-weapons production facility.