I’M NOT CONVINCED IT’S A BUBBLE. I THINK ITS THE RECENT EO actions that have changed the fed/treasury relationship. where before the treasury didn’t retain control of assets borrowed against for stimulus now they do. what the spike represents is the cover stimulus being shown in this new light. IMHO
Just a quick drive by tonight. Texas spiked by 2,500 cases above its recent trend, which are contained in the national totals.
Governor Abbot gave a presser to explain that they just received confirmations on a large number of prison tests which they had been waiting on for awhile.
Then again, I understand Air Conditioning is quite popular in Texas this time of year. :)
United States CHINAVIRUS Cases (includes "Recoveries")
Date New Total New Linear Model
Cases Cases Since
Actual Actual 5/9/2020
3/14/2020 2,717
3/15/2020 761 3,478
3/16/2020 1,167 4,645
3/17/2020 1,717 6,362
3/18/2020 1,407 7,769
3/19/2020 5,911 13,680
3/20/2020 5,605 19,285
3/21/2020 7,462 26,747
3/22/2020 8,478 35,225
3/23/2020 11,107 46,332
3/24/2020 8,816 55,148
3/25/2020 13,870 69,018
3/26/2020 16,635 85,653
3/27/2020 19,363 105,016
3/28/2020 19,448 124,464
3/29/2020 17,892 142,356
3/30/2020 22,003 164,359
3/31/2020 25,151 189,510
4/1/2020 27,005 216,515
4/2/2020 28,698 245,213
4/3/2020 32,740 277,953
4/4/2020 34,123 312,076
4/5/2020 25,544 337,620
4/6/2020 30,576 368,196
4/7/2020 31,916 400,112
4/8/2020 32,020 432,132
4/9/2020 33,618 465,750
4/10/2020 35,551 501,301
4/11/2020 31,942 533,243
4/12/2020 27,289 560,532
4/13/2020 26,623 587,155
4/14/2020 26,937 614,092
4/15/2020 30,468 644,560
4/16/2020 35,221 679,781
4/17/2020 30,550 710,331
4/18/2020 29,521 739,852
4/19/2020 24,413 764,265
4/20/2020 28,648 792,913
4/21/2020 32,128 825,041
4/22/2020 24,051 849,092
4/23/2020 37,617 886,709
4/24/2020 38,329 925,038
4/25/2020 35,858 960,896
4/26/2020 26,426 987,322
4/27/2020 23,185 1,010,507
4/28/2020 25,258 1,035,765
4/29/2020 28,807 1,064,572
4/30/2020 30,638 1,095,210
5/1/2020 36,242 1,131,452
5/2/2020 29,312 1,160,764
5/3/2020 27,358 1,188,122
5/4/2020 24,778 1,212,900
5/5/2020 24,763 1,237,663
5/6/2020 25,520 1,263,183
5/7/2020 29,440 1,292,623
5/8/2020 29,162 1,321,785
5/9/2020 25,524 1,347,309 1,347,309
5/10/2020 20,329 1,367,638 1,369,669
5/11/2020 18,196 1,385,834 1,392,029
5/12/2020 22,802 1,408,636 1,414,389
5/13/2020 21,712 1,430,348 1,436,749
5/14/2020 27,245 1,457,593 1,459,109
5/15/2020 26,692 1,484,285 1,481,469
5/16/2020 23,488 1,507,773 1,503,829
5/17/2020 19,891 1,527,664 1,526,189
5/18/2020 22,630 1,550,294 1,548,549
5/19/2020 20,279 1,570,573 1,570,909
5/20/2020 22,466 1,593,039 1,593,269
5/21/2020 27,863 1,620,902 1,615,629
5/22/2020 24,192 1,645,094 1,637,989
5/23/2020 21,734 1,666,828 1,660,349
5/24/2020 19,608 1,686,436 1,682,709
5/25/2020 19,790 1,706,226 1,705,069
5/26/2020 19,049 1,725,275 1,727,429
5/27/2020 20,528 1,745,803 1,749,789
5/28/2020 22,658 1,768,461 1,772,149
5/29/2020 25,069 1,793,530 1,794,509
5/30/2020 23,290 1,816,820 1,816,869
5/31/2020 20,350 1,837,170 1,839,229
6/1/2020 22,153 1,859,323 1,861,589
6/2/2020 21,882 1,881,205 1,883,949
6/3/2020 20,578 1,901,783 1,906,309
6/4/2020 22,268 1,924,051 1,928,669
6/5/2020 41,657 1,965,708 1,951,029
6/6/2020 22,876 1,988,584 1,973,389
6/7/2020 18,825 2,007,409 1,995,749
6/8/2020 19,084 2,026,493 2,018,109
6/9/2020 19,056 2,045,549 2,040,469
6/10/2020 20,852 2,066,401 2,062,829
6/11/2020 23,300 2,089,701 2,085,189
6/12/2020 27,221 2,116,922 2,107,549
6/13/2020 25,302 2,142,224 2,129,909
6/14/2020 19,920 2,162,144 2,152,269
6/15/2020 20,806 2,182,950 2,174,629
6/16/2020 25,450 2,208,400 2,196,989
6/17/2020 2,219,349
6/18/2020 - 2,241,709
6/19/2020 - 2,264,069
6/20/2020 - 2,286,429
6/21/2020 - 2,308,789
6/22/2020 - 2,331,149
6/23/2020 - 2,353,509
6/24/2020 - 2,375,869
6/25/2020 - 2,398,229
6/26/2020 - 2,420,589
6/27/2020 - 2,442,949
6/28/2020 - 2,465,309
6/29/2020 - 2,487,669
6/30/2020 - 2,510,029
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I'm not sure this is a difference that makes a difference ... i.e., the extent to which Mnuchin is directing the Fed asset purchases versus the Fed doing it the old fashioned way.
One POTENTIAL benefit, which has not been totally lost on me, is that the Fed may not be able to sabotage Trump's reelection as easily (assuming they wanted to).
Honestly, I don't have a clear reading yet as to where President Trump stands with respect to the global financial power and other long-term power centers. He seems to be quite aware (and an incredibly fast learner) about the types of factions and forces that have brought on the major wars of the last few centuries, the communist takeover of huge parts of the world, as well as the nation of Israel and events in Europe and the Middle East.
He knows that any leader who pushes back hard on these extra-national forces is playing a very dangerous game; and, he may very well have staked out alliances.
He himself brings to the table at least 60 million or more Americans ready to back his play.