Posted on 03/06/2020 6:09:07 AM PST by Enlightened1
I remember hearing after the Russian hoax failed the D.C. Establishment would try to wreck the Trump economy, and I think that is what we are witnessing.
Yes Coronovirus is real and deadly in China. Although the hysteria in the media is causing the mass sell off.
https://www.cnbc.com/pre-markets/
It’s what they did to Dubya just before the 2008 election to ensure that Zero got elected, but they overdid it a bit.
The job numbers out this week are again spectacular with 273,000 new jobs added and unemployment at 3.5%. No, the economy is not tanking. It’s the Deep State and their Wall Street financier puppets trying to sink it because that’s all they have left in their desperate attempt to defeat Trump in November!
CNBC Knows their audience is fanatical people so they are doing thier best to crash the economy because it might hurt Trump. If millions of Americans get hurt too bad it will be worth it.
Bingo!
With the number of deaths so far, it would be a very good thing indeed if we did mass testing and found out that the actual number of infected was 5, 10, or 20 times the current level.
If we had 20 times more infected people, but the number of deaths remain the same, that would then make the death rate much, much smaller and lessen the panic over the disease.
February Jobs numbers were revised UP, which IIRC never happened under the Obummer administration.
There's no logical reason for the stock market to be down today. None.
Yes the supply chain disruptions could take 6 months to correct.
If you are widget manufacturer and other companies need your widgets to make their final products and you are located domestically in the United States and all of your China competition is closed for the Wuhan Flu. Your business is going to explode, you are going to need to hire people to keep producing 24.7 and if possible expand production. Your suppliers are going to need to expand production as well.
In the long run, this could be a boost.
This might be a lesson to corporate America to not throw all of their eggs into the China basket.
But right now, things look bad, but in 6 months things will look great again. However people think things will be as bad 6 months as they are today.
Except that I doubt we’re even testing dead people. It took a breakout at the nursing home in Seattle before anyone even thought of going back and looking at a recent, now-confirmed, death.
Nervous Nancys that is why
They watch CNBC CNN MSNBC basically fake news and the see the world falling apart because Orange Man Bad
When other outbreaks happened under Obama and killed 11,000 kids in the United States the media was there telling us how Obama has everything under control and wash your hands and do what Obama says.
That isn’t happening, they are telling us that Trump is a liar, incompetent, orange man bad and we are all going to die
“Yes the supply chain disruptions could take 6 months to correct.”
Perhaps, but I think we’ll be dealing with it for years. There will be a lot of upstream problems that keep popping up. Things like a certain type of fastener needed for producing a long-lead item...but inventory is gone and that item is low on the priority list. We may well peak in 6 months...but at least several years before things are reasonably humming again.
And then travel...2 years for air travel and hotels, and 5 years for cruise ships (if ever).
My predictions.
How long until BAILOUT talk starts?
The money machine manipulators should quarantine Vega$. Shut it down. I heard from a friend who just came back and saw a lot of Orientals there. One of them sounded like he sneezed. My friend is OK so far. Thanks for asking.
Propagandists of the world UNITE! Or is it Bourgeois Socialists of the world UNITE! I forgot, Bern. Help me out here, old man.
Oil just collapsed - I’m in the money !
“How long until BAILOUT talk starts?”
EXACTLY. Thanks. One of my favorites...
https://www.youtube.com/watch?v=jmK-YWSJ8Eg
The Fed over the last 30 years are boxed in a cornor.
They cannot raise the interest rates and print money forever without wrecking the economy.
Thanx for the link.
The stock market was getting speculative and due for a correction. When this happens, anything can set it off, and the politicians will blame it on their pet peeves. Due to White House pressure for low interest rates, the Fed can’t help because interest rates for bonds have become negative.
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