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   #221  

Uwe

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   #223  

DV52

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Jack: I'm not sure that the Pope is someone that I would listen-to when seeking advice about global economics!!

But then, he is meant to be inflammable (hmm... perhaps this is the wrong word) when speaking about religious matters and I'm equally unsure but this super-power too!

Don
 
   #224  

Jack@European_Parts

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Here is a NostraJackASS economic prediction quatrain list of questions and fallout of the COVID-19 FRYING-PAN-DEMOGRAPHICS! is it by common sense?

Is this a test of companies & employees to survive during switching over from being at commercial rel-estate foot print & to work remote and further use of analytics to weed out under performing personnel?

Will you see the following if this plug is not put back in the wall soon, because the UPS BATTERY is about to die and is beeping pretty rapid now?

Stock Market/BOND 401K municipal Insurance retraction and will continue to 50% pull back from highs and possibly lower?
Houses lose instant equity in urban areas and rural will see a spike in value and no loans being made commencing from COVID-19 & soon start getting foreclosed on after people not able to pay after the forbearance from being unemployed?
Commercial paper and property exponentially continue too auger in like a missile shot through fuselage of TWA flight 800?
Non discretionary income for services and pleasure will be scarce for the average schmuck at rub and tug?
New Car & all industry after selling cars or product at zero % financing and no payments for 6 months to a year in repo and the default on this debt since people can't pay is immense?
Used car and parts market for next year or two & continue to be dangling by a thread & then maybe turn around?
Credit card non secure paper in free fall coming soon?
Country is going to shoot up on heroin and alcohol with riots and crime like you have never seen before?
Is a ventilator going to save you from the heart attack or suicide it will create and shear panic if people don't believe they have a future to look forward too?

The rich politicians & bank cock suckers win again or do the poor rise up with weapons and slaughter them just for fun?


Widespread Bankruptcy!

340

A true one World Monopoly or do we dish out the checks & go to a new WAR?
 
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   #226  

Uwe

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   #227  

Jack@European_Parts

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No, and it won't save you from Wuhanic Plague either. If a patient gets to the point of needing to be intubated, their chance of leaving the hospital alive are pretty dang slim.


Total waste ventilator = 85% death rate so why are they making these?
It does feel a bit like a controlled demolition, doesn't it?

-Uwe-
Sure does, doesn't it, sort of like 911?

If the virus does not get you the rest will huh?
 
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DV52

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Total waste ventilator = 85% death rate so why are they making these?


Because if they put you on one, they get to bill someone (your insurance company or Medicare/Medicaid) a huge pile of money.

-Uwe-

gentlemen: really?

Perhaps the real answer to Jack's question is that to do otherwise would be to allow seriously ill covid patients to drown in their own pulmonary fluids.

usa-today said:
Ventilators aren’t really making any therapeutic contributions," said Ogbonnaya Omenka, an assistant professor and public health specialist at Butler University's College of Pharmacy and Health Sciences. "What they do in essence, is provide life support – and buy time for the patient.

So ventilators (these aren't the same as home ventilators that use face masks) allow those fortunate to survive the time for their own immune systems to recover sufficiently to fight the virus

usa-today said:
If you were one of the one-third, I suspect you’d be very appreciative that that capability was available," Carroll said.

As to how these ventilators are funded - that's an entirely separate matter to the medical imperative to save as many as possible (I think)?

Don
PS: quotes from here
 
   #230  

Jack@European_Parts

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The future to come is massive corporate and consumer de-leveraging!

Check your sources on what you believe is an ASSet safe haven!
 
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DV52

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^^^ Jack: I've got an important question for your covid-19 observations on this thread. It's much more important than "consumer -deleveraging", or ventilators: is the term "face-mask" a tautology?

Don
 
   #233  

Mike R

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Proposal: You Get A $2,000 Stimulus Check Every Month

Two House Democrats want to enhance the $2.2 trillion stimulus package known as the CARES Act. Representatives Tim Ryan (D-OH) and Ro Khanna (D-CA) have introduced new congressional legislation — the Emergency Money for the People Act — to provide $2,000 per month to Americans who have been impacted by the COVID-19 pandemic. Under their proposed legislation, the congressmen would continue monthly cash payments to eligible Americans until employment returns to pre-COVID-19 levels.


https://www.thebalance.com/unemployment-rate-by-year-3305506

Unemployment levels hadn't been "Pre COVID-19 levels" since 1969. That's not really a fair bar to set. Supposedly 80,000,000 Americans are receiving stimulus checks this time around. Lets just do a little quick math. $160Bn a month until unemployment goes back to under 3.5%? Not to mention unemployment benefits are also through the roof right now. Why work for a living?
 
   #234  

Bruce

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Unemployment levels hadn't been "Pre COVID-19 levels" since 1969. That's not really a fair bar to set. Supposedly 80,000,000 Americans are receiving stimulus checks this time around. Lets just do a little quick math. $160Bn a month until unemployment goes back to under 3.5%? Not to mention unemployment benefits are also through the roof right now. Why work for a living?

You will not be the only one to draw that conclusion should such a package be implemented. Talk about a welfare state. And the only way to pay for such is to print more money... which means, all this give away will be for naught. Inflation will make the amount they give worthless.

Do tell me they are not this silly... please?
 
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   #237  

Uwe

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I guess the Fed is gonna find out that your can't print a place to store crude oil?

Quote of the Day:

"Guys I think I fucked up on oil futures. What is delivery?"

tyFGzUy.gif


-Uwe-
 
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Uwe

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I suspect we are just past the "Return to normal" point, and about to enter the "Fear" slope.

-Uwe-
 
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Jack@European_Parts

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https://www.barrons.com/amp/article...heres-what-that-means-for-ford-gm-51587396560
Used-Car Prices Cratered. Here’s What That Means for the Auto Universe.

https://finance.yahoo.com/amphtml/n...sh-away-americas-retail-sector-142047677.html

A tsunami of bankruptcies are about to wash away America's retail sector

https://oilprice.com/Energy/Oil-Prices/0-Oil-Forces-Canada-To-Shut-Down-Crude-Production.amp.html

$0 Oil Forces Canada To Shut Down Crude Production

https://amp.cnn.com/cnn/2020/04/20/business/oil-price-crash-bankruptcy/index.html

Oil prices turned negative. Hundreds of US oil companies could go bankrupt
 
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