Dalal.Holdings

WHO is a science led org. When there are a lot of unknowns, scientists like to use the phrase “there is no evidence that...” but it is important to remember that absence of evidence is not evidence of absence. On the flipside, there also isn’t a whole lot of evidence that you can get this twice if your immune system is functional. So really, we know nothing. But they are erring on the side of caution. These scientific statements confuse a lot of lay people. That’s why you see a lot of brilliant minds in places like here jump on the “see! WHO said no evidence of human to human transmission in mid january so this proves they did not think it was a big deal!” That’s nonsense due to misinterpretation of the “no evidence” statement by scientifically illiterate lay people. For a long time, there was “no evidence” that smoking led to lung cancer because doing a study that proves such an association is very very hard. Same thing with this outbreak which is only like 4-5 months old, so we have a lot of absence of evidence and the only thing that makes sense is to invoke the precautionary principle in such a situation.

It gets better and better... Airline tickets purchased by taxpayers for flights that are never taken--all for the oil industry. Who would have thought. Surely electing a guy incapable of acting beyond pure self interest to the Presidency would have no negative consequences!

https://www.reuters.com/article/us-global-oil-usa/u-s-weighs-taking-stakes-in-u-s-energy-companies-other-options-mnuchin-idUSKCN2262TY?il=0 It’s not socialism if it helps with the reelection campaign. Drill baby drill!

They work by drawing people into arguing with their nonsense. Let me help him out: “That guy on 5th Ave sort of had it coming anyway and Trump said afterwards that he didn’t really mean to shoot him—he was being sarcastic with the gun, so it’s not the big deal you guys are making it”. That’s the pathology we are dealing with.

Yep. Yep & yep. Our choices are abominable but I'd vote for a warm turd running against Trump. False equivalence fallacy (equivalent to "both sides are bad!") here... Anyone with a moral compass capable of putting something else above self interest would be preferable to what we have now. Biden and most other non-sociopathic humans have him beat by miles. Rather have a President who stutters than one who recommends bleach injections.

Meanwhile, spin doctors like Scott Adams are claiming that Trump was actually making a sophisticated medical point, and Trump himself basically says he was talking about it, but was kidding. Kind of like if you deflect all the blame for your handling of the pandemic to the WHO and Governors. Either way, it’s a win-win.

https://www.cnbc.com/2020/04/24/coronavirus-trump-tries-to-walk-back-disinfectant-suggestion-claims-sarcasm.html Not to be worried, he was being sarcastic. Making a joke. Kind of like what he’s done w the Presidency and what you want in a President during a pandemic where 50k Americans are dead. Teflon Don strikes again, followers will lap it up “dur, he was just joking can’t you see that u libtards!”

De Blasio is terrible and should be removed from office. Many democrats agree with this. I wholeheartedly agree with this. People died because of the mayor’s incompetence, and many more may die if he holds his parade. However this is something you will never hear Trumpers say about Trump though—as he famously said: he can shoot a man on 5th ave and they will be at his side. He has undying loyalty of some. He is not an idiot—he made the 5th ave claim knowing full well the truth—he is a master puppeteer (works on many people) and you can indeed fool some of the people all of the time.

Yes, I see it now: intravenous bleach infusion, bombardment with UV rays, gamma rays, etc etc and patients will be straight up cured! And his apologists were out defending hydroxychloroquine because this guy was behind it... We now proudly celebrate ignorance in our culture--and you see the manifestation here on this forum and in the population at large. The consequences of said ignorance unfortunately does not merely fall on the ignorant, but spreads to the wider population via collateral damage. Oh well. I read this and and first i thought that cwericb and dalas were having a bit of fun. ...But then I saw the video. What.... the fuck?! This is no joke. The real joke is that some people keep rationalizing/defending this guy’s conduct. 50K dead. Not much else to say.

He's very talented at manipulating situations/people to his advantage. He's not just rocks for brains. He knows how to fool segments of the populace and I'd say does a pretty good job of it. Must have helped somewhat in the casino business.

Yes, I see it now: intravenous bleach infusion, bombardment with UV rays, gamma rays, etc etc and patients will be straight up cured! And his apologists were out defending hydroxychloroquine because this guy was behind it... We now proudly celebrate ignorance in our culture--and you see the manifestation here on this forum and in the population at large. The consequences of said ignorance unfortunately does not merely fall on the ignorant, but spreads to the wider population via collateral damage. Oh well.

Reads like The Onion.

Dalal, I don't think he is smart enough to know the difference between CFR and IFR. So he might actually believe this B.S. Like I said, we leave the “best of the best” of this forum to do what they do best: the blind leading the blind! Often wrong, never in doubt! I do not respond to such individuals any longer on this forum, they earn the consequences of their thinking.

everyone like dalal has been quoting a mortality rate of 3-4% for covid, Don't misquote me. dont have to dipstick. your hubristic pronouncements are all over this thread Keep up the good work, you treasure you.

The goalposts are moving so fast it's hard to keep track. Reminds me of TSLAQ. In the middle of March it was speculated repeatedly that "covid was here widespread for months" and there were hundreds of thousands/millions cases undetected "months ago" (i.e. that would imply January). Now they're saying they said the whole time that it was widespread in the middle of March, not January. Gee, isn't that interesting. It was those of us on here from the end of February pounding the table saying it was exponentially exploding here in the U.S. starting in March and people like Cuomo who said we needed to lock down in March because cases were getting out of hand. Clever attempt to move the posts. Oh well. It's not my job to inform and correct the record. Not my idea of time well spent. Keep on keeping on.

everyone like dalal has been quoting a mortality rate of 3-4% for covid, Don't misquote me.

Oh, why did the Fed make us take on too much leverage over the past decade! Who knew that leverage can be a bad thing! Let’s see who makes it out of this stronger—PE with high leverage or BRK with cash on hand... just as a data point, BX just said they took no money from the government, don't plan to, and have ample reserves to support their companies. Well thus far they have been ineligible to take money due to limitations on leverage. However lobbyist groups which partly represent BX among other PE clients sure are working hard to change those rules: March 31 (they weren’t explicitly pushing for it then): https://www.cnbc.com/2020/03/31/coronavirus-private-equity-firms-lobbied-congress-treasury-in-bailout-push.html April 23 Bloomberg article (but they are looking to loosen up the rules now!): https://www.bloomberg.com/news/articles/2020-04-23/private-equity-to-get-squeezed-out-of-another-stimulus-program I highly doubt Blackstone will publicly say it wants the money. It will instead work in the background through its lobbyists to change the rules in its favor...

https://www.bloomberg.com/news/articles/2020-04-23/private-equity-to-get-squeezed-out-of-another-stimulus-program Sounds like all these “sophisticated” PE investors now want some assistance from the government. Here’s a gem: Oh, why did the Fed make us take on too much leverage over the past decade! Who knew that leverage can be a bad thing! Let’s see who makes it out of this stronger—PE with high leverage or BRK with cash on hand...

I believe (Just my opinion and worth nothing) that he will wait it out as no one no how deep this mess will get and make sure Berkshire survives, then if any is left he will buy. Who knows If the banks have enough reserves for the coming storm. As someone said "Patience" "The big money is not in the buying and selling, but in the waiting." And “All of humanity's problems stem from man's inability to sit quietly in a room alone.” Clearly some people are incapable of the above and believe the buying opportunities that will come with this crisis are already gone. And it's only been 6 weeks of this crisis...Reveals pretty much how hard it is for people to follow through with the quotes above.

https://www.bloomberg.com/news/articles/2020-04-22/top-health-official-says-he-was-ousted-over-trump-touted-drug There seems to be a disease that is endemic. No, I am not talking about Covid. I am talking about the epidemic of pride in ignorance that afflicts this administration and its supporters. There is unfortunately wide collateral damage beyond the administration & its supporters. And people ask how dare we criticize this administration w moves like this? Please.

The best part is watching them squirm when their lack of knowledge is exposed. It's pretty hilarious, in a "laugh so you don't cry" sort of way. Crazy how those in charge get a free pass. “But their intentions were good.” So it really doesn’t matter if they burn down the house with their stupidity. Actually, the stupidity is to be celebrated; and the more stupid the better. And then we are told that all this stupidity is just ‘common sense.’ It is explained and twisted in ways that reek of Animal Farm. George Orwell is smiling from the grave right now at all the irony. The problem is when we all share "the house" with them... Similar problem with the environment. Oh well.

Especially considering that the Fed now probably holds a good chunk of these bonds...

A leader willing to take on blame? Actually accept the downside? Refreshing. A stark contrast to "I take no responsibility" (no skin in the game) type leaders. I know which type of leader I vastly prefer during a real life crisis.

FYI this lends more color here: https://www.bloomberg.com/news/articles/2020-04-21/negative-oil-prices-are-literally-breaking-traders-risk-models CME Group Inc. said late Tuesday that the clearing house will switch the options pricing and valuation model to Bachelier -- a model named after the famous French mathematician -- to accommodate negative prices in the underlying futures and allow for listing of options contracts with negative strikes for a certain set of crude oil and energy products. The change is effective Wednesday and will remain in place until further notice. Holy cow--negative strikes.

Perfect cop out. Now shift blame to the states. Trust has been lost. The scientists got on their soap box, pointed to their models, and made their predictions of doom and gloom. Nowhere in the 1-2million death model stated “If we shelter in place” then we will see the outcome that we have seen (empty hospitals, death toll 10-20 times less than expected). They are definitely saying that now, but it feels like an after-the-fact revision. And now there is a doubling down .... it will be later. You must have missed the whole "flatten the curve" thing being passed around by the scientists, doctors, and epidemiologists. It was pretty hard to miss. Anyway, mission accomplished--flattening the curve allows some the luxury of now saying "see, we overreacted'.