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Party over? Depression of the likes we have never seen before?


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Seems like morons in charge want to lock people up:

 

Coronavirus live updates: U.S. cases continue their rapid rise; Chicago issues stay-at-home advisory ahead of Thanksgiving

https://www.cnbc.com/2020/11/12/coronavirus-live-updates.html

 

It is pretty hard to tell how markets will react going forward?

 

Seems to depend on people obeying or telling officials to go f. off!

 

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All I can say is that I hope people take measures to let politicians know how they feel. Folks have demonstrated that they are fine living with the virus. We dont need government and MSM drumming up stories and sensationalizing this thing for the sake of power grabs. I certainly hope that people hold these politicians accountable. It is nice when there are consequences. Cuomo for instance has spent months blaming Trump. When Trump is gone, what is he to do? Face the people hopefully.

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And before the whole "hospital capacity" thing comes up, China built a mega hospital in 8 days. The fools and politicians have had 6 months to make plans and prepare....but now they want their ineptitude to be everyone else's problem.

In the US can the government build a hospital, staff it and offer healthcare to sick people?

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And before the whole "hospital capacity" thing comes up, China built a mega hospital in 8 days. The fools and politicians have had 6 months to make plans and prepare....but now they want their ineptitude to be everyone else's problem.

In the US can the government build a hospital, staff it and offer healthcare to sick people?

 

Yeah, it’s called the VA and it’s fucking terrible LOL

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The Mayor of Chicago - Lightfoot is a total moron:

 

https://www.breitbart.com/health/2020/11/12/chicago-mayor-lori-lightfoot-issues-stay-at-home-advisory-asks-residents-to-cancel-thanksgiving-plans/

 

 

 

Mayor Lori Lightfoot

@chicagosmayor

 

A Stay-at-Home Advisory for Chicago will go into effect on Monday, November 16th at 6:00am.

 

This advisory calls on all Chicagoans to do the following:

 

- Stay home unless for essential reasons

- Stop having guests over—including family members you do not live with

- Avoid non-essential travel

- Cancel traditional Thanksgiving plans

 

 

I was really hoping you socialist lovers in Canada would take this idiot off our hands!

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Really it is a power trip for politicians to lock cities down. So if given half an excuse they can't resist. Especially as lockdowns make it easier to get money from the government. Politicians have job security and big houses so their lockdown experience isn't that bad. And once one major city is in lockdown it is easier for other major cities to follow.

 

Tough to figure out how markets will react. I think there has been some of the same complacency as during the first wave and markets will react like they didn't see this coming. So perhaps another shock crash but a lot milder because a) the stuff affected by Covid such as financials, real estate, energy etc. didn't really participate in the recovery b) Big Tech are seen as covid beneficiaries so a flight to Big Tech (in spite of rich valuations) is more likely than a flight to cash c) there will be the expectation of a lot of money printing and generous fiscal stimulus to offset lockdown measures d) the economy has already shown it can rebound pretty strongly when lockdowns lift e) we have a vaccine so this winter should be the last lockdown

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The Mayor of Chicago - Lightfoot is a total moron:

 

https://www.breitbart.com/health/2020/11/12/chicago-mayor-lori-lightfoot-issues-stay-at-home-advisory-asks-residents-to-cancel-thanksgiving-plans/

 

 

 

Mayor Lori Lightfoot

@chicagosmayor

 

A Stay-at-Home Advisory for Chicago will go into effect on Monday, November 16th at 6:00am.

 

This advisory calls on all Chicagoans to do the following:

 

- Stay home unless for essential reasons

- Stop having guests over—including family members you do not live with

- Avoid non-essential travel

- Cancel traditional Thanksgiving plans

 

 

I was really hoping you socialist lovers in Canada would take this idiot off our hands!

What part of that is idiotic?

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Guest cherzeca

And before the whole "hospital capacity" thing comes up, China built a mega hospital in 8 days. The fools and politicians have had 6 months to make plans and prepare....but now they want their ineptitude to be everyone else's problem.

In the US can the government build a hospital, staff it and offer healthcare to sick people?

 

usually you need a "certificate of need" from the state...and these usually are involved and take time

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God, talk about you guys blowing stuff out of proportion.  The world won't end tomorrow and Covid-19 will be part of history next year. 

 

All of the chicken little stuff about lockdowns, etc is just political posturing again by certain people and posters.

 

The real shit will hit the fan when interest rates eventually rise and debt loads explode a few years down the road!  Cheers!

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God, talk about you guys blowing stuff out of proportion.  The world won't end tomorrow and Covid-19 will be part of history next year. 

 

All of the chicken little stuff about lockdowns, etc is just political posturing again by certain people and posters.

 

The real shit will hit the fan when interest rates eventually rise and debt loads explode a few years down the road!  Cheers!

 

I agree. I think the tech trade is priced in at this point. I also think Covid lockdowns are also priced in at this point. This isn't a new virus, it's been with us for 11.5 months now. It may rile the market a couple %, but can't see another March 2020. Interest rates direction is becoming more and more fundamental going forward. People are assuming 1% 10Y forever.

 

All the young Tik Tokers think Tesla is a safe investment. That has to be a sign of a top of some of these names being priced on 2030 earnings.

 

 

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  • 2 weeks later...

All I can say is that I hope people take measures to let politicians know how they feel. Folks have demonstrated that they are fine living with the virus. We dont need government and MSM drumming up stories and sensationalizing this thing for the sake of power grabs. I certainly hope that people hold these politicians accountable. It is nice when there are consequences. Cuomo for instance has spent months blaming Trump. When Trump is gone, what is he to do? Face the people hopefully.

 

I wonder who these folks are? I'm sure that a portion of the population has demonstrated that they're ok "living with the virus". I'm also sure that the families and friends of the 260k that are dead and a portion of the 40% of the population that is at risk due to comorbidities might feel different and "demonstrate" their feelings on the matter.

 

You can't just say "these folks can stay home" and "these folks can live with the virus" when the two populations both represent significant portions of the overall population. Both have the ability to harm one another (either economically via lockdowns/voluntarily staying at home or via virus transmission).

 

Ultimately, it IS up to the politicians to walk that fine line between both outcomes and for us to follow their lead. Ultimately, the best way forward economically is to reduce the threat if the virus so EVERYONE can feel comfortable walking around, working, participating in the economy, etc. That will require a combination of behavioral changes, new regulations, and vaccines/scientific breakthroughs. What we've seen so far is that a large portion of the population is struggling with the behavioral change piece which means the regulatory side if things has to carry a heavier burden - a la shutdowns.

 

I don’t think we’ll have a depression, probably just an extinction level event.

 

Lol

 

 

I tend to be a right leaning centrist. I've had many a conversation with Republicans who wanted me to vote for Trump b/c he's "business friendly", the "stock market is booming", etc. Imagine my surprise when they fail to change their minds when presented with facts like stocks did better under Obama and Clinton than any recent Republicans you can pick OR that 100% of the recessions in the last 30 years occurred under Republican leadership. I'm shocked that the Republicans have been so good at marketing themselves that people still believe they're the best for business and stocks... 

 

 

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God, talk about you guys blowing stuff out of proportion.  The world won't end tomorrow and Covid-19 will be part of history next year. 

 

All of the chicken little stuff about lockdowns, etc is just political posturing again by certain people and posters.

 

The real shit will hit the fan when interest rates eventually rise and debt loads explode a few years down the road!  Cheers!

 

100%.  Let's be honest -- this is the ticking time bomb.

 

I was re-reading Shiller's Irrational Exuberance; Chapter 2 hits the nail on the head.

 

“It is easy to see a positive contemporaneous relation between interest rates and preceding long-term inflation rates for much of the time – especially the most recent half century – but there appears to be practically no relation between long-term interest rates and future long-term inflation.  It is the future inflation that ought to matter more if investors successfully priced long-term bonds to protect their real returns from inflation over the future life of the bond they are investing in, just the opposite of what we see.”

 

I'm not interested in making macro predictions, but at this point I think it would be wise to be prepared for anything.  History shows us that the market has done a very poor job of predicting future inflation. 

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I doubt the president has anything to do with this at all.  Reminds me of this:  https://tylervigen.com/old-version.html

 

Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck.  Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom.  None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course).

 

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I doubt the president has anything to do with this at all.  Reminds me of this:  https://tylervigen.com/old-version.html

 

Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck.  Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom.  None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course).

 

Fact checking.

 

www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11

 

www.wired.com/2000/10/the-mother-of-gores-invention/

 

 

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I doubt the president has anything to do with this at all.  Reminds me of this:  https://tylervigen.com/old-version.html

 

Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck.  Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom.  None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course).

 

Fact checking.

 

www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11

 

www.wired.com/2000/10/the-mother-of-gores-invention/

 

LOL, ok so he didn't "invent" it, he "created" it.  Mankind owes him a tremendous debt of gratitude regardless, for that and for saving New York from being underwater by 2014.  How many times can one man save the world?

 

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I doubt the president has anything to do with this at all.  Reminds me of this:  https://tylervigen.com/old-version.html

 

Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck.  Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom.  None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course).

 

Fact checking.

 

www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11

 

www.wired.com/2000/10/the-mother-of-gores-invention/

 

LOL, ok so he didn't "invent" it, he "created" it.  Mankind owes him a tremendous debt of gratitude regardless, for that and for saving New York from being underwater by 2014.  How many times can one man save the world?

 

 

Snopes:

The claim that Gore was actually trying to take credit for the “invention” of the Internet was plainly just derisive political posturing that arose out of a close presidential campaign. If, for example, Dwight Eisenhower had said in the mid-1960s that he, while president, “took the initiative in creating the Interstate Highway System,” he would not have been the subject of dozens and dozens of editorials lampooning him for claiming he “invented” the concept of highways or implying that he personally went out and dug ditches across the country to help build the roadway. Everyone would have understood that Eisenhower meant he was a driving force behind the legislation that created the highway system, and this was the very same concept Al Gore was expressing about himself with interview remarks about the Internet.

 

https://www.snopes.com/fact-check/internet-of-lies/

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I doubt the president has anything to do with this at all.  Reminds me of this:  https://tylervigen.com/old-version.html

 

Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck.  Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom.  None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course).

 

Fact checking.

 

www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11

 

www.wired.com/2000/10/the-mother-of-gores-invention/

 

LOL, ok so he didn't "invent" it, he "created" it.  Mankind owes him a tremendous debt of gratitude regardless, for that and for saving New York from being underwater by 2014.  How many times can one man save the world?

 

IDK, ask the Donald.

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I doubt the president has anything to do with this at all.  Reminds me of this:  https://tylervigen.com/old-version.html

 

Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck.  Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom.  None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course).

 

Fact checking.

 

www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11

 

www.wired.com/2000/10/the-mother-of-gores-invention/

 

LOL, ok so he didn't "invent" it, he "created" it.  Mankind owes him a tremendous debt of gratitude regardless, for that and for saving New York from being underwater by 2014.  How many times can one man save the world?

 

 

Snopes:

The claim that Gore was actually trying to take credit for the “invention” of the Internet was plainly just derisive political posturing that arose out of a close presidential campaign. If, for example, Dwight Eisenhower had said in the mid-1960s that he, while president, “took the initiative in creating the Interstate Highway System,” he would not have been the subject of dozens and dozens of editorials lampooning him for claiming he “invented” the concept of highways or implying that he personally went out and dug ditches across the country to help build the roadway. Everyone would have understood that Eisenhower meant he was a driving force behind the legislation that created the highway system, and this was the very same concept Al Gore was expressing about himself with interview remarks about the Internet.

 

https://www.snopes.com/fact-check/internet-of-lies/

 

Sorry but the internet was inevitable ever since the integrated circuit was invented, or at least since the first microcomputer was fabbed at Intel.  Once you have computers the next logical step is to connect them together.  For a politician to say that he "took the initiative to create the internet" is just evidence of a narcissistic personality disorder with delusions of grandeur.

 

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I doubt the president has anything to do with this at all.  Reminds me of this:  https://tylervigen.com/old-version.html

 

Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck.  Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom.  None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course).

 

Fact checking.

 

www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11

 

www.wired.com/2000/10/the-mother-of-gores-invention/

 

LOL, ok so he didn't "invent" it, he "created" it.  Mankind owes him a tremendous debt of gratitude regardless, for that and for saving New York from being underwater by 2014.  How many times can one man save the world?

 

IDK, ask the Donald.

 

Sorry Doo, did I forget to say "Orangeman bad"?  I know that is the proper thing to say in any political discussion these days or someone will quickly reply with "yes, well, but what about Trump?!!!!".

 

EDIT:  Silly me, I forgot again.  Orangeman Bad!

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I doubt the president has anything to do with this at all.  Reminds me of this:  https://tylervigen.com/old-version.html

 

Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck.  Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom.  None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course).

 

Fact checking.

 

www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11

 

www.wired.com/2000/10/the-mother-of-gores-invention/

 

LOL, ok so he didn't "invent" it, he "created" it.  Mankind owes him a tremendous debt of gratitude regardless, for that and for saving New York from being underwater by 2014.  How many times can one man save the world?

 

 

Snopes:

The claim that Gore was actually trying to take credit for the “invention” of the Internet was plainly just derisive political posturing that arose out of a close presidential campaign. If, for example, Dwight Eisenhower had said in the mid-1960s that he, while president, “took the initiative in creating the Interstate Highway System,” he would not have been the subject of dozens and dozens of editorials lampooning him for claiming he “invented” the concept of highways or implying that he personally went out and dug ditches across the country to help build the roadway. Everyone would have understood that Eisenhower meant he was a driving force behind the legislation that created the highway system, and this was the very same concept Al Gore was expressing about himself with interview remarks about the Internet.

 

https://www.snopes.com/fact-check/internet-of-lies/

 

Sorry but the internet was inevitable ever since the integrated circuit was invented, or at least since the first microcomputer was fabbed at Intel.  Once you have computers the next logical step is to connect them together.  For a politician to say that he "took the initiative to create the internet" is just evidence of a narcissistic personality disorder with delusions of grandeur.

 

1991: Pushed funding for first web browser

No lie was spread farther and wider than this one: "Al Gore said he invented the Internet." If you were alive in 2000, you heard this claim; it appeared in over 1,000 stories in the American media during the campaign. But what you probably don't know is that Al Gore never said he invented the Internet. What he actually said was, "During my service in the Congress, I took the initiative in creating the Internet"--plainly a statement about his work as a congressman on the Internet, and not a claim that he had "invented" anything. And it was true, to boot. During the 1980s, when the Internet was little more than a network linking a few universities, Gore repeatedly advocated greater funding for computer networking research. Among the bills he later introduced were the High Performance Computing and Communication Act of 1991, which led to the development of the first Web browser, and the Information Infrastructure and Technology Act of 1993, which opened the Internet to commercial traffic.

 

https://www.ontheissues.org/Celeb/Al_Gore_Technology.htm

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