TxGal
Day by day
Yes, prepare for day care in case of school closures. Tele-med, Tele-work, Tele-school options. Still listening...
CORONA Main Coronavirus thread
- Thread starter Heliobas Disciple
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Yes, prepare for day care in case of school closures. Tele-med, Tele-work, Tele-school options. Still listening...
SouthernBreeze
Has No Life - Lives on TB
Thank you, Doc! That's the same idea I have, except using essential oils or Vick's Vapor Steam. I just wasn't sure that it was a vaporizer that I needed for this. I see vaporizers and other products on the shelves, dehumidifiers, and humidifiers.
northern watch
TB Fanatic
Dow Dumps 2,000 Points From Highs & 'Jawboning' Is Failing To Halt The Panic
by Tyler Durden
Zero Hedge
Tuesday, 02/25/2020 - 13:50
Update (1350ET): Like a champion boxer who is just past his prime, Trump economic advisor Larry Kudlow took to CNBC early Tuesday afternoon to try and jawbone the markets higher as US stocks headed for their fourth day in a row.
Kudlow stressed that the US has been "ahead of the curve" when it comes to "protecting citizens" (by canceling flights, barring foreigners etc.) - even as the CDC warns that the US is dangerously unprepared for "community outbreaks" that it believes will inevitably arrive. People need to stay "calm", Kudlow said, adding that we won't really know how bad this will be for the US until a few weeks have passed.
Kudlow stressed the human toll of the outbreak, calling it "an incredible human tragedy." But as far as the economy is concerned, "I don't think we're looking at an economic disaster at all," he added.
To support his claim, Kudlow cited the recent spate of Fed data, claiming there has been "no evidence" of supply disruptions.
Granted, there have been bright spots, but we can't help but wonder: Is Kudlow looking at the same data we are?
And how does one explain gold and the 30-year?
As far as rate cuts are concerned, Kudlow says "I'm not hearing that."
Before launching into a tangent about the "human toll", the G-7 and the US's growth playbook, Kudlow left us with a solid departing thought: whatever happens next with the virus, "it's not gonna last forever," Kudlow said.
And if you're investing for the long term, it simply doesn't make sense to lose your nerve in a selloff, right?
Right?
* * *
As we detailed earlier, US equity markets are extending their losses and strategists are starting to wake up to the ugly reality that The Fed can't print vaccines... no matter how much they promise easing, it won't fix the consumption slump or supply chain collapse.
As CNBC reports, the influx of foreign nationals to the United States from areas impacted by the coronavirus means a large American outbreak is “increasingly likely,” a scenario that could “rattle” markets in tandem, according to investment bank Jefferies.
The Dow is down over 2000 points from its highs late last week...
How much pain are they willing or can they afford to take?
NorthmanTrader.com's Sven Henrich explains, the answer is 'Virtually none'.
The economy is not the stock market, but the stock market is the economy. Or rather the stock market is the biggest threat to the economy and must be protected at all costs.
To me it was never a question that the Fed was going to cut rates again in 2020 despite claims of the 3 rates cuts in 2019 cuts just having been a “mid-cycle adjustment”, or despite claims of a coming reflation trade or despite new market highs exceeding all expectations thanks to the Fed liquidity.
No, I said it right at the beginning of January:
No, I’m not kidding, here’s the jawbone via former president of the Minneapolis Fed:
The Fed Needs to Cut Rates Now:
Panic, pre-emptive cutting.
And of course a Fed, that simply can’t afford to disappoint markets for fear of any sell-off is now faced with a market that is now pricing in 2 rate cuts in 2020.
But it’s not just the Fed that is now again under pressure to deliver.
3 down days and 5% down and the political jawboning is already in full swing:
It remains all about control.
But the very effort itself reveals something: They are worried about losing control of markets for a sizable downturn in markets may trigger what they are trying to avoid for obvious reasons: A recession. And the threshold of accepting any sort of pain in markets is thin: 5% and you see them react.
The question remains about efficacy. We’ve just seen an attempt to put a floor under the market. Let’s see if it lasts. Calls for rate cuts now after 5% down, that’s now the benchmark. Comes to show how fragile this market construct really is. It can’t hold its own without Momma Fed.
* * *
For the latest public analysis please visit NorthmanTrader. To subscribe to our market products please visit Services.
www.zerohedge.com
by Tyler Durden
Zero Hedge
Tuesday, 02/25/2020 - 13:50
Update (1350ET): Like a champion boxer who is just past his prime, Trump economic advisor Larry Kudlow took to CNBC early Tuesday afternoon to try and jawbone the markets higher as US stocks headed for their fourth day in a row.
Kudlow stressed that the US has been "ahead of the curve" when it comes to "protecting citizens" (by canceling flights, barring foreigners etc.) - even as the CDC warns that the US is dangerously unprepared for "community outbreaks" that it believes will inevitably arrive. People need to stay "calm", Kudlow said, adding that we won't really know how bad this will be for the US until a few weeks have passed.
Kudlow stressed the human toll of the outbreak, calling it "an incredible human tragedy." But as far as the economy is concerned, "I don't think we're looking at an economic disaster at all," he added.
To support his claim, Kudlow cited the recent spate of Fed data, claiming there has been "no evidence" of supply disruptions.
Granted, there have been bright spots, but we can't help but wonder: Is Kudlow looking at the same data we are?
And how does one explain gold and the 30-year?
As far as rate cuts are concerned, Kudlow says "I'm not hearing that."
We can almost hear the bulls shouting 'Aw, C'mon Larry!' at their TV screens.
Before launching into a tangent about the "human toll", the G-7 and the US's growth playbook, Kudlow left us with a solid departing thought: whatever happens next with the virus, "it's not gonna last forever," Kudlow said.
And if you're investing for the long term, it simply doesn't make sense to lose your nerve in a selloff, right?
Right?
* * *
As we detailed earlier, US equity markets are extending their losses and strategists are starting to wake up to the ugly reality that The Fed can't print vaccines... no matter how much they promise easing, it won't fix the consumption slump or supply chain collapse.
As CNBC reports, the influx of foreign nationals to the United States from areas impacted by the coronavirus means a large American outbreak is “increasingly likely,” a scenario that could “rattle” markets in tandem, according to investment bank Jefferies.
The Dow is down over 2000 points from its highs late last week...
How much pain are they willing or can they afford to take?
NorthmanTrader.com's Sven Henrich explains, the answer is 'Virtually none'.
The economy is not the stock market, but the stock market is the economy. Or rather the stock market is the biggest threat to the economy and must be protected at all costs.
To me it was never a question that the Fed was going to cut rates again in 2020 despite claims of the 3 rates cuts in 2019 cuts just having been a “mid-cycle adjustment”, or despite claims of a coming reflation trade or despite new market highs exceeding all expectations thanks to the Fed liquidity.
No, I said it right at the beginning of January:
And the question to me, despite all the brave Fed claims, was simply how much market pain they’d be willing to endure before shifting the brave stance again. Just last week I posed:
And 3 days later and 5% down here comes the jawboning. RATE CUTS NOW!!!
No, I’m not kidding, here’s the jawbone via former president of the Minneapolis Fed:
The Fed Needs to Cut Rates Now:
Panic, pre-emptive cutting.
And of course a Fed, that simply can’t afford to disappoint markets for fear of any sell-off is now faced with a market that is now pricing in 2 rate cuts in 2020.
But it’s not just the Fed that is now again under pressure to deliver.
3 down days and 5% down and the political jawboning is already in full swing:
How much value to put in these efforts? The political calculus is clear: Keep markets elevated for the election:
Whatever it takes. Does it have economic predictive meaning? Not necessarily:
They will jawbone until the bulls come home. Fact is the virus is still not contained and if a global recession unfolds they can cut rates and jawbone until they’re blue in the face.
It remains all about control.
But the very effort itself reveals something: They are worried about losing control of markets for a sizable downturn in markets may trigger what they are trying to avoid for obvious reasons: A recession. And the threshold of accepting any sort of pain in markets is thin: 5% and you see them react.
The question remains about efficacy. We’ve just seen an attempt to put a floor under the market. Let’s see if it lasts. Calls for rate cuts now after 5% down, that’s now the benchmark. Comes to show how fragile this market construct really is. It can’t hold its own without Momma Fed.
* * *
For the latest public analysis please visit NorthmanTrader. To subscribe to our market products please visit Services.
Dow Dumps 2,000 Points From Highs & 'Jawboning' Is Failing To Halt The Panic
"We increasingly find it hard to believe that USA cases are as low as reported..."
Mark D
Now running for Emperor.
So, as of today, .gov has begun their campaign of trying to get the herd GENTLY off their knees.
If you still have gaps in your preps, you have a week or less to fill them.
I'd wager we have lock-downs of one sort or another before the end of next month. And "Yes", I think that is too late as well. It should be today (but the herd won't like that).
If you still have gaps in your preps, you have a week or less to fill them.
I'd wager we have lock-downs of one sort or another before the end of next month. And "Yes", I think that is too late as well. It should be today (but the herd won't like that).
TxGal
Day by day
Adding - increase in rate of spread overseas has increased their belief we will see the same here, hence their change in tone of the briefings. Families need to plan for community spread because if it happens, it happens very quickly as has been seen overseas.
TxGal
Day by day
-------------------------------
Someone please double check that I've got this right...pretty sure I do, but this is important. EVERYONE NEEDS TO LISTEN TO THE AUDIO THEMSELVES...you'll pick up the seriousness of her tone of voice.
-------------------------------
Adding - in general, we are asking the American public to prepare with the expectation that this could be bad. Community spread in other countries is making them believe we will see the same thing here (not just looking at China alone).
Looking at and working on supply issues in the US now. There will be disruptions in peoples' lives.
5 mts left on audio.
Last edited:
i would recommend not using oral or vaporized CS. fine to use topically.
packyderms_wife
Neither here nor there.
I'm watching the Talk on CBS and they are worried about this virus and said that the CDC has people at the airports screening anyone coming off of an international flight. And that Spain, Italy, and Iran are closing off entire cities.
They should be posting a transcript before too long.
rafter
Since 1999
Basically...prepare for spread and major disruptions. Didn't mention the real word "quarantine", but talked about staying home, working from home, closing schools and not having anything that draws large crowds....so call it what you want.
People asking questions following the opening statement led her to say several times....not a matter of 'if but when' and major disruptions.
Hfcomms
EN66iq
Government always downplays bad news. When the CDC came out today and said to get ready because it ‘could’ be bad they would only say that because they know it’s going to be bad and are trying to get ahead of it.
SouthernBreeze
Has No Life - Lives on TB
After all the news out today, if it doesn't wake and shake people up, they are just willfully blind. Let the blind lead the blind!
TxGal
Day by day
Length of incubation period question - they are looking at that closely. So far still supports 14 days, but still evaluating data.
Pres Trump seems optomistic about it going away. What info is CDC providing him? One indication is that it could be seasonal. Not making that call now, preparing as if it will continue, see community spread, etc., but hopeful we won't see high levels of transmission.
---------------------------------------------------
ETA - I did not get a warm fuzzy from this....at....all. Truly expect people to start hitting the stores once they hear this. Hell's Bells.
Profit of Doom
Dismember
He gets that a lot.
northern watch
TB Fanatic
EndGameWW3 @EndGameWW3 5m5 minutes ago
Well back, got the next to last Box of N95 Mask that Walmart had here. Got latex gloves, new first aid kit, disinfectant wipes, sponges. Already have eye goggles. Got some more dry foods. Weed and Whiskey and Ammo will be gotten in the next few days.
Well back, got the next to last Box of N95 Mask that Walmart had here. Got latex gloves, new first aid kit, disinfectant wipes, sponges. Already have eye goggles. Got some more dry foods. Weed and Whiskey and Ammo will be gotten in the next few days.
TxGal
Day by day
Yes - those are the most important takeaways I picked up on.
littlechasingbear
2nd gen. prepper
I listened to the entire CDC teleconference. Basically what I personally got from it was: prepare like your life depends on it, but pray it’s not that bad.
At this point I’m more worried about the crazies and psychos that will panic because they waited too long.
At this point I’m more worried about the crazies and psychos that will panic because they waited too long.
northern watch
TB Fanatic
EndGameWW3 @EndGameWW3 now58 seconds ago
Dow crashes down more than 800 points, or 1,800 this week, amid coronavirus panic — RT Business News
Dow crashes down more than 800 points, or 1,800 this week, amid coronavirus panic — RT Business News
DazedandConfused
Veteran Member
The world is not at pandemic levels yet but the CDC fully expects the virus to hit here not a if but when. prepare now !! Some locations may experience lock downs business and schools should start NOW making plans.
Get the supplies you need NOW!
The Crazy is fixing to hit ! that's my take
danielboon
TB Fanatic
-924BloombergVerified account @business 13s13 seconds ago
Tuesday market slide is picking up speed http://trib.al/Ve50ycW
coalcracker
Veteran Member
Don't wait too long. As you know, these come from...well, you know.
We are now getting close to the time to implement our last minute preps.
Just intuition here. Again, take from it what you will.
This was announced on a Tuesday for a reason. Most people will get checks on Friday. This is a reminder that it is serious and that you need to prepare. While you have money. I suspect the first announcements of restrictions, pushing those to telecommute who can starting monday. I don't think you have until next week or end of next month. In this country panic will preceed pandemic.
This was announced on a Tuesday for a reason. Most people will get checks on Friday. This is a reminder that it is serious and that you need to prepare. While you have money. I suspect the first announcements of restrictions, pushing those to telecommute who can starting monday. I don't think you have until next week or end of next month. In this country panic will preceed pandemic.
northern watch
TB Fanatic
Paul Joseph WatsonVerified account @PrisonPlanet 46m46 minutes ago
Even as the coronavirus begins to spread around the continent, EU officials have steadfastly refuse to implement border controls, insisting that the sanctity of open borders is more important.
Even as the coronavirus begins to spread around the continent, EU officials have steadfastly refuse to implement border controls, insisting that the sanctity of open borders is more important.
John Deere Girl
Veteran Member
I plan to do this as well.
danielboon
TB Fanatic
indeed
coalcracker
Veteran Member
Liz Claman on Fox Business just said, "We're still close to all time highs."
Pig. Lipstick.
(Metaphor...not Liz, although I cannot vouch for her personally)
Pig. Lipstick.
(Metaphor...not Liz, although I cannot vouch for her personally)
Momof5
Senior Member
Earned income returns are to be released on the 27th.
bw
Fringe Ranger
Crazies, psychos, unprepped, druggies, neighbors who know you too well, bug hunters.
northern watch
TB Fanatic
BREAKING NEWS 24 @0Breakingnews00 3h3 hours ago
BREAKING NEWS: Trinity catholic college in Middlesbrough is closed for the rest of the week after pupils returned from an Italy Ski trip showing ‘flu-like symptoms’.
BREAKING NEWS: Trinity catholic college in Middlesbrough is closed for the rest of the week after pupils returned from an Italy Ski trip showing ‘flu-like symptoms’.