This is a new series idea from a colleague of LaDucTrading, Jay Reynolds, who offers up some timely, relevant and personal vignettes on CoronaVirus news that you won’t likely get anywhere else.
These posts should be easy to scan and synthesize, with a peppering of biology and market saltiness. Jay’s background is well suited to render a COVID19 perspective. None of it is trading advice. All of it is meant to educate and inform on a topic that holds our collective attention and will very likely shape our lives and economy for years to come.
For now, this will be sent under the FREE Market Catch email note for non-members but can be found under Market Catch for members. Feedback welcome – reply to this email address if you rather not have the Corona Relief Brief as part of your LaDucTrading world.
Women Catch a Break
On the Markets: Perspective of a Layperson
Speaking of Gold
“Let Them Get Wiped Out”.
Let companies fail now when there are big buyers (like @chamath) with cash to restructure … versus later when “everything fails” and there isn’t incentive or money… Inflation now or severe Deflation later.
Part of a clear-eyed and needed interview with @chamath on why using bailout funds to prop up speculative assets and junk – rather than help to individuals – is reckless trickle-down madness.
— John P. Hussman (@hussmanjp) April 9, 2020
On Main Street today, people are getting wiped out. Right now, rich CEOs are not, boards that have horrible governance are not. People are,”
“When you look at, this is a lie that’s been purported by Wall Street. When a company fails, it does not fire employees–it goes through a packaged bankruptcy . The people who have the pensions inside the companies, the employees of these companies end up owning more of the company. The people that get wiped out are the speculators hat own the unsecured tranches or the folks that own the equity. And by the way, those are the rules of the game. That’s right. These are the people that purport to be the most sophisticated investors in the world. They deserve to get wiped out.”
Astrophysicists looking for dark matter invent dirt-cheap open-source ventilator to combat COVID-19 instead
BREAKING – More than 90 people who fully recovered from the novel coronavirus have tested positive for #COVID19 again in South Korea: Yonhap.
These numbers are increasing. Not good.https://t.co/ncUsup4yct
— Disclose.tv 🚨 (@disclosetv) April 10, 2020
NYC could ease coronavirus restrictions in late May, but hampered by lack of testing https://t.co/K29GX3w8u6
— Jennifer Nuzzo, DrPH (@JenniferNuzzo) April 10, 2020
😰Awful…victims from #coronavirus in #NY are being buried in a mass grave off the coast of the Bronx. For over a century, the island has served as a potter’s field for deceased with no known next of kin or families unable to pay for funerals.#COVID19
— Dr. Dena Grayson (@DrDenaGrayson) April 10, 2020
.@Acosta: How can the administration discuss the possibility of reopening the country when the administration does not have an adequate nationwide testing system for this virus? Don't you need a nationwide testing system for the virus before you reopen?
TRUMP: "No." pic.twitter.com/JokZYfy97T
— Aaron Rupar (@atrupar) April 9, 2020
not a single shipment of medical-grade N95 masks arrived at U.S. ports during the month of March
— Tom Bollyky (@TomBollyky) April 10, 2020
And after US opens back up?
Over the past few days, I’ve been reading the major plans for what comes after social distancing.
I thought that reading them would be a comfort. Boy, was I wrong. https://t.co/D9tSB9lYD4
— Ezra Klein (@ezraklein) April 10, 2020
A Dash of Humor
A Dash of Hope
A Dash of Pride
Best Overall w/ Projections and Historical Lookback: COVID19 Health Projections by Country