“According to Monty Guild there is NO existential threat to the world financial system.”
THAT is the question. First and foremost.
Dominoes can start pretty small, and someone is already out of the game.
We don’t know who, granted. But others do. Most won’t tell.
And its in their interests to let on either.
How much trust can you place in those with that much at stake.
They NEED you to believe them. Or else.
I find it hard to believe this will be a short-lived issue Fully. We’re being told to expect the virus peak in 2-3 MONTHS. The PBC theory suggests something much more fundamental and long-lasting doesn’t it?
There is a point in the interview he says he was doin some type of speech.. and when he saw the fear in the audience eyes.. he told his wife… oh boy the markets are gonna tank monday… and they did.
Some more perspective……..
There are about 125 suicides per day in the US……About 1 every 10 minutes.
There are a total of about 7500 deaths per day….. 1 every 12 seconds.
Here’s a bit of good news, Fully. “Trump fully supports Coronavirus bill…”
“This Bill will follow my direction for free CoronaVirus tests, and paid sick leave for our impacted American workers.”
I am beginning to feel that WE (you know, us, the world, our world…) can pull together and weather these next few difficult months.
Trump is doing the right thing! How about that. Good on you, Mr. Trump. And Good on you too, America.
pedro’s bad news response …. its NOT about the virus … it hasn’t been
https://research-doc.credit-suisse.com/docView?language=ENG&format=PDF&sourceid=emcmt&document_id=1082246841&serialid=0b2M%2FIRv1F1JMLaFoTy3mHLeusulr%2F%2Bi2siJQjbrrwI%3D&cspId=1929372245381636096
(Zoltan Pozsar’s recent piece)
Well for 100% of the world’s population the biggest concern is the virus not the arcane underworld of world finance
The sooner the majority are convinced the danger has been overstated the better.
IT IS ALL about the virus at the moment
The whole world is at a complete standstill until the news becomes good and the danger is understood to have passed.
According to Monty Guild there is NO existential threat to the world financial system.
THAT is GOOD News and I choose to believe it …..We all get to choose
I will have a much better weekend believing the good news than YOU will believing the worst !
And NOW is all we have at any given time
“According to Monty Guild there is NO existential threat to the world financial system.”
THAT is the question. First and foremost.
Dominoes can start pretty small, and someone is already out of the game.
We don’t know who, granted. But others do. Most won’t tell.
And its in their interests to let on either.
How much trust can you place in those with that much at stake.
They NEED you to believe them. Or else.
I find it hard to believe this will be a short-lived issue Fully. We’re being told to expect the virus peak in 2-3 MONTHS. The PBC theory suggests something much more fundamental and long-lasting doesn’t it?
Yes I agree …the bubble has burst….But first and foremost we have to get past this panic and get back to work and play and human interaction.
ALL of that is shutting down and it is DISMAL….Once we are past the fear IMHO the giant sigh of relief will be like an explosion…like when ww2 ended.
The more people believe this and spread the news the sooner this will happen.
There will be euphoria and rightly so. Can’t happen soon enough… MAY BE in A COUPLE OF MONTHS …HOPEFULLY AT THE MAX
Then the reality of recession sets in and we shall see how deep it goes and how many are hurt.
But as long as the banks remain solvent …life will go on …some will prosper and some will not…as is always the case.
GLTA
I just watch a recent JOe ROgan episode with a specialiste… 6 months for this to maybe blow over. https://www.phillyvoice.com/coronavirus-joe-rogan-experience-interview-michael-osterhold-covid-19-episode/
There is a point in the interview he says he was doin some type of speech.. and when he saw the fear in the audience eyes.. he told his wife… oh boy the markets are gonna tank monday… and they did.
I agree, the real threat is debt. Poverty will kill way more people than this virus.
It begins…
https://www.zerohedge.com/markets/market-broken-why-nobody-trading-any-more
Some more perspective……..
There are about 125 suicides per day in the US……About 1 every 10 minutes.
There are a total of about 7500 deaths per day….. 1 every 12 seconds.
125 suicides a day ?
I bet there were an extra 125 friday….all goldbugs
🙁
Here’s a bit of good news, Fully. “Trump fully supports Coronavirus bill…”
“This Bill will follow my direction for free CoronaVirus tests, and paid sick leave for our impacted American workers.”
I am beginning to feel that WE (you know, us, the world, our world…) can pull together and weather these next few difficult months.
Trump is doing the right thing! How about that. Good on you, Mr. Trump. And Good on you too, America.
https://www.zerohedge.com/political/watch-live-president-trump-declare-national-emergency-over-covid-19
About freaking time !
Looking at the actual numbers, while recognizing that they are imperfect, allows me to draw my own conclusions. This is the best site I have found for good numbers. https://experience.arcgis.com/experience/685d0ace521648f8a5beeeee1b9125cd
My present position is that the epidemic is serious and should be treated seriously, but it is too early to panic, as many seem to be doing.