TPS

Beane is working his magic. I hope they address most areas and leave WR open, then draft 2.

This is what I was trying to get across to all the TLS doubters the past 10 days or so. https://www.wsj.com/articles/u-s-hospitals-face-major-challenges-as-coronavirus-spreads-11584056336?mod=hp_lead_pos2 Hospitals across the country are bracing for an expected surge in patients as the U.S. coronavirus outbreak widens, with more than 1,320 cases across 42 states and the District of Columbia as of Thursday, according to Johns Hopkins University and Centers for Disease Control and Prevention data. Hospital executives say they are scouring inside and outside their walls for space to put patients, tightly managing dwindling stocks of medical supplies and hunting for critical equipment and extra health-care workers, who are already in high demand and at risk for quarantine from exposure while on the job.

Are you suggesting there won't be a recession because of this? If so, I'd like to make a bet...

Is this a conspiracy theory?

Are you kidding, that is a great deal for the Bills, especially for a guy who didn't give up a sack (or close to it)

We have similar analyses....completely agree.

You missed out on some big gains then. When you cut corp taxes, that is a BIG buy sign...

In normal times....in times like this, you can't eat either one... There was an article posted somewhere (I have too many sites) this morning that the elites were heading to their bunkers in New Zealand.

Well, I think I called 20K up thread somewhere, in response to someone saying 21K. My view: The market will respond weakly to anything directed at economic stimulus outside of who/what is being impacted by the virus. A payroll tax cut is fine down the line, but not now. Everything they do now must be directed at mitigating the impact from the virus. The Government must cover all related costs--the two weeks of paid time-off; 0% loans to the major industries affected--airlines, travel and tourism in general, etc.; stop-gap the medical costs--covering the costs of testing and care, and making sure the states have all the funds they need. It's impossible to estimate the economic costs of this thing which means complete uncertainty as to forecasting prices, which is why the most important thing is to address restraining the virus. Once the government comes out with proposals that do this, then it will at least provide a little clarity on the economic costs going forward. Once we get to the point where investors believe the government is actually proposing and doing things that will "flatten out the curve" of its growth (the virus), then we should at least see a temporary bottom. So far, they haven't proposed anything like this, so I expect we will bust through my 20K guess.... I was fortunate to put myself in a fairly liquid position (30% equities) coming out of 2019 because I was expecting a typical correction. I will most likely put a chunk back in today (I added some after the February drop putting me at 40%), even though I don't think we've hit bottom as described above, I will move to a 50% position today.

Posted on Facebook: Newsweek interesting readYoung and unafraid of the pandemic? Good for you. Now stop killing peopleMarch 11, 2020I'm a doctor in a major hospital in Western Europe. Watching you Americans (and you, Brits) in these still-early days of the coronavirus pandemic is like watching a familiar horror movie, where the protagonists, yet again, split into pairs or decide to take a tour of a dark basement.The real-life versions of this behavior are pretending this is just a flu; keeping schools open; following through with your holiday travel plans, and going into the office daily. This is what we did in Italy. We were so complacent that even when people with coronavirus symptoms started turning up, we wrote each off as a nasty case of the flu. We kept the economy going, pointed fingers at China and urged tourists to keep traveling. And the majority of us told ourselves and each other: this isn't so bad. We're young, we're fit, we'll be fine even if we catch it.Fast-forward two months, and we are drowning. Statistically speaking—judging by the curve in China—we are not even at the peak yet, but our fatality rate is at over 6 percent, double the known global average.Put aside statistics. Here is how it looks in practice. Most of my childhood friends are now doctors working in north Italy. In Milan, in Bergamo, in Padua, they are having to choose between intubating a 40-year-old with two kids, a 40-year old who is fit and healthy with no co-morbidities, and a 60-year-old with high blood pressure, because they don't have enough beds. In the hallway, meanwhile, there are another 15 people waiting who are already hardly breathing and need oxygen.The army is trying to bring some of them to other regions with helicopters but it's not enough: the flow is just too much, too many people are getting sick at the same time.We are still awaiting the peak of the epidemic in Europe: probably early April for Italy, mid-April for Germany and Switzerland, somewhere around that time for the UK. In the U.S., the infection has only just begun.But until we're past the peak, the only solution is to impose social restrictions.And if your government is hesitating, these restrictions are up to you. Stay put. Do not travel. Cancel that family reunion, the promotion party and the big night out. This really sucks, but these are special times. Don't take risks. Do not go to places where you are more than 20 people in the same room. It's not safe and it's not worth it.But why the urgency, if most people survive?Read moreCoronavirus Could Infect 'Many Millions' if U.S. Is Complacent, Expert SaysHere's why: Fatality is the wrong yardstick. Catching the virus can mess up your life in many, many more ways than just straight-up killing you. "We are all young"—okay. "Even if we get the bug, we will survive"—fantastic. How about needing four months of physical therapy before you even feel human again. Or getting scar tissue in your lungs and having your activity level restricted for the rest of your life. Not to mention having every chance of catching another bug in hospital, while you're being treated or waiting to get checked with an immune system distracted even by the false alarm of an ordinary flu. No travel for leisure or business is worth this risk.Now, odds are, you might catch coronavirus and might not even get symptoms. Great. Good for you. Very bad for everyone else, from your own grandparents to the random older person who got on the subway train a stop or two after you got off. You're fine, you're barely even sneezing or coughing, but you're walking around and you kill a couple of old ladies without even knowing it. Is that fair? You tell me.My personal as well as professional view: we all have a duty to stay put, except for very special reasons, like, you go to work because you work in healthcare, or you have to save a life and bring someone to hospital, or go out to shop for food so you can survive. But when we get to this stage of a pandemic, it's really important not to spread the bug. The only thing that helps is social restriction. Ideally, the government should issue that instruction and provide a financial fallback—compensate business owners, ease the financial load on everyone as much as possible and reduce the incentive of risking your life or the lives of others just to make ends meet. But if your government or company is slow on the uptake, don't be that person. Take responsibility. For all but essential movement, restrict yourself.This is epidemiology 101. It really sucks. It is extreme—but luckily, we don't have pandemics of this violence every year. So sit it out. Stay put. Don't travel. It is absolutely not worth it.It's the civic and moral duty of every person, everywhere, to take part in the global effort to reduce this threat to humanity. To postpone any movement or travel that are not vitally essential, and to spread the disease as little as possible. Have your fun in June, July and August when this—hopefully—is over. Stay safe. Good luck.The author is a senior doctor in a major European hospital. She asked to remain anonymous because she has not been authorized to speak to the press.

Blaming him for what? Ive been harping since about 10 days ago that he wasn’t taking it seriously, that he was more concerned about the stock market. That’s not blame, that’s saying take it ***** serious and stop acting like it’s no big deal. Hell, Hannity and rush are still out there blaming the deep state. How many trump supporters still think it’s no big deal because of his actions and statements? Too many...

Yes, unfortunately there will be some of that, but not from anyone with an ounce of decency...

I mentioned he looked sick in his address.

Everyone turns to MMT in a crisis...

A little levity in all of this...

Even the conservative editorial board of the Wall Street Journal recognizes his lack of leadership.... https://www.wsj.com/articles/the-virus-and-leadershipthe-virus-and-leadership-11583960719?mod=hp_opin_pos_1

This article goes over some of the issues and things that should have been done.... https://www.bloomberg.com/news/articles/2020-03-12/u-s-coronavirus-response-was-marked-by-overconfidence-delays?srnd=premium&sref=U5wmynFo Saying things like we only have 15 cases and it will disappear, or the dems and fake news was making it the new hoax, was not leadership. We still aren't even testing a significant number of people, so we still don't know how bad it is. I pray that we don't get to the point where our hospitals are over run like Italy's ....

Where have I ever blamed TRump for the pandemic? This is what happens when people idolize him, they can't rationally evaluate him. I've been saying that he/they had an opportunity to get out front when they shut down flights with China, but they didn't. They have been reactive not proactive. Someone criticized Cuomo for bringing back SUNY students studying abroad, and fortunately he did that before Italy shut down. That is being proactive. Yes, compared to Trump, Pence looks like a leader.

The guys at American Conservative aren't too impressed either: https://www.theamericanconservative.com/dreher/trump-coronavirus-speech-reaction/

I'm not happy that the leader of the country, that most others look up to, is unfit for this challenge. He makes me actually like Pence.

Doesn't look like he reassured markets ...

Everyone, really? Since when?

I don’t know and I don’t care. I do know they had an opportunity to take more aggressive action after the China travel ban, but didn’t. It was also clear to me he was more worried about its impact on the stock market and economy.

Yeah, seeing you all take the Trump line on this, and not seeing it for the crisis it is, had an impact. That, and knowing my odds aren’t good if I get it...