Thoughts on China from Jim McKinney

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Comments:
  1. On March 20, 2020 at 5:23 pm,
    OOTB Jerry says:

    Govt Take over………………GREGG MANNORINO……….All by design…..
    https://traderschoice.net/about-traders-choice/

  2. On March 20, 2020 at 5:49 pm,
    OOTB Jerry says:

    Self serving or not……………humm
    https://www.zerohedge.com/geopolitical/hong-kong-reports-largest-surge-infections-yet-experts-warn-were-edge-all-out-war
    OR do they have the cure, since they stole the virus , to begin with…….just saying…

  3. On March 20, 2020 at 5:58 pm,
    CFS says:

    i AGREE with everything you say about the duplicity of China.
    I don’t give a damn about political correctness or the stupidly attacking media.

    On the other hand, however, I don’t believe you two have a clue about the pure math of contagious diseases. (I apologize you any future comments that might offend.)

    If you think the early 1930s was a serious depression, you do not realize the seriousness of our current situation, because if a vaccine is not found relatively quickly (within 6 months), our future will make the 1930s look like a slight recession.
    Will you be perturbed when lay-offs exceed the 1,000,000 mark in mid April ?
    Or how about, perhaps, 5 million in June.
    You, perhaps, think the stimulus package now in the works will save us.
    Sorry, this was a typical politician’s package, designed to provide for re-election votes by giveaways. It was not specifically targeted where really needed.
    The areas hit are local, so why provide aid without localization?
    e.g. Washington or more Specifically Seattle needs aid. California needs needs aid, and New York needs aid. They have significant population with the corona virus and will have significant bankruptcies and lay-offs. But does Pennsylvania, for example, need proportionately the same aid, despite only having one death and far fewer infected per thousand of the population. The spending is not needs based. I bet we will find much waste and many un-needed political favors involved.
    I believe money was thrown at the problem without thinking.
    The boondoggle is design to stimulate spending and thus boost the economy without
    a real evaluation of if or where stimulation is needed.
    The economy is seriously crippled by the stock market collapse, but you have no idea of the potential infections and hospitalizations to come. Trump has been panicked by the numbers he has been warned will happen, but I don’t think he realizes yet the impact of deaths that might occur.
    It may be that we have lowered the curve enough that hospitals will not be swamped, and we are lucky that the chloroquine plus antibiotic combo will reduce hospitalization from 20 days to 6 days, but there will be significant numbers of sick people and we yet have to discover whether recovery after infection gives future immunity.

    • On March 20, 2020 at 6:10 pm,
      irishtony says:

      cfs…you should know that Govt’s are incompedent in normal times , so dont expect them to get their act together in a crises.

    • On March 20, 2020 at 6:10 pm,
      OOTB Jerry says:

      THERE are already 95,000.000 not employed……..according to the debt clock
      11,000,000 unemployed…………..what is another 1 million
      The only ones who have made any real money are speculators, and banks, and corporate connected members……..A REVOLT…..is needed……not more BS on a FAKE VIRUS>

      • On March 21, 2020 at 8:55 am,
        JMiller says:

        There are not 95,000,000 unemployed in the U.S. Stop counting students, retired persons, severely disabled persons and housewives as being unemployed just because they are not in the labor force. These people have never been counted as being unemployed in the past.

  4. On March 20, 2020 at 6:08 pm,
    CFS says:

    Perhaps my biggest problem is that the administration is being mostly reactive in its measures, instead of being proactive. I will take that criticism back only after a vaccine is found or prophylactic pharmaceutical measures are taken.

  5. On March 20, 2020 at 6:31 pm,
    cfs says:

    LATEST DATA:
    Country…….confirmed cases……Deaths
    Italy…………47,021………………4,632
    Spain………. 21,510………………1,093

    USA………….19,285………………. 249
    UK…………….4,014………………. 178

  6. On March 20, 2020 at 7:53 pm,
    Temple says:

    Remarkably, no discussion here of late – or most anywhere for that matter – of 2020’s 2nd Black Swan event: Russia’s deciding not to play ball w/ international oil markets any longer, not to subsidize US oil and to no longer tolerate continuing US sanctions, NATO encroachment, etc.

    MAJOR issues for US markets and insolvency more so now of an entire American industry…for the long-lived but now-threatened petro dollar regimen…and for the geostrategic balance of power in the world.

    • On March 20, 2020 at 7:59 pm,
      Jim M says:

      Good topic, but it gives the US an energy advantage and shifts long term market influence back to the US. Let them fight, it will reduce their influence and Russia’s power.

  7. On March 21, 2020 at 5:52 am,
    Temple says:

    No elements of 1. the hundreds of billions of bad US shale debt and related, 2. This element bringing an end to the dollar’s global reserve status if taken to its logical conclusion and 3. THAT resulting in the last, biggest rug being pulled from under the US financial system concerns you, Jim?

    Granted, as I have said, if Russia is victorious in this (and I’m sympathetic to their cause, frankly) the US/NATO will be much less able to start a war and will finally have to pull its horns in. The world will be a much safer place, all else being equal. So I guess that part is good.

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