The American Economy; Press; and, National Public Radio. Opinions from Jim and Big Al

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  1. On March 26, 2020 at 5:51 pm,
    CFS says:

    KATHY GRIFFIN IS AN IDIOT AND PROBABLY A LIAR…..SHE HAS NOT BEEN TESTED, as far as I know.

  2. On March 26, 2020 at 5:58 pm,
    CFS says:

    I hope President Trump vetoes the ludicrous bail-out. It is almost totally pork barrel spending.

    There is still a lot of unknowns. The most scary to me were early reports out of China that reinfection death rates were both high and not so age dependent. Death mainly due to a cytokine storm in which the immune reaction itself essentially drowns.

    Please build immunity via Vitamin C, D and Zinc, and pray that the hydroxychloroquine + anti-biotic is a cure.

  3. On March 26, 2020 at 6:06 pm,
    CFS says:

    Trump is wrong in not testing as many as possible as soon as there are sufficient tests available. For without UNIVERSAL TESTING, there is no way to evaluate the asymptomatic transmission rates.
    Asumptomatic carriers need to be quarantined to slow the spread and older folks need self-isolation for their protection.

    Finally the Media MUST be FORCED TO RELATE CORRECT NEWS. No longer in this time of emergency is it acceptable to promote pure left-wing propaganda.
    I’m sorry, and I never thought I would ever advocate Media censorship and punishment, but I am disgusted at the lies.

  4. On March 26, 2020 at 7:00 pm,
    cfs says:

    The stock market indices at this point in time, I believe, completely underestimate the problem we will face in rebuilding inventories.
    Right now we are selling down the current stock and what exists in the supply chain.
    I doubt if people understand the problem that will exist in restocking and in recreating a supply chain.
    Even if China agrees to resume trade, because they may need agricultural supplies, in my estimation (assuming there is no war) China will be reluctant to resume supply of certain goods.
    I do know the corona virus was a bioweapon released in Wuhan. I suspect it was accidentally released, but as opportunists, is it not possible that China might choose to further cripple their primary global competitor ? It would take very little, in a completely non-aggressive manner, to stop export of key industrial parts and chemicals, on the grounds that because of their own problems with rebuilding their economy there is none available for export.
    It is relatively easy for China to identify key parts for which a loss would delay the regrouping and start up again of the US economy. Some key rare earths held back would seriously damage much of electronics and small electric motors. I really do not think market investors have fully evaluated the current situation.

  5. On March 26, 2020 at 9:12 pm,
    cfs says:
  6. On March 26, 2020 at 10:15 pm,
    Chartster says:

    I agree with you guys (Al n Jim) the economy is going to get better and this is just a blip.

    On the other segment with Chris Temple,, this is a (can’t remember the term) half way maybe could be..depression. LOL
    Sorry Chris, not hapnin. The economy is about to rock!

    • On March 27, 2020 at 4:20 am,
      Temple says:

      “The Strange Depression”

      • On March 27, 2020 at 7:39 am,
        Chartster says:

        Cramer is a commie, he’ll always push for war. Trump and the Soudi’s made a deal long ago. That’s why the Soudi’s cleaned-up their corruption. Low oil price only hurt the people who modeled their business on profits above 60 bucks per barrel. They had the day of reckoning coming. The stock market needed this purge, and some companies (the deep state scams) are going to take huge hits moving forward.

        The global economy is going to blast off. Just because gold is going to drop and certain stocks are going to crater, doesn’t mean the world is coming to an end. It means you need to adjust and be flexible.
        Just like I told my friends in the oil space, ” you need to offset your losses by learning how to trade (short) oil when it drops”. (they understand ‘why’ I told them, now)

        • On March 27, 2020 at 8:17 am,
          OOTB Jerry says:

          Have a question on BARR………what the heck is he doing……?

          • On March 27, 2020 at 8:21 am,
            OOTB Jerry says:

            Next question……..How is giving $4 Trillion to insiders going to help……the sheeple.

    • On March 27, 2020 at 6:33 am,
      Temple says:

      I would, of course, love for you to be correct. But will you — as well as Jim and Big Al — still be so chest-thumping rah-rah and dismissive when 1. oil goes to single digits, 2. imbeciles from Trump to the goof Cramer on CNBC push for sanctions/war against Saudi Arabia and Russia as a result and 3. the recent low for stocks does NOT hold?

      • On March 27, 2020 at 10:08 am,
        SilverDollar says:

        +1. Been reading on the loss of demand for oil because of the diminished airline, vehicle usages. Could be 20 M. barrels a day. Wow. Where to store all the excess and nobody wants to cut production.
        By the way Chris you must remember Montaigne’s old line: “Never argue with a fool, because they will only drag you down to their level of stupidity and then beat you with their experience.”
        There’s one item that is going to be in high demand. CROW will become the choice snack of dozens of ‘wise’ analysts and posters who think they know where this thing is headed.
        “Stocks up. Shows resiliency.” Crazy. Listening to the above discussion, I’m reminded of Ayn Rand’s statement: “You can ignore reality, but you can’t ignore the consequences of ignoring reality.”

        • On March 27, 2020 at 12:44 pm,
          Temple says:

          +1 Yes, that comment got me too. And to think I thought the rally was a weak oversold/technical dead cat bounce in a bear market. Silly me!

          • On March 27, 2020 at 1:12 pm,
            Jim M says:

            This entire event is driven by the China propaganda response, media hype, political twisting, not by reality – where are the numbers to prove this is devastating? There are none. When you look at the U.S. death rate, 1.4%, this is not a crisis, it is fear enhanced by media propaganda in a society that is not used to suffering.

            Say 1 million die in the US – that is terrible – but, predominantly elderly, non productive citizens who are on fixed incomes or burdens to the health care system. IS that going to stop demand when treatment is available?

            Losers bet on failure, winners bet on success. I’m betting this passes, based on real numbers, not media hype.

  7. On March 27, 2020 at 2:50 am,
    cfs says:

    Interestingly, unlike climate modelers, who never adjusted their models as they failed in their predictions to match actual results, the corona virus modelers……in London, at MIT and at Harvard….are now all scrambling to down-adjust their predictions of critical patients and deaths. THE GOOD NEWS IS, that despite incomplete social distancing maintained on the ground, the actual numbers of new infections, hospitalizations and deahs ARE ACTUALLY DROPPING relative to early projections in almost all countries.

  8. On March 27, 2020 at 3:02 am,
    cfs says:

    The other good news is that in countries where the majority of the population wore face masks, Taiwan, Hong Kong, and S.Korea, the use of masks was effective in reducing transmission of the corona virus.
    https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3077258/coronavirus-hong-kong-government-stops-receiving

  9. On March 27, 2020 at 3:04 am,
    CFS says:
  10. On March 27, 2020 at 12:10 pm,
    james says:

    The System will change in a way you can’t imagine !

    • On March 27, 2020 at 12:31 pm,
      james says:

      The Chinese Cun Flu Virus !

    • On March 27, 2020 at 1:18 pm,
      Jim M says:

      I hope you are right – the US needs to get off the China/progressive driven globalization train and return to sovereign self interest. IF that happens, things will change for the better.

      If this passes, and we return to the direction we were headed, then things will change in a very bad way in the future.

  11. On March 27, 2020 at 1:21 pm,
    Jim M says:

    POTUS Action on GM, forcing once global giants to heel.

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