Good Traders Know When They are Wrong & Also Know When Something is Wrong


QUESTION: Hi Marty:
Good traders know when they are wrong based upon objective evidence.
You argue that the Coronavirus isn’t a true pandemic, and that the governments’ reactions to this are politically driven with the intention of advancing a socialist agenda. Your perspective is logical and supportable. But, it is very hard not to get caught up in the media hype and the constant stream of dire predictions and numbers. So, I am still not convinced one way or the other.
What would you need to see statically for you to change your position, and determine that the Coronavirus is in fact a true pandemic warranting the governments’ response?
Best,
Dan

ANSWER: This is a pandemic, not an epidemic. The distinction is very significant. What I am saying is that politics is now taking over and using the hype for political gain. As of March 30, 2020, there have been 142,178 confirmed cases and 2,484 deaths. The flu results in 10 times the number of deaths each year. Ask yourself, why do we not shut down the entire economy for every flu?

If we take the ratio of flu numbers (10x), then there should be about 40,000 hospitalizations, 1.8 million medical visits, and 3.8 million people who get the virus. With 142,178 confirmed, we are well behind the 1.8 million for this flu season and that is not considered an epidemic.

The hype is being used for political purposes. This is way too exaggerated to make sense. This is too convenient and organized. I PERSONALLY have real information that elites in Europe were given the heads up and sold not just their shares, but their bonds. NEVER has there been a flight to quality that went directly to cash — not even 1929!

The numbers are far from what would be necessary to imply any justification for closing the entire world. It is true that good traders know when they are wrong, but they also know when something iswrong and this does not add up to the past.

For those Interested in Toilet Paper


 

The Insanity of the Times – The Power Grab But to What End?


COMMENT:

Hi,

Am a long time blog follower, as well as a Plus membership subscriber.

I penned this poem about the absurdity that is happening with this Corona episode. I was hoping that you could share it with the public on your blog.

Hour after hour day after day,
mainstream and state media has the same thing to say.

Causing a panic amongst the masses,
gotten to the point where many cannot find the material to wipe their own asses.

A lot of societies vulnerable have lost their employment,
living on government handouts brings no enjoyment.

Media aggression,
has caused a severe depression.

Perhaps this will all pass in a matter of time,
though probably not before a major surge in crime.

Government says we cannot leave our door,
yet every year the common flu kills so many more.

So isolate yourself and follow our news,
makes one wonder if this is all just a ruse?

I surely am not the lone informed soul,
understanding the endgame is more government control!

Regards,

CR

The Sentiment in Germany is Turning Against Exaggerated Virus


Lt. General Semonite Discusses Coronavirus Mitigation Effort…


Beware of Lt. Gen. Todd Semonite. A review of his social media shows a strong political alignment with team “resistance“.  The head of the Army Corps of Engineers appears with Martha MacCallum to discuss his efforts within the COVID-19 response team.

[LINK]

 

Pittsburgh Area Residents Queue Two Miles for Drive Through Food Bank Distribution….


As more essential service outlets start to become overwhelmed at the stress upon their food delivery operations; and with more food store employees necessarily absent due to the coronavirus spread; regionally, the food supply chain will becoming more dependent on food bank distribution.

If the virus spread continues at current pace, some regional supermarkets with multiple locations will likely begin targeted shut-downs by retreating and disbursing available healthy (non-infected) employees on a store-by-store basis.  The potential for this issue is most likely to first originate within urban communities; and then outflow.

This reality is starting to become more evident in localized communities, and a distribution center in the greater Pittsburgh, Pennsylvania, area gives a great example of what could become increasingly common across the nation.

Approximately 1,500 cars line up to receive essential food products from the Greater Pittsburgh Community Center.  The capacity was anticipated around 1,700 at the beginning of the three hour event. 1,500 cars were in line before it began.  [Video Story]

Andrew Rush@andrewrush

Embedded video

3,930 people are talking about this

Chris Hoffman

@NewsmanChris

Embedded video

See Chris Hoffman’s other Tweets
Depending on your location, and depending on your potential risk exposure to these types of impacts, it would be suggested to prepare yourself and your family accordingly.

This phase, the phase everyone is hoping to avoid, is not a total supply issue; there is no shortage of food products.  The issue becomes one of local distribution where diminished workforce capacity begins to have an impact on the local provider.

Federal Judge Rules Killing Babies is an “Essential Service”…


Strange times we live in

Earlier today in Tampa, Florida, the county sheriff let the criminal inmates out of his jail, and then went to arrest a pastor for delivering Sunday church services and put him in the same jail.

Now a federal judge rules that getting a hip replacement should be delayed to help offset medical supply needs; but killing babies is an “essential service” that needs to continue.

TEXAS – […] Texas Attorney General Ken Paxton announced last week that abortion providers were covered by a state order that required postponement of non-urgent medical procedures to preserve hospital beds and equipment during the pandemic.

U.S. District Judge Lee Yeakel in Austin ruled that Paxton’s action “prevents Texas women from exercising what the Supreme Court has declared is their fundamental constitutional right to terminate a pregnancy before a fetus is viable.” (read)