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Italy stopped all manufacturing.
No lambos.
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This is the beginning of the hyperinflation of the USD.
Yeah, it's very tempting for the government to just put extra money into people's hands for short-time relief during hard times. But then people will realize there is not enough products available on the open market. Especially when the rich ones will start hoarding like crazy at the first hint of product's shortage. |
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Gold is back at 1600...
Bitcoin is up...
If stocks will go up too, that would be weird.
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I really wonder for how much longer the American people will let an obvious morbus pick patient run the show. He's not exhibiting "personality change" nor "hostile social conduct towards family members". Biden has dementia for sure, so it's not like he's a better choice. |
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Who will buy stocks today?
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Small pump in progress... let's hope it's not fake!
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The current measures are not an overreaction.
Maybe not. Even though I'm inclined to be on LS side, I want to keep an open mind, and frankly, Italy's numbers (600-800 deaths every fucking day) are pretty scary. https://www.rte.ie/news/world/2020/0322/1124706-italy-new-death-toll/However, top health officials sounded, while not upbeat, encouraged to see Sunday's daily deaths fall back from Saturday's grisly 793 to a slightly less shocking 651.
The hardest-hit northern region of Lombardy remained in a critical situation, with 3,456 deaths.
"The figures announced today are lower than those for yesterday," said Italian civil protection service chief Angelo Borrelli.
"I hope, and we all hope, that these figures can be borne out in the coming days. But do not let your guard down."
Italy has sacrificed its economy and liberties by shutting down almost everything to halt the spread of a virus the government views as an existential threat.
Around 80% of cases of Covid-19 will be a mild to moderate illness, close to 14% have severe disease and around 6% are critical.
Generally, you need to be 15 minutes or more in the vicinity of an infected person, within 1-2 metres, to be considered at-risk or a close contact.
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Oh no... not 6400 sideways... not again...
I prefer this to 5400 and dropping... No shit, Nostradamus... |
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Oh no... not 6400 sideways... not again...
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when we see gold start to pump back up we will know its on like donkey kong
any day now
Yeah, nobody's going to buy stocks anytime soon. But eventually they'll get restless holding USD bags. They'll be itching to buy something. |
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Tried to observe $7000, but blinked (yeah that's 1m)...  |
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It's not about the Covid deaths. It's about their consequences.
Snakes don't do much damage to the economy, do they?
Well, maybe we shouldn't overreact and shut down the economy then. |
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Going back to $7000 seems very reasonable at this point.  My theory: they sat of the pile of USD for 2-3 days and decided they just couldn't take it anymore. |
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So you sold 10BTC at roughly $4400, you have at least $40,000. Buy 5BTC back & throw the rest into stocks & in a couple of years all will be good for you.
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