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541  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 09:00:49 PM
I think banning travel was one of the best things that Trump has ever done, if not the best.  It was a brave decision.  Europe are fools for not following Trump’s lead and now they are paying for it.  

I think downplaying Covid-19 and blocking testing in the US is absolutely the wrong thing to do.

The situation within the US is still manageable but the administration needs to pull its finger out.
542  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:46:23 PM
Well it’s a good way to get spread in jail
543  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:45:27 PM
So Trump is a hero for banning travel but coronavirus is nothing to worry about. Got it.
544  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:39:27 PM
In Italy, friendly kisses and hugs are part of the culture. This also adds to the explosive increase, also many elderly there. They say it's because of extensive use of olive oil in their cooking.

maybe. but what is the official statement of how Italy became so massive infected with the COVID-19? are there any explanations so far?

no idea if there's an official statement,
but here's one explanation https://summit.news/2020/03/05/coronavirus-patient-zero-in-italy-was-pakistani-migrant-who-refused-to-self-isolate/
again, sad

That’s what happens when you don’t have a social safety net.  There’s no point in him self isolating if he can’t pay his rent and is thrown out on the street.  

Maybe as part of this we will realize that we have to take care of our sick and vulnerable.  But probably not, we will just jail them instead. 
545  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:32:32 PM
So the WH downplays corona after banning travel early on while the WHO clearly stated not to restrict travel or trade?

And Trump is going to be hurt by corona by candidates that are for open borders and free health care for illegals instead of Americans?

I mean, I get that the overwhelming majority of people on this planet is mentally impaired, but come on.

If the above figures are correct of 1.9 million US ICU admissions (they do sound like a worse case scenario), that’s not something you can casually blow off. 
546  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:11:12 PM
Quote
White House coronavirus threat downplayed as US infections surge
Jacob Greber
Mar 8, 2020 — 2.56pm


Washington | White House officials downplayed chances President Donald Trump or Vice President Mike Pence came in contact with a coronavirus-infected person at a top annual conservative conference they attended in Maryland late last month.

As the number of deaths in the US rose to 19 and reported cases jumped above 440 on Saturday (Sunday AEDT) from just under 300 on Friday, organisers of the Conservative Political Action Conference said one of their attendees had tested positive.

Mr Trump, who has been widely criticised for downplaying the crisis, said when asked at his Mar-a-Lago resort in Florida about the coronavirus getting closer to the White House: “I’m not concerned at all.”
But in a sign of the outbreak’s accelerating spread, New York state governor Andrew Cuomo declared a state of emergency that takes in the world’s most important financial centre. Countless conferences and festivals were cancelled across the nation, while the list of states impacted added Kansas and Virginia.
The District of Columbia, which hosts the White House, reported its first “presumptive positive case” late on Saturday.
Markets are likely to continue their wild ride this week after another Wall Street fall on Friday despite a robust 273,000 payroll number for February.
The jitters are being driven by concern over America’s official response to the health crisis which centres on a lack of available testing kits that have left policymakers blind to the true scale of the problem.
Quote
I don’t need to have the numbers double because of one ship that wasn’t our fault.
— US President Donald Trump
Mr Trump was widely derided for saying on Friday that he preferred passengers on a cruise ship with potentially hundreds of infected passengers off San Francisco didn’t come onshore because that would drive up the official US count.
“I would rather because I like the numbers being where they are,” he said. “I don’t need to have the numbers double because of one ship that wasn’t our fault.”
So far American labs have done 5861 tests, a number that officials expect to rise sharply in coming days and weeks as more kits are made available.


Pence admits US doesn't have enough testing kits

The last week has been a reminder of the benefits of international collaboration and trust in fixing health emergencies with global financial implications, said Frederick Kempe, president of the Atlantic Council.
“What we’re learning – in real-time, Darwinian fashion – is that proactive countries, societies and individuals are performing far better than reactive ones,” he said on Saturday.
“Governments that engage in truth-telling are heading off dangers faster than those that obfuscate or delay.”
The US and Europe should take the crisis as a wake-up call to their “excessive dependence” on China for supply chains that range from drugs to rare-earth metals.
“Perhaps the most important lesson of the past weeks of coronavirus is that the recent rise of authoritarianism globally and the rise of populism and nationalism among Western-style democracies provide a poor recipe for sound, trusted, experienced management of an unfolding global health emergency,” Mr Kempe said.
As US businesses, governments and households try to manage their obligations, the list of big events affected continued to grow.
547  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:02:41 PM
Edit:

Filipone your numbers are out of date.  

There are 19 fatalities in the USA as of 30 minute ago with 484 cases.  

Which gives a fatality rate of about 4%

Given the total lack of testing in the USA I would say both the case rate and the death rate are too low.
548  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 07:38:35 PM
Given Trump seems actively involved in trying to cover up US cases of Covid-19 by withholding testing, I now think there is a better than 50% chance this will bring him down.



Sadly he seems to be like Teflon... nothing sticks

As Bill Clinton once said “Its the economy, stupid”.  If the economy tanks, and he is seen to have made it worse, he is a goner. 
549  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 07:29:16 PM
Given Trump seems actively involved in trying to cover up US cases of Covid-19 by withholding testing, I now think there is a better than 50% chance this will bring him down.

Quote
A sick Californian nurse made a desperate appeal for help.

She says the federal Centres for Disease Control had been unwilling, or unable, to test her for COVID-19. Her patients may have infected her. She may have infected others.

She had volunteered to help.

“I did this because I had all the recommended protective gear and training from my employer,” she wrote in an open letter. “I did this assuming that if something happened to me, of course, I too would be cared for.”

She was wrong.

The protective gear did not work. She is sick. But she’s not getting any treatment.

“I’m awaiting ‘permission’ from the federal government to allow for my testing, even after my physician and county health professional ordered it. I am a registered nurse, and I need to know if I am positive before going back to caring for patients.”

Quote
As of yesterday, the US had only identified some 300 cases. Only eight have so far recovered, and 17 have died.

The resulting death rate of 5.9 per cent is the world’s highest. But that is a statistical aberration: the numbers are simply incomplete.

Epidemiologists know the actual number of sufferers is likely to already be in the tens of thousands. They just can’t prove it.

That’s because the test kits tailored to identify this specific virus are unavailable. And the government-run CDC has been imposing strange conditions upon its distribution and use.

Quote
The National CDC would not initiate testing,” the Californian nurse wrote. “They said they would not test me because if I were wearing the recommended protective equipment, then I wouldn’t have the coronavirus … What a ridiculous and uneducated response from the department that is in charge of our health in this country.”

The CDC is facing intense scrutiny.

The production of US COVID-19 testing kits was botched. The production facility was contaminated. A large batch of the vital kits was found not to be properly functional.

So they had to be recalled.

Instead, local doctors have had to ship samples to the one CDC laboratory capable of testing for the disease. The Atlanta facility was soon swamped.

Exactly how many US citizens have been tested is unknown. The CDC has strangely ceased reporting such vital statistics after Vice President Pence took over as the health agency’s public face.

Earlier this week he promised “roughly 1.5 million tests” would be available by the end of this week. On Friday, he rolled that promise back: “We don’t have enough tests today to meet what we anticipate the demand going forward,” he said.

"This is the most frightening disease I've ever encountered in my career."

Richard Hatchett, the doctor leading efforts to find a vaccine for coronavirus, says it is much more lethal than normal flu. But a survey of regional health officials by The Atlantic reveals a total of only 1900 suspected cases tested.

This is against the tens of thousands that need such testing - every day.

Meanwhile, the virus had already jumped ship.

https://www.news.com.au/lifestyle/health/health-problems/leaders-fatal-error-in-us-covid19-response/news-story/78c969786f07faf556658bb18d537283

550  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 11:17:21 AM
551  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 10:54:55 AM
kitchen paper will block your pipes

You aren’t supposed to eat it
552  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 10:38:12 AM
It’s the toilet paper whales man
553  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 10:18:50 AM
prosecute cartels, monopolies, collusion, price setting, and other anti-competitive practices.

making economic/business decisions.

Uh

You're an idiot

Thank you


A lengthier (JJGish) way of making the same point is to state that market regulation requires significant normative judgements.  This is particularly relevant in the merger control space where the regulator is required to evaluate the likely market dominance of the combined entity which is, at best, a hypothetical economic construct.  As such, the regulator is incapable of standing apart from the market and becomes an integral market actor making ‘economic/business decisions’.  This is without going into the challenges of regulatory capture where there is a cross-over in personnel between the regulator and the market dominant actors.

But it’s faster to say ‘uh’
554  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 10:18:25 AM
-Cool retro poster.

I can’t read the text tho
555  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 10:13:18 AM
prosecute cartels, monopolies, collusion, price setting, and other anti-competitive practices.

making economic/business decisions.

Uh
556  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 09:44:42 AM
The government should not be responsible for anything of substance.

A truly competitive free market would work itself out as long as the government sets clear boundaries and is there to prosecute cartels, monopolies, collusion, price setting, and other anti-competitive practices.

Uh
557  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 09:31:16 AM
No, really, I am serious now... Why do people think toilet paper will be their biggest concern in case of a shortage of supplies?

What about water and food?

How the fuck does this work?  Like "I am fully prepped for the apocalypse because now I have a room completely filled with toilet paper." ?

Maybe it's the cheapest way to completely fill a supermarket cart so that they fool themselves that they are doing good?

Don't they know that when you don't eat you barely shit either?

Nonsense.

China is (was) the worlds biggest exporter of toilet paper.  

There’s bound to be a genuine supply side shortage somewhere.  

People are all thinking this is a demand side panic.  That’s not necessarily the case.  Why the fuck can’t I get lawn beetle killer?  Is that a blind demand panic as well?  Why can’t LFC get supplies? 

It all leads back to the worlds manufacturing hub being a bit fucked at the moment.
558  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 08:02:56 AM
Ok I can’t get lawn beetle killer.  It’s sold out and no new stock.

Pretty sure it’s not a substitute for toilet paper.  

We need to keep an eye on the availability of agricultural chemicals as this can have food security impacts.  

Quote
Nutrien, the dominant player in Australian farm supply and services, said the active ingredients in a range of herbicides, pesticides and fungicides were available only from China.

It predicted worldwide shortages of important farm chemicals within six to nine months if there was an extended breakdown in Chinese manufacturing.
559  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2020, 02:00:08 AM
"ROME - The situation surrounding coronavirus has become so extreme in Italy that an Italian association of anesthesia, analgesia, resuscitation and intensive care proposes to set an age limit for people to be admitted to intensive care. Moreover, people who are more likely to survive must be given priority."
https://www.telegraaf.nl/nieuws/1214394339/artsen-stellen-leeftijdsgrens-nieuwe-patienten-voor
https://www.reddit.com/r/China_Flu/comments/ff25hg/desperate_times_call_for_desperate_measures/




https://merionwest.com/2020/03/06/the-coronavirus-on-risk-and-idiots/
-some beautiful writing here, as well as good content

Triage means prioritizing those who are most likely to be saved by medical treatment.  

The corollary is withholding treatment from those likely to die even with treatment.

This is good, sensible medical practice which is applied every day when decisions are made to withhold further treatment from the terminally ill.  

The MerionWest article is excellent, if only because it mirrors my own views on mainstream commentators. 
560  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2020, 10:34:41 PM
Look at the prices of medical procedures in the US. One would suppose that capitalism would manage to reduce prices due to competition as it does in most other sectors. But in this particular case it is not happening at all. How do you reconcile US not having universal health care and still having the biggest per person spend? It just doesn't make any sense.

Simple. Medicine in the US is a semi-socialized, government-market-distorted clusterfuck that has nothing whatsoever to do with capitalism.

So the alternative being fully socialising it would probably work better IN COMPARISON... Unless they manage to keep corrupting the system somehow... which probably they would.

Is there any country where a pure capitalist health system exist? If there is, I would like to know and compare costs.

Somalia








Edit:  I checked and I am wrong. Somalia is working towards free basic universal care.  Bloody socialists.
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