Links 12 March 2020

Global Macro / Markets / Investing:





Leith van Onselen


  1. The beauty of this market volatility is that both bulls and bears get to be right and wrong at least twice a day.

  2. It has occurred to me it is the end times.

    Easter, and the resurrection of what, 10 accounts?

    The 4 alpacas of the apocalypso:

    reus has the pestilence
    we have the corona stats war
    everyone has famine 2 out of 5 days
    and our faith in civil society is dead

    It has been less unpleasant than a colonoscopy to have known you, chunts.

  3. “German Chancellor Angela Merkel has warned that up to 70% of the country’s population – some 58 million people – could contract the coronavirus.

    Mrs Merkel made the stark prediction at a news conference on Wednesday alongside Health Minister Jens Spahn.

    She said since there was no known cure, the focus would fall on slowing the spread of the virus. “It’s about winning time,” she explained.”


    Coronavirus: Is it time to stop using public transport? … Paul Nuki … UK Telegraph

    … extract …

    … Research published in BMC Infectious Diseases in 2011 found that those using public transport during flu outbreaks were up to six times more likely to pick up an acute respiratory infection.

    This is especially true in densely populated cities. The underground, which serves roughly 1.2 billion passengers annually, is a particular hotspot, according to a paper published in Environmental Health journal in 2018.

    The study “suggests a link between public transport use and infectious diseases transmission” and found risk was highest for those who have long journeys or use busy interchange stations, as they come into contact with more shared surfaces and people. … read more via hyperlink above …
    Cruise ship Travel Warning … United States State Department

    Passengers on Cruise Ships

    U.S. citizens, particularly travelers with underlying health conditions, should not travel by cruise ship. CDC notes increased risk of infection of COVID-19 in a cruise ship environment. In order to curb the spread of COVID-19, many countries have implemented strict screening procedures that have denied port entry rights to ships and prevented passengers from disembarking. In some cases, local authorities have permitted disembarkation but subjected passengers to local quarantine procedures. While the U.S. government has evacuated some cruise ship passengers in recent weeks, repatriation flights should not be relied upon as an option for U.S. citizens under the potential risk of quarantine by local authorities. … read more via hyperlink above …

  5. The Traveling Wilbur

    Those exiting China and South Korea should get a break from all the moral turpitude and hand-wringing/pearl-clutching. Especially the poor young aspiring students. After all, it may have been a little bit frightening, but they were just Kung Flu flighting.

    • If it’s like Australia the tax on alcohol is linked to CPI. So technically in a recession the tax should go down and freezing the tax would stop it from going down!

  6. ScoMo’s wages for 120k apprentices is not a stimulus for corona hit, it’s a stimulus for construction bust

      • Sure will, I imagine businesses will all of a sudden have hundreds of apprenticeships. $7000 direct to the employer per quarter, thats some incentive right there.

      • not according the Corminator on Kuddles Kelly this morning
        She let him off the hook.

  7. The White House has ordered federal health officials to treat top-level coronavirus meetings as classified, an unusual step that has restricted information and hampered the U.S. government’s response to the contagion, according to four Trump administration officials.

    The officials said that dozens of classified discussions about such topics as the scope of infections, quarantines and travel restrictions have been held since mid-January in a high-security meeting room at the Department of Health & Human Services (HHS), a key player in the fight against the coronavirus.

    Staffers without security clearances, including government experts, were excluded from the interagency meetings, which included video conference calls, the sources said. …

    If that doesn’t put wind under faerie wings try this …. Bidens cabinet picks …

    Saagar Enjeti: Biden’s plan for Wall Street takeover of Washington revealed

  8. “We have called every day for countries to take urgent and aggressive action. We have rung the alarm bell loud and clear,” WHO chief Tedros Adhanom Ghebreyesus said in Geneva on Wednesday.

    What a bunch of lying MFs. They refused to call it an emergency for several days, and character assassinated anyone that attempted to alert the world to the urgency of the situation.