Links 29 May 2020

Global Macro / Markets / Investing:





Leith van Onselen


  1. So…credit downgrades to record highs, check, 42% of jobs lost are lost for good…check. S&P to the moon… Check!
    Reality…..get a checkup?

  2. Mark Hardwood

    George Floyd was a bouncer at a restaurant, who was laid off due to COVID-19 lockdown. He was broke and used a fake $20 note to try to buy food.

    What is the death toll of COVID lockdown at so far?

    I’m surprised the equality/racial angle hasn’t been picked up yet – young poor minorities are going broke so that old white boomers can live another few months in a nursing home.

    • They had to drag the guy out of his truck. He wasn’t co-operating. He could have made it easy for the police.

      Unfortunate incident.

      • Then one of them had to kneel on his neck until he stopped breathing while 3 others stood around watching.
        All over a possibly counterfeit $20 note.
        A bit more than “unfortunate”.
        If only he had been the CEO of a major bank during the GFC. The government would have stepped in to bail him out.

      • We are no better here……a case in point the police shooting in Melbourne yesterday. No way in hell do you have to shoot dead a person waving a knife around with a semi-auto weapon to subdue them.

        The police in Australia have been doling out punishments with their tasers etc. for the last ten years…….it is the for the courts to award punishments not the police. No way would the police force I grew up with think of shooting dead mentally ill people as a first response…….something is badly wrong in our police forces now and they will rue the day eventually.

        • desmodromicMEMBER

          The use of lethal force on the mentally ill has mostly been a Victorian problem and it has been that way for decades. This issue has its origin in the availability of community support for the mentally ill following the closing of asylums in the 1970s and 80s. As a nation we handle this issue poorly.

        • I don’t think it’s reasonable to judge until we know the circumstances…the cop body cams etc.

          The guy may have suddenly charged an officer with the knife, leaving him no choice but to defend himself. Or it may have been clumsily handled and an unnecessary death. I’m gonna wait and see before I form a view.

          • Blottridesagain

            What a stupid thing to do. Don’t you have a moral conscience with an instant and easy recipe to fix everything?

        • our police is brutal …

          for example in 2015 out of total of 27 deaths by firearms, 10 were by police force

        • “a case in point the police shooting in Melbourne yesterday. No way in hell do you have to shoot dead a person waving a knife around with a semi-auto weapon to subdue them.”

          Nah mate, they should’ve “just shot him in the legs.” There’s always one internet law enforcement expert giving their unqualified opinions from the couch on how Police should have handled things.

          What the cop in the US allegedly did is at the end of the totally unacceptable spectrum if true. But the truth always takes some time to come out (remember Michael Brown a few years ago?). The dkheads running around Minneapolis ganking TV’s and torching small businesses that had nothing to do with it and putting more people out work, deserve the same fate in my book.

          • The Traveling Wilbur


            If someone waves a knife at a cop, cop gets benefit of doubt for whatever happens next (until incident investigation complete).

            To those who might not understand why, it’s because no one would do the job otherwise. Well LSCHWP might.

            But only from about 400 yards away from everyone else…

          • @The Traveling Wilbur
            so why do police officers in 99% of the world are stilling willing to do the job without having free hands to kill?

          • 400 yards is an excellent range for rifle shooting.

            I’ve been involved with firearms since I was a kid, and I currently shoot about 6000 rounds per year, mostly military and police style handguns. I’m a current world grade champion in one of the disciplines I compete in so In this case I actually know what I’m raving about.

            The whole “why didn’t they shoot to disable him or shoot the knife out of his hands” is absurd Hollywood inspired nonsense. It’s impossible and potentially suicidal in the face of an aroused person with an edged weapon at close range.

            Google for “Tueller Drill” to learn more.

    • ageism overrides racism …
      you have to find an elderly gay person of colour that suffered from lockdowns to get any response from fake left

    • reusachtigeMEMBER

      Don’t you get it!!?? If you are healthy and young you should be screaming “Lock. Us. Down” because this thing really does hit young people too, it does, you hear the radio ads!

  3. migtronixMEMBER

    Trump “China is very very bad but they have great policies on controlling social media”

    What a fraud.

  4. Protestors Criticized For Looting Businesses Without Forming Private Equity Firm First

    “I understand that people are angry, but they shouldn’t just endanger businesses without even a thought to enriching themselves through leveraged buyouts and across-the-board terminations. It’s disgusting to put workers at risk by looting. You do it by chipping away at their health benefits and eventually laying them off. There’s a right way and wrong way to do this.”