Apr 062020
 
 April 6, 2020  Posted by at 10:38 am Finance Tagged with: , , , , , , , , , , , , ,


John M. Fox WCBS studios, 49 East 52nd Street, NYC 1948

 

Coronavirus Has Lit The Fuse On A Time Bomb In China’s Economy (SCMP)
Consider the Possibility That Trump Is Right About China (Schadlow)
Head Of WHO Accused Of Putting Lives At Risk By Parroting China’s Lies (DM)
China Owes US £351 Billion (DM)
It Started In China, But Europe Is The Hub For Global Coronavirus Spread (IC)
Japan To Declare State Of Emergency On April 7 (ZH)
Tracking Site Suggests White House Model Overestimates Hospitalizations (JTN)
Illinois Adjusts On The Fly To Meet Medical Supply Needs In ‘Wild West’ (CST)
Mexico’s President Has ‘Unorthodox’ Coronavirus Plan To Help Economy, Poor (R.)
Bailing Out the Bailout (Matt Taibbi)
Boris Johnson Received Oxygen Treatment After Being Admitted To Hospital (BI)
Dr.Zelenko Has Now Treated 699 Coronavirus Patients With 100% Success (TSU)
COVID-19 Attacks The 1-Beta Chain of Hemoglobin (Chemrxiv)

 

 

Are things actually calming down a little? Seems much too early to say. Some countries may apprear to be slowing down, but others have just started.

And perhaps some numbers have been exaggerated, but we all know many numbers have been lowballed for a long time too.

If the US has less than 3,000 deaths in 10 days, then maybe.

 

 

Cases 1,282,383 (+ 67,896 from yesterday’s 1214487)

Deaths 70,183 (+ 4,578 from yesterday’s 65605)

 

 

 

From Worldometer yesterday evening -before their day’s close-

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 21% !

 

 

From SCMP:

 

 

From COVID2019Info.live:

 

 

 

 

Someone called it the end of the Asian century.

Coronavirus Has Lit The Fuse On A Time Bomb In China’s Economy (SCMP)

The coronavirus outbreak has already taken a great toll on the Chinese economy, with all headline readings pointing towards a record slowdown in growth during the first two months of the year. But there is an even greater danger for what was once the world’s fastest-growing major economy: that Covid-19 will become the catalyst that will bring its many long-simmering problems to the boil. At the centre of these problems is a rising systemic risk in its banking and financial systems caused by a high level of debt accrued over the past decade. The outbreak could not have occurred at a worse time. The past 10 years have not only seen the economy saddled with this debt, but it has also involved a steady structural slowdown that last year saw the growth rate fall to 6.1 per cent, the lowest in decades.


Now, just at the very time the country might consider spending more to prop up that growth rate, a raging pandemic means it will be making much less money than usual. The latest data from the Chinese Ministry of Finance shows fiscal revenue plunged by 9.9 per cent in the January-February period, the steepest drop since 2009. Overall tax revenue fell 11.2 per cent, driven by a 19 per cent slump in value-added tax (VAT) revenue, the main source of fiscal income. These drops come just as the government has offered a handsome tax cut in response to the pandemic. Meanwhile, the escalation of the pandemic in the rest of the world will only further weigh on China’s economic growth, corporate profits and personal income. In turn, this will inevitably drag down government revenue in months to come.

Beijing’s proposed stimulus spending will only exacerbate China’s already-massive debt pile, which had reached 310 per cent of gross domestic product by the end of last year, according to the Institute of International Finance. Many economies that have experienced such levels of debt have gone on to suffer a financial crash or economic crisis. China now accounts for about 60 per cent of the US$72.5 trillion emerging market debt. A deleveraging campaign had reduced Beijing’s debt mountain in 2018. But it has since returned to credit-driven stimulus to support growth and combat the effects of its trade war with the United States. About 80 per cent of China’s debt stock was accumulated over the past decade as the country strived to achieve the politically significant milestone of doubling its economic sizefrom 2010 to 2020. The milestone was a key goal in President Xi Jinping’s Chinese dream of “national rejuvenation”.


While the coronavirus threat has receded in China itself, any hope of an early recovery is forlorn as Covid-19 is still ripping through the major developed economies – essentially, China’s customers and trade partners. Plunging demand from abroad will create a second shock wave that will hit China’s export-oriented economy just as it is recovering from the first shock of having to lock down its cities. China’s balance sheet will be hit by both dwindling revenue and a spiralling demand for spending. Rising corporate debt, surging local government borrowings, and soaring non-performing loans for commercial banks are three areas that could wreck its fragile financial and banking systems. The non-financial corporate debt-to-GDP ratio jumped from 93 per cent in 2009 to 153 per cent last year [..]

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Nadia Schadlow is a former deputy national-security adviser for strategy.

Consider the Possibility That Trump Is Right About China (Schadlow)

China, America’s most powerful rival, has played a particularly harmful role in the current crisis, which began on its soil. Initially, that country’s lack of transparency prevented prompt action that might have contained the virus. In Wuhan, the epicenter of the outbreak, Chinese officials initially punished citizens for “spreading rumors” about the disease. The lab in Shanghai that first published the genome of the virus on open platforms was shut down the next day for “rectification,” as the Hong Kong-based South China Morning Post reported in February. Apparently at the behest of officials at the Wuhan health commission, news reports indicate, visiting teams of experts from elsewhere in China were prevented from speaking freely to doctors in the infectious-disease wards.

Some experts had suspected human-to-human transmission, but their inquiries were rebuffed. “They didn’t tell us the truth,” one team member said of the local authorities, “and from what we now know of the real situation then, they were lying” to us. Now China’s propagandists are competing to create a narrative that obscures the origins of the crisis and that blames the United States for the virus.

This irresponsible behavior and lack of transparency revealed what Trump’s National Security Strategy had identified early on: that “contrary to our hopes, China expanded its power at the expense of others.” Instead of becoming a “responsible stakeholder”—a term George W. Bush’s administration used to describe the role it hoped Beijing would play following China’s entry into the World Trade Organization in 2001—the Chinese Communist Party used the advantages of WTO membership to advance a political and economic system at odds with America’s free and open society. Previous National Security Strategy documents had tiptoed around China’s adversarial conduct, as if calling out that country as a competitor—as the 2017 document unequivocally did—was somehow impolite.


[..] Dependence on China for crucial medical equipment throughout the pandemic has illuminated the dangers of a hyper-globalized economy. Experts had warned of American dependence on key drug ingredients from China. The Wall Street Journal has reported that China is the only maker of key ingredients for certain classes of drugs, including established antibiotics that treat a range of bacterial infections such as pneumonia. American reliance on Chinese suppliers for other pharmaceuticals and medical supplies is also worrisome. Americans should not depend on an authoritarian rival state for its citizens’ health—any more than the United States and other free and open societies should give Chinese companies, and by extension the Chinese Communist Party, control over communications infrastructure and sensitive personal data.

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The Daily Mail does not take prisoners.

“The British and US governments fund about a quarter of WHO’s $2.2 billion annual budget, while China gave $44.3 million last year.”

Head Of WHO Accused Of Putting Lives At Risk By Parroting China’s Lies (DM)

It seems the new virus first began appearing in Wuhan last November to the bafflement of local doctors. On December 31, China reported a cluster of pneumonia-like cases to the WHO. On the same day, Taiwan tipped off the Geneva-based body that it had learned of medical staff in China falling ill – a clear sign of human-to-human transmission. Yet it said the information was not shared since the nation is excluded from a key WHO platform. Chen Chien-jen, Taiwan’s vice-president and an epidemiologist, said the WHO’s failure to obtain first-hand information on human transmission led to crucial delay. ‘An opportunity to raise the alert level both in China and the wider world was lost.’

The WHO confirms receiving an email mentioning ‘news reports of atypical pneumonia reported in Wuhan, and that Wuhan authorities said they believed it was not SARS’ but denies there was any mention of medical staff falling ill. There are suggestions Chinese authorities knew of human-to-human transmissions early in January, even as they detained doctors desperately trying to warn about a potential epidemic and accused them of spreading false ‘rumours’. Taiwan sent its own team to Wuhan in mid-January after failing to obtain clarification through official channels, which confirmed human transmission. There have also been credible claims on Chinese social media, repeated by online news reports, that an infected disease specialist in Wuhan alerted a senior WHO official in Asia because they had trained together and remained friends.

On January 11, a Chinese government respiratory expert who initially said the virus was ‘under control’ admitted he might have been infected in Wuhan. Media reports show medical staff were being treated in hospital for symptoms by January 15. Yet on January 14, the WHO confidently told the world that ‘the Chinese authorities have found no clear evidence of human-to-human transmission of the novel coronavirus identified in Wuhan’. It seems the new virus first began appearing in Wuhan last November to the bafflement of local doctors. On December 31, China reported a cluster of pneumonia-like cases to the WHO. On the same day, Taiwan tipped off the Geneva-based body that it had learned of medical staff in China falling ill – a clear sign of human-to-human transmission.

Yet it said the information was not shared since the nation is excluded from a key WHO platform. Chen Chien-jen, Taiwan’s vice-president and an epidemiologist, said the WHO’s failure to obtain first-hand information on human transmission led to crucial delay. ‘An opportunity to raise the alert level both in China and the wider world was lost.’ The WHO confirms receiving an email mentioning ‘news reports of atypical pneumonia reported in Wuhan, and that Wuhan authorities said they believed it was not SARS’ but denies there was any mention of medical staff falling ill. There are suggestions Chinese authorities knew of human-to-human transmissions early in January, even as they detained doctors desperately trying to warn about a potential epidemic and accused them of spreading false ‘rumours’.

Taiwan sent its own team to Wuhan in mid-January after failing to obtain clarification through official channels, which confirmed human transmission. There have also been credible claims on Chinese social media, repeated by online news reports, that an infected disease specialist in Wuhan alerted a senior WHO official in Asia because they had trained together and remained friends. On January 11, a Chinese government respiratory expert who initially said the virus was ‘under control’ admitted he might have been infected in Wuhan. Media reports show medical staff were being treated in hospital for symptoms by January 15. Yet on January 14, the WHO confidently told the world that ‘the Chinese authorities have found no clear evidence of human-to-human transmission of the novel coronavirus identified in Wuhan’.

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More Daily Mail. Because it’s a quiet Monday morning.

China Owes US £351 Billion (DM)

Britain should pursue the Chinese government through international courts for £351 billion in coronavirus compensation, a major study into the crisis has concluded. It comes as 15 senior Tories led by former Deputy Prime Minister Damian Green write to Boris Johnson to demand a ‘rethink and a reset’ in relations with Beijing. The first comprehensive investigation into the global economic impact of the outbreak concludes that the G7 group of the world’s leading economies have been hit by a £3.2 trillion bill that could have been avoided if the Chinese Communist Party had been open and honest about the outbreak late last year.

Britain’s slice of the compensation sum includes the full cost of Chancellor Rishi Sunak’s economic bailout and hike in NHS spending in response to the crisis. The landmark study also directly highlights crunch British policy decisions made earlier this year – such as not cancelling flights from London to Wuhan in January – that were hampered or directly affected by misinformation from China and the acquiescent World Health Organisation. The report, to be published tomorrow by the Henry Jackson Society, a British foreign policy think-tank, says there is evidence that China directly breached international healthcare treaty responsibilities, and outlines ten legal avenues major nations could take to pursue damages from them.


It is titled ‘Coronavirus Compensation: Assessing China’s potential culpability and avenues of legal response’ and concludes: ‘The CCP (Chinese Communist Party) sought to conceal bad news at the top, and to conceal bad news from the outside world. Now China has responded by deploying an advanced and sophisticated disinformation campaign to convince the world that it is not to blame for the crisis, and that instead the world should be grateful for all that China is doing. ‘The truth is that China is responsible for Covid-19 – and if legal claims were brought against Beijing they could amount to trillions of pounds.’ Legal avenues include bringing a case at the Permanent Court of Arbitration at The Hague against China for breaking sanitary commitments, going to the UN and International Court of Justice, or the WTO.

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Europe was very late. Maybe Americans should take note.

It Started In China, But Europe Is The Hub For Global Coronavirus Spread (IC)

When the coronavirus began to spread, Mongolia took sensible precautions. It halted border crossings from China, with which it shares a 2,877-mile border. Mongolia also imposed travel bans on people from South Korea and Japan, the other epicenters of the pandemic at the time. Yet the virus nonetheless found its way to Mongolia, where the first infected person — known as the “index case” — was a Frenchman who had come to the country from France via Moscow. The story is the same for many other countries that became part of the pandemic due to infected people carrying it from Europe. South Africa’s first coronavirus cases had gone to northern Italy for a skiing trip. South America’s first case was a Brazilian who had traveled to Italy’s Lombardy region, and Bangladesh’s first cases were Bangladeshis who had also come from Italy.


Panama’s index case was imported from Spain, and Nigeria’s first experience with coronavirus was an Italian business traveler. Jordan’s was imported from Italy. As Covid-19 cripples the U.S. and ravages many countries in the world, politicians are battling to craft a narrative of who is to blame for its damage. The virus started in China, of course, but narratives of how it went from epidemic to global pandemic often leave out a crucial element: the role of Europe. European countries have been hit much harder than Asian nations and have spread the virus significantly more than other regions. The Intercept went through news reports of Covid-19 index cases across the world, and the results were startling. Travel from and within Europe preceded the first coronavirus cases in at least 93 countries across all five continents, accounting for more than half of the world’s index cases.

Travel from Italy alone preceded index cases in at least 46 countries, compared to 27 countries associated with travel from China. One of the reasons European travel facilitated the spread of the coronavirus was because those countries were late to close air links. Italy closed one terminal of Milan’s main airport on March 16, when the northern region of Lombardy already had 3,760 cases in a population of 10 million people. By contrast, China had shut down flights out of Hubei province on January 23, when there were 500 reported cases worldwide and 17 deaths in Hubei among a population of 58 million. London’s Heathrow and Paris’s Charles De Gaulle airports are still open as cases soar in both of those cities, while Spain’s air operators only closed major terminals in Madrid and Barcelona when air traffic had ground to a halt anyway.

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Any state of emergency that doesn’t start the moment it’s announced is suspicious. Why not next week, month?

Japan To Declare State Of Emergency On April 7 (ZH)

Japan’s Prime Minister Shinzo Abe has decided to declare a coronavirus emergency, according to the Nikkei, as new cases in the capital surged at a record pace. And while the Japanese publication notes that the government will hold an unofficial meeting of a panel of experts and start preparing for the declaration, Kyodo reported moments ago that Japan will declare a state of emergency on April 7, which would take effect on April 8. An emergency declaration gives governors in the areas covered formal powers, such as issuing requests that people stay home; Tokyo and surrounding areas, as well as Osaka, are expected to be affected by the declaration.

Abe has been criticized for not having already declared an emergency – a hesitance thought by many to stem from a strong desire to hold the Olympics this summer in Tokyo as originally planned. The International Olympic Committee decided in late March to postpone the games to 2021 after consulting with the prime minister and others. And yet, a conflict is set to emerge almost instantly because Japan’s constitution does not permit the government to demand that individuals stay home, owing to civil liberties concerns. Is Japan – which already buys billions in stocks just to avoid a market crash and preserve social order – about to also have a constituational crisis?


In any case, we find it strange that there were almost “no cases” in the weeks leading up to Japan’s reluctant decision to postpone this year’s Olympics, only to see a sudden record surge afterwards as Japan’s cases “mysteriously” soared, demonstrating once again that the coronavirus – or rather the tracking of its case and death toll – is first and foremost a political priority. Abe met with parties including Health Minister Katsunobu Kato and Yasutoshi Nishimura, the economic and fiscal policy minister, on Sunday to discuss the spread of infections. “If necessary, we will decide [to declare an emergency] without hesitation,” said Nishimura, who heads the government’s coronavirus response, on a show of public broadcaster NHK on Sunday. “We are looking for signs of an overshoot,” he said, referring to an explosion in cases, and noted that the atmosphere has grown extremely tense.

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After going through model after model to make accouncements and set policy, Fauci says: “disease models “don’t tell you anything. You can’t really rely upon models..”

Tracking Site Suggests White House Model Overestimates Hospitalizations (JTN)

A web site that tracks actual hospital beds in use suggests the model used by top White House health officials to project the trajectory of the coronavirus has so far overestimated the number of Americans hospitalized by the disease by tens of thousands. Those projections, popularly known as the “Murray” model after the model’s lead author, University of Washington professor Christopher Murray, were explicitly cited by Dr. Deborah Birx, the response coordinator for the White House’s Coronavirus Task Force, at a press conference in the last week. Birx told reporters that Murray’s model, which predicts a shortage of tens of thousands of hospital beds throughout the country by the middle of April, underscored the task force’s “concern that we had with the growing number of potential fatalities” based on the model’s projections.

Yet a comparison of actual hospitalized patients by state and nationally suggests the model has so far overestimated the number of beds needed to treat pandemic patients. The forecast predicted, for example, that the United States would need around 164,750 hospital beds for COVID-19 patients on Saturday. Yet the COVID Tracking Project, a team of journalists and data analysts who collect and tabulate coronavirus data from state tallies around the country, reported only around 22,158 currently hospitalized coronavirus patients nationwide on Saturday. The discrepancies are also stark when looked at on a state-by-state basis. The model estimated that 65,434 patients would need hospital beds in New York State on Friday. In reality, there were 15,905 hospitalizations in that state by Sunday morning, according to the COVID Tracking Project.

Notably, the model touts its predictions as occurring under “full social distancing” through May of this year, meaning the projected hospitalizations are meant to occur even with significant quarantine measures. It is unclear why the model’s numbers are so significantly higher than the actual numbers observed in hospitals across the country. Officials have offered explanations for various model fluctuations ranging from data assumptions to the impact of stay-at-home orders. [..] at a White House press conference on Saturday, Birx said that coronavirus modelers are “re-evaluating all of their models in light of the level of the impact of the mitigation.” “Just to be clear, we won’t know how valid the models are until we move all the way through the epidemic,” she said.


Dr. Anthony Fauci, meanwhile, reportedly said during a recent meeting that disease models “don’t tell you anything. You can’t really rely upon models.” Fauci has elsewhere indicated a preference for overestimating the possible effect of the coronavirus pandemic in the United States, telling reporters in March: “I think we should be overly aggressive and get criticized for overreacting.”

https://twitter.com/AndyGrewal/status/1247010974974054406

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The entire west is wild. Most organizational models are horror material. No money in them, no political gain.

Illinois Adjusts On The Fly To Meet Medical Supply Needs In ‘Wild West’ (CST)

In a state where the government usually operates on the basis of buy now, pay later (often much, much later), the emergency of the coronavirus pandemic has required a decidedly different approach. About two weeks ago, Illinois officials tracked down a supply of 1.5 million potentially life-saving N95 respirator masks in China through a middleman in the Chicago area and negotiated a deal to buy them. One day before they were expecting to complete the purchase, they got a call in the morning from the supplier informing them he had to get a check to the bank by 2 p.m. that day, or the deal was off. Other bidders had surfaced.

Realizing there was no way the supplier could get to Springfield and back by the deadline, Illinois assistant comptroller Ellen Andres jumped in her car and raced north on I-55 with a check for $3,469,600. From the other end, Jeffrey Polen, president of The Moving Concierge in Lemont, drove south. Polen isn’t in the medical supply business, but he “knows a guy,” an old friend who specializes in working with China’s factories. As they drove, Andres and Polen arranged to meet in the parking lot of a McDonald’s restaurant just off the interstate in Dwight. They made the handoff there. Polen made it back to his bank with 20 minutes to spare. Illinois already has received part of the mask shipment. There’s more on the way.

That’s just a taste of the “Wild West” world of emergency procurement taking place over the past several weeks as the state fights for equipment and supplies to protect frontline workers and patients in the battle against COVID-19. Most of that work is being performed by Gov. J.B. Pritzker’s administration through a rapid-procurement strike team, pulling together procurement specialists from around state government under the auspices of the Illinois Emergency Management Agency. [..] They’re all looking for what we have come to know as PPE or personal protective equipment — masks, gloves, gowns and face shields — plus coronavirus testing kits and swabs and, most prized of all, ventilators to help those most seriously ill keep breathing.


There’s a separate team working just on ventilators, said Deputy Governor Christian Mitchell, who is overseeing the procurement efforts for Pritzker. When they find what they need, they have to move immediately to complete the purchase before losing out to another bidder — even as the competition causes prices to jump to levels that would have been ridiculous just a month ago.

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Not everybody had endless pockets. PEMEX must be hurting something bad.

Mexico’s President Has ‘Unorthodox’ Coronavirus Plan To Help Economy, Poor (R.)

Mexico’s president unveiled a plan on Sunday to lift the economy out of the coronavirus crisis, vowing to help the poor and create jobs, but his promise of fiscal discipline sparked criticism that the measures fell far short of what was needed. President Andres Manuel Lopez Obrador pledged Mexico would create 2 million new jobs in the next nine months and boost small business and housing loans. He also vowed to tighten public sector austerity to avoid debt. Governments worldwide have unleashed unprecedented spending pledges to minimise damage to their economies from the coronavirus, including a $2-trillion package by Mexico’s top trading partner, the United States.

But Mexico’s leftist leader, targeting measures for the “most vulnerable”, said he would use a budget stabilization fund and cash from public trusts to fund plans to shield the poor from a slump economists expect to be severe. “This crisis is temporary, transitory,” Lopez Obrador said in a televised speech. “Normality will return soon. We will defeat the coronavirus, we will reactivate the economy.” Last week, Lopez Obrador said about $10 billion was available from various rainy day funds, while the finance ministry said “buffers” for the economy included a stabilization fund of about $6.6 billion available from the end of 2019.


Known by his initials “AMLO”, the president said Mexico would announced next week investments in the energy sector worth 339 billion pesos ($13.5 billion) to boost the economy, which some private analysts forecast to contract by up to 10% in 2020. That sum is far less than $92 billion in energy investments the private sector has proposed to the president.

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“The coronavirus emergency is probably temporary. The bailout looks like forever.”

Bailing Out the Bailout (Matt Taibbi)

Congress needed a year of intense infighting to approve a $4.7 trillion budget, but just a single week to draft this $2 trillion deal. Although members quibbled over numbers before the vote — Bernie Sanders insisted on more unemployment insurance, while others worried about creating a “slush fund” for airlines and other industries — the bill ultimately cruised through, passing in a voice vote in the House and 96-0 in the Senate. The Emergency Economic Stabilization Act of 2008, the only comparable “We need a gazillion dollars in 10 minutes” legislation in recent history, passed after a bitter battle, with 63 House Democrats and 91 House Republicans opposing. Analysts and politicians insisted the new bailout, in the broad strokes, was uncontroversial, a fire hose of money for virus-ravaged hospitals, workers, and small businesses.

Even critics of Wall Street agreed that this one isn’t a complete washout compared with the last disaster, when the taxpayer was asked to bail out the very people who’d caused the crisis. “At least this bailout has a Main Street component,” says Dennis Kelleher of Better Markets, a financial watchdog group. There are serious logistical questions about how money is supposed to get to Main Street — like, for instance, the use of the tiny Small Business Administration to push $377 billion in emergency loans out the door — but the larger problem has to do with the meat of the bill: the backstopping of the financial sector. As happened in the run-up to September 2008, Wall Street in recent weeks warned of Armageddon if the Fed did not immediately start spending billions per minute to buy every conceivable kind of financial product.

The Fed responded by dusting off emergency lending facilities like the Term Asset-Backed Securities Loan Facility, the Commercial Paper Funding Facility, the Money Market Mutual Fund Liquidity Facility, the Primary Dealer Credit Facility, the Secondary Market Corporate Credit Facility, and the Primary Market Corporate Credit Facility, all of which saw action after the crash of 2008. Each would be used to step in and buy financial products in the various markets frozen due to virus panic.The Fed furthermore announced that on March 23rd it would begin buying $50 billion in government-backed mortgage securities, in addition to $75 billion in Treasury bills, every day.

They’ve since lowered those numbers, but the scale of these interventions dwarfs any of the Fed’s actions post-2008. A $50 billion buying spree roughly represents as much Fed support of mortgage markets in one day as was done across a month at the peak of the last round of Quantitative Easing. Taken in conjunction with the CARES Act, the Fed and the Treasury were now positioned to become a major ongoing buyer of everything from mortgages to U.S. government debt to exchange-traded funds to corporate bonds to money-market funds.

[..] The Fed “balance sheet” as of Friday was already at $5.3 trillion, nearly $800 billion higher than its previous peak in May 2016. Wall Street analysts are predicting this number will eventually reach $10 trillion, and why not? Fed chief Jerome Powell signaled that assistance would be unlimited when he said the central bank “would not run out of ammunition.” As with 2008, the emergency support is supposed to be temporary, but there’s less belief that this is even ostensibly true this time around. There will be a lot of howling over the irony: Trump when he ran for president in 2016 said then-Fed chief Janet Yellen should be “ashamed” of creating a “false stock market” for Barack Obama. Our future will be a parody of the Yellen economy. Short-term loans to make payroll and keep tenants in storefronts are only a part of the rescue. The coronavirus emergency is probably temporary. The bailout looks like forever.

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Bad sign. Who’s going to run the country appears up for grabs.

Boris Johnson Received Oxygen Treatment After Being Admitted To Hospital (BI)

UK Prime Minister Boris Johnson will remain in hospital on Monday after being admitted for “persistent symptoms of coronavirus,” ten days after first testing positive for it. The prime minister was admitted to St Thomas’ Hospital in Westminster at 8pm on Sunday on the advice of his doctor after continuing to exhibit a high temperature. A spokesperson insisted on Sunday that Johnson’s hospital admission was not an “emergency” measure but had merely been for precautionary reasons in order to carry out tests. However the Times of London newspaper reported that the prime minister was treated with oxygen on arrival. Downing Street has repeatedly insisted that Johnson was only experiencing “mild symptoms” of the virus.


However, aides have reportedly become “increasingly worried” about the prime minister’s health in recent days, according to multiple reports, with Johnson heard “coughing and spluttering” his way through conference calls. Johnson was “more seriously ill than either he or his officials were prepared to admit,” according to the Guardian, which reported a source suggesting that Johnson “was being seen by doctors who were concerned about his breathing.” The Sun newspaper reported a Downing Street source suggesting that Johnson would remain in hospital “as long as necessary.” Asked about the prime minister’s condition on Monday the Housing Secretary Robert Jenrick told the BBC that Johnson was “still very much in charge of the government.”

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He’s down to 99.9% now. One person died who wouldn’t stick to the regimen.

Dr.Zelenko Has Now Treated 699 Coronavirus Patients With 100% Success (TSU)

Last Wednesday, we published the success story from Dr. Vladimir Zelenko, a board-certified family practitioner in New York, after he successfully treated 350 coronavirus patients with 100 percent success using a cocktail of drugs: hydroxychloroquine, in combination with azithromycin (Z-Pak), an antibiotic to treat secondary infections, and zinc sulfate. Dr. Zelenko said he saw the symptom of shortness of breath resolved within four to six hours after treatment. Hydroxychloroquine is now being used worldwide, according to a map from French Dr. Didier Raoult. In the meantime, scientists at University of Pittsburgh School of Medicine believe they’ve found potential vaccine for coronavirus.

Now, Dr. Zelenko provides updates on the treatment after he successfully treated 699 COVID-19 patients in New York. In an exclusive interview with former New York Mayor, Rudy Giuliani, Dr. Vladmir Zelenko shares the results of his latest study, which showed that out of his 699 patients treated, zero patients died, zero patients intubated, and four hospitalizations. Dr. Zelenko said the whole treatment costs only $20 over a period of 5 days with 100% success. He defines success as “Not to die.” Dr. Zelenko first posted his Facebook video message last week calling on President Trump to “advise the country that they should be taking this medication.”

There are many other success stories about hydroxychloroquine across the country. Last week, Dr. William Grace, an oncologist at Lenox Hill Hospital in New York City, said they’ve not had a single death in their hospital because of hydroxychloroquine. “Thanks to hydroxychloroquine, we have not had a death in our hospital,’ Dr. Grace said.


Also, in a study conducted by the National Institute of Health (NIH) also confirmed some of Dr. Dr. Zelenko’s findings. The study by NIH showed that Zinc supplementation decreases the morbidity of lower respiratory tract infection in pediatric patients in the developing world. A second study also conducted by NIH titled: “In Vitro Antiviral Activity and Projection of Optimized Dosing Design of Hydroxychloroquine for the Treatment of Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2),” also showed hydroxychloroquine to be more potent in killing the virus off in vitro (in the test tube and not in the body).

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One for our medical commenters. A Chinese study that suggests the virus in first instance attacks blood cells, not lungs. This could also explain why chloroquine is effective. By the way, word has it that doctors are taking hydroxychloroquine on a regular basis to protect themselves. Note: It is no use when taken either too early or too late.

@yishan on Twitter: “Virus is disrupting the hemoglobin’s oxygen capacity. It is attacking our BLOOD first, not the lungs. It is NOT a respiratory ailment (primarily), lung breakdown symptoms are a consequence of the attack on blood hemoglobins. Hypoxia is happening BEFORE lungs are affected.”

COVID-19 Attacks The 1-Beta Chain of Hemoglobin (Chemrxiv)

The novel coronavirus pneumonia (COVID-19) is an infectious acute respiratory infection caused by the novel coronavirus. The virus is a positive-strand RNA virus with high homology to bat coronavirus. In this study, conserved domain analysis, homology modeling, and molecular docking were used to compare the biological roles of certain proteins of the novel coronavirus. The results showed the ORF8 and surface glycoprotein could bind to the porphyrin, respectively. At the same time, orf1ab, ORF10, and ORF3a proteins could coordinate attack the heme on the 1-beta chain of hemoglobin to dissociate the iron to form the porphyrin. The attack will cause less and less hemoglobin that can carry oxygen and carbon dioxide.


The lung cells have extremely intense poisoning and inflammatory due to the inability to exchange carbon dioxide and oxygen frequently, which eventually results in ground-glass-like lung images. The mechanism also interfered with the normal heme anabolic pathway of the human body, is expected to result in human disease. According to the validation analysis of these finds, chloroquine could prevent orf1ab, ORF3a, and ORF10 to attack the heme to form the porphyrin, and inhibit the binding of ORF8 and surface glycoproteins to porphyrins to a certain extent, effectively relieve the symptoms of respiratory distress. Favipiravir could inhibit the envelope protein and ORF7a protein bind to porphyrin, prevent the virus from entering host cells, and catching free porphyrins. Because the novel coronavirus is dependent on porphyrins, it may originate from an ancient virus.

Read more …

 

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Home Forums Debt Rattle April 6 2020

This topic contains 30 replies, has 15 voices, and was last updated by  John Day 8 months ago.

Viewing 31 posts - 1 through 31 (of 31 total)
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  • #56719

    John M. Fox WCBS studios, 49 East 52nd Street, NYC 1948   • Coronavirus Has Lit The Fuse On A Time Bomb In China’s Economy (SCMP) • Consider the
    [See the full post at: Debt Rattle April 6 2020]

    #56720

    From last night’s thread:

    I see this as another instance of people massaging the statistics, seeing what they want to see, believing what they want to believe.

    I predict a large number of people talking about “some numbers have been exaggerated”, like required beds, ventilators, while temporarily ignoring things like the numbers of cases, deaths, in China etc., that have been hidden for a long time. Maybe it all evens out in the end. But I would ask a few questions about Fauci, Birx, et al (and all their peers around the globe), and their models, upon whom politicians rely (“we follow the scientists”). Is what they do science or, as Taleb calls it, scientism?

    #56722

    Dr. D
    Participant

    “models “don’t tell you anything. You can’t really rely upon models.”

    Says the Doctor. Every day. Denninger is following FL and TN, where numbers are 2,500% off. Every number is under 1/10th of any estimate. Huh. Never let a crisis go to waste. Even if you have to create it with a pack of lies and hysterical media.

    However, you CAN kill everybody using the economy, and the now-discussed “Vaccine passports” where you have human rights based on … well who knows since their science isn’t worth a hoot.

    Ellen Andres jumped in her car and raced north on I-55 with a check for $3,469,600.”

    If only they got things done every other day of the year for the past 30 years. Maybe we would have a ruined economy, bankrupted states, and empty warehouses with many multiples of 30k killed over the years, including more in Chicago each weekend than have died there from this. Nah.

    The coronavirus emergency is probably temporary. The bailout looks like forever.”

    It won’t be forever. It won’t even be very long. It’s going to be reset.

    “Dr. Zelenko Has Now Treated 699 Coronavirus Patients with 100% Success (TSU)”

    Fauci is fighting this tooth and nail with his Gates handmaiden John Hopkins. He is determined to shut down the U.S. and be the last on earth to use HCQ even as all other nations use it and the evidence is now (in yesterday’s knockdown Cabinet fight) a foot high of science papers. #AntiScience. But naturally, as we already guessed he was #AntiLogos.

    But we knew that already that because the media likes him, he would be a brother in their weird religion. I don’t actually have to watch the facts anymore, I just watch them.

    Anyway, so why can this be turned off as soon as they’re done playing with free money and the National Guard?

    #56723

    neoh
    Participant

    The ‘stats’ are useless.
    A large number of people, especially healthy people, have already had the virus and recovered. The ‘tests’ do not identify this group (59%-80%) of the population.
    Therefore, the mortality and death rate is complete bs.
    I never thought I would see TAE and the MSM linking arms like this.

    To contribute to Dr.D’s anti logos. In Ohio, if you get layed off from your $15.00/hr job, you now qualify for ~$950.00/wk in unemployment benefits. Why work?? Meanwhile, employers are being offered a windfall to not layoff employees.
    Sumac Carol is correct. Social distancing, dystopian messaging, fear, isolation, and trusting daddy government will kill many more than the virus.

    #56724

    zerosum
    Participant

    ” …. people massaging the statistics, seeing what they want to see, believing what they want to believe.”

    Dammm!
    I was sitting on the fence. Got buried in numbers.
    Now, I’m lost.
    There are trillions of numbers changing the past and influencing the future.
    I’m going to fill up with cheap gas and prepare my garden for seeding.

    #56726

    zerosum
    Participant

    In the USA, We are good to get to 85 yrs old
    https://www.cdc.gov/nchs/products/databriefs/db355.htm
    In 2018, life expectancy at age 65 for the total population was 19.5 years, an increase of 0.1 year from 2017. For males, life expectancy at age 65 increased 0.1 year from 18.0 in 2017 to 18.1 in 2018. For females, life expectancy at age 65 increased 0.1 year from 20.6 years in 2017 to 20.7 in 2018. The difference in life expectancy at age 65 between females and males was 2.6 years, unchanged from 2017.

    #56728

    Captain Nemo
    Participant

    You might find that article informative; it was published April 4 and addresses a 50 minutes interview, Bill Gates gave an March 24 on TED Connects. There is a link within the article to the video of this interview.
    Come to your own conclusions.

    Did Bill Gates Just Reveal the Reason Behind the Lock-Downs?

    #56729

    I know, I know…. another video from that goofball OMG. But you might want to watch a little bit of this one.

    #56730

    WES
    Participant

    Modelling:

    There are various kinds of modelling.

    Some models strutting down a fashion walkway selling an image of beauty are surreal in their thinness.

    Engineering models applying known science are limited by the real world.

    But scientists modelling unknown science, now there is a model you can’t believe in!

    #56731

    WES
    Participant

    About rich Old Joe.

    This is pure elder abuse! Please stop it!

    Stick him in an old folks home so he can catch the virus!

    This is the only humane option left for the DNC’s death panel!

    #56732

    Boris in ICU is not a good thing.

    #56733

    WES
    Participant

    Poor Boris Johnson is finding acquiring herd immunity isn’t so easy!

    But on the sunny side, Bill Gates will give him a Covid Pass!

    A Life Time Warranty, however costs $9.99!

    #56734

    Dr D Rich
    Participant

    Past is prologue and tragedy begets comedy.
    You can’t make this COVID-19 crap up.
    Covidien…..a company…..makes…..wait…..ah hell just read it.

    “In May 2012, a larger medical device manufacturer, Covidien, had bought out Newport for $100m. Covidien produced its own line of more expensive ventilators, and did not deem the development of inexpensive portable ventilators (made by Newport as commissioned by GOV) to be a top priority. It soon scrapped the project without a single ventilator being added to the national stockpile. Government boxtops and executives at rival ventilator companies suspected that Covidien had acquired Newport to prevent it from building a cheaper product that would undermine Covidien’s profits from its existing ventilator business. The stalled efforts to create a new class of cheap, easy-to-use ventilators highlight the perils of outsourcing projects with critical public-health implications to private companies; their focus on maximizing profits is not always consistent with the government’s goal of preparing for a future crisis.”

    #56735

    Dr D Rich
    Participant

    Covidien, people. COVIDien now Medtronic.

    #56736

    WES
    Participant

    My Father always said, “The only honest politician, is a broke one!”

    Speaking of ALMO!

    ALMO being broke, is promising the Mexican poor an “unoxthodox” coronavirus plan to help create jobs by maintaning government austerity and not spending more money and increasing government debt levels!

    Wow! If he can stick to his guns, not increasing the current debt levels means higher growth rates in the future! What an unselfish socialist thing to do!

    Naaaaw, it won’t happen! The rich want to rob Mexicans one more time!

    #56737

    WES
    Participant

    Dr.D.Rich:

    Covidien just proves again how corrupt the CDC and FDA are!

    #56738

    WES
    Participant

    Zerosum:

    Getting the garden ready is real!

    Now regarding numbers! Numbers mean whatever you want them to mean!

    Example:. Company books. Up until about 1970 or so, my Father said the only way to tell if a company was cash flow positive, was to check and see if the company had actually contributed in full to it’s employees pension plan!

    After 1970, due to legal changes over who acutally owned company pension plans, companies all got out of the pension plan business in a hurry! (I remember my Father telling me in real time!)

    From that point onwards to this very day, there remains no sure way to determine if a company is actually cash flow positive!

    This proves that numbers are whatever you believe they mean!

    #56739

    chettt
    Participant

    Facts are simple and facts are straight
    Facts are lazy and facts are late
    Facts all come with points of view
    Facts don’t do what I want them to
    Facts just twist the truth around
    Facts are living turned inside out
    Facts are getting the best of them
    Facts are nothing on the face of things
    Facts don’t stain the furniture
    Facts go out and slam the door
    Facts are written all over your face
    Facts continue to change their shape
    I’m still waiting…I’m still waiting…I’m still waiting…

    Talking Heads – Crosseyed and Painless

    #56740

    Dr D Rich
    Participant

    Home Depot and BJ’s Wholesale stores in the town of Chicopee, Massachusetts, worked with the city health department to “reduce unnecessary roaming around aisles and putting others at risk

    No loitering, no roaming.

    Just mill about smartly.

    #56741

    upstateNYer
    Participant

    You know, guys, not for nothing … but this is Raul’s blog. I find it helpful and (as I’ve mentioned), it’s the first place I visit with my morning coffee. Instead of ragging on about what you believe in the coronavirus “spamdemic” in Raul’s comment section (and thereby dissing him – how very considerate of you, that) how about ya’ll start you OWN blog, put in the work yourselves, so you can espouse your views to your hearts content?

    For example, neoh: “I never thought I would see TAE and the MSM linking arms like this.”

    Really? Wow. As my grandmother always said, if you can’t say something nice, don’t say anything at all. wtf

    #56742

    WES
    Participant

    UpstateNYer:

    Did you know rising Lake Ontario is threatening to flood our shorelines again?

    You are likely south of Lake Ontario or St. Lawrence River while I am north of you!

    Own a boat?

    #56743

    WES
    Participant

    Dr.D.Rich:

    I think the simplified translated version is;

    they placed “One Way” signs on the entrances and “Do Not Enter” signs at the exit of each aisle!

    So now you can’t get burned in a 2 way aisle! (apologizes to Gordon Lightfoot).

    #56744

    Boogaloo
    Participant

    neoh, what is the source of your claim that 59-80% of the population has already had the virus and recovered? Where did you read that? Who made that claim?

    Testing in Germany is showing that more than 90% of sick people are testing negative. So if more than 90% of people with symptoms do not have it, I cannot understand how anyone can claim that 80% of healthy people have already been exposed.

    The virus has virtually been stopped in Korea, with just a few new cases every day either imported or traced to other known cases. But if it was true that the virus was already widespread, that 59-80% of people have already had it and recovered, then it would be impossible to trace the new cases.

    So I am really curious to know the source of your claim.

    #56745

    Boogaloo
    Participant

    Hour long discussion from the physician at Cornell hospital in NYC who is deciding who gets sent home and who gets put on the ventilators. He is optimistic that they have figured out how this is transmitted. He is confident that he will not get sick. An optimistic take worth your time:

    https://vimeo.com/399733860

    #56747

    boscohorowitz
    Participant

    “Boris in ICU is not a good thing.”

    Aye.

    #56748

    oxymoron
    Participant

    UpstateNYer, I think you are coming from the right place to have Raul’s back, but disagreement here on this comments page has always seemed really healthy to me. Raul hates nothing more than an echo chamber so unless someone is persistently giving him a hard time it is great for me personally to read alt angles on this. I have come to find it extremely helpful in working out my position on things like numbers and responses. But yeah it is his blog and we should always remember to be respectful.

    #56757

    Dr. D
    Participant
    #56758

    Dr. D
    Participant

    Yes, thankfully, we so far are not into groupthink. However, it is Raul’s house. To not allow discussions to degenerate is the main thing, what other sites cannot do.

    #56771

    neoh
    Participant

    “For example, neoh: “I never thought I would see TAE and the MSM linking arms like this.”

    Really? Wow. As my grandmother always said, if you can’t say something nice, don’t say anything at all. wtf”

    My apology upstate. Don’t mean to offend. But I do find it odd that this thread, which I have read daily since 2009 seems to be following the party line about this event. Not something I’m used to seeing here. Your complaint is noted. I’ll be nicer. FWIW, Raul is tough enough to defend himself.

    “neoh, what is the source of your claim that 59-80% of the population has already had the virus and recovered? Where did you read that? Who made that claim?”
    Boog, I was not coherent. meant to say 50-80% of young people show little to no symptoms. Will show links if you wish for future comments.

    #56793

    I prefer SARS-CoV-2. It summons up better stuff on the googol [com]plex.

    Boris looks anemic. Trump could be jaundiced, or he could be taking extra iron. /s

    Wild speculation: China- ancient soul that it is- may have a better handle on mass psychology than the West. They may have declared an epidemic, knowing the West would go nuts when it reached them. That’s spy vs spy vs spy…
    I loved Mad Magazine in the sixties.

    When the elephants rumble, the ants tremble.

    The elephants may be partying, but the ants worry just the same.

    #56827

    John Day
    Participant

    Sorry for late entry. The SARS-CoV-2 attack on hemoglobin in the blood, as the cause for low oxygen saturation, before lungs get pneumonia is fascinating.
    I have to wonder if chloroquine/zinc acts rapidly in the red blood cells.

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