May 122020
 
Debt Rattle May 12 2020

Edward Hopper Night in the park 1921   • Letter from Hong Kong to Covid Ravaged UK: What On Earth Are You Doing? (HKFP) • 14 Million Wuhan Residents To Be Tested For COVID19 In 10 Days (SCMP) • As US Meat Workers Fall Sick And Supplies Dwindle, Exports To China Soar (R.) • Mexican Border Town Uses ‘Sanitizing Tunnels’ To Disinfect US Visitors (G.) • Tesla’s Musk Says Ready For Arrest As He Reopens California Plant (R.) • The

Read More...
May 112020
 
Debt Rattle May 11 2020

Andre Derain Boats at Collioure 1905   • Wuhan Reports 5 New Coronavirus Cases, Its Highest Surge In 2 Months (RT) • New Zealand To Reopen Malls, Cafes From Thursday As Virus Curbs Eased (R.) • How New Zealand Put Coronavirus On The Brink Of Elimination (Wired) • Men Have High Levels Of ACE2 Enzyme Key To COVID-19 Infection (R.) • Inside House Democrats’ $1.2 Trillion+ Coronavirus Relief Proposal (Axios) • 43 Million Americans Could Lose Health Insurance Amid Pandemic

Read More...
May 102020
 
Debt Rattle May 10 2020

Andre Derain The port of Collioure 1905   • Closing Borders Is The Most Effective Way Of Combatting Coronavirus (SN) • Accepting Death Is Not an Option (Kahn) • Early Herd Immunity: A Dangerous Misconception (Johns Hopkins) • US COVID19 Test Results: Third Consecutive Day Over 300K (CR) • Over 1 Out of Every 1000 People in NY and NJ Die From COVID19 (Mish) • Trump Says ‘No Rush’ On More Aid As Jobless Crisis Grows (AP) • South Korea

Read More...
May 092020
 
Debt Rattle May 9 2020

Tomb of the diver, Paestum c480 BCE   • Ugly US Jobs Data Hides As Much As It Reveals (R.) • How Australia Got On Top Of COVID19 (SMH) • South Korea’s COVID19 Exceptionalism (Atl.) • South Korea Backtracks On Reopening After COVID19 Cases Jump (NW) • Enough With the Phoney ‘Lockdown’ Debate (Kay) • UK To Place All Incoming Travellers Under 14-Day Quarantine (R.) • COVID19 Death Rate Sinking? Data Reveals A Complex Reality (DW) • Want To Be

Read More...
May 082020
 
Debt Rattle May 8 2020

NPC Shad fishing on the Potomac 1920   • US Death Toll Would Have Been Halved Had It Acted 4 Days Sooner (SCMP) • US Doctors Want Details On Federal Distribution Of Remdesivir (R.) • China Backs WHO Investigating COVID19 Origin (SCMP) • Blood Thinners May Help Sickest COVID19 Patients Survive • COVID19 Wreaks Economic Havoc Across Europe (ZH) • Japan On Course For Deep Recession As Spending, Services Plunge (R.) • Black Britons Face ‘Twice The Risk’ Of Death

Read More...
May 072020
 
Debt Rattle May 7 2020

Banksy – Sounthampton General Hospital – 2020     • Coronavirus May Have Jumped To Humans As Early As October (SCMP) • Italian Scientists Claim To Have Developed World’s First Coronavirus Vaccine (Ind.) • Trump Calls Americans ‘Warriors’ In Fight To Open The Economy (LAT) • Are Americans Ready For A -Costly- Breakup With China? (CSM) • Coronavirus Survivors ‘Permanently Disqualified’ From Joining US Military (NW) • California Expected To Experience ‘Jaw-Dropping’ Unemployment – Newsom (JTN) • UK GPs In

Read More...
May 062020
 
Weaponizing the Dollar

Saul Leiter Phone call c1957   Don’t worry, we’re still talking virus, just from a slightly different angle. I was going to do something completely different, but then I saw an article at the South China Morning Post (SCMP) today that made me think “I don’t think that’s true”, realizing that at the same time many people would think it is. Foreign holdings of US Treasuries are a misty environment for perhaps not just many, but most people. What triggered

Read More...
May 062020
 
Debt Rattle May 6 2020

Harris&Ewing Less taxes, more jobs, US Chamber of Commerce campaign 1939   • Now-Dominant Strain Of Coronavirus Could Be More Contagious Than Original (LAT) • New Mutation Indicates That Coronavirus Might Be Weakening (NYP) • Coronavirus Started Infecting People Globally Late Last Year (Hill) • UK COVID-19 Death Toll Rises Above 32,000, Highest In Europe (R.) • Pseudo-Science Behind The Assault On Hydroxychloroquine (ZH) • Goat and Pawpaw ‘Test Positive’ For COVID19 In Tanzania (AlJ) • Pennsylvania Woman Jailed For

Read More...
May 052020
 
Debt Rattle May 5 2020

G.G. Bain ‘Casino Theater playing musical ‘The Little Whopper’, NY 1920   • 30,000 New Cases, 3,000 New Deaths Daily Expected in US (CNN) • New Projection Puts US COVID19 Deaths At Nearly 135,000 By August (R.) • New Zealand PM: No Open Borders For ‘A Long Time’ (BBC) • Just 273 Of 18.1 Million People Arriving In UK Prior To Lockdown Quarantined (G.) • France’s First Known COVID19 Case ‘Was In December’ (BBC) • US Treasury Seeks To Borrow

Read More...
May 042020
 
Why Lockdowns Work

Steve Schapiro Muhammad Ali (Cassius Clay) with mini gloves, Louisville, KY 1963     There was another comment at the Automatic Earth yesterday questioning the function and wisdom of various lockdowns. I thought I’d explain this in more detail.   Ilargi if you or anyone else could explain what the exit strategy is from a lockdown I’d be interested in hearing it. As it is, this lockdown I repeat is no different than financial QE – everyone comes out weaker

Read More...