John French Sloan East Entrance, City Hall, Philadelphia 1901
The best vaccine in the market RIGHT NOW is the Delta. Mild side effects and natural immunity, with 200 thousand years of satisfied customers.
Mike “Mish” Shedlock @MishGEA: “It seems like fearmongers have forgotten (or simply don’t care) that daily deaths in the USA have gone from 4,464 on January 12 to 92 today. The continuing message is to spread fear.”
Morgan Stanley estimates a $100 billion profit for Pfizer over the next five years from the Covid vaccine.
Takeaway: whatever it was, it sure wasn’t bats.
A team of Australian researchers have published a scientific paper proving that the SARS-CoV-2 coronavirus appears to be best adapted to attack human cells, raising even more questions about the pandemic’s origins. The scientists from Flinders University and La Trobe used powerful computers to model the protein receptors in a number of animal species to see how the coronavirus’s spike protein attached itself to them. The theory was that if the coronavirus attached itself readily to an animal like a bat or a pangolin, it would have likely been the species that the bug used to make its leap into the human population. However, the modelling found that the coronavirus’s spike protein was best suited to attacking protein receptors in humans.
“The computer modelling found the virus’s ability to bind to the bat ACE2 protein was poor relative to its ability to bind human cells,” said Flinders University epidemiologist and vaccine researcher Professor Nikolai Petrovsky. “This argues against the virus being transmitted directly from bats to humans. “Hence, if the virus has a natural source, it could only have come to humans via an intermediary species which has yet to be found,” he said. While the researchers also found that the coronavirus could attach relatively easily to pangolins, as well as domestic animals like cats and dogs, the findings will add weight to the increasingly repeated charge that the coronavirus escaped the controversial Wuhan Institute of Virology in an accident involving “gain of function” research. “Overall, putting aside the intriguing pangolin ACE2 results, our study showed that the COVID-19 virus was very well adapted to infect humans,” Prof Petrovsky said.
“..a 580% increase in cancellations globally in the past 2 days.”
According to a 2014 study published in the Journal of Thrombosis and Haemostasis, pilots suffer an increased risk of clotting issues due to frequent and prolonged air travel. Pilots are encouraged to be aware of the signs of deep venous thrombosis and clotting issues and take preventative measures such as compression stockings and stretching of their legs during long flights. Medical News Today published a study on June 15th, 2021 that showed an increased risk of blood clotting and low platelets in AstraZeneca COVID-19 vaccine recipients. Some scientists hypothesize that since the ethylenediaminetetraacetic acid (EDTA) in the shot causes a full body reaction, once the vaccine comes into contact with platelets inside the human body, the vaccine activates those platelets, causing them to change shape and transmit chemical signals to the immune system. Those platelets send out platelet factor 4 (PF4), which regulates blood clotting.
However, in some people, after some undetermined amount of time, at random, PF4 latches onto the vaccine, and large “complexes” form. Since those complexes are “unknown,” the human body interprets those clusters as threats. Thus, immune cells in the body mistakenly attack PF4’s, prohibiting them from preventing the problematic clots seen in some COVID-19 vaccine recipients. Pilots have an increased risk of blood clots. COVID-19 vaccine recipients have an increased risk of blood clots. Reuter’s and Fact Checkers cannot hide the fact that an increased risk on top of an increased risk is potentially a disaster, but neither has any regard for human life or the truth, as evidenced by the propaganda they’re currently creating by the minute.
Delta Airlines now requires the COVID-19 vaccine for all new employees, potentially putting Delta employees at risk of blood clots and death. American Airlines doesn’t require the vaccine but gives its employees one day off of work and $50 for getting the vaccine. No mention of the inherent risk for non air employees, let alone those who spend ample time in the clouds, is ever made by Delta or American. [..] ccording to flightaware.com, 120,000 cancellations per year is the average for global flights. An average day would see 329 cancellations. A 2 day average would see 658 cancellations. But between Friday and Saturday, 3,533 cancellations occurred. That’s a 580% increase in cancellations globally in the past 2 days.
Only 1% of adverse reactions are reported to VAERS.
Doctor of Neurology – scary if true… pic.twitter.com/eJuLmQb5gi
— Husserl (@husserl79) June 28, 2021
Pretzel logic. Cute try.
A MailOnline headline on 13 June read: “Study shows 29% of the 42 people who have died after catching the new strain had BOTH vaccinations.” In Public Health England’s technical briefing on 25 June, that figure had risen to 43% (50 of 117), with the majority (60%) having received at least one dose. It could sound worrying that the majority of people dying in England with the now-dominant Delta (B.1.617.2) variant have been vaccinated. Does this mean the vaccines are ineffective? Far from it, it’s what we would expect from an effective but imperfect vaccine, a risk profile that varies hugely by age and the way the vaccines have been rolled out.
Consider the hypothetical world where absolutely everyone had received a less than perfect vaccine. Although the death rate would be low, everyone who died would have been fully vaccinated. The vaccines are not perfect. PHE estimates two-dose effectiveness against hospital admission with the Delta infections at around 94%. We can perhaps assume there is at least 95% protection against Covid-19 death, which means the lethal risk is reduced to less than a twentieth of its usual value.
But the risk of dying from Covid-19 is extraordinarily dependent on age: it halves for each six to seven year age gap. This means that someone aged 80 who is fully vaccinated essentially takes on the risk of an unvaccinated person of around 50 – much lower, but still not nothing, and so we can expect some deaths. The PHE report also reveals that nearly a third of deaths from the Delta variant are of unvaccinated people over 50, which may be surprising given high vaccine coverage; for example, OpenSAFELY estimates more than 93% among the 65-69s. But there are lower rates in deprived areas and for some ethnicities and communities with limited coverage will continue to experience more than their fair share of loss.
The Autralian hearing is interesting.
The U.S. Food and Drug Administration (FDA) added a warning about the risk of developing heart inflammation to information about the Moderna and Pfizer COVID-19 vaccines. The FDA announced earlier this month that it would add the warning after the Centers for Disease Control and Prevention (CDC) had reported that more cases of heart inflammation—either myocarditis or pericarditis—were found in young adults and children after they received the vaccines, which use mRNA technology. On June 25, the agency said that it would add revisions to its patient and provider fact sheets about the “increased risks of myocarditis (inflammation of the heart muscle) and pericarditis (inflammation of the tissue surrounding the heart) following vaccination” using the Pfizer or Moderna COVID-19 shots.
The Pfizer or Moderna vaccines use mRNA technology and require two doses, whereas the vaccine made by Johnson & Johnson uses an adenovirus and requires a single dose. Still, health officials have said that the risks of developing heart inflammation are outweighed by the vaccine’s benefits. “The risk of myocarditis and pericarditis appears to be very low given the number of vaccine doses that have been administered,” Janet Woodcock, the acting FDA commissioner, said in a statement last week. “The benefits of COVID-19 vaccination continue to outweigh the risks, given the risk of COVID-19 diseases and related, potentially severe, complications.”
The warning issued by the FDA says that there may be increased risks “particularly following the second dose and with [the] onset of symptoms within a few days after vaccination.” “Additionally, the Fact Sheets for Recipients and Caregivers for these vaccines note that vaccine recipients should seek medical attention right away if they have chest pain, shortness of breath, or feelings of having a fast-beating, fluttering, or pounding heart after vaccination,” the agency said. “The FDA and CDC are monitoring the reports, collecting more information, and will follow-up to assess longer-term outcomes over several months.”
Australia vaccines hearing
“New Covid-19 infections have increased by more than 50 percent over the last two weeks in under-vaccinated states ..”
“Many of the cases are tied to the Delta variant, which the CDC says now accounts for one-fifth of new infections..”
Delta=20%, new infections=50%. What?
Top Biden administration health officials trying to slow the spread of the Covid-19 Delta variant have largely given up on the possibility of reinstating mask and social-distancing rules in favor of a grassroots vaccine education campaign. The Centers for Disease Control and Prevention, the Department of Health and Human Services and the White House Covid-19 Task Force have discussed whether to press mayors and governors in the Midwest and South, where the highly transmissible Delta variant is spreading quickly, to once again require mask mandates, according to three senior Biden health officials. But the administration ultimately concluded that many people who are not vaccinated are also those who have resisted wearing masks.
Instead, the federal government will try to convince hesitant Americans to get vaccinated by working with state officials and trusted community members to communicate the benefits of the shots, the three senior officials said. The president’s team is not confident that the new campaign will change hearts and minds, the two officials said, but it is falling back on old messaging in part because top administration officials are unsure what other tactics will work. Only about 46 percent of the U.S. population is vaccinated, and the number of doses administered has fallen by almost 300,000 per day since June 7, according to the Centers for Disease Control and Prevention.
The plateauing vaccination rate underscores the extent to which the White House is struggling to find new and better ways to convince Americans to get Covid-19 shots — while much of the rest of the world struggles to secure a steady supply of vaccines. And it raises questions about how the federal government will manage increasing Covid-19 cases associated with the Delta variant in the months ahead, with businesses and schools returning to normal operations.
“This is the door-to-door campaign, this is the church-to-church, this is going into the community and meeting people where they are. We’re not going to convince everybody,” said Scott Becker, CEO of the Association of Public Health Laboratories. “The Delta variant and its explosive growth — I wish there was a better way to articulate the damage that it is doing and will do in those communities, but it is going to be a tough slog.” New Covid-19 infections have increased by more than 50 percent over the last two weeks in under-vaccinated states such as Missouri and Oklahoma. Many of the cases are tied to the Delta variant, which the CDC says now accounts for one-fifth of new infections nationwide.
Greece appears to be like Russia, and I’m sure most of Eastern Europe, countries that have had recent periods of authoritarianism, leading to mistrust of authorities and experts.
With the first cases of the Delta coronavirus variant appearing in Greece coinciding with the easing of restrictive measures, the country’s scientific community has called on the public to take advantage of the summer lull in infection rates to “hurry up” with their vaccinations. “We must take advantage of this gap to vaccinate those who have not yet done so,” said Athanasios Exadaktylos, president of the Panhellenic Medical Association, echoing the general consensus of the scientific community. “Right now only a third of over-55s have been vaccinated. This percentage should go up sharply, as this is the age group most at risk from the new coronavirus,” he said. Bearing in mind that the summer holidays may affect the fast pace of vaccinations (100,000 vaccinations per day), Exadaktylos noted that “perhaps the system needs to be made more flexible” so not a day is lost in the process.
Only a third of over-55s have been vaccinated, and fewer among the younger. So businesses are supposed to volutarily ban over two thirds of potential customers? Yeah, sure.
Greek Prime Minister Kyriakos Mitsorakis will present on Monday the government’s proposals for the benefits that will be offered to those who complete their vaccinations against Covid-19, in a drive to encourage inoculation in the country. Among the measures being considered are allowing the owners of cinemas, theaters, concerts, festivals and sporting events to restrict entry to their premises only for those who have a vaccination certificate. Another is allowing business owners to increase the number of people allowed indoors if they only accept fully inoculated people. Any measures will exclude access to public sector services and vanues, hospitals, supermarkets, shops, banks and transport, where there will be no distinction between vaccinated and non-vaccinated people, but where the current health restrictions for indoor spaces will continue to be observed.
Smells like politics.
New York prosecutors have given lawyers for Donald Trump 24 hours to respond with any last arguments as to why criminal charges should not be filed against his family business, according to a report on Sunday. The deadline set for Monday was another strong signal that the Manhattan district attorney, Cyrus Vance, and the New York attorney general, Letitia James, are considering criminal charges against the former president’s company as an entity, according to sources quoted by the Washington Post. On Friday, it was reported that Vance could announce charges against the Trump Organization and its chief financial officer, Allen Weisselberg, within seven days. Any criminal charges would be the first in Vance’s probe into Trump and his business dealings.
Legal experts have said an indictment against the Trump Organization could bankrupt the company by undermining its relationships with banks and other business partners. Vance’s office has said it was investigating “possibly extensive and protracted criminal conduct” at the Trump Organization, including tax and insurance fraud and falsification of business records. Even if no charges were brought, Vance’s investigation could complicate any return to politics by Trump, who has lost some of his ability to communicate publicly after being permanently banned from Twitter and suspended for two years by Facebook. James’ office has been investigating whether the Trump Organization inflated the values of some properties to obtain better terms on loans, and lowered their values to obtain property tax breaks.
“If he conspired to get these classified documents with a member of the U.S. military, that’s fundamentally different than if somebody drops on your lap … to a press person, here is classified material,” Biden said in December 2010. The Obama administration never indicted Assange.”
Given the First Amendment questions being raised about the Espionage Act case against a publisher, Stundin points out that the computer charges against Assange have taken on new significance. In weighing an indictment against Assange in 2010, the Obama administration, in the person of then Vice President Joe Biden, said it sought to prove that Assange did not merely receive stolen defense information but had participated in obtaining it. “If he conspired to get these classified documents with a member of the U.S. military, that’s fundamentally different than if somebody drops on your lap … to a press person, here is classified material,” Biden said in December 2010. The Obama administration never indicted Assange.
The central allegation in the Trump administration’s computer intrusion charge is that Assange was a “hacker” and worked with his source, U.S. Army intelligence analyst Chelsea Manning, to crack a password to steal the U.S. government documents. Thordarson played a key role in supporting the Trump administration case that Assange engaged in hacking when he was interviewed in both Iceland, and then after being flown to Washington in 2019 at U.S. taxpayers’ expense. Stundin also reports that he was given an immunity deal by U.S. authorities. The DOJ statement at the release of the superseding indictment in June 2020 said:
“The new indictment does not add additional counts to the prior 18-count superseding indictment returned against Assange in May 2019. It does, however, broaden the scope of the conspiracy surrounding alleged computer intrusions with which Assange was previously charged. According to the charging document, Assange and others at WikiLeaks recruited and agreed with hackers to commit computer intrusions to benefit WikiLeaks. … In addition, the broadened hacking conspiracy continues to allege that Assange conspired with Army Intelligence Analyst Chelsea Manning to crack a password hash to a classified U.S. Department of Defense computer.”
A theme I’ve commented on 1000 times. No inflation without increasing velocity of money. Some prices may rise for different reasons, but not inflation.
Since late last summer, the main driver of rates has been an inflation narrative. The narrative is straightforward: The economy is recovering. Unemployment is declining. Employers can’t find enough workers. Wages are going up to attract help. Stimulus spending is coming by the trillions of dollars. The Fed is printing money. The economy is pushing up against capacity constraints. Add it all up, and inflation is right around the corner. Therefore, rates must go up. And when rates go up, the price of gold goes down. Markets have adopted this narrative. The yield-to-maturity on the 10-year Treasury note went from 0.508% on August 4, 2020 (about when gold peaked) to 1.745% on March 31, 2021. Gold prices went from over $2,021 per ounce to $1,686 per ounce over the same period. That’s a 16.5% drop in gold prices.
What if every part of the economic narrative is wrong? The economy was bound to recover from the pandemic recession of 2020, the worst since 1946. But, it appears the recovery is now running out of steam. For the record, the economy was weak before the pandemic hit. What if that weak growth trendline is now returning to form? The unemployment rate is declining, but real unemployment is not. We still have 7.6 million fewer jobs than before the pandemic, not counting the 10 million or more prime-age workers out of the labor force as described above. It’s true that wages are going up in some service industries such as restaurants and that workers are hard for some businesses to find. (McDonald’s is now offering $35,000 per year plus benefits and training for entry-level hires).
Still, overall wage levels are not rising significantly, and slack in the labor market is producing a powerful disinflationary overhang. Money printing is practically irrelevant because the velocity (or turnover) of money is still declining. What good is new money if the banks just give it back to the Fed as excess reserves, so the money is never spent or lent? Fiscal policy and handouts are not producing stimulus because debt levels are so high (the U.S. debt-to-GDP level is now 130%, the highest ever). Americans respond with precautionary savings and deleveraging. Data shows that 75% of the government handouts have either been saved or used to pay down debt (economically the same as saving). Only 25% have been used for consumption. That’s a pathetic amount of bang-for-the-buck.
We are seeing some supply-chain disruption and capacity constraints, especially in semiconductors, which affects automobile manufacturing. Still, manufacturers have not been able to pass through those constraints in the form of higher consumer prices. Inflation remains low once base effects from last year’s deflation are stripped out. Those base effects will disappear in the third quarter when the year-over-year comparison looks at the 2020 recovery rather than the recession. Inflation is dead in the water. I know that analysis puts me in the minority, but that’s OK; I’m used to that. I was also in the minority when I predicted Brexit and that Trump would win the 2016 election. The bottom line is, the consensus is often wrong.
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