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Author: Subject: MEXICO BORDER CLOSED NON-ESSENTIAL TRAVEL -- CLAMPDOWNS EVERYWHERE — DEPRESSION COMING!!!!!
mtgoat666
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[*] posted on 3-20-2020 at 07:47 PM


Any reports today from the border crossings? Is it pandemonium/chaos? People fleeing like the fall of Saigon?

[Edited on 3-21-2020 by mtgoat666]




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bajaric
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[*] posted on 3-21-2020 at 09:51 AM


Quote: Originally posted by mtgoat666  
Quote: Originally posted by bajaric  
Quote: Originally posted by wilderone  
1. Governor Newsome is an idiot. Says over 50% of Californians will get COVID - with no basis whatsoever. Very irresponsible. No thought given to an order to stay home - no fallout plan, no support. He's panicking and that is not sound leadership.


I totally agree. Newsome epitomizes the smug, power hungry we know what is best for you, big government control approach. So now tens of millions of people are not supposed to go in to work, the overwhelming majority of whom would recover from the infection if they even catch it. 19 deaths and counting, panic! When everyone is on the dole he can raise taxes and build a bigger government empire.


comparison of seasonal flu and covid-19 -- read it and chit your pants!

https://www.vox.com/science-and-health/2020/3/18/21184992/co...



[Edited on 3-20-2020 by mtgoat666]


Goat, I agree it is a frightening situation. Perhaps Newsome will be praised some day for taking action. On the other hand, putting 20 million people out of work will have bring its own obvious set of severe negative consequences. That is assuming that people will voluntarily follow the order, which appears unlikely. People here are not accustomed to being told what to do. Freedom, at times, has its drawbacks.

Contrast that to authoritarian China, where they seem to have nipped this thing in the bud. No new cases other than what has been imported from outside. One thing I have noticed is that in China everyone is wearing a mask. The US government should send out those thousand dollar checks along with a case of disposable gloves and surgical masks to every single person in the country. Instead, the media reports fake news that masks are not effective, and makes people feel guilty about wearing one because the health care workers are running out of supplies. So in the richest and most powerful country in the world we can not even take basic measures to protect health, because most of the manufacturers of disposable gloves and masks are in China!

Have not heard much about border crossing situation.
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MrBillM
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[*] posted on 3-21-2020 at 10:13 AM
Fake News AGAIN ?


" Instead, the media reports fake news that masks are not effective, and makes people feel guilty about wearing one because the health care workers are running out of supplies ...... "

REALLY ?

Maybe it's a lack of comprehension.

Reading, watching and listening to the various news outlets, those paying attention (and comprehending) should have NO confusion over the status/effectiveness of the various types of masks and the conditions under which they should be utilized.

Pay better attention ?
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bajaric
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[*] posted on 3-21-2020 at 10:50 AM




I'm quite familiar with protocols for masks and respirators, and it is true that a cheap surgical mask is not meant as fail safe protection, but if someone with a fever and body aches sneezed in your face, you would be glad to be wearing a mask, I think. Or are do the billions of Chinese people who are wearing them and just defeated the virus have it all wrong. Masks for the people!

edit: OK so maybe "fake news" is the wrong term. I should have said "pedantic".
Today, the nation must not be pedantic. Today the nation must be pragmatic!



[Edited on 3-21-2020 by bajaric]
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MrBillM
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[*] posted on 3-21-2020 at 01:49 PM
Masked Men ............


............ And Women are worrisome. It's difficult to not think "Are THEY sick ?"

Earlier at Stater Bros. we noticed only ONE couple decked out in gear. WE (along with others) made a point of staying WELL away. Which made me think that (maybe) it might be a ploy to get shoppers out of their path.

At least, IF you can see a person's ENTIRE face, you can make a better assessment of their physical state.

BUT, we have no worries now.

Thanks to AMLO coverage in the L.A. Times ayer, we discovered that a "Two-Dollar Bill" will ward off the evil.

Over the years, mi esposa has collected quite a few so we're good to go.

BTW, assessing shortages Hoy, it was interesting to see the continued run on Frozen Foods. I remarked to mi esposa that others must have far greater frozen storage capacity than ours.

There was still plenty of Ice Cream, though.

Thankfully !
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[*] posted on 3-21-2020 at 02:05 PM
The two dollar bill!


Coincidentally, I just happened to have a two dollar bill with me when I was paying my dentist a couple of weeks ago. Her assistant saw it and told me it was "good luck", so I gave it to her.

I never heard that before, and I am surprised to hear it again! Any link to Amlo's comment?




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[*] posted on 3-21-2020 at 02:32 PM


Just FYI: Someone on the San Felipe Facebook page reported they (Americans) crossed into Mexico at Mexicali this morning at 8 am. There were no issues, no changes from before, and they breezed right in.



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Bajazly
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[*] posted on 3-21-2020 at 02:36 PM


Quote: Originally posted by David K  
Just FYI: Someone on the San Felipe Facebook page reported they (Americans) crossed into Mexico at Mexicali this morning at 8 am. There were no issues, no changes from before, and they breezed right in.


Did they come to SF? My novia told me yesterday a couple guys from her work, in Mexicali, decided to come down to SF and were turned back north at the military check point. sounded like this was a day or two ago but not sure.




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[*] posted on 3-21-2020 at 03:49 PM
Que Sera Sera .......... Soon ?


FINALLY !

Watching too much of this Doomsday Drama on Cable News, a guest commentator ventured what should have been (and likely was) apparent early on in this Great Shutdown. Something that I said days ago.

This simply isn't sustainable.

We have NO hope that such an economic intermission can be carried out long enough. Especially, with the government spending of magic money exceeding the (grossly diminishing) GNP.

At some point, the economy has to be restarted and allow nature to sort things out. Should we eventually lose 20-25 percent (or more) of the population, well ........... That's Life !

Bad news for us Geezers, but we've had a good run. I've been expecting to wake up dead for years. Crappy way to go, though. Hopefully, the Ticker will run down and stop early on. Preferably at the far end of a given quarter so that I can avoid the next (increasingly costly) Term Life payment.

BTW, although I read the AMLO Lucky Bucks business in the (L.A. Times) newspaper, a search shows numerous links, including Bloomberg.

[Edited on 3-21-2020 by MrBillM]
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[*] posted on 3-21-2020 at 04:17 PM


Links Mr Bill. I couldn´t find anything:(
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[*] posted on 3-21-2020 at 06:34 PM
Lucky Charms Links


L.A. Times, Friday, March 20, 2020, A-4, Paragraph 4:

Mexican President Downplays Health Risks

Drastic measures against virus ? No. Lucky Charms ? Yes.

" ......... And on Wednesday, before appearing at another large event, he showcased a collection of good-luck charms that he carries with him, including Catholic scapulars and a U.S. $2 bill ......... "

It may be searchable on latimes.com, but you have to subscribe (and pay ?)

The Bloomberg link requires subscribing.

https://themazatlanpost.com/2020/03/19/amlo-and-his-follower...

It's a strange new day. EACH day.

Hey, BTW, speaking of Catholics .......... Earlier I was working the Riverside
Press-Enterprise
crossword puzzle and was stumped by a word which I finally solved
only through solving the associated words.

At no point in my brief and aborted early childhood association with Catholic School
or later in life did I ever encounter the word ABBESS for "Convent Superior".

Learn something new every day. Even at my age.


[Edited on 3-22-2020 by MrBillM]
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mtgoat666
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exclamation.gif posted on 3-23-2020 at 03:19 PM
DEPRESSION


this is the alarming news today: economic depression!

Over the next year, the United States will almost certainly go through a depression. Economists at Goldman Sachs currently expect the U.S. economy to shrink by an unprecedented 24% next quarter. They’re optimists compared to Morgan Stanley, which expects a 30% drop, and Federal Reserve Bank of St. Louis President James Bullard, who predicted a 50% decline.

the shortages at the supermarket will continue and get worse.
Our inventory has always been low, and productivity of all producers is down, doubts that production will ramp back up for several months.
life for the next year will be like living in 1970s soviet union, lines at stores, rationing, bare shelves,... but hopeully no authoritarianism or state-run propaganda (vote for joe!)

[Edited on 3-23-2020 by mtgoat666]




Woke!

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[*] posted on 3-23-2020 at 04:00 PM
Where's it All Gonna Go ?


Nobody Knows !

Having tired of the usual virus coverage and switched to the financial channels for a few hours, it was akin to a viewing a verbal cat fight.

While universally filled with (appropriate) negativity, there was enough variance in forecasting viewpoints to accommodate any lesser or greater pessimistic conclusion.

Today's briefing from the Big Orange made it clear that (sooner than we thought) the business machine is going to restart. DT is impatient and "has a good feeling" that things will be OK.

Which was inevitable.

Interestingly (but not surprisingly), (with Fouci gone again to the woodshed ?), today Dr. Debbie was asked whether she shared D.T's "good feeling" about a resumption and she offered a LONG answer which didn't address any agreement or difference.

One does NOT disagree with the Big Orange !

And last long.





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[*] posted on 3-23-2020 at 04:25 PM


Quote: Originally posted by John Harper  
Feinstein's and Johnson's assets are in blind trusts, they have no control over trading those assets. Feinstein sold at a loss, and Johnson was continuing to sell interest in a family plastics company. Burr is the really odious character in this travesty.


When asked about the most “fortuitous sale” immediately after the briefing, Senator Feinstein answered that “her husband did it”! Buy swampland in Florida anyone?
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[*] posted on 3-23-2020 at 05:07 PM


I just heard a press conference ... but I think I was on acid.
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thebajarunner
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[*] posted on 3-23-2020 at 05:15 PM
Try reading the quote before jumping to conclusions


Quote: Originally posted by mtgoat666  
this is the alarming news today: economic depression!

Over the next year, the United States will almost certainly go through a depression. Economists at Goldman Sachs currently expect the U.S. economy to shrink by an unprecedented 24% next quarter. They’re optimists compared to Morgan Stanley, which expects a 30% drop, and Federal Reserve Bank of St. Louis President James Bullard, who predicted a 50% decline.

the shortages at the supermarket will continue and get worse.
Our inventory has always been low, and productivity of all producers is down, doubts that production will ramp back up for several months.
life for the next year will be like living in 1970s soviet union, lines at stores, rationing, bare shelves,... but hopeully no authoritarianism or state-run propaganda (vote for joe!)

[Edited on 3-23-2020 by mtgoat666]


The decline projected is for the second quarter.
Annual decline projected by most, including those you quote, about 1%
Hardly qualifies as depression
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[*] posted on 3-23-2020 at 06:42 PM


Let's look at the quote you two are using as evidence, from Bloomberg News:

"At Goldman Sachs, Jan Hatzius’s team said in a report that they now expect the world economy to contract about 1% this year, which would be a bigger decline than even that witnessed in 2009 amid the financial crisis. They were already projecting a 24% annualized drop in U.S. output in the next quarter."

WORLD, not US, GDP down 1% in 2020. Perhaps not a depression, but possibly deeper than the recent deep recession of 2009. Not good for sure.

US GDP, with a 6% (24% annualized) drop in one quarter, is highly unlikely to lead to an annual US decline of only 1% in 2020. The GDP growth itself in the other 3 quarters would have to be huge to get back to only a 1% annual decline. In 2009, GDP declined 4.3% total. That seems more likely than not given the forecast of world decline.

John

[Edited on 3-24-2020 by John Harper]
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[*] posted on 3-23-2020 at 07:05 PM


Whats up with goat? Its like he wants the doom and gloom?
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mtgoat666
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[*] posted on 3-25-2020 at 08:31 PM


The GOP is testing the waters, floating the concept of health care rationing, death panels, etc.:

“ Fox News’ Brit Hume defended comments from Texas lieutenant governor Dan Patrick Tuesday night, saying it is “entirely reasonable” that elderly Americans could be fine with dying amid the coronavirus outbreak to save the U.S. economy.

“The utter collapse of the country’s economy — which many think will happen if this goes on much longer — is an intolerable result,” the 76-year-old told primetime host Tucker Carlson. “[Patrick] is saying, for his own part, that he would be willing to take a risk of getting the disease if that’s what it took to allow the economy to move forward. He said that because he is late in life, that he would be perhaps more willing than he might have been at a younger age, which seems to me to be an entirely reasonable viewpoint.”

Patrick sent shockwaves through viewers Monday night when the 63-year-old said on Carlson’s program, “No one reached out to me and said, ‘As a senior citizen, are you willing to take a chance on your survival in exchange for keeping the America that all America loves for your children and grandchildren?’ And if that’s the exchange, I’m all in.””




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mtgoat666
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[*] posted on 3-25-2020 at 08:33 PM


Will you take a bullet to preserve shareholder value for Walton family?



Woke!

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