Face it, Trumpies. Trump only cares about his POTUS position in DC, and if you die due to the Coronavirus, the DOW bombed today by 2000 points.
How much magical thinking will you endure, TRUMPIES, so as to keep DONALD J. Trump safe from criminal prosecution in a Post Trump Presidency ? Your move, and if your family members DIE due to the Cornavirus, don't refer to the deaths as COLLATERAL damage. You did it to yourselves. No one else could be this STUPID but YOU. Just do not make the rest of the human race pay for it. Thank you if you do it.
Now for today and the collapse of America and the world, so TRUMP gets a free ride at Humanity's expense.
Here is the latest:
The madman is in fine fettle this morning. Ranting and raving while civilization burns, and for all those whom do not worship TRUMP, the DOW bombed 2000 points. 2000, and no that is NOT a typo.
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‘He’s completely lost it’: Trump slammed for ranting about the Obama administration as coronavirus tanks the economy
Screengrab via Fox News.
Written by Alex Henderson March 9, 2020
The coronavirus epidemic has gone from bad to worse, with more than 3800 deaths being reported worldwide and the stock market taking a pounding as 16 million people find themselves under mandatory quarantine in Italy. Despite the frightening reports, President Donald Trump found plenty of time to attack his political enemies on Twitter on Monday morning — and critics have been lambasting him for it.
Trump tweeted, “The Obama/Biden Administration is the most corrupt Administration in the history of our Country!” — using the present tense even though President Barack Obama left office in January 2017. And in a separate tweet, Trump posted, “’Trump has outmastered the Deep State. He’s light years ahead of us.’ MSDNC. I disagree. We have a long way to go. There are still some very bad, sick people in our government – people who do not love our Country (In fact, they hate our Country!).”
Trump referenced Sen. Bernie Sanders in a tweet about the 2020 Democratic presidential primary. The president wrote, “Now the Democrats are trying to smear Bernie with Russia, Russia, Russia. They are driving him Crazy!”
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Ahem, isn't there a spot for you in Saint Elizabeth hospital for you, Trump?
Oh and by the way
https://mail.google.com/mail/u/0/?pli=1#inbox/FMfcgxwHMGKKmbMvxtVNTBDRmLfmtmXr
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EDITOR'S NOTE
There's going to be two newsletters today. I think that's okay. I think that's warranted.
The next one has my thoughts about what's underneath this insane price action. John Authers of the Financial Times put it best yesterday on Twitter: "An emergency [rate] cut is supposed to respond to an emergency, not create one."
"The five trading days since the Fed's emergency rate cut have really been something," he added. (My word: disastrous.) And that was before the 10-year Treasury yield went below 0.35% overnight! Not a typo.
How much of this latest leg down is because of the separate collapse in crude? Probably a fair bit. But it's all intertwined anyhow. Crude is down more than it otherwise would be on OPEC's supply mayhem because of economic demand concerns. And crude's collapse is taking stocks and even the 10-year down more than they otherwise would have been because of the impact crude's collapse will have on the economy.
Also not helping things: a bunch of the biggest banks and trading firms have moved employees out of Manhattan today, because of coronavirus. So liquidity and trading flows are probably a bit off of normal, which may be exacerbating the erratic price action. The S&P 500 triggered the circuit breakers that stopped all stocks from trading when it fell 7% just four minutes into the market open. When we reopened fifteen minutes later, the Dow was briefly down more than 2000 points before "recovering" to less than a 1500-point drop as I write this. If you want this in picture/video form, check out my Instagram story (@realkellyevans).
We have nonstop coverage of all of this starting at 1 p.m. today. Jeremy Siegel just said on "Squawk on the Street" that "The Fed needs another 50 basis point rate cut." The market is apparently now pricing in a full point rate cut, according to Steve Liesman -- which means we'd be all the way back at zero. Z-e-r-o.
Keep that in mind when you read the next newsletter about why this all happening, and what might stop it. This is scary stuff to me. Not credit crisis/financial collapse scary, like 2008-09. It's "ruin of capitalism" scary (and yes, I actually consider that scary). So even if plunging oil and rates is great for the U.S. consumer--and it probably will be--it's hard to give that a full cheer.
More to come....
Kelly
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Here is the news. Trump is heading the largest cult in WORLD HISTORY, the CHURCH of Trump, and he will, with no evidence scream whatever he free associates in his head , non withstanding that BILLIONS of people could die if he uses the nuclear codes, for unwarranted reasons.
While this is going on, we have the mayhem as to Cruz self sequestering himself due to the CORNAVIRUS and here is a nice summary of the mayhem
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There are now over 400 confirmed cases of coronavirus infections identified in the United States and the numbers are climbing quickly. Cities across the country are scrambling to prepare their emergency services and are questioning when the federal government will get its act together.
The White House response has mainly been to reassure everyone that all is fine and, in meeting after meeting, US President Donald Trump’s team praise him for his expert leadership.
That praise has been directed at Trump’s first and apparently only instinct, which was to control who could enter the country via travel bans. On the surface, that looks like a credible first response: who wants potentially infected people entering the country and spreading the disease?
But this focus was at the expense of initiating broad access to working test kits, which, had they been available and used, would have indicated that the virus was already in the general population weeks ago. Based on the abundance of evidence from China and other countries, the virus would quickly spread, and now it has.
Not only did Trump largely ignore this issue of domestic health monitoring, he had already eliminated positions within his National Security Council charged with coordinating an all-government response to epidemics.
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ONCE AGAIN;
How much magical thinking will you endure, TRUMPIES, so as to keep DONALD J. Trump safe from criminal prosecution in a Post Trump Presidency ? Your move, and if your family members DIE due to the Cornavirus, don't refer to the deaths as COLLATERAL damage. You did it to yourselves. No one else could be this STUPID but YOU. Just do not make the rest of the human race pay for it. Thank you if you do it.
Andrew Beckwith, PhD
https://www.alternet.org/2020/03/here-are-7-brutal-comments-from-experts-about-donald-trumps-mental-stability/