Today one of the greats in the business discussed the volatile trading in global markets, gold, and how many people are being devastated by the economic shutdown.
The post Wild Trading In Markets, Gold, And How Many People Are Being Devastated By The Economic Shutdown appeared first on King World News.
Coronavirus-induced shockwaves are rippling through the world economy, causing tremendous damage that we are only just beginning to measure.
Strangled global supply chains have caused supply shortages. A massive drop in demand has resulted from millions of customers forced to stay home under mandatory lockdown.
Now come the job losses. 60% of companies have reported hiring freezes, while over 13% have already begun laying workers off:
Of course, the layoff rate will accelerate rapidly as Q1 earnings (or more accurately, Q1 “horrific losses”) start being reported later this month.
The small/medium-sized enterprises (SMEs) like your local restaurant, dry cleaner, bookstore and building contractor are being hit especially hard, as they don’t have the reserves to withstand the many weeks of no income the lockdown is placing them under. Many of them have already laid off their employees. Many may never reopen.
The jaw-dropping severity of this job carnage can already be seen in last week’s unemployment numbers. Claims spiked up to 3.3 million — nearly 6x higher(!) than the worst week of the Great Financial Crisis:
So what impact will this all have? What will the rest of 2020 be like?
It’s certain that we’re heading into recession. How deep and long with it be? Will the announced stimulus efforts help?
Can we get things back to the way they were, or are we entering a “new normal”? If the latter, what will that look like?
To address these questions, I recorded the following interview today with two of Peak Prosperity’s favorite macro experts, John Rubino and Charles Hugh Smith.
Both are in agreement that the current breakdown represents “the end of the road” for the 75-year Debt Supercycle we’ve been living through. And because of that, the future is going to look and feel very different to what we’ve been used to:
After the recording ended, John and Charles expressed interest in coming back on soon to delve further into the question of: What comes next?
What specific policies, monetary systems, business models, etc will be better suited for the future we’re swiftly transitioning into?
If that’s a discussion you’d indeed like to see happen, let us know in the Comments section below, along with any other particular questions you’re interested in hearing addressed.
The post Economic Shockwaves appeared first on Peak Prosperity.
As if we didn’t have enough reasons to be angry at our “leaders”….
Yes, “it didn’t have to be this way”. We should have had a much higher state of readiness to face this pandemic — it was a certainty that sooner or later, one of this magnitude would hit. So faced as we’ve been with medical supply shortages, botched mobilization efforts, and contradictory/harmful official guidance — it’s inexcusable.
But just as maddening is the predictable outcome we’re seeing with governments’ response to the economic crisis triggered by covid-19.
In short, as happened in 2008, those who created the economic instability in the first place, by looting and abusing the system, are being bailed out — generously. And the tab is being picked up by the taxpayer.
Most folks don’t realize this because the details are hidden behind the “we need to do whatever it takes” emergency measures and the alphabet soup of “facilities” being set up to pump the stimulus out.
But at the end of the day, the trillions in forgivable loans and bailouts being funded come either directly from the public Treasury or from a reduction in purchasing power of our currency.
Just as we were in 2008, we are being shafted to rescue the rich. But on a much larger scale this time. Chris walks through the numbers in today’s video.
These parasites are famous for saying “never let a crisis go to waste”. Perhaps it’s time for we citizens to do the same, and declare the current disaster as a reason to demand the risk-takers start eating their own losses.
____________________
Links for today’s video:
The post Coronavirus: The Economic ‘Rescue’ Is Shafting Us appeared first on Peak Prosperity.
Egon von Greyerz exposes the fake paper silver market, plus James Turk on the next bubble to burst and free market gold.
The post Greyerz – Fake Paper Silver Market, Plus James Turk On The Next Bubble To Burst And Free Market Gold appeared first on King World News.
Despite the recent pullback in gold, the bullion banks' worst nightmare may now unfold as gold demand remains strong.
The post Despite Pullback, Bullion Banks’ Worst Nightmare May Now Unfold As Gold Demand Remains Strong appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
1. The Federal Reserve announced the establishment of a temporary repurchase agreement facility for foreign and international monetary authorities (FIMA Repo Facility). They are now the central bankers to the world. There has been a real issue for foriegn countries to get U.S. Dollars. This FIMA Repo Facility will make it much easier for them. In these transactions, FIMA account holders temporarily exchange their U.S. Treasury securities held with the Federal Reserve for U.S. dollars, which can then be made available to institutions in their jurisdictions. Basically, this will ease the strains in the global U.S. dollar funding markets.
2. D.C. is reportedly preparing a $600 billion relief package for mortgage markets, the travel industry, and states. They are flooding this market with liquidity right now and planning on more. Down the road this will be really bad, but for now it’s very bullish for stocks and markets.
3. All of this liquidity news is very bullish for gold and gold mining stocks.
For more info, go to www.InTheMoneyStocks.com.
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Anatomy Of The $2 Trillion COVID-19 Stimulus Bill (CleanEnergyFan)
To help right the ship, the Coronavirus Aid, Relief, and Economic Security Act — also known as the CARES Act — was passed by U.S. lawmakers last week with little fanfare. The act became the largest economic stimulus bill in modern history, more than doubling the stimulus act passed in 2009 during the Financial Crisis.
Today’s Sankey diagram is a visual representation of where the $2 trillion will be spent.
National coronavirus response: A road map to reopening (Sparky1)
In each phase, the authors outline the steps that the federal government, working with the states and public-health and health care partners, should take to inform the response. This will take time, but planning for each phase should begin now so the infrastructure is in place when it is time to transition.
The US 2020 Fiscal Deficit Will Explode To 18%, Unseen Since World War II (CleanEnergyFan)
Even before the coronavirus outbreak, the post-GFC global economy had been facing the triple challenge of demographics, debt and disinflation (the 3D Challenge we have written about previously), which the world last faced in the 1930s. At its core, the outbreak represents a substantial shock to incomes, and the impact on aggregate demand will ultimately create renewed disinflationary pressures. The debt challenge will also become more pronounced in the near term as nominal GDP growth weakens and nations, households and corporates face rising levels of indebtedness. Taken together, we expect these forces to bring the 3D Challenge back to the fore.
Would everyone wearing face masks help us slow the pandemic? (Alex V.)
Even experts who favor masking the masses say their impact on the spread of disease is likely to be modest. Many are also afraid to promote mask buying amid dire shortages at hospitals. But as the pandemic wears on, some public health experts think government messages discouraging mask wearing should shift.
CDC considering recommending general public wear face coverings in public (Sparky1)
That may change. Officials at the Centers for Disease Control and Prevention are considering altering the official guidance to encourage people to take measures to cover their faces amid the coronavirus pandemic, according to a federal official who spoke on the condition of anonymity because it is an ongoing matter of internal discussion and nothing has been finalized.
Trump administration sent protective medical gear to China while he minimized the virus threat to US (Mike F.)
Yet the same day as the WHO warning, the Trump administration announced that it was transporting to China nearly 17.8 tons (more than 35,000 pounds) of “masks, gowns, gauze, respirators, and other vital materials.” As Secretary of State Mike Pompeo noted in the press release announcing this shipment, “These donations are a testament to the generosity of the American people.”
Her research could have implications for the global COVID-19 pandemic, though measures called for by the Centers for Disease Control and Prevention and the World Health Organization call for six and three feet of space, respectively.
What Americans Don’t Understand About Masks (Epictetus)
My only personal experience with masks was in the army. In Basic Training, every soldier is issued a gas mask. And we’re trained to use that and other gear to protect ourselves from toxic environments stemming from chemical or biological warfare.
The lesson: Sometimes environments are hazardous. We wear masks to protect ourselves from these hazards.
You Asked: Does Washing My Clothes Kill All the Germs? (Larry S.)
It’s the dryer—not the washing machine—that lays waste to harmful microorganisms. “High heat drying for at least 28 minutes is the most effective way to kill viruses,” Reynolds says. The “high heat” setting is key. Energy efficient, low-heat settings may not get the job done, she says.
How sick will the coronavirus make you? The answer may be in your genes (Alex V.)
Ganna heads up a major effort to pool COVID-19 patients’ genetic data from around the world. The idea “came quite spontaneously” about 2 weeks ago when “everyone was sitting at their computers watching this crisis,” says Ganna, who is also affiliated with the Broad Institute, a U.S. genomic powerhouse.
Hospital treatment of COVID-19 with high-dose Vitamin C (Mirjam P.)
Video
China Shuts Down All Cinemas, Again (John M.)
The phased reopening of China’s vast network of 70,000 movie screens had promised a rare bright spot on the global distribution map, given that cinemas are shuttered in virtually every other major market around the globe, including North America, Europe, Japan and elsewhere. Beijing’s decision to reclose — or stay closed — was met with dismay by stakeholders throughout the Chinese industry.
‘Vaccines won’t work’: US virologist breaks down COVID-19, how to curb spread (Colleen RN)
Lessons learned from Dr. Djaballah about the COVID-19, caused by the SAR-CoV2 virus, can be summed up in several notes. Check out the video interview with Dr. Djaballah for more in depth.
Goodbye, Green New Deal (thc0655)
For years, we’ve been hearing, “This is climate change” and “That is climate change,” every time there’s a flood or a storm. If that’s the fact, then climate change is, relatively speaking, manageable. There is no way Americans—or people around the world—are going to agree to endure anything like the current economic downturn in order to prevent problems of that nature.
Funerals are the latest part of American life to move online (Sparky1)
Ahead of the service, St. Helens Roman Catholic Church in Phoenix, Arizona, informed the family that attendance should be kept to a minimum due to the outbreak. Isabel Galindo’s three children and their spouses, along with three of her 11 grandchildren, went in person. Garrett’s father used his iPhone on a tripod to broadcast the service online from his private Facebook account.
Indian police fire tear gas at jobless workers defying coronavirus lockdown (Sparky1)
Many have been walking for days, some with families including small children, on deserted highways with little access to food or water.
On Sunday, about 500 workers clashed with police in the western city of Surat demanding they be allowed to go home to other parts of India because they had no jobs left.
Macy’s, Kohl’s, Gap turn to mass furloughs as virus crisis deepens (Sparky1)
Kohl’s also said it would suspend its share repurchase program, evaluate its dividend plan and draw down $1 billion from an existing credit line, joining a growing list of companies seeking to shore up their cash reserves to weather the financial hit from the health crisis.
“A Multitrillion Dollar Helicopter Credit Drop”: How The Fed Turned $454 Billion Into $4.5 Trillion (CleanEnergyFan)
And as usually happens with matters Fed related, the fact that the Fed received permission from the Treasury to “stimulate” by more than twice the full amount of the CARES act, flew right over America’s head. Which, if to be expected, is lamentable, because by giving the Fed a green light to inject money at will, the US government officially launched helicopter money.
Mike Krieger: “Question Everything!” (CleanEnergyFan)
The paradigm we live under depends on us not thinking too hard about how power functions. It relies on us being so busy with the basics of survival, or distracted by superficial consumerism and endless entertainment, to contemplate how the system actually works. This method of social control has been wildly successful throughout my lifetime, but what’s interesting about moments of global crises is the mask is forced off for a period. In a desperate scramble to marshal all of the corporate-imperial state’s resources to save the interests of the oligarchy, we’re shown in full color who really matters and who doesn’t.
Unpacking China’s Viral Propaganda War (CleanEnergyFan)
China is waging a propaganda war against the coronavirus on several fronts. In addition to its well-documented efforts to deflect attention from its early suppression of information about the disease and to claim that it has among all nations now halted the scourge, it is also pushing an alternative explanation of its origins—namely that it didn’t start in Wuhan after all, but was a creation of a military biochemical lab in the United States and was brought to China by an American team that competed in the Military World Games in Wuhan last October.
China Is “Fixed”: Chinese PMIs Soar Back Into Expansion, Smashing Expectations (CleanEnergyFan)
Remember the record plunge in China’s manufacturing and non-manufacturing PMI for February when the entire economy imploded as a result of coronavirus pandemic? Well, forget all about it, because in the latest farce out of Beijing, moments ago the goalseekers at the National Bureau Of Statistics came up with March PMI numbers that are so ridiculous they not only make a mockery out of all Chinese “data” reporting, but put into question absolutely everything that Beijing is officially reporting in connection with the pandemic.
Goldman: The Oil Industry Will Never Be The Same After Coronavirus (Michael S.)
The bank said last week that global oil demand could plummet by 18.7 million bpd in April, which could deepen an expected demand plunge of 10.5 million bpd for March while the coronavirus pandemic continues to claim thousands of lives and keep major economies in lockdown.
This week, Goldman sees the world’s oil consumption down by 26 million bpd, or down 25 percent compared to the typical global demand, as lockdowns and social-distancing and travel advisories now affect 92 percent of the world’s gross domestic product (GDP), Bloomberg quoted Goldman Sachs as saying.
Hydroxychloroquine Prescriptions Triple Overnight Following FDA Approval (CleanEnergyFan)
The Food and Drug Administration gave emergency-use authorization to hydroxychloroquine as a treatment for the coronavirus pandemic on Sunday. But demand for the drug backed by President Donald Trump that is typically used to treat malaria soared prior to the move, according to data from Symphony Health.
Click to read the PM Daily Market Commentary
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The post Daily Digest 3/31 – Unpacking China’s Viral Propaganda War, Would Face Masks Help Slow The Pandemic? appeared first on Peak Prosperity.
from Financial Survival Network
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As we reported yesterday, with the world sharing its data, we are starting to get a better handle on understanding the coronavirus.
This real-time exchange of data and insights going on across the globe right now is invaluable to global efforts to fight the spread of covid-19 more effectively.
Germany has recently contributed two important pieces to the puzzle:
First, it has been conducting *many* more tests per capita than other countries (500,000/week). Due to this, they have a better picture of the true # of infected people. Their recent data suggests that the real Case Fatality Rate (CFR) for covid-19 is closer to 0.4% — substantially lower than the rates calculated for most other countries, who don’t test as aggressively.
A 0.4% CFR is still concerning, but is substantially better than the previous 2-3% estimates from just a few weeks back.
Second, because it tests so many people, Germany is swiftly building a database of people who recover and therefore have anti-bodies against the virus. It plans to fast-track these folks’ return to work, so that they can get the economy recovering faster without fear of infecting others.
In this way, valuable insights lead to more effective policies — just like the Czech Republic has done with the #Masks4All movement.
As we get smarter, we get stronger. This, folks, is how we’ll beat covid-19.
——————–
LINKS IN TODAY’S VIDEO
The post Fighting The Coronavirus: Good Learnings From Germany appeared first on Peak Prosperity.
On the heels of the Dow rallying, this sums up the action perfectly.
The post This Sums Up Today’s Action Perfectly… appeared first on King World News.
from Daily Market Wisdom with Nick Santiago
1. Abbott Labs (ABT) develops a 5 minute test for COVID-19. This should be used at airports for travelers before they get on a plane.
2. Johnson & Johnson (JNJ) will have a vacine for COVID-19 in trials by September.
3. Central bank and U.S. Treasury stimulus is a nuclear bazooka.
4. The Strong U.S. Dollar will remain strong despite the stimulus and central bank intervention.
For more info, go to www.InTheMoneyStocks.com.
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Despite today's rally in stocks, look at what just collapsed.
The post BREAKING: This Is One Hell Of A Collapse! appeared first on King World News.
from Financial Survival Network
Jordan Roy-Byrne is back… The moves in the gold market during the past month have been insane. We’ve seen a false breakout, a crash and then a false breakdown. It all comes down to where you close the period. The fact that gold rallied back to its pre-crash peak is quite encouraging. It recovered all of its losses and got back to its previous point. Therefore, that’s reason for great optimism. While the volatility has made it difficult to get a bead on the market’s direction, the trend remains upward. Jordan says it could still go a bit lower, but after the retest it will likely head much much higher.
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from Financial Survival Network
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How To Tell If We’re Beating COVID-19 (Ben)
This video is a collaboration with Aatish Bhatia about how to see the COVID-19 tipping point – we present a better way to graph COVID-19 coronavirus cases using a logarithmic scale in “phase space” – plotting the growth rate against the cumulative cases, rather than either of these against time.
Coronavirus cases in California ICUs double overnight as manufacturers race to fill shortages (Sparky1)
Newsom said the state needs 10,000 ventilators quickly to treat a surge in COVID-19 patients who need assistance breathing. He said the state has identified 4,250 machines and is working to find more.
‘It’s no different from New York’: Urban centers nationwide gird for catastrophic virus outbreak (Sparky1)
While it ravages New York and metastasizes throughout much of the Northeast, the coronavirus is also quickly bearing down on new hot spots, sending doctors and first responders scrambling to prepare for the onslaught.
Spread of coronavirus accelerates in U.S. jails and prisons (Sparky1)
Across the United States, jails and prisons are reporting an accelerating spread of the new disease, and they are taking a varied approach to protecting the inmates in their charge. Thousands of inmates are being released from detention, in some cases with little or no medical screening to determine if they may be infected by the coronavirus and at risk of spreading it into the community, Reuters found.
Prisoner serving time for drug charge is first U.S. inmate to die from COVID-19 (Sparky1)
A total of 14 inmates and 13 staff in federal prisons across the United States have fallen ill with the virus, according to the BOP’s website. Jones was serving his prison sentence at a low security facility in Oakdale, Louisiana, and first developed symptoms on March 19, the BOP said.
Fact check: Could your December cough actually have been coronavirus? Experts say more research is needed (Martin F.)
Bonnie Powell, of Waynesboro, Georgia, copied the status and received more than 230 shares. She said the post reflects her opinion, not necessarily scientific proof. But she said she had heard from friends about sickness at the end of last year, which makes her suspicious.
FDA authorizes 15-minute coronavirus test (Sparky1)
The US Food and Drug Administration authorized the test for emergency use, signaling that federal regulators were satisfied with the test’s validation data and believe its benefits outweigh any risks, such as false positives or negatives.
The nasty curve shows: The death rate is rising faster in Sweden than in Italy (schwedischdemokratischrepublik)
“Anders Tegnell said yesterday that” Sweden follows a more flat curve than other countries. “” What does he mean? This is what the death rate trend looks like for Sweden, Italy and Spain. We follow a pace of development faster than Italy, “Nauclér writes on Twitter. She continues:
“[The curves] all start at index number 10 dead (y axis). Sweden’s curve goes by date, while Italy and Spain’s data are entered based on the same starting values. This is so that we can assess the rate of development of the epidemic. Just worse than Italy.”
Robert Gehrke: Utah’s official number of coronavirus cases doesn’t count these people (Nathan)
As of Friday morning, the Salt Lake County Health Department had identified more than 70 of these “presumed positive” cases, in addition to the tested cases, according to Nick Rupp, spokesman for the department. At the time, there were 202 lab-confirmed cases. That number has since climbed to 279.
Mortgage Firms Brace for Wave of Missed Payments (Sparky1)
The mortgage firms are on the hook to continue paying principal and interest on the mortgages they service even if homeowners are in arrears. They are lobbying Congress and the Trump administration to establish a lending facility to help finance the billions of dollars of payments they will be obligated to make.
The momentum has reached the federal government. The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers. Sen. Sherrod Brown, D-Ohio, has sponsored legislation that prevents debt collectors from engaging in a variety of practices, such as disconnecting utility services or garnishing wages, until 120 days after a major disaster or emergency such as the current coronavirus crisis.
Pneumagen Ltd Leverages its Novel Glycan Approach to Target Coronavirus (COVID-19) Infections (Dialucrii)
Pneumagen’s lead mCBM, Neumifil
, is already being developed for the universal treatment of respiratory tract infections (RTIs) including Influenza Virus (IFV) and Respiratory Syncytial Virus (RSV), and now coronaviruses including COVID-19. Neumifil’s novel mechanism of action, masking glycan receptors in patients’ airways and thereby preventing the entry of the virus, has the potential to revolutionise the treatment of RTIs by providing clinicians with the opportunity to offer patients total protection against all viral strains, thus overcoming current vaccine limitations caused by viruses mutating and allowing the treatment to be stockpiled in advance for pandemic use.
Estimates Show Wuhan Death Toll Far Higher Than Official Figure (Marc D.)
Social media users have been doing some basic math to figure out their daily capacity, while the news website Caixin.com reported that 5,000 urns had been delivered by a supplier to the Hankou Funeral Home in one day alone — double the official number of deaths.
Some social media posts have estimated that all seven funeral homes in Wuhan are handing out 3,500 urns every day in total.
Mystery In Wuhan: Recovered Coronavirus Patients Test Negative … Then Positive (Nicole W.)
From March 18-22, the Chinese city of Wuhan reported no new cases of the virus through domestic transmission — that is, infection passed on from one person to another. The achievement was seen as a turning point in efforts to contain the virus, which has infected more than 80,000 people in China. Wuhan was particularly hard-hit, with more than half of all confirmed cases in the country.
Officials warn Africa is at ‘break the glass’ moment (Sparky1)
Moody’s on the weekend cut South Africa’s debt rating to junk, ending the investment-credit rating it had had for 25 years. Tito Mboweni, South Africa’s finance minister, said: “To say we are not concerned and trembling in our boots about what might be in the coming weeks and months is an understatement.”
Strange days indeed: On Friday morning, South Africa will wake up to a different reality (Sparky1)
For most people, there will still be children, bright-eyed and bushy-tailed, ready for the day in the confines of their home. It won’t matter much on Friday, but fast-forward a week, and the small area might well start to feel even smaller. Young children like outings, even to next-door. It gives their days a purpose, and a reason to be tired later. With that absent, parenting could be a real chore.
Rhode Island door knocks in search of fleeing New Yorkers (Sparky1)
“I want to be crystal clear about this: If you’re coming to Rhode Island from New York you are ordered into quarantine. The reason for that is because more than half of the cases of coronavirus in America are in New York,” Raimondo said, adding that it’s not meant to be discriminatory.
New York Gov. Andrew Cuomo called the order “reactionary” and unconstitutional, saying he’d sue Rhode Island if the policy isn’t rescinded but believed they could “work it out.”
Baby who tested positive for COVID-19 dies (Sparky1)
The 13 deaths announced today bring the total number of coronavirus-related fatalities to 47. More than 25,000 people have been tested, and 3,491 have tested positive, an increase of 465 people from yesterday.
Twelve people have died in Chicago. An additional 16 have died in suburban Cook County.
U.S. mayors say they’re running out of supplies to fight coronavirus (Sparky1)
The non-partisan organization of mayors of cities with populations of at least 30,000 reinforced its call earlier this week for additional federal funding with what it called a “very brief, rapid-turnaround survey of cities, sent to mayors late Friday, March 20, with a Tuesday, March 24 response deadline, intended to document the magnitude of the need for vital protective equipment and supplies.” Responses to the survey were received from 213 cities across 41 states and Puerto Rico, representing the home cities of 42 million people.
Jeff Bezos sold $3.4bn of Amazon stock just before Covid-19 collapse (Sparky1)
Bezos, 56, benefited this week from the best three-day stock market rally since 1933 helping Amazon’s share price to recover almost all of its losses this month to trade at about $1,920, though that was slightly down on their peak of $2,170 in February. Bezos owns about 12% of Amazon’s shares.
How Decades of Offshoring Led to a Mask Shortage in a Pandemic (Sparky1)
China’s vast, cheap labor pool and canny government incentives have fostered an extensive ecosystem of manufacturers, suppliers, and workers that is the default place to make everything from disposable face masks to $1,000 smartphones. American consumers have benefited as essentials such as kitchenware and more complex goods like TVs and computers have gotten cheaper. Covid-19 has created a natural experiment in how well the US can manage when demand spikes and China’s rich overseas supply chains are choked or cut off.
Information and FAQs on Performance, Protection, and Sterilization of Masks Against COVID-19 (Johnnymo)
Sterilization using radioactive such as gamma rays has the potential to decompose the PP materials, using alcohol will erase the charges. However, charges are retained by exposing the masks in the hot air at elevated temperatures such as 70C for 30 minutes, which kills the coronavirus according to a report. But be sure to suspend the masks in the hot air without contacting or being too close to a metal surface because the metal temperature is much higher than that of the hot air leading to a severe charge decay or to the damage of the masks.
New Zealand: Personal Protective Equipment (PPE) requirement for essential non-health workers – COVID-19 (Andrew R.)
Basic hygiene measures for everyone include; physical distancing, good hand hygiene, cough etiquette, regular cleaning of surfaces and frequently touched items, avoid touching face, eyes, mouth and nose.
The Flying Dutchman (Robert W.)
Starting March 22, all passengers were confined to their cabins to reduce the risk of infection. Room service fed them, the steward leaving a tray at the door and knocking before moving on; the tray to be left outside when finished. Housekeeping followed the same pattern: a bag of fresh towels and linens left at the door, soiled towels and linens put in the same bag and left out. The seriously ill went to the ship’s infirmary.
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The post Daily Digest 3/30 – Mortgage Firms Brace for Wave of Missed Payments, Coronavirus Spread Accelerates In U.S. Jails And Prisons appeared first on Peak Prosperity.
The world has been fighting covid-19 long enough that we are beginning to arrive at some constructive conclusions:
Part of the intense infectiousness of this virus is due to its long asymptomatic phase, where hosts feel fine but are shedding contagious particles. Increased testing is now showing that the majority of folks testing positive don’t realize they’re sick.
Research is showing that the recommended social distance of two meters (6.8 feet) is inadequate to protect against airborne particles. Four times that amount is more likely — reinforcing the effectiveness of both social isolating tactics (like sheltering at home) and wearing masks.
Peak Prosperity has been loudly banging the #Masks4ALL drum of late, and every day more studies emerge showing it’s one of the cheapest and most effective social responses to slowing the spread of the coronavirus.
In addition, while standard surgical/homemade (non-N95) masks do not filter out all virus particles, they do dramatically limit their spread, both in the air and on surfaces.
This is important because this reduces the viral load someone is exposed to. Data is showing that if you receive a lower viral load, if you get sick with the virus, your case is likely to be more mild and short-lived.
We are starting to win the war for data on covid-19 and this is leading to smarter practices that will flatten the curve, reduce deaths and get folks back to work.
Finally, some encouraging news.
And for the many of us remaining under lockdown, here are some helpful recent resources we’ve released. Review them when you can:
The post Coronavirus: The Solution Is Becoming Clear appeared first on Peak Prosperity.
Today the man who predicted the global collapse told King World News it will be devastating in the next 6-12 months.
The post Man Who Predicted The Global Collapse Says It Will Be Devastating In The Next 6-12 Months appeared first on King World News.
It’s amazing that people are still being chided for taking steps to protect themselves from the coronavirus, when anyone with eyes can see that the spread of the disease is fast overwhelming authorities’ ability to deal with it.
Regular people are being told not only that they don’t need masks, but that “masks don’t work”.
Hospital workers are dangerously short on PPE and critical equipment like respirators.
Nurses who have brought in their own masks to wear have been threatened with getting fired for doing so.
Why are we fighting smart prudent steps when we all share the common goal of minimizing covid-19’s impact on society?
Why are we suppressing one of the single simplest, cheapest and most effective tactics we have in the war against this pandemic? We should be encouraging EVERYONE to wear a mask, of nearly any type.
A citizen DIY movement, not unlike the WW2 victory gardens, could and should be promoted, making millions of masks in short order for us all to wear — just as they’re doing in the Czech Republic with the #Masks4All movement:
Seriously, if we all wear masks, wash our hands frequently and don’t touch our faces, our odds of making through this epidemic skyrocket.
It’s an easy goal that’s right in our grasp. It shouldn’t be this hard…
The post A Simple Way To Combat Coronavirus: Everyone Should Wear A Mask! appeared first on Peak Prosperity.
