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So the CME took a hit to its capital? They must have, whoever bought the assets at the auction probably didnt pay very much

They reopened their markets since then and it has been trading

Anyone can explain?

California announced a shutdown, NY should be next

"What is required is a very sharp lockdown to get Ro well below one – and put the virus into exponential decay." https://brontecapital.blogspot.com/2020/03/coronavirus-getting-angry.html?spref=tw

https://brontecapital.blogspot.com/2020/03/coronavirus-getting-angry.html?spref=tw "What is required is a very sharp lockdown to get Ro well below one – and put the virus into exponential decay."

good luck thinking its just old people https://www.statnews.com/2020/03/18/u-s-official-says-data-show-severe-coronavirus-infections-among-millennials-not-just-older-americans/ https://www.boston.com/news/health/2020/03/18/younger-adults-coronavirus "But of the 508 patients known to have been...

You are out of your mind, Gates has been in this field for over a decade. Musk is just desperate to remain in business. You dont seem to understand that the death rate (both direct and indirect) is connected to the amount of infected people. 2% at might be at 10K patients but at 100M it might be...

Its not hysteria, the death rate can increase based on the number of people infected. It might be 2% at low infection numbers but it can skyrocket at higher numbers. If 1M are infected, then people will be dying on the streets, literally. Not to mention the people ill for OTHER REASONs that will...

www.reddit.com/r/Coronavirus/comments/fksnbf/im_bill_gates_cochair_of_the_bill_melinda_gates/ Essentially, he likes what China and SK are doing and thinks the US should follow them. That is, a nationwide temporary shutdown

The US needs to adopt the Asia model ASAP. China, HK, Singapure, SK are all showing how its done. I was in Macao in 2018, the Casinos and streets were PACKED with rich chinese people looking to gamble and have fun. Yet, they completely controlled the situation. They have 17 cases, 17!

Looks like your people are full of shit. PSH is down -6% for the year. And that's his levered fund, the non levered one is down less https://pershingsquareholdings.com/company-reports/weekly-navs/

Looks like we reached a bottom today. The reversal + action to the ECB news seems to show that participants have stepped in to buy in a big way. I deployed all my 'responsible' cash into this drop. I just havent thrown the kitchen sink yet. I still have my gold (which I think will go up so I'm...

So the Ackman idea was to buy a lot of stocks today because he thinks its inevitable that Trump will order a shutdown. So he is front running the announcement. I think that makes sense, the question is, how long it will take for them to do that? The states are doing gradually, some cities also...

https://www.cnbc.com/video/2020/03/18/watch-cnbcs-full-interview-with-billionaire-investor-bill-ackman-on-coronavirus-outbreak.html?&qsearchterm=ackman Ackman CNBC interview. This idea makes sense, so there is another potential catalyst for a SPY/ES trade there. If Trump goes the "China way"...

you got an advance notice on his returns? PSH didnt put out the weekly NAV yet, but as of last week he was up due buying puts in the market

He is right, China did it and their factories are coming back into production. 80-90% of Starbucks are open in China. China stocks are down -10% in the last 6 months. They laid out the path

Yeah, thats what I plan to do but I will be using SPX levels instead. Its hard to see, -45% -50% not being a great moment to buy. So I will be scaling on the way down

Here is Bernanke supporting price level targeting https://www.brookings.edu/blog/ben-bernanke/2019/02/21/evaluating-lower-for-longer-policies-temporary-price-level-targeting/ I dont like this 'temporary' part, if you do it, you must be credible and saying its temporary sorta contradicts the promise

The Fed might not be ready for NGDP targeting though, it would be a big change. But price level targeting, I think they are. They would essentially promise 2% inflation and would MAKE UP for unhitting that target if that happened. Effectively it would be an open ended QE that would guarantee...