Simple Tao still has reading comprehension problems.
To remind those people following along, go back to a prior post of mine in this thread citing Krugman regarding the increase in cases. Simple Tao replied with a garbage tweet that said the increase in cases was a result of more testing, which was wrong.
Now with the increase in cases going on, this prior post of mine is showing that hospitals are starting to fill to capacity yet Simple Tao still doesn't understand what's going on.
For the newbies, Simple Tao lives in Tampa with a Russian wife.... you know what that means. Yeah, there is something really wrong with him and you can see it in his posting.
So you're bringing personal information into the thread because I kicked the crap out of you with hard data and numbers?
I remember seeing posts from Clubber Lang on you and thinking they were really harsh, but now I think he might have been right on.
Covertibility = Hero of the Stupid
That Covertibility girl must be a paid left wing poster.
She continually gets bitch slapped, and keeps coming back for more.
BTW- her thread "Housing keeps rolling along" goes down in ET history as one of the epically awful calls (along with about a dozen of Marketsurfer's train wreck bottom picking calls from 2007-2009).
Just for starters. Show us more "tweets" on why the virus is out of control in Florida so those of us who live here can laugh. I don't mind kicking the crap out of you on these forums.
Krugman on election night. Yeah, he's known for his accuracy.
It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.
Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis.
It’s true that we’ve been adding jobs at a pretty good pace and are quite close to full employment. But we’ve been doing O.K. only thanks to extremely low interest rates. There’s nothing wrong with that per se. But what if something bad happens and the economy needs a boost? The Fed and its counterparts abroad basically have very little room for further rate cuts, and therefore very little ability to respond to adverse events.
Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks.
So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.