Bill McBride

Bill McBride


Author of Calculated Risk

53099 followers  •  268 follow  •    •   http://t.co/0MZAQa5vRH

She returned mid-February and isolated for 2 weeks (no problem). She says America isn't taking it seriously - the isolation is nothing like in China.

@DurhamRich  Timing. The BLS reference week includes the 12th of the month. That was the week before layoffs started in earnest in March. The April report will be horrendous

@conorsen  With the slow start, I think we need something like 300,000 tests PER DAY to get on top of test and trace. We are already at a rate of 750,000 per week, and that is clearly insufficient.

This plan from Dr. Scott Gottlieb, Caitlin Rivers et, al. is important.

Loading
Loading

By Request, and Just For Fun: Stock Market as Barometer of Policy Success If the S&P returns 29.5% from today until the end of Mr. Trump's current term (in January 2021), that would match the gains under Mr. Obama's first term.

tweet picture

In two weeks, when 1,000+ Americans are dying every day, we will wish that today all states had stringent shelter-in-place and been declared Federal disaster areas, the Defense Production Act was used to increase PPE, and a national #testandtrace  task force had been established.

Containment of COVID-19 has failed (but delayed onset). What should the government do? 1. Let the experts brief the public, not politicians. In 1918, "happy talk" delayed action. The government's lies killed lives. See: 1/

Update: Decline in Restaurant Traffic As of March 17th, the US is off 84% YoY. Many states are off 100%.

tweet picture

The real causes of the bubble were rapid changes in the mortgage lending industry, rating agencies that didn't account for those changes, combined with a lack of regulatory oversight. 1/

Loading
Loading