COVID-19 Accelerating Across the US

[Kane]

Whelp - not surprisingly the dollar is losing value against the Euro, pound, etc and UST yields continue to fall. So you have massive risk aversion (don't look at equities - that's the Fed) to a perceived safe haven and you have the dollar losing value against its peers as the response to the coronavirus wreaks havoc on the US. I think this currently reflects the degree to which other nations the world over have tackled the pandemic and the degree to which there is discernible progress elsewhere suggesting positive economic growth in the short to medium term. Whereas here in the US we are working through the first wave again, have not yet passed any further stimulative measures, and appear to have an executive branch that is incapable of doing it's primary directive - safety of US citizens.

No wonder the GOP want to do another stimulus - these people are absolute idiots.

[Spider]

Applying inflationary pressure has kinda been the goal all along. Government is happy to wield that money printer like a gatling gun. It's deflation and the perceived global dollar shortage they're really worried about. But hey, at least our precious metals positions are doing something. For now.

[Kane]

Actually the falling dollar indicates it's in less demand as outside investors migrate to economies that have handled the coronavirus better. I suspect yields on USTs are down as domestic firms seek to shelter capital and remain skeptical of the recovery in equities mainly driven by speculative bets and the fed. So no shortage of dollars and US consumers lose purchasing power because so many of our products are imported. This on top of everything else. Exports may become more competitive but given the current international trade situation that seems less beneficial. There's not enough inflation in the world right now that can explain this drop - and the reason for that should be obvious.

Go team Trump go.

[Spider]

[John Galt]

i know it's part of the national credo for canadians that they must have an aura of superiority over their southern neighbors, and i know there's a tendency to try and blame people from other countries for your ills (people do it here too) but your cases are going up too

[Kane]

[exploited]

[Spider]

[Winchester]

Glad my dad was on vacation last couple of weeks as the Covid hit the Sr. Golf League last week. One guys daughter visited from UT, gave him Covid and he passed it to at least one other Sr Golfer (their ain't that many of them). The second and third biggest demographic in our county are the 70-79 and 80-89 range. We're still planning the rodeo, fair and 4H showing over labor day (right when the kids start school again) but they did think the concert should be cancelled. The bars and closed off streets downtown will be wall to wall drunk residents and cowboys... what could go wrong.

[Kane]

People are starting to feel it. FAR fewer peoples in the stores now.

Once the GOP gets this bill with 70% of wages paid out they're gonna do great in November. f**k idiots.