Coronavirus Stock Market buy off.

[NorthernStar]

top 3 courses in the state yuo've played , NS ?

I like the Legends at Giants Ridge up in northern Minnesota. Played it a few times in the fall with the leaves changing and the temp around 70 degrees. It was spectacular. The Quarry is also good and they are right next to each other.

Watching the golf channel show on Arnold Palmer. I think Deacons Lodge is a great course.

Chaska Town course is probably the best public courses in the twin cities. You have to use all of the clubs in the bag. You always get done thinking you should have scored better.

My son caddied at Hazeltine for probably 8 years. It was great for him....he could play anytime there....all he would have to do is call and if they had an opening they would get the caddies on the course. He has a ton of golf stories from that job and git paid well. Only bad part of their policy is they couldnt bring guests. One of these days I will have to get on "The Rock" and see what I can do. When I was younger I was probably a 2 or 3 handicap.

 

[Ricboff]

thnks for sharing, if i ever to get Minnesota i'll know which links to head to. Chasta Town ranked inside Golf Digest top 25 public courses in USA, damn must be a beauty

................

was a matter of time

https://www.wsj.com/articles/u-s-shale-driller-whiting-petroleum-to-file-for-bankruptcy-11585746800

Whiting Petroleum Becomes First Major Shale Bankruptcy as Oil Prices Drop



...........................

let's see what the Saudi's do. If they ignore Trump?...i dont think their an 'ally'

https://oilprice.com/Energy/Energy-General/Oil-Price-War-Is-It-Game-Over-For-Trump.html

Meanwhile, some U.S. shale drillers and Texas regulators have raised the prospect of participating. Pioneer Natural Resources and Parsley Energy have called for some sort of global negotiated settlement, which would include Texas regulators instituting mandatory production cuts.
For now, there is little sign that the U.S. will be able to convince Saudi Arabia or Russia to change course.
OPEC has been unable to agree to hold an emergency meeting, suggesting that the group has no intention to cut production anytime soon.
Saudi Arabia likely sees little benefit to backing off its new strategy of flooding the market. In fact, Riyadh may now view additional volumes as critical to its budget with prices so low. “Saudi Arabia now needs to produce 13m bl/day and export 10-11m bl/day which, together with government spending cuts of 20-30%, will bring down its social break-even towards $50/bl,” Bjarne Schieldrop, chief commodities analyst at SEB, said in a report. “Lifting Saudi Aramco’s production capacity to 13m bl/day is not a threat, it is a need.” @)
“The market is hoping for too much if it is now expecting Saudi Arabia to cut production aggressively again once we are on the other side of the Q2 2020 oil market disaster and price trough,” Schieldrop said.
On April 5, Aramco will publish its prices for May, which will offer a major signal regarding Riyadh’s intentions.

 

[snoop]

Shit has hit the fan in NY - it is now worse than Wuhan. They're using semi trucks to haul away dead bodies.

Peak is still several weeks away, by the time it's over, total # infected could hit 1M in NY alone, 15% need hospitalization, 2% will die. At the minimum, we'll be looking at 10K - 15K deaths in the state of NY. Coumo is spewing 'patriotism' bullshit daily in the press conference. He had 2-month headsup from China and he did NOTHING. The majority of so-called US healthcare experts in general downplayed everything coming out from China, some even mocking China when they reported which is now a FACT that the virus could be transmitted from person to person during incubation period. Birx/Fauci are a few that saw it's coming and they're being thrown under the bus by Dem/Repub.

This has to be the biggest mishandling from the US government. Next time when any outbreak happens and you hear anything close to 'the risk to the public remains low'....RUN to the bunker.

 

[bigbet1234]

Shit has hit the fan in NY - it is now worse than Wuhan. They're using semi trucks to haul away dead bodies.

Peak is still several weeks away, by the time it's over, total # infected could hit 1M in NY alone, 15% need hospitalization, 2% will die. At the minimum, we'll be looking at 10K - 15K deaths in the state of NY. Coumo is spewing 'patriotism' bullshit daily in the press conference. He had 2-month headsup from China and he did NOTHING. The majority of so-called US healthcare experts in general downplayed everything coming out from China, some even mocking China when they reported which is now a FACT that the virus could be transmitted from person to person during incubation period. Birx/Fauci are a few that saw it's coming and they're being thrown under the bus by Dem/Repub.

This has to be the biggest mishandling from the US government. Next time when any outbreak happens and you hear anything close to 'the risk to the public remains low'....RUN to the bunker.

Heard this in the news here in Cincinnati. Stay safe

 

[PatsFan1283]

Shit has hit the fan in NY - it is now worse than Wuhan. They're using semi trucks to haul away dead bodies.

Peak is still several weeks away, by the time it's over, total # infected could hit 1M in NY alone, 15% need hospitalization, 2% will die. At the minimum, we'll be looking at 10K - 15K deaths in the state of NY. Coumo is spewing 'patriotism' bullshit daily in the press conference. He had 2-month headsup from China and he did NOTHING. The majority of so-called US healthcare experts in general downplayed everything coming out from China, some even mocking China when they reported which is now a FACT that the virus could be transmitted from person to person during incubation period. Birx/Fauci are a few that saw it's coming and they're being thrown under the bus by Dem/Repub.

This has to be the biggest mishandling from the US government. Next time when any outbreak happens and you hear anything close to 'the risk to the public remains low'....RUN to the bunker.

Sadly, I think it had to be this way. Americans weren't going to pause their daily lives when we had like 10 deaths, just wasn't gonna happen.

We get the gov't we deserve.

Can't say I'm that impressed with Birx or Fauci either, these are the best we've got? Brix even said yesterday the entire virology community was behind the curve on this, so much for experts...

 

[Ricboff]

(article from yesterday)

In New York, 77% of the 914 patients who died had a medical condition such as diabetes, lung disease, heart disease or asthma, according to the city’s health department. Only 1.5% were otherwise healthy, with another 20% of the cases still under review. A broader analysis by the U.S. Centers for Disease Control and Prevention found a similar trend, that three-quarters of Americans who ended up in the ICU because of Covid-19 had one or more underlying health problems. Few people with such problems are able to recover without a hospital stay, the CDC said.

Risk Factors

Two-thirds of the U.S. is overweight or obese, factors shown to increase the risk of Covid-19. Nearly half of adults have high blood pressure. And 1 in 8 Americans haven’t visited a doctor in the past year, meaning that some may have health conditions and not know it

.............

r reporting a higher number of younger people presenting at hospitals in NY

 

[snoop]

Sadly, I think it had to be this way. Americans weren't going to pause their daily lives when we had like 10 deaths, just wasn't gonna happen.

We get the gov't we deserve.

Can't say I'm that impressed with Birx or Fauci either, these are the best we've got? Brix even said yesterday the entire virology community was behind the curve on this, so much for experts...

Anyone has economic tie with China has been pampering that country for so long. China tourists bring in $5B revenue to NY annually, no one wants to upset China. That WHO douchebag helps China to cover up the crisis on every turn. They dropped a nuke bomb on the international community and now they play a good cop. China is now shipping 80% of total PPE volume to the rest of the world.

 

[PatsFan1283]

Anyone has economic tie with China has been pampering that country for so long. China tourists bring in $5B revenue to NY annually, no one wants to upset China. That WHO douchebag helps China to cover up the crisis on every turn. They dropped a nuke bomb on the international community and now they play a good cop. China is now shipping 80% of total PPE volume to the rest of the world.

Yeah, that unholy alliance was apparent from the start of this thing when they lied about containing the virus. A lot of the excess buying in coastal real estate also comes from China. There is a video of a Taiwanese journalist (I think she is a journalist, I dunno) asking a health expert from WHO about how Taiwan is handling the virus and the guy completely turtles up in fear so he doesn't upset China. Was pretty jarring to watch.

Just another example of the US looking at the short-term over the long-term.

 

[Ricboff]

keep an eye on oil, chart is basing. Russia/USA spoke .....and now this;

...............

Trump on Monday said Saudi Arabia and Russia "both went crazy" with their production after the supply deal failed. "I never thought I'd be saying that maybe we have to have an oil (price) increase, because we do," he said.
The Trump administration is trying to persuade Saudi Arabia, the world's top oil exporter, to cut crude output. It will soon send a special energy envoy, Victoria Coates, to the kingdom.
The Kremlin said on Wednesday that Russia and Saudi Arabia were not holding talks regarding the oil market at the moment and Russian President Vladimir Putin had no immediate plans to have a phone call with Saudi leadership

bingo
Trump;
Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

 

[Ricboff]

https://www.investing.com/commodities/crude-oil-streaming-chart


@)

 

[Michelangelo]

Picked up a bunch of BP and XOM today.

Heard Trump at his corona briefing last night say that he was having a meeting with oil biggies this weekend. And without saying it he insinuated that he was going to use some leverage against the Ruskis and the Saudis if necessary.

 

[Ricboff]

investing or trading them Mich?

 

[Ricboff]

another chap shutting it all down...........

Putin Extends No-Work Order For Russia Until May Over COVID-19 Pandemic

"Since March 11, 2020, 825,031 people have entered Russia. This is a lot," Putin said on Wednesday. He added that about 20,000 more Russians are still trying to come back from overseas.

The president has also proposed a six-month moratorium on bankruptcy claims and declared "consumer loan and mortgage holidays."

........


Putin sent medical personel aid to Italy and recently some supplies to USA ....(<)<

' be well all........'

 

[PatsFan1283]

Putin, Netanyahu, Modi, Trump all falling for the "liberal hysteria" supposedly

we don't make minds like we used to in this country, too much partisanship

 

[Michelangelo]

investing or trading them Mich?

Investing.

 

[PatsFan1283]

The fed balance sheet up another 10% this week after 10% last week.

2 weeks of QE-infinity same amount as all of QE3 combined

Book needs to put out a O/U on this by Aug 31st

 

[Ricboff]

monopoly money

...................


As the coronavirus, or COVID-19, wreaks havoc on the U.S. economy, more than 66 million jobs across sales, production, and food preparation services are at “high risk” of layoffs, according to a St. Louis Federal Reserve economist.
Using 2018 occupational data from the Bureau of Labor Statistics (BLS) detailing 808 occupations, the St. Louis Fed’s Charles Gascon found that 66.8 million people — 46% of working Americans — are employed in these occupations that are at “high risk” of layoffs.
These included people involved in food preparation and serving-related occupations as well as those in sales, production, installation, maintenance, and repair jobs.

Jobs at “low risk” of layoffs were professions essential to public health or safety (such as the police), which comprised of 17% of the total share of employment, those that could work from home (such as a computer programmer), which formed 33%, and those in salaried occupations (such as an elementary school teacher), which constituted 3% of employment.
“There are four things that you need to have be in the lucky bucket: having access to paid leave, having access to health care, having the ability to telework, and decent wages,” Heidi Shierholz, senior economist at the Economic Policy Institute, told Yahoo Finance. “If you have those four things you're lucky — you're a very small minority of the U.S. workforce — that means things are in place for you to be okay. But most of the U.S. workforce does not fit that.”
Sales, restaurant, and events staff are ‘out of luck’

Gascon’s work also showed that the occupations facing the highest risk of unemployment also tended to be lower-paid. The average income for those in high risk occupations was about $36,600. The average earnings of those in the low-risk category is about $64,600 — 75% higher.
Furthermore, 60% of those who can work from home belong to households that earn more than $100,000 a year, according to a separate blog post by the St. Louis Fed. Consequently, as “businesses close their doors or send their workers home, the financial burden of the crisis will likely be felt hardest by lower-income individuals in nonprofessional occupations,” the economists wrote.
According to BLS data, as of May 2019, the occupation held by the most number of workers across the U.S. was “retail salesperson” followed by “fast food and counter worker.” (Other lower wage jobs, particularly health care aides, may see demand rise amid the pandemic.)


In the past, “low middle income workers [have been] hit harder by recessions,” Shierholz explained. “But this is going to be more true than ever before in this recession, because many of the workers who are profoundly affected by the social distancing measures are low wage workers… they’re brick-and-mortar retail staff, they’re restaurant workers, they’re event staff. People aren't doing work in those jobs, and so those are folks who tend to have low wages, lack of health insurance, lack of paid leave, like they're just sort of out of luck.”
Macy’s recently announced that it was furloughing a majority of its 125,000 employees because of the coronavirus. Waffle House has closed more than a fifth of its restaurants. Major event venues have also shuttered — from Broadway to casinos, theaters, and so on.


The extreme turn of events has left economists scrambling to make sense of the numbers.
In February, unemployment was at a 50-year low of 3.5%. But that number could surge to at least 10%, or go as high as 42%, St. Louis Fed President James Bullard said in an interview with Bloomberg.
In the meantime, the number of Americans filing for unemployment benefits skyrocketed to a record-breaking 3.283 million for the week ended March 21.
The previous record was 695,000 claims filed the week that ended October 2, 1982.
The number is expected to be even more grim on Thursday, when the latest figures are released.
“We are in absolutely unprecedented territory,” Shierholz stressed. “I have been a labor economist for a long time, and I've never seen this just like I've never seen graphs like what we saw with insurance claims before. That's just not what labor market graphs look like, and count now.”


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70% of GDP is consumer consumption, .....................

 

[Ricboff]

.........what a week........WTI went from about $19.40 ish to a fuckin whopping $28....energy sector with a lifeline


USO

6 mth daily

Oil producer group OPEC and its partners will reportedly hold an emergency virtual meeting on Monday, with all members of the energy alliance expected to take part in an effort to stabilize markets.

 

[NBAcapper08]

acrgf is the stock to own. 1.70 right now....$25 in a year

 

[Bruins4Life]

Most pot stores are being forced to close in Ontario.