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Yeah I know, it's absolutely pathetic. It really is.
I know what you're talking about re: Bill Maher and that's one of the worst things he's said. He takes a limo from his gated mansion in the Hollywood Hills down to his studio and is paid millions. But yes, please tell middle class Americans you want them to lose their savings, etc. so Trump won't be re-elected. Also, yeah please lecture us on who to vote for.
FWIW I don't think this will have any effect on Trump's re-election. A toddler could ascertain that this market drop isn't his fault.
Apparently toddlers believed the rise was all due to him, eh?
1. Create and spread Coronavirus.
2. Cause the whole world to panic.
Well, you didn't really answer....and I would take some exception with #2.
When Americans see the real Trump and realize that he "doesn't have this" they tend to react more. It's not like he's FDR and people believe him when he says "we have nothing to fear but fear itself".
I will give you #1 for sure. He didn't create a virus. He may have, unknowingly, allowed it to spread here quicker but we don't know that...."may" is the key word. However, the one woman in Vacaville as well as other cases seems to point to that.
The top chart shows the 10-year/3-month yield curve.
The bottom chart shows what is nearly the yield curve inverted, but is actually a recession indicator ... shifted twelve months ahead.
Drag your cursor over the line in the bottom chart. Notice it shows a high probability of a recession this coming August (or roughly in the summer) ... but that was determined last August!
The coronavirus is nothing more than a catalyst for a crash that was bound to happen soon. It is not the cause of the crash.
There have been a myriad of indicators telling all but the most blind that the recent stock market runup was an overly euphoric blow off top that was bound to burst sometime soon. All it needed was a catalyst, and it got one in the coronavirus.
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