E Las Vegas Pandemic Disappeared. Trump Knew

And don't forget, Tom Hanks is recovering nicely. He was a high-risk guy with diabetes. Just more proof that the virus is not the same in the USA or in Australia as it was in China. There is still danger, but it has diminished drastically.


Going Forward

A good percentage of Americans have been frightened by the Coronavirus. The toilet paper shortages are real everywhere. The national emergency declaration did wound American confidence, though not completely.

It appears that we can bounce back fairly soon. The main economic indicator is hospitals in crisis. The secondary indicator is the willingness to fly. The third indicator is every day living and restaurant capacity. And the last indicator are crowds at events.

Trump will push ahead with rallies to show crowds are safe. He obviously knows something. He is an odious guy, but he is not stupid. I would just wish that he would share with America how he came to believe the US version of the virus was not as dangerous, way back on February 2nd. That is at least partially true.

The recovery will likely be faster than the doomsday scientists are calling for, but not fast enough to avoid serious damage to parts of the economy. Doomers are calling for bar and restaurant closings.


China and the USA

You would have thought that the Covid-19 would have brought the US and China together. But the Chinese may be done with the United States. The US continues to attack the China telecom industry and other industries. It will, as I wrote in the past, make China stronger:

Truth is, the jury is out on whether Donald Trump believes Huawei is any more dangerous than another other cell phone company. After all, he also said he could make a deal that includes Huawei. But the idea of economic nationalism appeals to Donald Trump.
We know that Bannon wants Huawei destroyed. He said it is 10 times more important than a trade deal. I actually think that, while this would cause short term pain, ultimately it would do China a huge favor if Trump takes his advice and crushes the 5G/Smartphone company. It would make China more independent of the United States. Bannon falls back on the 1974 Trade Act, specifically sections 201 and 301, which is a US law only. That act has no international status regarding the transfers of tech within sovereign nations. Yet the government is beginning to box itself into commitment to the bad law.
But what if America's version of economic nationalism is forever flawed? Ask yourselves, are you comfortable that Amazon and GM and Whirlpool and Trump's son in law, Jared Kushner, are not paying taxes so that America is starved for taxable income and the deficits are massive? Yet we know that China collects lots of taxes and always has enough money to subsidize favored industry and agriculture.

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Disclosure: I have no financial interest in any companies or industries mentioned. I am not an investment counselor nor am I an attorney so my views are not to be considered investment ...

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Gary Anderson 1 month ago Author's comment

Update 11: Las Vegas did not get Coronavirus from too many Chinese through the Chinese New Year. Our infections most likely came from the East Coast and NYC! The West Coast seems to have the pandemic under control although Las Vegas cases are still growing. The east coast and really, east of the Mississippi is at a critical time.

Caitlin Snow 1 month ago Member's comment

Sounds likely.

Gary Anderson 1 month ago Author's comment

Update 10: The FDA has just approved the malaria drug for treatment of Coronavirus. It is in short supply. Only take it from a physician!

Gary Anderson 1 month ago Author's comment

Update 9: NYC lacks medical equipment. With the hospitals filling, equipment becomes crucial for any effort to limit damage to victims. Trump is talking about opening the country by April 19th. Unless NYC and other hotspots are controlled, that date may be way too soon. Derivatives bets on Wall Street may be massive. But health must come first. Many of us underestimated the virus.

Angry Old Lady 1 month ago Member's comment

Did you see the report that came out today saying Trump has his highest approval rating right now at 49%? With most citing his handling of the pandemic for the positive rating? I'm baffled!

Gary Anderson 1 month ago Author's comment

If you have no job, no money and children you very well could want money more than safety. Trump has people thinking this war will be short and he will win it. You just can't expect much from Americans anymore.

Angry Old Lady 1 month ago Member's comment

Yes Gary, I think you hit the nail on the head there. The economy will affect everyone but most people will think that the Covid deaths will be other people. If millions end up dying, they may likely be wrong.

Gary Anderson 2 months ago Author's comment

Update 8: Because some hotspots like LA and NYC have failed to obtain adequate test kits, death rates and signs of overflowing hospitals are the only measures investors have to observe the direction of the virus. If the hotspots can be tamped down, the virus will present a decreased risk.

Gary Anderson 2 months ago Author's comment

Update 7: Fema is making NYC an emergency disaster zone. Unlike Las Vegas, hospital beds are filling up in that hotspot. Until these hotspots are contained, the virus remains a danger.

Gary Anderson 2 months ago Author's comment

Update 6: While Trump was not taking the spread of the virus seriously enough, Gavin Newsom is scaring people with talk of Marshall law and 25 million catching the virus.

Gary Anderson 2 months ago Author's comment

Update 5: Promising drug used for malaria could treat Coronavirus. Death rate is declining anyway. While I believe risk is declining, I wear a mask to grocery stores.

James B. Paxton 2 months ago Member's comment

4 to 6 weeks ago, I was confident Trump would win the election easily. Today I am convinced he will lose by a landslide. And 100% it will be because of how he handled the COVID-19 pandemic.

Gary Anderson 2 months ago Author's comment

It is hard to say. I would never vote for him, but if he gives out and showers workers with money, he stands a chance.

James B. Paxton 2 months ago Member's comment

That's a good point. But if some of these projections come true and millions die, it won't matter. Any one who lost a love one likely won't be bought off. And it's not like Trump is giving out money from his own pocket. It's the government's. The people would have gotten that no matter who was president.

Gary Anderson 2 months ago Author's comment

James, very high US death rates estimates are, in my opinion, overdone. Now, the financial package to workers may be too small. That could finish Trump.

Mad About Money 2 months ago Member's comment

The world is going to hell in a hand basket!

Gary Anderson 2 months ago Author's comment

That is a broad subject. Governments are forcing crowds into grocery stores. And banks. Stupid!

Gary Anderson 2 months ago Author's comment

Update 4: Lack of testing causes panic. No fan of Trump for not getting more testing. That failure undermines his reasonable argument that the death rate is very low in the USA.