Trump's Not Worried, So Why Should You?

Mish

Relax. Everything is under control.

Perfectly Coordinated Plan

VP Pence is a Godsend.

Trump is Healthy

Congress is Worried, But I'm Not

Oil? Who Cares?

No Straight Answers

Tut tut. Undoubtedly there are no straight answers because there were no straight questions.

Forget About Italy

Trump is not concerned.

Asked about the development on Saturday, Trump told reporters in Florida he was not concerned and planned to continue to hold political rallies**.**

Need more evidence things are under control?

I can help.

Trump Goes Golfing

Image placeholder title

Trump Can Golf, Obama Can't

Image placeholder title

Golf Quiz

Q: Why can Trump golf but not Obama?

A: Because Trump has everything under control and Obama didn't.

Why isn't that obvious?

Trump went golfing approximately 12 times this year including this past Saturday.

How cool is that?

It show exemplary control. There is no other possible explanation.

Word About Testing

Ignore those statements. Pence accidentally forgot to check in with the coronavirus czar before bragging about test availability.

Who is that? Mike Pence.

How Can Trump Be So Cool? Natural Ability!

  1. Trump "I Know So Much About the Coronavirus Because of Natural Ability"
  2. Tweets of the Day: More Trump Narcissism and Incompetence

Obama Flashback

“Look at Afghanistan, what a mess. Look at everything,” Trump said. “If we didn’t do anything with Iraq, if we never went there, if our presidents went to the beach, we’d be much better off. If they just went every single day to the beach and took it easy.”

Let Obama go to the golf course,” he added. “You know what? We’d be better off.

Relax.

We Have Perfect Coordination

"We have a perfectly coordinated and fine tuned plan at the White House for our attack on CoronaVirus. We moved VERY early to close borders to certain areas, which was a Godsend. V.P. is doing a great job. The Fake News Media is doing everything possible to make us look bad. Sad!"

Things are tuned so well that Trump is giving lessons on how to train tuning forks. No one else on the planet can possibly tune forks better than Trump.

Entire Yield Curve Crashes Below 1.0%

For the first time ever: Entire Yield Curve Crashes Below 1.0%

It's just what Trump wanted. Congratulations are in order.

Mike "Mish" Shedlock

Comments (64)
No. 1-24
Dr. Future
Dr. Future

Did anybody else see this?

Dr. Future
Dr. Future

Earlier went to my Fidelity account where I usually buy TIPs, and it has a message that it cannot sell TIPs at this time due to negative interest rates, and indeed none are available for sale. I just parked over $100K in an 11 month CD at 1.9% - I hope its safe.

Tengen
Tengen

I don't even blame Trump, I blame the American populace for turning higher office into pro wrestling writ large. People would rather have a blowhard than encounter unwanted honesty. I think the last POTUS who made even a feeble attempt to level with people was probably Carter. We don't like bad news, we won't hear of it, so this bravado is the natural progression over time.

Emperor Trump isn't wearing any more clothing than his predecessors. Like them, he is totally reliant on the Fed's ability to manage markets. Now that everyone sees this, can we finally agree that the Q-Anon movement is dead?

Realist
Realist

The worldwide response to the Coronavirus demonstrates: how poorly we humans learn from our past mistakes, how flawed our political systems are, how unprepared we are to deal with global problems, and how ignoring scientists is costing us dearly.

First: SARS, MERS, Ebola, etc showed us that we need to be better prepared to deal with these eventual outbreaks, which have the potential to inflict major damage to the human race. An October 2019 report indicated that the vast majority of countries have done very little in the last two decades to improve their ability to deal with a pandemic, other than talking. The US even abolished their unit on “global health security and biodefense” in 2018. The result of this lack of preparation is more human suffering than necessary and significant economic damage.

Second: the current state of politics in the US and elsewhere is tending to more populism and less co-operation. This attitude has caused governments to withhold information from each other, which has contributed to the rapid spread of this virus, catching many unaware and less prepared. Less cooperation is a big part of the problem.

Third: it is shocking how Trump is trying to downplay this issue; trying to control the message and pretend that everything is okay. He is still going to hold rallies. He wants everyone to go about their business as usual.He doesn’t want cruise ship passengers offloaded because they will “raise his numbers”. It’s just a flu. It will go away shortly. All he cares about is Trump and his re-election. How Americans voted in this narcissistic asshole is beyond belief.

Fourth: Scientists have been warning of the increased likelihood of these viruses, and the need to be better prepared for them. Politicians seem to be deaf to the science. In fact many politicians have become anti-science. Trump and many others in the GOP love to say scientists are all involved in hoaxes; Coronavirus, Global Warming, Vaccines etc. They don’t seem to be able to understand science, therefore it’s a hoax. Perhaps they will become more amenable to science now, as they beg scientists to come up with a vaccine quickly to deal with the Coronavirus. How ironic.

Many politicians deny or ignore the science, because the scientists usually talk about a coming problem that requires costly preventive measures. Sadly, the cost of prevention is usually far less than the cost of the eventual problem. We are about to see the economic cost of this virus. It is going to be much larger because we weren’t ready for it. Just like Global Warming.

Your friendly neighborhood Realist.

Carl_R
Carl_R

I commented last night that the US was following the EU control method. The US/EU approach seems to be to follow the scientists who say "It's just the flu". They believe that there is a massive pool of undetected cases, and that once the coronavirus arrives in the advanced countries of the West, we'll see that the real CFR is only .03%, just like the flu. Just like the flu, most cases are mild, and most people recover without medical care, while in rare cases, a few people will die. That's what the CDC website says, so it must be true.

The logical extension of this is that the market is over-reacting, and people are over-reacting. It's crazy to buy masks, and TP, and food. It's crazy to cancel meetings and events, and things will get back to normal fairly quickly.

Or... or maybe it's not the flu. Maybe there is a reason why the countries of Asia took dramatic action to try to stop it. We'll see soon enough.

KidHorn
KidHorn

Trump is doing what every politician is doing. Trying not to create panic. And things would be the same if Obama or Hillary were president. The only difference is the press would be praising them.

crazyworld
crazyworld

It is very severe in Northen Italy right now. Hospitals intensive care units are so overwhelmed that they declared that they must choice which patient will be treated (the youngest one) and will probably survive and which patient will be left alone to die (the old and or the weak) because there are not enough beds for pneumonia patients.

AshH
AshH

You clearly don't understand 4d chess.

Tony Bennett
Tony Bennett

The biggest news this year (outside of virus) was the announcement this weekend by Saudi Arabia to slash price on crude while ramping production. Look forward to more mushroom clouds.

crazyworld
crazyworld

This situation never encountered by the Italian hospitals when around 20 millions each year over a 3 months period are victim of the yearly flu epidemic already occur when perhaps 50.000 Italian are really infected. The official count is less than 10.000 but the death rate remain high and could rise again because severe cases are less and less hospitalized.
So to forecast a low death rate is only valid when the rate of infection is severely curbed by containment measures in order not to overwhelm the medical system of the country..

Zardoz
Zardoz

The stock market this morning show how much confidence people have in trump to do anything but brag, lie, and steal. His cultists will never waver though, but none of them have stocks (or all their teeth).

Ossqss
Ossqss

So tell us Mish, what would you do?

Casual_Observer
Casual_Observer

Trump administration botched this whole thing. Bolton fired the team on the NSC responsible for health related issues concerning national security.

tokidoki
tokidoki

Pride goes before the fall. "It's just a flu!!!"

#MakeAmericaSickAgain

Casual_Observer
Casual_Observer

Even if you are a fan boy of Trump there is no way around this total fucking disaster. South Korea and Italy have had better responses.

RonJ
RonJ

March 3, millions? in L.A. County used touch screen monitors to vote. March 4 L.A. County declared a state of emergency. March 8, the L.A. marathon was held. The L.A. Clippers and Lakers also had a game at the Staples Center. Today, people are going to work.

AWC
AWC

This too shall pass. Just give me a $25 handle on the oil and I’ll go all in, throw it in the drawer and look at it in a few years.

truthseeker
truthseeker

Long before we started getting hammered by the Coronavirus and now of course the collapse of crude last night, Mish has warned of a recession. One might say he has been warning for a long time yet just in the last 3 or 4 months economic growth has been slowing dramatically even as the Fed has been shoving hundreds of billions of dollars into the credit markets as liquidity keeps sliding, because I think the banks are once again loaded up with leveraged derivatives so the Fed will be once again forced to provide liquidity to keep our whole financial system from collapsing.

Runner Dan
Runner Dan

Ted Lieu - It was great watching Candace Owens chew out his butt for lying to Congress. I wouldn't be surprised if the Yeti-Lieu exchange was staged.

bradw2k
bradw2k

The non-linear math says that other countries are on the same trajectory as Italy. I get funny looks when saying I expect local schools will be closed in a few weeks. It's as if people don't believe that EVERY SCHOOL IN ITALY is closed. That can't happen here? How will it NOT happen here, when virtually nothing is being done to slow the spread inside the US now? ... One wonders if people are telling Trump this simple fact, or if they are afraid to tell dear leader what he doesn't want to hear.

Tony Bennett
Tony Bennett

Halliburton down 37% ... there is a shred of justice ...

Casual_Observer
Casual_Observer

By the way, that booming economy in Texas going to have a crash of historic proportions because most of the growth was disproportionately based on oil.

Six000mileyear
Six000mileyear

I'm surprised a picture of Alfred E. Newman wasn't placed right next to Trump under the title, "What? Me worry?" It's part of classic American cultural.

121263
121263

DO NOT TRUST THE Government!! My wife and I lived 9 blocks from the WTC. We where assured by Christine Todd Whitman at the time the head of the EPA that the dust and air where safe. My wife has stage 4 cancer caused by 9-11 and I have certified diseases also.
As with China the USA will completely lie in a crisis!!