WHO Declares Pandemic and Trump Classifies Coronavirus Info

Mish

The World Health Organization finally admitted the obvious today.

The WHO finally admitted what any person with common sense knew long ago: Coronavirus is Pandemic.

Key Points

  1. “The bottom line: It is going to get worse,” Dr. Anthony S. Fauci, the director of the National Institute of Allergy and Infectious Diseases, told the House Oversight Committee. “We would recommend that there not be large crowds,” he added. “If that means not having any people in the audience as the N.B.A. plays, so be it.”
  2. “Given a virus for which there is no immunity and no immunization, we have to understand that many people will be infected. The consensus among experts is that 60 to 70 percent of the population will be infected,” said German Chancellor Angel Merkel. Major events, including all large cultural performances in Berlin, Munich and elsewhere, such as many soccer games, have either been canceled or will take place without spectators. “How we respond matters,” Ms. Merkel said. “We are playing for time.”
  3. President Trump has signaled that he will consider ways to stimulate the economy. Options include cutting payroll taxes and extending the American tax filing deadline past April 15. But so far, the White House has yet to announce any specific measures, and most experts say a payroll tax cut is not an effective way to combat the problems facing the economy.

Trump Responds With Blackout

The White House has ordered federal health officials to treat top-level coronavirus meetings as classified, an unusual step that has restricted information and hampered the U.S. government’s response to the contagion, according to four Trump administration officials.

“We had some very critical people who did not have security clearances who could not go,” one official said. “These should not be classified meetings. It was unnecessary.”

A spokeswoman for the HHS, Katherine McKeogh, issued a statement that did not address questions about classified meetings.

Mish Translation

Trump is frightened and clueless given his earlier comments downplaying the virus.

Meanwhile 75% of Companies Suffer From Coronavirus Supply Chain Disruptions.

Mike "Mish" Shedlock

Comments (63)
No. 1-27
mkestrel
mkestrel

Trump was attempting to down play the impact of the virus to avoid economic impact. Unfortunately that was a bad decision

lol
lol

Trump will use it as cover like Maduro for martial law and cancel "elections" indefinetly,as it stands now the permanently collapsed economy can't really get much worse,virus or no virus,but if big govt collapses,then the Trump junta has an excuse to seize power.

KidHorn
KidHorn

Part of being a good leader is knowing when to defer to others. Trump should shut up and let the medical professionals handle things. Give them whatever they want.

Ted R
Ted R

I hope he doesn't try to 'bail out' the oil and gas company's.

Zardoz
Zardoz

Trumplings! I give you, The Most Transparent Administration in History!

DBG8489
DBG8489

Classified the meetings...?

One sure-fire way to have people flip the hell out is get caught hiding things. Especially at a time like this. Why even try to do it? You know someone will out you - and no explanation you give is going to make it look okay. In fact, I would say that there is no better way to start a fear-based panic than to have people find out that you could be hiding information that might be vital to the survival of themselves or their loved ones.

I have long held that most (if not all) of those in positions of power in this country (including federal, state, and local) today got there through graft and corruption and not because they were the best choices.

Sadly, their collective performance during this particular event has been on par for that belief.

Tony Bennett
Tony Bennett

"Trump is frightened"

As well he should. His age right in virus's wheelhouse + he is a germaphobe.

Sechel
Sechel

b-tranche of those pandemic bonds has been wiped out.

Sechel
Sechel

classifying response plans just means trump isn't being transparent. he's worried about his political risk but is reacting is losing the public confidence.

bradw2k
bradw2k

Leaders should be stressing one thing: the importance of flattening the outbreak curve, so that you don't end up knowing someone (or being someone) who couldn't get into the ICU when needed. Would that be too hard for POTUS to say?

Carl_R
Carl_R

Fake News! It's just the flu.
...
or not.

What Trump doesn't realize is that he's trying to push on a string. You can't stimulate the economy in this situation with rate cuts, etc. The problem is that, once they stock up, and hunker down, Americans won't be spending. They are afraid they will be quarantined and have no paycheck. Travel is dead already, and places that are usually crowded, such as restaurants and bars will probably be right behind them. Retail will follow - if you aren't going out, who needs new clothes? Cleaners, hair salons, nail salons, etc, are optional, especially if you aren't leaving home. And as those small businesses get crushed, the employees there won't have any money to spend, and the circle goes around again. That's the spiraling deflationary cycle.

The only way to reverse it is to get through it, and let the weak businesses fail, and so the stronger ones can survive and grow. Trying to keep the weak businesses alive keeps the strong ones weak and will lead to an anemic recovery. A program to defer mortgage payments, and similar things that boost the confidence of end consumers is about as much as you can do.

In the 1930s we saw what didn't work, but that was a long time ago. We should try them again, and see if they work better this time. I know! A rate cut. That's the answer. Maybe?

abend237-04
abend237-04

This is not a Trump problem; There will not be a Trump fix, but I've seen enough to confidently make the following predictions:

1.Six months from now, surviving world "leaders" will have moved on to far more effective vote-getters than personally backing an ongoing Manhattan Project-scale effort to develop an early warning system for potential pandemics.

2.There will be more pandemics, finding humanity equally unprepared.

Zardoz
Zardoz

So this is how Trump is bolstering the confidence of the nation:

"Vanity Fair Magazine, which will soon be out of business, and their third rate Fake reporters, who make up sources which don't exist, wrote yet another phony & boring hit piece. The facts are just the opposite. Our team is doing a great job with CoronaVirus!"

Glad to see he's got time to take on the liberal media in this time of crisis! What if his public image were damaged? We would surely be lost!

Sechel
Sechel

another press conference was cancelled. transparency is falling by the way-side

aqualech
aqualech

I think that there could be some community quarantines. With that in mind, what are some nice things to have a couple of extra of around the house? I was just pondering how I really like Rice-a-roni. Go ahead, laugh. I like it. Salza on frozen veggies. Gotta get some extra jars of that Safeway Smoked Chipotle before it's too late. And not just any beans, it's going to be those original Boston Baked Beans and maybe those chili beans with the medium heat chili sauce. Have you had those on Wheat Thins? Oh, and maybe a case of box-o-wine.

RonJ
RonJ

"Trump is frightened and clueless given his earlier comments downplaying the virus."

Morrison was in on the phone call and said there was no issue with it, but was concerned about the possibility of abuse of it by other parties. Rightfully so, as Trump was impeached by a political party that now supports Quid Pro Quo for president. Thank Democrats for any need to classify briefings.

L.A. County Democrats down played the virus, allowing possibly millions to use touch screens to vote in the March 3 primary and waiting to the next day to declare a state of emergency. They then allowed the marathon and NBA basketball game to go on, all of which could have caused community spread.

Rbm
Rbm

Hes looking at russia. Putins doing it

abend237-04
abend237-04

Meanwhile, back at the problem:

There needs to be Exascale compute power brought to bear on viral epigenetic shift detection and prediction. It could be done if the 3.5 billion web-accessible smartphones sitting idle every night at 3:00 a.m., local time, were loaded with an app and algorithms and centrally triggered with an outbound stride-load of each phone's preloaded, unique, say, 1K matrix of viral real estate.

A simple matrix roll, testing for fit of most recently detected viral antigen mutation(s), could then provide a Dewline equivalent, (Distant Early Warning) alert for escalation and subsequent follow up. Numerous supercomputers could then be brought to bear on a tractable problem to determine whether it's a 'don't care' or Oh Damn! situation. Right now, it's intractable.

Over?

Augustthegreat
Augustthegreat

For those who “have proudly voted for Trump and would proudly vote for him again”, you deserve what you get now, while bringing down everybody else with you too!

billybobjr
billybobjr

I can think of a bunch of reasons to classify high level meeting after all the leaks and political crap that has gone on . How about this is a bio weapon that got loose, not saying it is but that would be one . Also Dem governors declaring state of emergency like Cooper in N.C. with only 2 cases confirmed . This gives the governors a lot of power to move funds around as they see fit lets track where the money gets moved and who benefits . If Trump declares state of emergency nation wide he gets lots of power also and the Dems won't like it . Remember y2k and ebola the world was going to end but didn't . One thing is for sure nearly all the deaths will be recorded as being caused by the virus but only some people will be recorded infected many will never be tested so my guess is the ratio is skewed way to the high side . Unfortunatley everything is political now see Mish columns

Zardoz
Zardoz

I bet in 9 months we figure out it's made everybody sterile.

billybobjr
billybobjr

Trump will address nation at 9:00 PM whether he announces Martial law , State of emergency or does nothing the Trump haters and Mish won't like it . Everything is political even with many lives at stake that is the sad state of America . This goes for both sides

abend237-04
abend237-04

The Donald's overweening megalomania disgusts me, but to his everlasting credit, his stopping the inbound China air traffic on Jan. 31st. has doubtlessly saved tens of thousands of American lives. Had he not, we'd be in exactly the same sad shape as poor Italy, so I won't be found in the long line of those awaiting their chance to piss on Trump.

Zardoz
Zardoz

“To ensure that working Americans who are impacted by the virus can say home without fear of financial hardship, I will soon be taking emergency action, which is unprecedented, to provide financial relief. This will be targeted for workers who are ill, quarantined or caring for others due to coronavirus. I will be asking Congress to take legislative action to extend this relief,” Trump said.

SOCIALISM!!!!! REEEEEEEEEEEEEE!

Carl_R
Carl_R

The one thing we know for sure is that in times of crisis, you keep people from panic by being open and honest with them. If you hid things, people are scared and panic. Given that that is common knowledge, the fact that he classified the information even has me scared. I can't think of anything that could be bad enough to justify that.

mrutkaus
mrutkaus

I bet secrecy has a lot to do with his need to appear in control. If he is portrayed as acceding authority to someone who knows more/can make a better decision than he can, the carefully crafted image shatters.


Global Economics

FEATURED
COMMUNITY