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Tuesday Already – Kicking off a Short Week

4,070,034.

That's how many Americans have gotten Covid-19 in the past 28 days.  Aside from being 1.3% of our population in less than a month, it's even more impressive when you compare it to India, which has 4 times the number of people we do and just 1/4 the number of cases – and India is considered a Global catastrophe!  How do we do it?  How do we manage to ignore this crisis?

Are we bored with it?  Is it just background noise now?  This week, the rest of the kids will be going back to school and we already know school openings led to a massive surge in infections in the South – so we're going ahead and opening them in the North as well.  Clearly the Government has decided that we're all going to get infected anyway and they've just thrown up their hands (in the air like they just don't care) at this point.

On the bright side, only a little over 1,000 people a day are actually dying of Covid – so there's no sense in dwelling on it, is there?  

Unfortunately it's a slow data week, so there won't be much else to focus on.  We're scraping the bottom of the barrel on earnings reports and the most exciting bit of Economic Data we have coming out this week is the Beige Book tomorrow.  Loretta Mester is spaking for the Fed on Friday morning but nothing else is even scheduled so we are pretty much on our in in what's bound to be a very low-volume trading week.  

Image

In more exciting news, today is the day that Fiat Currency dies as El Salvador officially makes BitCoin its National Currency.  The tiny and impoverished Central American nation became the first country in the world to adopt bitcoin as legal tender on Tuesday, allowing Salvadorans to use the cryptocurrency to buy a cup of coffee, get a haircut or even pay taxes and home loans.  The government is rolling out a network of 200 bitcoin ATMs and building a chain of stylish, Chivo (wallet)-brand kiosks with staff who will introduce consumers to bitcoin at plazas around the country

The stakes are high for an indebted country of 6.5 million. Economists say that bitcoin’s sharp fluctuations risk denting tax revenue and foreign currency reserves of a government that has neither the policy tools nor the financial firepower to contain a speculative attack.  “The government is betting more than $200 million in a virtual casino, and that’s taxpayer money,” said Ricardo Castañeda, senior economist at the Central American Institute for Fiscal Studies, a think tank.

If things go well in El Salvadore, however, it may lead other countries to start adapting Bitcoin and that, in turn, could destabilize Fiat Currencies and lead to their downfall – wouldn't that be fun to watch?!?

Speaking of Fiats: The European Central Bank will decide this week if it should dare to dial down emergency stimulus while the pandemic still menaces the euro-zone economy.  Elsewhere, at least eight other central banks globally are due to deliver monetary decisions, including Australia and Canada. While most are likely to keep their stance unchanged, Russia and Ukraine could deliver interest-rate increases.

relates to ECB Dares to Ask If Crisis Stimulus Can Be Pared Back: Eco Week

Unlike our Fed, the ECB has very tight inflation targets and are more likely to take action to keep inflation closer to 2%, meanwhile, in Central and South America, inflation is miles over their targets and there is growing pressure to do something about it (Bitcoin maybe?) before those countries go back to the heavy inflation that caused the crisis that led to Donald Trump demanding a wall to keep economically displaced people from fleeing north to the US.

In the US, we pretend there isn't very much inflation – that way we don't have to do anything about it – like Corona!

 


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  1. One in 5,000

    The C.D.C. reported a terrifying fact in July: Vaccinated people with the Delta variant of the Covid virus carried roughly the same viral load in their noses and throats as unvaccinated people.

    The news seemed to suggest that even the vaccinated were highly vulnerable to getting infected and passing the virus to others. Sure enough, stories about vaccinated people getting Covid — so-called breakthrough infections — were all around this summer: at a party in Provincetown, Mass.; among the Chicago Cubs; on Capitol Hill. Delta seemed as if it might be changing everything.

    In recent weeks, however, more data has become available, and it suggests that the true picture is less alarming. Yes, Delta has increased the chances of getting Covid for almost everyone. But if you’re vaccinated, a Covid infection is still uncommon, and those high viral loads are not as worrisome as they initially sounded.

    How small are the chances of the average vaccinated American contracting Covid? Probably about one in 5,000 per day, and even lower for people who take precautions or live in a highly vaccinated community.

    Or maybe one in 10,000

    The estimates here are based on statistics from three places that have reported detailed data on Covid infections by vaccination status: Utah; Virginia; and King County, which includes Seattle, in Washington state. All three are consistent with the idea that about one in 5,000 vaccinated Americans have tested positive for Covid each day in recent weeks.

    The chances are surely higher in the places with the worst Covid outbreaks, like the Southeast. And in places with many fewer cases — like the Northeast, as well as the Chicago, Los Angeles and San Francisco areas — the chances are lower, probably less than 1 in 10,000. That’s what the Seattle data shows, for example. (These numbers don’t include undiagnosed cases, which are often so mild that people do not notice them and do not pass the virus to anyone else.)

    Here’s one way to think about a one-in-10,000 daily chance: It would take more than three months for the combined risk to reach just 1 percent.

    “There’s been a lot of miscommunication about what the risks really are to vaccinated people, and how vaccinated people should be thinking about their lives,” as Dr. Ashish Jha of Brown University told my colleague Tara Parker-Pope. (I recommend Tara’s recent Q. and A. on breakthrough infections.)

    For the unvaccinated, of course, the chances of infection are far higher, as Dr. Jeffrey Duchin, the top public-health official in Seattle, has noted. Those chances have also risen much more since Delta began spreading:

    Source: Washington State Department of Health

    Another way to understand the situation is to compare each state’s vaccination rate with its recent daily Covid infection rate. The infection rates in the least vaccinated states are about four times as high as in the most vaccinated states:

    Data as of Sept. 2; cases are the 7-day daily average.The New York Times

    If the entire country had received shots at the same rate as the Northeast or California, the current Delta wave would be a small fraction of its current size. Delta is a problem. Vaccine hesitancy is a bigger problem.


  2. 1 in 5,000  - could not include graphs with above article….  but it's on Bloomberg in free Covid area) 


  3. Batman- I will have to dispute those numbers. We are in a low populated county and the spread is far higher than 1 in 5000. The VACCinated person who spread the, we presume the Delta variant to dozens of people at a event in a small town 7 miles from us has died. She has infected 5-10 that we know of so possibly, like you say, many more with with lighter symptoms. Anyways, it is never mentioned that those who have "natural immunity" ie those who have the antibodies without being vaccinated proven by a blood test who have survived so far, IF those antibodies are different from the those who are immunized by vaccines. I find that interesting. If you want the scoop on vaccines round up a copy of Smithsonian magazine titled A VACCINE FOR ALL SEASONS dated Nov 2017. The cover says the next pandemic 1918/2018. It is truly eye opening. They got a specimen of the 1918 soldier's virus that was saved and studied it so know a whole lot more than we are being told. I don't trust a thing that this government is saying about any of this anymore. With the drug company's it's all about money, period.


  4. ….and beware of the MU… could be a nasty one…


  5. My 20 year old vaccinated (Moderna) cousin got the virus – she is in school in Virginia, and 55 out of 80 people in her class have tested positive.


  6. Who you gonna trust, pirate? The messaging from the government is a mess for sure, but that does not mean it's all BS….

     

    You self diagnose and have not had the shot. Might as well vacation in texas….


  7. Good morning!

    1/5,000/Batman – Well that is "per day" so, with 365 days in a year, that's more like 1/100 overall for you to catch Covid this year.  It's not a nice number – especially as there's then another 1/100 chance you die from it.  And that's with people not at work/school – transmission will pick up but yes, they can't stop it and vaccines don't stop it so we either live in permanent lock-down or we learn to live with the virus (those of us who do).  

    Testing positive/RN – Yes, the vaccine doesn't stop you from getting it, just allows your body to fight it off better when you do.  People's immune systems are either trainable or not – depending on health, diet, genetics, etc, so there's bound to be "breakthrough" cases among the vaccinated and the spread is going to be like the flu – at least – whether people are vaccinated or not.  I'm very convinced the Government has decided to just roll with the inevitable and see what happens when everyone is infected.  


  8. Pirate / 1 / 5000 – The article has graph in it ( which did not transfer above) which indicates shows areas with high vaccination rates and low vaccination rates and shows the number being being lower)  there are a high number of cases that go unreported BC they have no symptoms ( and are also not transmitting at a high rate)…..    here is the link to original article in the NY times.  

    https://www.nytimes.com/2021/09/07/briefing/risk-breakthrough-infections-delta.html


  9. Phil – Inevitable?  Death is inevitable…. Giving up to see what happens? Irresponsible.


  10. Obviously, there is no rabbit hole that I would ever enter… :)


  11. Pirate /. in CA we have counties approaching 85 % vaccination rates and new have cases running  at low double digits in Santa Clara and SF as an example….  rates for Santa Clara with 3 million people are less than 100 / day ( much less) and SF is the same with about 800K pop.  even with this we still wear masks in doors everywhere….  in SF you cannot go indoors with out being vaccinated period.  …  BTW  or 97+ percent of new infections  are unvaccinated….

    as an aside note….  I wend to a 3 day concert in NAPA this weekend where you needed vaccination or a negative test to get in – this was Bottle Rock all outdoors…..   they reported 96% of attendees fully vaccinated…..   I look to see what the infection rate   BTW I still wore masks in VIP tents just to be safe….. 


  12. Phil / I in 5K – numbers reported based on 7 day avg…. 


  13. Like so much in our capitalist society, corporations, not governments, will drive global vaccination.  I think you just have to follow the money.  They are figuring out that they can't sell products and services to people that are sick and die.  It's the same reason so many corporations on signing up for "carbon neutral" by 2050 (woo-hoo!).  Companies can't sell their products and services to people that have been displaced by rising ocean levels. 

    Corporations also don't want their medical premiums to rise…another reason to keep people healthy.  

    I wonder how much more solvent Social Security and Medicare has become now with all of the old people deaths?  Payments overall must surely be down, right?  Maybe that's a reason for the government not to push vaccination?


  14. BuckeyeMag-Oh they push vaccinations for sure.  I have never heard that the vaccines "are only to help you survive the attack so the symptoms are lessened." That's the same as the pneumonia  vaccine then. Batman-I have the antibodies already in my blood which has been proven. I have never had any flu shot ever because I am highly allergic. No one can answer simple questions re is the vaccine changing my natural antibodies, or replacing it. It's the questions that are never answered which I am sure they know the answers too that drive you crazy. I know many people who have the natural antibodies and are not getting the vaccines as it is redundant. They and I feel better protected than you. We do wear masks and take all precautions. It doesn't mean we are idiots.


  15. I agree, Buckeye, although, if there are healthy people, who can pay the taxes, the government may pay to improve infrastructure, therefore helping those companies to make more money…. Hmmm, sounds suspicious to me…. ;)


  16. Inevitable/1020 – We make these decisions all the time.  People die in cars, on planes, etc and we could stop them all but there's an economic and quality of life cost to it that makes it worth the "sacrifices" we endure to live our lives a certain way..  Although it doesn't seem like it lately, the Government has a limited amount of funds to fight Covid with and shutting down the economy limits those funds further so policy makers have to look at the reality of the situation and say "We can't eradicate Covid and X people will die if we do this and Y people if we do that" – and then they weigh that out with how many people will suffer from the various solutions (lost wages, lost education, quality of life) and they find a point on the curve that is optimized. 

    In this case, the actions of Governments around the World indicates to me that they can't stop Covid (but they won't say so as it will induce panic) so the best they can do (which has been true from day one) is "flatten the curve" – which simply means spread out the timeline for the infections so that our hospital system isn't overwhelmed and then do the best they can to minimize the death rate.  That's where we are now.

    Just like every car could be 100% safer if they spent $20,000 more on safety features and that would maybe cut 36,000 auto deaths down to 18,000 but would increase the price of 17M cars by $340Bn and $20M per life is just too much money to spend.  So there obviously is a magic number and that number happens to be right about $1M per life – that's generally the line businesses get to when determining the value of saving lives and that's also the average award in a wrongful death settlement – which is based on similar equations.  

    I know it's cold and distasteful and awful but it's also true – those decisions are made every day and we let a certain amount of people die over many things because it's too expensive to fix otherwise.  Covid is another one of those things – it's not going to be "cured" – we just have to do our best to minimize the deaths without destroying the economy.

    Note that I did not feel this way last year but the evidence I've seen since has led me to believe that "THEY" have found no way to fix this problem, other than mitigating the damage.

    Killing the old/Buckeye- That is dark.  So far, it's not actually helping:

    A New Report Says The COVID Recession Has Pushed Social Security Insolvency Up A Year

    I think replacing all public staircases and escalators with Slip N Slides is the way to go!  


  17. Anyways, the article I related to earlier says the drug company's knew they could develop a vaccine that would wipe out all the flu virus's  precluding any pandemics. How long ago? since early 2005. Why wasn't it done? There was no economic reason to since every year they shoot people with vaccines that maybe 5% effective (since the virus has already mutated) and have a steady stream of income and the NIH knew and could have initiated it themselves, but of course they didn't since they and the politicians have a strangle hold on all of us. I've always been a skeptic about the medical establishment in this country once Congress voted to make sure drug companies  HAVE NO LIABILITY and can't be sued. No vested interest there, right? 


  18. Inevitable/Phil – I agree. Every decision we make can have an undesired outcome. I do not want another shutdown and I don't believe we'll have one.

    If we can have the confidence that all that can take the shot, do and we all wear masks, that we can get back to a new normal and the virus, limited as it would be, could be looked at like any other unfortunate illness.

     

    And yes, I do spend the extra bucks on my car safety. It helps protect me from you and you from me… :)




  19. Maybe it's just me, but the technology that helped create the covid vaccine, gives me a little more confidence than the 'technology that uses an egg….


  20. Hi Guys no stock talk today! I have been closing some AAPL leap BCS which were 98% ripe. I have been selling some ABBV Jun 22 100 puts for 6.85. Trying as well for 7.00.  Looking to sell some AMGN Jan 22 200 puts for 5.00. Just something to wake you up. 

    Corona my thoughts just get vaccinated and you might have a better chance!


  21. For my div plays buying some stock FFIC for about now 22.60 and selling the Feb 22.5/20 strangle for about 3.40. But they dropped it to 2.90 now. So hard to fill.


  22. I'm basically selling everything. Ugly winter is the prediction. Already have AAPL GME GLOB QQQ puts. Crypto next. Already sold GBTC LTCN ETCG BCHG today. Ugly crypto correction this morning (sorry ElSal). Unregulated exchanges were all down. ETH hit 3005 on Gemini. Rebounding now, but not a believably so IMO. Latest run up part of a long-term double top anyhow.

    I'm usually wrong though, I've noticed. 


  23. RN / vaxx'd cousin-

    Do you know if her school required masks or not?  I'm thinking that vaxx + mask is pretty covid-proof but I have not found any information to prove or disprove.  Thx!

    (sorry for late follow up, was out this morning :) )


  24. Masks are required on campus, but not in dorms or housing. Vaccines are required except for the medical/religious exemption. Most of the folks she knows who have been infected are all vaccinated. 


  25. ETH sold @ 3484. I'm out cold.


  26. short short version of covid:

    In 2020 it was much nastier than the flu. Vaccines have made it about as bad as the flu. For now.


  27. New fiat/Phil & BDC – is it still the case that crypto mining uses a lot of electricity, or am I a dinosaur? Not so good for global warming if true and bitcoin becomes a new fiat. (I might be a dinosaur in any case, freely admitted).


  28. Extra bucks/1020 – Me too but that's the problem, not everyone's kids get to drive around in "safer" cars.   Why not mandate the safety if it's available?  Why not inspect buildings daily?  At least weekly?  How many lives are lost by not inspecting more regularly so why don't we do it?  Same with food – shouldn't we inspect every package?  That would be expensive but how expensive?  More than our lives are worth, apparently….

    These decisions are made for us every day and, only once in a while, it's right in your face like how many people will we let die of Covid?  How many spikes are "adequate" on a railroad track – that decision was made a long time ago and people only question things after they go wrong….

    Train in Iowa With Hazardous Materials Derails, Prompting Evacuation - The  New York Times

    Nasdaq green again – amazing! 

    Good thoughts, Yodi .  Just get vaccinated and your odds are better – stop worrying about other people.

    BitCoin getting hammered as El Salvadore rollout seems to be chaotic.  Such a ridiculous thing to base your investment premise on…

    • Bitcoin-related stocks slide, following a 9.0% drop in the world's biggest cryptocurrency by market cap, bringing bitcoin to ~$46.9K.
    • The most obvious drop comes from bitcoin miners: Bit Digital (BTBT -10.7%), Bitfarms (BITF -8.0%), Riot Blockchain (RIOT -8.7%), Marathon Digital (MARA -8.6%), Hut 8 Mining (HUT -7.2%). Others caught in the downdraft include Coinbase (COIN -3.8%), MicroStrategy (MSTR -7.0%), Grayscale Bitcoin Trust (OTC:GBTC -8.1%), and Osprey Bitcoin Trust (OTCPK:OBTC -9.8%).
    • Other major cryptos also swoon — ethereum (ETH-USD) declines 14%, Cardano (ADA-USD) falls 16%, XRP (XRP-USD) -19%, Binance Coin (BNB-USD) -19%.
    • The crypto decline comes as the subreddit community attempts to coordinate the purchase of bitcoin to show support for El Salvador's adoption of bitcoin as legal tender becomes effective today.
    • El Salvador President Nayib Bukele buys the dip. "150 new coins added," he says via tweet.
    • Last month, Bitcoin futures ETFs are getting crowded as AdvisorShares joins with an SEC filing

    Great summary BDC!

    • Toyota Motor Corporation (TM +0.8%) says it expects to spend more than $13.5B by 2030 to develop batteries and a battery supply system as it looks to offer all-electric versions across its model lineup next year.
    • With the huge investment, the Japanese automaker aims to reduce the cost of its batteries by 30% or more by working on the materials used and also improve power consumption.
    • In an initiative that sets it apart, Toyota is also leading the charge to mass produce solid-state batteries, which is called a potential game changer for automakers because they are "more energy dense, charge faster and are less prone to catching fire." The solid-state batteries could also be used for hybrid electric vehicles such as the Prius.
    • One of the pure play bets on solid-state batteries is QuantumScape (QS -1.9%). The stock is called a low-risk/high-reward investment by Seeking Alpha author Sandis Weil.
    • Intel (NASDAQ:INTC) plans to invest up to $95 billion to build semiconductor production facilities in Europe, another step in the company's plan to become a global foundry player amid the chip shortage.
    • Intel plans for two chip factories at a new European site and could expand it further up to an 80 billion euro investment over about a decade, according to comments from Chief Executive Pat Gelsinger at an auto industry event, via Wall Street Journal.
    • The company will commit chip manufacturing capacity at an Ireland factory to automotive chips, which use an older process technology than consumer electronics.
    • Intel has been meeting with potential chip customers in Europe for months, offering capacity at a time production slots are short at industry giant TSMC.
    • In March, Intel announced plans to invest $20 billion on new chip facilities in the U.S. to become a global foundry giant competing with industry titans TSMC and Samsung. 
    • In July, the company unveiled its new semiconductor process and packaging technology roadmaps, which was largely shrugged off by analysts. 
    • XPeng Inc. (XPEV +5.1%) unveiled a smart robot unicorn for children on Twitter yesterday. XPeng Robotics, part of the Xpeng ecosystem, hopes to build robots based on the electric vehicle startup's technology.
    • The rideable four-legged robot, named Little White Dragon, is furnished with autonomous movement, obstacle detection, face and voice recognition, and can express emotions through its face screen. It was also shown with an attachable basket that allows it to be easily loaded with groceries or other items.
    • "Banking on our capabilities in autonomous driving, voice recognition and smart manufacturing, Xpeng will move into the robotics field by making the most of the technologies we grasp,” said Xpeng CEO He Xiaopeng, who owns 65.1% of Xpeng Robotics.
    • Xpeng Robotics did not reveal a production timeline for the product.
    • The market reacted positively to the news which comes after Tesla revealed a humanoid robot at its AI day last month.
    • While the creation of new jobs in August disappointed many investors, workers are gaining more confidence in their employment prospects, according to the New York Fed's July 2021 SCE Labor Market Survey.
    • Employment, overall, was up from a year ago, and expectations for receiving a job offer and average expected wage offer both increased.
    • Among those who were employed four months earlier, 91.8% were still employed in July 2021. That's up from 84.5% in July 2020, the survey said. The increase was a result of fewer transitions into unemployment — to 0.4% from 10.5% in July 2020, with the decline spread across age, education, and income groups.
    • Meanwhile, employer-to-employer transitions increased to 5.9% from 4.4% during the same period, with the increase most pronounced for those with household incomes of less than $60K.
    • The proportion of individuals who reported searching for a job in the past four weeks rose to 24.0% from 19.6%, primarily driven by respondents without a college degree and those with household incomes of less than $60K.
    • Some 18.7% of respondents reported getting at least one job offer in the past four months, up from 13.5% a year earlier.
    • Expectations regarding job transitions also improved. The expected likelihood of moving into unemployment declined to 2.5% in July 2021 from 3.7% a year earlier; the average expected likelihood of moving to a new employer rose to 10.3% from 8.6%.
    • Conditional on expecting an offer, the average expected annual salary of job offers in the next four months increased to $57.2K from $54.6K in July 2020.
    • The average reservation wage — the lowest wage respondents would be willing to accept for a new job — jumped to $68.9K in July 2021 from $64.2K a year earlier. the series recorded its highest reading of $71.4K in March 2021, then slightly retreated in July 2021.
    • Last week, Nonfarm payrolls rose by just 235K in August, well shy of forecasts
    • Cinema stocks are rolling today after the latest Marvel superhero film shook up a traditionally slow weekend at theaters. Shang-Chi and the Legend of the Ten Rings (DIS -0.1%) broke Labor Day records, drawing $75.5 million over three days and $90 million domestically for the four-day holiday period.
    • The film had been tabbed with high expectations for a $45 million-$50 million opening, but Thursday previews pointed to enthusiasm for more.
    • And the $75.5 million three-day total is second only to fellow Marvel film Black Widow ($80 million) in the pandemic era, passing F9's (CMCSA -1.4%) $70 million and A Quiet Place Part II's (VIAC +0.6%VIACA +0.9%) $48 million.
    • Shang-Chi added another $56.2 million internationally to mark a first-weekend worldwide gross of $146.2 million.
    • Looking at the four-day domestic total, it took oxygen from Free Guy (DIS -0.1%), with $11.2 million; Candyman (CMCSA -1.4%/OTC:MGMB), with $10.6 million; Jungle Cruise (DIS -0.1%), with $5.2 million; and PAW Patrol: The Movie (VIAC +0.6%, VIACA +0.9%), with $4 million.
    • The box-office splash was welcome news for theater stocks. High-attention theater name AMC Entertainment (NYSE:AMC) has jumped 6% after unsurprisingly reporting its own record Labor Day weekend attendance.
    • It's the first time since its widespread reopening that a weekend has topped its 2019 equivalent for the company. More than 2 million viewers watched films at AMC's U.S. theaters over the weekend, and about 800,000 in the Europe and Middle East.
    • IMAX (IMAX +2.5%) posted its best-ever September weekend, with $13.6 million for Shang-Chi globally.
    • It drew $8.5 million in the U.S., about 9.4% of the film's domestic box office, and a per-screen average of more than $21,000.
    • Cinema tickers: (AMC +5.7%); Cineworld (OTCPK:CNNWF +2.7%); Cinemark (CNK +4.1%); (IMAX +2.5%); Marcus (MCS -0.2%); Reading International (RDI +4.4%); Cineplex (OTCPK:CPXGF +2.7%); National CineMedia (NCMI +3.5%).
    • Impossible Foods (IMPF) began selling its meatless chicken nuggets in restaurants and aism to have the new meat alternative product in grocery stores by the end of the month.
    • The company seems confident that consumers will like Impossible Chicken Nuggets Made From Plants, noting that in a blind taste test of the nuggets for restaurants, seven out of 10 consumers preferred them to animal-based chicken nuggets from a leading brand. The new product scored higher in liking in every category, including flavor, texture and overall appearance.
    • Impossible Foods' meatless nuggets use soy as the protein source, but do not contain heme, which is produced from genetically modified yeast. Impossible Chicken Nuggets are said to feature a "golden, crispy breadcrumb coating, a juicy and springy white meat texture and a savory chicken flavor" while containing 40% less saturated fat and 25% less sodium than animal chicken nuggets.
    • The new product is of particular interest to Beyond Meat (NASDAQ:BYND), Pilgrim's Pride (NASDAQ:PPC) and Tyson Foods (NYSE:TSN).
    • Last month, Impossible Foods began selling meatless sausage in grocery stores.

  29. Biden's first winter: If he manages to strangle his Presidency as bad as he's been doing, the market could finally manage its 50% correction. The only "positive" market force is inflation (creating money from debt) due to unfunded social spending, now thrown around lie $1T here $1T there, after awhile you're talking about a lot of money. Not that anyone knows what this human myth called "money" actually is. I'm worried we might actually find out though.

    Throw in Climate change destroying the world, SCOTUS-approved Sharia Law in Texas and look out. Vigilante anger from the cultish, psychopathic right. Look out.


  30. Crypto/Snow – Regular money is electronic too.  Never saw comparison numbers.  I'm very confident in fusion down the road so anything we can make that requires only electricity doesn't bother me much.  


  31. Phil, here's some footage of a "weekly inspection" in NJ.


  32. Snow/bitcoin - I was thinking with bitcoin it needs cheap power which is already solar by far. So lot's and lot's of new solar power comes online to service bitcoin (now about 1% of global power needs). However, bitcoin, which is kind of the "dinosaur" here, is getting dethroned by proof-of-stake (e.g. Ethereum) and proof-of-authority and other consensus mechanisms that are not power-intensive. Bitcoin and other proof-of-work declines because they aren't as efficient. Now there's lots of renewable power that we needed anyway that came online and accelerates the transition away from cola/gas which still account for ~65% of power production.

    El Salvadore should probably be doing a basket of cryptos and not just one. Super risky!


  33. Crypto/Phil & BDC – thanks, guys – educational.


  34. Inspections/BDC – At least they show up…

    See, here's how you get people to use BitCoin:

    A soldier stands guard while people ask for information about the use of Bitcoin, outside an ATM of Chivo wallet, a Bitcoin wallet that Salvadoran government is launching for the use of Bitcoin as a legal tender, in San Salvador, El Salvador, September 7, 2021. REUTERS/Jose Cabezas


  35. Hi Private Investor,

    Is this article in the Smithsonian you are talking about? https://www.smithsonianmag.com/science-nature/stop-lethal-virus-180965217/  Or this? https://www.smithsonianmag.com/science-nature/united-states-not-ready-another-flu-pandemic-180967177/

    If not, could you post the link? From my quick reading of the articles which I did find, there is no universal flu vaccine yet, one is theoretically a possibility, but there are hurdles to producing one that haven't been solved. 

    (Regarding this, "Anyways, the article I related to earlier says the drug company's knew they could develop a vaccine that would wipe out all the flu virus's  precluding any pandemics. How long ago? since early 2005. Why wasn't it done? There was no economic reason to since every year they shoot people with vaccines that maybe 5% effective (since the virus has already mutated) and have a steady stream of income and the NIH knew and could have initiated it themselves, but of course they didn't since they and the politicians have a strangle hold on all of us," I didn't find that article. Seems to me that if a company came up with a flu vaccine that covered more flu strains, they would win market share so they would move forward on their product.)

    You wrote, "Anyways, it is never mentioned that those who have "natural immunity" ie those who have the antibodies without being vaccinated proven by a blood test who have survived so far, IF those antibodies are different from the those who are immunized by vaccines…"

    I don't understand, could you post a link to the findings?

    You wrote, "They got a specimen of the 1918 soldier's virus that was saved and studied it so know a whole lot more than we are being told."

    Who's "they" and why do you think "they" know than we are being told? My understanding is that scientists have been studying flu viruses for decades and data is not being hidden away. 

    I agree drug companies want to make money, but do not agree that there is anything sinister about that. Vaccines are not big money makers for the drug companies, and governments are paying for the vaccines. If people were able to sue the vaccine makers, they would have to increase the costs significantly, or they might not continue to produce them. For example: https://www.findlaw.com/healthcare/patient-rights/can-i-sue-vaccine-manufacturers-.html?

    ****

    "Why Can't Drug Companies Be Sued for Vaccine Injuries?

    When most drugs cause harm, the pharmaceutical companies that make them can be sued in product liability lawsuits. But that isn't the case with vaccines. In 1986, Congress passed a law that protects vaccine manufacturers from being sued in civil personal injury and wrongful death lawsuits resulting from vaccine injuries.

    Both drugmakers and federal government officials admit that although vaccines are created with the purpose of keeping the public safe, they can cause rare but serious, and sometimes fatal, side effects.

    In the 1970s and 80s, drugmakers paid out millions to plaintiffs in hundreds of vaccine-related injury lawsuits. The litigation was complex and expensive because of how difficult it is to show epidemiological cause and effect in these cases.

    Eventually, some drugmakers decided to stop making vaccines altogether. This drew alarm from public health officials, who worried about sustaining existing vaccines and also the development of new vaccines.

    The National Childhood Vaccine Injury Act
    Congress stepped in with the National Childhood Vaccine Injury Act of 1986 (the Vaccine Act) as a way to ensure that the injured would receive compensation, but also to protect drugmakers from open-ended liability.

    In 2011, an important United States Supreme Court ruling clarified the type of lawsuits vaccine manufacturers are protected from under the Vaccine Act. In a 6-2 decision, the Court ruled that the federal law protects drugmakers from design-defect claims as long as the vaccine was properly manufactured and carried adequate warnings labels."

    ****

    Lastly, you wrote: "No one can answer simple questions re is the vaccine changing my natural antibodies, or replacing it."

    Based on my knowledge of how vaccines work, a Covid vaccine isn't changing or replacing your natural antibodies, the vaccine is adding to your natural antibodies. Also, keep in mind that not all antibodies are protective against the virus, and antibodies are not the only way your immune system fights the virus. 


  36. Here's an article that might be of interest to people who have had Covid and are thinking about getting vaccinated: https://www.cdc.gov/mmwr/volumes/70/wr/mm7032e1.htm


  37. Nice Job, ilene!  


  38. The Bug/all – I don't recall if I shared this here – if I did, forgive my absent-mindedness; I'm a professor. Anyway, it's a long read but accessible, and very thorough. https://bmcinfectdis.biomedcentral.com/articles/10.1186/s12879-021-06357-4?fbclid=IwAR034i5HKFVGQFEbmV8LrAgjjxcEZ0RNUAnh8OQMlt28NuoXXnPHR08IOGw


  39. That's a good article, Snow.  

    Not a good finish for the indexes.

       
        

     


  40. snow/article – thanks