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Originally posted by Nefertiti2 View PostMeanwhile in Cheltenham
[URL]https://twitter.com/laurenleygold/status/1237462115881046017?s=21[/URL]
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I see that "legitimate theatres" (aka those that show "Broadway plays") are closed n San Francisco
I am genuinely surprised that there hasn't been much talk of something similar here. The Metropolitan Opera is a particularly striking example, as the house seats more than 3000, and the average age of the audience must be around 70 (we always feel young when we go).
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It is really odd how people (including the press) are tied to the Dow. That said, I just sit and watch interest rates which are similarly wacky right now. Swings 10 times the size what you would see in any other day.
That and liquidity of bonds is really drying up - like upthread about computers, if you can buy them you might find out they don't arrive. It is a real stress environment.
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Originally posted by ursus arctos View PostPeople are concerned about bond market liquidity
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Yes, for all of the jokes Levine makes, when it is a problem, it really is a problem.
Meanwhile, the Administration has formally adopted gaslighting
https://twitter.com/NBCNews/status/1238090895003725824
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Originally posted by caja-dglh View PostIt is really odd how people (including the press) are tied to the Dow.Originally posted by caja-dglh View Postt is a legitimate problem. I have read a lot of hypotheses as to what we are seeing, but it is really obvious. I have never seen bid-ask spreads this wide on the long end of the yield curve. Then again I don't think we have ever seen sustained intra-day volatility like this.
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Originally posted by ursus arctos View PostYes, for all of the jokes Levine makes, when it is a problem, it really is a problem.
Meanwhile, the Administration has formally adopted gaslighting
https://twitter.com/NBCNews/status/1238090895003725824
- Likes 1
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I think that the mainstream media focus on the Dow is literally because it is a product of the mainstream media (Dow Jones publishes the Wall Street Journal).
This pattern was established yonks ago and seems impervious to change, as illustrated by the fact that the New York Stock Exchange circuit breakers don't even reference the Dow (but rather the S&P and other broad indexes).
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Originally posted by Patrick Thistle View Post
I'm surprised he didn't just announce Oceania has always been at war with Eastasia
[URL]https://twitter.com/sunraysunray/status/1238073003554091008?s=21[/URL]
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Originally posted by ursus arctos View PostYes, for all of the jokes Levine makes, when it is a problem, it really is a problem.
Meanwhile, the Administration has formally adopted gaslighting
https://twitter.com/NBCNews/status/1238090895003725824
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The trouble is that they're the people keeping Miller and Trump in power. Killing off a lot of their core vote might seem counter-productive unless they also intend to put an end to elections. (edit: in reply to Nef's penultimate post)
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The wild card here is the reaction of the "markets", which are (correctly) concluding that all bets are off in an environment where national leadership is at best incompetent and more often malign.
Not only is that setting on fire a meaningful portion of the net wealth of GOP officials and their backers, but it has to be causing the likes of McConnell to fear that losing the Senate is now a real possibility.
And losing the Senate would mean the end of their entire "project".
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Dutch PM just gave a press conference, together with the health minister and a representative of RIVM (public health institute). All events of more then 100 people are forbidden; locations where 100+ people gather (e.g. musea, theatres) are closed. Everyone should work from home as much as possible. Employers should shift working hours more flexibly. Universities are called on to move all lectures online, but classes are not cancelled. Schools remain open, for two reasons: 1) young people are not a risk group, but, more importantly: 2) forcing school children to stay home would also force their parents to stay home, which includes many health care and emergency service employees, whose work we need right now.
It's a relatively weak set of measures. The PM did allude to the US flight ban and added that instead, Dutch policy is based on the advice of experts.
More restrictions are likely to be announced later today for the province of Brabant, which is the heaviest-hit province in the Netherlands. Curious to learn what will happen; I live there.
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