Herd Immunity

Herd Immunity

Monday was a dark day on Wall Street. That may be a bit hyperbolic, but I suppose what I would note is that for an hour or so, things looked to be on the brink of unravelling in earnest, when the Dow was down more than 800 points. A perfect storm of factors conspired to weigh heavily on sentiment with just a week to go until the most consequential election in modern US history. Stocks trimmed their worst losses but still fell the most in weeks amid second wave virus concerns, geopolitical tens
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5 thoughts on “Herd Immunity

  1. The Bill can not have the sort of language that attempts to mitigate Covid as that is not aligned with Republican platform. Unless Democrats want to raise the white flag on Covid also, no bill.

    1. Let’s hope the coin flip on taking the Senate falls in favor of the Democrats. It’ll define the Biden presidency in an unfortunate way if the Senate remains in Republican control.

      Regardless, at this point, best case scenario for getting stimulus into the economy is mid-February. That’s a long enough way into the future for yields to start to have second thoughts, to turn around and start heading to zero.

  2. That passage from Kelton is amazing. She is really good. Wow. I was thinking of it in terms of “austerity,” like the kind that occurred during the Great Depression prior to Roosevelt and in Europe off and on for the last 20 years. Her wicked smart look at this as economic herd immunity is gonna stick.

    My grandfather used to use the word “bstards” to describe people who acted against the best interest of a business relationship or who just scrwed you because they could get away with it. He was Goldwater then Reagan conservative. He’d be hissing and spitting now if he were still alive to see what the b*stards had done.

    1. To be clear, my grandfather spoke with a mild accent of someone who served in WWII and was from NYC. I was just watching a clip of the tight senate race in the US state of South Carolina. I want to make sure no one would confuse my grandfather, and his Goldwater-Reagan leanings, with a white, Confederate Southerner, who some might perceive as a closeted individual.

  3. Bearded Man – Herd immunity quotes from “They Live”

    They are dismantling the sleeping middle class. More and more people are becoming poor. We are their cattle.

    The poor and the underclass are growing. Racial justice and human rights are non-existent.

    We could be pets, we could be food, but all we really are is livestock.

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