Author: BlackMask Financial

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House Democrats pass sweeping $1.9T COVID-19 relief bill with minimum wage hike

https://youtu.be/YCHMnGGOBb0

House Democrats passed their sweeping $1.9 trillion coronavirus aid package in a party-line vote early Saturday morning, advancing President Biden’s top legislative priority. Lawmakers passed the bill 219-212, with two Democrats — Reps. Jared Golden (Maine) and Kurt Schrader (Ore.) — joining all Republicans in voting against it. Democrats could only afford up to four defections with their narrow House majority. The bill’s passage comes days after the COVID-19 death toll in the U.S. surpassed 500,000 people while more contagious virus variants remain a threat to containing the pandemic.

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Lawmakers are hoping to build on the momentum from vaccines gradually reaching people to end the global pandemic that’s shaken up American life for most of the past year.

The relief package now heads to the Senate, where Democrats are expected to amend it next week and send it back to the House for approval before unemployment insurance benefits expire on March 14. The legislation, which was modeled after Biden’s proposal, includes provisions to provide a third round of direct stimulus checks of up to $1,400 for individuals, a $400 weekly unemployment insurance boost through Aug. 29, and $8.5 billion in funding for the Centers for Disease Control and Prevention (CDC) to distribute, track and promote public confidence in COVID-19 vaccines. The direct payments of up to $1,400 for individuals or $2,800 for married couples are the largest pandemic impact payments yet, after the two previous rounds last year maxed out at $1,200 and $600.  Individuals with incomes of up to $75,000 and married couples earning up to $150,000 would be eligible for the full amounts, while the payments would phase out for individuals making up to $100,000 or $200,000 for couples. Other key parts of the massive package include $350 billion for state and local governments, $130 billion to help K-12 schools reopen for in-person classroom instruction, and an expansion of the child tax credit to $3,000 per child or $3,600 for children under six years of age. But one component of the bill that the House passed early Saturday is doomed to be left on the cutting room floor once it reaches the Senate: an increase in the federal minimum wage from the current $7.25 per hour to $15.  The Senate parliamentarian ruled on Thursday that the minimum wage hike would not comply with the budget rules required to pass bills under the reconciliation process, which Democrats are using so that their pandemic relief package won’t be subject to a GOP filibuster in the upper chamber.  House Democrats opted to keep the minimum wage provision in the bill as a show of support for the top progressive priority.  “Even if it is inconceivable to some, it is inevitable to us. And we will work diligently to shorten the distance between the inevitable and the inconceivable,” Speaker Nancy Pelosi (D-Calif.) said of raising the wage.  The push to raise the minimum wage to $15 has been met with strong pushback from Republicans and a handful of centrist Democratic lawmakers, who cited a Congressional Budget Office report estimating that while it would lift 900,000 people out of poverty, it would also lead to 1.4 million job losses. Only one sitting House Democrat, Rep. Kurt Schrader (Ore.), voted against a bill in 2019 to raise the minimum wage to $15. While Schrader’s preference for a regionally-adjusted minimum wage over a federal statute for $15 didn’t threaten the relief package’s prospects in the House, it’s a more delicate balance for Democrats’ 50-50 standing in the Senate. The final vote on the pandemic relief package didn’t occur until well after midnight on Saturday because Republicans delayed proceedings for several hours by speaking before the House Rules Committee on the more than 200 amendments they submitted to the bill.  None of the GOP amendments, which ran the gamut from stripping the bill of the minimum wage provision to requiring K-12 schools to have reopening plans for in-person teaching in place in order to access full funding, were granted floor time.  It’s possible that Democrats could pass a separate bill to increase the minimum wage, but it would be subject to a 60-vote threshold to clear a Senate GOP filibuster.  “I guarantee you there’ll be a raise in the minimum wage before the election,” House Budget Committee Chairman John Yarmuth (D-Ky.) told reporters in the Capitol. “Hold me to it.” Progressives are calling for Vice President Harris, the president of the Senate, to overrule the parliamentarian’s advisory opinion or for Democrats to abolish the filibuster to ensure that the campaign promise of a minimum wage increase can eventually become law under Biden. “So it’s not just about minimum wage, because Democrats made a lot of promises in winning the House, the Senate and the White House. And it’s going to come up again and again. So we’re gonna have to make a choice here. Are we going to stick to these rules or are we actually going to use the levers of government to work for the people?” said Congressional Progressive Caucus Chairwoman Pramila Jayapal (D-Wash.). Nick Note: happy checks here they come…. That pays for a lot or Robin Hood robbing and rededit redding……… I guarantee you the democrats have the votes and will end the filibusterer. Which means with a simple majority which they have they can get their socialist agenda through. I am serving notice to all you HUNIES my black DNA tests means i will get in on the trillion dollar slave reparations…………..I suggest you geet your DNA tested so you can prove your blackness…..

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Nasdaq rises in volatile session buoyed by big tech

WHAT BULLSHIT!!

The Nasdaq 100 started trading in positive territory on Friday in a volatile session for the tech-heavy index, as the big technology companies including Apple, Tesla, and Microsoft helped the index climb more than 170 points. The sentiment was backed by Moderna’s shares which gained more than 4% after the United States Food and Drugs Administration characterized the company’s COVID-19 jab as safe.

The Nasdaq 100 jumped 1.39% or 178 points at 11:58 am ET, while the S&P 500 also moved above the flatline to gain 0.24% at the same time. The Dow Jones Industrial Average remained in the red with a 0.83% drop at 11:59 am ET. The euro surrendered 0.60% versus the dollar, selling for 1.20900 at 12:01 pm ET.

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House Poised to Pass Stimulus as Minimum Wage Hike Dealt Blow

(Bloomberg) — The House is poised to pass President Joe Biden’s $1.9 trillion Covid-19 stimulus, but a ruling by late Thursday by a Senate official dealt a major blow to prospects that the final legislation will include a hike in the U.S. minimum wage to $15 per hour.

Friday’s vote in the House will bring most Americans one step closer to receiving $1,400 relief payments and move action to the Senate, where disagreements among Democrats over the minimum wage had been the biggest obstacle to turning the pandemic relief plan into law.

However, Senate parliamentarian Elizabeth MacDonough found that the wage provision did not qualify for action under budget reconciliation, a fast-track procedure that would let Democrats pass the stimulus with only 50 votes in the evenly divided Senate. Democrats don’t yet have a unified approach for dealing with the minimum wage decision. While Biden called on Congress to “quickly” pass the relief bill, progressives are urging Democrats to overrule the parliamentarian or wage a battle over tax penalties to force higher wages. That raises the potential for disputes that delay Senate passage of the broader stimulus package. The $15 minimum wage had been a rallying point for progressive Democrats, and Senate Budget Chair Bernie Sanders immediately proposed a work-around to raise pay for low-level workers. “I will be working with my colleagues in the Senate to move forward with an amendment to take tax deductions away from large, profitable corporations that don’t pay workers at least $15 an hour and to provide small businesses with the incentives they need to raise wages,” Sanders said in a statement. “That amendment must be included in this reconciliation bill.” Senate Finance Chair Ron Wyden also endorsed the idea of a tax penalty for large corporation “that refuse to pay a living wage.” Nick Note: their will be happy checks and everyone will be gettting real happy. their is a vaccine that works and the masses are getting their golden shots as we speak. And in a deflation a reflation as closed businesses gear open up is NOT a inflation. Prepare for a rocket launch in the stock market.

 

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Dow plunges over 500 pts as sell-off continues

Major stock markets in the United States extended losses on Thursday as the Dow Jones tumbled more than 500 points deep into the session.

The session is followed by a handful of data and earnings that have been released ahead of the session or will be published after the closing bell. The Dow plunged 1.61% or 514 points at 1:06 pm ET, while the Nasdaq 100 sank 3.17% or 421 points. The S&P 500 fell 2.32% a minute later. Meanwhile, the euro gained 0.20% against the dollar to trade for 1.21918.Nick Note: this sell off is silly and its done done i tell you. todays little ditty was simply a retest of the bottom. How many times are you going to make the same mistake. You hold all the positions you can. Pretty simple….. massive draw downs are a part of the game. When you finally get eyes that can see you will welcome massive loses. THIS IS A GREAT BUYING OPPORTUNITY!

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Charlie Munger warns of market ‘frenzy’; frowns on gambling mentality, bitcoin, SPACs

(Reuters) – Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday warned that the stock market bears signs of a bubble, reflecting a “dangerous” mentality among some investors to gamble on stocks as they would horse races. Munger, 97, lamented the recent mania for GameStop Corp, in which amateur investors encouraged each other online to buy the gaming retailer on platforms including Robinhood, and caught some hedge funds in a short squeeze. “It’s really stupid to have a culture which encourages as much gambling in stocks by people who have the mindset of racetrack bettors,” he said. “A lot of them crowd in to buying stocks on frenzy, frequently on credit, because they see that they’re going up, and of course that’s a very dangerous way to invest.”

Asked if the market resembled the late-1990s dot-com bubble, Munger said: “Yes, I think it must end badly, but I don’t know when.”

Munger was speaking at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publisher he chairs, which was broadcast on Yahoo Finance. He is better known as vice chairman of Buffett’s conglomerate Berkshire Hathaway Inc since 1978.

Munger said investors should not buy gold or bitcoin, noting the latter was too volatile to become a “medium of exchange for the world.”

He paraphrased author Oscar Wilde’s quotation about fox hunting to describe bitcoin, calling it “the pursuit of the uneatable by the unspeakable.”

Munger also expressed disdain for the surging demand for special purpose acquisition companies, or SPACs, which raise money from investors and then merge with private companies to take them public, in “blank check” arrangements.

“The world would be better off without them,” Munger said. “This kind of crazy speculation in enterprises not even found or picked out yet is a sign of an irritating bubble,” he said. “It’s just that the investment banking profession will sell shit as long as shit can be sold.” Nick Note: Charlie is brilliant. Listen to the tape above to the question and answer session. I agree FULLY with what he says.

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Pfizer begins trials testing third dose of Covid vaccine

Despite the 95 percent effectiveness at preventing coronavirus infection after two doses of its vaccine, Pfizer is now seeing what a third dose might do. The company announced Thursday that a booster dose is being studied among people who received their first doses of the vaccine more than six months ago. In an interview with NBC News’ Lester Holt, Pfizer CEO Albert Bourla said the hope is that a third dose will boost the immune response even higher, offering better protection against variants.

“We believe that the third dose,” Bourla said, “will raise the antibody response 10- to 20- fold.”

The new study will monitor the safety and efficacy of a third dose in two age groups: those 18 to 55 and those 65 to 85. The participants come from a group of people who were among the first to receive the Pfizer-BioNTech vaccine: people who volunteered for Pfizer’s initial Phase 1/2 clinical trial, which began in May. During that trial, participants received two doses of the vaccine three weeks apart. The same dose interval is what’s currently recommended. The third shot will be exactly the same as what participants got a year ago. Pfizer also plans to begin testing whether a modified version of the vaccine works well against the variant from South Africa. Indeed, as SARS-CoV-2 changes, the vaccines may have to be tweaked. The Food and Drug Administration issued guidance Monday saying vaccine manufacturers may be able to ease away from lengthy clinical trials to prove safety and effectiveness for vaccines that have been tweaked to account for variants. That’s not unlike how the flu shot changes from year to year, accounting for the strains most likely to infect people.

“Every year, you need to go to get your flu vaccine,” Bourla said. “It’s going to be the same with Covid. In a year, you will have to go and get your annual shot for Covid to be protected.”

That suggests that even when the pandemic ends, Covid-19 may be here to stay. Ongoing studies of re-engineered vaccines are necessary to understand when boosters may be needed, outside experts said. “You need to cast a wide net to find Goldilocks,” said John Grabenstein, a former executive director of medical affairs for vaccines at Merck and a former Defense Department immunologist. “You want to look at shorter intervals, you want to look at longer intervals, to determine when is the best time, if needed, to re-vaccinate.” So far, evidence suggests that the existing Pfizer-BioNTech vaccine remains effective against variants first identified in the U.K., Brazil and South Africa. Bourla said the company’s goal if and when another variant emerges is to pivot and tweak the current vaccine within 100 days. Moderna, which makes a similar Covid-19 vaccine, announced Wednesday that it had also started studying the effects of adding a third dose to its regimen and has developed a version of the vaccine designed to target the variant from South Africa. Nick Note: The beauty of the new mRNA technology is its easy to tweek the vaccine to give protection from new variants. And besides its profitable as hell. My back of the match book calculation syas coronavirus vaccines are a band new 100 billion dollar a YEAR business. And the mRNA vaccines will give complete protection with buster shots.

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Tesla makes more money on bitcoin than on cars

https://youtu.be/ZO7f4hECX0g?t=154

Tesla is likely to have made a larger profit from its bitcoin investment in January than it did from selling electric cars in the whole of last year as the value of the cryptocurrency went through $1 trillion yesterday.  Assuming that the electric carmaker holds as many bitcoins today as it did on January 31, it has made a paper profit of about $930 million, more than the $721 million profit it reported for 2020. Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. However, early estimates from prominent technology analyst Dan Ives sees the investment by the electric-vehicle maker, headed by outspoken Chief Executive Officer Elon Musk, already minting a digital paper profit of at least $1 billion, as the price of the asset soars to records. “Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month…To put this in perspective,

Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its [electric vehicle] cars in all of 2020,” wrote Wedbush’s prolific analyst Dan Ives,

Earlier this month, Tesla Inc. TSLA, +6.18% became the latest and most well-known major corporation to take a stake in bitcoin, underscoring the increasing acceptability of the crypto. The Palo Alto, Calif.-based company, on Feb. 8, in a public filing said that it purchased $1.5 billion of bitcoin BTCUSD, +1.24% and that it expects to begin accepting payment in the cryptocurrency for its products in the future. The move by Tesla to invest in bitcoin was seen as further confirmation of the legitimacy of the nascent asset that didn’t exist until about 12 years ago. On Friday, bitcoin’s price soared to a record around $54,000 and breached a total market valuation of $1 trillion, further bolstering the perception of the crypto as a legitimate asset if not a nascent one. n\On Saturday, a single bitcoin extended its gain to a record at $57,492, according to CoinDesk. Bitcoin prices are up over 90% so far in 2021, according to FactSet data. By comparison, gold GC00, -0.27%, considered a rival to bitcoin, is down by about 6% in 2021. Meanwhile, the Dow Jones Industrial Average DJIA, +1.35% has gained nearly 3% thus far in the year, the S&P 500 index SPX, +1.14% has climbed about 4% and the Nasdaq Composite Index COMP, +0.99% has advanced 7.7% over the same period. Tesla’s stock, by the way, has climbed over 11% since the start of the year. The Wedbush analyst said it isn’t clear if Tesla’s bitcoin move is a stunt, aligned with the perception of Musk as an iconoclast, but still believes that it is likely that other corporations may be compelled to follow suit and swap some of their cash for bitcoins in the future. “We still expect less than 5% of public companies will head down this route until more regulatory goal posts are put in place around the crypto market, which is clearly starting to gain more mainstream adoption in 2021 and we believe will have a seismic impact for blockchain, payments, banks, and semis in the years to come,” Ives wrote.  Nick Note: Elon Muskrat is the greatest snake oil sale man of our times. Its a freeging computer battery car. And everyone and their dog will soon be making them. And the people who are gearing up are experts at making cars. Tesla will lead the coming wipeout. For now he is making money on bitcoin another scam. He is losing a bundle on the rattle paddle piece of shit rich boy status machine. You can not drive them unless you fancy getting stuck on a country road…..

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Wall Street closes higher as Dow hits record high

Dow ends shy of 32,000 milestone, books record as Powell testimony awakes bulls on Wall Street

The Dow Jones Industrial Average on Wednesday closed at a record, just shy of the 32,000 milestone, after Federal Reserve officials helped calm frayed market nerves after a run-up in bond yields briefly unsettled the bullish investing mood that’s prevailed for weeks on Wall Street. Chairman Jerome Powell’s second day of dovish testimony helped give a boost to major benchmarks and the Fed’s No. 2, Richard Clarida, said the economy is primed to show big improvement this year, owing to more Americans getting vaccinated and the passage of fiscal-spending packages.

  • The Dow Jones Industrial Average DJIA, +1.35% rose 424.51 points, or 1.4%, to close at a record 31,961.86, its 10th of the year.
  • The S&P 500 SPX, +1.14% advanced 44.06 points, or 1.1%, to end at 3,925.43, extending its win streak to a second day.
  • The Nasdaq Composite COMP, +0.99% added 132.77 points, up 1%, finishing at 13,597.97 to snap a 2-day losing streak.

The Dow on Tuesday erased a loss of more than 360 points to eke out a positive finish, while the S&P 500 snapped a five-day losing streak and the Nasdaq Composite trimmed a loss of nearly 4% to end the session only 0.5% lower. The bulls were back in charge on Wall Street.

Fed Chair Powell said the focus remains on helping the economy heal from the pandemic, and that the time isn’t right to worry about the growing national deficit or climbing bond yields, helping stocks extend gains.

“The time to give priority to those concerns isn’t now,” Powell told a House committee on Wednesday, during his second day of testimony to Congress on the outlook for the economy and the central bank’s monetary policy. Meanwhile, Fed Vice Chairman Richard Clarida said in a speech to the U.S. Chamber of Commerce on Wednesday that the downside risk to the outlook for the economy in 2021 has diminished amid “the development of several effective vaccines and the passage by the Congress in late December of a package of fiscal relief measures.” Bond yields edged higher again Wednesday, while stocks shrugged off earlier losses. “What Powell has been saying is that bond yields are rising for the right reason,” said Patrick Leary, chief market strategist and senior trader at broker-dealer Incapital, pointing to improved economic data and optimism around the ramping up vaccine rollout. Powell’s second day of testimony reiterated themes from Tuesday, namely that the economy remained far off the Fed’s employment and inflation goals, while giving no indication a spike in bond yields would prompt the central bank to begin tapering its asset-buying program. Fears the Fed could move to scale back stimulus sooner than anticipated had been blamed for the stock market’s recent wobble, which hit highflying, tech-oriented and growth shares hardest, while stocks more sensitive to the economic cycle benefited. Fed Gov. Lael Brainard on Wednesday also emphasized the need for continued fiscal and monetary support for the U.S. economy, which she said remains far from achieving the central bank’s employment and inflation goals, in lecture at Harvard. Nick Note: Do not miss the boat. The biggest stock market rally ever is coming… the vaccines work and the captives will be set free. So for balls to the walls speculates its party time.  Sleepy ETF traders you are getting set for the biggest wipeout ever… after the last leg of this mindless rally… Do you not get it the markets has got to move against you so you can get your positions. this game is losing money till  the markets gets the news you see but  its not seeing yet. this is speculating and you can expect big draw downs. Investing is a steady up move if you only want to make 2 or 3% on your money

 

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n boost for COVID-19 battle, Pfizer vaccine found 94% effective in real world

JERUSALEM (Reuters) – The first big real-world study of the Pfizer/BioNTech vaccine to be independently reviewed shows the shot is highly effective at preventing COVID-19, in a potentially landmark moment for countries desperate to end lockdowns and reopen economies. Up until now, most data on the efficacy of COVID-19 vaccines has come under controlled conditions in clinical trials, leaving an element of uncertainty over how results would translate into the real world with its unpredictable variables. The research in Israel – two months into one of the world’s fastest rollouts, providing a rich source of data – showed two doses of the Pfizer shot cut symptomatic COVID-19 cases by 94% across all age groups, and severe illnesses by nearly as much. The study of about 1.2 million people also showed a single shot was 57% effective in protecting against symptomatic infections after two weeks, according to the data published and peer-reviewed in the New England Journal of Medicine on Wednesday. The results of the study for the Clalit Research Institute were close to those in clinical trials last year which found two doses were found to be 95% effective.

“We were surprised because we expected that in the real-world setting, where cold chain is not maintained perfectly and the population is older and sicker, that you will not get as good results as you got in the controlled clinical trials,” senior study author Ran Balicer told Reuters. “But we did and the vaccine worked as well in the real world.”

“We have shown the vaccine to be as effective in very different sub-groups, in the young and in the old in those with no co-morbidities and in those with few co-morbidities,” he added. The study also suggests the vaccine, developed by U.S drugmaker Pfizer and Germany’s BioNTech, is effective against the coronavirus variant first identified in the UK. Researchers said they could not provide a specific level of efficacy, but the variant was the dominant version of the virus in Israel at the time of the study. The research did not shed light on how the Pfizer shot will fare against another variant, now dominant in South Africa, that has been shown to reduce the efficacy of other vaccines. Of the nine million people in Israel, a nation with universal healthcare, nearly half have received a first dose, and a third have received both doses since the rollout began on Dec. 19. This made the country a prime location for a real-world study into the vaccine’s ability to stem the pandemic, along with its advanced data capabilities. The study examined about 600,000 vaccinated people against the same sized control group of unvaccinated people. Researchers at Harvard T.H. Chan School of Public Health, Harvard Medical School and Boston Children’s Hospital also collaborated. “This is more great news, confirming that the vaccine is around 90% effective at preventing documented infection of any degree of severity from 7 days after the second dose,” said Peter English, a British government consultant in communicable disease control. “Previous recently studied papers from Israel were observational studies. This one used an experimental design known as a case-control study … giving greater confidence that differences between the groups are due to their vaccination status, and not to some other factor.” The study published on Wednesday was the first analysis of a national COVID-19 vaccination strategy to be peer-reviewed. It also offered a more detailed look at how the vaccine was faring at weekly intervals, while matching people who received the shot to unvaccinated individuals with similar medical histories, sex, age and geographical characteristics. Other research centres in Israel, including the Weizmann Institute of Science and the Israel Institute of Technology have shared several studies in recent weeks that show the vaccine to be effective. At least three studies out of Israel have also suggested the vaccine can reduce coronavirus transmission, but the researchers have cautioned that wider studies must be conducted in order to establish clear-cut conclusions. The Weizmann Institute’s latest data shows a dramatic drop in illness – which began this month with the first age group vaccinated, the over-60s – has now extended to the two subsequent groups to have completed both doses. As infections have fallen in Israel, the country has eased its third national lockdown and reopened swathes of its economy including malls, shops, schools and many workplaces in the past two weeks. Recreational venues such as theatres, gyms and hotels opened on Sunday, but are open only to those deemed immune – holders of a “Green Pass”, a health ministry document available for download only by people seven days after their second dose or people who have recovered from COVID-19. The vaccine’s efficacy does not mean the country will be pandemic free any time soon. Like elsewhere in the world, a large proportion of the population are under 16 – about a third in Israel – meaning that they cannot yet get vaccinated as there have not been clinical trial results for children. “This is definitely not the end of the pandemic,” said Eran Kopel, an epidemiologist at Tel Aviv University. “Once there is a safe vaccine for the children in Israel and all over the world we can then start to say that we could be approaching herd immunity.” Nick Note: My job is to get their ahead of time. See its called FUTURES trading. Not CNN bizz news dick head NOW trading via consensus opinion……And to do this you need to be able to hit the reset button when ever is necessary. You guys get stuck on average points…. Get stuck on spreading…. shit all over yourself as you watch profits disappear. ALL ALL ALL ALL are the nature of successful trading…..AND MY TRADING THESE PAST TWO YEARS HAVE BEEN THE BEST EVER. In a word flexibility is the is key. Here is an example of a reset button  type change. Our in depth on the spot analysis has changed. See we have a team of staff to gather information not CNN pull you dick publishing corporate spin press releases but boots on the ground. And we have no rules in gathering information. Including sitting on McDougals chest to get him to confess to the Clinton White Water story., Whatever it takes and i mean whatever it takes. At the start of this plague we had staff in London (Mosh, Dennis, Sarah, Anna and Musa) and that is how (along with my dream) we first reported this plague  and realized the Chinese were sending infected (mostly asymptomatic people) the world over to spread the plague. When the vaccines were first announced we were skeptical….. We used people in Belgium and Israel and consultants to get a understanding of the technology. Traditional hollowed out Monkey DNA infused Johnson vaccine. Versus the mRNA Pfizer. We were soon convinced the new technology RNA vaccine was the way to go. As we continued to collect information we put boots on the ground in Israel which is light years ahead of the world on the Pfizer vaccine. What you may not know Israel swooped in paid 5 times the going rate for the vaccines to be able to inoculate their  entire population. Its cheaper to vaccinate your population and open up your economy…. Then issue trillions in happy checks to try and mitigate the damage. Its cheaper to put new tires and fix the brakes on your car as versus repairing it after the wreck. SO we followed the money in this case the vaccines. We soon learned that the Pfizer mRNA technology something new was the way to go and urged our loyal members to get the shot. Now all our concerns have been proven to be nonstarters. The vaccines work they will stop ALL variants of the coronavirus with booster shots just like the yearly flue jab…. but much safer. So that caused a rethink and a reset button moment. And i am now of the opinion the coronavirus will be defeated and the global economy will open. So that means party on the WORLDS stock markets…… Creating a bubble that will give us the biggest wipeout ever. But between now and then its party time on Wall Street

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Fed’s bank transactions system suffers outage

(Bloomberg) — The Federal Reserve began restoring some services Wednesday afternoon following widespread outages across several key payment systems operated by the U.S. central bank. “A Federal Reserve operational error resulted in disruption of service in several business lines,” Jim Strader, a spokesman for the Richmond Fed, said in an e-mailed statement. “We are restoring services” In a posting on its website at 2:46 p.m. the Fed said it was taking steps to ensure the resilience of its services but urged customers to double check that any messages they had sent or received had been reconciled. ©2021 Bloomberg L.P. Nick Note: The system is under stress…. This might be a sign of bigger problems.. I am on it!