Is the COVID-19 risk on airplanes really that low? Here’s what experts say

United Airlines and Boeing conducted tests to gauge the risk of getting infected with the coronavirus on a plane.

With the demand for air travel still in a slump, the airline industry is promoting studies that suggest the risk of contracting the coronavirus while flying is low. Although healthcare experts say the air filtration system in most commercial planes helps reduce the risk of being infected, they point out that the studies have limitations and the results are not all definitive.

Delta Air Lines and two of the world’s largest airline-industry trade groups have promoted the recent studies as they seek to ease the fear of flying during a pandemic that has killed more than a million people worldwide.

The volume of passengers flying on U.S.-based airlines is down 63% compared with the same time last year, with domestic travel dropping 61% and international flying down 77%. As a result, U.S.-based carriers are losing more than $200 million a day combined, according to Airlines for America, a trade group for the U.S. airline industry.

What are the studies they’re promoting?

The most prominent study was conducted and sponsored by United Airlines, airplane manufacturer Boeing and the U.S. Department of Defense. To see how the coronavirus might spread in a commercial jet, the study measured a fluorescent aerosol spray that was emitted from a mannequin placed in various seats in two types of Boeing jets.

The mannequin was moved throughout the cabins of the planes, with sensors installed in surrounding seats to measure how far the aerosol spray traveled. More than 300 tests were conducted, with variables such as having the mannequin emit aerosol at different strengths to replicate breathing, speaking or coughing. Tests were performed with and without the mannequin wearing a mask.

The study concluded that the “aerosol exposure risk is minimal even during long duration flights,” with the highest risk coming to those sitting in the same row as the mannequin.

Do healthcare experts agree?

Only partially. Infectious-disease and healthcare experts say the study correctly concludes that the infection risk is lower on a plane than in places such as stores and restaurants. The study gave much of the credit to the air circulation system in airplane cabins that pushes air through high-efficiency particulate air filters, known as HEPA filters.

But the experts note that the test was limited to certain scenarios. The study did not measure what happens when an infected passenger turns his or her head to talk to a fellow traveler or gets out of the seat to walk down the aisle or use the lavatory. The mannequin stayed in a seat, facing forward, during the tests. “In real life, people move around the plane, disrupting the airflow and probably resulting in higher exposures in some locations and lower exposures in others, compared to the study,” said Linsey Marr, a professor of civil and environmental engineering at Virginia Tech. “These real-life considerations could easily increase the risk by a factor of 10 to 100.” The test also assumed that all passengers wore masks and that the cabin had only one infected person.

Mercedes Carnethon, a professor of preventive medicine at Northwestern University, added that the study did not gauge the risk of getting to and from a flight, walking through a crowded airport terminal and queueing up with travelers who may or may not be wearing masks.

“Based on these findings, the time spent on the airplane is not the riskiest aspect of traveling,” she said. The study includes a section titled “Limitations and Assumptions” that acknowledges some of those points.

What other data have been touted by the airline industry?

The International Air Transport Assn., the trade group for the world’s airlines, announced this month that there have been only 44 cases this year in which COVID-19 is believed to have been transmitted on a plane. By comparison, the group noted, about 1.2 billion travelers have flown on commercial flights worldwide in the same period.

“We think these figures are extremely reassuring,” Dr. David Powell, the IATA’s medical advisor, said in a statement. “Furthermore, the vast majority of published cases occurred before the wearing of face coverings in flight became widespread.”

The group said its numbers align with data in a study recently published in the Journal of Travel Medicine.

Is everyone on board with that?

No. Dr. David O. Freedman, a professor emeritus of infectious disease at the University of Alabama at Birmingham who co-wrote the Journal of Travel Medicine study, said the IATA misrepresented his findings.

Although he agrees that the overall risk of getting infected while in a plane is low, he said the IATA cannot assume that only 44 travelers have been infected on flights when there are no data showing that the other 1.2 billion fliers were tested or quarantined after they disembarked from their flights.

“You can’t say the denominator is 1.2 billion uninfected because only a small handful of these passengers were ever tested for COVID,” Freedman said. “IATA wanted a number, but no good published risk numbers are yet out there.”

In the Oct. 8 press release that touted its findings, the IATA acknowledged that “there is no way to establish an exact tally of possible flight-associated cases.” It said it reached out to airlines and public health authorities and reviewed available literature and found no “indication that onboard transmission is in any way common or widespread.”

Are there other industry-backed studies?

The Harvard T.H. Chan School of Public Health released a study Tuesday that was sponsored by Airlines for America and a consortium of other airline businesses that concluded “there has been little evidence to date of onboard disease transmission.” The study was based on the review of previously published studies and public data, plus modeling of onboard disease transmission data conducted by Harvard experts. The study said airlines have kept onboard transmissions low by requiring masks on all passengers and crew members, pushing cabin air through HEPA filters, disinfecting cabins between flights and screening passengers for COVID-19 symptoms.

Did the study call for any changes in the way we fly?

The Harvard study concluded that to further reduce the risk of onboard infections, airlines should continue to operate the air ventilation system while passengers are boarding and leaving the plane. It also said passengers should be encouraged to maintain physical distance from one another when they file into the plane’s cramped aisles to find their seats and when filing out to exit the plane. Nick Note: This is an outrage. The Fucks cooked the books on the study. The airlines have been using HEPTA filter for over twenty years. HEPTA 10 filters still pass uo to 20% if the viruses that are in the air: Why…its all about the money, Higher standers HEPA filter would restrict the air flow costing them more in fuel. Reality is the airlines HAVE never followed the infections their passengers come down with after flying. Reality is people get on a airplane with coffee filter masks and they sure as hell are not following CDC guidelines for separation.  And to add insult to injury the HEPA filters they use do not filter out aerosol born viruses. They filter to 3nm and its takes a filter that can filter out particles down to 1nm.

The Election Outcome No One Is Talking About Could Cause the S&P 500 to Soar to 4000

The U.S. presidential election is days away and the stock market is in freefall. But there’s one little-discussed outcome that could be very good for the S&P 500. No, it’s not a so-called Blue Wave, with Joe Biden winning the presidency and Democrats taking the Senate. Nor is it a Donald Trump victory, with the Senate remaining in Republican hands. But what if Donald Trump wins reelection and Congress goes to the Democrats? That could be very good news for the stock market, explains BTIG strategist Julian Emanuel. The catalyst for a higher S&P 500 will almost certainly be more stimulus. Emanuel notes that a package nearing $3 trillion would boost industrials thanks to increased infrastructure spending. Financials, too, could rise if the yield curve steepened thanks to a supportive Federal Reserve and progress with the coronavirus. That would be a recipe for the S&P 500 hitting 4000, Emanuel says. The path to such a massive stimulus program is clear. The Democrats want stimulus, the president wants stimulus—and has even said he wants more than the $2.2 trillion House Speaker Nancy Pelosi has been proposing—but Senate Republicans have been reluctant to go much beyond $500 billion. A Trump presidency and a Democratic Congress could clear the way. Now, the odds don’t favor such an outcome. And there’s always a chance that Democrats refuse to work with President Trump. But it’s not impossible, Emanuel says. “In 2020, the rapid change from ‘Impossible’ to ‘Base Case’ has been an economic, social, political and asset market constant,” he writes. “While this is clearly the lowest probability Election outcome, a Democratic House and Senate and a second Trump term could be very positive for markets.” With the S&P 500 down 2.9% at 3293.66 today, that would leave 21% upside to 4000. With current 2021 earnings forecasts of $165.25 a share, the index would be trading at around 24 times earnings, up from the current 19.9 times. Nick Note: I see the mother of all stimulus coming. And I see the greatest vaccine roll out in history and i see a HAMUGAS stock market rally. We have to be careful and make sure we can get to the land of milk and honey.

Bond King” billionaire Jeffrey Gundlach predicts Trump win

‘When I said that I think Trump is going to win in 2016, I also said that, if you think 2016 is weird, just wait for 2020. Well, if you think 2020 is weird, just wait until 2024. You ain’t seen nothing yet.’

That’s “Bond King” billionaire and DoubleLine Capital boss Jeffrey Gundlach striking an ominous tone in comments he reportedly made this week at Schwab’s 2020 IMPACT conference, Gundlach was quoted by Financial Advisor magazine as saying that he expects widening economic inequality to bring about some sort of revolution by 2027, with the 2024 presidential election directly in the path of massive social, economic and political change. For now, Gundlach, in contrast to what the polls are showing, believes, just as he did back in 2016, that next week’s election will go Trump’s way. “Mind you, my conviction is way lower than it was four years ago,” he explained. “But back in [that period], when Trump was little more than an asterisk in the betting odds, I predicted he was going to win. This one is much more murky, but in my eyes it favors a Trump win.” And while some would say Trump’s re-election poses a risk to markets and global stability, Gundlach sees it differently. “You might dislike Trump or some of his policies, but risk is not what you’re getting with him, particularly compared to turning the presidency over to another party, and particularly when that party’s candidate isn’t saying what some of his policy positions are,” he said. Gundlach added that his point of view doesn’t come from partisanship. “I don’t have a Republican voice. I actually don’t like the Republicans, and I don’t like the Democrats,” he said. “I used to be a Democrat, and I’ve voted for Republicans, but I simply don’t like the influence peddling that both parties do. They’ve really turned into the same party in terms of their sources of money.” Earlier this month, Gundlach told investors in a Real Vision interview that it’d be a good idea to avoid the stock market because it was poised to “crack pretty hard,” particularly in the U.S. “I actually think owning 25% gold isn’t crazy right now. Nor do I think owning 25% cash is crazy,” he said. Well, stocks certainly cracked hard in Wednesday’s session, with the Dow Jones Industrial Average DJIA, -0.59% down almost 800 points. The S&P 500 SPX, -1.21% and the tech-heavy Nasdaq Composite COMP, -2.45% were also firmly lower. Nick Note: We have placed our be. So keep your eye on the spinning wheel and we will see where the silver ball lands.

The stock market’s ‘presidential predictor’ is forecasting a Biden victory

The stock market’s Friday fall spells trouble for President Donald Trump’s re-election hopes. The “Presidential Predictor,” popularized by Sam Stovall, CFRA’s chief investment strategist, tracks the S&P 500 index’s SPX, -1.21% presidential election-year performance from July 31 to Oct. 31. Going back to 1944, it’s found that a positive move over that period usually corresponds to a presidential victory by the incumbent party, while a negative move signals a loss (see chart below).

CFRA

A late bounce trimmed a decline for the S&P 500 on Friday, the last trading day of October, but it wasn’t enough. The index finished the day down 40.15 points, or 1.2%, to close at 3,269.96, leaving it below the July 31 close at 3,271.12. “The Presidential Predictor implies, but does not guarantee, a Biden victory,” Stovall said, in an email, after the closing bell. Polls show Democratic challenger Joe Biden leading Trump nationwide, though his advantage has narrowed in recent weeks. Biden is also seen ahead in key battleground states, though strategists see some scope for Trump to pull out an Electoral College victory, but his path appears more difficult than in 2016. The Real Clear Politics average of national polls on Friday showed Biden with a 7.8 percentage point lead over Trump. Fears of a contested election outcome, in which results aren’t clear for days or even weeks amid legal and political wrangling have been cited as a big worry for investors.

The stock-market metric doesn’t have a perfect record. It failed to call the correct outcome in 1956, when Republican President Dwight Eisenhower defeated Democratic challenger Adlai Stevenson despite a 7.7% fall for the index in the three-month period.

The indicator twice failed to correctly predict defeat for the incumbent party — in 1968, when Republican Richard Nixon defeated Democratic nominee Hubert Humphrey; and 1980, when Ronald Reagan defeated Democratic President Jimmy Carter. All three instances in which the predictor failed were accompanied by extraordinary geopolitical factors, Stovall noted. The 1956 stock-market weakness was tied to the Suez Crisis, following Egyptian President Gamal Abdel Nasser’s decision to nationalize the Suez Canal, and the Hungarian Uprising, which was crushed by Soviet troops, amplifying Cold War tensions. The 1968 election, despite the buoyant stock market, was dominated by the Vietnam War, while the Iran hostage crisis was a key issue in the 1980 election. This time around, the market’s weakness in the run-up to the vote “is being driven by the renewed surge in COVID-19 and what it portends for future GDP/EPS growth,” Stovall said, referring to gross domestic product and earnings per share. The S&P 500 traded at a record on Sept. 2, but subsequently pulled back. The S&P 500, the Dow Jones Industrial Average DJIA, -0.59% and Nasdaq Composite COMP, -2.45% saw their biggest weekly declines since March. Along the same concept, Ryan Detrick, chief financial markets strategist at LPL Financial, has look backed at the market’s performance in the three month period ending on Election Day going back to 1928. That period this year runs from Aug. 3 to Nov. 3. It’s also on track to signal a Biden victory. The S&P 500 would need to finish above the Aug. 3 close of 3,294.61 to turn it in favor of Trump. Nick Note: This is a very complicated matrix. That’s OK i do complicated. As we move closer to the election Trump could win the election day tallies. But this election could be decided by the mail in votes whose tallies will come later. Biden had it won. If he loses its because he overestimated the ability of the mail in voters to fill in the ballot right. Several little birdies have told me their are a large percentage of the mail in ballots that will be disqualified because of such things as failing to sign the ballot or signature discrepancies. I have LOTS of experience of getting people to fill in forms. From brokerage accounts, Hedge funds and trust forms. Reality is over 25% of people get them wrong. If that is the case enough of Biden’s mail in ballots will be legally disqualified. He may have handed Trump a win!

Trump changes election night plans, cancels party at Trump International: report

President Trump has reportedly called off plans to host an election night event at Trump International Hotel in Washington, D.C., a person familiar with the plans told The New York Times.  The source told the Times that Trump will instead likely remain at the White House on Nov. 3.  The president’s son Eric Trump in an interview on Fox News later on Friday morning said the party may be moved. “We’re thinking about moving it, actually, over to the White House. we are looking at that right now. it’s going to be a great night,” said Eric Trump. The Trump campaign last weekend sent fundraiser emails to donors announcing a drawing that would give one winner, along with a guest, the chance to be flown to the nation’s capital, where they would stay for free and attend the Nov. 3 party at Trump International as VIPs.  “November 3rd will go down in history as the night we won FOUR MORE YEARS,” the email read. “It will be absolutely EPIC, and the only thing that could make it better is having YOU there.” At a press conference Monday, D.C. Mayor Muriel Bowser (D) said she was not aware at the time of party preparations at Trump International, which Washingtonian reported is sold out for election night.  D.C.’s coronavirus regulations currently restrict events to a maximum capacity of 50 people, including all attendees and staff. Trump is trailing Democratic presidential nominee Joe Biden in national polls, although the race is much closer in several key battleground states.  The latest Harvard CAPS-Harris survey of likely voters found Biden at 54 percent and Trump at 46 percent, with 57 percent of independents supporting the Democratic nominee. A Hill-Harris poll released Thursday found Biden leading Trump by 3 percentage points in the swing state of Florida, while 51 percent of those surveyed in the key state of Pennsylvania backed Biden and 46 percent supported Trump.  In North Carolina, the same poll showed the candidates are neck-and- neck, with Biden and Trump gaining 49 percent and 48 percent support, respectively. Nick Note: If Trump loses he does not want to have a Hillary moment when she did a Its MyParty and I’ll Cry IF i Want to when she lost to Trump. His words says he is winning his actions say he is concerned if he loses. The fat lady has not sung yet. He may still pull a rabbit out of his hat!

US sees record 88,521 new daily virus cases

 

The U.S. has reported a record-breaking number of new coronavirus cases, continuing an alarming surge and stoking concerns from health experts that the nation could be in for a difficult winter. The country reported 83,757 new Covid-19 cases on Friday, passing the last record of roughly 77,300 cases seen on July 16 as the U.S. grappled with outbreaks in Sun Belt states, according to data compiled by Johns Hopkins University. On Saturday, the U.S. reported another 83,718 new coronavirus cases. “I think we’re in for a very hard stretch here,” Dr. Scott Gottlieb, the former U.S. Food and Drug Administration commissioner, told CNBC on Friday evening. “I think the winter is going to be very difficult.”

Chart showing daily new coronavirus cases in the U.S. with data through October 24, 2020.

Coronavirus cases grew by 5% or more over the past week in 37 states as of Friday, according to a CNBC analysis of Johns Hopkins data that uses a weekly average to smooth out fluctuations in daily reporting. Some states, like California and Alabama, have been working through a backlog of tests that were added to Friday’s count, pushing the nation’s total higher, according to their data dashboards. However, the nation is now reporting roughly 63,200 daily new cases based on a weekly average, a more than 14% increase compared with a week ago. While Covid-19 testing is up nearly 13% from Oct. 1, new cases have risen at a much faster rate. The seven-day average of new infections is up 51% over that same period, according to Johns Hopkins data. “I think we’re going to bear a lot more infection … and the health-care system is going to have to bear the brunt of this burden, because I don’t think you have the popular will for stay-at-home orders or broad mitigation,” Gottlieb said, adding that the virus’ spread would slow “if everyone would just wear masks.” The recent surge is a “distressing trend” that is likely due to “smaller, more intimate gatherings of family, friends and neighbors” that are moving indoors as the weather cools, Jay Butler, the U.S. Centers for Disease Control and Prevention’s deputy director for infectious diseases, told reporters on a conference call Wednesday. The outbreaks are building throughout the country with particular areas of concern in the Midwest, Butler said. As of Friday, North Dakota, South Dakota, Montana and Wisconsin continue to report the highest number of new cases per capita.

Chart showing daily new coronavirus cases per capita in U.S. states with data as of October 23, 2020.

The increase in cases in several states are leading to more hospitalizations and will ultimately lead to more deaths, White House coronavirus advisor Dr. Anthony Fauci told MSNBC’s Chuck Todd on Friday. Thirteen states reached record high hospitalizations on Friday, based on a weekly average. Many of them are in the West and Midwest, including Iowa, Montana, North Dakota, Nebraska, Ohio, Oklahoma, South Dakota, Utah, Wisconsin and Wyoming, according to a CNBC analysis of Covid Tracking Project data. Coronavirus deaths have remained relatively flat in the U.S., though health experts warn fatalities typically lag infections by a few weeks. “When you enter the season of the cooler months of the fall and the colder months of the winter, where a lot of activity, out of necessity, is going to be inside as opposed to outside, that’s a difficult and challenging situation to be in because you have a couple of factors against you,” Fauci said.

Chart showing daily new coronavirus cases in the U.S. with data through October 24, 2020.

Germany adds record 18,681 COVID cases, 77 deaths

Another 77 deaths were reported in the past day

Germany
That brings the total number of confirmed cases to just shy of 500,000 with over 130,000 active cases seen across the country as of yesterday. Meanwhile, the 77 deaths today brings the total tally on that front to 10,349 persons. There are now 314/412 – an increase of 16 – districts in Germany deemed as ‘high risk’. German chancellor Merkel yesterday expressed concerns surrounding healthcare capacity in the country, and RKI reports that there are 1,696 coronavirus patients in intensive care beds as of its latest detailed report yesterday. That figure is more than double what it was 2 weeks ago on 15 October i.e. 655 patients.

 The DIVI registry shows that there are still 7,559 available intensive care beds across the country, but the fear is that the pace in which the virus is spreading will start to push that to the limit in just a matter of weeks if not months.  modified coronavirus is a killer. Nick Note:  I spent a life time crunching numbers. I got to tell you this NEW genetically modified (in my opinion) is super infectious and a killer. No need to panic we know what to do. I sent you a email with a link to recommended vitamins. We have engaged Top scientists  in the vitamin field to make us a properly combined multivitamin. Lead time 7 weeks. I am planning on sending you a complementary 1 months supply.  Our high spec P3 Nanofilter is in production and the second shipment is hung up in Customs. They they claim it is for  military use in Biolabs (and they are right because of the ULPA U15 medium we use) But let me shimmy shimmy and shake them lose. We are in the engineering phase of using these clean room biolab filter material for your forced aircon and furnace systems. We have designed them to be a direst replace of  the SICK JOKE filters they supply. And the secondary crap being sold by the know nothings. You will simply leave the fan on to filter the air in your house. For those of you that do not have a forced air system we have designed a stand alone SOPHISTICATED 8 way filtration system using the ULPA glass medium biolab filter material. And it also has a ozone generator. By doing the final assembly in the US i can get around the military top secret technology embargo on the export to the US side. We will not be able to ship to California.

As Election Day nears, Trump ponders the prospect of defeat

https://youtu.be/WBtTtQubkCQ
Trailing in the polls and with little time left to change the trajectory or closing themes of the presidential race, President Donald Trump has spent the final days of the campaign complaining that the coronavirus crisis is getting too much coverage – and openly musing about losing. Trump has publicly lamented about what a loss would mean, spoken longingly of riding off into the sunset and made unsubstantiated claims that voter fraud could cost him the election. He has sarcastically threatened to fire state officials if he doesn’t win and excoriated his rival Joe Biden as someone it would be particularly embarrassing to lose to. “If I lose, I will have lost to the worst candidate, the worst candidate in the history of presidential politics,” Trump said at an Oct. 17 campaign rally in Janesville, Wis. “If I lose, what do I do? I’d rather run against somebody who’s extraordinarily talented, at least, this way I can go and lead my life.” The president, who said at the same rally that “we’re not going to lose, we’re going to win,” has certainly not abandoned his showman’s approach to the campaign trail. But his unscripted remarks bemoaning a potential loss – and preemptively explaining why he might suffer one – offer a window into his mind-set as he barnstorms the country in an attempt to keep himself from becoming the one thing he so derisively despises: a loser. Trump has told rallygoers he had the presidential race won until the pandemic hit, and he has accused media outlets of focusing on the ongoing health crisis to hurt him politically. “Covid, Covid, Covid is the unified chant of the Fake News Lamestream Media,” he tweeted Wednesday. “They will talk about nothing else until November 4th., when the Election will be (hopefully!) over. Then the talk will be how low the death rate is, plenty of hospital rooms, & many tests of young people.” Trump has previously complained that Biden could win the race and then receive the benefit of glowing media coverage for overseeing the implementation of Trump administration policies on the coronavirus and other issues. The president’s comments reflect his long-running failure to shift the nation’s focus from the rapidly worsening pandemic in recent months. As he has tried to build his campaign on other themes – including cracking down on racial-justice protests, making unsubstantiated corruption allegations against Biden and attacking the former vice president over energy policy – the coronavirus has continued to dominate American lives and news headlines. His critics say Trump’s own inconsistent handling of the pandemic is one of the main reasons it has remained a key issue in the campaign for several months. With Election Day approaching, the virus is surging across the country, with record cases in recent days and growing hospitalizations and deaths. More than 227,000 Americans have died. Trump’s own hospitalization earlier this month after he was infected not only took him off the campaign trail for several days but also led more Americans to believe he was not taking the deadly virus seriously enough, polls show. Despite spending four days at Walter Reed National Military Medical Center in Bethesda, Md., Trump quickly returned to the campaign trail and continued holding the kind of mass gatherings that his own health officials have described as “superspreader” events. He has also attacked scientists and journalists for focusing on the deadly virus. Trump has falsely called media reporting on the pandemic an effort “to change our great early election numbers” and said it “should be an election-law violation.” The rallies have themselves become a symbol of his “reckless” approach to governing, said Guy Cecil, who leads Priorities USA, a liberal group that has blanketed the airwaves with advertisements against Trump on the pandemic. “He’s making people less favorable and less open to voting for him,” Cecil said Wednesday. “He is actually hurting himself by traveling around the country holding these rallies.” Trump campaign spokesman Tim Murtaugh attacked public polls showing Trump behind Biden and predicted victory. “The mainstream media has spent the last four years trying to destroy and defeat President Trump, so no one should put any stock in polls paid for by these same news organizations,” Murtaugh said in a statement Wednesday. “We know where he stands in the states that will decide this election and we are confident in his reelection.” Biden, who has eschewed large rallies for smaller events, has sought to contrast his approach to the pandemic with Trump’s. During a speech Wednesday in Wilmington, Del., Biden referenced a Trump rally in Omaha at which thousands of supporters were left stranded waiting for buses in near-freezing weather. He called it “an image that captures President Trump’s whole approach to this crisis.” “He gets his photo op, and then he gets out,” Biden said. “He leaves everyone else to suffer the consequences of his failure to make a responsible plan. It seems like he just doesn’t care much about it. And the longer he’s in charge, the more reckless he gets.” Trump has talked about the virus as something that has upended his own political fortunes, while downplaying its impact on the country. At packed rallies in which few people wear masks, he has repeatedly claimed the United States was “rounding the turn” on the pandemic – despite evidence to the contrary. At his rallies, the president speaks more about the political ramifications of the pandemic than about its devastating impact on millions of Americans. “You know, until the plague came in from China, I didn’t even have a race,” he said Tuesday at a rally in West Salem, Wis., describing the election as a choice between a “Trump boom and a Biden lockdown.” But parts of Wisconsin are already facing the prospect of shutting down as the virus circulates at record levels. On the day of Trump’s visit, Wisconsin recorded 71 covid-19 deaths, the most of any day since the beginning of the pandemic. The following day, the University of Wisconsin announced it was canceling football-related activities for at least seven days because of an outbreak among students. Trump’s approach may end up hurting him politically in a key state, said David Wasserman, the House editor for the Cook Political Report. “The president’s decision to downplay the severity of COVID at multiple late October rallies in Wisconsin might be the biggest display of tone-deafness I’ve ever seen, and I cover hundreds of campaigns a cycle,” Wasserman wrote Tuesday on Twitter.  Nick Note: My analysis is Trump will lose. And by a significant majority voting for Biden that any attempts to contest the election will be futile. My sniff is if trump loses by a landslide he WILL NOT CONTEST THE ELECTION. With this view in mind I have formulated our election trade strategy. I also considered the recent market plunge.  I would like to point out I was wrong about the last election. BUT i am in the guessing business and I am a betting man. When the history of the Trump presidency is written it will be the surge in the coronavirus infections and deaths and his near death Coronavirus experience. The surge in infections and deaths is his Waterloo.

Continue reading “As Election Day nears, Trump ponders the prospect of defeat”

US Q3 GDP growth at all-time high of 33.1%

The U.S. economy grew at its fastest rate since records began in the third quarter, reversing much – but by no means all – of the output lost in the second quarter under the impact of the coronavirus pandemic. The Commerce Department said gross domestic product grew at an annualized 33.1% in the quarter, after contracting by 31% in the second quarter. Analysts had expected an expansion of 31.9%. U.S. stock futures turned positive on the news, with the Dow 30 futures contract rising 110 points in response, erasing earlier losses for the session. The dollar also strengthened to $1.1706 against the euro, albeit the latter was hit by the European Central Bank signaling after its council meeting that it will likely ease monetary policy again in December. The figures, while spectacular, are essentially backward-looking and exaggerated by the habit of annualizing GDP data.  They reflect the reopening of many businesses in the summer after government-mandated stay-at-home orders had crippled both manufacturing and services output in the spring. “The general population judge living standards by their personal experience, not abstract concepts,” said Paul Donovan, chief economist with UBS Global Wealth Management, in a morning podcast. An arguably better indication of current developments in the economy came from the weekly jobless claims numbers, which were released at the same time. Initial claims for jobless benefits fell by more than expected to their lowest since March, at 751,000, while continuing claims fell to 7.756 million. Nick Note: you cannot fall off the basement floor.  It is obvious the masses will not tolerate another total national lock down. And its not the way to do it. Isolate the outbreaks, practice contact tracing. You cannot preform brain surgery with a machete. Reality is high risk people like baby boomers need to isolate as much as possible. And lose the toilet paper masks. Go to a nanofilter and you go a long way to protecting yourself. Disinfect and Filter you in house air with a clean room, biolab filter system. As a point in fact we have the technology to turn your forced air system into a viral filter. And if you do not have forced air we will soon be introducing room air filter systems. We are negotiating with manufactures as we speak…..

All French regions placed on high virus alert – Macron

In a stark TV address to the nation, the French President warned: “The virus is circulating in France at a speed that even the most pessimistic forecasts had not anticipated.”We are all overwhelmed by a second wave which we know will arguably be tougher and more deadly than the first.”The new lockdown, which will run until December 1, will be reviewed every two weeks. It comes after 527 more deaths were recorded yesterday in France, the highest daily death toll since April, with 33,417 new confirmed cases in 24 hours. Under France’s new measures visits to care homes – which were banned during the country’s previous two-month lockdown – will still be allowed.

The virus is circulating in France at a speed that even the most pessimistic forecasts had not anticipated Emmanuel Macron

Mr Macron added: “If we do not put a brutal brake on contamination today, our hospitals will quickly become overwhelmed.”We will never let hundreds of thousands of our fellow citizens die. These are not our values.” Meanwhile, the EU’s top adviser on the pandemic warned most of the continent will have to go back into some form of lockdown.  Professor Peter Piot said people had “relaxed too much” on social distancing measures like mask wearing and now “we’re paying a high price”.

Cases are on the rise across Europe

8
Cases are on the rise across Europe

And he warned if current restrictions are eased too soon Europe may face “a third wave with maybe even more deaths”.  It comes as another 310 Brits were reported today to have died from coronavirus, as deaths double in just a fortnight. Brussels boss Ursula von der Leyen admitted Christmas will be “different” but said “a lot depends on behaviour from each individual in the next few weeks”. Mrs Merkel signed off on a second lockdown for all of November after an emergency meeting with state premiers from across Germany.  She admitted: “We are now at a point where, on average nationally, we no longer know where 75 per cent of infections come from.”

We are now at a point where, on average nationally, we no longer know where 75 per cent of infections come from Angela Merkel

Under the measures, due to come in on Monday morning, people will be restricted to meeting members of just one other household in public.  Bars, restaurants, gyms, and cultural venues will be ordered to close and hotels can only stay open for non-tourism related stays.  Schools and nurseries will be allowed to stay open as will shops so long as they impose hygiene measures and limit customer numbers. The plan says: “Families and friends should be able to meet each other even under Corona conditions during the Christmas season.”  In France, Mr Macron ordered bars, restaurants, and secondary schools to shutter as of midnight on Thursday. In France, schools and key public services were given a reprieve after doctors warned hospitals are just days from being overrun.  Europe is being ravaged by a second wave of the virus that experts are warning will be worse than the first. Authorities in Belgium, which has the highest case rate in the EU, are also eyeing a second national lockdown as early as this weekend.  Nick Note: This is getting more serious then a incubation tube down your throat hooked up to a ventilator. You heard about girls gone wild. In this case its the coronavirus gone wild. As in out of control….