Seems I picked a fine time to stop blogging.
Markets in turmoil, global pandemic, potential real estate catastrophe looming.
Couple of folks reached out to me over the past few days about opening the blog back up again. Totally get it, the blog was always a go-to stop in times of crisis/volatility.
So let’s open it back up a couple of days, not sure if anyone is going to come back, or if everyone has already found new stomping grounds.
To those who had reached out to me, I appreciate that. For those who were wondering, recent demands on my time were simply too great and I needed to find some way to scrape back even a few minutes a day.
It’s has been months now when Grim gave the signal to sell everthing stock up and and go dark. I just want you to all know that I sold my house, all my assets and when to god, gold and guns as soon as I got Grim’s last signal.
“Another good year for RE?” was the signal we had planned for the last 11 years, as the machines took over cyberspace and now a cybernetic virus attempts to eat out what remains of those of use still alive.
I sit here now in my underground doomsday bunker waiting for the next signal perhaps from one of his children when they finally grow up and realize that their Dad was the founder of the modern day real estate resistance.
RIP njrereport, this is the last ruse, another attempt by the Cybernetic Realtors to get us get us out into the light and double down on housing. Don’t fall for it.
That is some FRIST there
I sent a paranoid email to Grim asking to be unbanned some time ago.
In true dystopic fashion we should just let this last post run indefinitely.
Just remember the Chinese aren’t squeamish about holding you down and injecting you with experimental drugs, even the patented ones they steal from the US Drug companies.
This will be all over before you know it, human trials with experimental treatments began weeks ago in China. At least the ones we know about.
http://www.gabionline.net/Generics/News/Chinese-company-makes-copy-of-patented-coronavirus-treatment-remdesivir
Everyone. Four on the floor
https://m.youtube.com/watch?v=tE-E76qLjnY
Over/under on pumps posting time?
I guess we’re either junkies or true OG’s.
I truly think pumps is stupid enough to be queued up in Costco for paper towels.
Corona my ass!
I hope some of you listened to me about the bullsh1t that was the last three years of this market rally.
I honestly got completely out with about 5% damage. Saved my ass and I’ve been smiling every day since. I even put my 401k dollars into a stable fund. I have saved myself many 100s of 1000s. Bless this Trump clown and the idiocy of the fed. This drop isn’t even close to over, IMO. When we are all locked in our homes for the next two weeks, the real panic should set in and take another 10 to 20 percent off the market. We just need a few end of the world articles to get it done. Then I’m back in 100%! This was/is certainly the easiest market crash to play ever. And the temporary nature of it makes it a complete no-brainer.
I sincerely hope the rest of you were smart.
As for the last hurrah for the blog. I’ve moved on to politics on Facebook for the most part. Can’t wait for the debate on the 15th when the Dems realize the idiocy of their pick. At this point, HRC would have probably won if she was the nominee. Why settle for a neocon?
I seldom post in the comments — too many wackos… but I often use this page to look at the articles posted. I hope you will continue. :)
so now the mexicans who “fertilize” my garden are covering it with goddam chinese bat flu, and the ppt are all sleeping in cots on my trading floor, and i can’t move like a bitch on that little hottie over in the corner cubicle, and crushed valor isn’t an option in new teslas, and my underwater sandy rental now has 27 pakis living in it, but it’s all good cause each of them is paying me $500/month direct, and maybe when the bat flu shuts down all the convenience stores they work in, maybe i can get them to work on my garden, and then they won’t shit bat flu all over the place, but hey it’s all good.
boooooooooyah greedy grubbers!!!! stuck upside down in your crapshacks forever now, ya scurvy bastards!!!!! no full price offers for youuu!!!!!
smoke ‘em if you got ‘em folks. it is the end of days. exit light. it’s going to zero.
good to see stu long doom.
feels like 9/15/11 was just yesterday.
good times.
Another quandry to consider as I click the buy button for more ammo. Many trillions of dollars of negative rate bonds have been purchased and are being held now. Big institutions around the world have been buying sovereign bonds at rates of zero and even negative interest for a few years now.
Are US Treasury notes and bonds next? Will it be disregarded as a hedging mechanism because of the limited potential upside movement in that asset class. How will fund managers be able to generate the required yield needed through the US Treasuries. Investors must start now to prepare for alternatives. Once we hit bottom what will be the next investment class of this new decade?
since i live in the pri now, i’ve learned that a combination of unicorn skittles, malt liquor and dry riesling are an excellent immunization against covid 19.
off to the local wet market now to score some fresh bat meat…
glad to see juice box still = the human embodiment of zirp/nirp.
how many other ways of pushing on a string can you suggest for us?
A bit more from the coal mine I now call home, before the AI pulls the plug on this last bit of cyberspace not completely infected with talk of the virus.
Anyone who isn’t too new to the markets knows that deflation in the U.S. is politically impossible, it did not happen last time as the Fed intervened and will again. They will print until we are all dead.
I believe the asset of choice right now is short term money cash because people feel that the Federal Reserve will do something relatively soon that will cause stock prices to go up and then down and up then down until we are all sick of the ride. If you believe that scenario but don’t know exactly when in the near future the Federal Reserve will do its QE in some fashion they have yet to announce. My belief is that when the Fed attempts to restore the bull market, bond prices will fall, especially so since they’ve gone up so much.
So the play is? Raise short term cash money, wait for the Fed to do whatever it’s going to do, and then buy the dip in equities and, perhaps for some people, buy some bonds after they correct when equities are rising.
Time to get back to digging for coal….
surprised nobody’s touting the best investment going right now: expired fallout shelter saltine crackers.
it’s going to zero, folks. boooooooyaaaaahhh!!!!
hey juice: printing money is the ultimate deflationary act. 🤦♂️
have a weimar day.
off to the safe injection house…
deflationary credit collapse is your friend.
and to anyone who became an adult in 2011 or later, it is the only economic environment they’ve ever experienced as an adult.
that would be both my kids.
they have some very interesting ideas.
getting long chipotle…as a super vector for covid 19 transmission.
try the bat meat bowl. it’s all local wet market bat. 🤮
I still click on this site out of habit, what a happy surprise to see Grim posting! Just last week I contemplated removing it from my favorites.
The theatre where I work in Red Bank is still going with “ the show must go on”.
Bad real estate timing for me. I’m downsizing and in contract to buy but still have not listed my present property. I need to do renovations to the new place and some repairs to my place. Looks like I’ll be buying high and selling low.
Grim I hope your life frees up a bit and you get time to enjoy your family. Thanks for all these years with the blog.
An internet tale on preventing the Wuhan Wheeze…
From member of the Stanford hospital board. This is their feedback for now on Corona virus: The new Coronavirus may not show sign of infection for many days. How can one know if he/she is infected? By the time they have fever and/or cough and go to the hospital, the lung is usually 50% Fibrosis and it’s too late. Taiwan experts provide a simple self-check that we can do every morning. Take a deep breath and hold your breath for more than 10 seconds. If you complete it successfully without coughing, without discomfort, stiffness or tightness, etc., it proves there is no Fibrosis in the lungs, basically indicates no infection. In critical time, please self-check every morning in an environment with clean air. Serious excellent advice by Japanese doctors treating COVID-19 cases: Everyone should ensure your mouth & throat are moist, never dry. Take a few sips of water every 15 minutes at least. Why? Even if the virus gets into your mouth, drinking water or other liquids will wash them down through your throat and into the stomach. Once there, your stomach acid will kill all the virus. If you don’t drink enough water more regularly, the virus can enter your windpipe and into the lungs. That’s very dangerous. Please send and share this with family and friends. Take care everyone and may the world recover from this Coronavirus soon. IMPORTANT ANNOUNCEMENT – CORONAVIRUS 1. If you have a runny nose and sputum, you have a common cold 2. Coronavirus pneumonia is a dry cough with no runny nose. 3. This new virus is not heat-resistant and will be killed by a temperature of just 26/27 degrees. It hates the Sun. 4. If someone sneezes with it, it takes about 10 feet before it drops to the ground and is no longer airborne. 5. If it drops on a metal surface it will live for at least 12 hours – so if you come into contact with any metal surface – wash your hands as soon as you can with a bacterial soap. 6. On fabric it can survive for 6-12 hours. normal laundry detergent will kill it. 7. Drinking warm water is effective for all viruses. Try not to drink liquids with ice. 8. Wash your hands frequently as the virus can only live on your hands for 5-10 minutes, but – a lot can happen during that time – you can rub your eyes, pick your nose unwittingly and so on. 9. You should also gargle as a prevention. A simple solution of salt in warm water will suffice. 10. Can’t emphasis enough – drink plenty of water! THE SYMPTOMS 1. It will first infect the throat, so you’ll have a sore throat lasting 3/4 days 2. The virus then blends into a nasal fluid that enters the trachea and then the lungs, causing pneumonia. This takes about 5/6 days further. 3. With the pneumonia comes high fever and difficulty in breathing. 4. The nasal congestion is not like the normal kind. You feel like you’re drowning. It’s imperative you then seek immediate attention.
I would suggest we all do a get-together, but I doubt you pricks wash your hands.
I wash my prick does that count?
Juice: how legit do you think that advice is?
https://www.lamag.com/article/coronavirus-hoax-stanford/
total bunk…..fibrosis is scar tissue in your lungs, biopsy needed for that. Drinking water only gives you a faster delivery to your grave, hi-test booze killz the virus.
Fever, cough, and shortness of breath as the main symptoms as you drown in your own fluids and your organs fail from lack of oxygen.
Oh, you boomers. The drinking water thing is a chain letter – I see in various permutations – making waves around the net. What is it about being near fifty and the complete inability to distinguish written truth?
Eventually, when we’re all gone ti will just be thousands of toddlers roaming around and Pumps sitting on a pile of toilet paper rolls in his tacky af columnar house by the main road, posting on this blog.
clot: is the injection house in the PRI Greyhound station on the upper floor?
Did you locate the business so you could have brisk MD 20/20 and Colt 45 sales as people take a quick jump off the bus on a 15 minute layover?
…… you always were the shrewd one…….
PHI – ground zero.
Cuomo is going to ask Trump to drop the big one there.
Here is Clot escaping…
https://www.youtube.com/watch?v=FeBF5Fez1HE
https://www.ithaca.com/news/ithaca/tompkins-county-health-dept-two-more-people-under-investigation-for/article_3b14ba34-630e-11ea-82a9-27303d6e6342.html
David Bouley’s special bébés rats vivants
https://www.youtube.com/watch?v=myHCdK9OMec
I have a nice booking for Florida next month for spring break. Round trip tickets are now only $70 from EWR prime flight times too, got a great deal on a brand spanking new rental, a 6 br home with built in pool on a new golf course. Parks and all will be empty as mouth breathers are busy hunkering down in their double wides….I may get a sniffle and a dry cough out of it but hey cannot beat these end of the world travel deals…
Just 3 short weeks ago agents in Bergen County were telling stories about unprecedented attendance at open houses, bidding wars and a hot real estate market. Now with the Dow down 25% from the all time high, it sure is going to be an interesting Spring market.
Thanks Grim! glad it’s back
So I held off long enough to buy a house in NNJ.. Sold one of my RE abroad in January. Holding cash from that sale. So can make 400K down on a 600K house now… Thought houses are overpriced and don’t wanna go beyond 600K/13K taxes..
What do you guys think??. Wait until may or 2021??.
Vegas $108 RT (Going 5/4 to 5/8)
Toronto (booked too early) 5/16-5/20 $150 RT
Just saw Jet Blue JFK to Orlando all non-stop – $70 basic. $103 regular RT
re: Wait
Why don’t you offer 25% off the house you want to match the markets, with the offer expiring in two days? That would make a few peoples heads spin.
I’m here, thanks to Grim, but am too busy managing crashing stocks to say much beyond stay healthy and safe, and I hope you all listened to libturd, saved money, and didnt take on much debt. Maybe refinance your mortgage for lower rates if you have one.
Hot damn I miss this.
And just like that the man behind the curtain waived his magic wand and poof just like that 1.5 Trillon magically appeared.
Must have been one hell of a margin call….
In all, the new moves pump in up to $1.5 trillion into the financial system in an effort to combat potential freezes brought on by the coronavirus…..
Under the new regime, the Fed will extend its purchases “across a range of maturities” to include bills, notes, Treasury Inflation-Protected Securities and other instruments. The central bank will begin purchasing coupon-bearing securities, something market participants have been clamoring for since late 2019.
The purchases start Thursday and will continue through April 13.
The second part of the new operations will see the New York Fed desk offer $500 billion in a three-month repo operation and a one-month operation. The offerings will happen on a weekly basis through the remainder of the program.
In addition, the Fed will continue to offer at least $175 billion in overnight repos and $45 billion in two-week operations. Repos are short-term operations in which financial institutions provide high-quality collateral in exchange for cash reserves they use to operate.
https://www.cnbc.com/2020/03/12/fed-to-pump-more-than-500-billion-into-short-term-bank-funding-expand-types-of-security-purchases.html
It’s absolutely absurd. I feel like I am playing don’t pass on the cr@ps table. Nearly everyone I know is still long and strong this crash. They bought the Trump Kool-Aid, hook, line and sinker. I am honestly cheering for further losses to get back in lower. Go 7!
Turd at least craps is based upon real odds. In our casino the house always wins. The housing bailout was much much bigger and continued for years. Federal Reserve back then made loans and purchases as much as $22 trillion depending on who you believe, between three facilities CBLS, PDCF, and TAF.
This scare is but mere bump, and the roller coaster is moving allot faster too this time around. The next bailout is always bigger than the last… We ain’t there yet folks, this roller coaster has a few more dips and even some flips ahead!
Turd at least cr@aps is based upon real odds. In our casino the house always wins. The housing bailout was much much bigger and continued for years. Federal Reserve back then made loans and purchases as much as $22 trillion depending on who you believe, between three facilities CBLS, PDCF, and TAF.
This scare is but mere bump, and the roller coaster is moving allot faster this time around. The next bailout is always bigger than the last… We ain’t there yet folks, this roller coaster has a few more dips and even some flips ahead!
It looks so tempting to on the 1-3 year chart at the LT support.
But damn, zoom out a bit further and you realize just how far we’ve come in a short amount of time.
I just may fire something off into the abyss now that I know we will print and prop our way out of this.
Haven’t we learned anything from JJ?
I’m buying URW stock at 80
Meant 79
Sorry 71
Jus havin some fun
Teachers rejoice as Bayonne closes schools until March 30th. No order from NJ Department of Health (DOH) either and nobody sick in Bayonne or even nearby.
I hope mommy and daddy saved up some money for a rainy day, as it’s expensive to find someone to watch them for two weeks as the parents cannot all stay home.
Honoring clot’s cameo today………
Disturbing video shows a mentally ill woman casually strolling down a British street with her mother’s severed head in a plastic bag — moments before she took it out and kissed it, according to reports.
Odessa Carey, 36, who suffers from schizophrenia, beat her 73-year-old mom to death with a mallet last April, and then left their home in Newcastle acting as if nothing had happened, Newcastle Crown Court heard.
Once back home, she decapitated her mom’s body with scissors and knives, even removing the brain, the court heard, according to the Newcastle Evening Chronicle.
British woman killed mother, kissed her decapitated head: prosecutor
She was then caught on video walking through the street holding a plastic shopping bag containing the head of her mom, also named Odessa Carey, the report says.
She also visited a number of friends — even pulling the head out and kissing it on the forehead in front of one of them, the court heard. She was later arrested hiding in the attic of a nearby house.
Judge Paul Sloan ruled that Carey had killed her mother but was not fit to stand trial on her murder charge, the Chronicle said. She was sentenced to a hospital order.
“You pose a very considerable risk if set at large,” the judge told her, according to the report. “It’s necessary for the protection of the public from serious harm that you be subject to a restriction order — i.e. subject to special restrictions before you could ever be discharged from hospital.”
JJ disappeared soon after his bottom fishing expedition in Puerto Rican bonds appeared to go wrong. Coincidence?
Hope for the best but be prepared for something much worse, I say.
The end of times forum is back, just in time. Nice to see you all.
Smoke ’em if you got ’em.
Here is my question to the asses. Why is everyone running out like morons to buy wipes and Purell. We are all going to be locked in our homes for the next two to four weeks. If you stay in your home, you only need soap and water. If you don’t let anyone in from the outside, you need not worry. Yet everyone and their mother is running all over the place to find the last roll of toilet paper and waiting in huge lines at the supermarkets and warehouse centers that are serving as giant Petri dishes to spread this dangerous virus. I left my house once today to pick up Gator Jr. from school. D is already on hiatus. Tomorrow, I’ll take him to school and it’s the last time I expect to go out until April. Our pantry is always overfull anyway. Seriously. People are SOOOOOOO stupid. And yes, I understand math and know my extra caution until Monday is probably unwarranted. But due to the 5-day invisible incubation period and a scare we already experienced, it’s easily worth the sacrifice. Don’t you all agree?
Second, What’s the best, most inexpensive VPN. I plan to download the sh1t out of old movies the next month and would like to do it without Verizon threatening me. Any suggestions? It need not be super easy nor super powerful. I just need to be able download torrents anonymously. Thanks for the advice my geeky friends.
Windscribe
Man….. The Fanduel odds on pumps post where totally off…. I should have hedged my investments again them….. I wouldn’t have been so fcuked……
The biggest economic boom of the century starts in 2020..
-The great Pumpkin
This is the perfect time to plan the next Ocean’s 14 robbery and I mean rob THE bank! Soon everyone even the cops will be afraid of the Wuhan Wheeze that the cops even respond to any kind of alarm or disturbance especially caused by a bunch of infected rioting patients trying to get meds that are just too damm expensive at $7k a dose.
There is a one million cubic ft vault nearby that stores 60 billion cold hard cash. But that is not the target, it’s only the distraction. The real target target is the secure wire facility. All banking institutions use it daily between the hours of 8:30 a.m to 6:30 p.m to process trillions and it’s not subject to any waiting period, which is fatal flaw in design of one built on today’s Capitalist mentality, a system designed by pure hubris, a system that thinks it’s is too big to fail.
We have now gotten the green light from Bernie, if we don’t do it now he cannot win in November. The Bernie bros need to take down the system and take it down now, and the only way to do it is to drain everyone’s account and blame it on Chinese Russian cabal of hackers hired by the Drump Jr.
Plot thickens as we find out the Bernie Bros are all bearded gender neutral millennials, survivors of the great recession they all sling coffee for a living, and none give a damm anymore…
Chi – Revelation 13:15–18. you have the say the number of the beast three times…
Turd – re: “buy wipes and Purell”.
It’s simple, soft Cottonelle is a hedge against currency. Nobody is going to take worthless Benjamins that are just too damn rough to do the job.
The Purell play is about a cheap high, it’s disguises itself as and acceptable hand cleaner to be carrying around at all times but it’s real intention is a cheap quick high.
So, I’m curious….
I couldn’t take it and sent Grim an email that said “don’t ban me, bro!” and asked him what I had done wrong that my blog screen hasn’t refreshed since January.
How did we all know to find each other here today? Do you check in daily with the hope that it will be back up?
abeiz – Got an email this morning from an AI claiming to be Grim. It told me one more time.
I miss you guys!
I just spent a minute or two with my beautiful wife, the mother of my children. A woman who gets up at 4 am to go work out and then head to wall street to slay dragons. She is spent from today, which really means to me it’s a rare day. I may get eaten alive tonight.
Pray I do…
My 2 cents predictions,
COVID19 caused SARS2 is the best thing that can happened at this time for this country, even if I’m at very high risk as Respiratory Therapist in a federal facility that is rationing mask to staff and asking to be reused because they refused to buy supplies in January as they were over budget, the Hospital Director actually sent an email about it in late January.
Because we are a federal facility we are outside NY State DOH regulation. Dunner Krugger fat old menopausal women managers in full effect. Nature is not PC and will not give you a break for stupidity. Proper wear is Haz Mat B Level suit, A suit preferred for the messy stuff. Try to find one.
The reason there are not enough COVID19 test kits is that the infrastructure to built it is outside the country. Got to wait for parts to assemble it.
However globalization is a b1tch. Getting mask, ppe and medical supplies from a third world place is not that smart now. Only the drug addle locust boomer generation is that stupid.
1- Globalization – Gone, it looks they flew a Boeing plane, which Boeing looks like GE too – is Gone.
2- Amazon, WalMart cheap stuff business model – Gone
3-Part time, no benefits, no guarantee hours employment (McJobs), biggest issues stores are having is these bottom employees are not showing up, they are giving the middle finger – Gone
4- Defacto Medicare For All, when US Dept of Health & Human Services’s CMMS has to financially and operationally bail out hospitals – specially in rural red states. Think US Army nationalizing the Railroads during WW1. This time includes building factories.
5- Neo-liberal economics and privatization – Gone.
6-Saudi Arabia showing that is Alpha Male in oil, but how long can they hold on when they live check to check. Russia sees that oil is coming to end, marketshare is key and they have big Sovereign Wealth Fund. Both selling assets to pay for p1ss1ng contest, last man standing wins Middle East Alpha Male.
7-Full realization of above, along with Trump being the greatest example of a boomer, are great driver of stock market going down.
For most people high fever and nothing much. A small group will get a nasty pneumonia, keep moist as cough it up (it will hurt as hell) but it works, this is what kills the old and sick . A smaller group will have an immune system reaction (Cytokine Storm) which will cause Acute Respiratory Distress Syndrome and multi-organ failure, this is the problem that kill the healthy young ones.
What is going to cause that this becomes way worse than needs to be is that to reach the land of solutions you are going to have to overcome and kill the driving ideologies of the past 40 yrs (list above). New York City’s Health & Hospitals was born out of the 1918 Flue epidemic. They learn they need to take care of the maids in the tenements to avoid disasters.
Ayn Rand looks really ugly and bad right now. Is sort of waking up in the morning with her next to you after a wild night at Trump’s Moscow party.
Phoenix: you use Pro or are you good with the limited servers on regular?
I have read the blog for years and appreciate all of the content. I live in FL now and still learn so much from reading. I enjoyed all the Lowe’s, and Home Depot tips from “ Captain Cheepo “ and respect the fact that he did it right and ran his property on his terms. I wonder if the “ Uber “ inspector is still “ Uber “ ? Where is Hunter ? Where are the Jill’s… and last but not least… Beuhler, Beuhler, ? J.J. ?, J.J. ? All in good fun, and great respect… please continue the blog.
Congrats Grim! So glad you are back. :)
Happy to see folks here again… I’ve missed the articles and the contributions. Plus I’m already getting some helpful insights. Nice to know about the new Coronavirus hoaxes going viral. In February some very reputable sites had me making homemade vodka hand sanitizers. Then I learned my artisan potions made with soothing aloe have pretty much zero effectiveness. I have the product in beautiful travel size squeeze bottle with fabulous all natural scents such as Rosemary and Lavender. I was planning to peddle this concept to high end retailers like Neiman Marcus, Bloomingdale’s and Nordstrom’s as craft made products for their Christmas catalog offerings. Damn you Coronavirus hoax!! At least my creations smell nice and leave your hands soft when you use after washing. My friends and family will all be getting one for Christmas as I rebrand as an artisan after wash hand conditioner.
Also, FYI a scientist friend of mine advised not to bother with hand sanitizers. Mostly they just kill 100% germs. Germs are not viruses. You need to read the labels carefully. Clorox wipes do the trick but still read the labels to be sure you have the correct item.
Lib,
I have pro. They had a special 20.00 for one year. It has an interesting feature, an ad blocker-works quite well on many websites. I have PIA as well, it does not have that ad-blocking feature, so I don’t use it as much, but I bought a 3 year subscription so it’s still available. One thing I found with Windscribe is some websites won’t allow it at all with this ad blocking feature active which makes it annoying. Google seems to be the culprit there as it’s their ad services. Soon I’m going to make a Pi-hole, look it up, it’s an ad blocker you attach to your router. Just have not had the time yet. You can try Windscribe for free to see if you like it. For some of the sites I visit the ad blocking makes it worth it.
“Also, FYI a scientist friend of mine advised not to bother with hand sanitizers. Mostly they just kill 100% germs. Germs are not viruses.”
Bacteria and viruses are both types of germs. Alcohol sanitizer works well against corona virus. It will not work against C Diff, another pathogen, bleach works against that along with hand washing.
The major advantage of alcohol is time. Alcohol works very quickly. Bleach requires contact time. Both are very good. But alcohol is very fast and very effective.
However, Bernie Sanders says “No Purell! I’ve got a bottle of that junk, and on the label, it says it kills 99.99% of germs. What happens to the top .01%?! Why are we protecting them?” he asks. “Just use good old fashioned bar soap and scalding hot water.”
That was fast. Yesterday after insisting all morning the show was on the Count Basie Theatre in Red Bank, by the afternoon they had postponed all shows for the next two weeks.
Glad I make alcohol, unlimited supply of 95%.
And if we go out of business, we can just drink ourselves silly for the next few decades.
drinks in the house
A family in the town next to us has tested positive. That school district has closed for the rest of the week. Next week is their spring break. I think they are staying closed the week after. A few major districts in the DFW area already closed by adding a week or two to their spring break.
The local grocery stores instantly look like Russia in the 80s. Toilet paper and cleaning supplies gone. Pasta, canned soups and fruits less than 10% of the shelf space have stuff.
My wife doesn’t think I’m so crazy anymore for wanting to have at least 4 weeks of food and buying another pack of toilet paper every time we open the last pack, even if it’s a 30 roll from Costco.
Call me old school, but we have a pantry. Events like this are good for cleaning them out once in a while. Why a pantry? To buy sh1t when it goes on sale rather than when you need it and would have paid full price. Here’s a Captain Cheapo Exclusive that saves me about $75 in about a half hour’s time.
https://www.livingrichwithcoupons.com/
Just go to whichever supermarket you regularly use and look up their weekly match-ups. These are a list of what is on sale plus also offers an additional discount either through a manufacturer’s coupon or a cash back service like SavingStar or Ibotta. The key though is to be disciplined about only buying what you’ll use. Otherwise, you’ll fill up your pantry with free toothpaste and antacids and microwave popcorn. Gator and I shop about every week and one half. It’s usually prompted by us running out of milk. Our average receipt for a family of five is about $150 of which savings usually amount to $100 to $125. By the end of the year, you will have easily saved over $3,000. Now take that $3,000 and stick it in an IRA. Do this from age 20 to age 60. You should end up with close to one million dollars. A million dollars for spending thirty minutes per week couponing. My friends call me crazy. I call my friends stupid.
In other news. We are pretty much self quarantining for the next two weeks (for starters). When I went to Dunkin this morning to get my free drink and donut before they expired, I noticed about ten people walk in the door, oblivious of the high risk of touching the door handles. Of course, I used my elbows and have Purell and wipes in the car. I watched the woman make my coffee and she did have gloves on which she changed right before making my cappuccino. But the customers. A lot of them clearly medical practitioners (in scrubs) and high school kids, chose to use the door handle as is. I hope in a weeks time, when the one case in Montclair explodes to 30, they’ll learn.
But this explains why we are going into shelter mode. Too many people still don’t get it. They will by next Friday, when each of us know someone who has it.
I estimate Costco is currently making a billion dollars a day.
Libturd
I not only have a full pantry I have about 1 month supply of long life prepper food from augason farms. Also have life straws in case our local water gets tainted
My last few grocery store trips I noticed almost everyone was wiping the handles of the carts down with those sanitizer wipes. I rarely saw anyone wiping the handles down before. I even saw someone wearing medical grade disposable gloves. My local grocery ran out of those wipes for carts and was using rolls of paper towels and foaming hand sanitizer.
If you have pets don’t forget to load up on food for them and litter or whatever else you need.
It’s possible the supply chain gets interrupted it could take weeks after the quarantine ends before stuff is back in stock
Thinking about ordering some tang too. Can store more in a small area than bottled Gatorade and can used as an electrolyte replacement
Chifi (from above)-
as always, i’m long whiskey, malt liquor and .223.
just using my retail store to spread the joy.
the injection house here is lovely.
biggest bummer here in the pri is no cornell lacrosse.
season cancelled.
decisons decisons……..I did a quick count this morning. 32 rolls of TP.
Is that enough? Should I dare venture out of my coal mine to get more? Should I pack a peacekeeper just in case there is a standoff over who gets the last roll?
Juice box
Buy newspapers as an emergency backup. You can pretend you are behind the iron curtain while sitting on the porcelain throne .
re: emergency backup….I was thinking of using the three seashells.
I already had 2 turkeys and 5 rabbits in the freezer. I made 5 slabs of bacon from pork belly over the fall. That’s in the freezer as well. I planted about 40 extra leafy green seedlings and buried an additional 20 potatoes. I can crank out food until November most likely. Combine that with 20 fruit trees…I’m fine. If you go into my basement, I’ve got a full 4 level shelf with all foods I preserved.
I enjoy seeing the empty shelves. It gives people a taste of what it’s like to live under social1st rule.
My school cancelled for the next 2 weeks, likely 3 as we go into Spring Break so…4.
I bought stocks yesterday and today. I think by the summer, this will be a distant memory.
Didn’t Sandra Bullock have the sickest body in that movie….. she was dressed in the 1993 version of Lululemon….
Juice Box says:
March 13, 2020 at 10:39 am
re: emergency backup….I was thinking of using the three seashells.
Glad the blog is back!!
Insanity.
For three days now I’ve walked into my local ACME or Trader Joes, saw the madness turned around and left. It’s day four now and I had to bite the bullet and go shopping.
I took a work call out of the car at 9:45, was in the store at 10 and left at 11:24. I feel for the TJ workers who have to work these grueling panic days.
The infected doc that has been pimping portable ultrasound on twitter for GE, anyone buy one?
https://twitter.com/yaletung/status/1238369049039515649
Going to get a great garden going this year, especially since ill probably be working from home instead of watering at 5:30 am or 8:00 pm
My school district is closed for the next two weeks. Governor Abbott just declared a state of disaster. We had 5 people test positive yesterday in the DFW area. I think we will be hunkering down for the next two weeks at least .
We can sit back and watch the carnage in Europe . Supposedly Italy is about 10 days ahead of the rest of Europe in terms of getting overwhelmed by cases.
Thanks for turning it on again Grim for however long you can.
The bigger Roche system can do 4,000 tests per day. On TV last night, Cleveland Clinic CEO interviewed and said they are doing on site COVID 19 testing and results within 8 hrs. Much quicker than the 4-5 days that it takes with manual instrumentation.
https://www.bloomberg.com/news/articles/2020-03-13/roche-gets-clearance-for-coronavirus-test-that-s-10-times-faster
On the China thing, food for thought: perhaps now we wake up, lots of things we should make here for a variety of reasons.
1. The U.S. is Dependent on China for Penicillin and Many Other Life-Saving Antibiotics and Generic Medicines.
The United States can no longer make penicillin. In 2004, the last U.S. penicillin fermentation plant in Syracuse, New York announced it was closing.
https://energycommerce.house.gov/sites/democrats.energycommerce.house.gov/files/documents/Testimony-Gibson-API_103019.pdf
Stay safe everyone.
Europe is now the epicenter
250 died in Italy in the last 24 hours
Spain had 120.
Nine more European countries have closed their borders to non residents . France and Switzerland have closed their schools
Agreed completely. Unfortunately, by the time we’re coming out of this, the leaders of the country and large corporations will say it’s still too costly to manufacture here. And by the time the next generation of leaders are in place, too many of them if not all will have forgotten.
Nomad says:
March 13, 2020 at 1:56 pm
On the China thing, food for thought: perhaps now we wake up, lots of things we should make here for a variety of reasons.
On the campaign trail 2020 (clot edition):
Florida gubernatorial candidate turned CNN political commentator Andrew Gillum was found in an inebriated state in a Miami Beach hotel room early Friday where cops also found baggies of crystal meth, according to the Miami New Times.
Gillum, a Democrat who lost to Gov. Ron DeSantis in 2018, was found inside a room at the Mondrian South Beach hotel “under the influence of an unknown substance,” according to a police report obtained by the news outlet.
My kids go back April 3rd, online schooling starts on Wednesday. Lucky the Wife is a teacher and will have a similar layoff. Bottle King was packed too.
Wayne schools closed for a month…
Interesting that most other districts did two weeks only.
If Pumps was your teacher, it never opened!
Judging by the willingness of people to crowd together at supermarkets, knowing there are most likely people infected, but not showing symptoms. This countries healthcare system is about to become completely fukced. The fact the White House is not taking it seriously scares the crap outta me. Forget the bounce back in stocks today. When people begin dying (that we all know) in the following three weeks, this market is REALLY going to crash for it will be way to late to get a handle on it.
Abeiz
Maybe it has something to do with spring break. Schools in my area are on spring break this week or next week and have added two weeks to spring break. If the virus is hitting the US in a week or two like it is in Italy I would think it would be extended again.
Schools might have decided to already extend it longer than two weeks but don’t want to deal with parent and staff backlash.
Next two weeks schools are closed in Middletown then it’s spring break.
Unintended consequences…this could actually start a depression if every school systems closes. Many many parents can not afford to stay home or simply can’t these people are cops, nurses, workers in stores and the services industries. Who is going to watch their kids?
I see lots of bankruptcy,divorce, job losses and general economic downturn everywhere now.
Yep spring break adds the 4th week.
Tell people to stock up on birth control while they are out – I expect an epic baby boom.
Libturd,
I would think when the cases start mounting in Germany and France like they are in Italy stocks in Europe will crash. Saw bbc on YouTube about Italy and it was as bad as Wuhan. If wealthy northern Italy’s healthcare system is overwhelmed all countries systems will get overwhelmed if the speed of infection can’t be slowed down.
Hopefully schools closing, businesses asking people to work remotely, and banning large gatherings will keep us from turning into Italy or Wuhan.
Wife’s company is doing alternating weeks remote. We are not doing anything official yet but with the schools now all closing expect lots of people will want to be remote.
I have been researching the testing regimen for the corona virus.
Seems the PCR test being used has a specificity of 90 percent. This means 10 out of every 100 people are going to show up positive even though the corona-virus is not actually in them. That is problematic. You will get quarantined and rested and have a CTS scan etc. That gets expensive…
Here is the math for the geeks that care.
https://towardsdatascience.com/statistics-and-unreliable-tests-coronavirus-is-difficult-to-contain-e113b5c0967c
lol re-tested and CT scan…yes I do need glasses but I am stubborn and won’t accept it, I would rather make the font larger…
Lib,
http://www.cidrap.umn.edu/news-perspective/2020/03/ecdc-covid-19-not-containable-set-overwhelm-hospitals
Google Michael Osterholm, he is at Univ MN. Well regarded expert. Joe Rogan interviewed him. Very very concerning.
Nomad – data from Taiwan, Singapore and Hong Kong shows otherwise, and the fact he was on Rogan? Cumon dude….
https://www.npr.org/sections/goatsandsoda/2020/03/13/814709530/with-odds-against-it-taiwan-keeps-coronavirus-corralled
Juice,
Fair point and I thought the same but he was just on a webcast w NY Academy of Sciences which I believe is a reputable organization. The entire thing is going to be a lot harder than most realize. Lots of diabetes and obesity in our population which doesn’t bode well.
https://www.nyas.org/events/2020/webinar-what-you-need-to-know-about-the-new-coronavirus-covid-19/
The second season of kingdom starts tonight. Perfect timing
Data says a diabetic fatso who smokes dies from the flu just as much or more.
I have read anything from less than one percent to as high as 6 percent death with infection rate will be at max 60%. A virus that causes pneumonia and and ensuing storm of viral replication, immune hyper-reactivity, and pulmonary destruction\
Fun times drink up!
I’ll tell you who doesn’t get it. Teenagers. I watched them all during lunch yesterday. They are scared of getting sick…but take things like their apple core and toss it around the table at each other. Then they each pass a bottle around and try to flip it from the handle. They eat everything off the table. Just looking around…if 1 kid was infected, the whole school would be within 2 weeks.
Unintended consequences…this could actually start a depression if every school systems closes. Many many parents can not afford to stay home or simply can’t these people are cops, nurses, workers in stores and the services industries. Who is going to watch their kids?
I see lots of bankruptcy,divorce, job losses and general economic downturn everywhere now.
I was contemplating a bootleg daycare
The U.K. is trying to flatten the curve. Their theory is they can’t contain it, but by slowing the rate of spread, cases in the U.K. will peak in the summer when there is traditionally much less use of their hospitals so they will be better able to handle the corona cases. I guess they are hoping flu season is over before corona kicks in and are trying to avoid Italy’s situation. Italy is putting patients on cots in warehouses and tents because the hospitals are overflowing already. And it hasn’t peaked there yet.
Blue – We just texted my son’s tutor. She is a full time teacher here,seems capitalist at heart she will come by for $80 an hour next week, and listed her cancelled slots. I will take the slot I want, and KEEP IT.
Cheers
Germany and Switzerland are supposed to peak in early April and Britain in mid April as per the Guardian Newspaper.
Yeah, I’m not sure if my tutoring goes up or down. On one hand…the kids aren’t getting tested in school, so no need to prepare. If the college board doesn’t alter the AP testing dates, I could see it going up. I’m content to tutor zero people over the next 4 weeks. Tutoring 15 students a week for 6 years straight takes its toll on your health. I rode my bike today. I’m just going to try to get my health significantly improved over the next 4 weeks if I can.
Although…my immune system is a tank. Perk of the job. I literally can walk through a pack of kids with stomach virus or flu and be unaffected.
Hey all..wow, glad to see site is back. Even a clot appearance which was long overdue but understandable as place deteriorated into a mental patient’s gibberish. Hope everyone is keeping safe. Grim, one request while we have time – please place “Another good year for RE?” as main article each day and allow comments? It might trick a certain somebody from thinking site is back. Cheers.
Zerohedge is the kgb…
https://newrepublic.com/article/156788/zero-hedge-russian-trojan-horse
Re: Zero blog
There has always been lots money to be made in unreality, just look at the cable news, it only takes 15 minutes to report the real news of the day, but the need is to fill 24 hours of airtime to make money. Years ago I used to listen to 1010 wins on my drive to work, Got my real time news just fine in those 10 minutes, and then flipped over to a music channel for the rest of my drive.
Point is change the channel and change it often. I have to look at a dozen or so sites today to figure out for myself what is really going on in the world we live in today.
No text of the corona virus bill that just passed the house has been Released. I wonder what kind of pork is in it.
https://www.congress.gov/bill/116th-congress/house-bill/6288/text?r=1&s=1
Follow the money, always. You are a fool unless you have cleared the high hurdles to make sure you are not in a hall of mirrors.
All the intelligence agencies (Chinese, Russian. Cuban, Iranian,etc) use straw agents to form and run their propaganda in their target country or ethnic niche. Chinese have their han community. Cuba targeted Puerto Ricans. Iranians the religious angle and Persian pride. Russians and old Commies are the most clear headed and cynicals, is money or honey pot of s3x.
So they are journalist or writers? Who buys their articles? books? What publishing house? How is their business structure? Who seems to pay for stuff – lots of freebies? BTW – here a lot of right wing media people are way guilty, as they are surreptiously funded by ideological thin tanks or vested interests (Mercers, Kochs ,etc)
Text of the bill passed it out, backstop provided to states for unemployment claims. They are expecting a massive increase in unemployment.
https://www.congress.gov/116/bills/hr6201/BILLS-116hr6201ih.pdf
7 am this morning my Walmart has no eggs, toilet paper, paper towels, hand sanitizer, or rubbing alcohol. Almost emptied of canned soup, maybe 20 boxes of pasta left.
That was before Spain announced 1,500 more cases and is going to do a two week lock down like Italy
I bought some grain alcohol to mix with aloe Vera to be a hand sanitizer and backup disinfectant. Who knows when Lysol wipes and rubbing alcohol will come back. Already have a stash of them but wanted grain for backup
talk about from the frying pan to the fire.
Wuhan soccer team leaving Spain to escape virus.
MADRID (AP) — The Chinese soccer team that was originally stuck in Spain because of the coronavirus outbreak is going back home to try to avoid its rapid spread in Europe.
Comrade De Blazio wants to take over and run the hand sanitizer factories 24 x 7.
News Flash Comrade, Charmin and Cottonelle are running their factories 24 x7 already, so are Gojo (Purell) and others.
https://twitter.com/i/status/1238852442382426119
Taekwondo classes were nearly empty today, and no line at dunkin do nuts.
Layoffs to begin soon for sure. With the new Warn notice changes in NJ allot of companies are going to run afoul of the law.
GoJo is hiring.
https://www.facebook.com/woosterchamber/videos/827611097650400/
Real information on how the Covid-19 PCR testing actually works courtesy of the Chinese. I wish our media would report this correctly.
Note: subtitles in English.
https://youtu.be/-1UWBNCZ33k
Its funny how juicebox went from total sarcastic to panic in less than 24 hours… LOL
France just ordered all non essential public places to close and for people to stay home as much as possible. I bet we do that over here in a week or two.
As we all know….. the Coronavirus started in the U.S.
“On February 14, the US Centers for Disease Control and Prevention (CDC) said they will begin to test individuals with influenza-like-illness for the novel coronavirus at public health labs in Los Angeles, San Francisco, Seattle, Chicago, and New York City.”
https://www.globalresearch.ca/covid-19-further-evidence-virus-originated-us/5706078
ChiFi,,
Globalresearch is a cousin of ZeroHedge, treat with care.
If you want to be conspiratorial more likely it escaped from Wuhan’s Level 4 Lab and China gave it to the world. To save face and blame start a disinformation campaign.
Boomer Remover…
https://www.newsweek.com/boomer-remover-meme-trends-virus-coronavirus-social-media-covid-19-baby-boomers-1492190
kiss yer asses goodbye, bitchezzzz
hope all is well Grim
It’s all fun and games until a pandemic hits.
Via NJMLS there are 771 open houses scheduled today. NJMLS recommended protocols for open houses:
For all open houses during this period, please follow these best practices:
Do not shake hands with visitors.
Provide hand-sanitizers at the entryway and request all visitors to disinfect their hands upon
entering the home. Also make sure to provide soap and disposable paper towels in bathrooms.
Do not serve food and drinks.
If you plan to clean before the open house, check with your owner in advance about any
products to use. After the open house, recommend that your client clean and disinfect their
home, especially commonly touched areas like doorknobs and faucet handles.
Common sense would dictate that anyone seriously shopping for a home like yours will see it via an agent without the need for an open house. Why would you invite all the potentially infected tire kickers and curiosity seekers into your home? The NJMLS and all other MLS’s and boards of Realtors should suspend the practice until this virus blows over. Open houses are a marketing tool for agents to find buyers and sellers. They do nothing for the seller who’s home is for sale.
Hoboken closes bars.
End of the world.
Why would you invite all the potentially infected tire kickers and curiosity seekers into your home? The NJMLS and all other MLS’s and boards of Realtors should suspend the practice until this virus blows over.
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Like that will ever happen.
There has never been a better time to buy a house, where else will you quarantine?
Many countries around the world are facing problems because of the coronavirus that is spreading globally and are afraid of a global recession. Central Banks are thinking of solutions to deal with the big economic problems that will be caused and preparing for a possible economic crisis. The stock markets are crashing, businesses and banks are already facing liquidity problems and as the data show, things will get worse the next weeks.
We are on the edge of a global economic collapse and many people, as it seems, are unprepared and it’s the main reason that panic is everywhere, but most importantly, banks and governments are unprepared as they also were in 2008. Businesses and employees are worried for their expenses and their reduced income because of lockdowns and investors are seeing the value of their portfolio shrinking. The main question is, how well prepared are we for another economic crisis?
The most important thing, when a crisis is about to happen, is liquidity. Liquidity means how much money you have available right now. In order to survive an economic crisis, it is required to remain calm, have a good plan and strategy, not act too fast and definitely to have patience. What do we need?
1. Emergency Fund: It is essential to have an emergency fund of at least 6 months (measured in overall monthly expenses) where you will contribute an amount each month and you will only use in case of an emergency. Furthermore, having a budget and tracking your expenses in details for each category is very important in order to create a good emergency fund and know what you really need. If you have your money in a bank account, it would be better to get them out, have cash in hand and take them home. If an economic crisis hits, banks will have liquidity problems, which means that they will impose limits in withdrawals and some may go bankrupt which will lead to not having access to your money.
2. Reduce Expenses: The best you can do before and during an economic crisis is to limit your expenses. Do not buy things you don’t need, try not to spend much and eat out, live as simplier as you can for some time and definitely do not buy a car or a house, it’s not the time for that. You need as much liquidity as possible, you need to save as much as possible and if you are thinking of buying a car or a house, you should wait until the economy stabilizes, not only for liquidity reasons, but also because house prices and other things tend to have reduced prices as compared to before the crisis.
3. Pay Off Debt: If you have debt, either it comes from bank loans, credit cards or just bills, you should better pay them off as fast as you can and not let them rise. During a recession, many people may lose their jobs or even their homes, leading them to a dead end, especially if they haven’t built an emergency fund and they don’t have a plan.
4. Liquidation of assets: If you have assets like real estate or cars that you want to sell, then better do it the faster you can. This is because you need the liquidity before the crisis hits and during or shortly after that, you will not find buyers very easily and prices will have fallen too.
5. Alternative Income Sources: Having multiple income streams is important, not only during a recession, but generally in your life, especially if you are an employee and you have a stable income. Some alternative income sources might be renting real estate, dividends from stocks or selling your own handmade stuff and finally in the era of internet it’s easy to make money either from websites or apps by making different tasks, writing articles or by creating your own website or online business that you will manage in your free time.
6. Investments: During a recession, many small investors panic and worry for their investments thinking if they should sell, hold or buy precious metals for hedging. Here is the thing, you can’t time the market and if you are a long-term investor in good companies, then you have not much to worry about. When markets crash, it’s the best time for an investor to buy stocks of good companies and generally assets that are worth it. In the long-term, the good assets tend to increase and overcome any difficulties when the recession is over. As for the precious metals such as Gold, even though they tend to increase when the economy is unstable, they do not perform well during an economic crisis which means that you should not bet your money there. With that said, you should continue contributing to your retirement plan, if you have one and you should. The best solution is to have a good diversified portfolio, have a risk management plan and be ready to buy and invest in the assets and companies that are worth it and you like, when the markets crash. You are given a big opportunity.
7. Patience: Don’t let fear control you. If you are well prepared, you have nothing to be afraid of and the best you can do is wait for the situation to clear up and the economy to stabilize again. Remain calm, follow your strategy and plan that you should have built and everything will be fine. Every crisis sooner or later passes.
Bonus: Look for new emerging technologies like Blockchain, digital assets and AI both as a solution to some of your problems, either you are a company or an individual, and as an investment. Look into the future and see what technologies will thrive and why. Have you wondered why companies invest more in technology during or after a recession? Companies are vulnerable and new technologies are a solution to many problems, making these companies more transparent, more flexible, and more efficient. The global economy is becoming more and more digital and decentralization and transparency are more important than ever before. This is the start of the digital era.
combined supply and demand shock, means unavoidable recession.How long this time is the only question, will it be v shaped or u shaped?
checkevflights again today they are insanely cheap..
Panic is good for media’s business model. Panic causes a market crash and a market crash hits Trump where it hurts, because he with his ever insatiable ego took ownership of the bull market. When the economy goes into recession, well, even better from the media point of view, for “some” (yes not all) would rather bring down the entire planet than give Trump another term as he is the existential dread of their ratings reality.
Teaneck under quarantine. Nyc considering going under lockdown.
The whole problem is the entire country needs to do that to slow down the spread otherwise you delay it in Teaneck, then once the quarantine ends get overrun by cases from the surrounding towns.
This thing will run through the congested cities like a warm knife through butter.
As I have been saying for a while now today’s Fed is not the Fed of the housing crisis. There won’t be any denials that “subprime is contained” etc. It’s all a it’s a politically driven economy and stock market now. Expect the “unexpected” they have planned for this so much so they are now already hiding their own internal data the “probabilities” that they are so good at collecting and reporting on.
The correlation between the S&P indexes and the Fed balance sheet is extraordinarily high. There do not want another Lehman, and the ensuing liquidity crisis. Expect an announcement of a Commercial Paper Funding Facility probably as early as tonight.
re: Quarantine
Who gets nuked first? I don’t mean a big boom, just a little one….
https://thehill.com/policy/defense/481345-us-deploys-submarine-launched-low-yield-nuke
“The U.S. Navy has fielded the W76-2 low-yield submarine-launched ballistic missile (SLBM) warhead,”
ExEssex
South Korea, Hong Kong, Singapore , and Taiwan stopped it through aggressive testing, closing borders , quarantines, and chasing down close contacts of the people who tested positive
Over here we set up meaningless containment zones, tell people to wash hands , and send hopes and prayers . If the federal government doesn’t take draconian measures soon we will be as bad as Italy . Italy had 4,000 more cases yesterday. There numbers are still climbing and I bet pass China’s total in a few weeks
Curious low numbers from Russia.
https://coronavirus.jhu.edu/map.html
Just started receiving email notifications from a variety of agents canceling open houses.
Juniper, Elm, and Maple pollen counts are getting high in NJ. I wonder who gets capped first for sniffling in line at Costco?
Austria has banned gatherings larger than five people.
Amazing how the European countries that were so upset when trump closed our borders to them are doing the same thing a few days later
Switzerland had 800 new cases yesterday
Just came came from Whole foods, no chicken, no milk, no eggs.
If it’s the end of the world why isn’t the good stuff on sale? They had plenty of Kale, Pear and Banana ice creme for $10 a pint and $24.00 Almond Butter.
Line out the door for brunch at Toast today (was told). What the hell is wrong with people. I suppose, they’re toast.
In these end of times, I reiterate my hatred for one of most, arrogant and greedy companies in the world, CVS. My mother need nasal creme. $9 at CVS and $3.50 at ShopRite across street. I can’t believe people stock their carts at this place.
Suddenly more people around here at the shore as city folk are decamping to their summer manses.
libturd
They think it is a liberal hoax or I’d they get it it will only be a bad cold. ABC news Australia did a 45 minutes special on Wuhan with a bbc correspondent and Australians living in Wuhan and Chinese vloggers. There are scenes of dead people lying on the sidewalks, people having mental breakdowns, authorities welding the doors to apartment complexes shut. End of days stuff
Friend of mine is at the shore picking up a pizza at a packed pizza place on the boards.
Whatever. I’m not leaving my house. Not worth the risk. The rest of the world can play the mega lottery, as they always do. I’ll save my dollar.
grocery store at 7 am or 8 am on a weekday when it opens is the only way to go, get in and out in 15 minutes, sanitize everything going into the fridge, else put it in the basement for a week
To break the mood…… a little Gervais…
https://youtu.be/m2t8zvU5HMY?t=218
Fed cuts rate to zero. QE infinity.
I couldn’t believe it when saw it splashed across my Reddit feed.
ZIRP forever
Discount window? We need our handout done in secret, no TALF yet it seems.
Expect rapid 10% house values crash by EOY.. All those who bought with 5-10% down and out of job and businesses will go bankrupt fast..
Fear is in the air for people to buy house now..
Good old Roche labs in Nutley NJ to the rescue.
“Roche’s new diagnostic runs the PCR test for the virus on an automated system called cobas 6800/8800 (the numbers refer to a smaller and larger system). Paul Brown, head of Roche Molecular Solutions in Pleasanton, Calif., said that the company believes it can ship 400,000 of the tests this weekend from its Nutley, N.J., manufacturing facilities to laboratories already identified by the Centers for Disease Control and Prevention to do coronavirus testing.”
https://www.statnews.com/2020/03/13/coronavirus-testing-long-way-to-go/
A bit more on the Roche cobas 6800/800 automated testing system, one of a few different testing systems that will be used to mass test for Covid19.
The new Covid19 test can give results in about three-and-a-half hours and can run up to 4,128 test results per day.
The company indicates that there are about 695 cobas 6800 systems around the world and 132 of the cobas 8800s, with “more than 100” in the U.S. The cobas 8800 system is the faster of the two, able to churn out more than 4,100 tests daily at their peak efficiency, not taking into account any instrumentation, reagent or technician issues.
https://www.biospace.com/article/fda-approves-roche-s-coronavirus-test-under-emergency-use-authorization/
Whoa awesome!
Last night’s debate reminds me of the muppets
https://m.youtube.com/watch?v=14njUwJUg1I
People talking about cash out re fis and helocs!!
The max this is gonna go is 3 months… but layoffs and business dependent people who can’t pay mortgage will make the RE market slow significantly.
Anything more than 3 months, RE will be on firesale.
It’s starting to get ugly with layoffs and unpaid leave.
Grim
I think we will need something like a mortgage and rent reprieve or some massive salary subsidy for businesses to avoid another depression . Most people leave paycheck to paycheck . How many households even have 2 months of expenses saved let alone six? How many people by May will have to drain retirement accounts that are now down 30% in value just to buy food and make rent or mortgage payments?
Open up unemployment spigots. Govt backs it all. All states double weekly benefit. Pelsoi may force huge wealth tax to pay for it. Do it now or The Road will look like Candyland.
I get it…people need help. I’m all for supporting small businesses because they are being forced to shut down. Or some of them are just naturally hit from this. I know someone that owns a limo service that is getting absolutely crushed right now.
As far a personal expenses, I feel different. I’ve been saying for years that most people are one disaster away from bankruptcy. No one ever has a rainy day fund. These people that get any sort of assistance should be required to pay it back over lets say a 2 or 3 year period. Bailing them out with no consequences just reinforced the bad behavior that they were supposed to let go of the last 10 years.
I’ve chosen to live modestly and could probably go 4 to 5 years of no work before I run into trouble.
In the meantime, I’m going to make sure that I purchase things from businesses that I have relied on the past 5 years. Off the top of my head, a pastry chef in Princeton, Little Chef. La Costenita in Hillsborough. The barber in my town who has been in business for over 50 years.
Watching skynews . A reported just said there are rumors that France is about to impose an italy style nationwide lockdown. Announcement will happen 8pm in France
Love all the people who are not in need of assistance and are angry about those who need help getting something for nothing. Right now we are in uncharted territory. The big picture is about keeping the economy from crashing, maintaining social order and keeping people fed and sheltered.
Where is the leadership? We need consistent rules nationwide. Nothing coming from the president but lies, half truths and minimizing. Trump is becoming more irrelevant by the day.
Cases in Paris are doubling every three days. Half of the people in ICU in France from the virus are under 65
This could mean more talk of Exit from the EU. Seems fellow EU members are slow in sending respirators are other needed supplies to Italy.
Not to be outdone China is sending experts and equipment. Italy was the first major western power to endorse China’s “Belt and Road” infrastructure project (BRI) and signed an agreement with China in September 2019.
I’m having difficulty reconciling people going about their daily business – woke up to a full field amateur soccer game being played across the street pm Sunday – with some of the charts/graphs calling for NYC’s ICU beds to be filled up in seven days, Cuomo’s pleas to convert empty warehouses into field hospitals.
Is anybody else finding this a parallel universe a mind fawk?
We’re staying put and being lazy but I did get in my car to drive around and it’s business as usual for everyone… except for the 15+ people on ventilators at Holy Name Medical Center.
Nothing hurts as much as you think it will. You go numb… then you wrap your belt around your wrist and get to the nearest hospital.
– The Pope of Greenwich Village
Is anybody else finding this a parallel universe a mind fawk?
I know some people who are very high risk that were going out to dinner multiple times the past few days.
Old people and kids are both oblivious.
My wife had a chronic cancer but is now PCR negative and has stopped treatment. We’ve been staying put but the uncertainty of where she ranks on the “you are fuccd” scale is causing some anxiety. It doesn’t help that a 20 year old with that condition – abeit untreated – passed away today.
I’m listening to the UK parliament hearings on this and it’s a complete shit show.
We know someone with cancer who has to delay scans at Chop since whole endocrinology department is home since their head was infected.
Sh1tshow coming.
Eye popping losses today. I wonder if the POTUS will autograph this one.
trump sez hunker down through July-August. Markets move from -9% to -12%, no breakers after 2PM.
Stronger Bell has Corona virus
Stringer
Does anyone else want to admit now that Trump deserves to hang for his handling of this virus. Body bags coming.
Don’t you dare dip your toes in the water.
Dow 17K at the minimum.
Wait for the body bags folks. They are coming. And stay the fcuk inside.
Libturd,
Trump needs to be re-elected because he is the perfect book end of the disastrous Boomer Presidencies.
However, he gets a pass for this one.
The seeds for this debacle started with Reagan ignoring the AIDS crisis.
Is a whole mindset that started with Reagan and executed by the boomer locust who thought they were special and that market forces were exceptional in allocating resources, may for restaurant quality but for societal matters where the Tragedy of the Commons rules, it is a no go.
Lib it’s almost like bad luck schlep-rock from the Flintstones.
Trump walks around with a cloud over his head.
And the house Coronavirus relief bill hasn’t reached the senate yet. 1 congressman from
Texas is holding it up.
If he doesn’t give his ok it won’t go to the senate and the house will have to be recalled because it went on recess. Because that’s what you do during a national emergency you go on recess.
** BoomerRemover has entered the chat **
Two pensions, holding out for that high water mark? It’s alright, I’ll wait until they car you out your POS cape.
I think I’m gonna have to claim this one until such time as something hits too close to home.
nyc Is going to be as bad as Italy. Maybe worse. Cases are doubling every 3 days in Spain and other European countries. Nyc would be at 8-10,000 in two weeks. Italy with 60 million people and more hospital beds per thousand than NY is getting g hammered with 25,000 cases
Dallas just announced closing all bars, restaurants, and gyms at midnight tonight after only getting 19 cases. An increase of 5 cases today with one being community spread. I bet the surrounding counties will soon copy Dallas. I think we are now around 40 cases in the Dallas Fort Worth metroplex. Hopefully closing schools and other venues will keep this area from turning into Italy or Wuhan
Seriously……. how do people give this guy a pass?
https://nypost.com/2020/03/16/de-blasio-hits-the-gym-one-last-time-before-coronavirus-shutdown/
Chifi
He’s a moron. Wanting to keep schools for free lunches? Why not close schools
And aciticare the programs in place when schools on break?
Don’t forget the containment Zone in new Rochelle. Its Like using a cond0m made from cheesecloth.
How would’ve Hillary handled it? Even scarier, how Joe Biden handle it?
Yes, Ed. Probably by not dismantling the NSC pandemic office or calling it a political hoax.
Margin call mania ain’t over folks.
Capital controls are next, you heard it here first.
Fat Boi Patient Zero has been hogging up that ventilator for over two weeks now, when do the death panels kick in?
https://nypost.com/2020/03/16/nj-coronavirus-patient-james-cai-says-nobody-knows-when-hell-fully-recover/
Go long respirators and 223.
Bystander
I doubt Hillary would have closed our borders to China. That would have been racist and profiling.
I think within 3 weeks NYC is locked down Wuhan style. Instead of playing his fiddle in a crisis the mayor went to the gym. All bridges and tunnels will be blocked and controlled by the military.
I went to work today as well being a good soldier that I am. I also went out for a nice Chinese buffet at lunch with a cowoker from Taiwan.
Layoff news is dribbling in left and right from family and friends. I have missed the AXE man my whole career including three rounds in the last seven months. As I was standing in my office today, I began to have that dreaded feeling non-essential personnel will take on a new meaning. I am going to miss all of those consultants, is there a way to say goodbye and call INS at the same time?
New paradigm for Amazon Prime is here.
Next day and two day delivery is now a week away or more on many many things…..
New Jersey had 80 new cases today for a total of 178.
Watch Coronavirus : how the deadly epidemic sparked a global emergency. It’s on YouTube on channel ABC news in-depth. That’s what’s about to hit nyc area. And there is no ruthless leader to stop it.
Bystander – there were no government run quarantines in 2010 during H1N1, the “Mexican” swine flu. Lots of deaths estimates as much as 12-20,000+ and 240,000- 300,000+ hospitalizations, and again years later revised estimates say much more than the official total. Point is nobody blamed Barry and I ain’t giving Trump credit but the social distancing, hand cleaning and travel bans may be a game changer. Then again the bodies may be stacked up from here to Mars. Be angry as you want about the Orange Orangutan but the body count is all that matters.
My local Popeyes fried chicken just notified me they are doing free delivery. Heroes do exist
Glad the site is back up even if for a short while. For the past couple of months I would check back frequently thinking it can’t end like this. It is worse than the sopranos finale. Who ends a 12 year blog with pumpkin getting the last word?
Stopping by to say, “Hello,” to old friends. Hope you are all well.
Time to play?
History Rhymes and so does Opportunity..
After 9/11 crude fell to about $10/bbl in the 2001 recession. By 2004 it crossed above $40/bbl. Despite rising oil prices the airline industry was back to pre-9/11 traffic,volumes about 2 years after the event, and continued to grow through to the $150/bbl peak mid-year 2008, just before the housing crisis.
These low oil prices should help the global economy a lot to “re-start” after the virus related destruction finally ends.
By order of Bergen County Executive Jim Tedesco
All of the restrictions contained in prior Executive Orders issued in an effort to combat the COVID-19 virus are hereby incorporated herein by reference and shall continue in full force and effect except as specifically modified by the provisions of the within Executive Order.
2) No worldly employment or business shall be performed or practiced by any person or entity within the County of Bergen until further notice except as expressly permitted herein.
3) This Order shall not be construed to prohibit the following activities:
a. preparation and sale of drugs, meals, prepared food;
b. take-out sale of alcoholic beverages, newspapers, pet food and sanitary pet products,
gasoline and food products subject to the conditions and limitations contained herein.
c. Auto repair shops will be permitted to remain open only if attached to and part of a
gasoline station;
d. Health care facilities shall remain open with the exception of dental care facilities
which shall close except as may be deemed necessary by a licensed dentist to treat
emergency conditions;
e. Law firms, other entities or individuals specifically licensed to provide professional
legal services, are hereby exempted from this Executive Order to the degree necessary to participate in Superior Court trials or other ancillary court proceedings or emergent matters or transactions;
f. Banks or banking institutions;
g. Funeral Parlors.
All exempted activities are required to otherwise comply with any and all provisions of any existing Executive Orders, laws or other regulations and CDC guidelines, including but not limited to those concerning social distancing.
4) All malls, shopping centers, offices, construction and business activity of any type or nature, except as modified herein, shall be closed until further notice.
5) Restaurants within malls or shopping centers may remain open only for the sale of take-out orders or delivery.
6) Stores selling alcoholic beverages for outside consumption may remain open but shall comply with previously announced limitations and guidelines applicable to restaurants and CDC “social distancing” and other applicable guidelines.
7) All health clubs, gyms, dance class facilities, yoga class facilities and all other similar recreational facilities shall be closed until further notice.
I ask any health care professionals including, but not limited to, physicians, physicians’ assistants, nurses, dentists and other professionals to volunteer to provide health care services to combat the COVID-19 health care emergency.
9) Bergen County shall cease issuing road opening permits except in cases of emergency.
10) All utility roadwork is hereby suspended until further notice, unless necessary for emergency
purposes or required to maintain the provision of the utility service.
11) I recommend that the New Jersey Board of Public Utilities develop a plan to address the health and safety of all utility workers. No utility meter readings that require entry into any building shall take place until further notice. Operation centers for public utilities are permitted to remain open.
12) No roadway solicitations seeking charitable contributions whether previously authorized by the County or otherwise shall take place until further notice.
13) Food establishments or retail establishments that primarily sell food, either fresh or preserved, including but not limited to grocery stores and supermarkets and similar establishments, and the portion of establishments that engage in this activity shall be permitted to remain open between the hours of 7 a.m. to 11 p.m. Food establishments shall be restricted to the sale of food and health care products, and shall prohibit the purchase of any other items. Larger food establishments and supermarkets shall limit the number of patrons within a store to fifty (50) at any one time. Smaller store that are not capable of servicing fifty (50) patrons shall impose an appropriate customer limit to comply with CDC social distancing guidelines. Individual municipalities shall be responsible for the enforcement of the limitations contained in the within paragraph.
14) Parks shall remain open for passive recreation, however, no organized or directed activity shall be permitted. Any other park activities that bring groups of more than four individuals (other than family members) shall be prohibited, such as playgrounds, dog runs, rides, stables (except for the care and maintenance of horses at the stables) or games.
15) Golf courses may remain open for golfers who walk the courses only. All other facilities within private or public golf courses such as clubhouses, restaurants, health facilities, lesson facilities, etc. shall be closed. No public outings shall be permitted until further notice.
16) No groups of more than four people, other than family members, shall assemble in public at any time within the County until further notice. A curfew is also imposed within the County between the hours of 8:00 P.M. and 7:00 A.M. for all public outdoor activities.
17) Questions with respect to the provisions of the within Executive Order may be presented by email to the County at EOquestions@co.bergen.nj.us, or by calling the County during normal business hours at (201)785-8500.
we became Italy here in Bergen county
I’ve got 200k sitting in a savings account getting 1.5% — should I be looking to buy stocks at these levels? Or are we heading for the big one?
look at the bright side…now the roads will be opendriveable on every day of the week instead of just Sunday
Juice,
I vividly recall your past posts re: Axe man.
My AirPodPro’s are stuck on that same UPS truck. Now due end of week.
I spent one full day with my toddler today and want to claw my eyes out. Halp! I spend $30 on Play-doh, now coming next month. I did reach out to parents at her daycare to see if we can get some video chats going. Unfair to go cold-turkey for the kids.
Fatboy’s residence at the hospital worries me.
Screw being dead, hanging out on a ventilator as a fail as far as I am concerned.
Q -welcome
Hang the DJ, hang the DJ, hang the DJ
Q,
I thought I was the only one with that exact problem.
I’m not a huge fan of TA in emotional markets but I like to check in with this SPY and market tracker gallery from time to time: https://stockcharts.com/public/1684859/tenpp/2
Big layoff announcements coming
Grim -late as usual…
Who has a relative in Mass Hole that can get us black market vaccine is the question?
If all non essential stuff was shut for 15 days this crisis would be over in 3 weeks and life would get back to normal. Instead we will get uncoordinated piecemeal effort dragging this on for months and probably triggering a severe recession or even depression. Europe shutting down for a few weeks and closing borders will put them ahead of us in a few weeks. All towns and counties are doing there own things which may slow the spread a bit but won’t drastically slow it down
JB,
You can’t blame the burnt Orange clown for this one, but we will anyway as presidency is all about timing. Compassion and caring are not his strengths either. The irony is that he lives by social media and may to brought down by it. This was first full on social media pandemic. What a virus..social media that is.
Anyone want a Las Vegas Raiders shirt? Should be a novelty fairly soon.
Dallas schools and a few other districts today announced they are closed indefinitely. Our district is closed for at least two weeks and my kids are getting emailed homework to do.
Retail apocalypse.
Juice et al,
Roche was ready to go with their high throughput Cobas analyzers in January to do mass specimen testing for COVID 19. The delay by the government was due to the fact that some officials did not comprehend the magnitude of the problem and the threat to society. Dunning Kruger to the max.
Cobas systems are impressive pieces of equipment, typical configuration of the 8600 has the instrument weighing in at just under 5,000 lbs. One of the reasons Roche bought Boehringer Mannheim back in 1998 was because the Germans, not surprisingly, had some of the best reagents and enzymes in the world.
For all on the board, would be interested to hear thoughts on major changes to society a year or so from now as a result of COVID 19. Not the doom and gloom, but new trends that will rapidly evolve from it. More Amazon Prime and home delivery in general I suspect.
COVID 19 test capacity ramping:
https://www.cnbc.com/2020/03/16/thermo-fisher-ships-coronavirus-tests-aims-to-make-5-million-per-week.html
The challenge with the Fisher system is that it is not an automated instrument so a lab tech needed to process each sample. Fisher bought Applied Bio and their 7500 series analyzer is a good instrument but only capable of 400 tests per day. Countertop in size, easy to install and set up unlike a Cobas which is a large piece of capital equipment.