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2020-03-26 09:38 by Karl Denninger
in Editorial , 133 references Ignore this thread
What Employment - And NY
[Comments enabled]

CNBS is lying again.

"This bill is all about small business and workers."

Uh huh.

The "small" number of people that are laid off, said Mnuchin just now.

You mean all 3.3 million of them in the current week?

"We will have a healthy economy."

The CON job is this so-called "response" in the first place.

But right now the entire nation is shut down and, it appears, that Trump may be lying -- again.

Never mind that there is increasing evidence that ****-eating is the major route of transmission.  That happens to align rather conveniently with Democrat Governors and Mayors and their "sanctuary" policies -- doesn't it?  Correlation isn't causation but....

Then there are governors, like Cuomo, who deserve to be in irons right now.  He signed an executive order banning prescriptions for hydroxychloroquine in yet another round of the "hold my beer" bull****-fest ravaging the nation:

No pharmacist shall dispense hydroxychloroquine or chloroquine except when written as prescribed for an FDA-approved indication; or as part of a state approved clinical trial related to COVID-19 for a patient who has tested positive for COVID-19, with such test result documented as part of the prescription. No other experimental or prophylactic use shall be permitted, and any permitted prescription is limited to one fourteen day prescription with no refills.   

In other words: You must be in a hospital and part of his bull**** "trials" to get it.

Why did he do this?  Because it appears it is working to keep people out of his ******ned hospitals in the first place.

I know, I know there's no "clinical trial" data (because one was never run) and now the Governor wants to run one on human lab rats during a pandemic rather than let the people decide -- with medical advice.

During normal times I get it; delay, for the most part, doesn't kill people for most indications -- and there's been plenty of quackery over the years (laetrile anyone?)  But -- when you have no effective treatment, that is, there is no "proved medical alternative" then this is not a situation of similarities where if you were to "just listen to established medical advice" you would do something different.

THERE IS NO DIFFERENT AND WITH INFORMED CONSENT WHAT'S THE PROBLEM?

MY ASS, MY CHOICE -- UNDER APPROPRIATE MEDICAL SUPERVISION.

Oh, you're worried about supply?  Well then use that much-vaunted Defense Production Act to fix that right now.

Keeping people out of the hospital is good.  Unless you're a financial rapist and like to swing dead bodies around like one would swing a cat by its tail for political purposes, as is Cuomo, apparently, never mind that if you don't get on the right "arm" of his trial you get a placebo instead of the medication.

For everyone that dies as a result that mother****er needs to be held accountable for manslaughter, and anyone who winds up with a hospital bill where they were denied the ability to attempt to avoid it should shove it up Cuomo's ass sideways.

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Fedup
Posts: 240
Incept: 2007-06-26
A True American Patriot!
East Jordan, Michigan
Online
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That SOB is such a snake and there goes my blood pressure again. I knew something was wrong when I seen him saying thanks to Trump for giving us supplies.

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Evil prospers when good men stand still

Oldpool
Posts: 1250
Incept: 2010-06-23

LI NY
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Tell something about the supply, there isn't any and its being hoarded. Doesn't matter because not many businesses closed down here on long island, no one is listening and its not being enforced.

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Liberty, Comrade!
Quietrally
Posts: 47
Incept: 2009-06-10

USA
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Karl, you have often pointed out that each state is a laboratorythat people are free to move to states that more closely match their own ideals.
Some in government want to play God while others choose a more moderate approach. Some citizens want daddy government to make all of their decisions for them. Perhaps this is the morbid realization of that model.

Im aware of a person with multiple comorbidities who is currently on a respirator in the hospital with COVID-19. They have been administered hydrochloroquine, which is the only good news I know of. Ill keep you posted as to the outcome.

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D+(R/Tea Party ) = Same Outcome
Ktrosper
Posts: 4074
Incept: 2010-04-06

ft collins co
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Jesus. These people are ****ing evil.

To what end? I ask... I think he WANTS the hospitals overrun. ??

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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
Tickerguy
Posts: 163344
Incept: 2007-06-26
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@Quietrally -
Quote:
Im aware of a person with multiple comorbidities who is currently on a respirator in the hospital with COVID-19. They have been administered hydrochloroquine, which is the only good news I know of. Ill keep you posted as to the outcome.

The bad news is that as a "rescue" while it may work it's an awful way to do it. This really is one of the reasons that the delays in getting test results are flat-out unacceptable and our infrastructure sucks.

Letting someone go down the hole and then trying to save them both gets a lot people killed AND brings in a lot of money. That's a ****ty set of interlinked incentives, isn't it?

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Winding it down.
Aztrader
Posts: 8530
Incept: 2007-09-10

Scottsdale, AZ
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Any small business that has a lease and employees is most likely toast. Most are barely making it every month and if they are still paying their lease and benefits for their employees, then they are pretty much done after 30-60 days. These fools in the financial scam press are putting their confidence BS out there so people don't take their money out of the market or out of the banks. Their goal is to protect the financial scum in this country just like they did in 2008. All this leverage intertwined between banks and hedge funds should not be saved. They produce nothing and take everything. Any company that did buy backs should not get a penny of taxpayer money. A lot of their outstanding debt is due to these buy backs and they should rot as a consequence. Those of us with no mortgage or car payments sit here in amazement watching these gamblers bailed out again. The next thing that happens is massive inflation thanks to the money printing. Again the fed will lie and say it's only 2%.
Aztrader
Posts: 8530
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Scottsdale, AZ
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Tickerguy
Posts: 163344
Incept: 2007-06-26
A True American Patriot!
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And here we go.

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Winding it down.
Quietrally
Posts: 47
Incept: 2009-06-10

USA
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Quote:
Letting someone go down the hole and then trying to save them both gets a lot people killed AND brings in a lot of money. That's a ****ty set of interlinked incentives, isn't it?

This person visited the hospital last week and was sent home. ****ty doesnt begin to describe how bad our medical system is.

Our local hospital is asking for handouts of PPE in the newspaper. This is the same hospital that will happily charge you $50,000 for a helo ride over the hill to Denver to avoid having people drive themselves. F them!

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D+(R/Tea Party ) = Same Outcome
Dcsleeper
Posts: 531
Incept: 2012-10-11

Northern VA
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> cannot make rent payments for any of its restaurants<

Cannot?
hmmm
he who closes with the most debt wins?
Smacktle
Posts: 2087
Incept: 2009-01-20

Texas
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And we still put up with all of it. Looking in the mirror and asking myself how much longer do I put up with all this?

When do the natives start getting restless?

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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
Ktrosper
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ft collins co
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@atrader -
This is about the time (I HOPE!) that city/state governments read that headline and go "Oh Wait!"

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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
Drole
Posts: 30
Incept: 2015-11-17

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having trouble posting, but will try again.

OK, this is a bit off topic, but dontcha love how they are watching out for us? This local official's name sounds quite French to me.

French Local Official Bans Sales Of All Alcohol During COVID-19 Lockdown.....
Khoury said during mass quarantines, alcohol consumption is expected to rise, which could lead to increased domestic violence cases.

https://www.zerohedge.com/markets/french....
Steelpiston71
Posts: 5788
Incept: 2007-09-05

Michigan
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At least there is no one else on the other side of the Cheesecake Factory rent payments. Property taxes, municipal bonds, titles, collateral, banks, cdo's...none of that will be affected, whew smiley smiley smiley smiley

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"We have resolution authority under Frank/Dodd... How about we USE IT?" Karl Denninger, 10/07/10 on the Dylan Ratigan Show, MSNBC.
Loonster
Posts: 26
Incept: 2012-10-28

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They also allow inpatient use. I'm not sure if they backpedaled, or it it was ****ty reporting.

I'm partly in favor of the ban. Supply should be severely restricted to the patients that need it most. Once the supply chain catches up, it better be opened back up to prescribing to anybody that wants it.
Tickerguy
Posts: 163344
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@Loonster - There's no "prescription" inpatient, yes. But that's a problem -- the statistics say that if you get into the paradigm where you actually need invasive treatment (in this case the only real ones here that matter are the use of a vent) you're ****ed.

Second, hospitals concentrate infections and worse, in the case of a disease of many strains (which all viruses are) they concentrate the worst of the strains by definition, which is exactly opposite of what you want to happen from a standpoint of public health.

I get it -- some people are going to need to be in a hospital. That's always true anyway; some people who are sick with anything wind up with that requirement. But to the extent possible keeping people OUT of the damned hospital is what is going to save lives here, not forcing them INTO IT in order to get the drug.

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Winding it down.
Lunatic_fringe
Posts: 9420
Incept: 2007-06-26

Location: Terra Firma
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A problem with putting people on ventilators is that in order to feed people it must be done intravenously. The stuff they give them is called TPN (Total Parenteral Nutrition) which is loaded with not just glucose but also soybean oil. I've see a couple studies that patients with ARDS on TPN have significantly worse outcomes than people not on TPN. The problem is the PUFA and I would imagine most people who end up in the hospital are already eating a lot of vegetable oils in the regular diet.

Going to the hospital is probably raising the odds of these people dying.

https://pubmed.ncbi.nlm.nih.gov/8674324/
Lunatic_fringe
Posts: 9420
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Here's another study showing the toxic effect of PUFA (mainly linoleic acid) on ARDS patients.

https://www.sciencedirect.com/science/ar....
Tickerguy
Posts: 163344
Incept: 2007-06-26
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PUFAs are poisons.

And yep -- once you're intubated then, well.... the "by mouth" route is sort of occupied, isn't it? Never mind that they have to medically stick you in what amounts to a coma if you aren't already.

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Winding it down.
Orangemanbadeh
Posts: 842
Incept: 2019-04-22

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Tickerguy: "...This really is one of the reasons that the delays in getting test results are flat-out unacceptable..."

We've been told for weeks now by both Trump and Pence at there be millions of tests out and that lab corpse and other testing centers all across the country could do them...but whenever there's been people that have been sick people I know who had flu-like symptoms and cougars like symptoms demand test their doctors have said oh the CDC guidelines don't allow them to get tested...

What is the current new criteria? You have to either
1. Be admitted to a hospital
2. Have confirmed contact with someone else who has it.

(1) blows up the ***** Hospitals more than the Chloroquine cluster****ery
(2) is impossible if you are not testing anyone other than those from (1)

The whole reason for doing this is to depress the numbers of positives, which is short-sighted and going to lead to more hospitalizations.
Loonster
Posts: 26
Incept: 2012-10-28

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I agree with nearly everything you are saying. There simply isn't supply to satisfy demand. Allowing doctors to be the gatekeepers is not strong enough. The supply will be restricted, what is the best way for doing so?

There are also exemptions for studies. That is currently a method for outpatient use.
Tickerguy
Posts: 163344
Incept: 2007-06-26
A True American Patriot!
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@Loonster - The answer is of course to solve the supply issue. If there was ever a valid argument for the DPA this is it.

Incidentally the compound is simple and there are multiple pharmaceutical factories around the nation that have been closed over the years. A pill press isn't exactly rocket science. If there's somewhere worth tossing an extra billion dollars around out of the Federal government, this is it.

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Winding it down.
Gauntlet33
Posts: 220
Incept: 2009-03-30

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There is no end to the financial raping.
Mannfm11
Posts: 5834
Incept: 2009-02-28

DFW, Tx
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They should take his brother with him. In the meantime, the primary questions are still about Trump calling it the Chinese virus. Never let an opportunity to steal go to waste. The policy of the left is to make this as bad as possible. Their favorite organizations made the situation much worse than it should have been. Maybe 75% of the money that goes into these outfits is stolen.


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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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