There has been a mindless 62% Fibonacci retracement of the stock market swoon of March. Apparently one of the premises is a bet on a V-recovery from the Covid scamdemic. For this to happen, there would have to be a large scale restart of the world.
Although there are some tentative steps in states like Georgia to undertake a restart, here we see Bill “Mark of the Geek” Gates engage in a lizard-lip licking, shit-eating, ear-to-ear grin on CNN while discussing the prospect of a restart dragging out. We think Gates has intimate access to scamdemic memos.
Why is Bill Gates smiling so big when the reporter says the economy is going to take a long time to recover? pic.twitter.com/Gxgpq0Ql00
— Grace 🔎 (@reallygraceful) April 29, 2020
Apple has tracking through its phone that will be quite useful to gauge the pace, if any, that the population comes out of isolation and hiding from their neighbor’s shadows. It is called the Covid-19 mobility trends, and one can check on any region or large city, including your own.
As of April 29, this data shows driving crawling back some, but down 29% from baseline. Walking and transit mobility are still scrapping along the bottom.
Descartes Labs is also running mobility data. This chart of various states shows a complete wipe out, and not even so much as a dead cat bounce yet off of extreme bottoms. Not surprising considering the six-week total of jobless claims has surged to 30.31 million while satanists like Gates chortle in delight.
Georgia instituted a controlled restart starting Monday April 27, that might be useful to track an actual reopening. Gov. Kemp’s latest order requires restaurants to adhere to 39 guidelines, including screening employees for signs of illness, requiring all staffers to wear face coverings at all times, and limiting capacity to no more than 10 patrons per 500 square feet. Party sizes at tables are limited to no more than six. Some other businesses, including barbershops, gyms, tattoo shops and nail salons, began seeing customers Friday the 25th.
— RT (@RT_com) April 29, 2020
The problem hard pressed businesses that restart face are liability suits if they fail to uphold the letter of the guidelines. Here is Hotlanta.
Major US airlines to require facial coverings on flights in Mayhttps://t.co/iUpPLyqys1
They will not need many masks as airline traffic is down 95% from comparable levels last year. pic.twitter.com/rMzoaVgGtO
— Jim Bianco (@biancoresearch) May 1, 2020
According to data from the best-studied countries such as South Korea, Iceland, Germany and Denmark, the overall lethality of Covid19 is between 0.1% and 0.4% and thus up to 20 times lower than initially assumed by the WHO. This illustrates the pure unadulterated malice behind the lockdowns.
Unfortunately when the history of this hari-kiri is written, it will be shown that the paranoid population largely supported their own destruction. We are nowhere near any meaningful restart, nor is there support for it.
Polls tell us only a minority of people will take advantage of the opportunity to dine out. Restaurants are the second largest private industry in the U.S. Eight million restaurant employees have already been laid off or furloughed; that’s two out of three restaurant employees.
Perhaps fear of neighbors’ shadows isn’t the only reason, as frankly tens of millions have no financial cushion to spend much on anything.
Fifty-five percent of small businesses would not survive a three month shutdown, and 53% of households have no emergency savings.
With a nasty food inflation hitting hard, restaurants — even when finally reopened — will be a luxury for the new poor.
Mexico has now entered into Phase 3 of the coronavirus lockdown, the highest level mandated by the government as the spread of the virus intensifies, with nonessential businesses shuttered and social distancing measures and movement restrictions in place until May 30.
Guaranteeing an economic collapse for Mexico, the New Underworld Order shut the U.S.-Mexico border to all “non-essential” travel on April 20, and the bilateral order is set to remain in place until May 19.
Demand for tomatoes from Sinaloa, Mexico’s top tomato-producing state, dropped by 40% in some areas among growers that supply businesses ranging from hotels to fast food chains including Subway and McDonald’s, farmers said. Ten to 15% of the harvest had been given away in the northwestern state, and nearly 30% of production was halted early as some farmers laid off day laborers or simply lost their produce.
What are people eating during their shelter in place internments? Cheetos? Here is a clue of what the prisoners are eating- gag.
“$WING is one of the few business models that is outperforming on several metrics in the restaurants space, and we expect that to continue.”
— Hedgeye (@Hedgeye) April 30, 2020