China Coronavirus Outbreak Spreads; Hundreds Infected As Human-To-Human Transmission

3,234,572 Views | 21764 Replies | Last: 2 mo ago by Stat Monitor Repairman
AgFan2015
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In reply to cone • 10:47p, 3/8/20
Not immediately. But yeah, it could get really freaking bad financially in the coming weeks/months.

Don't ignore what is going on in Europe. Their banking system is in worse shape than ours and all of the big banks are tied together globally. Look at the infections in France and Germany, they are following Italy's lead. IF Deutsch Bank goes down everyone goes down.
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C@LAg
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In reply to AgFan2015 • 10:51p, 3/8/20
Sine poena nulla lex.
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Big Al 1992
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In reply to Aust Ag • 10:51p, 3/8/20
AG
Aust Ag said:
Yeah, what's up with that?
I mean, the Rodeo is starting to look ridiculous at this point.


Yep. Events with hundreds being cancelled yet rodeo has 70k 20 nights in a row. And rodeo press always bragged about how many countries were represented and how many international visitors they had but this year its just a "local" event.

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John Maplethorpe
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11:03p, 3/8/20
AG
Quote:
"the 15(cases), within a couple of days, is going to be down to close to zero"


Donald J Trump - February 27, 2020
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C@LAg
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In reply to John Maplethorpe • 11:04p, 3/8/20
Sine poena nulla lex.
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Snap E Tom
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In reply to PJYoung • 11:04p, 3/8/20
PJYoung said:


Tennis tournament cancelled
Lost Generation - Watch millions of their own die in a world war.
Greatest Generation - Watch millions die in another world war and genocide by mad men.
Boomers - Wah my tennis tourney is cancelled.
Children of Boomers - Too easy.
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bearkatag15
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11:15p, 3/8/20
AG


Pretty detailed account of the virus from a doctor that has treated for it.
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Bubba smollett
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11:16p, 3/8/20
No child deaths from this
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Shanked Punt
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11:34p, 3/8/20
Quote:


In Australia, Sky News has reported that Prime Minister Scott Morrison is considering cash handouts to ordinary citizens as part of an expected A$10 billion (US$6.50 billion) fiscal stimulus package.


The aussies are always prepping for a rather large stimulus package.
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Zobel
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In reply to bearkatag15 • 11:34p, 3/8/20
AG
Direct viral cardiomyopathy?
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C@LAg
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In reply to Shanked Punt • 11:36p, 3/8/20
Sine poena nulla lex.
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Goose83
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11:43p, 3/8/20
AG
See that Chilifest is still a go:

https://www.kbtx.com/content/news/Chilifest-not-affected-by-coronavirus-concerns-at-this-time-568612061.html

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C@LAg
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In reply to Goose83 • 11:45p, 3/8/20
Sine poena nulla lex.
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redd38
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In reply to Goose83 • 12:14a, 3/9/20
AG
Goose61 said:
See that Chilifest is still a go:

https://www.kbtx.com/content/news/Chilifest-not-affected-by-coronavirus-concerns-at-this-time-568612061.html



"At this time"

I'll be shocked if we don't have cases in BCS once everyone gets back from spring break. Then I think we start getting cancellations here.
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C@LAg
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12:32a, 3/9/20
Sine poena nulla lex.
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swimmerbabe11
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12:46a, 3/9/20
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AgsMyDude
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In reply to Agsrback12 • 1:48a, 3/9/20
AG
Agsrback12 said:
So no, not dead. The flu has hospitalized and killed young people.


I never claimed those 2 died. There have been numerous cases of deaths under 50 and some in their 30s.
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Anti-taxxer
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In reply to C@LAg • 1:57a, 3/9/20
AG
C@LAg said:
Mr.Infectious said:


Hope everyone has gold, silver and lead. Interesting times ahead.
You think you are going to run into some Jewish werewolves?

Or William Devane?
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jagvocate
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3:43a, 3/9/20
AG
"Hope everyone has gold, silver and lead. Interesting times ahead."

Not saying we'll get there; but Lead being most important when money doesn't work.

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lead
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In reply to jagvocate • 5:19a, 3/9/20
jagvocate said:
"Hope everyone has gold, silver and lead. Interesting times ahead."

Not saying we'll get there; but Lead being most important when money doesn't work.
thanks!
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cone
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In reply to AgFan2015 • 5:26a, 3/9/20
AG
this isn't a solvency crisis

it's a liquidity crisis
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AgFan2015
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In reply to C@LAg • 6:22a, 3/9/20
Quote:
our banking system is not going down. the fed can easily print and dump cash to maintain any liquidity issues.. it is too early for companies to be reporting actual financial losses. That will be next quarter.



How much money printing are you willing to support? The loses are massive (10s of trillions) when you include the derivatives these banks hold. This is going make 2008 look like a walk in the park......



https://www.ibanknet.com/scripts/callreports/filist.aspx?type=derivatives


Quote:
Financial reform didn't work. Banks today are bigger and more opaque than ever, and they continue to trade in derivatives in many of the same ways they did before the crash, but on a larger scale and with precisely the same unknown risks.

Ignoring warning signs has inevitable consequences. We ignored them before and we saw what happened. We can say this with virtual certainty: if we continue as now and ignore them again, the great white shark of a global financial meltdown will gobble up the meager economic recovery and make 2008 look like a hiccup.


https://www.forbes.com/sites/stevedenning/2013/01/08/five-years-after-the-financial-meltdown-the-water-is-still-full-of-big-sharks/#35e419403a41
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cone
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In reply to AgFan2015 • 6:24a, 3/9/20
AG
why would the derivatives lose money if the underlying assets are papered over?

why is this a solvency crisis?
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IrishTxAggie
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In reply to AgFan2015 • 6:26a, 3/9/20
AG
You're using an article from seven years ago...
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FamousAgg
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6:32a, 3/9/20
Spain starting to show larger numbers, looks like it could be another major cluster.
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tysker
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In reply to cone • 6:45a, 3/9/20
AG
cone said:
this isn't a solvency crisis

it's a liquidity crisis
The issue is the liquidity crisis becoming a solvency crisis. Low rates and low oil prices histrionically have helped but currently both seem to be hindering. We'll have a better idea after a couple of trading days but oil below $30, the 10-yr less than 50bps and the 30-yr at less than 100 bps is just crazy and frankly scary. As if it creating it's own negative feedback loop.
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AgFan2015
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In reply to IrishTxAggie • 6:45a, 3/9/20
Do you think the derivative market got bigger or smaller since then?

The problem didn't just magically go away.....
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AgFan2015
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6:46a, 3/9/20


Keep your eye on Europe.
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FamousAgg
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6:53a, 3/9/20
https://apple.news/AeYSJ5h44TgahKJZcpqT6hw

CNBC's Jim Cramer said early Monday that the collapse in oil prices and bond yields put the stock market in "uncharted waters."
"The speed and the thinness. That you could have such a monumental move in six hours is truly astounding," Cramer tweeted.
"The collapse in yields and oil is signalling an imminent recession," he added.
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FamousAgg
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6:57a, 3/9/20
Couldn't happen at a worse time for Baby Boomers trying to retire. Hopefully They were properly diversified.

You can say "this is overblown", "just the flu", "more people die of xyz" but this is the outcome that really affects people, and it's real regardless of how dumb you feel about it.
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7:00a, 3/9/20
FamousAgg
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7:08a, 3/9/20
3rd coast, 99.999% chance it's Not corona. Even if it's COV19 99.99% chance they will be fine if it's a child.
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moses1084ever
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In reply to [removed post] • 7:09a, 3/9/20
AG
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IrishTxAggie
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7:25a, 3/9/20
AG
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redsquirrelAG
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In reply to [removed post] • 7:35a, 3/9/20
AG
third coast.. said:
Oldest has a cough and a fever this morning. ugh. probably nothing but it certainly stresses me out being all the way over on the other side of the world.


My whole family has been coughing for months. Its allergy season in Texas and temps are like a roller coaster. Try to remember that.
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