The Angry Bear

On Sunday, our war time president: “We’re a country not based on nationalizing our business. Call a person over in Venezuela,” Trump told reporters. “How did nationalization of their businesses work out? Not too well.” Trump administration officials pointed to voluntary actions from companies, such as 3M announcing more masks are being shipped to New York and Seattle. “We’re getting what we need without putting the heavy hand of government down,” White...

by Joseph Joyce The True Owners of Foreign Capital Explaining the sources and destinations of capital flows is a key focus of research in international finance. But capital flows between countries can flow through financial centers before they arrive at their ultimate destination, and these intermediary flows distort the record of the actual ownership of investments. Two recent papers seek to provide a more accurate picture of the true sources of...

For a Universal Debt and Rental Moratorium Incomes are collapsing throughout the economy, and both businesses and individuals face a crisis in meeting fixed payments they can’t control.  The most direct step we can take is to temporarily suspend these payment obligations. Suppose the government were to announce that, starting immediately, all stipulated debt and real estate rental payments were to be suspended for all borrowers and renters.  This...

Coronavirus dashboard for March 22 This is a new daily or nearly daily update I hope to post, including the most important metrics to show how controlled – or out of control – the cononavirus pandemic is. Hopefully the numbers will move ever closer to the tipping point where the epidemic is under control.In order to bring this pandemic under control, and prevent both health and economic catastrophes, in my opinion the US needs 2 weeks of China (total...

Chloroquine and Hydroxychloroquine are being tested as components of multi-drug cancer chemotherapy. I have noticed that when I tweet this, people conclude that I am insane. However this is not a tiny literature. Repurposing Drugs in Oncology (ReDO)—chloroquine and hydroxychloroquine as anti-cancer agents is a long review article and meta analysis. It cites seven peer reviewed article which report the results of clinical trials and dozens of ongoing...

Patient privacy prevents precise calculation of the fraction of Covid 19 patients in the USA being treated with Hydroxychloroquine or Chloroquine. However, Hospitals are purchasing hugely increased amounts Christopher Rowland reports. Data gathered in the first 17 days of March by Premier Inc., a large group purchasing organization for 4,000 U.S. hospitals, showed a 300 percent week-over-week increase in orders of chloroquine and a 70 percent...

b7 New Deal democrat Weekly Indicators for March 17 – 21 at Seeking Alpha A vignette…. Cognoscenti: “It’s impossible to forecast the economy.” Forecaster: “Actually, if you rely upon a tried and true series of long and short leading indicators, you ca-“ Deity: “OH YEAH??? TRY FORECASTING THE GIANT SCREAMING METEOR OF DEATH!!!!!” G.S.M.O.D.: [BOOM! Forecaster [poking head through rubble]: “Y’know, Deity, that really wasn’t very fair.” Sigh. At least,...

This is a comment on “Is Anthony Fauci Really Our Truthteller-in-Chief?” by Kevin Drum. I will briefly summarize. Drum quotes from the latest press conference “Is there any evidence to suggest that, as with malaria, it might be used as a prophylaxis against COVID-19? DR. FAUCI: No. The answer is no.” later after Trump says hydroxychloroquine is the cure for Covid 19 Fauci changed his line to Q I would like Dr. Fauci, if you don’t mind, to follow up on...

The best US solution to the coronavirus pandemic: SHUT.IT.DOWN — two weeks of China + one month of South Korea For the last few weeks, I have been screaming at the top of my lungs about “exponential growth.”   That’s because so few people realized the impact such growth could have in a pandemic, over the course of just a few months, even weeks.I first began thinking about this as soon as I read a Tweet by Trevor Bedford a month ago about how coronavirus...

I will never forgive Donald Trump for saying something exceedingly controversial with which I agree. I hate to say this but I agree with Trump and disagree with Fauci on hydroxychloroquine and Remdesivir. Update: But don’t mix the Hydroxychloroquine with Azithromycin“Azithromycin: (Major) Avoid coadministration of hydroxychloroquine and azithromycin.” Thanks Ted Lieu I will discuss hydroxychloroquine here because there is no legal issue. It can be...