US Economic News

FDIC closes small West Virginia bank, moves deposits to MVB Bank
https://www.marketwatch.com/story/fdic-a...op_stories

Covid-19 is the trigger.

連假全球疫情升溫! 台股仍面臨修正壓力 大立光4月恐有衰退疑慮?! │主播丁士芬│【iStock盤前解析】20200406│三立iNEWS
https://m.youtube.com/watch?v=P1mRdqd5XN4

美股道瓊飆漲1627點！ 台股蓄勢反攻10000點大關│主播丁士芬│【iStock盤前解析】20200407│三立iNEWS
https://www.youtube.com/watch?v=fBnthJ57AnQ


Bold Market Calls Abound as Minerd Says S&P 500 Could Drop 40%
https://www.bloomberg.com/news/articles/...ld-drop-40

台股強勢重返萬點！資金潮無懼疫情助攻台股 Switch台系鏈概念股正夯│主播丁士芬│【iStock盤前解析】20200409│三立iNEWS
https://m.youtube.com/watch?v=J-diBl7A2QI

2020.04.12【文茜世界財經周報】近1700萬人失業　柏南克：美經濟難見V型反轉
https://www.youtube.com/watch?v=DJB3kQo3...xu&index=4

熊市反彈別太樂觀...新平價iPhone SE上市 外資看旺台股後市？│主播 丁士芬│【iStock盤前解析】20200416│三立iNEWS
https://m.youtube.com/watch?v=mB1p6bBZevY

I will definitely miss him when he is gone...

Reporter grills Trump: What did you do for entire month?
https://www.youtube.com/watch?v=BSVYf_2XQN4


https://www.youtube.com/watch?v=YMQ1w8uaBXw

(16-04-2020, 06:36 PM)Behappyalways Wrote: I will definitely miss him when he is gone...

Reporter grills Trump: What did you do for entire month?
https://www.youtube.com/watch?v=BSVYf_2XQN4


https://www.youtube.com/watch?v=YMQ1w8uaBXw

That was from anti-Trump CNN.

Pro-Trump' FOX news has similar footage of the same reporter, of course with a different headline: https://www.youtube.com/watch?v=NpafpQbBAFQ

Looking at the comment section of both videos, it is a granted of the polarization between both sets of supporters. In our current post truth world with information traveling at the speed of light, people are just staying within their own cocoon and bathing in confirmation bias. Reflecting, I think it is an anomaly (and a need) to step out of one's comfort zone to be exposed to news that run contrary to our expectations. For eg. the more bearish i feel, the more i should seek views to knock down my own bearish views. 

Back to Trump. As early as Feb2020, Trump was coasting towards his next presidency come Nov. The seeds were nurtured in GFC2008 as the rich-poor divide got even bigger due to the bail out Wall Street over Main Street. The current rescue packages seem to favor everyone, although people believe that most of the trickle-down effects will eventually be captured by Wall Street. Trump's blue collar base may be shaken by Covid-19 but I suspect his VP Mike Pence is going to continue to hold the conservative Christian fort well for him. So far, it looks like a toss of the coin, rather than coast for Trump.

(16-04-2020, 06:36 PM)Behappyalways Wrote: I will definitely miss him when he is gone...

Reporter grills Trump: What did you do for entire month?
https://www.youtube.com/watch?v=BSVYf_2XQN4


https://www.youtube.com/watch?v=YMQ1w8uaBXw

Since Youtube knows my watch history. The next videos allowed me to conveniently watch Dr Fauzi's clarification (actually defence) for Trump.

Of course, been a gentleman as he is, Dr Fauci didn't "lash" out at the media. But it is Fox News, and you know what happens...

Dr. Fauci lashes out at media in White House press briefing
https://www.youtube.com/watch?v=bUFgxduAHaM

(17-04-2020, 09:13 AM)weijian Wrote:

(16-04-2020, 06:36 PM)Behappyalways Wrote: I will definitely miss him when he is gone...

Reporter grills Trump: What did you do for entire month?
https://www.youtube.com/watch?v=BSVYf_2XQN4


https://www.youtube.com/watch?v=YMQ1w8uaBXw

That was from anti-Trump CNN.

Pro-Trump' FOX news has similar footage of the same reporter, of course with a different headline: https://www.youtube.com/watch?v=NpafpQbBAFQ

Looking at the comment section of both videos, it is a granted of the polarization between both sets of supporters. In our current post truth world with information traveling at the speed of light, people are just staying within their own cocoon and bathing in confirmation bias. Reflecting, I think it is an anomaly (and a need) to step out of one's comfort zone to be exposed to news that run contrary to our expectations. For eg. the more bearish i feel, the more i should seek views to knock down my own bearish views. 

Back to Trump. As early as Feb2020, Trump was coasting towards his next presidency come Nov. The seeds were nurtured in GFC2008 as the rich-poor divide got even bigger due to the bail out Wall Street over Main Street. The current rescue packages seem to favor everyone, although people believe that most of the trickle-down effects will eventually be captured by Wall Street. Trump's blue collar base may be shaken by Covid-19 but I suspect his VP Mike Pence is going to continue to hold the conservative Christian fort well for him. So far, it looks like a toss of the coin, rather than coast for Trump.

Trump hasn't got COVID yet so the jury is still out whether or not he will survive this virus. 

Election is in Nov still a long way to go. He might even beat the odds like he has always done, get a miracle re-election if america goes into a bad depression recession scenario. There might be more becoming poor and end up supporting him.