WOBIK Blog

BREITBART, by John Binder — February 13, 2020

Excerpts:

President Trump’s Defense Department has secured an additional $3.8 billion to construct 177 miles of border wall along the United States-Mexico border.

On Thursday, Pentagon officials announced about $2.2 billion in Defense Department funding would be redirected from counter-narcotics efforts to the construction of border wall. Another $1.6 billion originally allocated for National Guard equipment will be used to build the wall.

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This month, Trump administration officials said they now have secured enough funding to build 1,000 miles of border wall with about 500 of those miles being completed by 2021.

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View the complete article including image, links and comments at:

https://www.breitbart.com/politics/2020/02/13/trumps-pentagon-secures-3-8b-to-build-177-miles-of-border-wall/

Seeking Alpha — February 14, 2020

Excerpt:

Summary

• This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results.

• The credit crisis was already likely to be severe, given the combination of the end of a prolonged expansionary phase of the credit cycle and trade protectionism.

• These were the conditions that led to the Wall Street crash of 1929-32.

This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s economic impact and they commonly express the hope that after a month or two, everything will return to normal. This seems too optimistic.

The credit crisis was already likely to be severe, given the combination of the end of a prolonged expansionary phase of the credit cycle and trade protectionism. These were the conditions that led to the Wall Street crash of 1929-32. Given similar credit cycle and trade dynamics today, the question to be resolved is how an overvaluation of bonds and equities coupled with escalating monetary inflation will play out.

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View the complete article including images, links and comments at:

https://seekingalpha.com/article/4324230-coronavirus-and-credit-perfect-storm

Coronavirus overwhelming Chinese health care system: Dr. Kate Tulenko

Chinese lockdown slashed work hours by 40 billion

FOXBusness, by Jonathan Garber — February 13, 2020

Excerpt:

Corvus Health CEO Dr. Kate Tulenko discusses China’s handling of the coronavirus and evaluates the government’s truthfulness on the outbreak.

The accelerating spread of the coronavirus is taking an unexpected toll on the global economy, making it a black swan event, according to Alibaba CEO Daniel Zhang.

The number of new cases surged by more than 15,000 to at least 59,804 Thursday after Chinese authorities began using a new reporting method. Additionally, the death toll climbed by 254 to 1,367.

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View the complete article including image, video, links and comments at:

https://www.foxbusiness.com/markets/coronavirus-black-swan-event-economy-impact

ZeroHedge, by Tyler Durden — February 12, 2020

Excerpt:

All those clueless hacks who warned us for years not to trust China’s economic numbers, yet were so gullible to believe any coronavirus pandemic “data” released by Beijing are going to look pretty stupid right about now.

Hubei just released its latest round of coronavirus outbreak figures, and in a clear confirmation of the ‘conspiracy theory’ that China had altered the way it was reporting Covid-19 deaths and cases – clearly in order to suggest that things were improving and you should go back to work, while ideally buying stocks, the province at the epicenter of the Coronavirus pandemic just came clean and the numbers are stunning.

The number of cases exploded by 14,840, resulting in a total of 48,206 cases, including 13,332 clinically diagnose cases:

And just like that we are back on the quadratic growth path in new cases, as one would expect from an exponentially spreading viral pandemic.

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View the complete article including images, links and comments at:

https://www.zerohedge.com/markets/china-reports-huge-jump-new-coronavirus-infections-deaths-oil-stocks-tumble-gold-soars

THIS IS A MUST WATCH!!! pic.twitter.com/Cq0hbv0uSP

— Terrence K. Williams (@w_terrence) February 13, 2020

Top CDC official says US should prepare for #coronavirus 'to take a foothold'. Dr. Nancy Messonnier, the director of CDC's National Center for Respiratory Diseases: "At some point, we are likely to see community spread in the U.S. or in other countries.” https://t.co/2SB8bRGg76

— Max Howroute▫️ (@howroute) February 12, 2020

Daily Mail, by Erica Tempesta For Dailymail.com — February 12, 2020

Excerpt:

• Conservative actor James Woods took to Twitter over the weekend to gripe that Melania, 49, has ‘never graced our nation’s major style magazine covers’
• He claimed it’s ‘proof of the shameless bias of the liberal mainstream media’
• Many of his followers agreed with him, though others argued Melania isn’t as accomplished and is likely unwilling to talk about her husband in interviews 
• Melania covered the February 2005 issue of Vogue following her wedding 
• Editor-in-chief Anna Wintour has suggested that she is not interested in having Melania return as first lady for another cover shoot  

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View the complete article including images, videos, links and comments at:

https://www.dailymail.co.uk/femail/article-7996419/Trump-fans-slam-magazines-like-Vogue-lack-Melania-covers.html

.@RealCandaceO at the Young Black Leadership Summit: pic.twitter.com/Y2imnL9zHo

— Breitbart News (@BreitbartNews) October 27, 2018

Coronatanic! https://t.co/Z3pif0u0Dy

— Max Howroute▫️ (@howroute) February 12, 2020