{"id":51840,"date":"2020-03-18T16:26:01","date_gmt":"2020-03-18T21:26:01","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51840"},"modified":"2020-03-18T16:26:07","modified_gmt":"2020-03-18T21:26:07","slug":"banks-are-going-to-drown-in-an-ocean-of-defaults","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51840","title":{"rendered":"Banks are going to drown in an ocean of defaults"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.sovereignman.com\/wp-content\/uploads\/2020\/03\/ocean.png\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.sovereignman.com\/trends\/banks-are-going-to-drown-in-an-ocean-of-defaults-27537\/\">Banks are going to drown in an ocean of defaults<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">On November 6, 2000, then US presidential candidate George W. Bush told a crowd of cheering supporters, \u201cthey misunderestimated me.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now, if English is not your native language, allow me to clear the air: \u2018misunderestimate\u2019 is not a word. But then again, George W. Bush was legendary for hilarious slip-ups like this.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are entire books dedicated to his \u2018Bushisms,\u2019 the ridiculous made-up words and incomprehensible sayings that became routine for the 43<sup>rd<\/sup> US President.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2018Misunderestimate\u2019 seems to be a conflation of the words \u2018misunderstand\u2019 and \u2018underestimate\u2019. And while that was utterly hysterical 20 years ago when Bush first said it, \u2018misunderestimate\u2019 may be the most appropriate word of today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The entire world has completely \u2018misunderestimated\u2019 the Corona Virus. <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In terms of misunderstand\u2013 that\u2019s obvious. There\u2019s so much that we don\u2019t know about the virus (officially known as SARS-CoV-2) and the disease that it causes (COVID-19).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, a group of researchers published a \u201cpeer-reviewed\u201d research paper earlier this month stating that the virus had split into multiple strains.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Peer-reviewed is a type of self-regulation among academics; it means the paper had been evaluated by other experts before it was published.)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But other specialists in the field strongly disagreed with the paper\u2019s conclusions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Swiss biologist Richard Neher described the research as, \u201cwrong, misleading. . . downright dangerous inferences,\u201d while Australian virologist Ian Mackay called it a \u201cweak paper and poor science.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another peer-reviewed study released in the Journal of Medical Virology concluded that the virus originated from snakes. But plenty of experts disagreed with that assertion too.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The scientific community has learned so much about SARS-CoV-2 since it first surfaced a few months ago.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks are going to drown in an ocean of defaults On November 6, 2000, then US presidential candidate George W. Bush told a crowd of cheering supporters, \u201cthey misunderestimated me.\u201d Now, if English is not your native language, allow me to clear the air: \u2018misunderestimate\u2019 is not a word. But then again, George W. Bush [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4],"tags":[63,29011,200,7312,7313],"class_list":["post-51840","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","tag-banks","tag-covid-19","tag-default","tag-simon-black","tag-sovereign-man"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51840"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51840\/revisions"}],"predecessor-version":[{"id":51842,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51840\/revisions\/51842"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}