{"id":53371,"date":"2020-05-19T08:27:33","date_gmt":"2020-05-19T13:27:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=53371"},"modified":"2020-05-19T08:27:38","modified_gmt":"2020-05-19T13:27:38","slug":"blains-morning-porridge-may-19-2020-yoorp-kicks-the-can","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=53371","title":{"rendered":"Blain’s Morning Porridge – May 19 2020 – Yoorp Kicks The Can"},"content":{"rendered":"\n

Blain’s Morning Porridge – May 19 2020 – Yoorp Kicks The Can<\/a><\/h3>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n

\u201cI don\u2019t think I could stand another ten years of this fighting…\u201d<\/em><\/p>\n\n\n\n

Yesterday afternoon I set out to cure Coronavirus. I set up a new company, Splurgeldrug.Com, issuing our first press release about promising new drug trials, followed by another reporting how lab rats responded favourably to the first press release, and how confident of a vaccine in the near future we are. Splugeldrug.com stock went to $600 by teatime, and I currently negotiating the leveraged acquisition of a drug major\u2026 <\/p>\n\n\n\n

It\u2019s that kind of market. Rumour and sigh abounds.. <\/p>\n\n\n\n

As a wiser heads than I have noted\u2026 most drugs take years to get to market, and less than 1% are ever approved. We still don\u2019t have an effective vaccine for the constantly evolving and mutating annual flu. To bet the farm on a successful vaccine would seem reckless\u2026 <\/p>\n\n\n\n

Let\u2019s be honest.. if we get a successful vaccine it will help speed global recovery, but it won\u2019t undo the brutal economic damage that\u2019s already been done. A vaccine will simply flatten the depth of the recession \u2013 not reverse it, and certainly not magically convert Q2 Earnings into positive numbers\u2026  <\/p>\n\n\n\n

Markets are not thriving because they expect a vaccine miracle<\/strong>. They are simply arbing governments and central banks. When Powell says he\u2019s \u201cnot out of ammunition by a long-shot\u201d<\/em>, that\u2019s a massive buy signal. Any positive news helps.. and as the central banks have got out backs, just ignore the bad stuff\u2026 <\/p>\n\n\n\n

(Oh dear\u2026 I suspect this will end badly\u2026)<\/p>\n\n\n\n

Yoorp \u2013 The Decline of the West, part 5826<\/strong><\/p>\n\n\n\n

Thankfully, I have something more significant and real(ish) to write about this morning\u2026 Yet again, for all the wrong reasons, it\u2019s time to buy European distressed European Sovereign bonds. Wait for the them to tighten. Sell, then wait for the next crisis.\u00a0<\/p>\n\n\n\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Blain’s Morning Porridge – May 19 2020 – Yoorp Kicks The Can \u201cI don\u2019t think I could stand another ten years of this fighting…\u201d Yesterday afternoon I set out to cure Coronavirus. I set up a new company, Splurgeldrug.Com, issuing our first press release about promising new drug trials, followed by another reporting how lab […]<\/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],"tags":[15674,28817,281,22663],"class_list":["post-53371","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bill-blain","tag-coronavirus","tag-europe","tag-morning-porridge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53371","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=53371"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53371\/revisions"}],"predecessor-version":[{"id":53372,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53371\/revisions\/53372"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}