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originally posted by: butcherguy
Now that I see the US Senators are going to be getting a briefing about corona virus that we peons aren’t going to be privy to, I am convinced that no good will coming to us.
originally posted by: burdman30ott6
originally posted by: butcherguy
Now that I see the US Senators are going to be getting a briefing about corona virus that we peons aren’t going to be privy to, I am convinced that no good will coming to us.
To be fair, the explanation for that being a closed door briefing is plausibly not nefarious. The reasoning was stated as being to permit Senators to ask question that may pertain to top secret information... the feds are using military bases for the quarantines, I'm sure some of the capacity and functionality of individual bases, including what facilities they have available, aren't public record and probably should remain off the public record.
It definitely creates the perception that there's issues afoot we aren't being informed of, though.
originally posted by: burdman30ott6
More telling than the market itself is the fact that the 30-year US Treasury yield is now in uncharted territory at 1.84%. The 10 year is dropping as well. We saw the dreaded yield curve inversion when China first started applying lockdowns in January, but the 10-year picked back up in very early Feb when it appeared this virus may be confined to China. Friday and today show a very large number of investors seeking the 10 and 30 year shelters... that's a very bad omen that usually precedes an actual recession.
www.treasury.gov...
ETA: I realize this isn't exactly a "Coronavirus update" as it is economic news first and foremost, but investors tend to keep their fingers on the pulse of world events more than many politicians and average citizens do. Today's market activity is absolutely a direct indication that Wall Street feels the worst of this has not yet passed. I think they gave China time... even if China had come out today and said "All clear, we're going to reopen for business next week" we'd have seen significant selling. The market selling is as much a result of a month without China manufacturing anything as it is a measure of future fear... simply put, investors kicked the can down the road a few weeks rather than taking losses when it was first realized that China would be missing production deliveries and that impact would go well beyond China. The yields are the concerning part here... the Treasury is dropping yields precipitously and it isn't squelching demand. That indicates investors are looking to lock up their money for the next 10 years at rates that are well beneath inflation... it's costing them money to save their money, but they fear even greater losses in the short term and in the markets. That's how serious the Coronavirus is where the economy is concerned.
originally posted by: JSpader
a reply to: fleabit
I just don't think that is fair to him (keep in mind I did not vote for him). Our country is trillions in debt and something had to be cut....you think the Military Industrial Complex is going to allow them have less money...lol...not a chance.
originally posted by: BowBells
British MSM seems to be starting to report more and and making it seem slightly more alarming then they have been..
disease x?
italy hunts super spreader
FTSE100 fall
how close to a pandemic?
SKY virus outbreak in realtime
Theres more too.. maybe this is the start of the drip feeding to us, however theres been a definite marked increase in the reporting this past few days.