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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (9643)	5/3/2020 11:40:53 PM
From: Winfastorlose	Respond to of 26534

He can sell those treasuries and strips right now and make out like a bandit. He should have huge unrealized gains in them at current market prices.

To: Kirk © who wrote (9643)	5/6/2020 1:24:15 PM
From: benwood	Read Replies (1) \| Respond to of 26534

I don't understand your extrapolation about what your friend said. Bottom line is if you are an investor with quite a bit of capital, you have a chance to stay ahead. If you've noticed the explosion of people in big cities who are homeless, you'll see the losers that I'm talking about. That line between keeping ahead and getting shot out will keep moving up. In the final stages of a profligate third world economy, the line rises rapidly and envelopes nearly everybody. Lots of examples in history. Predicting when that line comes is difficult, sometimes an exogenous event like the Spanish coming in and effecting the rapid collapse of the Incas and Aztecs, both which were stretched at the time, esp. the warring bickering Aztecs. The airline industry today is an example of how rapid things can change, although that hopefully isn't permanent, but it will be a lot different for years and you can see them all realigning for survival already. Anywhere, here was the gist of that LA Times story: A planning commissioner of a Northern California city was removed from his post Friday night after saying that just as a forest fire clears dead brush, “the sick, the old, the injured” should be left to meet their “natural course in nature” during the coronavirus outbreak. Via a Zoom meeting, the five-member City Council of Antioch, a city of about 110,000 people 35 miles east of Oakland, voted unanimously to remove Ken Turnage II from his post as chairman of the city’s planning commission. Turnage, who owns a home restoration company in Antioch, had characterized the elderly, the homeless and people with weak immune systems as a drain on society who should be left to perish as COVID-19 sweeps through Contra Costa County, where it has killed 28 people and infected 907 to date. “If we were to live our lives, let nature run its course, yes we will all feel hardship, we will all feel loss,” he wrote on Facebook. But “as a species,” he continued, the deaths would alleviate strain on the country’s healthcare and Social Security systems and free up jobs and housing. As for “our homeless and other people who just defile themselves by either choice or mental issues,” Turnage wrote, the virus would “fix what is a significant burden on our society.”