The EU as we know it ended yesterday

The German Constitutional Court just over-ruled the European Court of Justice on a critical question of proportionality in the ECB’s quantitative easing programme. If the GCC can over-rule a “superior” court, then the entire basis of law underpinning the European Union as a construct is now void. Expect crisis to follow. https://morningporridge.com/the-morning-porridge/f/blains-morning-porridge—may-6th-2020-europe-wobbles

Federal Reserve’s “Severely Adverse Scenario” was mild compared to Coronarmageddon

The Federal Reserve requires banks to run stress tests that assume certain bad scenarios to make sure the banks can weather a market downturn. Their worst case scenario had GDP falling by 9.9% in Q2 2020 with unemployment jumping to 10% by Q3 2021. Based upon recent estimates from Goldman Sachs, GDP will likely fall […]

Visual charting of hospital capacity by state

This site shows projection models of COVID-19 hospitalizations and deaths, by US state as well as for the whole USA (no other countries). You can see where we are now, relative to where we are likely to be headed. You can see shortfalls of hospital beds, ICU beds, and # of ventilators needed. https://covid19.healthdata.org/projections It […]

Lots of Good News Today

BEST NEWS – Coronavirus cure: French researchers completed new additional study on 80 patients, results show a combination of Hydroxychloroquine and Azithromycin to be effective [techstartups.com] in treating COVID-19. “The team also found that, by administering hydroxychloroquine combined with azithromycin, they were able to observe an improvement in all cases, except in one patient who […]