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Thursday, August 18, 2022

The COVID Panic Is A Lesson In Using Statistics To Get Your Way In...

Authored by Ryan McMaken via The Mises Institute, It is unlikely that pundits, politicians, and the general public have ever been so obsessed with numbers as they are right now. I speak, of course, of the numbers surrounding deaths and illnesses attributed to COVID-19. For months now, every new day has brought new headlines about…

The COVID-19 Panic Shows Us Why Science Needs Skeptics

Authored by Peter St.Onge via The Mises Institute, The dumpster fire of COVID predictions has shown exactly why it’s important to sustain and nurture skeptics, lest we blunder into scientific monoculture and groupthink. And yet the explosion of “cancel culture” intolerance of any opinion that doesn’t fit a shrinking “3 x 5 card” of right-think…
baby-boomers-panic-hoard “covid-campers”-to-escape-big-cities-as-second-wave-threats-emerge

Baby Boomers Panic Hoard “Covid Campers” To Escape Big Cities As Second Wave Threats Emerge

Americans are packing their bags, purchasing motor homes, and fleeing large cities as fears of a second coronavirus wave emerge.  Bloomberg reports floor traffic at Mike Regan's two RV dealerships near Austin, Texas, jumped 30% compared with last May.  "Cooped-up Americans desperate to get out after months of lockdowns are dreaming of doing something—anything—that resembles a vacation. But…

Universities Panic As Dorms Sit Empty: Recruiting, Tuition, & Faculty Contracts In Limbo

Colleges and universities across the nation are stuck in financial limbo at a moment that key staffing, faculty contracts, student recruiting, and donor revenue-related decisions are typically made for next year, also as controversy erupts over refusal to refund student housing and campus activity fees. The $600 billion-plus higher education industry is expected to suffer effects…

The University of Chicago’s College of Medicine on COVID-19 [Video link]

Every since the novel coronavirus and the associated illness called COVID-19 entered the news stream, one might think that Stephen King’s The Stand, or Michael Crichton’s Andromeda Strain might have come to life. Biosuits. Quarantine of cities, regions and nations. People falling over dead on video. News blackouts and propaganda. Suspicion that “they are lying to us!”…

Coronavirus begins its advance in the USA and Europe [Video]

When the novel coronavirus first made its appearance in Wuhan, China, it was newsworthy, but it seemed difficult to trust the information coming out of China, due to its communist governmental structure. To some extent, this suspicion appears to have been justified, as one of the main doctors who warned his own government about the…

One tale of an American coronavirus patient

For your consideration, we are starting to get personal accounts from people who are experiencing the illness caused by the novel coronavirus. While there is certainly cause to be skeptical, considering all the rhetorical hyperbole versus the real effect of the outbreak on world markets and events, pieces like what follows do seem to give…

Coronavirus Panic Goes Global: S.Korea Warns Of “Watershed Moment” As Italy Confirms 3rd Death,...

Summary: Italy confirms 3rd death 4 more cases confirmed in UK 200 Israelis quarantined Japan confirms more cases Japanese Emperor expresses hope for Tokyo Games Italy cancels last 2 days of carnivale in Venice as cases soar above 100 SK total cases above 600, rivals 'Diamond Princess' for biggest outbreak outside China Trump says US…

“Don’t Panic”: CRE Crisis Hits The UK As Largest Property Fund Suddenly Halts Redemptions

Earlier this week, ECB vice president Luis De Guindos, speaking in an interview with El Mundo, offered a surprisingly candid take on how the ECB is distorting capital market, saying that while "we can still increase bond purchases or lower interest rates further, which means that we still have the same tools available" he added…

“Policy Panic” Arrives: Here’s How To Trade It

Yesterday's violent reversal in the S&P which followed a dreadful non-manufacturing ISM (which in turn followed a dismal manufacturing ISM print just days earlier), confirmed that once again "bad news is good news" for the market (although today's market reaction to the lukewarm payrolls report in turn suggested that both bad and good economic news…
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