Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases for three decades and one of the leading experts on pandemics in the U.S. for the last four decades, dished out some harsh words to both the U.S. public and federal authorities. Fauci said SARS-CoV-2, the name for …
Read More »Key Words: ‘Travel will never, ever go back to the way it was,’ Airbnb CEO says
“ “Travel will never, ever go back to the way it was pre-COVID.” ” That’s the grim view of Airbnb Inc. co-founder and Chief Executive Brian Chesky, in an interview published Sunday by Axios. “I will go on the record to say that travel will never, ever go back to …
Read More »Key Words: ‘Black Swan’ author says if investors don’t use a ‘tail hedge,’ he recommends ‘not being in the market’—‘We’re facing a huge amount of uncertainty’
“ ‘If you don’t have a tail hedge, I suggest not being in the market we’re facing a huge amount of uncertainty.’ ” That’s “Black Swan: The Impact of the Highly Improbable” author Nassim Nicholas Taleb offering his view on the risks swirling in the market and a growing lack of clarity …
Read More »Key Words: Bill Gates: Poor U.S. response is making pandemic picture ‘more bleak than I would have expected’
“ “The global picture and the U.S. picture are both more bleak than I would have expected.” ” That’s Bill Gates, the Microsoft Corp. MSFT, +1.26% co-founder whose philanthropic foundation has long funded the global fight against infectious diseases, speaking about the coronavirus pandemic Thursday night during a virtual town …
Read More »Outside the Box: ‘Wildly out of context’ — Navarro on his own words, and the markets in relation to the economy
We got a taste of things to come when White House China hawk Peter Navarro stated to the press that the U.S.-China trade deal was “over.” Cue a plunge in stocks ES00, +0.14% and in CNY USDCNY, +0.04% and in bond yields and general risk-off. Then cue the inevitable rapid …
Read More »Key Words: The risk-reward in the stock market isn’t looking good, warns fund manager overseeing $16 billion in assets
“ ‘The stock market has already discounted a significant degree of the economic recovery. So, incrementally improving data here might not do much to lift prices. The risk-reward isn’t great here.’ ” That’s Bryn Mawr Trust’s Jeffrey Mills, who oversees $ 16 billion in assets, talking to CNBC Friday about …
Read More »Key Words: Stock-market legend who called 3 financial bubbles says this one is the ‘Real McCoy,’ this is ‘crazy stuff’
“ ‘My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And …
Read More »Key Words: Fauci calls pandemic his ‘worst nightmare,’ warns ‘it isn’t over yet’
Dr. Anthony Fauci on Tuesday called the coronavirus pandemic his “worst nightmare,” and warned that while he’s confident a vaccine will be developed, the outbreak is far from over. “ “In a period of four months, it has devastated the whole world. And it isn’t over yet.” ” — Dr. …
Read More »Key Words: Mitt Romney marches in D.C.: ‘We need to stand up and say that black lives matter’
“ “We need a voice against racism, we need many voices against racism and against brutality. And we need to stand up and say that black lives matter.” ” That’s Sen. Mitt Romney on Sunday, as he joined a group of around 1,000 Christians marching in Washington and was asked …
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