Black Monday

[Chinesekiwi]

ok I'll fess up - we made a beeline for Sals Pizza.

Home cooking has lost its lustrous veneer, though we will cook now ongoing more than ever before.

[Balance]

https://www.dailymail.co.uk/news/art...eady-fall.html

Pfizer reckons their vaccine could be ready by end of the year.

We can but hope that the unprecedented international effort to produce a vaccine will bear fruit sooner rather than later.

[clip]

went to kfc yesterday but had to miss out lines were too long and new someone who went to mc d's 2 hr wait so we flagged yesterday for our fix but happy to report we got in at mc d's the 2 off us today and us hungry people ate our way thru $60 of burgers in 10 mins lol que's not as bad thankfully , going to wendys tonight for dinner and kfc later in the week then should have satisfied my urge for a while. hungry people us , work hard eat hard lol

We very much enjoyed our $55 of Wendy's between 2 for lunch today, it's about the only thing we've been missing/craving for the past 5 weeks. And subway one particularly hungover sunday..

[Tomtom]

I caved in and ordered some stock for the drinks cabinet. It was that or raid the earthquake emergency supply kit for the bottle of Vodka. Complacency on my part of course, we cannot rely on global supply chains in a crisis and I have now learned my lesson about carrying an inventory.

[bull....]

We very much enjoyed our $55 of Wendy's between 2 for lunch today, it's about the only thing we've been missing/craving for the past 5 weeks. And subway one particularly hungover sunday..

we made it to wendy's last night too more burgers lol. i prefer wendy's over mc d's myself spicy chicken burger yum ( normally i go to kfc for there chicken burger but they are not doing them) but its never as busy as mc d's so im obviously in the minority.

I can report it was no way that busy at 8pm driving past all the takeaway places last night compared to monday so im guessing after this week it will be very much over the rush and will return too normal or lower sales than normal is probably my pick going forward. Im going to kfc later in the week to see if this is correct.

[bull....]

Fed pledges to keep rates near zero until full employment, inflation come back


https://www.cnbc.com/2020/04/29/fed-...come-back.html


The economic decline in the first quarter reveals even weaker consumers and more unknowns ahead

https://www.cnbc.com/2020/04/29/the-...wns-ahead.html

listening to the fed live now and saying will just keep printing money and lifting debt levels do what ever it takes.
question is does all this do what ever it takes from fed and govt mean in years to come there will be low growth for years as high consumer and govt debt constrain growth , they never be able to raise rates again much as it will cause another crash seems like digging a bigger hole all the time to me.
artificially propping everything up to prevent a normal cycle reset will never work in the long run just mean finally when it ends the damage will be the worst the world have ever seen obviously some people dont want to see a reset in there life time lol.

[Balance]

https://www.reuters.com/article/us-h...-idUSKBN22B1T9

Potentially very good news from Gilead.

[Balance]

https://www.cnn.com/2020/04/29/europ...ntl/index.html

Another potential vaccine on the way.

We can but hope that one of the several vaccines going to human trials is going to work.

[Aaron]

Nouriel Roubini is one voice of concern. He even suggests deflation is a possibility (risk3). No one expects that.

https://www.theguardian.com/business...evitable-covid

[Balance]

Nouriel Roubini is one voice of concern. He even suggests deflation is a possibility (risk3). No one expects that.

https://www.theguardian.com/business...evitable-covid

Good to get all perspectives, positive or negative, optimistic or pessimistic.

Up to each of us to decide on what to do.

As they say, when in doubt, stay out!

Also, be greedy when others are panicking.