A Flu by Any Other Name - Odd Nugget
Halting everything for nothing - 2020 in a nutshell.
An invisible and limitless threat is rattling its chains outside our windows and breakdancing on our sidewalks with no end in sight.
When will this pass? Apparently no time soon...
The World's Goverments: "Look, no hands!"
Quite literally none of the practices allegedly required to stop a virus from spreading are actually possible for people to adhere to 24/7.
We're in constant contact with one another at all times and we're essentially covered in germs.
The virus that causes COVID-19 is spreading very easily and sustainably between people. [...]this virus is spreading more efficiently than influenza, but not as efficiently as measles, which is highly contagious. In general, the more closely a person interacts with others and the longer that interaction, the higher the risk of COVID-19 spread.
It may be possible that a person can get COVID-19 by touching a surface or object that has the virus on it and then touching their own mouth, nose, or possibly their eyes.
It appears that the virus that causes COVID-19 can spread from people to animals in some situations.
Stand far apart, but hand each other stuff. Right.
Don't go out! Have someone deliver things to you. Delivery people are immune, apparently.
Wear a mask when you ride the bus, pick things up in a supermarket, etc. That way the germs and virus babies in hiding will only be on your hands and clothes instead of your face, I guess.
Maintain good social distance (about 6 feet). This is very important in preventing the spread of COVID-19.
Wash your hands often with soap and water. If soap and water are not available, use a hand sanitizer that contains at least 60% alcohol.
Routinely clean and disinfect frequently touched surfaces.
Cover your mouth and nose with a mask when around others.
Life is not a lab and a silly mask won't make me any less of a germ-mongrel than anyone else.
Considering the CDC's information above, there's practically no way your standard human is hygienic enough to avoid such a threat.
With that in mind, consider the overwhelmingly insignificant transmission rates being reported around the world:
US = 5,799,046 cases | 1.7% of the population (330,183,381 people as of Aug 26, 2020)
UK = 330,368 cases | 0.00049% of the population (66.4 million people in mid-2018)
Italy = 262,540 cases | 0.00043% of the population (60,244,639 residents or "units" as of Dec 31, 2019)
The stats above are sourced directly from each nation's government-run webpages (or the World Health Organization) and they are based on "cases", not deaths.
Let's be honest here, those numbers would hardly make a hypochondriac sweat.
Maybe humans ARE super-duper hygienic and totally not nose-picking, butt-scratching, face-touching filth-creatures.
Or, maybe we're missing something here...
Covid cases may be surprisingly insignificant, but Covid deaths are even more bizarre.
United States hospitals have a “perverse” monetary “incentive” to increase their count of coronavirus fatalities, U.S. Centers for Disease Control and Prevention (CDC)’s director Robert Redfield indicated under questioning from a Republican lawmaker during a House panel hearing on Friday.
Here in Costa Rica, things aren't much better. A recent government announcement revealed anyone who has 'been in contact with' someone with Covid will be counted as an active case.
Anything to juice the numbers, am-i-right?
With both cases and deaths being gamed in such a manner, it's astounding just how pathetic the numbers remain overall.
The most recent documented flu season clocked in at a total of at least 39,000,000 flu illnesses in the US alone.
That's a whopping 11% of the US population and nobody batted an eye. Something about mortality rates being too low (up to 62,000 deaths) compared to Covid's questionably high rate (165,946 deaths reported as of Aug 27, 2020 in the US)...
Meanwhile... Corporations: "Hold My Bags!"
While the world waits, financial games ensue...
As of August 27 the top tech stock charts look, frankly, ridiculous.
During the fiscal third quarter of 2019, Apple reported a net margin of 18.6%—the second-lowest level since the fiscal third quarter of 2008! It’s also the lowest since the third quarter of 2016. The company’s profit margins were consistently in the high 20s in the early 2010s.
So Apple's profits are evaporating at a steady rate, but it's one of the most successful stocks on the market? Gotcha.
Must be all the consumer electronics they're selling to the unemployed and locked down.
Tesla has notoriously operated at a net loss since its inception.
Mysteriously, the company has achieved its first small bit of profitability suddenly (with a net margin of 1.46% in June, 2020)...
I'm sure stock buybacks and other once-illegal but now totally ok and not a problem schemes have nothing to do with its first ever profit.
Market manipulation during worldwide socioeconomic downtime doesn't sound like a sustainable "win" to me. It would seem everything that can be leveraged is currently a bubble and the world is a porcupine.
With the Federal Reserve 'investing' freshly minted money directly into these companies' junk bonds, sustainability of such stock price rallies might not be possible.
Junk bonds are not safe investments. They are essentially IOUs from companies that could use some cash to keep from going under. As companies' credit scores start to waver, their bonds are downgraded to "junk" status.
In simple terms, junk bonds are, by definition, unlikely to be paid back.
This is a bond that was once investment grade but has since been reduced to junk-bond status because of the issuing company's poor credit quality.[...]With this bond type, you risk the chance that you will never get your money back.
So, inflation to fill the pockets of otherwise questionably solvent corporations while the world waits around, immobilized by a threat with no expiration date? Sure, why not?
As long as so-called investors can suckle at Tesla's teat of illegitimate gains, they'll sustain this sad charade just long enough for CEOs and such to wash their hands of their tech holdings.
"Let the commoners eat cake," they'll cry as the economy's sky falls flat.
Up is Down in Clown World
Hear that? It's the sound of clown.
The level of clown is rising to swallow the existing socioeconomic system whole like some gargantuan Atlantis.
We're living in a time where information itself has been commoditized and so-called 'fake news' abounds.
Following official 'facts' to their logically illogical conclusions is now classed as heresy while bizarro forms of economic corruption pick up steam in laughably flagrant ways.
A questionably threatening illness...
A crippling collapse in economic output...
A bullish market that's a load of bull...
What to make of all this? Hell if I know. But I don't like any of it.
Read about some unfortunate names found around the world next.
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