The Wuhan Flu Pandemic Journal of 2020

Well. The show started in 2019 and is on going as of the time of this writing. I will start from today and try to work back the date. Just want to have an accurate journal of what happened like I did in 2008.

2002

March 6: President Trump signed a 8.6 billion emergency fund to combat covid 19

3 bil for R&D of vaccines

2 bil for CDC

1 bil for state and local health

This is part 1 of 3 rescue packages

• January 28:
  • CEO of tinder steps down
• January 31:
  • Hulu CEO steps down
  • Total of 219 CEO steps down
• February 25:
  • Disney CEO steps down
  • Salesforce CEO steps down
• February 28:
  • Harely Davidson CEO steps down
• March 2:
  • Nokia CEO steps down
• March 7:
  • First signs of Costco running out of Toilet Paper and Paper towels (replenished the next day).
  • But Sanitizer, swipes and masks are already all gone.
• March 11:
  • US closes traveling to and from Europe for 30 days
  • Italy announce Lambardo region lockdown including Milan and Venice.

• March 12:
  • S&P drop by 9.5% as senate goes into recess and will not reconvene until Monday.
  • Talks of the 2nd stage of 1 bil rescue package collapsing.
  • Federal will inject 1.5 Trillion of repo liquidity into the market. And increase its treasury purchase.
  • Disneyland closes its doors for the 4th time in its history.
  • Italy in nationwide lockdown because northern italians escaped to south. The lockdown is soft compared to a hard lockdown like China. If you must get somewhere to do something police still lets you do it.
  • UK prime minister Boris Johnson in a speech declares that they will let the virus burn through the population normally unlike other countries.
• March 13:
  • Stock market recovers by 9% as Trump is supportive of the package
  • Bill Gate steps down from MS board
• March 14:
  • House passes bill. HR 6201. $1 bil in food aid and extended sick leave and for testing. Basically to allow people to be paid during quarantine. This is supposed to be part 2 of 3 rescue packages to come.
  • France, Spain on lockdown
  • Panics finally set in as normal food stuff. Perishables and frozen food are also disappearing from Costco and Walmart. Fights breakout in multiple places as people fight for provisions. Stabbing punching etc.
  • Laptop sold out as multinationals struggle to implement work from home initiatives.
• March 15:
  • Fed cut rates from 1% ~ 1.25% to 0% ~0.25%. Also injects $700 Bil QE. Bank reserve requirement cut to zero. $500 bil purchase in Treasury and $200 in MBS
  • IMF prepares $1 Trillion bazooka
  • Most USA states are starting to shutdown schools, entertainment and most non essential stuff
  • Huge congestion at airport from returning americans before lockdown. Super spreader event
  • Ireland closes pubs. No St.Patty’s day
• March 16:
  • Market opens limit down 10% triggering circuit breakers
  • WTI crushes below $30
  • Very high rate of private jet flying to new zeland
  • Lockheed Martin CEO steps down
  • Spain, Italy ban short selling
  • EU closes borders
  • Philippines halts market
• March 17:
  • Multiple report of violence and racism against asians for Coronavirus
  • Oil plunge to 17 year low
  • China expels all foreign journalist
  • amazon suspends all shipment except medical
  • Fed to bailout commercial paper market
• March 18:
  • DOW limit down again
  • Movie theater, Airline, Hotel and restaurants ask for bailout
  • ECB announce 750 Billion Pandemic purchase
  • Netflix up, microsoft, zoom media, adobe, amazon  and citrix
  • First Coronavirus Economic package passed 8.3 billion
  • DOW is now 19000 from 29000 high
  • Trump invoke defense production act. FEMA deployed
• March 19:
  • China claims to have no new cases
  • Young people gather in Florida beach for spring break
  • Canada lost 500k jobs
  • Tesla suspends production in California
  • Bank of England cut rate to 0.01%. QE at 625 billion
  • US dollar went up against everything else. Even bond
  • Gold, Bitcoin (safe assets) falling
  • Short term Treasury bills goes negative
  • Italy surpasses China death total
• March 20:
  • China auto sale collapse by 50%
  • This is officially the sharpest market selloff in history. Even worst than the great depression
  • Reports that China lost 15 million mobile phone users
  • Stock drop is worst than the great depression.
  • Boeing suspend buyback and dividend, CEO takes 0 salary
  • Ronin Capital, a clearing house for CME blows up. Taken over due to repo leverage. Buy treasury then short treasury derivative
  • Corps in Hospitality, travel and restaurant have drawn down their credit line
  • All assets including safe bonds drop as everyone flees to cash and get margin called
  • London hospital run out of bed. UK at 5018 infected and 233 dead
  • IRS moves tax filing to July 15
  • Home sale soared to 13 year high in Feb
  • 14 million americans laid off
  • CA issue statewide “stay at home”
  • Italian army remove dead bodies crematorium overwhelmed
  • Germany refugees riot as 1 infected
• March 21:
  • Army deployed to NYC
  • Fed confirmed to have spent 3 trillion in repo to bailout hedge funds who used repo to lever up 50x. Buy treasuries then shorting treasruy derivatives.
  • Kenyan man stoned to death for having coronavirus
  • Youths of “diverse background started looting in London and Paris
  • 281000 Americans filed for unemployment
  • US postal workers were forced to work while sick (proving that delivered mail and packages are infected)
  • 3M doubles mask output to 100 mil per month
  • Florida still refuses to close beach
  • Tesla and other automakers convert to production of medical ventilators
  • Chinese reporter for white house press is symptomatic
  • Chinese lady spitting everywhere in Thailand. More evidence of Chinese intentionally spreading.
  • Only 3 days to go from 200k cases to 300k cases
  • Flight halted to NYC
  • Massive surge in number of death : UK France Germany Italy SPain
  • Italy in full lockdown
  • Germany granting $365 billion aid package
  • The 3rd US aid package is going up to 2 Trillion
  • Italy going full lock down stopping even industrial activities
• March 25
  • Many things happened in many countries, but the general theme is more restriction towards gathering. Reduction of size from 100 to 50, 20, 10 and eventually 2.
  • Countries eventually lock down with army deployed as people doesn’t listen
  • Congress’s original aid package #3 was $900 billion. It now has blown up to 2Trillion ~2.5Trillion. Have passed senate, and been bounced back to house to be approved. Grandstanding occurred and delayed. White house is willing to sign it. Market has been rebounding in anticipation of it
  • Fed treasury has been monetizing debt for a while now. There is going to be 4 Trillion in QE. Total of 6 Trillion in stimulus will add 40% to M2 in circulation.
  • Seeing paper gold ETF decoupling from real physical gold price. Large banks failed to deliver physical gold as rehypothecation was rampant. Physical gold price going up while etf gold is going down due to margin calls.
  • First of the Commercial real estate MBS failure occuring. Dominos to follow.
  • USA cases are shooting up fast. Mainly in democratic states like WA, NY and California who are more aware of the virus vs the red states
  • Short term treasury rates are now negative.
  • Death shooting up and going exponential in USA, but Italy’s lock down is finally showing some effect of slowing down the infection rate, but it took 1 month.
  • Meanwhile, a massive return of residents to their own perspective countries brought a new wave of infected to previously clean countries.
  • One of the more dangerous narrative that’s been going around is that the economic damage from locking down will kill more people than COVID 19. So the lock down will lift after Easter, proposed Trump and let the population develop herd immunity. There are several countries going this route.
  • US automakers have mainly converted to producing masks and ventilators now.
  • Japan has postponed Olympics to next year
  • India on lock down. Potential shit show there.
  • Canada posted 1milllion unemployment claim in a week
  • USA airline traffic is 10% of normal
  • China lift lock down of Wuhan, big exodus of residents happening.
  • Tales of China Wuhan hospital turning away people to “appear” to have cured everyone
  • Flood of rental units come on the market as airbnb customers disappear.