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🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️ Oh New York Governator Cuomo

wsj.com/articles/new-y…
I mean, come on. Oh Cuomo. What were you thinking????

The Governator of New York where the death tolls are 10 times California, a state much more populous. And oh the ventilators while he pushed Covid-19 positive to nursing homes.

Nursing homes!!! 🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️😬👵🏻🧓🏻👴🏻
Covid deaths in New York. That's 27,641 people dead. Alot of them are in nursing homes where the state sends Covid-19 positive people to nursing homes, the population most vulnerable for Covid, esp men

Meanwhile, outrage over ventilators missing that were plentiful. Plentiful.
Do you remember Cuomo thanking China for the +1000 ventilators that he didn't need as he had a bunch in storage. Yes, I know exactly how many because I read his state's report on how to disburse ventilators & they have the exact count & estimate for all scenarios. Makes u think.
Just in case you are wondering, I did an analysis of this over lunch one day & I was spot on that he would be in total surplus & that he was hysterical & I read him right.

Cuomo is no superman but a PR machine, like Trump. Cut from the same cloth.

The headlines & articles on ventilators were just full of hysterics!!! Omgosh, how could Trump not get Cuomo 40k of ventilators while no one spends time analyzing what Cuomo was doing like sending Covid to nursing homes.

Or read his NY doc on ventilators.
And I go as I got a lot of words to write by next week. But remember what George Orwell said:

THE REAL NEWS IS WHAT'S NOT ON THE NEWS!!!

Don't fall for the PR trap.
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Trinh Nguyen
@Trinhnomics
On CNBC tomorrow at 810am HKT to discuss the following:
*Vietnam beyond covid & why after crushing Covid, it needs to move up the value chain
*But a mixed call given that BOT worst in March & did a lot to help stabilize markets so don't expect bazooka tomorrow even if GDP falters
*Markets expect a 25bps cut for BOT to go to 0.5% from 0.75% & some expectation of QE but I think too early to discuss QE as BOT did a bit of short-term QE in March but needs time to digest (don't forget fiscal for Thailand is large & close to 10% of GDP
*China LPR, likely a hold
*China held 1-yr MLF recently & did 50bps RRR cut for small & medium sized banks + M2 data + TSF better so key issues are very much demand side driven.
*Don't forget that demand indicators bad (retail sales + FIA & only infra + property bounced) while supply better.
*Demand key
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Trinh Nguyen
@Trinhnomics
Reagan in 1982:

"We're approaching the end of a bloody century plagued by totalitarianism. Optimism comes less easily today, not b/c democracy is less vigorous, but b/c democracy's enemies have refined their instruments of repression."

There's a threat posed to human freedom by the enormous power of the modern state. History teaches the dangers of gov that overreaches - political control taking precedence over free economic growth, secret police, mindless bureaucracy, all combining to stifle individual freedom.
If history teaches anything it teaches self-delusion in the face of unpleasant facts is folly. We see around us today the marks of our terrible dilemma - predictions of doomsday, anti-nuclear demonstrations, an arms race in which the West must be an unwilling participant.
Read 3 tweets
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Trinh Nguyen
@Trinhnomics
Good morning! It’s Friday (China data dump day!!!) Here are some flowers 💐 from my mom’s garden. She likes the whole “wild” aesthetic & her hill is pretty alive, not with music, but all sorts of succulents, Mediterranean & tropical plants + fruit trees! Got an excel on inventory
China data at 10am - people are eyeing retail sales (very key for demand) and hope of normalization to single digit decline of demand for goods.

Japan had PPI further deflated in April (China too). So here we go, demand wanted!!!
China retail sales out soon. Note that while services normalized (%MoM for service PMI), China retail sales normalizing at a glacial pace & so given the still contraction of service PMI in April, will we get something that resembles a recovering today.
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