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Albert Pinto Profile picture
@70sBachchan
Jul 11, 2020 • 14 tweets • 10 min read • Read on X
"In the end, Trump did what he said. He built a wall around 🇺🇸 & made the world pay for it. He just never told Americans that they’d be stuck inside. Welcome to the Plague States of 🇺🇸. You can check out, but you can never leave"
@indica turns the knife! medium.com/@indica/the-pl…
"Given than you need a functioning government to manage this pandemic, that's [2021] the soonest Americans can get one.

It’s far too late.

...In the absence of a humane government, America is now ruled by COVID-19. Welcome to the Plague States of America." 2/ Image
Travel out of infected Northeast & from Europe accelerated spread nationwide in Feb/March. Exodus from NY/NJ area especially by affluent sparked outbreaks. Its a comprehensive failure of national strategy, not of individual states. 3/ nytimes.com/interactive/20…
"Besides impeaching a dead-duck President, there’s nothing America can do but wait, while COVID-19 grows ever stronger. Grows completely out of control. In a pandemic, days matter, hours matter. A year is entirely too late." #viraltime 4/
"Plague States of America" is harsh but true. By November elections, US projected to have close to 7 Million cases (detecting roughly 1 in 5 infections, so thats 35 million infected americans and ~200,000 lives lost). /END covidanalytics.io/projections
covid19-projections.com/#current-us-pr… Image
.@BrankoMilan comparison. Germany beating Brazil was jaw-dropping during the first half. This is jaw-dropping, coronavirus shooting goals, running circles around a bungling defense, for a whole year.
GOP insane gamble isn't "ppl should die" but that
(1) virus is unstoppable anyway
(2) Better to infect ppl rapidly & 'achieve' peak by August
(3) Claim success as cases/deaths will be declining going into Nov elections. Boosts Economy prospects. (4) Win
washingtonpost.com/us-policy/2020…
Trump/GOP stump speeches for elections:
"Yes 200-250,000 ppl are dead. But we fixed it. Remember how awful August was? September and October are so much better. Jobs are back. Wages are going back up. Its Morning in America again."
covid19-projections.com/#current-us-pr…
Look how close November elections are *now* with over 150,000 dead & economy in toilet. Best projections (@youyanggu) suggest covid declines from September onwards. Don't write off Teflon Trump.
covid19-projections.com/us
Image
Too many ppl are lost in a maze of numbers when the way to stop plague, is really simple - 'Find, Test, Trace, Isolate, & Support'. Its just each has to be coordinated & done in a focused way. All while #viraltime clock ticks fast independentsage.org/wp-content/upl…
Image
The Real Pandemic Danger Is Social Collapse
"If more people emerge from the current crisis with neither money, nor jobs, nor access to health care, and if these people become desperate and angry... "
-@BrankoMilan in March. pic ht @JStein_WaPo
foreignaffairs.com/articles/2020-… Image
Best projections suggest each week from here on has fewer deaths. Trump/GOP campaign msg will be: "Yes 250,000 ppl are dead. But we fixed it. Remember how awful August was? Sept & Oct are better. Jobs are back. Wages are up. Its Morning in America again"
Image
Lot of self-congratulation in Pence's #RNC2020 speech. The corona czar has been bungling one thing after another, but not in this alt. reality. Key Q is whether ppl prefer to forget the scandals as daily new cases/deaths decline cnn.com/2020/08/26/pol…
Image
Heartening trends. In places that were hotspots before, cases per million are *way* down. Hospitalizations down nearly 70% in latest hotspots. Arizona, for eg., had ~3500 hospitalizations in mid July. Now, under 600.

covid19-projections.com @tedfertik

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More from @70sBachchan

Albert Pinto Profile picture
Aug 14
“The market will solve climate”

The market:
“The market will solve climate”

The market: Electricity hungry BigTech created a credits "system is akin to buying the right from a fitter colleague to say you have cycled to work, even though you arrived by a car that runs on petrol." @CamillaHodgson
ft.com/content/2d6fc3…

Image
Image
“The market will solve climate”

The market: Oil Pipelines are ESG and low carbon! This giant tub of ice-cream won't make you fat because the tub is made of zero-calorie material & by athletes.
Read 9 tweets
Albert Pinto Profile picture
Aug 2
Netanyahu assassinates Haniyeh in Tehran & Hezbollah’s Shukr in Beirut. We are on cusp of regional war in Middle East. Forces are being deployed, Defences readied, Redlines of targets communicated.

Thread to track ‘response function’ of each adversary
nbcnews.com/news/world/hez…
Image
2/ In Israel's corner are US, UK, Egypt, Saudis, Jordan &Abraham Accord (informal milvalliance) with oil Kingdoms - UAE, Bahrain.

They have communicated to Israel that they will defend Israel if it is attacked by Iran axis but will not participate in a war initiated by Israel Image
3/ "US is expecting the anticipated Iranian attack may be similar to the barrage of ballistic missiles & drones launched against Israel on April 13...But this attack could be larger...including the possibility of a coordinated attack with Iranian proxies from multiple directions" Image
Read 22 tweets
Albert Pinto Profile picture
Jul 26
Unbelievable vibe shift in the US with Kamala Harris
Image
The vibe shift, on the ground, in swing state Wisconsin

" Kamala Harris electrified the crowd in her first campaign rally as presumptive Democratic nominee. "I haven’t felt anything like this in many, many years,possibly since President Obama’s first run"
therecombobulationarea.news/p/in-west-alli…
Image
For 2yrs, gap between sentiment & economics widen. Did Kamala end vibecession? @kylascan
"There's layers to the cake:
How people expect things to be (expectations)
How things are supposed to be (theory)
How things are (reality)"

kyla.substack.com/p/the-vibecess…
Read 6 tweets
Albert Pinto Profile picture
Jul 12
Latest @polycrisis dispatch is out. @kmac & I show just how deep the finance-ecology-geopolitics rabbit hole Hurricane Beryl goes. Sign up here:

buttondown.email/polycrisisdisp…
2/ Ecology: With super hot oceans, we are very worried about this Atlantic hurricane season. THIRTY storms are predicted plus minus 5, depending on el nino

Finance: Worry that coming devastation will shake insurance industry to the core just as 2004-5 did
phenomenalworld.org/analysis/globa…
Image
3/London, Zurich, Bermuda are home of reinsurance.
Insurance model rely on risks being 1 Uncorrelated 2 Calculable 3 Paid for by mkt returns elsewhere
But #globalwarming upends Insurance
It correlates risks (global!); creates catastrophic fat-tails; and crimps returns everywhere. Image
Read 4 tweets
Albert Pinto Profile picture
Jul 4
what reading one book by Brett Christophers does to a mf
‘while it is possible to prevent businesses from doing profitable things, it is impossible to make them do things they consider insufficiently profitable’. Why do all this 'market failure' nonsense
ft.com/content/b2b6fb…
Brett Chrisopher's work on Rentier Capitalism has been eyeopening. Asset Managers like Blackrock now run the roads we drive on; the pipes that supply our drinking water; the farmland that provides our food; electricity & heat. Nice profile

@ddhitchens
compactmag.com/article/how-as…
Under capitalism, profit expectations drive companies’ invstmt decisions. Building solar/wind & selling the electricity they generate, however, generally is not a very profitable business What sort of returns do investors earn, asks Brett Christophers time.com/6958606/climat…
Image
Read 9 tweets
Albert Pinto Profile picture
Jun 4
Yes, BJP still sets the terms in the Indian parliament. But it will not have the decisive electoral majority of 2019-2024 lok sabha where it ran bills with zero opposition or consultation. After this election it will have to respect India’s opposition and democracy
India's stock market slides. Their logic?
BJP not winning in a landslide -> forced to have a NDA coalition government that will inevitably have to be more pro-welfare
--> hence the BJP cannot do nakedly pro-rich liberal reforms --> Oops, sell sell sell

Image
Adani's reversal tells you everything.
"In 9yrs of Modi’s tenure, Adani’s wealth grew from $8bn to $137bn. In 2022 alone, he made $72bn, which is more than the combined earnings of the world’s next 9 billionaires" ht @AnnPettifor

theguardian.com/commentisfree/…

Image
Read 42 tweets

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