1/9

I actually think you were right, and so are the dozens of replies to me that "people" will relax once they find out it is no more harmful than the flu.

But this is the wrong crowd to focus on.

@kofinas

2/9

It's all about blue state politicians ("Karens"). Will they call off their "control" to "stop the spread" to "protect health" all while "following the science?"
3/9

Will Blue Karens say it ok that the US is setting new daily case records, and hospitalizations are rising to new records in the Northeast and upper Midwest, as these charts show?

Will their message be "continue with your life?"

4/9

I believe the answer is no.

Blue Karens were overwhelmingly elected by blue voters that WANT RESTRICTIONS and LOCKDOWNS when cases rise.

"Red Rons" were elected by red voters that do not restrictions/lockdowns ever again. And they will never get them again.
5/9

Chart of office usage.

Red Texas, with "Rons" in charge, is above 50%, because they want back in the office.

Blue cities, with "Karens" in charge, are not above 35%, because they don't want back in the office.

The big Karen, Di Blasio, scared away subway riders.
6/9

Overall, the public is ready to get back to normal. They are flying at pre-pandemic levels and went in droves to see spiderman in theaters this weekend.

No one is afraid.
7/9

But this might actually be the problem!

Blue Karens can restrict movement/ability to work but that will not stop us buying stuff (Amazon boxes). Blue Karens restrictions will just impact/slow the supply chain.

This is fixed with higher prices, read more inflation.
8/9

This is big problem for markets.

The Fed cannot print into a decline because inflation now exists, something that was not an issue the last 13-years (back to 2008).

If they do print, and pump inflation higher, they wreck the Democratic Party.

9/9

What makes me wrong?

Biden, Di Blasio, Adams, Lightfoot, Witmer, Pritzker, Newsome, Fauci ... all the Blue Karens ... say in unison this is endemic and nothing but the flu. Ignore the cases and hospitalizations and live your life.

I wish they would, but do not expect it.

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More from @biancoresearch

21 Dec
1/5

An update on the biggest story no one is talking about (at least in the US)

Through Dec 19, only 59% of European natural gas storages are filled. The labels show the % of storage filled at similar points in past years is closer to 77% on average.

59% is a 10-year low. Image
2/5

As the chart below shows, the flow of gas from Russia to Europe is down considerably. Image
3/5

In the last several days flows have essentially hit zero. Image
Read 5 tweets
19 Dec
1/4

What is the biggest story that no one is talking about?

It might be that natural gas is NOT flowing from Russia to Europe.

*GAS AUCTIONS SIGNAL RUSSIAN FLOWS TO REMAIN CAPPED ON MONDAY

*ONLY 4% OF GAS-PIPELINE SPACE INTO MALLNOW BOOKED FOR DEC. 20

@JavierBlas
2/4

The price of natural gas in Europe is up 10x in a year.

And German electricity prices are going through the roof, up 8x in a year.

And winter does not technically start until Tuesday.
Read 6 tweets
19 Dec
1/13

How big a deal is inflation? Some new news this morning.

In Washington this is big deal for Biden and his 2022 agenda.

wsj.com/articles/manch…
2/13

Manchin has cited a range of reasons for Democrats to not forge ahead with their ambitious package since the summer, urging a "strategic pause" since August.

But inflation is at the top of his list.
nbcnews.com/news/amp/ncna1…
3/13

Manchin even cited Powell's testimony about inflation.

Do not underestimate the impact inflation is having on the 40% that rent and have little to no savings.

This is why we get this incredible position by a political party

They want rate hikes!

ft.com/content/1ae49b…
Read 13 tweets
18 Dec
1/14

COVID update

3 things at the top.

1. This is not what I want, or think is right, it is what I fear is coming.

2. Rising cases cause POLITICAL panic and drive policy (read: restrictions).

3. Economic restrictions mean inflation; they hit supply more than demand.
2/14

Start with South Africa and the rest of Africa, cases are going parabolic.

South Africa cases are up 100x in a month and the rest of Africa is following close behind.

This is the source of Omicron and it is not slowing yet.
3/14

Asia, the beginning of the supply chain, and it is trending higher.

Most of these countries used the Sinovac vaccine that has been shown ineffective against Omicron.

Many also have a zero COVID policy. One case and they lock down.
Read 17 tweets
17 Dec
1/6

Exactly one year ago TSLA was added to the S&P 500.

Studies show that you should buy the stock getting kicked out, as all the bad news is in the price, and sell the stock going in, as all the good news is in the price.

This idea worked again.
2/6

Nancy Pelosi's husband Paul BOT TLSA options two days after it was added to the S&P 500.

Paul Pelosi bought on Dec. 22. [2020]. ... 25 call options strike of $500 expiring on 3/18/22.
barrons.com/articles/nancy…
3/6

Here is a chart of the TLSA 500 calls expiring on March 18, 2022.

He paid about $257 for each option on 12/22/20.

By mid-May they were down 50%. Today that position is up 71%.
Read 6 tweets
16 Dec
1/4

Citigroup Inc., Carlyle Group Inc., Millennium Management and Citadel, Ken Griffin’s hedge-fund firm, are allowing remote work through the holiday in response to the latest rise in infections.

bloomberg.com/news/articles/…
Read 4 tweets

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