Over the past three days a bipartisan group of senators, not leadership, constructed a $1.6 Trillion emergency aid package to rescue the U.S. economy and American workers.  The package had the support of Mitch McConnell. It is called The Coronavirus Aid, Relief, and Economic Security Act, or “CARE Act“. [READ BILL S.548 HERE]

However, at the last minute House Speaker Nancy Pelosi, having returned from her House recess vacation sipping cocktails poolside, instructed Senate Minority Leader Chuck Schumer to crush the senate effort.

Power hungry Pelosi sees an opportunity to use the looming economic crisis as leverage for selecting winners & losers amid the K-Street lobbying community.  Donors for Democrats will be rewarded; supporters of Republicans, not-so-much.  This is DC at it’s worst and Pelosi isn’t going to lose another opportunity.  It’s the same process she used in ’08/’09.

“Twice in one lifetime… How blessed am I?”

Senator Schumer did as he was instructed.  The relief bill did not pass cloture (60 votes needed), and the three-day effort collapsed.  Immediately the DOW futures dropped 5%.

WASHINGTON DC – “I want everybody to fully understand if we aren’t able to act tomorrow, it will be because of our colleagues on the other side continuing to dicker when the country expects us to come together and address the problem,” McConnell said on the floor. He added that over the last 48 hours there were bipartisan discussions among “regular members of the Senate, not in the Leadership office, not in the speaker’s office for goodness sakes.”

“She’s the Speaker of the House, not the Speaker of the Senate,” McConnell added. “We were doing just fine until that intervention.”  (more)

There are two main points Pelosi is targeting.  First, because COVID-19 creates a MASSIVE SPENDING opportunity, Speaker Nancy Pelosi wants to include the elimination of college debt, literally wipe out student loans – which ironically and intentionally were created under Obamacare, in the coronavirus bill.

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Today Ohio, Delaware and Louisiana joined California, New York, Connecticut, New Jersey and Illinois by issuing mandatory stay at home orders for their citizens.  A total of eight states now have total coronavirus compliance orders restricting movement.

(Via Reuters) […] “Every piece of evidence that I can lay my hands on indicates that we’re at an absolutely crucial time in this war and what we do now will make all the difference in the world,” said Ohio Governor Mike DeWine. “What we do now will slow this invader. It will slow this invader so our health care system … will have time to treat casualties.”

Ohio has 351 cases and three deaths while Louisiana has 837 cases and 20 deaths, several in a senior care facility. Louisiana has the third highest number of cases per capita and saw a 10-fold increase in cases in the past week, Governor John Bel Edwards said.

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President Trump and the coronavirus task force will be updating the public and answering questions from the Brady press room at the White House today at 5:00pm ET.

There may be questions about the DOJ requests for increased authorities to arrest and detain non-compliant citizens without judges/lawyers – Livestreams Below:

WH Livestream Link – Fox News Livestream Link – State Dept. Livestream Link

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Treasury Secretary Steven Mnuchin appears on Fox News to discuss the financial legislation (likely vote tomorrow) to support workers and businesses immediately impacted by President Trump’s proactive shut-down of the U.S. economy.

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The Deep State is playing COVID-19 perfectly.  With the intention to create/instill extra fears amid center-right Americans; and timed to emphasize the center-left narrative of authoritarian Trump; U.S. Attorney General Bill Barr steps in to execute his role.

U.S. AG Bill Barr asks legislators to empower him with more legal authority to take actions within the justice department amid the crisis known as the 2020 Coronavirus pandemic.

(Via Politico) The Justice Department has quietly asked Congress for the ability to ask chief judges to detain people indefinitely without trial during emergencies — part of a push for new powers that comes as the coronavirus spreads through the United States.

Documents reviewed by POLITICO detail the department’s requests to lawmakers on a host of topics, including the statute of limitations, asylum and the way court hearings are conducted.

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CTH analyzes data to assemble unemotional models that reflect/predict outcomes.  If this type of government mandate expands much further, there WILL be rationing – it is an inescapable conclusion.  It’s not a matter of “if“, it’s a matter of when… where… and how.

Perhaps that explains all the National Guard deployments and pre-staging:

Kansas/Missouri – Today the CORE 4 partners of Jackson County, Missouri; Johnson County, Kansas; Kansas City, Missouri, and the Unified Government of Wyandotte County/Kansas City, Kansas, based on the urgency of the COVID-19 public health emergency and the imminent rapid progression of the pandemic in our area, announce that beginning Tuesday, March 24, residents will be directed to stay at home except for essential needs.

All jurisdictions will issue orders that will stay in effect for 30 days from the effective date of March 24, with consideration after 30 days of whether to prolong these orders beyond that date, based on public health and critical care metrics available at that time.

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If Mitt Romney and Hillary Clinton had a child, it would be Nikki Haley.   Ms. Haley and her paid staff of political wind-testers, are constantly scanning the horizon for optics and issues that might upend her aspirations to the presidency.  Today she quits the board of Boeing after the likelihood of a government bailout starts to rise….

(Via CNBC) Former U.N. Ambassador Nikki Haley stepped down from Boeing’s board of directors after less than a year because she opposes government aid to help the aircraft manufacturer weather the coronavirus crisis, the company said Thursday.

Boeing earlier this week said it is seeking $60 billion in government aid for itself and its massive supply chain because of the virus. The manufacturer’s suppliers include United Technologies, General Electric, Spirit Aerosystems and dozens of others. The administration hasn’t yet said what Boeing, a top U.S. military contractor could receive.

President Donald Trump this week threw his support behind the manufacturer, saying: “We have to protect Boeing.”

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…there had to be a point where the value of the Wall St economy surpassed the value of the Main St economy… Part I Here

We now look forward, and consider the question: How would the multinational underwriters, the multinational financial systems, reset all transactional tables (the bookkeeping systems underneath the valuation) if the U.S. stock market was ever forced to re-value economic nationalism over multinational globalism?

To first answer the “how” question, we must visit the “why” question. Why would the multinational financial underwriters want to reset their valuations?

Obviously, the global financial system does not act altruistically. What would motivate the global wealth valuation authority (various market investment indexes) to want, or need, a reset.

The answer to the “why” question might not be as challenging as it appears.

First, there has been a seismic shift in how the world looks at the economic exploitation of multinational systems, or globalism.  See Bernie Sanders?  See those yellow vests in France?  See what happened with the U.K. Brexit referendum?  See the shrinking EU influence?  See the open/public confrontation and push-back against China? See Trump? All examples are consequences of the rise of economic nationalism.

Secondly, the original Wall Street corporate motive (during decades of mergers and acquisitions) to shift product manufacturing to Southeast Asia (ASEAN nations) was driven by a lower cost of overall business, higher profit margins and greed.

As a direct outcome economic wealth was shifted from the U.S. to ASEAN nations, and particularly China. Low wages, low regulation, cheap operational costs, incentives and subsidies from Asia equals cheap TV’s, sneakers, furniture and durable goods.

Even with high fuel prices and overseas shipping costs, there was a big difference between U.S. and ASEAN manufacturing costs.  As hundreds of U.S. Wall Street multinationals chased profits the rust-belt was created.

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A very big picture discussion requires a considerable baseline.

The stock market is not the U.S. economy; the stock market is an investment instrument that determines valuations of economic activity company by company. The valuation is considerably arbitrary, based on the determinations of the arbiters (investors). This is empirically true.

However, that said, how would the multinational underwriters, the multinational financial systems, reset all transactional tables (the bookkeeping systems underneath the valuation) …if the U.S. stock market was every forced to re-value economic nationalism over multinational globalism?    Enter “Coronavirus”.

Four years ago CTH first explained a new way to look at the U.S. economic system and how Main Street was/is disconnected from Wall Street.  We presented a metaphor to explain. Before going deeper into the discussion of tomorrow; and at the request of several people who now accept the era of “deglobalization” is upon us,  I first present that prior reference & then will use this as the baseline to describe what could come next.

There is a key phrase at the fulcrum of everything past:

…there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street).

What we are going to outline in part II is the possibility what happens when this natural truism is reversed.  The objective is to answer: How, specifically would Wall Street reset its evaluative systems if Main Street once again emerged as the priority?

But first, a baseline revisit is needed.

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Let me say up front, there’s something very sketchy about the wordy explanations provided by National Institute of Allergy and Infections Diseases (NIAID) Director Dr. Anthony Fauci.  Listen/watch or read what he says below.

Encapsulating Dr. Fauci’s position:  Data on the coronavirus assembled today doesn’t reflect what is actually taking place today, but rather reflects where we were several days ago…. OK, that part makes sense (there’s a lag).

He then goes on to say what is actually happening today will not be included in data until we arrive at a place a few days from now when today’s reality is quantified.  Again, that reasonably makes sense…  However….

The media is/are reporting on coronavirus impacts in real time.  There is no delay in what the media are reporting from various places around the nation.  The media reporting reflects what is taking place today; right now… and what the media is reporting today is not worse than the data Fauci is explaining.

Meaning if Dr. Fauci was correct, and if the coronavirus data (the reports of spread) was behind by several days from the reality of today; then what the media would be reporting (the on the ground reality of the spread today) would be significantly worse (higher incidents) than Fauci’s data, which he claims is lagging several days behind….

The problem with that supposition – The media ground reports do not reflect a higher incidence of coronavirus spread than Fauci’s data today.

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