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  1. Um, no. The quote was that they: Their point is the only reason these companies still have their doors open is because the Federal Reserve is purchasing their corporate bonds and loaning them money at historically low interest rates, in addition that many received part of the trillions in "loans" that they don't have to repay. They are already dead, but still walking. Hence, the zombie label. I could make a national chain of skunkburger restaurants work if the Fed would buy all my corporate bonds I wanted to sell them and they would loan me all the money
  2. Struggling Retailers Rack Up $52 Billion in Missed Rent BLOOMBERG
  3. According to Bloomberg: That's up from 335 pre-pandemic.
  4. Surge in Zombie Companies Weighs on U.S. Economy They were once America's corporate titans. Beloved household names. Case studies in success. But now, they're increasingly looking like something else - zombies. And their numbers are swelling. From Boeing Co., Carnival Corp. and Delta Air Lines Inc. to Exxon Mobil Corp. and Macy’s Inc., many of the nation's most iconic companies aren't earning enough to cover their interest expenses (a key criterion, as most market experts define it, for zombie status). Zombie companies get their nickname because of t
  5. You can have your silly unsubstantiated argument with NBC News correspondent Richard Engel and his in-person video evidence.
  6. Interesting. NBC News correspondent Richard Engel and his camera crew visited the high-level Chinese lab (which some claimed did not exist) that mapped the genome of the Covid-19 virus, showing the highly sophisticated facilities that he states "cracked the code" and subsequently published the entire 30,000 character genome, which all current and any future vaccines will be derived from. There is no print or separate video clip, but Engel's segment, titled "The Birth of a Vaccine", can be viewed starting right before the 14 min mark during Thursday's NBC Nightly News:
  7. 'Run-It-Hot' Wins Argument Over 'Skills Gap' BLOOMBERG
  8. 1) Except they DIDN'T. 2) You're also incorrect. Not all Western labs have the facilities and/or abilities to engage in the complex and sophisticated mapping of the genome. Sorry, your chronology is WAY off. No cigar.
  9. Eh, WHERE did I reference Pfizer? I wasn't referring to any specific vaccine. The report in the news referenced Covid-19 immunity in general and a study indicating immunity may only last about three months, hence the rising number of people being reinfected, recently involving the first death. They still don't know whether it's a case of losing immunity and being infected again, or the virus simply being suppressed but still hiding in the nerve ganglia, not unlike HIV under the drug cocktail, then as immunity fades, it comes roaring back. Unfortunately, Covid-19 seems to share more
  10. I think they've presented a reasonable timeline of continued declines: given that there will not likely be a widespread availability of a vaccine until late 2nd QTR or early 3rd QTR. The only potential hitch is the recent medical report finding immunity may only last about 3 months, which would require four injections a year (eight with the vaccines requiring two doses).
  11. Mortgage Rates Hit Another Record Low CNN
  12. Has the makings of a bumper sticker, but does not comport with actual consumer activity. There's a good reason that employment/unemployment is not only a lagging indicator, but the 'laggiest' of the major lagging indicators. Not to mention it's driven far more by the clueless business community, rather than consumers.
  13. Of course not, BUT consumer spending is 72% of the national economy.
  14. Nope. 1) From the linked article: That's almost a 25% retreat. 2) But I was actually referencing this:
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