Lucas Daniel Smith's blog

Our work (@Alex_Washburne and I) on COVID-19 has been featured in @TheEconomist. I am extremely impressed by @DanRosenheck who wrote the piece.

Key points: We find strong evidence that COVID-19 is widespread (>28 million) in the US but don't panic. https://t.co/sk8FSUhakD

— Justin Silverman (@inschool4life) April 8, 2020

They ALL worked UNDER OBAMA‼️

✔️INVESTIGATE OBAMA✔️ https://t.co/0beoWTpShZ

— Earl Shay (@EarlShayOFAGa) April 14, 2020

CNN Basically Published A Press Release From The Chinese Military. https://t.co/bXXf8kreFi

— Daily Caller (@DailyCaller) April 14, 2020

😁👌 pic.twitter.com/ETIvDEgHpd

— ryan greaves 🇬🇧 (@ryangreaavees) April 14, 2020

Covid-19 is particularly severe in — and more likely to kill — the elderly and people with existing illnesses, including heart disease. Some people taken by Covid-19 would likely have died from these diseases even in the five-month time frame. https://t.co/7yQ05teZ0v

— Was Obama Born In Kenya (@bsteadman) April 13, 2020

ZeroHedge, by Tyler Durden — April 13, 2020

Excerpt:

Earlier this week when we reported that JPMorgan has quietly halted all non-Paycheck Protection Program based loan issuance for the foreseeable future, we said that we didn’t buy the stated reason namely – the bank was drowning in (government-backstopped) applications and would be willing to forego millions in easy, recurring net interest income, and said that the real reason why JPMorgan would “temporarily suspend” all non-government backstopped loans such as PPP, is because the bank expects a default tsunami to hit, coupled with a full-blown depression that wipes out the value of assets pledged to collateralize the loans. We went on:

Furthermore, why issue loans that will default in months if not weeks, just as bankruptcy courts fill up with millions of cases (assuming the coronavirus clears out by then, as the alternative is simply unthinkable – a default tsunami without any functioning Chapter 11 or Chapter 7 process) when JPM can simply stick to the 100% risk-free issuance of government-guaranteed small-business loans which pay a handsome 1% interest, especially if it makes JPM look patriotic by doing its duty to bail out America.

Over the weekend our skepticism was confirmed when Reuters reported that JPMorgan, the country’s largest lender by assets and which will kick off earnings season tomorrow, will raise borrowing standards this week for most new home loans as the bank “moves to mitigate lending risk stemming from the novel coronavirus disruption.”

Starting Tuesday, customers applying for a new mortgage will need a credit score of at least 700, and will be required to make a down payment equal to 20% of the home’s value (something which we thought was the norm after the last financial crisis, but apparently lending conditions had eased quite a bit in the past decade).

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View the complete article including links and comments at:

https://www.zerohedge.com/economics/jpmorgan-scrambles-raise-mortgage-borrowing-standards-ahead-biggest-wave-defaults-history

Trump Retweets Call To Fire Dr. Anthony Fauci After CNN Interview https://t.co/PZXfHT14vV

— Daily Caller (@DailyCaller) April 13, 2020

CDC Director Dr. Robert Redfield shined some hope on the ongoing fight against the coronavirus pandemic and said the US is “nearing the peak” in coronavirus cases. He added the numbers are “stabilizing across the country.” https://t.co/197yz9v8Sq

— Breitbart News (@BreitbartNews) April 13, 2020

Liberals are perfectly ok with the Bill Gates' Implantable Digital ID Vaccination System and not with the Voter ID? Uh! pic.twitter.com/nmuxuxgtIf

— JL🔝 M A G A (@Soproncopo007) April 12, 2020

NEW #BenGarrisonCartoon #BIGBrotherBILL #OBEYMEorDIE The Covid-19 virus may be real and dangerous, it’s being way over-hyped & over-blown by the medical tyrants and the mass media, who drum a daily beat of fear into the heads of citizens. Read the rest at https://t.co/wtutFteSVM pic.twitter.com/TI0VBUgCI0

— GrrrGraphics Cartoons (@GrrrGraphics) April 13, 2020