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News | Anorak - Part 5

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RyanAir sent this greedy email to customers who asked for a refund for flights cancelled over Covid-19

RyanAir have found a new way to make life harder for the poor sods who pay the airline money. If your flight was cancelled due to Covid-19, you were offered a full refund. Just go the RyanAir website, punch in your details and the refund would be yours. Or not. Because RyanAir has ignored its own refund option and instead issued vouchers. Here’s their mealy-mouthed email in full. Bear in mind they have your money in their bank account and did not deliver the goods or services you paid for. In short: you RyanAir customers have all become investors in RyanAir.

Ryanair Group Customer Care (Ryanair DAC, Lauda & Malta Air)

Our Ref: ********

Dear Customer,

Over the past months the spread of the Covid-19 virus has caused many EU governments to impose flight and/or travel bans which grounded over 99% of Ryanair’s flights. We are doing everything we can to support our customers, our people and protect jobs. We are ready to return flying when Covid-19 is defeated, hopefully sooner rather than later.

We regret that these Government travel restrictions have forced the cancellation of your Ryanair flight(s) under booking reference:: *******.

Please see below details of your travel voucher for ****.**GBP, the full value of your unused booking. This amount can be used for the purchase of Ryanair flights and other services at any time over the next 12 months. It is simple to use this voucher when making a booking on the Ryanair website or app.

Click on the below link to accept your voucher.

Voucher Name:   ***** ********
Voucher Number:   ****************
Voucher Value:   ****.**GBP
Voucher Expiry Date:   20/April/2021
If you do not wish to accept this voucher option and wish to move your flight or request a refund, please click here to contact us. Please note that as our customer care agents are required to work from home to limit the spread of COVID-19 virus, payment security restrictions prevent us from processing refunds as quickly as we would like to.

We invite you to use your voucher to book your next trip and we look forward to seeing you again on a Ryanair flight in the near future. Passengers who made their bookings using travel agents, or on line travel agencies should contact these companies from where they purchased their tickets to find out more about their options.

Our priority always remains the health and well-being of our people and customers.

Yours sincerely,

Ryanair Group Customer Care (Ryanair DAC, Lauda & Malta Air)

You click the link NOT to accept their voucher and you get:

RyanAir voucher Covid-19

But I don’t want to use my voucher, you say. I want my money.

You scroll down the page looking for the bit about getting your refund.

RyanAir voucher Covid-19
RyanAir voucher Covid-19
RyanAir voucher Covid-19

And at the bottom of the page, finally you get news on the refund:

RyanAir voucher Covid-19

Can I receive a cash refund instead of voucher?

You can request a cash refund however bear in mind we will place your request in the cash refund queue until the COVID-19 emergency has passed. We highly recommend using the refund voucher as these are readily available and you can book flights on all Ryanair Group airlines in over 200 destinations in Europe and the Middle East.

But you already did request the refund.

A typical email from RyanAir from March 2020. You applied for the refund but didn’t get a refund. Instead you got offered a voucher with a 12 months expiration date.

But RyanAir says you still need to do it but now doesn’t tell you how to. But if you DM them on twitter of message them on Facebook you can at least log your details and ask for a refund.

RyanAir – finding news ways to make your life more difficult.

Posted: 21st, April 2020 | In: News | Comment


The contents of a UK Government coronavirus care package

The contents of a UK Government coronavirus care package

If they think you need it, the UK government send you a care package to keep you eating in the coronavirus crisis. The contents are:

1 loaf of white sliced bread

1 bag of apples

1 bag of small oranges

1 bag of potatoes

2 cartons of long life milk

1 roll of toilet tissue

2 tins of cooked peas

1 tin of hotdogs

3 tins of tomato soup

1 can of tuna

1 packet of porridge oats

1 tin of peaches

1 pouch of teabags

1 bag dried pasta

1 tin of chopped tomatoes

1 packet of digestive biscuits

2 tins of backed beans

1 pouch of dried coffee

2 jars of pasta sauce

1 vial of shampoo

1 bar of soap

Posted: 20th, April 2020 | In: News, The Consumer | Comment


Tabloid readers flock to buy Vogue for news of Harry and Meghan as former royals ban the Sun, Express, Mirror and Mail from doing their PR

prince harry meghan
Harry and Meghan – live cam

Prince Harry and Meghan Markle will no longer “offer themselves up as currency for an economy of clickbait and distortion”. The couple, now living in LA and functioning as the ambulatory Archewell brand, tell four of the main British tabloids, The Sun, Daily Mail, Daily Express and Daily Mirror, they are above such things. They are beginning “a new media relations policy”. They tell the media:

“It is gravely concerning that an influential slice of the media, over many years, has sought to insulate themselves from taking accountability for what they say or print – even when they know it to be distorted, false, or invasive beyond reason. When power is enjoyed without responsibility, the trust we all place in this much-needed industry is degraded.”

From now on the tabloids will have to rely on gossip, paparazzi photos and ‘sources’ close to the couple for news. Yeah. Plus ca change. Harry and Meghan will bar the media they don’t like from receiving official updates and photographs. The four newspapers of the apocalypse will not receive the couples press releases telling of their unique inspiring love and where you can buy their news range of scented candles. The papers will have to wait for other approved organs to publish the PR before splashing the statements across their web pages. The papers will also be banned from attending official Archewell events.

Tabloid readers will be distraught at the news and flock to buy Vogue and therein read of the couple’s wonderful lives and where to get their merchandise.

Posted: 20th, April 2020 | In: Key Posts, News, Royal Family, Tabloids | Comment


The NHS advert for staying at home during coronavirus crisis features a headless woman trapped beneath two laughing women and a dog

The NHS advert tells us to Stay At Home. Yeah, you can go out to exercise for an hour a day. And you can go shopping. And if you’re in the police force you can stand on a bridge and clap. But STAY AT HOME! One tip to prevent any urges to leave the home is to trap yourself beneath two fiends and a dog.

File under: it’s amazing what you can find down the back of a sofa.

Posted: 19th, April 2020 | In: Key Posts, News, Strange But True | Comment


Everything explained in one huge conspiracy theory graphic

Everything explained in one huge conspiracy theory graphic

The conspiracy theory about the conspiracy theories has been pulled together in one graphic. Of course, what you can’t see is the real evidence just just off the page to the right. And it will blow your mind!

Posted: 19th, April 2020 | In: Key Posts, News, Strange But True | Comment


Coronavirus coppers filmed harassing and threatening journalist in Finsbury Park

police london

We don’t know why the police were talking to a woman and her dog in Finsbury Park, North London. But one journalist who tried to find out was harassed and threatened with a fine by the coronavirus coppers. The best part might be when one copper asks Michael Segalov for his “credentials”. It’s journalism and free speech, officer, you don’t need any:

Posted: 18th, April 2020 | In: Key Posts, News | Comment


The Communist Party of China is lying about coronavirus but the Left only cares about Boris Johnson

china coronavirus lies

All those graphs showing the death rates by country for Coronavirus Covid-19 are bunkum. In Belgium, any deaths thought to be from the virus are counted as deaths from the virus. In Germany dying with the virus is not counted if you did not die from the virus. And in the UK only deaths of people who tested positive are counted. In China they just make it up.

A local government taskforce in Wuhan charged with virus prevention added 1,290 fatalities to the city’s toll, taking the confirmed count to 3,869 from a previously reported 2,579. Wuhan, a city of 11 million people, suffered more fatalities than any other city in China as residents struggled get help from its overwhelmed medical system.

Hold your nose, this stinks:

“Medical workers at some facilities might have been preoccupied with saving lives and there existed delayed reporting, underreporting or misreporting, but there has never been any cover-up and we do not allow cover-ups,” said China’s foreign ministry spokesperson Zhao Lijian at a news briefing in Beijing.

And anyone who says there’s been a cover up will not say it twice.

A second Chinese citizen journalist who had been covering China’s deadly coronavirus outbreak from its epicenter in Wuhan has gone missing just days after the disappearance of Chen Qiushi, a former rights lawyer who was video blogging from the city.

Fang Bin, a Wuhan businessman who had been posting videos filmed from city hospitals, was allegedly arrested on Sunday (Feb. 9, link in Chinese), according to Hong Kong broadcaster RTHK, the same day he posted a 12-second video of a piece of paper with the words “resist all citizens, hand the power of the government back to the people” written on it, which he read aloud. RTHK, which didn’t name its source, said that plain-clothes police officers accompanied by fire fighters broke down Fang’s door to enter his flat.

Meanwhile in the UK, the agenda-driven media is looking at the wrong story and its Gotcha! moment:

Previously: When China Wiped Out the Common Sparrow And Slit Its Own Throat (1958)

Posted: 18th, April 2020 | In: News | Comment


Sign in Bronx booze shop tells customers the 7 Coronavirus rules

coronavirus the bronx

In The Bronx, New York City, a sign in the booze store winder lays out the 7 rules of coronavirus for all shoppers.

Posted: 15th, April 2020 | In: News, Strange But True | Comment


10 Questions for journalists to ask Government about Coronavirus

Journalism matters. It’s not all talking truth to power and showing us things other people would rather we didn’t know. Sometimes it involves talking about the latest shoes, if Meghan Markle takes one or two bottles into the shower and pandering to your audience’s prejudices. The clip above was a Channel 4 News anchor not asking a question to shed light on the Government’s handling of the coronavirus crisis, but simply demanding something. The anchor’s grandstanding serves only his needs, which are: look important; display your sense of entitlement; show your Labour voting audience how right they are to dislike a Tory Government; and give it up for the narcissists. Robbie Gibb has heard enough of this self-aggrandizing point scoring. Journalists with access are letting us down:

coronavirus 10 questions to ask journalists
coronavirus 10 questions to ask journalists

Gotcha!

Posted: 15th, April 2020 | In: Key Posts, News, Politicians | Comment


Millions of gallons of stale beer are being poured down the drain

beer storage
Beer storage facility

Why not let pubs give way their beer or sell it as part of a take-away service? Bitter (three weeks) and lager (six weeks) goes off when it’s stored in kegs. Pubs were ordered to shut on March 20. Most pubs do not possess an “off” licence allowing them to serve customers who want to drink elsewhere. The industry is calling for a relaxation in licensing laws to allow more breweries to sell beer direct to the consumer, giving them vital cashflow. But right now the stuff is just going off in beer cellars.

The Government has helped in regards to ullage. The FT:

HMRC, the tax authority, last week relaxed rules around beer disposal so that breweries can claim back excise duty on the defunct brew, known as ullage, without having a representative of the brewery present while it is dumped — one obstacle to emptying out the beer during lockdown.

Beer stale coronavirus

Pubs are struggling. And the talk is of there being no beer in the pubs when we escape lockdown. Collecting and emptying full casks of beer from cellars is hard work. Unsaleable beer can be poured it down the drain. What a waste.

But as pubs suffer, others are doing well from the crisis:

Growth in sales of alcoholic drinks outstripped that of food purchases, even as customers stockpiled goods such as pasta or rice in preparation for having to self-isolate.

Online retailer Naked Wines said that more people were also ordering drinks for delivery. On Thursday, the company said that it now expected sales in 2020 to top existing forecasts, exceeding £200m.

Talk to me. baby:

Keris De Villiers, landlady of the Ram Inn, the Old Sergeant and the Pig and Whistle in Wandsworth, south-west London, says barrelled beer worth about £10,000 could go off in her cellars – while 1,000 litres (1,760 pints) more beer remains in vats at the SlyBeast microbrewery she and husband Lee have recently set up.

“We could do takeaways,” she says, “but that would mean selling beer on the corner of a very small pavement. That wouldn’t be socially responsible, with the need for people to keep their distance from one another. The whole situation is heart-breaking.

“Our brewer literally talks to his tanks when he’s at work every day. People really care about the beer they’re making. It’s a craft and people are passionate about it.”

Or:

Posted: 14th, April 2020 | In: News | Comment


Nick Timothy on economics and coronavirus – Theresa May never stood a chance

Theresa May’s former staffer Nick Timothy is writing about the coronavirus and China. He served as Joint Downing Street Chief of Staff, alongside Fiona Hill, to Prime Minister May, until they made a hash of the 2017 general election and he resigned. Remember the Windrush scandal, the hostile environment and how the Tories spaffed a parliamentary majority up the wall leading to stasis in the chamber, Jeremy Corbyn stinking the place up for a further three years and Nigel Farage getting a drive-time LBC radio show? Well, Timothy CBE has followed all that by scoring jobs as a Daily Telegraph columnist (how’s that going?), a member of the organising committee of the 2022 Commonwealth Games (look out for the new discipline of running through fields of wheat) and telling readers on Unherd that it’s time for a “reckoning” with China. It has “abused the openness of other economies to undercut rival businesses and blackmail governments”.

Since when is undercutting rivals bad for capitalism? If we can get the same goods for less, we get to be richer. Nick, mate…? The Tory then says how we can untangle ourselves from China, specifically over the coronavirus:

The coronavirus crisis is showing us not only that over-dependence on countries like China is dangerous, but that we need to keep certain industrial capabilities closer to home. British researchers are playing their part in the global effort to find a coronavirus vaccine, for example, but Britain has precious little capacity to manufacture vaccines at scale.

If and when a vaccine is discovered, experts have warned that we will need to wait in the queue to get it. Similarly, one of the reasons Germany is so far ahead of Britain in its testing strategy is, ministers explain, that the Germans have Roche, one of the world’s biggest diagnostic companies. Britain’s smaller diagnostics firms are dependent on Germany and the United States for their supplies.

Roche? The world’s number 1 in biotech based in… Switzerland. Germany does not have Roche, Nick. Switzerland does.

Posted: 14th, April 2020 | In: News, Politicians | Comment


Spurs relinquish title of world’s greediest football club

Tottenham will not be milking the State, taking advantage of the government’s furlough scheme for some non-playing staff during the coronavirus crisis. Following Liverpool’s belated relation that a corporation, sorry, football club, owned by a billionaire that makes millions in profits should not be seen to be so greedy, Spurs have seen the light. Says the Spurs chairman (pay: £7m a year):

“We regret any concern caused during an anxious time and hope the work our supporters will see us doing in the coming weeks, as our stadium takes on a whole new purpose, will make them proud of their club.”

More marketing guff dressed up as sport every day….

As for what the new Spurs stadium will be without football, how about a toilet paper silo?

Posted: 13th, April 2020 | In: Money, News, Sports, Spurs | Comment


Prince William says Britain is ‘best’ in a crisis and coronavirus is media hype

Prince William coronavirus
Smile and wave, just smile and wave

Prince William says Britain is “at its best” when people are suffering. How he knows this is moot. “I think Britain is at its best, weirdly, when we’re in a crisis,” says Wills. “We all pull together and that community spirit and that community feel comes rushing back quicker than anything else.” A week earlier, Wills, who belongs to the very rich landed community, was at a reception at Guinness Storehouse. He told a medic: “Does it seem quite dramatic about coronavirus at the moment? Is it being a little bit hyped up, do you think, in the media?”

It’s he kind of bone-headed comment that gets people’s backs up.

Smile and wave, Will, stick to the smile and wave…

Posted: 13th, April 2020 | In: Key Posts, News, Royal Family | Comment


No-one is crossing Abbey Road – live cam

Abbey Road cam

The Coronavirus is keeping traffic flowing on Abbey Road, London. The EarthCam, affiliated to Abbey Road Studios, delivers a live view of the zebra crossing at Abbey Road, the one the Beatles strolled over in 1969.

You can keep abreast of nothing happening here in St. John’s Wood here.

Posted: 13th, April 2020 | In: News | Comment


Ross Kemp saves the nation by pulling on PPE and strolling through an intensive care ward treating coronavirus patients

By now you’ll be wondering what Grant Mitchell, aka Ross Kemp, is up to? Have pretended to be a soldier on EastEnders, the BBC’s fly-on-the-wall documentary on London life, fearless, selfless Ross Kemp now goes to war against the coronavirus in Milton Keynes.

Ross Kemp is real. No-one bothered to make him up.

Posted: 12th, April 2020 | In: Celebrities, News | Comment


The Government Coronavirus advice vs Cards Against Humanity

coronavirus

Lots of us got the Government’s letter telling us to stay indoors for at least 12 weeks and protect the NHS. Amy Allen had updated the missive with a a few rounds of Cards Against Humanity, “a party game for horrible people”. The game simple: “Each round, one player asks a question from a black card, and everyone else answers with their funniest white card.”

Cards Against Humanity coronavirus
Cards Against Humanity coronavirus
Cards Against Humanity coronavirus
Cards Against Humanity coronavirus

Spotter: Amy Allen

Posted: 12th, April 2020 | In: Key Posts, News, The Consumer | Comment


Cambridge police patrol the aisles at Tesco supermarket

Cambridge police coronavirus

A tweet from the Cambridge police force aka twitter’s ‘Cambridge Cops’: “Officers visited Tesco Barhill this morning as part of their patrols around supermarkets and green spaces this weekend. Good to see everyone was abiding by social distancing measures and the non essential aisles were empty. #1732”

File under: essential policing.

Update: the Cambridge Cops have deleted their tweet.

Posted: 10th, April 2020 | In: News, Strange But True | Comment


Forget Coronavirus and let’s all hate Robert Jenrick

Robert Jenrick

Meet Robert Jenrick. He’s one of those Tory ministers from central casting. He is (checks facts) the Communities Secretary. Jenrick’s on the front pages of the Mail, Guardian and Telegraph because he allegedly twice broke government restrictions to help to stop the spread of coronavirus. The papers says Jenrick broke the rules on only moving for essential reasons by motoring from London to a second home in Herefordshire. He then made a trip to see his mum and dad 40 miles away in Shrophire. This we know because someone apparently saw him and grassed him up to the Guardian. Jenrick says he did nothing wrong. He tweets:

For clarity – my parents asked me to deliver some essentials – including medicines. They are both self-isolating due to age and my father’s medical condition and I respected social distancing rules.

https://twitter.com/RobertJenrick?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Having helped the aged, he also helped the young. The Mail says that his country pad is his “family home”; his family travelled there “before any restrictions on travel were announced”; and: “I have been working in London on ministerial duties, putting in place the system to shield the group most vulnerable to coronavirus and organising the response at a local level. Once I was able to work from home it was right that I went home to do so and be with my wife and also help care for my three young children.”

The Guardian says Jenrick’s second home is worth £1.2m, which depending on your agenda either inspires envy (rich basta…) or understanding (why have such a lovely home if you can’t live in it?) The paper also finds room to quote former Tory minister Anna Soubry, who says Jenrick is guilty of “selfish arrogance”, which might be tautological, and Steve Reed, Labour’s new communities spokesman, who says Jenrick should think about resigning.

But hold on. The Mail says his London home is worth £2.5m. So it might be around twice as good as the country home. Or not. The Mail adds: “Mr Jenrick insisted Eye Manor in Herefordshire, built by an 18th century slave trader, is seen as the family home, rather than their house in Westminster, despite needing to be there most of the week for his work.” And: “Mr Jenrick, who has a £2,000-a-month taxpayer funded third home in his Newark constituency, said last night he considers the Herefordshire property to be the family home.” In 2014, the Mail claimed Jenrick also owned a second London property worth £2m.

Maybe Jenrick just became confused about his properties? But no. His statement is clear. He is innocent. And who are we to disprove it. We live in straightened times when there are calls for an MP to lose his job because he’s a loyal family man. Can’t at least one of them house a brothel or a secret family?

Posted: 10th, April 2020 | In: News, Politicians | Comment


RIP the great American artist Mort Drucker

Mort Drucker

Like many of you, I grew up reading MAD magazine and enjoying the famed getting lampooned. Mort Drucker drew much of the magazine’s best artwork. He died this week aged 91. Why did he draw? Because he had to. As he put it: “My mother told me that when the doctor was delivering me I did a caricature of him on my way out.”

Posted: 10th, April 2020 | In: News, The Consumer | Comment


Northants police : we will check your shopping trolley – just not yet

Northants police : we will check your shopping trolley - just not yet

Northants Police go on the record: “To clarify some suggestions made in the media, we absolutely will NOT be searching people’s shopping trolleys – at this stage.”

Not “at this stage”. But when they do, we won’t be under any illusion that they will set up road blocks, martial our supermarkets and check the items in baskets and trollies.

First they came for my Pringles…

Posted: 9th, April 2020 | In: News | Comment


Coronavirus: Mrs Michael Gove checks Boris Johnson’s prostate in the Mail

Writing in the Daily Mail, Mrs Michael Gove, aka Sarah Vine, looks at the health of Boris Johnson and other leading politicians. The Prime Minister is very unwell with the coronavirus Covid-19. We wish him a speedy and full recovery. Says Vine:

Boris Johnson
Sarah Vine

Adding: “…there is something about Boris’s predicament and that of his family that brings us, as a nation of strangers, closer together. Boris is us, and we are Boris.”

Michael Gove is a British MP who has been Chancellor of the Duchy of Lancaster since July 2019 and Minister for the Cabinet Office since February 2020.

Spotter: @brokenbottleboy

Posted: 9th, April 2020 | In: News, Politicians, Tabloids | Comment


Jewish Chronicle newspaper goes bust

Jewish Chronicle newspaper goes bust

The Jewish Chronicle, aka The JC, is seeking a creditors voluntary liquidation of Jewish Chronicle Newspapers Ltd. The oldest continuously published Jewish newspaper in the world has gone bust. It was once part of every British Jew’s life, an integral part of things that Jews did.

The paper says (on its website, natch.):

Despite the heroic efforts of the editorial and production team at the newspaper, it has become clear that the Jewish Chronicle will not be able to survive the impact of the current coronavirus epidemic in its current form.

The liquidation is expected to be finalised in the coming 2 to 3 weeks and every effort will be made to ensure that the paper continues to be published over this period and the website continues to provide regular updates.

The Kessler Foundation, owners of the Jewish Chronicle, are actively working to secure a future for the Jewish Chronicle after the liquidation. Further announcements regarding this will be made in the coming days.

One problem for the JC is that you can get the Israel news anywhere on the web. And thumbnail pics of so-and-so’s Bar Mitzvah now live on an Instagram Page. And why pay for something you can get for free on the web? Where’s the added value?

Posted: 8th, April 2020 | In: News | Comment


Manchester United plan to use coronavirus to get players on the cheap

Ole Gunnar Solskjaer  coronavirus

Ole Gunnar Solskjaer seems like a decent bloke. But today the Mail tells us that the Manchester United manager has promised to behave with all the morals of, well, Spurs. “Ole Gunnar Solskjaer warns rivals that Manchester United will ‘exploit’ the coronavirus mayhem to poach top stars when football returns, with Jadon Sancho and Jack Grealish firmly in his sights,” says the Mail. In times of crisis the richest clean up. The story beings:

Ole Gunnar Solskjaer is confident Manchester United can ‘exploit’ the mayhem caused by coronavirus to secure their summer transfer targets. The United manager believes some clubs need to offload players after taking a financial hit during the crisis and it could work in their favour.

Here’s what he told Sky Sports (which might like to refund their customers a few quid owing to the lack of football):

“Football is going to get back to normality at one point, and it’s very important we’re ready when that happens. We want to be the best at everything, and of course now is a chance to spend more time, you discuss players, discuss plans, we’ve evaluated what we need, of course with the coaching staff we’ve looked at games, evaluated games, discussing on video calls like this.” Asked whether United can exploit the market when football returns, Solskjaer said: “Then, the market, who knows how the market is going to react to this? Who knows which clubs need to sell players? There might be just a situation there where you can exploit, and I know that we at Man United, we are one of the biggest, and financially well off. I’m sure we are capable, when we get back to normality, that we can do the business that we want to.”

Charming. So much for the ‘football family’. Manchester United is just another big business driven by greed.

Posted: 8th, April 2020 | In: manchester united, News, Sports | Comment


Bonds and demand: Guardian get it wrong

In a story on the global bond market’s response to coronavirus, the Guardian tells its readers: “The global bond markets, which handle hundreds of billions of trades every day, are where governments and companies go to borrow funds from investors.” There are not hundreds of billions of trades in bonds every day. The hundreds of billions is the value of the bonds being traded not the number of trades.

We’re then told:

At the outset of the Covid-19 outbreak, bond markets froze as investors panic bought highly rated government bonds and the number of sellers shrank.

The US Federal Reserve, the Bank of England, the Bank of Japan and the European Central bank, which oversee the largest debt markets, stepped in to expand the number of bonds on offer and promised to meet demand while the crisis continued.

Demand has been supported by the Bank of England’s pledge to “create” £200bn of electronic funds to purchase more bonds as part of its quantitative easing programme, adding to the £435bn of assets on its balance sheet.

That’s not supporting demand. That’s meeting demand by enlarging supply.

As for the US, Bnaron’s notes:

“We have no idea how long this will be,” said Yousef Abbasi, global market strategist for U.S. institutional equities at INTL FCStone said. “Right now, fundamentals don’t matter because there is very little clarity as to when the economy can restart — and depending on how long this goes — what the economy will look like when it does restart.”

These uncertainties aside, there are several indicators that bolster the case that a recovery for the stock market may have begun, said Michael Arone, chief investment strategist at State Street Global Advisors.

“The severe indiscriminate selling we saw prior to last week has abated,” he said, noting that through last Monday, nearly every asset class, including gold, U.S. Treasury bonds and stocks were being sold off. “It was that classic capitulation move to cash,” whereas in more recent sessions, bonds have rallied when stocks retreated and vice-versa, typical of normal behavior in financial markets.

Cash is king.

Posted: 8th, April 2020 | In: Money, News | Comment


John Prine sings Sam Stone

John Prine sings Sam Stone

Chicago folk musician John Prine (10 October 1946 – 7 April 2020) recorded Sam Stone “to say something about our soldiers who’d go over to Vietnam, killing people and not knowing why you were there”. He told Rolling Stone in 2018: “And then a lot of soldiers came home and got hooked on drugs and never could get off of it. I was just trying to think of something as hopeless as that. My mind went right to ‘Jesus Christ died for nothin’, I suppose.’ I said, ‘That’s pretty hopeless.’” Sam Stone was voted the 8th saddest song of all time in a Rolling Stone readers’ poll. It’s beautiful:

Posted: 8th, April 2020 | In: Music, News | Comment