President Trump: The NEW one and only politics thread

No coronavirus and lookin' great

 

assistant pro at 9-hole muni attends teen stepdaughter's promise keepers dance

 

Is it any coincidence that shitty people wear shitty-looking caps whose style is three decades old?
I think not.

I wear a cap all the time. I prefer unstructured, lower profile caps.
My 80-year-old dad won't wear one like that for anything. The front of it has to look like a billboard.
Thankfully, he doesn't have a MAGA one.
Someone left a red MAGA cap on a bench a school a while back. I threw it in the trash.

 

I just got this as part of a group text. Think I'll ignore it for everyone's sake.

Good news of the day is Trump tested negative for corona. Bad news is the liberal media, which is 90 percent, won’t even report it. And if they do, they’ll say he’s grandstanding.

@BTExpress knows the guy who sent it to me.

 

It could happen here

 

Trump just got an idea about what to do with his CDC director.

 

Trump keeping his day of prayer on point. Yet, his followers are complaining about being political about Coronavirus.

 

America first only.

 

NBC/WSJ poll says 45% of Americans approve of Trump's handling of the coronavirus crisis and 51% oppose. In other words, pretty much the same numbers as his overall approval with the same partisan divides. If this thing doesn't get people to climb off their partisan perches, nothing will. Nothing can stop him. The country is screwed. Not just because he refused to take this thing seriously out of fear it would hurt him. Because he'll be in power for a second (entirely untethered, entirely unaccountable) term.

 

A majority of people think he has handled this poorly; therefore he is unstoppable and will be re-elected.

OK.

 

This failure is so clear that the margins should be in massive opposition. Yet the numbers are almost identical to his overall approval rating. We have seen what happens when he loses the popular vote. He and his klan win anyway.
I hope you're right and I'm wrong.

 

Outing alert? @The Big Ragu writes for the Financial Times?

Will the coronavirus trigger a corporate debt crisis?

Companies have gorged on cheap debt for a decade, sending the global outstanding stock of nonfinancial corporate bonds to an all-time high of $13.5 trillion by the end of last year, according to the Organization for Economic Co-operation and Development, or double where it stood in December 2008 in real terms.



Borrowing costs had tumbled after central banks lowered interest rates to jolt their economies following the 2008 financial crisis. Investors, starved of yield from safer government bonds, saw lending to riskier companies as a way to juice returns.

“There’s a large universe of middle-market companies that on the back of an 11- to 12-year credit cycle have continually been able to borrow and reborrow from one lender to another,” observes Mohsin Meghji of M-III Partners, a turnaround veteran who has restructured companies from Sears to Sanchez Energy. “These companies have been limping along by virtue of rates having been very low. They haven’t really deleveraged.”

Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, estimates that 1 in 6 U.S. companies does not have enough cash flow to cover interest payments on its debt. Such “zombie” borrowers could keep putting off the crunch as long as debt markets kept letting them refinance.

But now a reckoning is coming.