Twitter | Search | |
John P. Hussman
Philanthropist, economist, researcher. Finance, public policy, neuroscience, autism, genetics, & a 6-string. Realistic optimist often viewed as prophet of doom.
8,557
Tweets
599
Following
50,471
Followers
Tweets
John P. Hussman 11h
Nicely done this morning - good points all around :)
Reply Retweet Like
John P. Hussman Sep 23
RBD binds ACE2, but I doubt the cause of the rest. In my view, cytokine drivers appear to be Type2 alveolar cells and activated inflammatory leukocytes (Tasmanian devils) that degrade vascular endothelia and extravasate to alveoli. Hyaline membranes are common in DAD. PMC7321048
Reply Retweet Like
John P. Hussman Sep 23
Replying to @JInterlandi
... and tho I'm sure you don't intend to get into immune enhancement, keep in the back of your mind the risk of rushing out a vaccine without ensuring at-risk individuals (esp elderly) don't mount afucosylated IgG - and having a plan for those who do. 😬
Reply Retweet Like
John P. Hussman Sep 23
Replying to @JInterlandi
... oh, and can we clarify that "herd mentality" means that Rt drops below 1.0, not to zero (meaning that each new case transmits to less than 1 additional person, but not that infection stops)? Excruciating. Thx for everything you do!
Reply Retweet Like
John P. Hussman Sep 23
Replying to @JInterlandi
... in case this is useful as background material
Reply Retweet Like
John P. Hussman Sep 22
Oh man. I want to be Joey Molland when I grow up. Guitarist and last surviving member of Badfinger. 73 years old and just released this power pop single. That's awesome.
Reply Retweet Like
John P. Hussman Sep 21
Replying to @JSnyd05 @zerohedge
Consider P = D/(k-g) dP/dk = -D(k-g)^(-2) (dP/P)/dk = -D(k-g)^(-2) / {D/(k-g)} Macaulay Duration = (dP/P)/dk = -1/(k-g) = 1/(D/P) = 1/Dividend_Yield = 1/.017 = 58.8 Modified Duration would be ~58.8/1.057 here ~ 55.6
Reply Retweet Like
John P. Hussman Sep 20
... and the companion chart. Fortunately, Fed-induced yield-seeking speculation has never enabled massive issuance of low-grade debt that devolved into a global financial crisis in 2008-2009.
Reply Retweet Like
John P. Hussman retweeted
Sven Henrich Sep 20
Reply Retweet Like
John P. Hussman retweeted
Kevin C. Smith, CFA Sep 19
Most overvalued market ever. Higher than 1929.
Reply Retweet Like
John P. Hussman retweeted
Sheila Bair Sep 17
The Fed could have provided targeted support for primary corporate debt issuance, conditioned on no shareholder distributions. Instead, it provided massive, blanket support for corporate debt markets, no strings. This is the result. via
Reply Retweet Like
John P. Hussman Sep 17
Reply Retweet Like
John P. Hussman Sep 17
... as the continues to amplify covenant-lite debt issuance "...loose documentation underpinning the loans, offering little protection to investors should a company end up in trouble." Thankfully, this sort of thing has never led to a financial crisis. 🙄😬
Reply Retweet Like
John P. Hussman retweeted
Albert Edwards Sep 17
I felt nauseous reading this article. This is what active Fed intervention to prop up markets and zombie companies actually means. Already grotesquely over-leveraged companies dunk their heads even deeper into punch bowl to finance owner dividends. Yuk!
Reply Retweet Like
John P. Hussman Sep 17
Replying to @toddmichalak
Very nicely, actually. The bid-asks always get wide in a panic, but if you knew where implied valuations were, it was fairly easy to get filled mid-market even on the worst days.
Reply Retweet Like
John P. Hussman Sep 17
... a reminder that the Fed has already produced negative rates for the first time in U.S. history, including the 1929 top. Unfortunately, it's in your portfolio, and you don't realize it.
Reply Retweet Like
John P. Hussman Sep 16
... we’re gonna need a bigger boat.
Reply Retweet Like
John P. Hussman Sep 16
Replying to @chrismartenson
Nice kale, buddy!
Reply Retweet Like
John P. Hussman Sep 16
Replying to @JInterlandi
I'll take a waiter with a mask over a waiter without one any day of the week. Hope the dread and despair finds a bottom. Ideally in reason and fact. That's what you're there for :)
Reply Retweet Like
John P. Hussman Sep 16
Replying to @AndrewPGregory @__ice9
... happens naturally, but people need a conspiracy. "Cells coinfected with two different virions can produce chimeric progeny with a mix of segments. This process, termed reassortment, is analogous to sexual reproduction in eukaryotes."
Reply Retweet Like