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[20201002_054327 UTC: Added c|net link and quote.--martyb]
https://twitter.com/realDonaldTrump/status/1311892190680014849
Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!
A report from c|net adds:
White House physician Dr. Sean Conley said in a memorandum late Thursday that the president and first lady were "both well at this time, and they plan to remain at home within the White House during their convalescence."
The announcement of the president and first lady's positive coronavirus test results came just hours after the revelation that top White House aide Hope Hicks had tested positive for the virus as well. The president indicated in an earlier tweet that he and the first lady had begun the quarantine process.
Hope Hicks, who has been working so hard without even taking a small break, has just tested positive for Covid 19. Terrible! The First Lady and I are waiting for our test results. In the meantime, we will begin our quarantine process!
— Donald J. Trump (@realDonaldTrump) October 2, 2020
President Donald Trump tweets he and first lady Melania Trump test positive for Covid-19
c0lo adds: Dow futures plunge more than 500 points after Trump says he tested positive for coronavirus
Alternate Submission #1 Alternate Submission #2 Alternate Submission #3
(Score: 3, Insightful) by sjames on Friday October 02 2020, @08:06PM (3 children)
I couldn't help noticing that associated reports show that this news has affected oil prices and the stock market. Why??? Trump isn't actually running any significant industries. Let's face it, if Trump Tower (AKA the REAL Tower of Terror) and his golf courses all fell into a black hole today, it wouldn't really change anything in the world. If he shut down his tie business, workers in China would just pull a lever and start stitching a different label into the ties.
He certainly isn't responsible for drilling for oil or for sorting out the logistics of delivery and refining.
So the first order analysis is that any financial action taken is pure irrationality. The second order analysis suggests that it makes sense to get out IF you anticipate that others will act irrationally and damage the value of your holdings as a result. So it's fair to say that the market is ruled by irrationality and the fear of irrationality and it's players know it.
That leaves all the fine economic theories premised on economic decisions being rational floating in mid-air 6 feet off the end of a cliff, much like Wile E. Coyote just before he realizes he is once again destined to be a victim of gravity.
Some may try to rationalize it but that is just further irrationality, about as likely to be helpful as the Coyote's parasol when the boulder is falling.
(Score: 0) by Anonymous Coward on Friday October 02 2020, @09:45PM (2 children)
Don't forget insider trading, straight corruption, or fears of future regulation. There may well be real rational reasons for these actions that have nothing to do with what you consider rational aspects.
(Score: 2) by sjames on Friday October 02 2020, @09:55PM (1 child)
There won't be any future regulation caused by Trump's illness until at least January 20th. That toncern would exist independently of his illness given the chances of Biden getting the win.
Unrestrained corruption and insider trading just further undermine support for current economic policy.
(Score: 0) by Anonymous Coward on Friday October 02 2020, @10:36PM
Have you not been paying attention for 20+ years? Wall Street corruption has been off the hook. The crooks don't care much about policy or long term sustainability, they want to get rich no matter what. There are all sorts of possibilities why Trump getting suck miggt make thieves apprehensive. The well being of US economic policy only matters to (some) Democrats and olebes. Republicans don't give a fuck as long as they keep making money for themselves.