President Rouhani Blames America For “Spreading Fear” About Iranian Coronavirus Outbreak
The Iranian regime is not having a good year.
In January, the IRGC and military tried to cover up the accidental ‘shoot-down’ of a Ukrainian passenger plane packed with young Iranian students. In February, it tried to cover up an outbreak of the coronavirus, and inadvertently allowed several senior health officials to become infected, including a deputy health official who appeared on Iranian TV looking like he was about to drop dead.
He was later confirmed to have the virus. We covered this extensively yesterday.
On a scale from 1 to Your Government Is Absolutely Not Up To The Task, the deputy health minister literally appearing at a coronavirus press conference in a fever sweat, because he has coronavirus, ranks right up there https://t.co/dlvO45LurJ
Following rumors that the Ayatollah himself may have been exposed to the virus, President Rouhani appeared on TV to accuse the US on Wednesday of inciting “fear” in Iran over the deadly outbreak.
Sorry, Mr. President, but we suspect your government’s botched response is really to blame.
“We shouldn’t let America mount a new virus on top of coronavirus that is called…extreme fear,” Rouhani told a weekly cabinet meeting, a day after US Secretary of State Mike Pompeo accused Iran of suppressing information about the outbreak.
Rouhani also dipped into conspiracy theory, accusing the US of covering up the outbreak by labeling thousands of cases as the common flu.
The Americans “themselves are struggling with coronavirus. Sixteen thousand people have died of influenza there but they don’t talk about their own (dead),” Rouhani said.
Iranian authorities have closed schools, universities, cultural centers, sporting events and deployed teams of sanitary workers to disinfect buses, trains and public spaces as the outbreak unleashes a full-blown hysteria.
However, something tells us their approach to containing the virus hasn’t been as effective as they had expected.
No joke: #Irani nurses sterilize “Rouhani Hospital” in Mazandaran province of Incense to counter the Corona virus. There has been several cases of corona virus 🦠 in Iran 🇮🇷 lately .. pic.twitter.com/VIRYeiGbvi
Well, CNBC’s Markets in Turmoil failed to spark its typical boost to equities as stocks continued their selloff yesterday as fears over coronavirus continue to rattle investors’ confidence.
The Dow Jones Industrial Average has now lost 6.59% over the last two days, its worst two-day loss since February 2018. The S&P 500 has lost 6.28% over the last two days, wiping out $1.737 trillion in market value, marking the worst two-day stretch since August 2015. Lastly, the Nasdaq has lost 6.38% over the last two days, marking the worst two-day stretch since June 2016.
One of the more obscure stats to take note of is the S&P 500 closed down more than 2.5% for consecutive sessions while above its 200-day moving average for the first time since 1938.
More than 64% of S&P 500 companies have entered a correction, meaning they’re down at least 10% from their 52-week highs, while 25% of S&P 500 companies have entered a bear market, meaning they’re down at least 20% from their 52-week highs.
Interestingly, U.S. President Donald Trump — who doesn’t watch the stock market, is reportedly “furious” the markets have been selling off. The Washington Post reported he has warned aides against discussing the impact of coronavirus over fears that stocks may continue to fall.
Officials at the Center for Disease control appear to have concluded it’s only a matter of when, not if, coronavirus spreads throughout the U.S.
“It’s not so much a question of if this will happen anymore but rather more a question of exactly when this will happen and how many people in this country will have severe illness,” Dr. Nancy Messonnier, the head of the National Center for Immunization and Respiratory Diseases at the Centers for Disease Control and Prevention, said.
Meanwhile Gilead Sciences has begun a clinical trial of its drug remdesivir on a patient hospitalized with COVID-19, marking the first clinical trial in the U.S. to find a treatment for coronavirus. The participant is an American who was quarantined on the Diamond Princess cruise ship in Japan and volunteered to participate in the study.
“We urgently need a safe and effective treatment for COVID-19. Although remdesivir has been administered to some patients with COVID-19, we do not have solid data to indicate it can improve clinical outcomes,” said NIAID Director and U.S. Coronavirus Task Force member Anthony S. Fauci, M.D.
It’s anyone’s guess where markets go from here.Unlike other issues that have popped up during this bull market, a deadly virus sweeping the globe is not something that central bankers can easily overcome by printing money or cutting interest rates.
New Home Sales Soar To Highest Since July 2007 As Prices Hit Record High
Following a disappointing drop in Existing Home Sales, New Home Sales were expected to buck their recent trend and rebound in January. And rebound they did, jumping a shocking 7.9% MoM (vs +3.5% MoM and a major revision for December from –0.4% to +2.3%)…
The monthly jump is the biggest since June 2019 and the highest SAAR for New Home Sales since July 2007…
The median sales price jumped 14% from a year earlier to a record $348,200 as more expensive properties made up a larger share of purchases.
Purchases of new homes, which account for about 10% of the market, increased in three of four U.S. regions, led by the Midwest and West.
Of course, with mortgage rates crashing to 8 year lows…
The supply of homes at the current sales rate declined to 5.1 months, the lowest since November 2017, from 5.5 months in the prior month.
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fluoridated drinking water, vaccines, Fukushima cover up, electro-smog, sleight of hand economics, etc. Blessings and gratitude to Arnie Rosner and Anna von Reitz, for helping us learn from the past, and together steward a brighter future. Please read this vital information, take action, and inform others. If the spelling of ‘Letter’ has not yet been corrected on line, please correct it. Thank you! Doreen Agostino