{"id":19831,"date":"2020-02-29T03:48:08","date_gmt":"2020-02-29T03:48:08","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=19831"},"modified":"2020-02-29T03:48:08","modified_gmt":"2020-02-29T03:48:08","slug":"the-fed-has-no-vaccine-for-covid-19","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/","title":{"rendered":"The Fed has no vaccine for COVID-19"},"content":{"rendered":"<p>The World Health Organization has not yet declared the COVID-19 coronavirus a global pandemic but investors are not waiting.<\/p>\n<p>Spooked by the rapid explosion of cases outside of China \u2014 South Korea now has 2,931 <a href=\"https:\/\/gisanddata.maps.arcgis.com\/apps\/opsdashboard\/index.html#\/bda7594740fd40299423467b48e9ecf6\">confirmed cases<\/a> and Italy 889; \u2014 and dire warnings from health professionals, investors are fleeing to safety.<\/p>\n<p>The <a href=\"https:\/\/www.cdc.gov\/media\/releases\/2020\/t0221-cdc-telebriefing-covid-19.mp3\">CDC on February 21st<\/a> announced:<\/p>\n<blockquote><p>&#8220;We are not seeing community spread here in the United States, yet. But it is very possible, even likely, that it may eventually happen.<\/p>\n<p>&#8230;..This new virus represents a tremendous public health threat. We don&#8217;t yet have a vaccine &#8230;.nor do we have a medicine to treat it specifically.<\/p>\n<p>&#8230;..We are now taking, and will continue to take, unprecedented aggressive actions to reduce the impact of this virus.&#8221;<\/p><\/blockquote>\n<p>China claims to have the disease under control, reporting a sharp decline in new cases. But they have zero credibility after the massive suppression of information, frequent revision of statistics, and rapid disappearance of anyone who contradicts the official CCP line.<\/p>\n<p>This report from <a href=\"https:\/\/mailchi.mp\/a4784bce73ef\/counting-sheep-china-tip-sheet-february-28-2020\">Trivium China<\/a> shows how CCP temporizing allowed the virus to spread:<\/p>\n<blockquote><p>China&#8217;s National Health Commission website published minutes from a meeting the NHC held with its provincial branches on January 14:<\/p>\n<ul>\n<li><em>&#8220;The epidemic prevention and control situation has undergone important changes, and the spread of the epidemic may increase significantly, especially with the arrival of the Spring Festival&#8230;&#8230;<\/em><\/li>\n<li><em>[We must] implement the most stringent measures, control the epidemic locally, and do our best to avoid the spread of the epidemic in Wuhan.&#8221;<\/em><\/li>\n<li><\/li>\n<li>But the NHC didn\u2019t give any public warning about the virus before January 20.<\/li>\n<\/ul>\n<\/blockquote>\n<p>Severity of the disease should also not be underestimated. Of 43,940 active cases, 18% are listed as serious or critical, while 7% of 39,439 closed cases have died. The growing number of relapses, after the patient initially recovered, is also concerning.<\/p>\n<p>China is going to find it difficult to restore business as usual with the constant threat of another outbreak. Activity remains well below normal levels.<\/p>\n<p><a href=\"https:\/\/t.co\/DgRov4RKVz\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png?w=525&#038;ssl=1\" alt=\"China coal consumption\" \/><\/a><\/p>\n<p>Official PMI figures point to a &#8220;brutal contraction&#8221; for China. February Manufacturing PMI plunged to 35.7, while Services were even lower at 29.6.<\/p>\n<p><a href=\"https:\/\/twitter.com\/TomOrlik\/status\/1233558669503143936\/photo\/1\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2020\/2020-02-28-pmi2.png?w=525&#038;ssl=1\" alt=\"China PMI\" \/><\/a><\/p>\n<p>It is difficult to estimate the economic impact of COVID-19 on the global economy. Profs. Warwick McKibbin and David Levine take a stab:<\/p>\n<blockquote><p>The novel coronavirus COVID-19 may become a footnote in history \u2013 a disaster narrowly averted. It could also become a global pandemic similar to some of the worst pandemics of the twentieth century. For example, assume the COVID-19 is as easy to spread and as dangerous as the 1957 Asian flu. Based on the epidemiological estimates of mortality and morbidity rates from that experience, our best estimate from a 2006 study on pandemics was that such a virus might kill more than 14 million people and shrink global GDP by more than $500 billion. These estimates are far higher than the costs were in 1957 because our world is increasingly connected and urban. Preliminary results currently being updated in 2020 suggest even higher numbers for worse case COVID-19&#8230;..[<a href=\"https:\/\/www.brookings.edu\/opinions\/simple-steps-to-reduce-the-odds-of-a-global-catastrophe\/\">Brookings<\/a>]<\/p><\/blockquote>\n<p>This is not a problem that the Fed can handle.<\/p>\n<p>No doubt they will cut interest rates. Short-term Treasury yields (gray) are already falling in anticipation of another rate cut (green).<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2020\/2020-02-28-effr.png?w=525&#038;ssl=1\" alt=\"Effective Fed Funds Rate (EFFR), Interest on Excess Reserves (IOER), and 3-Month Treasury Yield\" \/><\/p>\n<p>When consumers are scared, rate cuts will not restore normal consumption patterns. This is both a demand and a supply shock. A virus outbreak would cause consumers to drastically curtail demand: use of public transport, holiday travel, business travel, hotel occupancy, visits to restaurants, shopping malls, sporting events and other public venues. Fast food consumption and discretionary shopping would be especially hard hit.<\/p>\n<p>But supply is also likely to contract due to interruptions to supply chains and shipping logistics, slowing manufacturing output.<\/p>\n<p>Donald Trump may <a href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/trump-calls-coronavirus-democrats-new-hoax-n1145721\">call this a &#8220;hoax&#8221;<\/a> but I don&#8217;t see him taking any hospital tours, to review preparations. If the virus does spread as anticipated, he is unlikely to win re-election.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Health Organization has not yet declared the COVID-19 coronavirus a global pandemic but investors are not waiting. Spooked by the rapid explosion of cases outside of China \u2014 South Korea now has 2,931 confirmed cases and Italy 889; \u2014 and dire warnings from health professionals, investors are fleeing to safety. The CDC on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Fed has no vaccine for COVID-19&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,17,29],"tags":[4197,4215],"class_list":["post-19831","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-japan-korea","category-the-big-picture","tag-coronavirus","tag-covid-19"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Fed has no vaccine for COVID-19 - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Fed has no vaccine for COVID-19 - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The World Health Organization has not yet declared the COVID-19 coronavirus a global pandemic but investors are not waiting. Spooked by the rapid explosion of cases outside of China \u2014 South Korea now has 2,931 confirmed cases and Italy 889; \u2014 and dire warnings from health professionals, investors are fleeing to safety. The CDC on &hellip; Continue reading &quot;The Fed has no vaccine for COVID-19&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-29T03:48:08+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"The Fed has no vaccine for COVID-19\",\"datePublished\":\"2020-02-29T03:48:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/\"},\"wordCount\":641,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png\",\"keywords\":[\"Coronavirus\",\"COVID-19\"],\"articleSection\":[\"China &amp; HK\",\"Japan &amp; Korea\",\"The Big Picture\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/\",\"name\":\"The Fed has no vaccine for COVID-19 - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png\",\"datePublished\":\"2020-02-29T03:48:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Fed has no vaccine for COVID-19\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thepatientinvestor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\",\"name\":\"Colin Twiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"caption\":\"Colin Twiggs\"},\"description\":\"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\",\"https:\/\/au.linkedin.com\/in\/colintwiggs\"],\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Fed has no vaccine for COVID-19 - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"The Fed has no vaccine for COVID-19 - the patient investor","og_description":"The World Health Organization has not yet declared the COVID-19 coronavirus a global pandemic but investors are not waiting. Spooked by the rapid explosion of cases outside of China \u2014 South Korea now has 2,931 confirmed cases and Italy 889; \u2014 and dire warnings from health professionals, investors are fleeing to safety. The CDC on &hellip; Continue reading \"The Fed has no vaccine for COVID-19\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2020-02-29T03:48:08+00:00","og_image":[{"url":"http:\/\/static.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"The Fed has no vaccine for COVID-19","datePublished":"2020-02-29T03:48:08+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/"},"wordCount":641,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png","keywords":["Coronavirus","COVID-19"],"articleSection":["China &amp; HK","Japan &amp; Korea","The Big Picture"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/","name":"The Fed has no vaccine for COVID-19 - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png","datePublished":"2020-02-29T03:48:08+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2020\/2020-02-28-coal.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/29\/the-fed-has-no-vaccine-for-covid-19\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"The Fed has no vaccine for COVID-19"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454","name":"Colin Twiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","caption":"Colin Twiggs"},"description":"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-59R","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":20181,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/04\/02\/a-coronavirus-recession-how-long-will-it-last\/","url_meta":{"origin":19831,"position":0},"title":"Coronavirus: &#8220;We are all Keynesians now&#8221;","author":"Colin Twiggs","date":"April 2, 2020","format":false,"excerpt":"An economic depression requires a 10% (or more) decline in real GDP or a prolonged recession that lasts two or more years. The current contraction, sparked by the global coronavirus outbreak, is likely to be severe but its magnitude and duration are still uncertain. After an initial spike in cases,\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19810,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/22\/china-ccp-lies-and-the-coronavirus\/","url_meta":{"origin":19831,"position":1},"title":"China: CCP lies and the Coronavirus","author":"Colin Twiggs","date":"February 22, 2020","format":false,"excerpt":"The CCP is trying to create the illusion that the coronavirus COVID-19 outbreak is under control and the economy will soon bounce back from the brief interruption. But all is not what it seems.... COVID19 Official reported COVID-19 figures from China show a dramatic fall in confirmed new cases. Unfortunately\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20108,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/03\/26\/moderna-inc-mrna\/","url_meta":{"origin":19831,"position":2},"title":"Moderna Inc (MRNA)","author":"Colin Twiggs","date":"March 26, 2020","format":false,"excerpt":"Stock: Moderna Inc Exchange: Nasdaq Symbol: MRNA Date: 25-Mar-20 Latest price: $27.13 Market Cap: $8.98 bn Fair Value: Uncertain Forward P\/E: \u00a0\u00a0\u00a0\u00a0\u00a0 - Payback Period Uncertain Financial Y\/E: 31-Dec-20 Rating: BUY (above 30) Sector: Healthcare Industry: Biotechnology Investment Theme: LT Growth Structural Trends: Medical Technology Moderna is at the forefront\u2026","rel":"","context":"In &quot;International Growth&quot;","block_context":{"text":"International Growth","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/investment-allocation\/international-growth\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29401,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/11\/27\/new-covid-variant-upsets-markets\/","url_meta":{"origin":19831,"position":3},"title":"New COVID variant upsets markets","author":"Colin Twiggs","date":"November 27, 2021","format":false,"excerpt":"JOHANNESBURG \u2014 A new coronavirus variant has been detected in South Africa that scientists say is a concern because of its high number of mutations and rapid spread among young people, Health Minister Joe Phaahla announced Thursday. South Africa has seen a dramatic rise in new infections, Phaahla said at\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-26-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-26-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-26-spx.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-11-26-spx.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":22651,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/11\/14\/vaccine-rally-but-daily-cases-spike-upwards\/","url_meta":{"origin":19831,"position":4},"title":"Vaccine rally but daily cases spike upwards","author":"Colin Twiggs","date":"November 14, 2020","format":false,"excerpt":"Pfizer's announcement of phase 3 vaccine results buoyed market sentiment, temporarily lifting market sentiment. Pfizer Inc. (PFE) jumped sharply at Monday's open but strong profit-taking, signaled by large red candles, warns that speculators are prepared to take profits on announcements, while investors have yet to recognize long-term appreciation in value.\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23325,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/12\/21\/moderna-gets-fda-authorization\/","url_meta":{"origin":19831,"position":5},"title":"Moderna gets FDA authorization","author":"Colin Twiggs","date":"December 21, 2020","format":false,"excerpt":"FDA Commissioner Stephen Hahn The Food and Drug Administration has authorized the COVID-19 vaccine developed by Moderna for use in the United States. The vaccine can now be given to adults 18 years of age and older in the US. It was 94 percent effective against symptomatic COVID-19 in clinical\u2026","rel":"","context":"In &quot;International Growth&quot;","block_context":{"text":"International Growth","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/investment-allocation\/international-growth\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/19831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=19831"}],"version-history":[{"count":3,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/19831\/revisions"}],"predecessor-version":[{"id":19845,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/19831\/revisions\/19845"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=19831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=19831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=19831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}