Author: CapitalGainsFund

Apr 1

Trump sees 'hard days' ahead in coronavirus fight, with as many as 240,000 Americans dead

WASHINGTON — Nearly a quarter million people in the United States could die as a result of the coronavirus outbreak, Trump administration officials said Tuesday.   That grim forecast is based on statistical models that have guided the administration’s response, and which were displayed at Tuesday’s White House press briefing of the coronavirus task force. In […]
Mar 31

Key Words: Outspoken Wall Street bond whiz says the stock market is acting ‘dysfunctional’ and may hit rock bottom once we take out March’s low

Jeffrey Gundlach on Tuesday said that the worst isn’t over for the stock market, after a brutal quarter that left the Dow with its worst decline in the first three months of a calendar year in its 124-year history. Speaking during a webcast, the DoubleLine Capital founder said that the stock market remains “dysfunctional” from […]
Mar 30

Trump: ‘Nothing would be worse than declaring victory before victory is won.’ But can the president save the U.S. economy from coronavirus and save lives?

How do you strike a balance between the country’s economic life and actual human life? On Sunday, President Trump yielded to advice from health professionals and said he will extend the social-distancing guidelines until April 30. Previously, Trump said he’d consider ending them by Easter. “Nothing would be worse than declaring victory before victory is […]
Mar 30

Dispatches from a Pandemic: ‘We’re now experiencing the aftershock’: As Italy’s death toll exceeds 10,000, Italians anxiously wait for coronavirus surge to peak

Emanuele Cremaschi/Getty Images A mural dedicated to Italian medical workers on an exterior wall of Pope John XXIII Hospital in Bergamo, Italy. COMO, Italy — Our world has been turned outside in. It’s now almost six weeks since the university in Milan has been closed, and three weeks since the official lockdown was announced. We […]