Episode 848 Scott Adams - #WuhanVirus, Trump's Nat'l Address, Tom Hanks, Stocks, Bitcoin

don't undercut them dumb pom pom pom pom pom pom pom pom pom pom I like that turn on Studio hey everybody it's time for coffee with Scott Adams the best part of the day I think you'd agree it's pretty obvious really hello dr.

Burris hello the rest of you jack good to see you come on in here it's time for the simultaneous it but all you need is a cup of our glass of tanker chelators sign in the canteen trigger flask a vessel of any kind fill it with your favorite liquid I like coffee enjoy me now for the oven care of a little pleasure the dopamine of the day the thing that makes everything including the Wuhan virus better it's called the simultaneous if it happens now go hmm so as I often do I was watching myself in replay so I I play back my periscopes now and then just to see what it looks like and see if I could make it better and I gotta tell you one of the that one of the systems you should implement in your life and it really really helps you understand yourself is making a real concerted effort to monitor your personality after certain conditions have changed so for example monitor your personality after you've had a good night's sleep and then compare it to a bad night's sleep you get to see a difference hungry versus not hungry and as you all know I've mentioned it I'm coming off of a prednisone so I had some prednisone for some sinus stuff and it completely changes my personality and so I noted before I take it so that I could watch myself like an observer which is really hard because when is you you don't really feel like you're observing yourself you're just you but you can do it if you practice so I've been watching myself sort of objectively to see if I turned into a different personality I'm prednisone and when I watch myself on the playback I really did so you know I'm on the tail end in it now so we should be normalizing but as I was watching myself I thought I don't think I'd watch that guy he seems kind of some kind of intense and angry and a little belligerent so my judgment of myself is that I was a little belligerent yesterday and a little bit unkind I was definitely hard on the president I doubt I've ever been harder on Trump than I have this week I think you'd probably agree let's talk about all that stuff anyway so it's a good it's just a good technique to learn to watch yourself objectively and say hey is that my normal personality is that or is that because of the meds I'm on or I didn't get enough sleep or something all right there's a whole bunch of stuff happening number one I understand that the Chinese government really really really hates it when you call this any kind of a Chinese flu or or the the Wuhan virus now once I learned that the Chinese government really hates it wouldn't you call the virus that I decided that from now on I'll only call it the Wuhan virus now I don't love calling it any kind of a Chinese virus because Chinese refers to you know variously the country the people etc and that's a little close to to making a you know an accidental racist sounding statement but Wuhan is literally the name of government gives a piece of real estate so that to me feels like more government and it's the government of China that I eat with the passion the people are quite awesome in fact let me thank the people of China right now the the people of China as opposed to the government who sacrificed a lot to slow this virus down and you guys did a great job for the for the world certainly the people working on containing it in China were not the people responsible for releasing it if anybody is responsible who knows where it came from but the Chinese people a plus plus plus and the big thank you for the sacrifice that you guys did because I know you were fighting for your own lives and for your families and for your own country but it helped the world as well so thanks and it looks like things are or may be slowing down over there so Chinese really getting handle on it in these times of national not national global crisis it's good to take stock of the more sober-minded among us so leadership leadership sort of bubbles up where you don't expect it you see this in a whole bunch of different ways people are just sort of stepping up and taking a position on the Wuhan virus taking a position meaning they're there saying what could I uniquely do that would help you know what's what's the thing that I can do that's my skill set and you see me doing it as best I can I was just noticing on Twitter that famous I'd never know what to call him because he's so many things but among others an evolved raava comte is a famous investor an adviser of startups and things like that now you wouldn't probably wouldn't call himself that but but within his talent stack there's this tremendous range of investment business understanding and so he he tweets I think it was last night he said current market panic feels overblown now when somebody like navall says that it means more right so if the smartest most experienced people are saying the market looks overblown they're saying it for a reason they're saying it for a reason because the economy is a psychology machine and the people who understand that and have important positions you know in the world where they can say look I'm experienced listen to me on this topic that's what they've all saying he's saying the current market panic feels overblown this is a short-term shock Asian countries show social distancing assisted by seasonality and endure on flu that's my work works headlines will worsen as mass testing begins so in other words it's going to look worse just because we're discovering more of it as we get better at testing he says take it seriously for yourself wear masks for others don't panic trade he says I don't so don't do panic training so you know that all saying that I'm not a big fan of it but you know there's there's nothing to fear but fear itself which every president said that Rozelle and this is one of those cases where that's purely true the only thing that would destroy that you know the financial markets is bad thinking so if we if we just decide to be too afraid well we'll go I'll go you know basically run off a cliff together but it takes people like Duvall and I hope that my voice adds to this a little bit to say this is temporary because it is I would say the one thing that you could bet on with the greatest certainty of anything you've ever bet on is that it's temporary most things are and so we'll be fine just keep your psychology strong this is not the time to panic sell and I find that a helpful message so when people when people of that station tell you to relax that means something and that's helpful so there was a apparently a fascinating interaction last night on CNN where Don Lemon was interviewing John Kasich no cases of course is no fan of President Trump but he is a moderate Republican and lemon was trying to get John Kasich to say bad things about Trump's national address last night about the war on virus and cases wouldn't do it it cases basically said yeah I was pretty good yeah it was 98 percent okay yeah I mean he had to clarify a few things big deal he was reading it from a teleprompter so obviously it was prepared and all the right people saw it and everything and I guess Don Lemon was flipping out because he couldn't get the cases to say something bad about Trump in a crisis now I don't think I've ever liked John Kasich better than last night so much so that I thought if he had you know if he had rear edge' stirred as a Democrat and just ran as a Democrat I mean he to have a shot because he is a completely reasonable level by the guy who has never been crazy and I appreciated him a lot last night just sticking up for the fact that the the president's addressed and I'll give my own criticisms so I'm not I'm not agreeing with cases his view I just appreciate the independence of it the fact that he wasn't going to take aside during a crisis when he's so cute he so easily could have you know criticized the president because he's criticized the president a lot right it's not like Kasich doesn't know how to criticize the president he knows how but he chose during this panic not to nitpick I was something that wasn't worth picking out so good job John Kasich appreciate the leadership here's a question for you um none of this is going to be in any particular good order today but why don't we know more about ventilators here's the here's my question for the news media and I would actually like you you newsmedia 270 reporter somewhere you know seven somebody out and get a report on us who is making our ventilators and how and how quickly are we ramping up why is that not the biggest story because it's the most crucial piece of equipment the thing that will be most in-demand if if things crest the way we think they will but who makes them do we even make them in the United States are they hard to make if we wanted to suddenly go from you know making a hundred a week to ten thousand a week could we do it I don't know so you know in World War two one of the most amazing things was that the United States industry just sort of immediately transitioned into making tanks of the war materials etc and dinner pretty quickly I don't know what quickly means in that context but it was quick so here's a question I ask you how close are we in terms of you know the totality of Technology from robots to 3d printers to - you name it how close are we to spinning up a factory to make a product that's let's say robot run starting from scratch like how quickly could we build even if it's a temporary facility you saw trying to build these entire hospitals temporary hospitals but they built have been like a week what what would it take for the United States with all of its resources in an emergency to spin up a robot manufacturing facility for ventilators because you know you could skip a lot of safety stuff you know it's a temporary building it's an emergency use wave all the red tape out of the way so if you got rid of all the red tape what could the best engineers with unlimited resources of the federal government highest priority working day and night how fast could we do it and why don't we have because somebody's doing it right now right I mean somebody is making more ventilators I think right nobody's making new ventilators I believe they are and how about if you wanted people to help suppose it's a suppose it's an assembly line situation do you think you could find enough people to work on the assembly line temporarily to make these ventilators yeah of course unlimited labor you want labor to make to assemble ventilators you got it I'll do it yeah I'll volunteer tomorrow I'll make you some ventilators it's an emergency of course you have all the labor you want so you have all the money all the labor all the knowledge how fast could we put them together and why isn't the news showing us videos of the people we're actually doing that I have a real curiosity about that because it seems like the main there might not be anything that's more important in the end that's what's going to keep people alive I think all right I I was pretty disgusted watching the news last night I don't know if this is the Preta so I'm still talking so here here's one of those points where I have to catch myself and I say all right is the next thing that comes out of my mouth because I know what it is you don't this is the next thing that comes out of my mouth was that my normal personality I don't really know it doesn't feel like it it feels a little more aggressive than normally I would be but I'm gonna do it anyway I've been trying to figure out why there's so much looser think on social media more than usual and specifically around the the Wuhan virus and I thought at first I thought to myself oh it's just because I'm noticing it more because there's a new topic for people to be doubled about so I'm just you know tuned to it so I'm just noticing it more but there was a similarity to it that I kept saying to myself why why is there this weird similarity to the things people are saying that don't make sense and unfortunately I I found the source I found the mothership here's what I'm talking about I keep seeing people comparing the Wuhan virus to regular flu death rates and people will say well a regular flu death rate is tens of thousands a year the Wuhan virus has only killed a few relative to that there you go and I and every time somebody does that I just say to myself stop it stop it the stupidity is crowding me stop comparing the wrong things who compares a problem which by its nature is going to be your logarithmically exponentially increasing but it's just starting who complain compares that to something that's already run its full course well not smart people smart people do not compare a regular virus that's already done a full year of killing people just something that just started because wouldn't you expect the regular flu would be a big number because it's already done and the new one is just article who compares those who is who is so dumb to say that in public over and over again besides the President of the United States sorry sorry the president did the same thing I'm not going to give them I'm not going to give them a pass on that and then I turn on TV last night to Fox News and I'm watching Sean Hannity say that and I thought to myself well Sean you're a smart guy you know it's good context to say the regular flu kills as many I think that's good to know I'm happy that people are reporting that but that he says and wuhan flus you know when we killed this many and then I'm waiting for Sean say but it's just starting so you shouldn't compare something just starting to something that's already done so I'm waiting for Sean to say that and then he changes the topic he keeps talking I'm like okay well maybe he'll circle back to it and then he doesn't he and I'm thinking that's where this is coming from that's where it's coming from it's coming from Fox News I read an article last night who was it was it Margaret all of it or something who said that it would save lives if if Rupert Murdoch would bear down on Fox News and tell him to stop saying basically that and when I read that I thought come on you know this this is just inside baseball and you know it's not going to save lives if Fox News reports things differently and then I watched Sean Hannity shell and I thought I know I agree with that I agree with that if if Rupert Murdoch wants to be responsible and during this crisis he should talk to Sean Hannity and tell him to stop doing that he should actually just say look I'm the boss it's an emergency normally I don't bother you you know you do your show that's our deal it's not my opinion that's your show it's your opinion Sean Hannity but stop comparing it to the flu and then stopping it's fine to compare it to the normal flu and say but people were just starving so you know this new one is ten times more dangerous we think it could be in you know far bigger than a regular flu that would be great but Sean Hannity I think you need to raise your game a little bit for for the the greater good I'm not I'm not going to put this because it's an emergency I don't like to be hard on people I'd rather that I would coerce people to be on the same side so Sean Hannity and by the way I'm a huge admirer of Sean Hannity's skill stack I think I've talked about that before if you look at the number of skills that Sean Hannity puts together to do what he does it's it's jaw-dropping I mean he has a lot of skills that that fit together really well but I don't think one of them is economics as far as I know I don't think it is and economists and scientists are better at comparing things and I think because it's a national emergency and people do mean to take this seriously I think that Sean Hannity I would like to ask you directly to you can still be obviously it's still helpful to say that normal flu kills a lot of people but put it in context please please I mean it's an emergency we need to have the the best information out there we can all right so here's some other we'll talk about the president's address and well actually let me talk about it now so it's a political season so it's impossible to separate the politics from any of the stuff even though we should here was my take on the president's address first of all it was somber but low-energy I don't know I heard a lot of people say they loved it because it was the right tone it's it's very weird to watch Trump be low-energy and read off a teleprompter because you can tell he's not in his comfort zone my take on it was it was fine in terms of the presentation it was fine it wasn't great and he's capable of being great but fine was all we needed we just needed a we just needed to hear from the president we needed to to feel like he's in charge taken seriously he had all those notes so I would say there was I didn't see anything I would criticize in it but it wasn't a home run or anything it just was a just a good solid presidential speech but interestingly he decided to close traffic to Europe air traffic now here's the here's the way I think you should look at Trump's performance because none of us are really good at evaluating presidents we were not we think we are we all think we're geniuses and evaluating presidents and I'm no different but we're not good at it and it's good to keep that in mind one of the reasons that we're not good at it as we forget that the valid comparison would be this president in this situation versus a different president but the same situation and that can't be evaluated because there is no way to evaluate a different president in this same situation that can't be done so all you know is how one person did it and then you imagine how it could have been done differently and you end up comparing your imagination of how it could have been done differently to what was actually done and that's not a valid comparison because your imagination is not some kind of standard to which all things can be compared that said here's a good way here's a useful way to break out you know your opinion there aren't that many parts of this emergency that the president actually does the president is one of the least important people in the emergency I know that's weird but he's actually bordering on irrelevant and when I say that that as soon as he does the right things those are the small things he does are right so he needs to focus the country's attention done I'd say 100 percent effective he needed to do the things that only a president can do such as closing the traffic from China and now closing it from Europe I would say that he did those aggressively and decisively and I give him an A for full grades for doing the things the president can do specifically just the president's job then he asked for a two and a half billion Congress said it's gonna be closer to eight and a half he said that's fine and I'll take it you know you could argue he should have asked for the Hayden they have first but I don't take that's just small ball in the real world if you've ever done anything important in the real world a situation like this is not aim fire hit the target that's not the world where we're in the world of aiming wildly in the general direction because it's an emergency you shoot you see how far off you were you adjust so we're in the world we're in is a take a shot adjust take a shot adjust adjust adjust adjust it's an adjustment world it's not it's not a laser focused hit the target world and so when I see the president asks for two and a half million but then Congress says no we're smarter it's eight and a half billion nine and a half whatever it is you know let's adjust happen quickly happen without any friction right there was no friction to the adjustment so as long as you're seeing people take a shot and then adjust quickly that's everything you can hope for that's it that's your government working exactly the way you wanted to adjust adjust adjust so the things that the president can do I think he nailed like the decision as the president does he put the money there he got the right person gave it the right attention did the presidential address close the airports early those are all the things he can do beyond that his messaging I thought was poor but also irrelevant because as long as he's willing to say blah blah blah here's what I think now let's listen to my expert and I think it's entirely obvious that dr.

Fauci correct me if I'm wrong but it seems to me that the the experts that the president has chosen are strong personalities who understand the nature of the threat I believe dr.

Fauci and probably the others would stand right next to the president in public and contradict him because they have right now would a plain political person contradict the president if they were on the same party while standing in front of him in public well not so readily you know a lot a lot less likely but I think these professionals are different cats when you when you listen to foul see speak there's nothing political there there is nothing nothing and that's hard to do I mean he is so foul C is so clear of political even vibration that I put a lot of credit in that guy so I'm I have complete trust that the experts are telling the president why what needs to be told doing the things that need to be done and and when they do it wrong they're adjusting so one of the things that was wrong was the test kits how much and how to know what the details were but the early testing stuff was too little didn't work too late whatever so there are questions to be answered there but you know was the President of the United States aware that we didn't have enough test kits well no but of course the the buck stops at the top so they're adjusting but here to the same story I said with the ventilators we should know about the test kits I'd love to see the news reports actually standing in the factory floor watching the people try to scramble to make more test kits than they've ever made before I want to see that process and maybe there's something we could add to it right did they need labor do they need funds do they need expertise does they need me to call somebody we can make something happen faster I'd help anyway so I thought the president's presentation was adequate hit all the notes any complaining about it would not be substances the substantial so I think we're on the right track and I agree with navall that that the beauty of this problem is that it has a timer on we know with a very high degree of certainty because the Chinese and South Korean experiences we know that we can get a hold of this we know it'll be hard but we know we can do it so let's treat it like a short-term thing that it is I saw Mike sort of itch noted that if everybody starts doing online education if the colleges stay closed for a while or maybe even the schools the lower lower schools people might find out that they like online education better and they might that's definitely a possibility you have some other unintended consequences that are starting to form one is that I think telemedicine might have a resurgence you know it's already growing but I think telemedicine will get a big boost so you'll see that and I think you'll see online shopping for groceries just become a thing I just tweeted I think I tweeted it or liked it I forget a story that broke my heart today so I'm gonna tell you to break your heart there's a woman who's tweeting was telling the story a young woman she was in the grocery she was in the parking lot of her grocery store and she heard somebody yelling from inside a car and it was two elderly people who were inside the car they they cracked the window open and apparently they've been sitting in the car for 45 minutes trying to yell to passers-by that they were afraid to get into their car and go in public to shop for groceries they didn't have food and they were yelling to people to help them apparently they didn't have much of a social whole family support system so these two elderly people went there and sat in their car and yelled through a crack in the window and finally this woman said she'd buy him some groceries so they so they put down some money and a shopping list and so she shopped for some things and putting put them in her trunk now there might be a lot more of that going on there might be a lot more seniors who are panicked and don't don't have the capacity to get through this the best way so I would say if you know anybody you know in that over 70 age group you might want to check up on them and one way to help them might be to set up some online grocery shopping and maybe you have to do it for them but just have their address and their credit card on it so the food will be delivered to them directly so I don't know how to help the old people in your life but put some work into it so figure out who is your most vulnerable person in your circle figure out what you can do to help them because this will harden virus is not a spectator sport as I say this is this is all of us this is all of us doing different things and you're gonna have to help out some elderly people tom hanks and his wife apparently have the Karuna virus there in Australia doing a movie and it's reported that they have it their symptoms are mild but here's the thing that got me a little close to home so Tom Max is 63 years old and reportedly somebody will have to confirm this he has type 2 diabetes is that true and that's one of the top risk factors so he's over 60 that's a risk factor and he has a special condition I'm sure it's well well treated and monitored and he would have you know obviously the finest healthcare but here's why this scares me in particular I'm gonna be 63 his exact age and I also have a risk condition in my case asthma and so I'm watching Tom Hanks like he's the canary in the coal mine for me so if if Tom Hanks survives and he's still alive in a month I'm gonna feel a lot better about myself selfishly speaking I'm sort of using it as my my surrogate if he survives the crow to virus I'm pretty sure I can because you know he's a very healthy 63 I've been very healthy 63 except for that one one issue now of course my problem is is is a lung problem so I probably have higher risk if we are checking our prediction models I would like to check mine for you number one did you see the video of Kamala Harris and Joe Biden together in which they they pretend they're doing an endorsement and calmly says she's endorsing Biden and then they do a staged artificial conversation after the F the director yells cut in which Kabbalah talks about her I guess her supporters are called the K hive for comma K hive and Joe Biden talks directly to them in hopes that they will support him in his campaign but the the actual most interesting part of the little video because we know that the Democrats are lighting up behind Biden so that's not surprising but the part of the video that is most interesting is their chemistry watch watch the if you have a chance watch it or watch it again watch the chemistry between Camilla Harris and Joe Biden it's really good it's actually really good to me anyway I mean I suppose I could be fooled by it but from an observers perspective they look actually like a good pair like they have some genuine affection and apparently the back story is that they do because Carla was apparently very close with Beau Biden and therefore Joe Biden so I think Coble is gonna be at best prediction that I ever made because as vice president she would be as effectively the presidential candidate but here's another one so I think it was the fact-checking me on this but I think I'm right on this it was January 28th that President Trump called for the ban on travel to China January 28th on January 24th most of you watched me go absolutely crazy on periscope yelling that we should close the borders so that's a four-day different so January 24th I was aggressively calling for the Chinese travel to stop and when I said it I don't know if anybody else had somebody says Wow Scott you love that Harris lady don't you apparently you're new here nobody has criticized cobbler Harris more than I have but that doesn't change the fact that demographically she's a good fit for the the ticket and it doesn't change the fact that she has real good chemistry with Joe Biden they have you know honestly let's look at this way if you assume the Joe Biden has some declining rental situation there who do you want is the vice president do or somebody that he picked who is just some governor that he doesn't have any connection with that just fits well within the ticket but wouldn't have any special connection to him that would be kind of dangerous wouldn't it because if if the risk that you're looking at is that Joe Biden might be you know not fully able to complete it a term as president you want that vice president to not just be capable of taking over the job but you want them to have a really good connection with the boss because that's a delicate conversation and it might not be a case of where a medical doctor says okay I'm calling the I'm calling it I'm a medical doctor you know we need to replace the president but I don't know if you wait for that you want somebody who's close enough to the president to say in a private in a private conversation you know Joe you saw what you did yesterday I'm worried about it I think we ought to have a serious conversation about this I think kamo Harris might be close enough to him personally that she could have that conversation I don't know if a governor could just some random vice president he picks because it fits good on the ticket so I think she's a guarantee anyway so what I'm going to say about I called for the travel ban on January 24th the president did it on the 28th he's being praised for doing it early I would like to add this to my correct predictions even though it wasn't in the form of a prediction because I I don't know if anybody in the country said it before I did can anybody confirm that for me was there was there any public person I'm sure there were private individuals plenty of them but was anybody in public calling for the Chinese travel to be shut down completely before I did on January 24th let me know because I'd like to feel like I was a constructive voice in that but there's no way to really know all right let's see how's the social distance incoming for all of you I've just sort of track my social distancing you know putting numbers on it I'm doing it in my mind I'm not not keeping a spreadsheet but yesterday for example I shook 0 hands and I was in 0 crowds and the only person I touched was Christina so I'm doing okay i-i've not stood and by the way have you noticed that everybody in public is squirrelly have you noticed that somebody says something says shut TF up common-law sucks and everyone knows that maybe some of you are new but on this periscope were allowed to say that somebody does things well but also does some other things not well if you can't handle that you're on the wrong periscope yeah the minimum requirement for being able to watch this periscope is that you have to be able to say that people are not all bad or all good and groups are not all bad or all good well okay there's probably some groups that are all bad but we don't talk about them too much so you know try to try to improve your games so that you can accept that people could be good at things and bad at other things it's the thing it really is NBA got cancelled all the rallies are canceled remember I told you yesterday that the president should have gone first because whoever goes first just looks like they're the smart one because you know it's all going to happen you might as well go first the weirdest just the weirdest story about this NBA cancellation is that that so there was one player Gobert gob TRT or is it Gobert this is again makes me feel like the simulation is winking at me that the guy who's in this story has Bert as the last part of his name go Bert anyway so he's a basketball player and prior to be prior to being tested and finding out that he is the first NBA player confirmed to have the coronavirus prior to testing this is the funny part before he was testing he's giving one of these little pressors where each of the players come out you know by themselves and talk to the press and he jokingly stands up and makes a joke about the corona virus and then in front of the cameras he jokingly touches all the microphones and all the places like he is joking that he's going to spread the corona virus to whoever comes next to the microphone he did that on camera joking and at the time he did it he didn't know he would be the first person tested to actually have corona virus what what is happening is the simulation is it just screaming at us to know that this is made up I'm just asking real was there was there one other basketball player that we could find a video footage video meaning you know that you actually see it in which they were joking about having the corona virus was there even one other player anywhere in the in the professional athlete world the only one who joked about it on camera is also the first one to be confirmed to have it what's happening how is that even possible somebody says he's pronounced Gobert which sound sounds correct all right so I think the the world of large social gatherings I could see two things happening you know I had always predicted that large gatherings would have to be canceled at least outdoor gatherings because of drones you know and teres just seems like that was obvious but maybe the the other reason will be pandemics and by the way it's officially a pandemic which changes nothing let's talk about the worst forms of loser think I'm seeing here and I mentioned one and I'm just a run through this list you've heard some of this but it's worth reminding you because you're gonna see so much of it one is that people are comparing Italy who's having all kinds of trouble with their hospitals their hospitals are overloaded with corona or woo woo Hardin virus patients and people are saying but don't worry about that Ascot because that's Italy you know Italy is not the United States we're not going to have that kind of problem they just have you know whatever lesser health care services or whatever now that's looser thinking here's why you do not compare or you should not rationally compare the Italian situation right now to any future American situation the the accurate and useful comparison is Italy now with the coronavirus versus Italy with a normal virus in other years with just the normal flu have their medical facilities ever been overrun and the answer is no so that's why you need to know that this virus is not like other viruses don't feel that you're safe because that's only going to happen to some country that has less resources or something because even in the top hospitals you know they're really high-end hospitals in Italy they're still having the same problem it has nothing to do with the quality of the medical care or or anything that's just a bad flu so first loser think is comparing other countries to us you should only compare those other countries to themselves in the past with a regular flu that's your best comparison now other people say Scott Scott Scott if you think this flu is bad explain to me why South Korea has already got apparently control on it so the number of new cases was declining to which I say that's the exception that proves the rule South Korea did what nobody else could do just massive testing and social distancing and fast acting and you know just really dramatic changes very quickly and it worked apparently or at least it worked in a sense of slowing it down I don't think we're gonna you know eradicate it right away but what you should learn from that is if you take drastic action you can slow it down that shouldn't tell you anything about what's happening in Italy because they didn't do that it's just a different situation and of course don't compare the regular flu to this flu because the regular flu has already run its course we know it's full numbers this one's just starting and the risk is that it ramps up faster than those other ones so understand the difference so those are the main things all right here's here's the more looser thank in the form of analogy this is from actor kamyelle Nanjiani i think he's the actor on Silicon Valley if I'm correct you might be a stand-up comedian too I'm not sure what he does anyway he offers this analogy about closing the flights to Europe he says from Europe he says trying to fight the coronavirus by limiting travel between Europe and the u.s.

is like trying to clean a coffee spill by washing the coffee cup so he's coming out it's actually a clever analogy so in terms of cleverness is an a-plus and it's basically a version of you know closing the barn door after the horse get out so basically it's just saying it's too late to which I say what what is wrong with your brain if there's new virus coming in from Europe all the time it's never too late it can't be too late if new virus is coming into the country and it's not already here in the same amount or worse so using an analogy of a coffee is so non-rational non-thinking craziness now do you what are the odds I didn't look at his biography but what are the odds that Kumail Nanjiani who's an actor by profession what did the odds that he also has a background in science or stem or economics probably low yeah unless he just thought it was funny I suppose and he knew it wasn't logical but it was funny can't rule that no here's another one another opinion and the funny part is who it comes from so I'll tell you the opinion first and then I'll tell you who it comes from okay so that's the fun part all right so this is from a tweet it says we're weeks past the point when suspending travel from Europe could have even remotely been seen as a strong major measure to prevent coronavirus spread and then the tweet goes on this is Steven Miller orchestrated xenophobic sleight of hand so that the real clever plan here is xenophobia and the tweet goes on we need solutions for the crisis we're facing at home right now all right so this is somebody who thinks we're weeks past the point when suspending travel from Europe would have been seen as a strong measure what I'm pretty sure everybody who was surprised by it last night thought it was a pretty strong measure what is good what would be a stronger measure the closing flight and closing travel from Europe which by the way a lot of Europeans are white just I'm just saying doesn't seem so racist so this is one of the dumbest effect if I'm being honest this is one of the dumbest lowest level of thinking and awareness I could ever see you've got this ongoing flow of problems and the president stopped it before anybody even thought it was on the table and this guy says they should have happened sooner which is literally a chapter in my book loser think if you look back a bed shelf no maybe it's not there anymore oh there it is it's this one it's called loser think you can't see it because the the light but there's actually a section in there where I'm talking about exactly this alright we're talking about exactly the fact that you can always say that something should have been sooner so that's actually a chapter in the book called loser think about bad ways of thinking is that no matter what you do and how good it is somebody's gonna say you should have done this sooner right because you could always do it sooner there's no exception to you should have done it sooner in the real world I mean hypothetically there could be you know in a in a technical sense but in the real world there's never an exception yep always could've done this sooner so that's the dumbest complaint because it's just universally true so who is this guy who makes the dumbest point in public without knowing it's so dumb you should not say this sort of thing in public what kind of job with this guy have in which he's so dumb and so I checked his a his profile and he was the communication and strategy for campaigns and candidates and he was the former national press secretary for Camilla Harris that's right the guy the guy who was part of the campaign that I had identified months ago as the worst really the worst campaign I've ever seen he was on that campaign and sure enough I had identified him as extra stupid from his tweet and then I looked to see where he works and I find that I had already identified that campaign as extra incompetent coincidence I don't know yeah his name is Ian Sam nothing that matters all right I think that's about what's going on I don't know what's happening with this Cabala Harris thing it's it's sort of weird because I feel like I I'll say ABC and then I'll watch right in front of me and people will say Scott why are you saying XYZ and I'll say well not I just said ABC and I reject XYZ and then within five seconds somebody will say but why do you love XYZ and I'll say I know what's happening what's happening no my view I'm come lares is that she's likely to be the vice president I don't think she is my first choice for anything but there you have it she's got some sub skills and she's got lots of issues that she needs to improve well why can't I say that what's wrong with that let me say so I'm seeing somebody in the comments used I think it was James Woods who tried to nickname calmly Harris as it heals up because she has some history of a relationship with Willie Brown politician in California that helped her a career both Willie Brown and she admit that's true and for me that's the end of the story you know what's all the people that once all the people who are involved said yeah that's kind of true that's true aren't we done I mean once you get people to say yeah that's totally true yeah my relationship yeah that helps they help my campaign aren't we done what else is there to say about that blaming people for things that they acknowledge is a true statement of fact should be the end of the story should be the end of the conversation I think I'm gonna start blocking people who say this guy has a crush on a oversee that's I saw that go by in the comments I'll give you one day of I'll give you one day of amnesty okay but after today you will be blocked for dumbness for accusing me of being in love with some female politician just because they're part of the conversation okay we can we can be a little better than that so we'll just block you going forward bit going that's Bitcoin just fell off the cliff this morning right but that you have to check it every five minutes good lord holy hell the stock market's really taking a dump huh Bitcoin is down to seven I'm sorry it's not down to seven I'm looking at a fund so that has a different pricing but it's down to 19% today so it looks like it's down to a new low Twitter down 9% Amazon down 4% well now all that I would refer you back to involves comment this is no time for panic selling but it looks like a lot of people are doing panic selling some somebody's testing me by saying Scott has a crush on a OC and your test was successful you got locked you love her blog a lot of people want to get blocked and why did I somebody says you said you'd never mentioned the racist a oversee but that was a lie did I ever say that if I did I didn't mean it did you see Pence's under for you I did not Dow's down mm yeah you know I just wanted to worry about the stock market honestly because it's gonna do what its gonna do and your share of stuff will be the same all right slaughter meter well the slaughter meter is in a state of flux right now you know if if the election were held today it would be a total slaughter and the president would win gigantically but there's so much happening with the corona virus and you know this is going to be a frothy year whatever problems we have we're gonna have new ones in the summer it's just that kind of year so nothing is predictable anymore but if the election were held today President Trump would win in a slaughter somebody says hope you took your money out I don't do that so market timing is not something I do so if you're doing market timing good luck some of you win some of you will get wiped out it's just not my thing somebody says you need to go to my interface that one huh but profile yeah blockers gonna block all right we're just looking at your comments you know if you don't follow mark Snyder on Twitter you really should because there's all kinds of stuff happening in the nuclear energy field and you could argue it's the biggest news in the world that doesn't get covered because what could be more important to the you know the hissing the future of civilization what could be more important than developing these new miniature nuclear power plants and you know we've got free safe clean energy that solves any risks that you might imagine from climate change and etc it's like the biggest story and almost every day there's a new story about something got funded something's going into a test site the government to prove something there's a ton of stuff happening in the nuclear energy field but I think all of it is in the getting ready for stuff you know kind of domain so that when stuff starts getting online it's gonna happen really quickly so in other words there's a point where you're not going to see anything tangible but there's just a ton of activity and that's what we're in right now for nuclear power but you're not gonna see the plants for I don't know maybe in five years people will start showing you pictures of the nearly completed plant and stuff but it's gonna happen quickly when it happens it's just not happening yet one of the weird things about this economy is that not everybody is going to be affected there will be businesses that that just do better I've been trying to game it out in my head like what's likely to happen because we've never seen a situation where everybody's stopped traveling for three months all right like I don't think we've seen that situation so we're all just guessing what happens now one thing that happens is a bunch of people save their money so for everybody who loses a paycheck and I hope we can figure out something to do about that because that's a pretty big problem a real big problem but for everybody who loses a paycheck for every small business that loses customers and there will be a lot of them I feel as though there may be an equal number of people who still get their paycheck just like always even if their employer is not doing so well you know they're not losing money yet so let's look at their paycheck and they won't be spending as much so you have this weird situation where there's a whole bunch of people who are just by luck we're not affected they get the paycheck and they don't spend as much so they're building up their a little savings account all other people are suffering what happens the day things you know let's say when things go back to normal what happens with the people who have extra money do they spend it extra fast or does it become part of their permanent savings if the people who actually gained money during this and I might be one of them by the way so I'm a perfect example as far as I know at least in the short run my income will be roughly the same because you know at least for the next three months everything was sort of in the pipeline and most newspapers will still be in business and and all that so at the end of three months I will have saved a bunch of money that I normally would have spent I would have traveled I might have bought more stuff I would have gone out more I would have gone out to restaurants more what happens to that money now in my case you know maybe I have enough money so it doesn't make any difference in the world but it could be half of the country has extra spending that's pent up and they've been locked in their houses for three months so you might see a pouring of spending like we've never seen before just because it's possible you know the the people who are living paycheck to paycheck let's say as a server for a restaurant they weren't going on big expensive vacations anyway so that for them the job is to survive you know to to to bite the basics but there are a lot of people who are going to have some extra cash and they're going to spend like crazy when unless they just put it into the stock bar which is also possible oh by the way all that cash that came out of the market that's got to go somewhere right people people don't sit on cash in the long run it's not a thing nobody does it won't happen so all of that like trillions and trillions of dollars that just people took out of the market they parked it somewhere where's it going it doesn't disappear it just moved and as long as it's still there it's gonna move back when these do so here's the the long story short that you're gonna see a recovery that happens so fast it'll make your head snap so anybody who's not in the market when the turnaround happens because it's probably gonna be like you know just two or three days the whole world is gonna say well it's back its back its back get in get in get in so when it turns back up you're gonna miss a lot of gain as it goes up so it's not the time I would be out of the market but I'm not giving you financial advice that's all I got for now oh I'm overtired let's let's go go back to our day and you have a good day

don't undercut them dumb pom pom pom pom

pom pom pom pom pom pom I like that turn

on Studio hey everybody it's time for

coffee with Scott Adams the best part of

the day I think you'd agree it's pretty

obvious really hello dr. Burris

hello the rest of you jack good to see

you come on in here it's time for the

simultaneous it but all you need is a

cup of our glass of tanker chelators

sign in the canteen trigger flask a

vessel of any kind fill it with your

favorite liquid I like coffee enjoy me

now for the oven care of a little

pleasure the dopamine of the day the

thing that makes everything including

the Wuhan virus better it's called the

simultaneous if it happens now go hmm

so as I often do I was watching myself

in replay so I I play back my periscopes

now and then just to see what it looks

like and see if I could make it better

and I gotta tell you one of the that one

of the systems you should implement in

your life and it really really helps you

understand yourself is making a real

concerted effort to monitor your

personality after certain conditions

have changed so for example monitor your

personality after you've had a good

night's sleep and then compare it to a

bad night's sleep you get to see a

difference

hungry versus not hungry and as you all

know I've mentioned it I'm coming off of

a prednisone so I had some prednisone

for some sinus stuff and it completely

changes my personality and so I noted

before I take it so that I could watch

myself like an observer which is really

hard

because when is you you don't really

feel like you're observing yourself

you're just you but you can do it if you

practice so I've been watching myself

sort of objectively to see if I turned

into a different personality

I'm prednisone and when I watch myself

on the playback I really did

so you know I'm on the tail end in it

now so we should be normalizing but as I

was watching myself I thought I don't

think I'd watch that guy he seems kind

of some kind of intense and angry and a

little belligerent so my judgment of

myself is that I was a little

belligerent yesterday and a little bit

unkind I was definitely hard on the

president I doubt I've ever been harder

on Trump than I have this week I think

you'd probably agree let's talk about

all that stuff anyway so it's a good

it's just a good technique to learn to

watch yourself objectively and say hey

is that my normal personality is that or

is that because of the meds I'm on or I

didn't get enough sleep or something all

right there's a whole bunch of stuff

happening number one I understand that

the Chinese government really really

really hates it when you call this any

kind of a Chinese flu or or the the

Wuhan virus now once I learned that the

Chinese government really hates it

wouldn't you call the virus that I

decided that from now on I'll only call

it the Wuhan virus now I don't love

calling it any kind of a Chinese virus

because Chinese refers to you know

variously the country the people etc and

that's a little close to to making a you

know an accidental racist sounding

statement but Wuhan is literally the

name of government gives a piece of real

estate so that to me feels like more

government and it's the government of

China that I eat with the passion the

people are quite awesome in fact

let me thank the people of China right

now the the people of China as opposed

to the government who sacrificed a lot

to slow this virus down and you guys did

a great job for the for the world

certainly the people working on

containing it in China were not the

people responsible for releasing it if

anybody is responsible who knows where

it came from but the Chinese people a

plus plus plus and the big thank you for

the sacrifice that you guys did because

I know you were fighting for your own

lives and for your families and for your

own country but it helped the world as

well so thanks and it looks like things

are or may be slowing down over there so

Chinese really getting handle on it in

these times of national not national

global crisis it's good to take stock of

the more sober-minded

among us so leadership leadership sort

of bubbles up where you don't expect it

you see this in a whole bunch of

different ways people are just sort of

stepping up and taking a position on the

Wuhan virus taking a position meaning

they're there saying what could I

uniquely do that would help you know

what's what's the thing that I can do

that's my skill set and you see me doing

it as best I can

I was just noticing on Twitter that

famous I'd never know what to call him

because he's so many things but among

others an evolved raava comte is a

famous investor an adviser of startups

and things like that now you wouldn't

probably wouldn't call himself that but

but within his talent stack there's this

tremendous range of investment business

understanding and so he he tweets I

think it was last night he said current

market panic feels overblown now when

somebody like navall says that it means

more right so if the smartest most

experienced people are saying

the market looks overblown they're

saying it for a reason they're saying it

for a reason because the economy is a

psychology machine and the people who

understand that and have important

positions you know in the world where

they can say look I'm experienced listen

to me on this topic that's what they've

all saying he's saying the current

market panic feels overblown this is a

short-term shock Asian countries show

social distancing assisted by

seasonality and

endure on flu that's my work works

headlines will worsen as mass testing

begins so in other words it's going to

look worse just because we're

discovering more of it as we get better

at testing he says take it seriously for

yourself wear masks for others don't

panic trade he says I don't so don't do

panic training so you know that all

saying that I'm not a big fan of it but

you know there's there's nothing to fear

but fear itself

which every president said that Rozelle

and this is one of those cases where

that's purely true the only thing that

would destroy that you know the

financial markets is bad thinking so if

we if we just decide to be too afraid

well we'll go I'll go you know basically

run off a cliff together but it takes

people like Duvall and I hope that my

voice adds to this a little bit to say

this is temporary because it is I would

say the one thing that you could bet on

with the greatest certainty of anything

you've ever bet on is that it's

temporary most things are and so we'll

be fine

just keep your psychology strong this is

not the time to panic sell and I find

that a helpful message so when people

when people of that station tell you to

relax that means something and that's

helpful

so there was a apparently a fascinating

interaction last night on CNN where Don

Lemon was interviewing John Kasich no

cases of course is no fan of President

Trump but he is a moderate Republican

and lemon was trying to get John Kasich

to say bad things about Trump's national

address last night about the war on

virus and cases wouldn't do it it cases

basically said yeah I was pretty good

yeah it was 98 percent okay yeah I mean

he had to clarify a few things big deal

he was reading it from a teleprompter so

obviously it was prepared and all the

right people saw it and everything and I

guess Don Lemon was flipping out because

he couldn't get the cases to say

something bad about Trump in a crisis

now I don't think I've ever liked John

Kasich better than last night so much so

that I thought if he had you know if he

had rear edge' stirred as a Democrat and

just ran as a Democrat I mean he to have

a shot because he is a completely

reasonable level by the guy who has

never been crazy and I appreciated him a

lot last night just sticking up for the

fact that the the president's addressed

and I'll give my own criticisms so I'm

not I'm not agreeing with cases his view

I just appreciate the independence of it

the fact that he wasn't going to take

aside during a crisis when he's so cute

he so easily could have you know

criticized the president because he's

criticized the president a lot right

it's not like Kasich doesn't know how to

criticize the president he knows how but

he chose during this panic not to

nitpick I was something that wasn't

worth picking out so good job John

Kasich appreciate the leadership here's

a question for you

um none of this is going to be in any

particular good order today but why

don't we know more about ventilators

here's the here's my question for the

news media and I would actually like you

you

newsmedia 270 reporter somewhere you

know seven somebody out and get a report

on us who is making our ventilators and

how and how quickly are we ramping up

why is that not the biggest story

because it's the most crucial piece of

equipment the thing that will be most

in-demand if if things crest the way we

think they will but who makes them do we

even make them in the United States are

they hard to make if we wanted to

suddenly go from you know making a

hundred a week to ten thousand a week

could we do it I don't know

so you know in World War two one of the

most amazing things was that the United

States industry just sort of immediately

transitioned into making tanks of the

war materials etc and dinner pretty

quickly I don't know what quickly means

in that context but it was quick so

here's a question I ask you how close

are we in terms of you know the totality

of Technology from robots to 3d printers

to - you name it how close are we to

spinning up a factory to make a product

that's let's say robot run starting from

scratch like how quickly could we build

even if it's a temporary facility you

saw trying to build these entire

hospitals temporary hospitals but they

built have been like a week what what

would it take for the United States with

all of its resources in an emergency to

spin up a robot manufacturing facility

for ventilators because you know you

could skip a lot of safety stuff you

know it's a temporary building it's an

emergency use wave all the red tape out

of the way so if you got rid of all the

red tape what could the best engineers

with unlimited resources of the federal

government highest priority working day

and night how fast could we do it and

why don't we have because somebody's

doing it right now right I mean somebody

is making more ventilators I think

right nobody's making new ventilators I

believe they are and how about if you

wanted people to help suppose it's a

suppose it's an assembly line situation

do you think you could find enough

people to work on the assembly line

temporarily to make these ventilators

yeah of course

unlimited labor you want labor to make

to assemble ventilators you got it I'll

do it

yeah I'll volunteer tomorrow I'll make

you some ventilators it's an emergency

of course you have all the labor you

want so you have all the money all the

labor all the knowledge how fast could

we put them together and why isn't the

news showing us videos of the people

we're actually doing that I have a real

curiosity about that because it seems

like the main there might not be

anything that's more important in the

end that's what's going to keep people

alive I think all right I I was pretty

disgusted watching the news last night I

don't know if this is the Preta so I'm

still talking so here here's one of

those points where I have to catch

myself and I say all right is the next

thing that comes out of my mouth because

I know what it is you don't this is the

next thing that comes out of my mouth

was that my normal personality

I don't really know it doesn't feel like

it it feels a little more aggressive

than normally I would be but I'm gonna

do it anyway I've been trying to figure

out why there's so much looser think on

social media more than usual and

specifically around the the Wuhan virus

and I thought at first I thought to

myself oh it's just because I'm noticing

it more because there's a new topic for

people to be doubled about so I'm just

you know tuned to it so I'm just

noticing it more but there was a

similarity to it that I kept saying to

myself why why is there this weird

similarity to the things people are

saying that don't make sense and

unfortunately I I found the source

I found the mothership here's what I'm

talking about

I keep seeing people

comparing the Wuhan virus to regular flu

death rates and people will say well a

regular flu death rate is tens of

thousands a year the Wuhan virus has

only killed a few relative to that there

you go

and I and every time somebody does that

I just say to myself stop it stop it

the stupidity is crowding me stop

comparing the wrong things who compares

a problem which by its nature is going

to be your logarithmically exponentially

increasing but it's just starting who

complain compares that to something

that's already run its full course

well not smart people smart people do

not compare a regular virus that's

already done a full year of killing

people just something that just started

because wouldn't you expect the regular

flu would be a big number because it's

already done and the new one is just

article who compares those who is who is

so dumb to say that in public

over and over again besides the

President of the United States sorry

sorry the president did the same thing

I'm not going to give them I'm not going

to give them a pass on that and then I

turn on TV last night to Fox News and

I'm watching Sean Hannity say that and I

thought to myself well Sean you're a

smart guy you know it's good context to

say the regular flu kills as many I

think that's good to know I'm happy that

people are reporting that but that he

says and wuhan flus you know when we

killed this many and then I'm waiting

for Sean say but it's just starting so

you shouldn't compare something just

starting to something that's already

done so I'm waiting for Sean to say that

and then he changes the topic he keeps

talking I'm like okay well maybe he'll

circle back to it

and then he doesn't he

and I'm thinking that's where this

is coming from that's where it's coming

from

it's coming from Fox News I read an

article last night who was it was it

Margaret all of it or something

who said that it would save lives if if

Rupert Murdoch would bear down on Fox

News and tell him to stop saying

basically that and when I read that I

thought come on you know this this is

just inside baseball and you know it's

not going to save lives if Fox News

reports things differently and then I

watched Sean Hannity shell and I thought

I know I agree with that I agree with

that if if Rupert Murdoch wants to be

responsible and during this crisis he

should talk to Sean Hannity and tell him

to stop doing that he should actually

just say look I'm the boss it's an

emergency

normally I don't bother you you know you

do your show that's our deal it's not my

opinion that's your show it's your

opinion Sean Hannity but stop comparing

it to the flu and then stopping it's

fine to compare it to the normal flu and

say but people were just starving so you

know this new one is ten times more

dangerous we think it could be in you

know far bigger than a regular flu that

would be great but Sean Hannity I think

you need to raise your game a little bit

for for the the greater good I'm not I'm

not going to put this because it's an

emergency I don't like to be hard on

people I'd rather that I would coerce

people to be on the same side so Sean

Hannity and by the way I'm a huge

admirer of Sean Hannity's skill stack I

think I've talked about that before if

you look at the number of skills that

Sean Hannity puts together to do what he

does it's it's jaw-dropping I mean he

has a lot of skills that that fit

together really well but I don't think

one of them is economics as far as I

know I don't think it is

and economists and scientists are better

at comparing things and I think because

it's a national emergency and people do

mean to take this seriously I think that

Sean Hannity I would like to ask you

directly to you can still be obviously

it's still helpful to say that normal

flu kills a lot of people but put it in

context please please I mean it's an

emergency we need to have the the best

information out there we can all right

so here's some other we'll talk about

the president's address and well

actually let me talk about it now

so it's a political season so it's

impossible to separate the politics from

any of the stuff even though we should

here was my take on the president's

address first of all it was somber but

low-energy I don't know I heard a lot of

people say they loved it because it was

the right tone it's it's very weird to

watch Trump

be low-energy and read off a

teleprompter because you can tell he's

not in his comfort zone my take on it

was it was fine in terms of the

presentation it was fine it wasn't great

and he's capable of being great but fine

was all we needed we just needed a we

just needed to hear from the president

we needed to to feel like he's in charge

taken seriously he had all those notes

so I would say there was I didn't see

anything I would criticize in it but it

wasn't a home run or anything it just

was a just a good solid presidential

speech but interestingly he decided to

close traffic to Europe air traffic now

here's the here's the way I think you

should look at Trump's performance

because none of us are really good at

evaluating presidents we were not we

think we are we all think we're geniuses

and evaluating presidents and I'm no

different but we're not good at it and

it's good to keep that in mind one of

the reasons that we're not good at it as

we forget

that the valid comparison would be this

president in this situation versus a

different president but the same

situation and that can't be evaluated

because there is no way to evaluate a

different president in this same

situation that can't be done so all you

know is how one person did it and then

you imagine how it could have been done

differently and you end up comparing

your imagination of how it could have

been done differently to what was

actually done and that's not a valid

comparison because your imagination is

not some kind of standard to which all

things can be compared that said here's

a good way here's a useful way to break

out you know your opinion there aren't

that many parts of this emergency that

the president actually does the

president is one of the least important

people in the emergency I know that's

weird but he's actually bordering on

irrelevant and when I say that that as

soon as he does the right things those

are the small things he does are right

so he needs to focus the country's

attention done I'd say 100 percent

effective he needed to do the things

that only a president can do such as

closing the traffic from China and now

closing it from Europe I would say that

he did those aggressively and decisively

and I give him an A for full grades for

doing the things the president can do

specifically just the president's job

then he asked for a two and a half

billion Congress said it's gonna be

closer to eight and a half he said

that's fine and I'll take it you know

you could argue he should have asked for

the Hayden they have first but I don't

take that's just small ball in the real

world if you've ever done anything

important in the real world a situation

like this is not aim fire hit the target

that's not the world where we're in the

world of aiming wildly in the general

direction because it's an emergency you

shoot you see how far off you were you

adjust so we're in the world we're in is

a take a shot adjust take a shot adjust

adjust

adjust adjust it's an adjustment world

it's not it's not a laser focused hit

the target world and so when I see the

president asks for two and a half

million but then Congress says no we're

smarter it's eight and a half billion

nine and a half whatever it is you know

let's adjust happen quickly happen

without any friction right there was no

friction to the adjustment so as long as

you're seeing people take a shot and

then adjust quickly that's everything

you can hope for that's it that's your

government working exactly the way you

wanted to adjust adjust adjust so the

things that the president can do I think

he nailed like the decision as the

president does he put the money there he

got the right person gave it the right

attention did the presidential address

close the airports early those are all

the things he can do beyond that his

messaging I thought was poor but also

irrelevant because as long as he's

willing to say blah blah blah here's

what I think now let's listen to my

expert and I think it's entirely obvious

that dr. Fauci correct me if I'm wrong

but it seems to me that the the experts

that the president has chosen are strong

personalities who understand the nature

of the threat I believe dr. Fauci and

probably the others would stand right

next to the president in public and

contradict him because they have right

now would a plain political person

contradict the president if they were on

the same party while standing in front

of him in public

well not so readily you know a lot a lot

less likely but I think these

professionals are different cats when

you when you listen to foul see speak

there's nothing political there there is

nothing nothing and that's hard to do I

mean he is so foul C is so clear of

political even vibration that

I put a lot of credit in that guy so I'm

I have complete trust that the experts

are telling the president why what needs

to be told

doing the things that need to be done

and and when they do it wrong they're

adjusting so one of the things that was

wrong was the test kits how much and how

to know what the details were but the

early testing stuff was too little

didn't work too late whatever so there

are questions to be answered there but

you know was the President of the United

States aware that we didn't have enough

test kits

well no but of course the the buck stops

at the top so they're adjusting but here

to the same story I said with the

ventilators we should know about the

test kits I'd love to see the news

reports actually standing in the factory

floor watching the people try to

scramble to make more test kits than

they've ever made before I want to see

that process and maybe there's something

we could add to it right did they need

labor do they need funds do they need

expertise does they need me to call

somebody we can make something happen

faster I'd help anyway so I thought the

president's presentation was adequate

hit all the notes any complaining about

it would not be substances the

substantial so I think we're on the

right track and I agree with navall that

that the beauty of this problem is that

it has a timer on we know with a very

high degree of certainty because the

Chinese and South Korean experiences we

know that we can get a hold of this we

know it'll be hard but we know we can do

it so let's treat it like a short-term

thing that it is I saw Mike sort of itch

noted that if everybody starts doing

online education if the colleges stay

closed for a while or maybe even the

schools the lower lower schools people

might find out that they like online

education better and they might

that's definitely a possibility you have

some other unintended consequences that

are starting to form one is that I think

telemedicine might have a resurgence you

know it's already growing but I think

telemedicine will get a big boost so

you'll see that and I think you'll see

online shopping for groceries just

become a thing I just tweeted I think I

tweeted it or liked it I forget a story

that broke my heart

today so I'm gonna tell you to break

your heart there's a woman who's

tweeting was telling the story a young

woman she was in the grocery she was in

the parking lot of her grocery store and

she heard somebody yelling from inside a

car and it was two elderly people who

were inside the car they they cracked

the window open and apparently they've

been sitting in the car for 45 minutes

trying to yell to passers-by that they

were afraid to get into their car and go

in public to shop for groceries they

didn't have food and they were yelling

to people to help them apparently they

didn't have much of a social whole

family support system so these two

elderly people went there and sat in

their car and yelled through a crack in

the window and finally this woman said

she'd buy him some groceries so they so

they put down some money and a shopping

list and so she shopped for some things

and putting put them in her trunk now

there might be a lot more of that going

on there might be a lot more seniors who

are panicked and don't don't have the

capacity to get through this the best

way so I would say if you know anybody

you know in that over 70 age group you

might want to check up on them and one

way to help them might be to set up some

online grocery shopping and maybe you

have to do it for them but just have

their address and their credit card on

it so the food will be delivered to them

directly so I don't know how to help the

old people in your life but put some

work into it so figure out who is your

most vulnerable person in your circle

figure out what you can do to help them

because this will harden virus is not a

spectator sport as I say this is this is

all of us this is all of us doing

different things and you're gonna have

to help out some elderly people tom

hanks and his wife apparently have the

Karuna virus there in Australia doing a

movie and it's reported that they have

it their symptoms are mild but here's

the thing that got me a little close to

home so Tom Max is 63 years old and

reportedly somebody will have to confirm

this

he has type 2 diabetes is that true

and that's one of the top risk factors

so he's over 60 that's a risk factor and

he has a special condition

I'm sure it's well well treated and

monitored and he would have you know

obviously the finest healthcare but

here's why this scares me in particular

I'm gonna be 63 his exact age and I also

have a risk condition in my case asthma

and so I'm watching Tom Hanks like he's

the canary in the coal mine for me so if

if Tom Hanks survives and he's still

alive in a month I'm gonna feel a lot

better about myself selfishly speaking

I'm sort of using it as my my surrogate

if he survives the crow to virus I'm

pretty sure I can because you know he's

a very healthy 63 I've been very healthy

63 except for that one one issue now of

course my problem is is is a lung

problem so I probably have higher risk

if we are checking our prediction models

I would like to check mine for you

number one did you see the video of

Kamala Harris and Joe Biden together in

which they they pretend they're doing an

endorsement and calmly says she's

endorsing Biden and then they do a

staged artificial conversation after the

F

the director yells cut in which Kabbalah

talks about her I guess her supporters

are called the K hive for comma K hive

and Joe Biden talks directly to them in

hopes that they will support him in his

campaign but the the actual most

interesting part of the little video

because we know that the Democrats are

lighting up behind Biden so that's not

surprising but the part of the video

that is most interesting is their

chemistry watch watch the if you have a

chance watch it or watch it again watch

the chemistry between Camilla Harris and

Joe Biden it's really good it's actually

really good to me anyway I mean I

suppose I could be fooled by it but from

an observers perspective they look

actually like a good pair like they have

some genuine affection and apparently

the back story is that they do because

Carla was apparently very close with

Beau Biden and therefore Joe Biden so I

think Coble is gonna be at best

prediction that I ever made because as

vice president she would be as

effectively the presidential candidate

but here's another one so I think it was

the fact-checking me on this but I think

I'm right on this it was January 28th

that President Trump called for the ban

on travel to China January 28th on

January 24th most of you watched me go

absolutely crazy on periscope yelling

that we should close the borders so

that's a four-day different so January

24th

I was aggressively calling for the

Chinese travel to stop and when I said

it I don't know if anybody else had

somebody says Wow Scott you love that

Harris lady don't you apparently you're

new here nobody has criticized cobbler

Harris more than I have but that doesn't

change the fact that demographically

she's a good fit for the the ticket and

it doesn't change the fact that she has

real

good chemistry with Joe Biden they have

you know honestly let's look at this way

if you assume the Joe Biden has some

declining rental situation there who do

you want is the vice president do or

somebody that he picked who is just some

governor that he doesn't have any

connection with that just fits well

within the ticket but wouldn't have any

special connection to him that would be

kind of dangerous wouldn't it because if

if the risk that you're looking at is

that Joe Biden might be you know not

fully able to complete it a term as

president you want that vice president

to not just be capable of taking over

the job but you want them to have a

really good connection with the boss

because that's a delicate conversation

and it might not be a case of where a

medical doctor says okay I'm calling the

I'm calling it I'm a medical doctor you

know we need to replace the president

but I don't know if you wait for that

you want somebody who's close enough to

the president to say in a private in a

private conversation you know Joe you

saw what you did yesterday I'm worried

about it I think we ought to have a

serious conversation about this I think

kamo Harris might be close enough to him

personally that she could have that

conversation I don't know if a governor

could just some random vice president he

picks because it fits good on the ticket

so I think she's a guarantee anyway so

what I'm going to say about I called for

the travel ban on January 24th the

president did it on the 28th he's being

praised for doing it early I would like

to add this to my correct predictions

even though it wasn't in the form of a

prediction because I I don't know if

anybody in the country said it before I

did can anybody confirm that for me was

there was there any public person I'm

sure there were private individuals

plenty of them but was anybody in public

calling for the Chinese travel to be

shut down completely before I did on

January 24th

let me know because I'd like to feel

like I was a constructive voice in that

but there's no way to really know all

right let's see how's the social

distance incoming for all of you I've

just sort of track my social distancing

you know putting numbers on it I'm doing

it in my mind I'm not not keeping a

spreadsheet but yesterday for example I

shook 0 hands and I was in 0 crowds and

the only person I touched was Christina

so I'm doing okay i-i've not stood and

by the way have you noticed that

everybody in public is squirrelly have

you noticed that somebody says something

says shut TF up common-law sucks and

everyone knows that maybe some of you

are new but on this periscope were

allowed to say that somebody does things

well but also does some other things not

well if you can't handle that you're on

the wrong periscope yeah the minimum

requirement for being able to watch this

periscope is that you have to be able to

say that people are not all bad or all

good and groups are not all bad or all

good well okay there's probably some

groups that are all bad but we don't

talk about them too much so you know try

to try to improve your games so that you

can accept that people could be good at

things and bad at other things it's the

thing it really is

NBA got cancelled all the rallies are

canceled remember I told you yesterday

that the president should have gone

first

because whoever goes first just looks

like they're the smart one because you

know it's all going to happen you might

as well go first the weirdest just the

weirdest story about this NBA

cancellation is that that so there was

one player Gobert gob

TRT or is it Gobert this is again makes

me feel like the simulation is winking

at me that the guy who's in this story

has Bert as the last part of his name go

Bert anyway so he's a basketball player

and prior to be prior to being tested

and finding out that he is the first NBA

player confirmed to have the coronavirus

prior to testing this is the funny part

before he was testing he's giving one of

these little pressors where each of the

players come out you know by themselves

and talk to the press and he jokingly

stands up and makes a joke about the

corona virus and then in front of the

cameras he jokingly touches all the

microphones and all the places like he

is joking that he's going to spread the

corona virus to whoever comes next to

the microphone he did that on camera

joking and at the time he did it he

didn't know he would be the first person

tested to actually have corona virus

what what is happening is the simulation

is it just screaming at us to know that

this is made up I'm just asking real was

there was there one other basketball

player that we could find a video

footage video meaning you know that you

actually see it in which they were

joking about having the corona virus was

there even one other player anywhere in

the in the professional athlete world

the only one who joked about it on

camera is also the first one to be

confirmed to have it what's happening

how is that even possible

somebody says he's pronounced Gobert

which sound sounds correct all right so

I think the the world of large social

gatherings I could see two things

happening you know I had always

predicted that large gatherings would

have to be canceled at least outdoor

gatherings because of drones

you know and teres just seems like that

was obvious

but maybe the the other reason will be

pandemics and by the way it's officially

a pandemic which changes nothing let's

talk about the worst forms of loser

think I'm seeing here and I mentioned

one and I'm just a run through this list

you've heard some of this but it's worth

reminding you because you're gonna see

so much of it one is that people are

comparing Italy who's having all kinds

of trouble with their hospitals their

hospitals are overloaded with corona or

woo woo Hardin virus patients and people

are saying but don't worry about that

Ascot because that's Italy you know

Italy is not the United States we're not

going to have that kind of problem they

just have you know whatever lesser

health care services or whatever now

that's looser thinking here's why you do

not compare or you should not rationally

compare the Italian situation right now

to any future American situation the the

accurate and useful comparison is Italy

now with the coronavirus versus Italy

with a normal virus in other years with

just the normal flu have their medical

facilities ever been overrun and the

answer is no so that's why you need to

know that this virus is not like other

viruses don't feel that you're safe

because that's only going to happen to

some country that has less resources or

something because even in the top

hospitals you know they're really

high-end hospitals in Italy they're

still having the same problem it has

nothing to do with the quality of the

medical care or or anything that's just

a bad flu so first loser think is

comparing other countries to us

you should only compare those other

countries to themselves in the past with

a regular flu that's your best

comparison now other people say Scott

Scott Scott if you think this flu is bad

explain to me why South Korea has

already got apparently control on it so

the number of new cases was declining to

which I say

that's the exception that proves the

rule South Korea did what nobody else

could do just massive testing and social

distancing and fast acting and you know

just really dramatic changes very

quickly and it worked

apparently or at least it worked in a

sense of slowing it down I don't think

we're gonna you know eradicate it right

away but what you should learn from that

is if you take drastic action you can

slow it down that shouldn't tell you

anything about what's happening in Italy

because they didn't do that it's just a

different situation and of course don't

compare the regular flu to this flu

because the regular flu has already run

its course we know it's full numbers

this one's just starting and the risk is

that it ramps up faster than those other

ones so understand the difference so

those are the main things all right

here's here's the more looser thank in

the form of analogy this is from actor

kamyelle Nanjiani i think he's the actor

on Silicon Valley if I'm correct you

might be a stand-up comedian too I'm not

sure what he does anyway

he offers this analogy about closing the

flights to Europe he says from Europe he

says trying to fight the coronavirus by

limiting travel between Europe and the

u.s. is like trying to clean a coffee

spill by washing the coffee cup so he's

coming out it's actually a clever

analogy so in terms of cleverness is an

a-plus and it's basically a version of

you know closing the barn door after the

horse get out so basically it's just

saying it's too late to which I say what

what is wrong with your brain if there's

new virus coming in from Europe all the

time it's never too late it can't be too

late if new virus is coming into the

country and it's not already here in the

same amount or worse so using an analogy

of a coffee

is so non-rational non-thinking

craziness

now do you what are the odds I didn't

look at his biography but what are the

odds that Kumail Nanjiani who's an actor

by profession what did the odds that he

also has a background in science or stem

or economics probably low

yeah unless he just thought it was funny

I suppose and he knew it wasn't logical

but it was funny can't rule that no

here's another one another opinion and

the funny part is who it comes from so

I'll tell you the opinion first and then

I'll tell you who it comes from okay so

that's the fun part all right so this is

from a tweet it says we're weeks past

the point when suspending travel from

Europe could have even remotely been

seen as a strong major measure to

prevent coronavirus spread and then the

tweet goes on this is Steven Miller

orchestrated xenophobic sleight of hand

so that the real clever plan here is

xenophobia and the tweet goes on we need

solutions for the crisis we're facing at

home right now all right so this is

somebody who thinks we're weeks past the

point when suspending travel from Europe

would have been seen as a strong measure

what I'm pretty sure everybody who was

surprised by it last night thought it

was a pretty strong measure what is good

what would be a stronger measure the

closing flight and closing travel from

Europe which by the way a lot of

Europeans are white just I'm just saying

doesn't seem so racist so this is one of

the dumbest effect if I'm being honest

this is one of the dumbest lowest level

of thinking and awareness I could ever

see you've got this ongoing flow of

problems and the president stopped it

before anybody even thought it was on

the table and this guy says they should

have happened sooner which is literally

a chapter in my book loser think if you

look back a bed shelf no maybe it's not

there anymore oh there it is it's this

one it's called loser think you can't

see it because the the light but there's

actually a section in there where I'm

talking about exactly this alright we're

talking about exactly the fact that you

can always say that something should

have been sooner so that's actually a

chapter in the book called loser think

about bad ways of thinking is that no

matter what you do and how good it is

somebody's gonna say you should have

done this sooner

right because you could always do it

sooner there's no exception

to you should have done it sooner in the

real world I mean hypothetically there

could be you know in a in a technical

sense but in the real world there's

never an exception yep always could've

done this sooner so that's the dumbest

complaint because it's just universally

true so who is this guy who makes the

dumbest point in public without knowing

it's so dumb you should not say this

sort of thing in public what kind of job

with this guy have in which he's so dumb

and so I checked his a his profile and

he was the communication and strategy

for campaigns and candidates and he was

the former national press secretary for

Camilla Harris that's right the guy the

guy who was part of the campaign that I

had identified months ago as the worst

really the worst campaign I've ever seen

he was on that campaign and sure enough

I had identified him as extra stupid

from his tweet and then I looked to see

where he works and I find that I had

already identified that campaign as

extra incompetent coincidence I don't

know yeah his name is Ian Sam

nothing that matters all right I think

that's about what's going on I don't

know what's happening with this Cabala

Harris thing it's it's sort of weird

because I feel like I I'll say ABC and

then I'll watch right in front of me and

people will say Scott why are you saying

XYZ and I'll say well not I just said

ABC and I reject XYZ and then within

five seconds somebody will say but why

do you love XYZ and I'll say I know

what's happening what's happening no my

view I'm come lares is that she's likely

to be the vice president I don't think

she is my first choice for anything but

there you have it she's got some sub

skills and she's got lots of issues that

she needs to improve well why can't I

say that what's wrong with that let me

say so I'm seeing somebody in the

comments used I think it was James Woods

who tried to nickname calmly Harris as

it heals up because she has some history

of a relationship with Willie Brown

politician in California that helped her

a career both Willie Brown and she admit

that's true and for me that's the end of

the story you know what's all the people

that once all the people who are

involved said yeah that's kind of true

that's true

aren't we done I mean once you get

people to say yeah that's totally true

yeah my relationship yeah that helps

they help my campaign aren't we done

what else is there to say about that

blaming people for things that they

acknowledge is a true statement of fact

should be the end of the story should be

the end of the conversation I think I'm

gonna start blocking people who say this

guy has a crush on a oversee that's I

saw that go by in the comments I'll give

you one day of

I'll give you one day of amnesty okay

but after today you will be blocked for

dumbness for accusing me of being in

love with some female politician just

because they're part of the conversation

okay

we can we can be a little better than

that so we'll just block you going

forward bit going

that's Bitcoin just fell off the cliff

this morning right but that you have to

check it every five minutes

good lord holy hell the stock market's

really taking a dump huh Bitcoin is down

to seven I'm sorry it's not down to

seven I'm looking at a fund so that has

a different pricing but it's down to 19%

today so it looks like it's down to a

new low Twitter down 9% Amazon down 4%

well now all that I would refer you back

to involves comment this is no time for

panic selling but it looks like a lot of

people are doing panic selling some

somebody's testing me by saying Scott

has a crush on a OC and your test was

successful you got locked you love her

blog a lot of people want to get blocked

and why did I

somebody says you said you'd never

mentioned the racist a oversee but that

was a lie did I ever say that if I did I

didn't mean it

did you see Pence's under for you I did

not

Dow's down mm yeah you know I just

wanted to worry about the stock market

honestly because it's gonna do what its

gonna do and your share of stuff will be

the same all right

slaughter meter well the slaughter meter

is in a state of flux right now you know

if if the election were held today it

would be a total slaughter and the

president would win gigantically but

there's so much happening with the

corona virus and you know this is going

to be a frothy year whatever problems we

have we're gonna have new ones in the

summer it's just that kind of year so

nothing is predictable anymore but if

the election were held today President

Trump would win in a slaughter

somebody says hope you took your money

out I don't do that so market timing is

not something I do so if you're doing

market timing good luck some of you win

some of you will get wiped out it's just

not my thing somebody says you need to

go to my interface that one huh but

profile yeah blockers gonna block all

right we're just looking at your

comments you know if you don't follow

mark Snyder on Twitter you really should

because there's all kinds of stuff

happening in the nuclear energy field

and you could argue it's the biggest

news in the world that doesn't get

covered because what could be more

important to the you know the hissing

the future of civilization what could be

more important than developing these new

miniature nuclear power plants and you

know we've got free safe clean energy

that solves any risks that you might

imagine from climate change and etc it's

like the biggest story and almost every

day there's a new story about something

got funded something's going into a test

site the government to prove something

there's a ton of stuff happening in the

nuclear energy field but I think all of

it is in the getting ready for stuff you

know kind of domain so that when stuff

starts getting online it's gonna happen

really quickly so in other words there's

a point where you're not going to see

anything tangible but there's just a ton

of activity and that's what we're in

right now for nuclear power but you're

not gonna see the plants for I don't

know maybe in five years people will

start showing you pictures of the nearly

completed plant and stuff but it's gonna

happen quickly when it happens it's just

not happening yet one of the weird

things about this economy is that not

everybody is going to be affected there

will be businesses that that just do

better I've been trying to game it out

in my head like what's likely to happen

because we've never seen a situation

where everybody's stopped traveling for

three months all right like I don't

think we've seen that situation so we're

all just guessing what happens now one

thing that happens is a bunch of people

save their money so for everybody who

loses a paycheck and I hope we can

figure out something to do about that

because that's a pretty big problem a

real big problem

but for everybody who loses a paycheck

for every small business that loses

customers and there will be a lot of

them I feel as though there may be an

equal number of people who still get

their paycheck just like always

even if their employer is not doing so

well you know they're not losing money

yet so let's look at their paycheck and

they won't be spending as much so you

have this weird situation where there's

a whole bunch of people who are just by

luck

we're not affected they get the paycheck

and they don't spend as much so they're

building up their a little savings

account all other people are suffering

what happens the day things you know

let's say when things go back to normal

what happens with the people who have

extra money do they spend it extra fast

or does it become part of their

permanent savings if the people who

actually gained money during this and I

might be one of them by the way so I'm a

perfect example as far as I know at

least in the short run my income will be

roughly the same because you know at

least for the next three months

everything was sort of in the pipeline

and most newspapers will still be in

business and and all that so at the end

of three months I will have saved a

bunch of money that I normally would

have spent I would have traveled I might

have bought more stuff I would have gone

out more I would have gone out to

restaurants more what happens to that

money now in my case you know maybe I

have enough money so it doesn't make any

difference in the world but it could be

half of the country has extra spending

that's pent up and they've been locked

in their houses for three months so you

might see a pouring of spending like

we've never seen before just because

it's possible you know the the people

who are living paycheck to paycheck

let's say as a server for a restaurant

they weren't going on big expensive

vacations anyway so that for them the

job is to survive you know to to to bite

the basics but there are a lot of people

who are going to have some extra cash

and they're going to spend like crazy

when unless they just put it into the

stock bar

which is also possible oh by the way all

that cash that came out of the market

that's got to go somewhere right people

people don't sit on cash in the long run

it's not a thing nobody does it won't

happen so all of that like trillions and

trillions of dollars that just people

took out of the market they parked it

somewhere where's it going it doesn't

disappear it just moved and as long as

it's still there it's gonna move back

when these do so here's the the long

story short that you're gonna see a

recovery that happens so fast it'll make

your head snap so anybody who's not in

the market when the turnaround happens

because it's probably gonna be like you

know just two or three days the whole

world is gonna say well it's back its

back its back get in get in get in

so when it turns back up you're gonna

miss a lot of gain as it goes up so it's

not the time I would be out of the

market but I'm not giving you financial

advice that's all I got for now oh I'm

overtired let's let's go go back to our

day and you have a good day