Mar 18, 2020

Sanders and Trump Admin Call for Cash Payments Amid Biden Silence and Primary Wins

VIX fear-volatility remains near record-high.
Updated - Madison, Wisconsin — Following Joe Biden's sweep of last night's primary elections, Treasury Secretary Steven Mnuchin and Sen. Bernie Sanders are issuing urgent calls for direct cash payments for Americans.

"We need to provide a direct emergency $2,000 cash payment to every household in America every month for the duration of the crisis to provide them with the assistance they need to pay their bills and take care of their families," Sanders said, (Newsweek).

Mnuchin and Bernie Sanders are singing the same song on a massive federal governmental response to the Coronavirus Disease 2019 (COVID-19) pandemic and the unofficial U.S. recession, both of which are unpredictable in their severity and duration.

Joe Biden's views on the stimulus are unclear to this point.



Yet, Biden is racking up win after win on the campaign trail.

Personally, I would not trust anything Joe Biden has to say on the global economic crisis anymore than I trusted Biden on the secret weapons of mass destruction in Iraq, the moral imperative for mass incarceration and marijuana criminalization, cutting Social Security and the moral primacy of banks over people.

On the campaign front, the presidential race is shaping up as Bernie Sanders and the Trump administration v. Joe Biden and the neo-libs whose 40-year project brought us this outcome.

And on policy, the Trump administration and Bernie Sanders are leading the fight for working families.

Meanwhile, the markets are in for another volatile session today.

So, Biden has been running on parables and lies, not-on-point.

VIX

The VIX index measures fear and expected volatility of investors, offering an educated guess on the next 30-day period of the CBOE Futures Exchange (CFE) and S and P 500 Index.

The VIX functions as a red flag revealing market psychology and pathology.

The higher the VIX, the more the volatility and fear.

The VIX is at trading at $75.91 on March 18, 2020, 10:10 Eastern Time.
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On October 24, 2008, the nightmare of 2008, the VIX reached a day-high record of 89.53.

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