Allergy season is in full swing in Las Vegas – and its a bad one; things are coated in pollen. This means I’ve got a headache, runny nose and a cough…so, every five minutes or so I’m worrying “am I sure this is allergies?”. Tiresome, to say the least.
But, I did check CDC for symptoms of Coronavirus – and if you haven’t, the primary symptoms are fever, coughing and shortness of breath. If you get real bad shortness of breath, confused or turn a bit blue, that’s when its time to go to a doctor. The word is that the oldsters are in the highest risk – especially over 65. I’m under 65 – and in pretty good health overall.
How are the lockdowns going with you? I’ll be heading to work from home as soon as I get this odd device which allows me to prove remotely that I work for my company…it was shipped out a while back ago, but it hasn’t arrived. I’ve noticed the mail isn’t exactly a thick packet any longer, either. I suspect that transport capacity has been commandeered for medical and food deliveries. Be that as it may, I’ll eventually be work from home and for a good while, too. And there’s nothing to do in Vegas as everything other than necessities are closed. So, we cleared a much larger vegetable garden this year than usual.
I still view this is an overreaction. But, that’s a horse well outside the barn: the reaction is what it is and it will have its effect. The primary effect, outside the virus, is the crushing of the economy. I expect 20% unemployment in a month or two. But I also expect us to roar back once this thing clears. The direct payments of money to people will be a great psychological help…and it will result in a fairly large pool of unused money once we’re allowed to go outside again. In the end, this pricking of the Dow price may be a blessing in disguise…everyone was wondering how long the market could keep surging like that. Well, that’s one less worry…it’ll probably drop a bit more before its over but when its time to go back to work, it’ll have no place to go but up. Do not look at your portfolio…and I’m thinking if you haven’t sold by now, don’t sell at all…wait for the rebound.
The stimulus is gigantic and will be larded up with pork – but it can’t be overestimated how good people will feel that in this time of crisis they’ve got the money for the necessities. This will have a political effect. Also having a political effect is how tin-eared the Democrats are on all this. They are still stuck on Orange Man Bad when Trump is out there leading doggedly in a time of national crisis. They could jump on board and prove to people that they are about something other than hating Trump…but they can’t manage that trick. I’ve heard unprompted praise of Trump from people you wouldn’t remotely think as prospective Trump voters…they are pleased he’s hammering the fear-mongering press and are waiting for their stimulus checks.
China is a lousy nation we should have nothing to do with – their lies (and the lies continue, I bet: I ain’t buying their story they’ve had no new cases) are what allowed a completely manageable problem to become a global crisis. And those EU-weenies begging for Chi-Com help are just morons, plain and simple. The Chinese can’t help – like all tyrannies, they only look splendid on the surface. Underneath it is a nation where most still live in grinding poverty and prisoners fill the camps. They’ve got a couple showplace cities to wow the rubes of the West while the rest of the country is garbage…and that is why this virus came from there: because they don’t know how to actually deal with something as simple as a flu.
The good news here is that, at last, people are coming around to the view I’ve been harping on for more than a decade: we have to make, mine and grow our own stuff. Having our supply chain outside our control is national suicide. Bring our factories back home…at least to the Americas, where we can keep an eye on them.
Hope you all are healthy and getting through this ok!