We wondered what it would look like when the real meltdown began. Now you know. We’re still in the phase where the passengers are getting into the life boats without any panic. The Fed is seeing to the boats (massive printing), while the band plays on deck (eg. Kudlow saying just open the schools). Once a boat as big as the World’s largest economy gets a hole knocked in it, it takes some time for people to realize its going to sink.
What we are going to see is a continued attempt to allay the fears of the passengers on this economic Titanic, with proclamations that a “cure” has been found or a vaccine is about to be discovered. Of course both of these could happen but we know that coronaviruses are very hard to source a vaccine for if not IMPOSSIBLE.
Instead of attacking this virus, the virus is being ignored now as if it will just disappear. Meanwhile a myriad of once trusted sources like Ron Paul are posting nonsensical statements on this virus and creating divisiveness. The virus doesn’t care what you say about it and it will dictate its own path through our future.
For most of us we will get through this and hopefully not get one of the long term ill effects of COVID. Unfortunately a significant number of people will get sick and will continue to feel the effects of this virus for years.
Enjoy the good you have left in life and family, but don’t ignore this bug. Its like nothing we have ever dealt with.
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