Thursday, April 02, 2020

This is a no brainer.

1,000,000 are infected with the virus globally.

There are 236,000 cases in the USA. That is 23.6 percent of the cases in the world.

Total deaths in the world is 50,000 and the USA is a full 10 percent of that.

200,000 people globally have recovered from the virus.

I am not worried about the unemployment rate. They are on leave from work in a mass lay-off. Their employers will be receiving, basically grants, that will pay their employees their normal pay until this national emergency is concluded. This is not a loss of jobs, YET, it is a mass lay off and they will be back to work as soon as it is safe. The "Workers First" law has provided for 14 weeks of pay to all the effected Americans. There is plenty of room for safety if the stay at home orders are extended past April.

I might point out that the million - billionaires that grabbed their money and ran were completely foolish. The USA economy is intact and a large number of Americans are on lay off TO PROTECT THEIR HEALTH.

The current markets have finally figured out what is going on and they are stable. There are not large fluctuations in the markets over the past week because the cowards realized they acted stupidly. If the markets held their ground rather than catering to the permanent yellow streak down their backs, the DOW would still be at 29 thousand. 

Nothing here bothers me EXCEPT the number of people infected and the deaths.

I cannot believe Ellis Marcelis (click here) has died from this virus.

The stay at home orders are working:

April 1, 2020
By Paul Roberts

Jim Bernard, (click here) who has owned the Chevron in Seattle’s Wallingford neighborhood since April 2001, has seen what happens to the gasoline business when something shocks the economy.

But neither the 9/11 attacks nor the Great Recession prepared him for the coronavirus pandemic: where earlier downturns cut his gasoline sales by 10% to 20%, today’s slump has dropped them by two-thirds.

“It’s cratered,” said Bernard, 53, on a recent morning. “I mean, look at the cars out on the road and do the math.”

Most of Bernard’s peers are probably doing that same math.

With much of the Seattle area in coronavirus-containment mode, people are driving less — the King County section of Interstate 5, for example, has around half its normal traffic — and that’s meant fewer fill-ups at the region’s gas stations.

There needs to be an investigation into the money-grabbing Wall Streeters. Their greed cost Americans large losses in the 401Ks.