Mar 12, 2020; COVID 2019, Code RED – …Its time to take your own path.


…..But this time it is different. 

We naturally assume our Governments know what they are doing, and our financial leadership is fully informed. They are advised by the brightest, smartest and most informed scientists, technocrats, economists and industrial leaders. They will have analysed the way in which the virus is spreading, understood the transmission rate, the likelihood of mass infection, plotted where health resources are likely to be most efficiently targeted, figured out the areas of likely economic weakness, examined the policy options and concluded the right way to address crisis with well-timed fiscal policies, supported by accommodation across the market. 

BUT… 

It’s as clear as a bell that Trump had no plan to address the Coronavirus before he was finally forced to say something Monday. Until then it was a “fake-news” distraction. He made a political gamble: that the virus would recede before it became a crisis, making him look smart and a market genius for calling it.

Bill Blain, The morning Porridge blog
see article below
This from Ars Technica article below

Self Care

  • Don’t Panic: The comprehensive Ars Technica guide to the coronavirus [Updated 3/11]. Bookmark this one
  • Social distancing, lockdown and quarantine and policy responses . by Edward Harrison.
  • Coronavirus: Why You Must Act Now. by Tomas Pueyo. There is one very simple thing that we can do and that works: social distancing. The coronavirus is coming to you;
    • It’s coming at an exponential speed: gradually, and then suddenly.
    • It’s a matter of days. Maybe a week or two.
    • When it does, your healthcare system will be overwhelmed.
    • Your fellow citizens will be treated in the hallways.
    • Exhausted healthcare workers will break down. Some will die.
    • They will have to decide which patient gets the oxygen and which one dies.
    • The only way to prevent this is social distancing today. Not tomorrow. Today.
    • That means keeping as many people home as possible, starting now.
    • As a politician, community leader or business leader, you have the power and the responsibility to prevent this.

At this point it looks like, the way things play out everywhere, health care systems quickly become completely overwhelmed, and people are left to fend for themselves. What if politicians just said this – we bungled it and our health care, as it has been designed, does not have the capacity to deal with this – can’t redesign the system now, too late for that, you are on your own? No politician would ever be this honest, so we will go thru the charade of pretending to be able to help everyone, full speed ahead towards the brick wall, and turn away when the wheels fall off. In Canada our federal government just announced a whole billion dollars to help with health care costs!!!!!

sumac.carol

The biggest question, everyone agrees, is how long the downturn in demand will be. If it is brief, will people start spending again after a month or two, making up for lost spending by using what they have saved while in isolation? “If not, we are talking about going back to the Middle Ages: no company will survive.

Stefano Visalli, founder of Oxy Capital,

All the ‘solutions’ we are seeing from the powers that be are reminiscent of the great financial crisis. Bailing out the zombies while structural issues surrounding allocation of resources remain — liquidity does not control the spread of this virus. Where are the hospital beds, ICUs, doctors, medical equipment and vaccine R&D?

Sue Trinh, global macro strategist
at Manulife Investment Management in Hong Kong



Wrap it Up….Please

Its time to implement your own self isolation. Particularly if you are in the danger zone over 60 years of age.

This will protect you and your neighbours.

We are at the point where we have to ride out the shit storm coming and be ready to scrape together whatever is left. At the moment we have no idea what this looks like.

If you can, consider longer term plans. We have no idea what we will face in the coming months/years but with every gooberment fixated on solving the economic disaster, we should not hold out much hope for their attention when we need it.

The “stock” market economy is teetering wildly, international companies are beginning to see the shortage of parts/pieces and general stuff that won’t be increasing anytime soon. This is beyond the scope of the children in charge. (they built it, and built upon it, for 35 + yrs, while we watched).

Grab hold, hang on and prepare for a brutal ride.

Stay strong, safe and suck up your inner GRIT.

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