I just heard on 640 KFI AM big local radio:
James Doti, longtime and well known economist at Chapman University-
Short recession maybe 6 months then rapid recovery.
Passing on positive, real time information,
in lieu of bulllshit TDS fake news, false headliines, by trolls and disruptors of late.
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Thanks.
I'm no economist, I only had one course in macroeconomics in college.
I'm not a doctor, either, but right now I honestly believe the economy is more in danger from panic than the disease.
I cannot escape the thought that there are clear reasons a disease might be seriously over-hyped as the apocalypse by a media overtly and extremely hostile to the present Administration to bring down the economy in an election year.
When I look at the stats, yes this is a nasty, contagious little bug, one that especially targets people over 60,
who have preexisting medical conditions, including diabetes, coronary conditions, and pulmonary problems, as well as weakened immune systems.
Still, for most of the population, especially those under 50 and in good health, this appears to be a bug that you shake off in a few days at most, and return to life pretty much as normal, at least as normal as it can be with everyone dashing about in total panic.
In the meantime, the stock market has dropped, items that shouldn't be are in short supply, and everyone is pulling the worst case statistics out of the hat (without questioning whether people not hospitalized were even tested) and howling "Wesa gonna die!".
Even people who ordinarily have professed great faith in their Creator have abandoned that in favor of stocks of buttwipe and stuff to grease their wringing hands while killing germs they likely already transmitted to a mucous membrane.
Sorry, but I really don't get it.