I've been thinking a lot about how much is riding on the economy at the moment. Not Wall Street, but Main Street. Yada yada no savings lots of debt no prospects nothing to lose. We armchair warriors are one thing, but we too have lots to lose from a breakdown in social order - not just people parking in front of hydrants, but a real failure of the social contract. Each of us here with our high speed internet, full slate of vaccinations, 3 squares a day and all that, are 1 percenters ourselves, even though we need to work for a living and have plenty to worry about.
I'm all for picking
Meanwhile, looks like China's finally learned its lesson and will hereinafter behave as a responsible citizen of the world, at long last cognizant of the grave risks to which its heretofore reckless behaviour exposed its brethren around the world.
Nice one Jorma. This sheds light into one of the darker crannies of Stooldom. I've been wondering about these connections since I first started BBS'ing in the mid'80s, back when some of the most voluminous, well written content - really mind-blowing daily volumes of immaculately written and edited "academic"-class prose, was from far-(farrrrr)-right accounts.
Except that it was predictable and predicted as a 100% certainty, only a matter of when. I read an excellent description, eerily accurate, written in 2008 by a Canuck, Andrew Nikiforuk: https://www.amazon.com/Pandemonium-Disease-Biological-Plagues-Century/dp/0670045195
I'm amazed that it really happened, just like the rest of us, because I'm so used to being all alone worrying about what could go wrong and then proven wrong in arrears. So this is taking me by surprise too. But it's no black swan, not really.
I was talking to Doc the other day, and reflecting on how badly wrong I'v
That's good news. It will significantly decrease the length and extent of the covid-19 fallout. I think it's bullish on the whole. Far more than blindly ordering everyone back to work early to add fuel to a wave of infection.
Back in 2001 or 2002 when we all first met, I did great with gold and silver, then spent years losing out on other real assets (commodities). Energy stocks have been crushed, especially in Canada- presumably because ultra cheap money and capital had been fueling their rise. I'm still sitting on substantial losses, like most Canadians, and really don't know what to do here. It's easy to buy these stocks at these levels, which sets off a trader's alarm bell for me on its own..
This won't be helpful, but into my 5th decade, I've observed that I usually feel like this at significant market lows. The reverse at highs. Of course, I've been feeling like this for the past two weeks almost daily, but today is worse.
The outlook wasn't brilliant for the Stoolville nine that day:
The score stood four to two, with but one inning more to play,
And then when Cooney died at first, and Barrows did the same,
A pall-like silence fell upon the patrons of the game.
A straggling few got up to go in deep despair. The rest
Clung to the hope which springs eternal in the human breast;
They thought, "If only Casey could but get a whack at that—
We'd put up even money now, with Casey at the bat."
But Flynn preceded Casey, as did also Jimmy Blake,
And the former was a hoodoo, while the latter was a c