Yesterday more than 3000 of my countrymen died of Covid. Do you remember as recently as only several months ago when the daily death toll of 1000 lives was alarming?
Let's think about this carnage in scalable terms.
This is the
largest number of dead in a single day during this pandemic - and it is higher than the death toll
in the 9/11 terrorist attacks of 2001. For you older students of history the daily death toll alone now surpasses those killed in the surprise attack on Pearl Harbor.
The total number of dead approaches 300,000.
More than 947,000 workers filed new claims for state unemployment benefits last week.
Foreclosures and evictions will reach record levels this holiday season.
By the close of 2020 Donald Trump's economy will own the largest number of business bankruptcies in the entire history of the United States.
Congress continues to dither on an economic relief package as the Trump economic damage continues to pile-up.
Food lines soar as hunger reaches record levels in the wealthiest nation on earth.
And in the midst of this hot mess the president hits the golf course daily and obsesses over crazy legal efforts to overturn a legitimate election that he lost fair and square.
We are living in interesting times for sure......
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Wait, the equities market isn't the economy?
ReplyDeleteI mean the asset prices have gone through the roof, which is indicative of company performance.... right?
I really hope the next relief package prioritizes direct payments. If you are going to expand the balance sheet of the FED by another few trillion, it should not be going to companies that have no hope of becoming solvent.
It is surreal as the story unfolds...
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