Category Archives: Economics
Reopening The Economy
…will require lawsuit protection. Yes, business owners aren’t going to want to risk the liability.
Tiptoeing Through A Dark House
The Wreckage Continues
One in five IT jobs have disappeared, and the sudden loss of office jobs is devastating the middle class.
[Update a couple minutes later]
Newspapers and Manhattan are screwed.
[Update a couple more minutes later]
AOC tells people to refuse to return to work.
Really? Is she going to pay their bills?
[Update a few minutes later]
Yes, the Democrats totally want a depression.
The Economic Wreckage
Bob Zimmerman catalogs it.
Some things will recover quickly, but we won’t have a robust recovery until people have sufficient confidence that they can go back to sporting events or movie theaters or restaurants at normal capacity, which will probably require a vaccine (even if it’s a placebo). And now, despite all the money being pumped into the economy, the Fed has to worry seriously about deflation.
Facemask, Pack Of 50
LA Traffic
We’re driving down to Tustin today for a meeting, so I checked out Sigalert. The entire area is green, averaging 65 or 70. They don’t even bother to do traffic on the morning news.
AB5
The stupid law is hindering coronavirus responses in California, probably killing people, but Newsom is sticking to his guns.
Imbeciles, elected by morons.
Regulations, Post-Virus
The burden of proof should be on those who want to reimpose them.
It Begins
Germany just sent a £130B bill for ‘coronavirus damages’ – sparks fury in Beijing.
[Monday-morning update]
I don’t know if that original story is valid, but apparently Israel and U.S. law firms are suing the CCP for trillions. Even if they have no mechanism to force payment, this will certainly diminish China in the eyes of the world, and it could provide a legitimate excuse for defaulting on the money we owe them.