Category Archives: War Commentary

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.

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.