The Coronavirus has infected over 100,000 people worldwide, and a few thousand have died from it. Cruise ships have been quarantined, some nursing homes have become death zones, and people have put down their pets for fear that the pets are infected and might infect their owners.
The stock market is down over 10%, producing a paper loss on the order of the U.S. budget for a year – a loss in the trillions.
That’s bad, especially for the cruise ship passengers, the dead nursing home residents, the pets who’ve been put down, and the shareholders who need to sell before the market recovers.
We’ve been warned of an impending “pandemic” which is something like an epidemic, but worse.
But let’s put it all in context. Continue reading