After yesterdays insane euphoria that Biden beating Sanders still doesn’t cure a virus settled in, the Dow plummeted again today down 969points.
All eyes will be on tomorrow’s market to see if the V shaped buy the dip investors get nuked.
One market analyst was suggesting based on the plummeting Bond market that the Dow was currently 40% over valued.
That’s quite an implosion.
Closer to home the panic buying, small businesses teetering on collapse and naked fury of just our 4th case of the virus are all pointing towards a grim reality.
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If this is how the NZ is responding with just our 4th offical case, what happens if the pandemic gets lose and we have hundreds of thousands sick?
And the economic meltdown only keeps rolling on. China is trying to force its population back to work because the damage to their economy is enormous, but if work spaces get re-infected, they have to shut it down again. And this is a never ending cycle that won’t stop until there is a vaccine.
We won’t see a vaccine in 12-18 months.
This can only get worse, only the most delusional optimist thinks that there is any other event other than a vaccine that will short circuit this crisis and restart the global economy.
As more and more people start to realise the enormity of what’s about the break lose, the faster the panic spreads, especially with social media.
We have to start being honest with the country, shit is going to hit the fan. We need a vastly superior plan NOW before the pandemic hits.
We’ve all watched in bewilderment the ministry of Health wobbles explaining with their messy mouthed words that they are following international best practise, but for an event this unique and this disaster invoking, perhaps best fucking intention practise isn’t good enough!
This case of the sick person coming back on the plane and only a few people being contacted was a jaw dropping example of how vacant the international best practise is.
CHECK EVERYONE ON THE PLANE!
When ordinary folk can see the enmity of the loop holes in our supposed response, people tend to panic.
We need to acknowledge that there is going to have to be a new normal for at least 18 months until the vaccines. This is a natural disaster and it’s worse than nor al natural disasters because it will keep erupting until we have vaccination.
Most natural disasters subside, this one is with us for 18 months.
It’s time to start preparing for a unique one off generation event here.
Our black swan has come home to roost.
