I loved this today, in The State.
There’s nothing funny about COVID-19, but this did make me smile.
Our lives are being turned upside-down by a global pandemic.
Many of us are out of work with no way to make up the lost play.
The stock market is tanking.
We’re almost certainly plunging into a recession.
As we increasingly hole up in our homes, the vaunted American system of food distribution is malfunctioning as people hoard all sorts of goods.
As many as 200 million Americans could be sickened by the virus, and more than a million of us could die.
But… never fear, America! The fundamentals of our toilet paper pipeline remain strong!…
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“In a rare piece of good news about Covid-19, a team of infectious disease experts calculates that the fatality rate in people who have symptoms of the disease caused by the new coronavirus is about 1.4%. Although that estimate applies specifically to Wuhan, the Chinese city where the outbreak began, and is based on data from there, it offers a guide to the rest of the world, where many countries might see even lower death rates.”
S Begley
Not to be a downer, but the numbers I’m seeing tend to be between 3 and 4 percent, rather than 1.4.
Well worth a listen. I’ve listened to Clark for years and absolutely love his podcast. He released this special one today.
3.16.20 Coronavirus special: Clark’s stock market reaction, small business difficulties, and how to handle your personal finances
https://clark.com/podcasts/