March 27th, 2020

speaker, consultant, coach

Quote of the day

"Isn't it the moment of most profound doubt that gives birth to new certainties? Perhaps hopelessness is the very soil that nourishes human hope; perhaps one could never find sense in life without first experiencing its absurdity." -  Vaclav Havel
Saul Occupation10

Zandi: Trump wants America reopened by Easter. That could send the US economy into depression

(CNN Business) President Donald Trump, fearing an economic catastrophe ahead of the November election, is hoping to swiftly remove the severe health restrictions imposed to fight the coronavirus pandemic. But opening America for business in a few weeks could have the opposite effect: It could lay the groundwork for a repeat of the Great Depression.

Trump said Tuesday he wants the United States "opened up and raring to go by Easter."

The goal would be to ease the debilitating financial pain caused by the unprecedented shutdown of large swaths of the nation's economy. Unemployment claims are spiking. The stock market has cratered. And gross domestic product -- the broadest measure of the economy -- will probably suffer an historic collapse.
But there are massive risks involved with quickly reversing the social distancing policies. Not only would a premature re-opening of the economy defy the advice of health experts, but economists warn it would backfire.

Instead of a one-time blow, the economy could face repeated shutdowns over a prolonged period.
"If the president decides to go 180 on us and open by Easter, that will create chaos and confusion. That is the prescription for a depression," Mark Zandi, chief economist at Moody's Analytics, told CNN Business.
The goal of the health restrictions is to slow the outbreak, buying precious time to prevent the nation's hospitals and doctors from becoming completely overwhelmed.
"If people are panicked because hospitals are overflowing and loved ones are dying, the hit to the economy will be even worse than if we remain in lockdown," said Zandi, who advised Republican presidential nominee John McCain in 2008. "It's a massive gamble -- and one without science on his side."
* - Elephant of Life

Important sister community!

Hello all you crisis_911 members!  You'll notice I have posted nothing about the Coronavirus crisis here, (even though it is the super-global crisis of today).  Why?  Because you already know all about it!  You get the news coming at you 24/7.  You are probably stuck at home living it.  It's the only thing people are thinking and talking about.

I think it would be great for folks to post here - on how to survive physically and mentally.  How to store food.  How to avoid trouble.

But you know you can go back and find a few of those kinds of post already here.  Plus, there is a new community that you really must check out.  It is perfect for this!

anti_viral is a new, active community where people are getting together and expressing their views and feelings about what is going on with this global crisis.  It is shooting towards being one of LJ's hottest communities.  Its ironic and a shame that it does so on the back of so much angst and trouble and illness.  But, believe me, this community serves a very healthy purpose.  I think you will like it.  Please check it out and add it.  You won't find anything closer to true community than you will there!

It provides support during these very dark times.

* - Elephant of Life

Existential Lament

My first year in college was a waste of time and money.  I did have some interesting classes, like film, environmental studies, logic, etc.  But the place was a wasteland.  Second rate state school with second rate students, out in the middle of cornfields.  Imagine that on wind-blown winter days, walking to class.  I wasn't in the world's tallest dorm - or was that the state's tallest? - I was off in a cluster of dorms reserved for derelicts and ne'er-do-wells.  My roommate was a large good-natured guy from a  nowhere Chicago sub-suburb.  He was infatuated with this tiny bowlegged guy down the hall with a big grandiose mouth and a normal sized, albeit middle-aged-looking, girlfriend.  We all and partied, did pot, etc., but it all added to the confusion in me head as to what I was doing there in the first place.

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