The "low" estimates of those financial services I subscribe to their publications are 10 million Americans unemployed by the end of this forced shutdown. We all should remember this does NOT include the self employed unless they were paying themselves a wage in their business. Has the prevention become a overreaction that will drive us into a great depression is a question that our officials need to consider. The epicenter of deaths is in a city with a high density of pop...ulation, a mass transit system that was widely used and a large number of international visitors. How those variables apply to the rest of the country is pretty questionable. Similarly the New Orleans Mardi Gra celebration's timing that created their position as a high death loss area is unlike the rest of the country. Should we risk a great depression based on Fauci's view of the epidemic? In investment we often discuss past performance when we consider a particular company. In CDC and Fauci's case the past has not been particularly impressive. In 2009 the flu epidemic they predicted would kill 90,000 actually resulted in 12,500 deaths. The Ebola scare numbers were even more skewed. No crystal ball or time machine exists that will let us look to the future to be able to say anything with certainty but my small sampling size of former clients is beyond troubling. The impact on their fiscal and mental health is real. Next year's state budgets will be devastated financially leaving the ability of each in a quandary. Public Education is always first to the 'trough' and my experience has been there is not any situation that they believe requires that they tighten their belt. Medicaid's ranks will swell as it always does during high unemployment. In effect the two big consumers of tax dollars will consume a greater share of a dwindling resource. Going to be a tough time under the domes of state capitols. Cries for tax increases from the users of taxpayer funding will fill the halls of legislatures. It will be a tough year for conservatives to stand their ground and the result could be even tougher on taxpayers struggling to recover from the fiscal impact of this 'cure'.
from The "low" estimates of those financial services I subscribe to their publications are 10 million Americans unemployed by...
