economic recovery
The Sugar-High Economy.
Yesterday, President Trump signed into law the latest Appropriations Bill. And although Congress is still working out just how much of a Sugar-High this legislation will work out to be. Will it be a $600 dollar check for every tax payer, or a $2000 check? The point is that this “Stimulus” in fact does not cure our economic wounds. The fact remains that on Thursday another 3/4er's million workers will likely apply for unemployment insurance, as they will have joined the 20 plus million who have lost their jobs. Small businesses across the country will continue to shutter their shops, for the last time. And up to half of all independent restaurants across the nation, will serve their last meal.
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Our "Slow Money" Economy.
Well, if we can translate that speed and movement into our monetary system. We would see, that in an active, expanding economy the money itself moves from person to person. Little time is spent in some one's pocket. (metaphorically speaking) And this ability for money to move from person to person in the shortest time possible is an important component of our economy.
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They're Taking Down The "Help Wanted" Signs.
The big news this week was the dramatic decline in new hires. And this gets to the very heart of this economic recovery. People who were laid off earlier in the year, combined with new employees have been the hallmark of the economic recovery so far. And this creates the virtuous cycle that economists like to talk about. New workers power the consumer sector of the economy going forward, and that all powers the economic growth cycle.
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Fear Versus Risk
Fear is an unreasonable emotion. That once it has you in its grip, can control all of your actions and responses. Risk on the other hand, is the measure of a hazard or loss. These two are as different as night and day. Although they both try to assess the potential downside of any event, one uses our rational thought and control, while the other uses just blind emotion. And ultimately leads us to become out of control, reacting in a manner that really makes no sense, and in fact can do great harm to ourselves. As a nation, our reaction to the corona virus, is threatening to move from a rational risk based response, to the pure emotion of fear.
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