I’m not worried about the stock market. It was over due for a correction anyway. After Corona dies out the markets will correct. I am a little worried about the damage to US domestic oil production. The price won’t stay below $40 a barrel but while it is, a lot of US producers are going to be hurt.
I’m not worried about the Corona virus.
Yes, it’s deadly in .06 percent of those who contract it. And that is a pretty high number when death is on the line but likely this will burn out by the end of summer.
I am a little worried about the spiral of panic of that Corona is generating. Truth be said, I haven’t seen this kind of panic in my life time. This is the the first plague that has come along since the arrival of social media. Twitter is not only a sewer of self-important illiteracy and instant career fuckage. But it is really great at acting as an accelerant for public hysteria. It’s like throwing gas on dry brittle wood that is already on fire.
Past a certain point, the destruction caused by the panic is worse than the destruction caused by the disease itself. You don’t have to actually kill a quarter of the population to bring civilization to a halt.