Day 12 of 30: Well, that escalated quickly.
Jobs data is out… 3.28 million people filed for unemployment in the week ending on March 21st. The next week is going to be higher I would imagine. It is a good thing the Democrats got help for labor in the bill that should pass tomorrow. That buys us time to get this under control, flatten the curve, start testing people, build out red/green zones, and get back to work. I am curious to see if recovery is as fast and my guess is it depends on how well this bill supports SMB. Getting money to those businesses is going to be hard if there are too many steps.
We are doing well here. Spain is waiting to see the curve flatten. Grocery stores are well stocked and apart from wishing I could go on a long bike ride I am well. They extended the lockdown to 30 days which was expected. It isn’t the best news but it has to happen. Now we are wondering what happens at 30 days and I guess a big part of that is what the numbers look like then.
I was thinking today… what comes after this during the presidential election in the USA? I would imagine Trump goes into a full anti-China campaign, they did this, they gave us this, how do you stop someone running on fear and nationalism and racism? I don’t have much hope that Biden can counter that.
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