it was a tough day at the market today and if trump is looking worried it might just be because he is losing his shirt along with those of his friends, enemies, and handlers...this may be the end of this charade...or it might be the reichstag fire...it bears watching closely...domestic travel may be "limited'? again i am no conspiracy theorist...i just do not trust politicians of any stripe...but the bludgeoning going on on wall street was not the only source of numbers...cases in my state have increased by exactly two according to the state department of health...and their map shows the virus has moved within three counties of this one so i am assuming it is already here...my employer wants me to "update and confirm" my "contact information" because it is essential they be able to tell me to stay home because they they aren't doing all that well themselves and may not be able to afford me anymore ( despite the paltry remuneration ) so they want phone numbers...
today's map from the cdc has its usual vague numbers and shading...
which is mirrored, if not mimicked, by the more precise numbers in the new york times ( which, incidentally, do not agree with the numbers reported by my state )...i would post the "total number of cases in the united states" but since neither seems to actually know the factual count ( because no one does ) i believe i will suspend that portion of this blog for the nonce...
this particular graphic from the times gives me the following mortality rates ( from highest to lowest ) italy 6.7%...china 3.9%...spain 2.8%...united states 2.5%...france 2.1%...japan 1.5%...south korea .8%...and germany .02%...some encouraging...some not so much so...
banks and bankers should probably be more panicked about the economics of this than my health...however, like my employer, there may come a time when they do not want me around so they have joined the fracas..they are number people..they should be at home with this...they are capitalists...they should recognize the probability of a bust at some point...that this may be more than a "market correction" should be lost on no one..."all inferences from experience suppose, as their foundation, that the future will resemble the past...if there be any suspicion that the course of nature may change, and that the past may be no rule for the future, all experience becomes useless, and can give rise to no inference or conclusion" david hume. enquiry concerning human understanding...that's a quote i posted yesterday on another blog that bears repeating...we may be in new territory...a new world that has to be relearned...extrapolating the past into the future may fail as "experience becomes useless".
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