Early April (2), 2020
Governor Cuomo, for all the nonsense he spouted before the pandemic, is actually doing a solid job keeping things in line; every day he does an hourlong press briefing detailing the daily losses and infection rates, along with hospital capacities and material supply stock reports. The state of New York is expected to endure at least 30,000 deaths from the pandemic, with NYC taking the brunt of it. The peak, or apex of the infection’s wave, is projected to be in mid-April. During the days prior, we are expected to see an accelerated climb in number of cases, as well as fatalities. Once we reach the peak, it’ll be anyone’s guess as to what happens afterward. We could either plateau, where we sit at a consistently high rate of infections and deaths, or we will fall back to nominal levels and maybe even a period of no infections. Again, it is too early to tell.
The economy is tumbling apart. DJIA reads 18,000, the lowest its been in nearly a decade. To put this into perspective, when the housing market bubble burst in 2008, the DJIA was at 9,000 or thereabouts. It fell nearly 500 points, and nearly 6 trillion dollars evaporated into thin air. Before the pandemic, we were looking at over 28,000 points. The difference here is that for the crash of ’08, that was money that vanished that never existed. It was just credit from the banks. But this, this is money that exists that was never made. With 80% of businesses in the country closed-up, commerce is seized, and the cash flow is stifled.
We, as a nation, are now bleeding money.
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