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Eight Phases of Crisis: COVID-19 Edition
Eight Phases of Crisis: COVID-19 Edition
“You had a dishwasher box to sleep in? I didn’t even know sleep. It was pretty much twenty-four seven ball gags, brownie mix and clown porn.” – Deadpool
One girl I dated in High School asked if she used too much makeup. I replied, “Dunno, depends on if you are trying to kill Batman®”
“Great, now it’s the end of the world and we can’t get a new dishwasher,” The Mrs. actually said, after I finally relented that it would probably cost more to fix the dodgy old dishwasher than a new one would cost. Plus, the old dishwasher is stainless steel, so if it were a hundred yards away, it would make quite a nice practice target. I call that a win-win. Besides, Amazon® actually has them in stock, so I could theoretically have one by next week.
See? You can get quality appliances during the end of the world.
I started working from home yesterday, which was nice. When it was lunchtime, I wasn’t hungry, but I was nice and warm so I took a nap right in my home office which is also known as the couch. Good times. I do have a concern – The Mrs. slapped my heinie as I walked by and said, “nice butt” so I’m thinking of bringing this up with HR. I want to be treated as more than a sexual object. I mean, not much more, but more.
As much as you might be interested in my derrière, I really do want to talk about COVID-19 and get to the bottom of how the issue will progress in the coming months. While each crisis is different, they are all sort-of-predictable because in the end, people don’t change all that much, even though circumstances do. Certainly we want to get this all behind us, in the rear view, so to speak.
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The Coronavirus Is A Nightmare For The Global Economy
The Coronavirus Is A Nightmare For The Global Economy
Trade is already being crippled. And there’s no relief in sight.
As China has now placed hundreds of millions of its citizens under quarantine, its economy is grinding to a halt.
Workers can’t leave their homes. Factories are idle. Most (if not all) of China’s ports are no longer shipping. International flights are increasingly banned from the country.
When the world’s #2 economy hangs up a big “CLOSED” sign, that’s going to result in a major negative impact on global trade.
As the manufacturing powerhouse to the world, you’ll be challenged to think of ANY industry that won’t experience serious supply chain interruptions and shortages from China’s woes. For instance, did you know China makes the vast majority of our prescription pharmaceuticals?
A MASSIVE hit to the global economy will directly result from the damage the Wuhan coronavirus is currently doing. And it may get worse, a lot worse.
So ignore today’s ridiculous all-time high stock prices. They can’t last in the face of what’s coming.
Coronavirus: What We Can Say Publicly & What We Can’t
Coronavirus: What We Can Say Publicly & What We Can’t
Why the line between the two is so important to us
An Important Note of Gratitude:
Before we dive in, we’d like to extend a huge ‘thank you!’ to everyone who has supported us through the years. It’s chaotic times like now when Adam and I do what we do best: surfing breaking developments and distilling the key information down into easily-understandable, actionable insights.
But we wouldn’t be able to be here without your ongoing economic support. Even more important has been your words of personal support and encouragement.
So thank you everyone, both our dedicated long-time followers, and the many new premium subscribers who have joined over the past two weeks.
It’s Time…
If you’ve been watching our Youtube video series on the Wuhan Coronavirus (2019nCoV) pandemic, you know that it’s time to prepare.
Yes, we can always hope that the latest unconfirmed potential treatment marks an actual turning point (i.e. treating patients with HIV protease inhibitor drugs) . But it’s much better to be safe than sorry.
You’re probably reading this because you tend to think critically, and you trust your own judgment. Weirdly, that sets you apart from the masses.
And so here you are. Not because you’re weird, but because it’s weird that common sense and prudent caution are so uncommon.
For a whole host of reasons that extend well beyond this emerging pandemic, we think being prepared is a selfless and prudent thing to do. Everyone should seek to be as resilient as possible. Our book Prosper!covers this in much greater detail. It encourages readers to build capital.
Yes, build up your financial capital. But don’t ignore social, knowledge, time, material, living, cultural and emotional capital. If you have depth in each of these, you will be truly wealthy, happy and fulfilled — no matter what the universe throws your way.
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