A few months ago, people like me were pilloried for suggesting that there were a lot of very weak corporate bond issues out there that posed economic risks. We were merely observing that if any significant choppy economic waters were encountered bad things would happen.
Soon enough, we’re going to see that I was right.
Market should be fun tomorrow.
Coronavirus is making it much more likely Joe Biden will be our next president. Not because of the effects of the pandemic directly or even Trump’s incompetence, but because the decrease in economic activity will likely tip the economy into a recession coinciding with the election.
Presidential elections during recessions tend not to favor the incumbent. So…Biden. Fuck.
We are not hoarders or preppers in our household. Yet we started stocking up on extra food and supplies weeks ago, when Covid-19 was still raging in China.
I might be smart on paper, but real-world IQ tests are where it really matters. I tend to pass those and intend to keep doing so. I knew what was most likely to happen, acted on it, and now what I thought would occur is upon us.
And I’m proud to say that I mercilessly made fun of the “smart” people throughout as they failed and flailed. Worthless.