Most surprising pushback I received about that big Businessweek piece last week was on asteroid mining — people believe its Science-Fiction.

But it is not. This just came out yesterday:https://t.co/uAIy4UJ7H3

— Barry Ritholtz (@ritholtz) May 6, 2020

Oh, a lot of people believe things are science fiction these days even after they happen. This I find truly bizarre. Quantum computers is a recent example of that. People were saying that they were “impossible” and “science fiction” after teams had built working examples.

We live in a world moving so fast that often working tech exists years before the pronouncements of its impossibility even start being proclaimed.

There Is Only One Way Out of the COVID-19 Economic Crisis. It’s time for a new New Deal.

It’s true, because the Covid-19 economic crisis does not really have anything to do with the pandemic. The economic dislocations and trauma are a symptom of pre-existing conditions. Just as with actual Covid-19 those who suffer the most are those with already-present co-morbidities. Our economy was already gravely ill — the sickness was merely concealed by what the press chose to cover and who they saw as mattering.

This is why what could’ve been a minor recession will become the Greatest Depression; this is why many who are knocked out of the economy will never be employed again; this is why the downturn could and likely will last a decade.

Our economy was already wounded, walking dead, but the pandemic just revealed that. This is something that’s been obvious to those who bothered to look for years.