Trying times

Moral: Wherein we see the world for what it is. 

So, we are back to management by the seat-of-the-pants, again. That is, from the point of view of economics. On the last downturn, Ben was very creative, leaving us things unreckoned with still with his QE and like.

However, this time, we have a real emergency on hand. The medical part of the economy is being expected to pick up the pieces. That is, almost work miracles with limited resources. They and other essential workers are free to go to work. And, we know, that's not any type of vacation.

While the rest of us cool our heels. I have been busy. We are at the 1st day of the 5th week where I am with no known date for when we might be free. But, even that freedom will have new costs associated with it. The huge one is that testing is only of the time. Walk out the door, and one might get exposed, again.

So, these are a few thoughts to be discussed, further.

• What portends this for that loosey-goosey life associated with globalization? Well, we have mentioned the obvious diminishing of quality (yes, a litany here in this blog a few places). That was seen long ago. They were cutting supply chains, too closely. And, a number of others things were wrong. So, we'll go back over the last ten years and review. 
• Oh yes, this time, it's different. Well, perhaps not. As, those last two downturns were related to various types of mischief. This is, too, in the sense of being obtuse to the max. So much to discuss with this topic. 
• One of them? The internet. Some one noted that the drop of that dream of free modes might have been a good thing given the turmoils associated with the huge demands now being seen. Oh yes, a new world, that's for sure. Again, we noted that we need structure on the internet. Lots to discuss. That discourse will be both technical and from the proper overview. 
• ... 

Savers are still being flayed. The Fed guy saw to that. For what? The ca-pital-sino can continue to fill pockets of the rich while the hapless suffer and distract us from the real work? As well, We are spending money, supposedly backed by debt. Gosh. Forever debt? Who is going to pay for all of this largess going on? Besides, before now, students were up to their necks in debt, businesses were playing fancy and free with taking on debt, the ca-pital-sino was saying, our bank is open, suckers, come in and use your debt to play silly games. Need I go on?

Remarks: Modified: 10/27/2020

10/27/2020 -- Trying to recover our moral.