Coronavirus Infects Stock Market: Part LXII Welcome to Phase 3 in Rhode Island, where front-page news is “Weddings, Movies, Music (are) on with Masks,” and “A New World: Should the Columbus Statue in Newport be Removed?” Talk about pressing matters. You’re in Rhode Island now, where the governor has gone wild. That’s right, Gov. Gina Raimondo says let them eat cake! But, no weddings over 50 people indoors, and only up to 100 if outdoors. But, get this, if some people scheduled large weddings pre-pandemic, exceptions will be made if the state Department of Business Regulation is consulted. … [Read more...]
Coronavirus Infects Stock Market
Life Changes Fast: Need a Boost? Here’s Why I Did
Coronavirus Infects Stock Market: Part LXI You know, as Your Survival Guy, I'm the guy who gets into tough situations only to discover how ill-prepared I am. You know, like when my backyard almost burned down when a tree landed on telephone wires, breaking the pole at the top, sending the distribution transformer, aka "pole pig" (filled with coils and oil ) crashing to the ground right next to one of our prehistoric trees about the size of King Kong that was ready to burn like the torch on the Statue of Liberty. As the fire department descended upon our property, Your Survival Guy quickly … [Read more...]
What Crisis is the Stock Market Living In? And You?
Coronavirus Infects Stock Market: Part LX You really need to follow the bouncing ball in this time of crisis. Looking at the way stocks are trading, you have to wonder: what crisis is the stock market living in? Seems to me like no one has a clue. You and I know there’s a crisis. Go downtown and look around. How many businesses are struggling or will never be the same? Who do we have to thank for this? China. The China virus traveled to the U.S. via Europe, and now Europe wants to keep us out—yet is opening flights from China. You really can’t make this stuff up. No one has a … [Read more...]
Blue State Governors Punish Working Class with Severe Lockdowns
Coronavirus Infects Stock Market: Part LIX Severe lockdowns in blue states are driving unemployment to Depression Era levels, and devastating the finances of working-class residents. Before their governors went wild with lockdowns, these same workers had been enjoying their best economy in decades. The Journal reports on the skyrocketing unemployment in blue states: The Labor Department on Friday reported jobless rates in May for the 50 states, and the news is the greater than usual variation. Some state economies are recovering much faster than others, and the worst performing tend to be … [Read more...]
Close to One-Third of Investors Over 65 Moved to Cash
Coronavirus Infects Stock Market: Part LVIII How are you doing this morning? Hopefully, you’re not too shell shocked. If you are, then you’re not alone. A study by Fidelity Investments finds that close to one-third of investors over the age of 65 sold their stocks during the coronavirus meltdown reports The WSJ. Like a broken record, money managers tsk, tsk, tsk the sellers saying “hold your stocks for the long-term.” Well, that’s fine and good if you’re in your thirties, but a bit more difficult when you’re over 65. A prospective client wants to consolidate her assets with us mainly … [Read more...]
Your Survival Guy Escapes into the City, Uh-Oh
Coronavirus Infects Stock Market: Part LVII Heading into a city and putting your daughter on a plane are not things Your Survival Guy likes doing, nevermind in the middle of a crisis. But sometimes visiting a cousin in Naples, FL is what an eighteen-year-old needs to do for everyone involved. Becky and I couldn’t help but notice, about thirty miles south of the city, the flashing signs: “If You’re from Out of State We Urge You to Self-Quarantine for Fourteen Days,” which made us wonder: “who in their right mind is going to follow this BS?” Then we passed a car with its driver, all alone, … [Read more...]
You Need to Seek Some Shelter for When Things Get Ugly
Coronavirus Infects Stock Market: Part LVI “Requests for driving directions on Apple Inc.’s Maps app are back around mid January levels, while data from Dutch location technology firm TomTom International BV show traffic congestion gradually climbing in some late U.S. cities, though it is still down substantially from March levels in many,” reports the WSJ. But after this weekend’s riots, who is in a rush to visit a city? The future of the city is on the rocks. Blue state governors and mayors have gone wild. They’re a fiscal mess. Consider the self-inflicted wreckage of mismanaged … [Read more...]
Cowards Loot, You Fight
Coronavirus Infects Stock Market: Part LV You’ve seen how quickly blue state governors go wild. Now you’re seeing the looting and burning by cowards the blue-state governors aim to protect. Is this a dress rehearsal? Consider the recklessness from blue state governors and their self-crowning press conferences, stirring up resentment from the producers of the world. The allies of blue-state politicians in the media and technology industries have no problem setting one set of rules for America’s producers, and another for their favored groups. Tucker Carlson explains: Watch the … [Read more...]
Get Ready: Your Survival Guy’s Guide to the Second Wave
Coronavirus Infects Stock Market: Part LIV You read the news: “Coronavirus reaches 100,000 deaths,” streaming across all forms of media yesterday and yet, not a peep just a couple of years ago when the flu killed 80,000. It’s like the media is taking a victory lap, cheering the virus numbers higher. A group of restaurants and bars in Rhode Island want government money to stay closed, claiming it’s stressful being open. Imagine all the pushy parents wringing their hands because little Jonny can’t play travel sports this summer. Talk about an aggressive group. They along with the … [Read more...]
Big Government Politics on the Shores of Newport and Beyond
Coronavirus Infects Stock Market: Part LIII Blue state governors have completely dropped the ball in the name of science, killing businesses and creating new health problems like anxiety and depression. In blue Rhode Island, we have our governor patting us on the head after a “successful” Memorial Day weekend. “The good news is, overwhelmingly, people were out and about doing the right thing,” she said during her daily news briefing. Tonight’s Newport City Council meeting will hear a resolution to require all pedestrians to wear masks on certain streets at all hours of the day. Councilwoman … [Read more...]