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Non-Tech : Kirk's Market Thoughts
COHR 181.67+2.4%Dec 5 9:30 AM EST
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To: Winfastorlose who wrote (9296)4/19/2020 1:46:19 PM
From: Kirk ©  Read Replies (3) of 26713
 
Perhaps the mistake is to assume we will ever be back to normal?
Who would provide these services if one of the recent near miss asteroids had not missed? We'd all be dead.

Unless they find a vaccine and we have a way to make sure everyone we deal with or attend basketball and football games with or go to concerts with or take yoga classes with have had the vaccine, only people who have had the Covid-19 antibody test positive and are sure they will be immune from second infections from mutations, I doubt we will ever be the same.

I see whole business models dying as if hit by an asteroid. New ones will replace them but it will be painful.

I see pretty much what Newsom is saying (but not Trump) in that we come back very slowly with many changes to how we do business. I also see the government probably continuing to dilute the value of my savings by printing more money to keep it all afloat, including the promised pensions. We may get to use the cover of C19 to fix the pension problems with some sort of managed bankruptcy & restructuring as I don't see CA having the tax collections to pay current obligations much less pensions for people retiring in their 50s at 60% full salaries.
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