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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: robert b furman who wrote (5266)4/13/2020 4:18:08 AM
From: elmatador   of 13808
 
Hi Bob
Add to the white-collars, the teachers, civil servants and you start seeing who wants quarantine to be extended. These cadres are unaffected by the outcomes.

“Average working people are bagging and delivering goods, driving trucks, working for local government.”

The rich
In other cases, the rich aren’t going east or west, but down. Gary Lynch, general manager of Rising S, a Texas maker of safe rooms and bunkers that range in price from $40,000 to several million dollars, said he had added a second shift of 15 workers to handle the flood of new orders, mostly for underground bunkers.

Here in Kenya
The rich turn to dollars as Corona hits investments
Stockpiled dollars hit a record 626 billion Kenyan Shilings. The Kenyan CB says bankers and firms informed via a poll that investors are hoarding dollars for speculation purposes in the wake of forecats showing the Kenyan Shilling would remain weak against the USD.

Still, a kind of pandemic caste system is rapidly developing: the rich holed up in vacation properties; the middle class marooned at home with restless children; the working class on the front lines of the economy, stretched to the limit by the demands of work and parenting, if there is even work to be had.

When you read analysis such as
We are not Going Back to Normal
It is the white-collars, the teachers, civil servants that want to take advantage of Covidscare and advance their case.




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