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The economy was already heaving in the toilet before COVID-19 dropped the lid on its head and sat on it. Sales, revenue, real earnings, manufacturing, and finally the services industry had all puked. Last week, stocks got the Great Flush as the market went down with the economy.
It is the senseless things of this world that sometimes knock sense into the high and mighty whose hubris causes them to believe they cannot fall. In this case, the tiny COVID-19 virus (coronavirus) is bringing down a global house of cards long perched to fall — locks, stocks, and barrels of oil.
The True Danger of Coronavirus (COVID-19): What are the real risks of infection, death and a global pandemic?
The public is always ready to panic over the next pandemic. We love a good movie like the old Ebola scare, Outbreak. We even have a name for the next mystery disease — the big one that is supposed to destroy us all like World War III or like the apocalypse — a scientific name. […]