We have been locked down for weeks. Classes have been canceled. Only essential activities are allowed. Although there is much to cover and analyze, I want to focus on the economics of the situation.
To understate it, the situation today is simply not good. The COVID-19 crisis has caused the world to lock down the population, which essentially ceased most commerce. While all businesses are affected in some way, a report by the US Chamber of Commerce shows that 24 percent of businesses are completely unable to conduct business in the emergency state, and further notes that 43 percent of all small businesses are less than six months away (and 10 percent less than one month away) from permanently closing their doors.
From their highs in February, the DJIA is down

Read More »