Main Street Strong – U.S. Weekly Jobless Claims “Unexpectedly Drop”….

The stock market is not the U.S. economy.  The stock market is an investment instrument.

Yes, the downstream consequences from coronavirus mitigation efforts means there is likely going to be temporary, very specific, fluxes within the Main Street economy.  Entertainment, hospitality and leisure are likely to see the strongest initial impacts. However, as noted by the release of weekly jobless claims the U.S. economy is very strong.

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week as employers continued to hold on to their workers.

Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 211,000 for the week ended March 7, the Labor Department said. Jobless claims are the most timely labor market indicator. They have declined for two straight weeks.

Economists polled by Reuters had forecast claims rising to 218,000 in the latest week. (link)

The cancellations of large public gatherings, events and venues will have some impact on independently employed workers and ancillary businesses connected to them.  That’s the purpose of the extended and targeted administration effort for financial assistance in very specific sectors.   However, in the aggregate the Main Street economy is still very strong.

Numerous pundits fail to understand the difference between strong financials in the banking sector (Main St), and the downturn experienced in the stock market (Wall St).  Cue the audio visual demonstration:

The stock market is Wall Street, an investment instrument.  The banking sector has strong liquidity and is more connected to Main Street.  The banks are stable; this is not a financial crisis.   Consider this analogy:

You own a modest home with a $200k mortgage.   The home fits your needs; you maintain it; you take good care of your home as do your neighbors.  All is well.

Tomorrow you find out the city council approved a permit for a railroad to run behind your neighborhood.  The value of your home drops 25 percent on the news of the permit.

Nothing about the home has changed.  Everything is just as comfortable for you next week as it was in all preceding weeks.  Other than a pending rail line everything is the same.

A month later you find out the city withdrew the railroad permit because the railroad company changed their mind.  The value of your home returns to where it was before the news of the permit surfaced.   See how that happened?

Now replace the railroad permit with the coronavirus.

Keep yourself and those you love well maintained.

This too shall pass…

GO PLACIDLY amid the noise and the haste, and remember what peace there may be in silence. As far as possible, without surrender, be on good terms with all persons.

Speak your truth quietly and clearly; and listen to others, even to the dull and the ignorant; they too have their story.

Avoid loud and aggressive persons; they are vexatious to the spirit. If you compare yourself with others, you may become vain or bitter, for always there will be greater and lesser persons than yourself.

Enjoy your achievements as well as your plans. Keep interested in your own career, however humble; it is a real possession in the changing fortunes of time.

Exercise caution in your business affairs, for the world is full of trickery. But let this not blind you to what virtue there is; many persons strive for high ideals, and everywhere life is full of heroism.

Be yourself. Especially do not feign affection. Neither be cynical about love; for in the face of all aridity and disenchantment, it is as perennial as the grass.

Take kindly the counsel of the years, gracefully surrendering the things of youth.

Nurture strength of spirit to shield you in sudden misfortune. But do not distress yourself with dark imaginings. Many fears are born of fatigue and loneliness.

Beyond a wholesome discipline, be gentle with yourself. You are a child of the universe no less than the trees and the stars; you have a right to be here.

And whether or not it is clear to you, no doubt the universe is unfolding as it should. Therefore be at peace with God, whatever you conceive Him to be. And whatever your labors and aspirations, in the noisy confusion of life, keep peace in your soul. With all its sham, drudgery and broken dreams, it is still a beautiful world.

Be cheerful. Strive to be happy.

By Max Ehrmann © 1927

This entry was posted in Big Government, Big Stupid Government, CDC, Coronavirus, Decepticons, Deep State, Dem Hypocrisy, Donald Trump, Economy, Election 2020, Infectious Disease, President Trump, Uncategorized. Bookmark the permalink.

126 Responses to Main Street Strong – U.S. Weekly Jobless Claims “Unexpectedly Drop”….

  1. vikingmom says:

    A beautiful and necessary reminder… This too shall pass!!

    Liked by 22 people

  2. fanbeav says:

    Really hard to see the stock market tank like this for a flu. Very good perspective Sundance. I do find it odd that the virus “crash” came right after the market was going up like gangbusters. Someone made money!

    Liked by 14 people

    • Kirsty I says:

      It is 9/11 for those who fear,
      but for those of us who remain peaceful and glory in giving,
      it is the best of times.

      Liked by 12 people

    • jwmson says:

      IF the general public and average Amn really knew who/what ran the govt, country and universe and how they are manipulated and screwed daily, there would be mass uproar and upheaval across this country. As is, we go along in life working for avg wages, tending to our business and thinking the govt is our friend and looking out for us….LET this be an awakening…THIS is planned, there is a reason and there is significant implications why this had to occur. WHEN has there even been such a panic? IF WE WERE IN WAR AT HOME would there be as significant as impact…meltdown, shutting down of society as we see today…….

      Liked by 6 people

      • snarkybeach says:

        if the public knew the truth, they’d be storming Washington with pitchforks

        Liked by 4 people

      • Big Jake says:

        This is orchestrated. Trump hating mayors,, organizations, etc. are canceling every event in sight with one goal: tank the economy in order to oust POTUS.

        Liked by 7 people

        • “This is orchestrated. Trump hating……..tank the economy.” The worst part of down days on Wall Street, is the almost smiles being hidden back by the cutesy blondes on Fox and CNN as they discuss this ‘happy disaster’ of the day. They pretend to be journalists, yet they are unabashedly anti-Trump cheerleaders for any problems. Not fair..and very Unbalanced.

          Liked by 2 people

      • mugzey302 says:

        Not for the lemmings with no critical thinking, who just swallow everything the puppet media dishes out. Their chicken-little panic was evident in some of the stores yesterday, while I was doing my regular weekly shopping. One store had not received their weekly delivery, and they had empty shelves of the panic items (paper products, hand soap/cleaner, bottled water, certain food items being bought in qty). I noticed that the “educated fools” from the local indoctrination /programming camps called school/college were out in force pushing the hysteria with their liberal parents. Truly pathetic. This virus doesn’t really impact that age group (except for those with lung/immune issues), but they are curtailing/closing schools. But nobody cared about the thousands killed by regular flu. I fwd this to my family members to educate them with Sundances’s wisdom, and to tell them not to panic about the economy. So the media is orchestrating this panic for political motives, to blame and accuse our President. But, what else? To hide the truth about FISA, and its renewal, that dirty cops use it to surveil the innocent? We are dealing with corrupt lunatics who are, possibly, under demonic influence. It’s the only thing that explains their irrational hatred for a man who has done so much for this country. Stand and pray for us, our country, and especially for our President, his family, and those patriots who are loyal to him.

        Liked by 1 person

    • Jan says:

      The people with 401ks are the hardest hit in the stock market crash.

      Liked by 2 people

      • Michael Hennessy says:

        Only if you panic and sell!

        Liked by 11 people

        • WVPatriot says:

          1987, was an example of market hysteria… most of those that did not fall for the fake news weathered the storm and were fine. Simplistic explanation.

          Liked by 3 people

          • Dutchman says:

            2008 “crash” as well. Those who remained calm, and left their 401k’ s alone, recovered all their ‘paper losses’ within a year or two, and went on to make money.

            And, make a lot more, since the 2016 election. This too shall pass, and the over-hyping, and criticism, will only backfire, causing MORE people to jump on the Trump train.

            Aa an aside, great article in todays,AmericanThinker, about how the virus could bring about an overdue revolution in education.

            Many students will move to online education, and once they see the advantages, stay after the virus burns itself out.

            Liked by 4 people

        • guidvce4 says:

          Exactly. Hang on and ride it out. Ignore the roller coaster behavior of the market at this time.

          Like

      • Vince says:

        If you don’t sell and are still employed, your future contributions will buy more stock per paycheck. One thing to remember is how much money flows into the markets from employee retirement savings. Like clockwork, every two weeks a fresh pile of money arrives at stock broker’s desks to be invested. It inevitably drives up the markets. Like a river current, the markets flow in one direction. The market can go down for short periods, but it can’t defy the current for long.

        Liked by 8 people

        • MVW says:

          Vince,
          Exactly, perfectly said, plus dividend reinvestment buys more shares during dips…. if the dips last long enough (this might not last long, it is not a bubble popping like usually happens and all the good things Trump has done are still in place – trade, regs, taxes, +4 more years).

          Take vitamin C, zinc lozenges, get a good dose of nightly sleep, don’t worry. (& don’t smoke)

          Liked by 4 people

      • livefreeordieguy says:

        Only until such time as the ‘railroad permit’ has been withdrawn…

        Liked by 1 person

    • dottygal says:

      And paid mighty capital gains.

      Like

    • L4grasshopper says:

      It’s not just the virus.

      The energy sector imploded when Saudi and Russia decided to go to war and the result was oil going from $55 to $30 — well under a minimum needed to sustain fracking almost everywhere.

      Liked by 5 people

      • dbobway says:

        We could fix this tomorrow.
        Let’s start using our own oil for us.
        And selling it to allies, who buy from Russia.
        That simple.

        Liked by 1 person

      • Big Jake says:

        Lower prices spur demand. It will be fine. Enjoy cheap summer driving!

        Liked by 2 people

        • fragemall says:

          The only silver lining to this market crash was i bought a new Ranger 1880ms w/ 200hp Mercury. Paid cash during the full handed days of early Feb. Not nearly as full handed now but maybe I’ll be able to buy gas if it’s cheaper.
          No, I’m disgusted w the swamp but I was fully invested in 87, 99, 09 and I have yet to ever sell anything in a panic. this, too, shall pass.

          Liked by 2 people

    • FPCHmom says:

      It’s the short term economic and social disruption that will happen. PDJT talked about it specifically in his very good press conference today with the Irish PM.

      Liked by 4 people

    • Deplorable Incisor says:

      The stock market crash is an orchestrated event. There is no uncertainty in the US market, it’s just Short Sellers attacking the US market while the DNC media acolytes stoke fear of coronavirus. Wouldn’t surprise me one bit if it’s Soros up to his old tricks, same as he tried (and almost succeeded) in doing to Britain. This is how George Soros made a fortune by short selling the British pound, and almost crashed their economy while doing it.
      I have every confidence in our President to make these people pay for what they are doing. He will act at the appropriate time and force them to lose a ton of money. He may also use the opportunity to take a few of them down as well. Nothing could be more fitting.

      Liked by 2 people

  3. GrandpaM says:

    Always “unexpectedly…”

    Liked by 2 people

  4. yearningabstractly says:

    Uplifting!

    Liked by 2 people

  5. Kirsty I says:

    God bless you, my sensible and brilliant friend.
    When we open our door to others, sharing all we have with whomever needs it,
    nobody can rob us,
    and our treasure, which is stored in Heaven where there is no Wall Street or moths or rust,
    will grow to the glory of our Beloved Father and the Lamb who allows us into His presence.

    Liked by 10 people

  6. bullnuke says:

    Those responsible for spreading doom and gloom are too stupid to realize this will pass and the economy will respond well before the election. They thought this would be the end of PDJT. They are truly evil people.

    Liked by 10 people

    • jwmson says:

      They don’t care. Anything to destroy DJT, USA, economy and We The People. And don’t think there are few members of Congress that give a dam**…Their are many, major pockets lined by China in the US Congress………….

      Liked by 4 people

    • jwmson says:

      Those responsible don’t care. Anything to destroy, DJT, the US economy and bring mass hysteria and fear…that’s the goal. And don’t think many Congressmen give a dam**…Far too many Congressional pockets lined by China to worry them…The $$ from China have been halted. Don’t forget McConnell’s wife and her family are major China biz people and make $millions and $millions that have probably been cut…..

      Like

    • dottygal says:

      I truly think the Dem’s (Pelosi, Schiff, et al) are in cahoots with the MSM. Did you know Adam Schiff has been sued by a large physicians and surgeons assoc? He ordered Amazon, Google and FB to remove information about vaccines posted by them! Who the hell does he think he is?! The Dem’s are pure evil and deserve whatever they get in the end at the tribunals. 🙂

      Liked by 4 people

  7. jumpinjarhead says:

    Very timely and very astute. I was wondering when some clear-headed thinking would burn through the panic.

    Liked by 1 person

  8. Clydeen says:

    Hate is all they have….sad!

    Liked by 1 person

  9. Menotrite says:

    Well said. Stay the course. Love the Ehrmann quote.

    Liked by 1 person

  10. 🍺Gunny66 says:

    Sundance,

    I have had that poster on my wall since 1971. Bought it at a Spencer’s Gifts in Western, PA

    Been all over the world with me…..in good times and bad……

    Still the words touch my spirit and are a comfort to my soul.

    Thank you.

    Liked by 7 people

  11. WeThePeople2016 says:

    Liked by 11 people

    • mugzey302 says:

      Hallelujah!!
      We know that pretty much everything from China is polluted with lead, arsenic, etc because their environment is a toilet of pollution.

      Like

  12. The Boss says:

    If you haven’t read the Pelican Brief, this might be a good time.

    Liked by 1 person

  13. Russ says:

    When you are in your mid 60s and have been essentially wiped out in the span of a few weeks, it’s pretty hard to get hopped up about a monthly job report. There aren’t enough years to get it back.
    I just can’t believe it….

    Liked by 1 person

    • Vince says:

      Try very hard not to sell. Even buy if you can. This will take one to two months of severe self quarantining, but after that there will be a lot of pent up demand. Except for toilet paper. The markets will come back much faster than after 2009.

      Liked by 9 people

    • John Smith says:

      As long as you don’t sale you have lost nothing and the market will be back to all time high in a few weeks. So don’t worry.

      Liked by 6 people

    • KJinCton says:

      Russ, I’m sorry to hear that. When Trump arrived in office the DJI was at 18,000 or so. It peaked a month ago at 29,568. It’s at 21,200 right now.

      Based on those numbers, you enjoyed a 64% increase under Trump and now you’ve seen that gain drop down to 17.7%….so, on average, you’re still up almost 18% over what you had in early November of 2016.

      When you say…”wiped out”, how much of a loss, percentage wise, have you experienced?

      Liked by 6 people

    • L4grasshopper says:

      If you were “wiped out”, then you had most or all of your assets in marketable instruments.

      The very LAST thing you should do is to sell now.

      Liked by 5 people

    • Dear Russ, Hang in there. You’ll get it back and more probably about as fast as you lost it. I’m in my mid-70s and have taken a HUGE loss in the last couple of weeks. But I’ve been there before (2008) It WILL come roaring back. Trust Trump.

      Liked by 5 people

    • boogywstew says:

      You plan on dying in the next year or two?

      Liked by 1 person

    • The Dark Lord says:

      you got wiped out by a 25% drop ??? hmm is that the new math ?

      Like

    • Deplorable Incisor says:

      How are you wiped out? The market is still up 20% from the day Trump took office.
      Stay the course, this too shall pass.

      Liked by 1 person

  14. Ploni says:

    for the world is full of trickery

    The world is a trick!

    In the words of the Torah, עַלְמָא דְשִׁקְרָא, alma d’shikra, a false world.

    Everything is Godliness. Godliness is everything, even what is physical and material. (Einstein called it Energy—the “E” in E=mc²—but in true it is Godliness, Godly energy.)

    And this virus too is from God . . . and though we don’t now understand it thoroughly, it too is good because everything from God is good.

    We all must reconnect with the Creator. (I believe many Americans are doing this right now.)

    Our president is highly competent and greatly caring.

    Good health for all always.

    Liked by 5 people

  15. PatriotKate says:

    If people can regain their common sense, this will hopefully end soon. I went to one of my favorite sandwich places today – right in the heart of lunch – and they were dead Said it had been that way for 2 weeks. My son is a Chef and their place has been really slow as well.

    I also tried to go to Costco today – not to stock up but because it’s the only place that sells my favorite coffee and some laundry detergent. I’ve never seen it like that before. The line on both sides and the middle extended almost to the back of the store, so I just left.

    Liked by 2 people

    • L4grasshopper says:

      We went to a local bar/restaurant for lunch today and it was as crowded as ever.

      Liked by 3 people

      • Sue says:

        Our restaurants and stores are as crowded as ever here in Tampa.
        Americans don’t have a long enough attention span for all these cancellations to last longer than 2 weeks. Then what?

        Liked by 3 people

    • frogman says:

      I went out shopping today, as work was cancelled for the week. The 3 stores Aldi, Walmart, and Ocean State were like Christmas with a big snowstorm thrown in or two. I needed to do laundry with bleach and only Ocean State had some; it was in the back on the top shelf I found an unopened box (advantage of being tall), as so I opened it and put it on the lower shelf and all was gone with in 3 minutes. I saw a women, at Ocean State, put over 4 massive bags of TP in her Mercedes SUV I could not help but laugh as it would be a lifetime supply for me from the day I was born. 🙂

      There are only 4 cases in my state, note some came from the EU and the media will only say they got it overseas. The media really hates POTUS, I am beginning to feel real sorry for him.

      I just need to buy many packages of muffin mix that does not need to add an egg, and set up humidifier.

      Liked by 3 people

      • Dutchman says:

        Hah, reminds me,…
        We (wife and I) live 20 miles from town, and Walmart.
        So, do our shopping once a month.
        Couple of months,ag, was doing shopping, usually get a,”jumbo” paper towels, and toilet paper, and put them in cart first, cause they take up so much room.
        So, going down the,aisle, with towels on bottom and toilet paper on top, and lady coming the other way said ;
        “OH, are they having a SALE on toilet paper?”
        I said right back “No, we’re just full of crap!” ,….poor lady ran into the shelves with her cart, from laughing!

        Smile, folks. This too shall pass!

        Liked by 3 people

      • Fake Nametag says:

        Just imagine the grocery sales numbers this quarter.

        Liked by 1 person

    • FrankieZee says:

      I went to a Trader Joes in St. Petersburg Florida this morning aand when I pulled into the parking lot, I thought they were giving stuff away, I have never seen it so crowded. A ;lot of panic buying.

      Liked by 2 people

  16. Sue says:

    He wrote that in 1927. I hope he was able to use its message during the soon-to-be
    Great Depression (US Stock Market Crash in 1929)
    I like the British phrase:
    “Keep calm and carry on”

    Liked by 6 people

  17. Dora says:

    Liked by 13 people

    • DesertRain says:

      I bet my last bag of Hersey chocolate bars on this being true… 🙂

      Liked by 3 people

    • MVW says:

      Shiva is a smart guy. This is not a plague, it is a bad cold or flu going around. Treat is like that. If you have a serious disease you have flu and cold viruses to worry with anyway.

      When the virus was first in China, the censorship and draconian actions taken by the CCP made this seem like some plague. Now the statistics are out… it ain’t. Still, take prudent, normal flu season precautions.

      The market is reacting as much for the oil price drop as it is for the Whu Flu. Watch what happens when earnings do well… greed!

      Liked by 3 people

    • Hat tip to one of our Treepers here………..Pandemic? or Dem Panic?

      Liked by 2 people

      • guidvce4 says:

        I’d say “Dem Panic” as that seems to be who it benefits, politically speaking. Or so the left seems to think at this time. Expect the backlash at any time.

        Like

  18. cjzak says:

    Harsh. There are alot of people whose retirement money is taking a hit. Saying you’re the smart one is not a good way of being a decent human being at this time. When your turn comes and you face a crisis and you will, I sure hope nobody says something like this to you.

    Liked by 1 person

  19. webgirlpdx says:

    Thank you for the incredible memory of the Desiderata Poem, Sundance. I still know it by heart, with fond memories of it in my childhood in the 1960-70’s, What a brilliant and lovely reminder.

    Liked by 2 people

  20. L4grasshopper says:

    “Entertainment, hospitality and leisure are likely to see the strongest initial impacts.”

    Also being annihilated in this thing is the energy sector. It is being hammered on both the demand side — lack of people consuming things that require energy — and the supply side: where Russia and Saudi Arabia are have of price war on oil where they are pumping as much as possible into an economy that doesn’t need it. Oil price is down from the recent 50s to around $30. Most fracking needs at least mid 40s to break even.

    This will have severe negative impact in Texas and other places where energy production, transportation, and refinement drives such a large chunk of the economy. Lots of people are going to lose their jobs, and lots of marginal drillers are going to go broke, and lots of transportation and storage companies are going to lay off lots of people.

    Which in turn will hit businesses where these people spend their money — leisure and entertainment; housing; and elective purchasing [stuff you want, but don’t need…like a new car].

    This energy sector implosion will exacerbate and — in my opinion — lengthen the duration of the economic slowdown markedly that the virus panic itself is generating.

    Once the panic over the virus ends — maybe in a couple months when the true nature of the risk is better known, and when vaccines are getting close to fruition to treat it — the economy will come back slower than it would have had the energy sector implosion not happened.

    We’ll get thru it. But thanks to the Left and the oil war, it’s going to take longer.

    Like

    • wondering999 says:

      I don’t particularly like fracking because of the effects on water supply. It’s my understanding that Trump wanted the shale oil fields to flourish so that we will have energy independence.

      A relative of mine works in the oilfields, and has been laid off once before, during a downturn before Trump came into office. It gave him an opportunity to come back to the hills and be with family while working temp. Americans don’t take long vacations like the Europeans and it can be rough to find the time to get to the woods and hills and kick back. So if the oil fields slow down… there will be other places that need labor, and maybe in between a few days of rest. Take the rest and relish it

      And, try to always have enough money on hand to pay at least half a year’s expenses. Hopefully he will have savings this time around

      Liked by 1 person

  21. IGiveUp says:

    I’ve heard Trump crowing about the stock market. That’s my line of work and I’ve always worried that those that take credit for the market will have to take blame for the downside too. We no longer have free markets in the US. Making the market an ally is dangerous.

    Liked by 1 person

    • L4grasshopper says:

      How is the market “not free”?

      Are people being forced to buy or sell anything?

      I’m sympathetic about your comment on the market and Trump, though. The market is not the economy…and the economy is not the market. However….they are related inasmuch as the market reflects what investors think about the economy at any given moment. Trump would have been wiser to avoid bragging so much about how well the market has done…because the market was always going to correct…as markets do.

      Liked by 1 person

      • IGiveUp says:

        “How is the market “not free”?”

        Interventions by the government or its allied institutions in equity markets.
        No enforcement of naked short selling of paper gold on Comex
        Lifelines to too-big-to-fail zombie institutions
        Bailouts of foreign banks
        Foreign exchange rate manipulations

        I could go on.

        Liked by 1 person

      • wondering999 says:

        Trump was directing attention to the economy so ordinary people could look there. The media is never going to acknowledge what Trump has done for the economy.

        Yes, the media and Uniparty hates Trump… and they also don’t know how to create jobs and prosperity for the millions of us who like to work (and play), but don’t live our lives around an overwhelming obsession with $$$$$. During the decades of UniParty rule they have screwed up massively. Trump is educating us, and because he was “boasting” the media will pay attention. I do not care. For richer or poorer, MAGA 2020.

        My curse for the Uniparty and media is that they should be impoverished. While I prefer prosperity, I can handle poverty and still love my life… but they CAN’T, massive wealth is their end-all and be-all. Boomerang on the way, losers

        Liked by 1 person

  22. Mike in a Truck says:

    I’m jumping on my motorcycle and headed down to Daytona- Houston- El Paso and back to N.C. Getting some really good motel deals. Ya’ll hunker down in your hovels waiting for that guy in black with the sickle but I’m gonna go and have me some fun.This C virus may kill a normal man but not me. Tally Ho!

    Liked by 9 people

  23. bkrg2 says:

    thank you Sundance for the calming words of wisdom.

    I especially like the house/railroad analogy – very helpful. I had to try to talk my mom off the ledge as I am managing her assets in retirement. Eventually gave up and made a few minor adjustments just to calm her fears…

    Also a great reminder that the stock market and economy are not identical.
    The MSM and Demonrats (same thing) have perfectly manipulated all the idiots in the world to tank the market. However, now they have their Demonrat administrations (and loving NBA) cancelling events in their juristictions. This will definitely hurt performance (and stock prices) of airlines, cruises, theaters, and other liesure companies. This really sucks as I believe the panic is way overblown.

    At this point we can hope for 2 things:
    1. Quick decline in the infection & mortality rates – we need to get people “back to normal” ASAP
    2. Demonrats don’t manipulate further “social distancing” to force everyone to stay inside homes – this would kill the economy (and stock market)

    Since these evil bastards own the media, I am certain #2 will be coming very soon…

    Liked by 1 person

    • FrankieZee says:

      I asked a question yesterday. When will the virus be over, when the medical experts say it is or when the Fake News says it is. You know the Fake News wants to control the narrative on this.

      Liked by 1 person

  24. Dogsrule says:

    Desiderata hangs on the wall of my parent’s house and has for the last 55 years. We all grew up with it. Thanks for printing it! Brings tears…

    Liked by 1 person

    • SouthernHeart says:

      I discovered the Desiderata hanging on my Uncle Scott’s wall in 1994.
      He was one of the wisest and best men I ever knew.
      Thanks for the memory, Sundance!

      Liked by 2 people

  25. czecharthur says:

    I do not want to say this, but I must warn everyone, in a week or two the numbers of unemployment claims form Las Vegas, Orlando and similar will skyrocket. In Las Vegas 10s of thousands of people are losing work as all the events are being canceled. It will not be pretty in this town and companies canceled everything all the way to July, so no work for many months.

    Liked by 1 person

    • wondering999 says:

      You may be right czecharthur. In which case the laid-off workers will be needed (if they are not sick) to tend to the groceries, deliveries, eldercare, food banks and much much more.

      I already self-quarantined for a two weeks after a flight out of California a few weeks ago. I’m retired, so it was easy to do that. And guess what? It was glorious to be home. I don’t get to stay home nearly enough in my life. Whoever is able to, should seize this limited opportunity to wind down a bit. Life is way too fast and there are family and friends to catch up with, garden with, help take care of Granma and Grandpa or others… take the lemon and make lemonade if you can

      Liked by 5 people

      • rvsueandcrew says:

        Great advice, wondering!

        Liked by 1 person

      • czecharthur says:

        I know you mean well, but these people make $150K a year, have mortgages and bills witch will not go away, and when they start missing payments they will pull other business under. Yes some people will be able to do what you suggesting, but I am not talking about few weeks, I am talking about months of no work .
        Remember to cancel an event is quick, put put it back on will take months.
        And the people who are causing this panic will never be punished for the carnage which is coming if this continues any longer. The virus will be dwarfed by human stupidity, which will kill many more then any virus can.

        Liked by 1 person

        • wondering999 says:

          czecharthur, like a great many other Deplorables, I’ve never been in the $150K/yr bracket; nor do I keep mortgages and bills when I can help it (frugal extremist). So I freely admit that I mean well, but don’t totally understand certain realities.

          However I do have some understanding. Have ancestors who were wiped out by warfare/economic misery (Europe) and the Great Depression here in the U.S. Dad told of his father breaking down in tears after a day when NOT A SINGLE CUSTOMER came through the door of his struggling business. I get that.

          However you may have seen the transcript a couple of days ago of our President’s meeting with banking leaders. They claimed that they should be able to help people through the rough patches of mortgages and other potential fiascos. I hope they are not lying (as so many others are wont to) do

          Liked by 1 person

  26. nuwildcat1977 says:

    Fortunately, we enter this crisis with a strong economy thanks to the leadership of President Trump. Speaking of leadership, can someone please explain why McConnell and Pelosi would not keep their respective houses in session until a fiscal package is worked out? The fact that they are heading home is appalling to me. This is playing a role in the stock market’s implosion.

    Liked by 2 people

  27. Russ says:

    Thank you all for your words of encouragement. Helps a lot. I know everyone is in the same boat. Many thanks

    Liked by 4 people

  28. Declan says:

    The numbers will get ugly until May or June. on’t mean to be a pessimist.

    Liked by 1 person

  29. Tiffthis says:

    Did trump just give 1.5 trillion to Wall Street?

    Like

  30. cherokeepeople says:

    so say what.the senate did go into recess.isn’t this what trump has been waiting for??

    Like

  31. candyman says:

    I missed ’87 and ’09 and sure as he$$ am not going to miss ’20.

    Liked by 2 people

  32. CNN_sucks says:

    President Trump should arrest people who are shorting the market. Let us see if Soros is one of them.

    Like

  33. Super Elite says:

    There once was an old gentleman who really loved his Bible. Someone asked him, “What is your favorite verse?”
    Whereupon he replied, “And it came to pass,”
    They said to him, “But that’s not a whole verse.”
    And then he said, “Well, that’s all you need.”

    Liked by 2 people

  34. StanH says:

    Very nice Sundance, and very profound…this too shall pass.

    A side note: A weird but prescient movie “12 Monkeys” came on today and I had it running in my office. The truncated premise the movie has to do with the release of biological weapon that kills 5 billion people. “Bruce Willis” …is sent from the dystopian future to stop it, very strange Terry Gilliam (Monty Python fame) …movie. But the subject matter was eerie.

    I was on a meeting with a man from Norway, Chicago, Miami, Omaha, San Francisco and Atlanta. Everyone is saying the same thing the world is hunkering down. My Norwegian associate says they have the military on the streets…just wow!

    Crazy times indeed. Hang tough, be cool and be prepared!

    Like

  35. ADDgolfer says:

    Now replace that RR track directly behind my home, with the final 8 mile leg of a 20+mile bike trail
    Is this a plus for our home value?
    (I personally miss that slow daily train. Been gone for years)

    Liked by 1 person

    • mugzey302 says:

      I live in a railroad town in western NY state, my Dad was a railroad man. Not so much traffic today, we now have a railroad museum. But this once was a terminal for 2 railroad companies.. Now we have a manufacturing company building high-speed rail cars, so the town’s economy is doing better. Love the sound of the engine whistle, it reminds me of the days it meant “Dad’s home”.

      Liked by 1 person

  36. TRUTH says:

    Funny how no one considers the Wuhan virus is a Chinese tool to retaliate against Trump’s tariffs and Phase 1 of the trade deal, and the Chinese; and perhaps the Russians and Saudis, due to the oil glut, are dumping stocks because they’re BROKE and need cash.

    Strategized with petulant Barry as an economic war with Trump and “We the People”, and the Barry / Dem follow up to “Russia! Russia! Russia! – Impeach! Impeach! Impeach!”

    So now it’s “VIRUS VIRUS VIRUS”! – with the hysteria initated by Rod Rosenstein’s sister at the CDC; to cover Rosie’s @ss.

    If the situation is so DIRE – where are all the sick people? They don’t exist.

    Trump has wasted THREE YEARS – it way past time he went on OFFENSE and Barry’s cabal is fully exposed and PROSECUTED

    Like

  37. dbobway says:

    In 1987 we had ‘Black Monday’ The stock Market tanked. Then began the biggest building boom in our country’s history. Middle America got low interest rates for mortgages, and my life as a carpenter, took off like no time in my 40 years, building things. It lasted until 2007. I didn’t get rich, but I put my wife and a daughter thru college, no debt. The falling of the stock market ‘forced’ the easy money rich to put their money into brick and mortar. They had to work for a change.
    The Reagan economy was strong and we carried the load, for our economy until ‘easy money’ were working to hard, so they created the mortgage bundle investment. They lowered the loan standards and lied about the ‘AAA’ credit rated these bundles were given.
    It failed in 2007, and sent us all home. We were already getting squeezed by illegal labor,
    It put me back to week to week, and thanks to policies created by Bush and Obama, put my work, as a career that could sustain a family, to working for the same wages as the illegal slaves, plus we Americans were more expensive to hire. I worked in a top ten growth area, we lost 80% of our building business overnight.
    Bush and Obama bailed out wall street and their crony faux ‘global warming to take over the world’,
    And left the rest of us, to fight for a dollar on our own.
    The President’s ideas to help the country, are aimed at everybody this time.
    The cheaters of easy money will have to wait a little while.
    President Trump needs to make a ‘distinct’ difference between how he wants to help our whole population and the Democrats don’t.
    The next 2 weeks are critical for the very fabric of our government and our citizens.
    Veto FISA !!!!
    If the Fed is going to help by aiming money in the right places.
    The people who can lose everything they have, in a month, need the most help.
    Stopping the payroll tax will help, just by the notion of doing it.
    SBA helping small business in a fair way, would do the same, that would be a first.
    Show us where all the money’s going.
    List all the pork the greedy Congress, wants to add to the relief.
    Draw a line between the left and their disregard for human beings, having to pay for their greed,
    While the Elite fly their private jets, to their palace caves, to party the virus away.
    No to big to fail, No 800 billion dollar ‘omnibus’ BS, a treasure chest, for bribing the rich and filling politicians pockets.
    The Middle Class is strong right now.
    And we’re battle tested.
    With the government putting a little wind to our backs,
    We’ll take this country to new heights, never seen before.

    Liked by 1 person

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