Cockeyed Pessimist

We hope for the best but plan for the worst. When it comes to the current pandemic the last one started in the spring of 1918, got worse in the fall of 1918 and then tapered off into 1919. The experts are telling us that at best we are not going to have a vaccine for the corona virus for at least a year and a half.

If that is true then worst case is a large number of companies going bankrupt and with the West already drowning in public debt likely to get much worse as tax bases decline while government borrowing increases. We could then be facing a major depression sooner as opposed to later. If the democrats hold both the White House and Congress look for huge increases in spending and taxes.

And that is all I’m going to say about that!