Tag Archives: Resession

Words We Live By, a.k.a How Coronavirus has changed Language and taught us all Some New Words

Illustration show stock market falling

In an interconnected world consensus happens fast when a new thing needs to be named

The coronavirus is, as we all know by now, properly named covid-19 or at least the novel coronavirus. Could even be the new coronavirus, which is what “novel” is meant to convey. As you also probably already know, it is not named after a Mexican beer, but rather the fact that, presumably under a microscope, the virus looks like a crown or “corona”. And the “19” in covid-19 stands for the year of discovery, 2019, not that it is the 19th pandemic or 19th strain of the virus (go now and tell Kellyanne Conway).

If you are watching an interview on the pandemic and an expert or pundit is opining they are probably an epidemiologist which is a person who studies epidemics and is a word, and a group of people, you don’t hear much about except when the whole world is in the middle of one.

Read More: Lynxotic coverage of the cover-19 pandemic

As you read this you might be at home due to your state, city or county having issued a “stay-at-home order” which is a nice way of saying you are under lock-down. When you go out you will need a mask and, above all to practice social distancing. Oh, and that mask will theoretically need to be an N-95 medical grade one to protect not only others but you as well. But please don’t wear one as they are needed for medical professionals.

The N-95 is necessary because droplets coming from coughing, sneezing, breathing or even loud talking or singing (!) will be hanging in the air for many minutes. See illustration above for a graphic portrait off droplets in action.

Read More: “Deadliest Enemy”, Deep Background on Pandemics and the Danger of a Second Wave

Flattening the curve is a simple and yet complicated concept that has become part of folklore or at least our community consciousness. It refers not to stopping or conquering the virus, which is impossible, but to slowing the rate of new infections down to a tempo that is below the rate at which hospitals and government services can keep pace with the surge of new patients. Spreading the virus more slowly is the real goal of wearing masks, practicing social distancing and observing the stay-at-home orders.

What do we do during lockdown? Go shopping of course!

Also, we must all have at least a cursory understanding of the meaning of essential vs non-essential business and employment. Walmart is essential due to the huge grocery section and the much sought after paper products, but the areas where every other non-essential product are available remain open also. However, if your store looks like Walmart but has no grocery section you are non-essential.

Photo / Lynxotic

Amazon of course is the most essential business of all and it’s soon to be trillionaire owner can decide what products to favor with faster shipping and which to delay or try not to sell, even as they remain on sale. He owns our national supply chain now. but just be sure to use alcohol spray on the boxes and wait anywhere from 3 to 72 hours before opening. And when you wash your hands, which you must do many, many, many times a day be sure and sing happy birthday to yourself. Or set your timer for 20 seconds +.

Both gouging, which is a crime in many states but Amazon wants to be made into a federal crime so it can blame its individual marketplace sellers, and hoarding which everybody does, especially with paper products, are rampant and it’s just something to get used to.

After approximately 2 months, flattening the curve changes to F.U. to the Gov, as long as they are democrats

Anti-lockdown protests, which are never called anti-stay-at-home-order protests are also something to get used to. Noose imagery, nazi swastikas, calls to kill or lynch the governor and, naturally semi-automatic weapons with enough ammo cartridges to re-load at least half-a-dozen times are all ok, even inside the state capitol. Just be sure you are white. If so you will be designated as a “good person” by the guy in the White House.

We are all intimately familiar with that little town of 11 million residents in China they call Wuhan, and we know that they have both a notorious “wet-market”, Huanan Seafood Wholesale Market, where people occasionally also buy bats they plan to snack on, and we also know that the same little town has a, now famous lab where they had been studying coronavirus strains.

Depending on who you ask, the novel coronavirus, aka covid-19, had its origin in one of these two places and was released accidentally, or on purpose either by the chinese government or by the U.S. military and the they, or the bat eating customers and wholesalers are to blame for everything.

The coronavirus might kill you but when the pandemic is a pin prick to the largest bubble in history you will surely notice it

The outcome of all of this is still very mush uncertain, but the US government and the SBA have already issued stimulus checks, created the C.A.R.E.S. act, created programs such as the Paycheck Protection Program, The EIDL disaster loan program and beefed up unemployment payments by $600 per week, while extending the length in some cases that claims can last. This is all to combat the economic fallout from the pandemic, and, depending on who you ask is a recession or a depression and in any case is really, really bad and getting worse. This has created an unemployment spike as large as or larger than the 1930’s Great Depression peak and make the 2008 Financial Crisis look like a hiccup.

Oh, and they have spent already somewhere between $2-3 trillion dollars, not including the Federal Reserve‘s contribution to “infinite quantitative easing” and other measures. Las week the congress passed a bill for an additional $3 trillion of “stimulus” but this will change as the senate and the prez and not going to agree (not due to the size but because the “wrong” people will get the money).

A sequel to this glossary on the next chapter “post pandemic deflationary depression and words you will need to understand to survive” is in the works and will follow shortly, along with the eponymous depression itself. Cheers.


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5 Books that Could Shed light on our Time: Extraordinary Popular Delusions and The Madness of Crowds

Extraordinary Popular Delusions and The Madness of Crowds

Some of the best books written on human behavior and finance

The economy is in a precarious situation right now, as you are no doubt well aware, stemming from the novel coronavirus pandemic. Early March the stock market met with some unprecedented hits, as the Dow Jones Industrial Average slid to consecutive record percentage drops on the 9th, 12th, and 16th. Now, with many businesses remaining closed, or struggling to re-open, most consumers still forced to stay at home, with people living in near-panic, due to a well founded fear of infection, and many Americans are struggling to stay financially afloat.

At the very least throughout all of this, we have found more time to read books, and luckily, there are a few experts who have taken the time to write valuable and approachable texts on issues facing our convoluted global economic system. Here are five books that are worth turning to in these troubling times. While they might not be able to help us magically regain the stock market losses we’ve accumulated over the past few months, they can still give us some solace and understanding, with perspectives that could prevent something like this happening again. Perhaps even reveal ways to prosper in the coming phase II, Depression, Recession or Recovery.

Click to buy “Manias, Panics, and Crashes” and at the same time help Lynxotic and all Independent Local Bookstores

Manias, Panics, and Crashes: A History of Financial Crises, Seventh Edition

By Robert Z Aliber and Charles P Kindleberger

Originally published in 1978, “Manias, Panics, and Crashes” has evolved a lot over the years. This most recent seventh edition has aged well with experience, witnessing and learning from some of the most significant stock market events to take place over the past forty years. Economist Robert Z Aliber, originally working with the late Charles P Kindleberger, takes a wholistic view of financial crashes, seeing them as predictable events in an unstable system. Bookshop calls the edition “an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets”

Click to buy “Connectedness and Contagion” and at the same time help Lynxotic and all Independent Local Bookstores

Connectedness and Contagion: Protecting the Financial System from Panics

By Hal S Scott

In a move that seems almost prophetic given today’s situation, this 2016 book likens the financial system to a contagious disease. Partially a criticism of the 2010 Dodd-Frank Act, “Connectedness and Contagion” asserts that the government needs more control over Wall Street to limit creditors and prevent them from creating unethical, potentially dangerous situations. Harvard Law Professor Hal S Scott throughly researched this highly intellectual read, which Bookshop sums up as “an argument that contagion is the most significant risk facing the financial system and that Dodd¬Frank has reduced the government’s ability to respond effectively.” Sounds like prescience to us!

Click to buy “The Infinite Game” and at the same time help Lynxotic and all Independent Local Bookstores

The Infinite Game

By Simon Sinek

A more contemporary title, “The Infinite Game” was published in October 2019, and it likens global economics to an elaborate game with ever-changing players, fluid rules, and no predetermined endpoint or objective. Motivational speaker and writer Simon Sinek offers readers ideas on how to navigate such a game, for doing so certainly breaks from conventional goal-oriented mindsets. According to Sinek, the required cognitive state for “winning” involves remaining focused, but also adaptable, to attain longterm achievements. Bookshop calls it “a bold framework for leadership in today’s ever-changing world,” and a useful text for situations far beyond the stock market.

Click to buy “Extraordinary Popular Delusions and The Madness of Crowds” and at the same time
help Lynxotic and all Independent Local Bookstores

Extraordinary Popular Delusions and The Madness of Crowds

By Charles MacKay

Originally published in 1841 by Scottish poet Charles MacKay, “Extraordinary Popular Delusions and The Madness of Crowds” is a bona fide classic and a must on every economics zealot’s bookshelf. Although written at the height of Western modernity, MacKay’s book holds up to this day as a an early analysis of the intersections between economics and culture throughout history. Despite it sounding cliché, we can indeed learn lots about the present by looking to the past. Bookshop, selling a 2016 Createspace Independent Publishing Platform edition of the book, calls it “highly readable and accessible even today.”

Click to buy “Incerto (series)” and at the same time help Lynxotic and all Independent Local Bookstores

Incerto (series)

By Nassim Nicholas Taleb

“Incerto” is not one book, but four— “Fooled By Randomness,” “The Black Swan,” “The Bed Of Procrustes” and “Antifragile.” All penned by statistics essayist Nassim Nicholas Taleb and respectively published in 2001, 2007, 2010 and 2012, the “Incerto” series is all about risk, error, and probability in our difficult-to-predict world. Taleb takes both contemporary and past events into account, mulling over abstract human illusion and myths as well as down-to-earth psychological, technological, and economic occurrences. As a whole, the series sheds light on many things that seem to be anomalies in our modern lives. Bookshop— which is selling the series in one, extended-edition collection— calls “Incerto” “a landmark” and a helpful map for “decision-making in a world we don’t understand.”


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