Summary: CoVid is not over, the immediate infections will continue for a time, while the total lock downs are an over reaction, the threat is real, especially for those in high risk groups. While I don’t think there will be a “second wave” worse than the first wave, some up tick after lifting lock downs will likely occur. A return in fall is likely, again the entire doomsday worse than ever nonsense should stop, but some return is also possible. Worse we now know what government will do. We all need to be prepping right now for our own personal recovery plans. These plans need to be multi dimensional with multiple redundancies. They need to include plans for a fast recovery, a longer protracted recovery and a heavily interrupted recovery all in one. You need to prepare for being a person who gets back to normal fast or one that never does based on the common definition of “normal”. There is a lot to this, and if one thing has become clear in the past two months, I really hope it is this. Do not depend on government to take care of you or see to your needs. Join Me Today to Discuss… The three scenarios everyone sees as possible for the virus itself Total ebbing of the virus, no significant bounce back immediately or in the fall/winter An immediate spike in cases, hospitalizations and deaths upon reopening A true ebbing of the virus, not much rebound in summer but a big return in fall/winter Scenarios I find more likely The virus will almost disappear in some areas and continue to be a problem in others Sporadic clusters leading to incompetent and massive government over reactions in many regions While some bounce back occurs it will be mitigated by new treatments, significant immunity in the population, government still over reacts in many regions (my most likely pick) Economic recovery scenarios people are talking about A new “great depression” – I say only if this lock down lunacy continues A rapid and sharp economic recovery they call it V shaped A long slow protracted recovery, that is multi W shaped A long recession, something more akin to 08-09 but lasting longer My most likely views for what we face Major hiccups in the food supply chain, but not true shortages in the US Rapid increase of economic flux Education moves more online, more home school, etc More families move to making one stable income work (side hustles for the other half) Rapid uptick in the automation curve already coming Some jobs that have been eliminated never come back Massive buying out of failed businesses Massive increase in the credit market (commercial/consumer/everything) Fairly rapid Wall Street Recovery, much slower for main street Faster shift to solar and other alternative energy technologies What you need to do, what you need to ask yourself How far did this set me back and in what ways How fast can I get out of any and all consumer debt Did I skate though this, but am I still at risk What did this show me as to how I really want to live my life How prepared am I for this to happen again, even if it is not “this” What parts of my life are most at risk from this type of shut down What have I learned about my state and other states If you have children what have you learned about home based education What skills do I have, what skills do I lack What opportunities were revealed by this crisis What opportunities are likely to last if this crisis continues or ends Now like I say, write your own plan, what you do matters, especially now Resources for today’s show… Follow Life With Jack on Instagram TSP Facebook Group Join the Members Brigade Join Our Forum Walking To Freedom TspAz.com My Hero – Foo Fighters Sponsors of the Day Western Botanicals Bulk Ammo Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and he[...]
