Wednesday, September 30, 2020

Mass layoff count

Disney, 28000 and Shell 9000.  

Nothing unexpected in a Black Swan pandemic killing seven times as many people as auto accidents. If you think about it a moment, instead of congestion covid wards we get auto accident wards, and about every day your downtown has a mass traffic jam from auto accidents.  Covid is not a conspiracy, though it is indeed better than having seven times the number of auto accidents.

Absent covid my expectation was a smooth, minor default contract, and move on with just a bunch miner recessions. My optimism grew when I compared Nixon, we survived the shock. It can be done a bit better and we survive with less stress. Then came covid.

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