The winners & losers backstory…
As of 3/22/2020 – with 26,668 US cases, 340 deaths and 176 recovered.
Now we know. The Chinese government unleashed this virus on the world by withholding vital information for several crucial weeks that could have helped the world prepare – in particular the United States and hardest hit Italy. China refused initial State Department requests to send medical professionals to assess and assist. Senior US intelligence advisors warned President Trump of the looming pandemic in January, but aside from barring all visitors from China, Trump insisted in a televised briefing that a “miracle” might resolve the problem.
In spite of dire requests by the governors of New York, California and Washington State over the past week for immediate activation of the Department of Defense Logistics Agency & the Corps of Engineers – to manage delivery of Personal Protection Equipment for medical staff and to build satellite hospital facilities – President Trump refused to do so as of March 22, 2020. Two Republican senators unloaded millions of dollars in stocks – allegedly all or most of their holdings – following secret intelligence agency briefings, while failing to inform the public of the looming emergency. The husband of one is the chairman of the New York Stock Exchange. The husband of a Senate democrat sold large quantities of stock in a single biotech company, while the Senator’s personal holdings remained in a blind trust and were not sold.
Acting like a President: New York Governor Andrew Cuomo, whose daily televised press conferences sustained, educated and calmed the nation – for at least 15 minutes when followed by a Trump briefing to the nation.
Winners: Pharmaceutical companies large and small working on life-saving virus drugs and vaccines. (No blame here. Let’s pray they succeed.)
Winners: Short-Sellers. The market had its worst drop in history, along with countless down days resulting in multiple periods of suspended trading.
Winners: Bad actors worldwide who have now learned how to bring down the US and global economies – in fact, to hold US and European nations hostage, but strangely not China, which is now reporting no additional deaths from the virus, with citizens returning to work/life/restaurants/cafes (albeit many wearing masks, which of course US citizens, let alone health care workers, still do not have).
Winners: The wealthy will not only get by, but they (and others sitting on cash) will buy stock at new lows – leading to many more millionaires and billionaires.
Losers: Just about every poor, lower income and middle class American, along with their children.
As of 3/8/2020, with 14 deaths in the US, media outlets and countless officials are declaring a pandemic.
Big Pharma: Target of the Bernie Sanders and Elizabeth Warren campaigns, villains in the opioid crisis…but now? How quickly will we forget? Big Pharma stocks are surging.
Chinese stock market (Pay Attention!): “While U.S. investors are grappling with a violent sell-off as the coronavirus spreads, their Chinese counterparts at the heart of the outbreak are back to making decent money again…China investors have already gone through the panic stage that their U.S. counterparts are experiencing now…” – Bloomberg.com
Security stocks are surging.
Price gougers and sanitizer companies are surging.
The Media: Hysteria Headline of the Day. “Deaths from coronavirus in Spain rise from 10 to 13” – TheGuardian.com
Freedom: Population control advocates: Italy bars over 10 million people, a quarter of their northern based population – from leaving their area. As of early reports, Italians are more panicked over enforced control of movement than the virus.
Fear Mongers: Political chaos, hatred, division. You know the script.
People who ride public transit and dare to fly. Buses, trains, airports and planes are being fully sanitized, perhaps for the first time in public memory? As in EVER? Why did it take them so long? Remember when we wrote about rusty shopping carts – and about an “organic” chain that didn’t seem to care? Rust can also be life-threatening. Or how about people who put children and “support” dogs in their carts? How about filthy check out counters?
Decimated Stock Markets: Millions – if not tens of millions – in the US watch retirement and non-retirement accounts drop like a rock.
Healthy part-time workers and freelancers prevented from doing their jobs – who may never recover lost incomes. [Updated on 3/22 – Given trillion dollar+ stimulus, part-time workers and freelancers may be covered for all of their lost income through April 30. More to come.]
Healthy full time workers prevented from doing their jobs – who might (or might not) recover lost opportunities and income.
The French retain a sense of humor. “It’s International Women’s Day and participants in events on the streets largely don’t seem to be letting coronavirus get in the way….Many held placards comparing the virus to gender inequality, with slogans reading “stop the patriarchal virus” and “stop the patriarchal pandemic”, whilst dressed in outfits which resemble hazmat suits.” – TheGuardian.com
To be continued…