It has been 12 years since I first started this blog. It is funny how things repeat. This event is different than the previous housing and financial bust, in that it has effected all industries in the entire world. What is important in this event besides having a cash? Apparently toilet paper, hand sanitizer, and guns. Guns always make sense. When I was in the army many years ago toilet paper was always important when you were in the field. Hand sanitizer is a new one, but in the face of a virus it makes sense.
What did people learn from last time? Not as much as you would think. It has been 12 years and most the High School kids from back then are turning 30. The older people remember and have been restocking. In 2008 it wasn’t about the basics it was about whether to pay your mortgage or walk away or to sell your stock at the bottom. Today it is about will you have a job and are there enough supplies.
First off there are enough supplies and the government has pretty much assured that we will recover if we can just overcome the virus.
Lessons learned – do not trust the Chinese government- make America great – and become energy, manufacturing independent, become an exporter of everything.