So far outside the box you can't even see the box from here.
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Tuesday, February 25, 2020
Dow dive no surprise
Here we are at a “primitive” campsite in the Ocala. Basically, what that means is that there’s no electricity or other hookups at the otherwise very civilized campsites. Today there was finally enough charge from the solar panels to fire up the computer.
After going on-line I discover that the stock market has taken a pretty good tumble while I wasn’t looking. That comes as no surprise. It was just a matter of time. With China’s economy pretty much shut down from the coronovirius, what did you expect to happen?
Eventually all those just-in-time goods, parts and supplies had to run out. The big question is: will the supply lines ever start up again? A number of companies were questioning the wisdom of foreign parts suppliers and manufacture even before the virus scare. Now they have strong incentive to keep more operations local.
In short term it’s going to be a mess. Businesses are going to pull back and hunker down. Eventually things will settle out to a new normal. Logically, it would make sense to manufacture back in the US again, even if it costs more. Things would be more expensive, but on the other hand there would be more US manufacturing jobs.
I’m not sure how agriculture would shake out. People still have to eat.
Of course, there could be enough disruptions in the system to really set everything back. If that happens, expect nations to turn to war. That’s what they do when they can’t solve internal problems. Once again, we are in for some interesting times.
I live in an area of NH known as the Great North Woods. I'm in my dome-i-cile out in the county with my lovely wife and a varying number of family and friends
-part red neck, part hippie but all country. Experimenting and enjoying the adventure of life.