I know that’s not what the Administration is telling you. I know there’s a ton of people saying that this is just the flu, and the flu kills 60 – 100K people every year, don’t fret this. I’ve heard both sides of the argument. Obviously this is my opinion only, but my take is that this is going to get ugly.
by Bob Rinear
The International Forecaster
I don’t even want to write today’s letter. Why? It’s not a happy time. But, let’s get to it.
For years, literally, I’ve been expecting a “black swan” event. However, what I had been planning for, was most likely 1) a war, or 2) the collapse of the monetary system, via the ripple effect of some horribly indebted banks.
Instead, we got the Corona-virus. That blindsided me. See, if they conjured up a war, oil would have soared higher. Certain sectors would have really run higher, and money was to be made. Instead, because the virus has people shut in and transportation down, oil’s crashing. No Sectors are being spared. Literally.
Everything is an upside down mess out there and rightfully so. You know about the supply chain issues, and how bad that’s going to get.