Things are changing rapidly with the Covid-19 virus and things can seem a little chaotic. In this week's boralogue, John stays out of the weeds and looks at where things are heading. There are several different possibilities for the financial market following this black swan event. No matter the direction, though, the same tired responses that have failed in the past, will fail again.
Following up on the boralogue, John welcomes to the show Retired Air Force Brigadier General Robert Spalding (www.hudson.org), who highlights how China is using our capital markets to fund their own initiatives, many of which are not beneficial to the U.S. or to freedom in general.
So what is the future of the economy? Author and longtime Money Manager Dan Perkins (www.danperkinsatsanibel.com) takes a close look at the reactions and panic surrounding this crisis and where he sees the markets and the global economy heading.
John finishes up this week with an important look at the changing geopolitical chessboard, featuring Russia, China, the U.S., Europe, and the Middle East.
John's quote of the week:
"The world is bloated with debt and a sound economy is needed to service that debt. This crisis, whether you think it's a real crisis or an imagined crisis or a deep crisis, the emotional, psychological response at the end of the day is what is going to drive this whole global economy."
On this week's extra segment, we play a double feature of H1N1 coverage from a decade ago. First up is ENT Specialist Dr. Elaina George from November 2009, who discusses the lethality of that virus compared to others as well as the potential danger in vaccines. We follow that up with the late great Dr. Stan Monteith from April 2010, who also examines vaccines and goes into the hype surrounding the H1N1 pandemic.