Stay Optimistic America Will Be Back

So, the country is in the midst of adjusting to the Coronavirus global pandemic.  This will be a shorter posting, with just a collection of observations and a conclusion about the enduring strength of American industry.

First, nobody really knows what is going to happen with the economy moving forward.  Most of the intelligent analysis I’ve read suggests we are headed for a recession.  However the extend of the downturn will depend on a lot, including policymakers ability to respond effectively and the efficiency of our public health systems.

This is the biggest health crisis in living memory.  Literally nobody has ever seen something like this before. It is totally new, and as a result people are panic buying guns, alcohol, cleaning supplies and cheap carbohydrates.

Second, pretty much the whole United States is fearful and distracted.  I suspect what is happening is you’re starting to see some fraying of the seams of our infrastructure.  For example, I’ve been having more challenges with my internet and iPhone service, and my credit union is having problems with its interface.   I’m hearing the same from my family and colleagues as well – getting basic things done takes longer.

Third, when times are uncertain, don’t bet against America.  America has lived through the great depression, World War II, and the turbulence of the 1960s.  So, take heart. America will be back.

Here is a 2015 quote from Warren Buffet to illustrate this point.

??? 240 ????? ??’? ???? ? ???????? ??????? ?? ??? ??????? ???????, ??? ??? ?? ?? ???? ?? ?????. ???????’? ?????? ????? ?? ???????? ??? ?????????? ???? ???????? ?? ??? ???? ??? ?????? ????. ???????? ?????? ???????? ???????? ???? ?? ??????? ??? ??????? ???? ???? ????????. ???, ???, ???????’? ???? ???? ???? ??? ?????? ???? ????? ??????? ???.

So, readers, my take is: stay optimistic, America will be back.


This entry was posted in Economy and tagged , by James Hendrickson. Bookmark the permalink.

Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

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