Retail Reports And Economy Reopens As Investors Perk Up

Fear doesn’t exist anywhere except in the mind. Dale Carnegie

If you go through the most difficult circumstances imaginable for a human being, military service in a fighting capacity probably ranks somewhere at the top of the list. If you are familiar with history, you know that many lives are lost in war, often numbering millions. Yet, individuals are often enthusiastic about joining their country’s armed services. Maybe it’s love of country that drives them, maybe it’s finding a cause that is bigger than oneself. It could be belonging to a family which has multiple generations which have served. Whatever the reason, people are able to overcome their fears to help their country in confrontations where lives are at risk. Relative to war, the current environment in the globe is pretty tame, although it is certainly a challenge in other ways.

There is plenty of fear in the world about catching the virus from the general population. One of the issues the country faces is living with the stark reality the coronavirus will be with us for the foreseeable future. Statistically, less than one quarter of 1% of the global population has caught the disease. In the United States, it’s a little over one third of 1%. The mortality rate in the United States is currently at 5.90% of those who have caught the disease.

From a probability standpoint, fear is quite high relative to the most probable scenario, which is that the vast majority of citizens will be fine. Still, the world needs a permanent solution. Many companies are working on vaccines, plenty with vast financial resources, but that does not guarantee the world will find a cure. Until the world has multiple vaccines, and maybe just as important, an efficient way to manufacture and distribute billions of doses, the virus is part of the global outlook.

Consequently, accepting this reality and taking the steps necessary to have a functioning society while the infection is present is what is practical. We know the commonsense measures: social distancing, protecting the most vulnerable (nursing homes), avoiding large crowds, washing hands, proper protections (masks, ppe, facilities), expanded testing, and contact tracing (technology).

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Disclaimer: Thanks for reading the blog this week and if you have any questions or comments, please email me at information@y-hc.com. Y H & C Investments, Yale Bock, and the family of Yale Bock ...

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