Podcast

Governments around the world are struggling to answer: What’s the bigger priority, saving lives or the economy?

Lots of strong opinions on both sides and not lot a lot of agreement (yet).

China-style lockdowns are hard for most leaders to swallow, as they result in gut-wrentching economic losses, mass job layoffs, and supply shortages.

But keeping people at work or returning them too soon risks higher infection rates, likely overwhelming the health care system for *everyone*, likely resulting in a lot more avoidable deaths.

No matter the path chosen, reducing the rate of spread of the pandemic is something that benefits everyone.

Rich, famous, royal, powerful — it doesn’t matter, all socioeconomic strata are coming down with covid-19

As the coronavirus outbreak enters the BOOM! phase in a fast-increasing number of countries across the globe, world leaders are scrambling to implement tighter and tougher controls.

Sadly, most of these desperate official actions will be necessary but insufficient.

Finally some good news?

Several drugs show promise for treating covid-19.

With millions now living under home lockdown (or as it is more gently referred to, “mandatory shelter in place”) the serious reality of the coronavirus’ impact is sinking in.

Living within the confines of your home, squeezed in with family members, can be frustrating and stressful. Especially when you’re seeing your savings vaporize in the markets on a daily basis.

On top of that, many households aren’t receiving income while under lockdown. And many of those still with jobs are increasingly fearful that the longer this persists, the more likely their job will be lost in the coming mass layoffs.

The key to preserving your happiness and sanity during this undetermined period of house arrest will be maintaining your emotional resilience, as well as healthy relationships with those living under your roof.

Most of what we’re learning now abou covid-19 reinforces the conclusion that many, many people will become infected; the virus will be with us a long time; and the economic legacy will be massive and painful.