California is now back in focus after Governor Gavin Newsome announced that they were going on lockdown again.
While the policy there is a chance that the policy may be effective, it does signal to the market that leaders are willing to go there again. This jeopardizes the outlook for a V-shaped recovery if it wasn’t already in doubt.
Now here’s the rest of the news:
Another Massive Collapse
Already, cases are rising in dozens of states. And the states seeing explosive growth in infections are taking an economic beating. But this is likely the beginning. In fact, the shocking data in a recent White House document (not intended for the public) suggests the unthinkable. 200,000 people could be infected every day leading to 3,000 deaths per day.
No wonder Moody’s Analytic chief economist told CNBC…
“If we get a second wave, it will be a depression.”
The warning signs are unmistakable!
Unemployment rates have fallen, Yes!
The decline in joblessness mostly occurred because employers invited back their furloughed workers as states reopened their economies. The chart [on the right] shows the worst hit industries:
“Success is simple, once you accept how hard it is.”
July 14, 2019
Because we’re afraid that we won’t like it, or that we will fail in our execution, we tend to overwhelm ourselves with questions and conditions, trying to figure everything out beforehand and guarantee that we will succeed before we even start.
“Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit at home and think about it. Get out and get busy.” – Dale Carnegie
The only way to get the answers you seek, to know for sure if the idea you have is worth trying, is by actually trying it. If you can get yourself to start executing, you will naturally create momentum, which will move you forward and into completion.
The more you do something, the less afraid you are of it, the more expertise you’ll gain along the way, and ultimately, this expertise will help you make connections, have new ideas, and come up with inno-vative ways of solving the problems you face, also known as inspiration!
Spectacular Sunday! 😉