Objectively intelligent.

[sebastian_dangerfield]

It's fascinating to hear the reactions of friends and family and randoms one bumps into running necessary errands. They seem to be:

1. Investor Class

Fuck! Keep the markets open. We need liquidity. This isn't so bad. Everyone is overreacting. This is unfair. Things must go back to normal. I need yield. Who will think of the shareholders???

2. Workers Laid Off

Oh, well, month or two on unemployment. I guess govt will send me a check. They'll bar foreclosures and evictions. Crappy vacation.

3. Workers Working from Home

Okay. It's an adjustment. See the kids more. No commute. Kinda nice.

It's 3:00. Drinks?

4. Self-Employed/Indep Contractors

Fuck. I'm cooked.

5. Small Business Owners Selling Essential Services and Goods

Fuck. This blows. Do I have cash to sustain for a few months? I'll lay off everybody, run down the reserves and then feast on pent up demand when this ends.

6. Small Businesses Selling Non-Essential Services and Goods

Humming "The Wreck of the Edmund Fitzgerald."

7. Gig Workers

That $1000 check is going to have to go a long fuckin' way for me.
- - -

1 and 6 are facing life altering situations. I feel bad for the older people who just lost their retirements' values for the next three years at least. Cruel pain there. I feel nothing for the affluent shareholders who are freaking because the status quo retention system devised to protect them has now been busted. I'd say to them, "You could see a recession coming a long way before this hit, and you could also see this coming if you paid attention to foreign news... Should have gone to cash. But ya didn't."