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When Does Fear of Covid-19 Turn to Anger Because of the Lockdown Consequences?

When Does Fear of Covid-19 Turn to Anger Because of the Lockdown Consequences?

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In-Brief

  1. Our fear of Covid-19 is gradually shifting to anger about the state lockdowns. That anger will continue to build and force political action by reluctant governors.
  2. The re-opening of the American economy and society is accelerating but it varies tremendously across the country and even within states. Public opinion is shifting rapidly in favor of re-opening.
  3. The riots, looting, and burning over the tragic killing of George Floyd may affect the November elections.
  4. Joe Biden will wrap up the majority of delegates needed to nominate him in the Tuesday, June 2 primaries.
  5. The US economy is being slowly re-opened and will probably begin a brisk recovery in the 3rd quarter after a terrible 2nd Both government spending and Fed monetary actions against the economic crisis have been unprecedented. They continue to increase. The stock markets continue to signal a relatively quick rebound as do an increasing number of economic indicators.
  6. China last week began taking steps to crush the autonomy of Hong Kong. They have now doomed the great city-state to the end of its status as an international financial hub. The destruction will take years, but it will happen.

FDR’s 1st Inaugural Address - 1933... “So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself...”

I never fully understood the importance of that brilliant quote before, but I do now. -AJT

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