When Does Our Fear of Covid-19 Go Away?

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In-Brief

1. Our fear of Covid-19 mostly goes away only when a number of important changes occur.
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. Joe Biden heads toward wrapping up a majority of the delegates needed to nominate him.
4. The US economy is being slowly re-opened and will probably begin a brisk recovery in the 3^rd quarter after a terrible 2^nd Both government spending and Fed monetary actions against the economic crisis have been unprecedented. They continue to increase. The stock markets signal a relatively quick rebound.
5. China last week began taking steps to crush the autonomy of Hong Kong. They are going to destroy the city-state as an international financial hub.