Things are getting a little crazy
Updated: Mar 13, 2020
The last thing I wanted to do was turn this into a coronavirus blog, but I guess we’re here.
Within the last 24 hours:
-Colleges have canceled classes, with some, such as Harvard, going so far as to kick students off campus in 5 days which will directly and negatively impact poor students, international students on visas, and students who for various reasons can’t go home such as those who may be lgbtq, but don’t have family support
-The President of the US announced a 30 day Europe travel ban as a way to limit the spread of coronavirus in the United States effective in 2 days
-The NBA canceled the rest of the season, after a player tested positive for coronavirus
-Beloved actor Tom Hanks and his wife tested positive for coronavirus while in Australia
-The futures market tanked suggesting the market which already ended the day in bear territory, officially concluding the longest bull market run in history, would tank upon opening, possibly triggering more trading halts to prevent an all out sell off
I’ve been using the term dystopia to describe the world we’re living in right now and I stand by it. There is an inability and unwillingness for the US to test Americans for the virus, it’s clearly spreading quickly and negatively impacting the economy and health of so many.
I don’t think we’ve ever seen anything like this and so nobody is sure how it will all shakeout. Some MBA students are expressing concern about full time job opportunities not existing due to recessionary conditions, others want to be refunded part of their tuition for being asked to complete coursework remotely.
I personally worry about how those without health insurance, paid sick leave or the ability to self-quarantine will hold up as things inevitably get worse.