The perfect storm. That phrase gets bandied about a lot these days. When it was coined it was supposed to refer to a black swan, a fat tail event, an unforeseeable act of G_d all wrapped around a rogue wave. In other words, once in a lifetime, maybe not even that often. But since moral hazard is part and parcel of the Global Debt Ponzi, everyone wants in on the act. So now when I hear perfect storm its a story about a man who lost his wallet and couldn't pay for the pizza he just ordered, or a woman who stubbed her toe and lost the nail, etc.
The Guardian now seems to think that recent unemployment increase is somehow an unforeseeable event that nobody could have planned for. They are calling corona bullshit "a perfect storm". Maybe it is. Or maybe people just know where the free food is being handed out and so they go there with long faces and pick up a couple boxes. It turns out that free stuff is always popular.
Folks, this is no Perfect Storm. There are no rogue waves here. This is just normal cycle bullshit with a novel face. Companies are quick to lay off because they are operating close to the margin on debt. In other words, not real companies, just debt zombies. This is not the real storm but it IS a preview at 1/500 scale of what is going to happen when the perfect storm does arrive. I wonder how many will hear the tsunami warnings and then just go down to economic beach and stand there while the 24 trillion dollar debt wave smashes this country to bits. It's obviously coming. Time is not out but its running out. Do something.
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