Covid-19 Market Update #12

So what is the news fit to print today?

KFC Suspends Its “Finger Lickin’ Good” Slogan Amid Coronavirus Outbreak

Thank God, I was really concerned that the corporate programming from KFC might override the CDC and public health officials advice on not touching your face. Personally, I’ve thought about going on a hand-rail-licking campaign just so I can get my personal exposure to COVID-19 off my 2020 Goal List.

“Half Of America Will Get Sick”: Here Is What Goldman Told 1,500 Clients In Its Emergency Sunday Conference Call

Burred deep in the above article is something very interesting, systemic risk. It is not something I have addressed in these fine emails, but now seems like a good time as any. Systemic risk is a negative event that occurs in one firm and spreads to the greater marketplace. Think Lehman and AIG in 2008. Now, according the soothsayers at Goldman, systemic risk is relatively low. I tend to agree – Bridgewater’s Alpha Fund imploded last week to little fanfare to counter-party firms, along with the rest of the market, but was not a catalyst for a market collapse.

The turbulence, lol – it is a crash, in the capital markets is caused by two things – corporate debt and a collapse in revenue from the virus.

Kid Rock’s Nashville Bar Refuses to Close Amid Coronavirus Concerns, Calls Mayor’s Mandate ‘Unconstitutional’

I just wonder what a lock-down will look like in the south. Abbott said he will not close bars and restaurants in Texas. We will see.

I am watching Trump’s presser at the time of this email. This quote is fascinating.

Trump said. ‘Therefore, my administration is recommending that all Americans, including the young and healthy work to engage in schooling from home when possible, avoid a gathering in groups of more than ten people, avoid discretionary travel and avoid eating and drinking in bars, restaurants, and public food courts.

SO…...here is what are we doing during Lockdown 2020.

Lots of real estate training; most of it free. We are going to be hosting a ton of free webinars and “lives” throughout the quarantine.

There are a few ways to enjoy our content:

Join the – Mr Texas Real Estate Facebook group

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Register for one of our online workshops

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See you online!

Jason Bible
Mr Texas Real Estate