All in the Battle

Small Business Help

Bye-Bye, Buybacks

China Puzzle

Global Recession

Lightning Round

Final Thoughts

A Personal Memory

In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists.

—Eric Hoffer

Greetings from Puerto Rico, where this frequent traveler is evidently home for an unusually long time.

I want to start today by thanking everyone for your kind wishes for my daughter, Amanda. She is now in rehab. Therapy is going well and she will go home soon. Her stroke was serious and would have been worse had her husband not discovered her quickly. They know what caused it, which can be controlled, and are optimistic about a full recovery.

Several readers, some who had experienced stroke themselves, sent encouragement and therapy suggestions. Many, many thanks. I have relayed all your messages to her caregivers. Reading through those messages and others, I was struck by your kindness, even in this stressful situation. The lockdowns and distancing seem to have created a hunger for connection. We are learning how much we need each other. The little things matter. We can’t shake hands or hug so we’re all trying, perhaps unconsciously, to “touch” in other ways.

The new coronavirus is touching us all, one way or another. The virus is infectious but so are the preventative measures. Today I’ll continue last week’s “postcard” format and at the end give you a lightening round of things I have come across, some good and some not. I hope some of what I tell you makes you as angry as it does me.

We are all trying to get our arms around this global event. None of us know the outcome yet, but we can still share notes and help each other through it. Your letters and emails help me and I hope this does the same for you.

Speaking of help, let me quickly remind you Mauldin Economics is offering a complimentary three-month subscription to our Healthy Returns premium service. There’s no obligation and all we need is your email address. Get started here.

Now, on with the show.