Wednesday, April 22, 2020

Georgia; South Carolina; and Tennessee want to reopen for business before May 4, 2020

On April 17, 2020, Texas Gov. Greg Abbott announced a statewide initiative to reopen businesses in the state on May 4. Georgia is reopening salons; gyms; tattoo parlors; etc. on April 24. Tennessee wants to reopen a majority of businesses on May 1, 2020. South Carolina has opened some retail businesses this week. Protestors have rushed the grounds of state capitol buildings in MA; PA; WI; MN; and VA in the past week. Should more Americans join the protests? In contrast, there are churches and hair salons that don't want to open up on April 24. Backlash will happen, and Georgia Gov. Brian Kemp wants to reopen businesses asap. Yet, Donald Trump is recommending now that Georgia should not reopen too quickly. Last week, Donald Trump tweeted 'Liberate Michigan' and he recommended other states to open. Today, he is in discord with Republican Governor Kemp. These actions continue to show that Donald Trump is a walking contradiction. Most of the protestors appear to be part of Trump's loyal supporters, which is ironic. From a medical standpoint, NY state continues to be the epicenter of covid-19 in the US. A covid-19 vaccine is not ready to the general public yet. Most states could do testing, through a drive thru type testing center. The testing needs to be affordable, and the vaccine may not be ready for 12-15 months. Widespread testing has to happen, and Michigan is one of the first states to do free diagnostic testing. As many of my readers know, AZ is the state of my residence. Businesses are closed until April 30, 2020 in the state lockdown. Arizona Gov. Doug Ducey has not made his final decision on the stay at home order, and whether businesses should stay closed or reopen. His decision for the stay at home order should be made in week of April 27th. The stay at home order should continue until May 10, 2020; according to G. Ripley. In this penultimate paragraph, the price of crude oil continues to plummet. The global demand for oil has decreased significantly, which is leading to lower prices. WTI (West Texas Intermediate)is the grade of crude oil used as a benchmark in oil pricing. Hundreds of oil companies could go bankrupt in the US, if oil prices are negative or barely positive. The forecast for Oil companies in the USA is a doomsday one. One of the main concerns is there will be no room to store those massive Oil barrels delivered in May 2020. In closing, this post covered certain Southern states reopening businesses; Covid-19 testing; stay-at-home orders; and the current Oil price debacle. Next week, the US economy will announce real GDP growth for the first quarter 2020. Some prominent economists are forecasting the US could announce a negative GDP, for the first quarter 2020. Is the US economy in the beginning of a recession; depression; or some other grim economic downfall without a true meaning? Observe the recession warning picture above. Peace in the USA!!

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