COVID-19: Winners and Losers

This is just off the top of my head. I wanted to pick three winners and three losers from the experience of quarantine and social distancing. (If you were hoping for a controversial political article…..this isn’t it. Move along, nothing here to see….)

WINNERS:

  • US Manufacturing. Unless all our politicians are totally stupid and incompetent (yes, the chances of that are not zero) there will be a political consensus of some type that will require certain products currently manufactured in China to be manufactured in the USA. Medical equipment and pharmaceuticals will head the list, but hopefully that list will include a fair number of products that we simply must have manufacturing capability (in part) for, and as consumers we’ll have to buck up and pay a little bit more for. And, that leads us to the next winner, which is…..

LOSERS:

  • Restaurants. I think it doubtless that high-density restaurants are going to have trouble packing them in at the same volumes they once did. Diners are going to demand more open space in restaurants, meaning fewer diners per hour in comparison to the past. And that concept leads us to our next loser, which is…..

Free markets, free minds. Question all narratives. If you think one political party is right and the other party is evil, the problem with our politics is you.