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Showing posts from April 15, 2020

Covid-19 and May 1, 2020

Covid-19 and May 1, 2020
I read and heard a lot of material about Covid-19 here in Ontario that would have the crisis end on April 6, coinciding neatly with the return of children to school. That didn’t work out. Now, there is vague talk about some time in May or perhaps the crisis extending all the way into Fall. The truth is, of course, that no one knows when it will end.
We can expect that with the coming of May 1 and a new round of mortgage, rent and other bill payments, the initial shock will turn into conditions that will last for several months. By the end of April, the impact of the shutdown of the economy and the health crisis in the medical system should be more clear. The array of government and corporate programs intended to counter the effects should be having their effects. The various financial markets should have absorbed the new realities by May 1.
One significant concern that will emerge by the end of April will be our supply chains for food and other essential goods. …