08 September 2020

Analogy of the Day

The US Economy is Having a Wile E Coyote Moment
Financial Times
The lead paragraph says it all:
In the well-known Looney Tunes cartoon, Wile E Coyote regularly runs off a cliff in pursuit of the Road Runner and is suspended in mid-air temporarily. When he looks down and realises his predicament, he falls into the canyon below. In real life, US consumers and businesses have just run straight off a cash cliff, now that extra federal assistance to small companies and unemployed workers has ended.
We are screwed, particularly when the heating season begins, and humidity drops, and viral infectivity increases.

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