Police-Less* Humanity...

Salute to late retired St. Louis Police Captain David Dorn. RIP.

Depressed by the Wuhan virus lockdown, loss of freedom, facemask induced impersonal attitude on humanity, fear of personal safety and economic apocalypse, anger, and frustration … are peaking into a convenient riot for hate for racial/tribal inequality and injustice. Malevolence and frustration are propelling opportunistic demonstrators into riot, destruction, murder, and demand disbanding police forces… And many spineless and myopic politicians are caving into the lawlessness and plunging humanity into dystopia without peace officers. Do you know any developed city without police? Think about this… Is this the change you want? Meanwhile, demonstrations around the country and the world has caused spike-up of the Chinese coronavirus infection. The second wave of infection may be crushing the plans to reopen the economy and rectify the lockdown. Get used to the uncertainty and think about your plan for the society without peace officers or policing. 

(Police-Less* is not a recognized word... It's my coined word through recent riots...)

‘SMS’ Highlights of the week of 2020 (June 7 – June 13, 2020) 

1.  City Without Police…?  Minneapolis demonstrators are demanding defunding police. And, Seattle has been taken over by the rioter, and politicians are backing off from the lawlessness. Seattle, as protesters have created an "autonomous zone" by an abandoned police precinct. Meanwhile, President Trump has threatened to intervene, and will not allow anarchist to occupy Seattle, but Mayor Jenny Durkan called the action would be "unlawful" and "illegal." City streets are occupied with festival-like activities and tribal warlords are stealing everything and from everyone… Many believe these demonstrations are fueled and funded by the domestic and foreign haters seeking to destroy America. Now, lawlessness and hate rule the streets. And, the riots, racism, policing incidents may force the rule of engagement to play out into more uncertainty in Seattle, Minneapolis, and other cities soon. Can you imagine…?  Unfortunately, community leaders are pandering and discussing changes to the police, including a world without police. Safety, health, security, and peace be dammed…  

2.  Depression by Pandemic. roof... Coronavirus pandemic has caused a shortage of antidepressants.  According to a research report, one-third of US adults are now showing signs of depression or anxiety. More Americans turning to anxiety medication amid coronavirus pandemics. And pandemic threatens to deepen the crisis in mental health care. It isn’t just toilet paper and anti-bacterial wipes that the coronavirus pandemic has made hard to get. Bloomberg notes that Zoloft prescriptions rose 12% year-over-year to 4.9 million in March, the highest-ever level in the US. A month later, the prescriptions decreased to 4.5 million. Zoloft was first approved for use in 1991 and is prescribed to treat issues such as depression, post-traumatic stress disorder, and obsessive-compulsive disorder. A spokesperson for Pfizer, which produces Zoloft, told Bloomberg the company produces its own active ingredients for the drug. Take a deep breath and take care of your mental health now. No one is going to help you. 

3.  Fed’s Economic Forecasts Uncertain Future.     At a time when fears of a second round of Covid-19 infections are heightened, DOW dropping eye-popping, scary 1,860+ points.  The Fed’s sketchy outlook precipitated a wicked Thursday market slide. Very painful! Blood on the market. (Is this opportunity or disaster…?) Markets have been wrestling with the uncertain path of both the economy and the coronavirus. The Federal Reserve’s economic outlook isn’t so much pessimistic as it is uncertain, with expectations running a wide gamut from a plodding recovery to a sharp rebound. For 2020, the median expectation was for a GDP decline of 6.5%. But that was merely the midpoint of forecasts that ranged all the way from -10% to -4.2%.  Powell notes ‘high level of uncertainty’. Indeed, Fed Chairman J. Powell has been emphasizing that even with all of the rescue funding that the central bank and Congress have been providing, the strength of the recovery is largely dependent on the path of the coronavirus.  “Given the unusually high level of uncertainty about the outlook, many participants noted that they see a number of reasonably likely paths for the economy and that’s not possible to identify with confidence a single path as the most likely one.”  Let’s hope Powell is wrong.  Hmmmm.

Global Coronavirus status as of 6-12-2020:  7,618,000+ cases; 424,600+ dead;  US cases: 2,044,000+; US Dead: 114,480+  Details @: https://coronavirus.jhu.edu/map.html

6/12/2020:   DOW-25,605; S&P500-3,041; NASDAQ-9,588; Gold $1,737.30; Oil-$36.56;   US 10-Year: 0.71% 

Mahalo. I welcome and value your thoughtful comments, “like” and “share” of this publication. 

~ S. Vincent Shin

    www.dhirubhai.net/in/vshin

“Stay Curious” and “Think for Yourself” and always decide on your own term. This is my research and analysis of the highlights of the events that shake, move, and shape the market and people. Perhaps you should take a closer look at them, do additional research and analysis if these are interesting to you. This “SMS” weekly Highlights is presented for general knowledge, the resource for management, and perhaps as a tool for career development, and building wealth.

References and Image credits to Bloomberg News, The Wall Street Journals, Getty image, AP Photo, Reuters, CNBC, NBC News, Auto Spies..., and special thanks to Image & Visual Consultant @U.Y. All references, news, and images are from open source and public domain.