EDWISE  - EDITOR AND EDUCATION CONSULTANT
My Blog

financial exposure

DON'T LET ANYONE SAY THAT THE COVID-19 PANDEMIC IS THE CAUSE OF ECONOMIC CRISIS! The global economy has been in perpetual crisis and headed for a total failure by the fall of 2019.

Signs of collapse at end of 2019
-A string of mass layoffs and bankruptcies occurred in the corporate world as of October 2019.
-Most people do not have sufficient savings for an emergency situation or a short period without income; they are living paycheque to paycheque. That is why many people do not have means to pay rent etc. after just two weeks of unemployment/ lack of business revenue.
-Consumer debt, many national debts and national state liabilities were already at an all-time high, most notably in the US and Western Europe societies. Too heavy a reliance on financial sector, especially with respect to borrowing/ lending.
-Middle class' debt was exploding, with many of them losing homes in Germany, US, Australia and elsewhere.
-inflation, especially in housing market, which has been out of control
-More displaced and homeless people, with movements to survive by nomadic lifestyle, tiny houses, 
-Airlines have been having a hard time of it, regardless of pandemic conditions.
-Banks have been on the brink of failing in US and Europe and 4 major banks in China fell. Millions are not making payments on mortgages and other loans.
-Extremely uneven development with misaligned priorities, giving petroleum, weapons, luxury items, leisure IT priority over food, health and housing.

This situation of the pandemic exposes the weaknesses of the economy and social structure. Ironically, steps being taken to cope with the pandemic show how easy it is to mobilize socially, financially and industrially for the social good; for example, aerospace companies, which mostly serve military and commercial needs, are starting to make health and nutrition products. Same for automobile manufacturers. 

We also see how many who have been relying a lot on restaurants could be cooking at home. This change requires reconfiguration of the food supply and servicing.

Another favourable outcome is that it is easy to have many people work from home, which cuts down on traffic, fossil fuel usage and air pollution. Have you noticed how much lower gasoline prices are at the pumps?--for example, I saw one service station offering self-served gasoline at the pumps for $1.06, the lowest price I have seen in decades.

94 Comments to financial exposure:

Comments RSS
ben on April 2, 2020 1:20 AM
try
Reply to comment


professional resume writing services on April 28, 2020 1:45 AM
I couldn't agree more. There have been cracks in the economy pre-COVID-19. The pandemic exposed those cracks wide open. The global economy is on a standstill and we don't know when it will be restarted. As much as people want to have things return to the way they were, it isn't possible until a cure or vaccine is found. Are we facing a collapsed economy? Most probably but it is not worth opening the markets when the pandemic rages on. The cost to human life is just too much.
Reply to comment


essay代 on May 7, 2020 9:09 PM
Pretty good post. I have just stumbled upon your blog and enjoyed reading your blog posts very much. I am looking for new posts to get more precious info. Big thanks for the useful info.
Reply to comment


acim online movie on May 11, 2020 8:31 AM
I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article.
Reply to comment


Buy weed online UK on May 11, 2020 6:02 PM
`I have been impressed after read this because of some quality work and informative thoughts. I just want to say thanks for the writer and wish you all the best for coming! Your exuberance is refreshing.
Reply to comment


buy moonrocks online on May 12, 2020 6:10 PM
This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free.
Reply to comment


加拿大论文代写 on May 13, 2020 9:18 PM
Thanks so much for sharing this awesome info! I am looking forward to see more postsby you!
Reply to comment


top front end developers on June 1, 2020 12:23 AM
I found this is an informative and interesting post so i think so it is very useful and knowledgeable. I would like to thank you for the efforts you have made in writing this article.
Reply to comment


top web development companies on June 1, 2020 11:14 PM
This is a great article thanks for sharing this informative information. I will visit your blog regularly for some latest post. I will visit your blog regularly for Some latest post.
Reply to comment


web design agency on June 2, 2020 6:16 PM
Thank you for helping people get the information they need. Great stuff as usual. Keep up the great work!!!
Reply to comment


logo designers on June 2, 2020 8:33 PM
Thanks for providing recent updates regarding the concern, I look forward to read more.
Reply to comment


best logo design company on June 2, 2020 11:11 PM
I have read a few of the articles on your website now, and I really like your style of blogging. I added it to my favorites blog site list and will be checking back soon. Please check out my site as well and let me know what you think.
Reply to comment


cheapest place to buy juul pods on June 4, 2020 6:48 PM
Wow, excellent post. I'd like to draft like this too - taking time and real hard work to make a great article. This post has encouraged me to write some posts that I am going to write soon.
Reply to comment


credit repair business on June 6, 2020 6:31 PM
An fascinating discussion is value comment. I think that it is best to write extra on this matter, it won’t be a taboo topic however generally people are not enough to talk on such topics. To the next. Cheers
Reply to comment


local swingers on June 8, 2020 4:34 PM
It is a great website.. The Design looks very good.. Keep working like that!.
Reply to comment


ufabet on June 8, 2020 6:15 PM
Wow, excellent post. I'd like to draft like this too - taking time and real hard work to make a great article. This post has encouraged me to write some posts that I am going to write soon.
Reply to comment


dark web sites on June 9, 2020 3:58 PM
You understand your projects stand out of the crowd. There is something unique about them. It seems to me all of them are brilliant.
Reply to comment


new york web designs on June 10, 2020 5:49 PM
This article gives the light in which we can observe the reality. This is very nice one and gives indepth information. Thanks for this nice article.
Reply to comment


web design in new york on June 11, 2020 6:18 PM
Excellent .. Amazing .. I’ll bookmark your blog and take the feeds also…I’m happy to find so many useful info here in the post, we need work out more techniques in this regard, thanks for sharing.
Reply to comment


ny web design firms on June 11, 2020 9:27 PM
Nice knowledge gaining article. This post is really the best on this valuable topic.
Reply to comment


Alicia N. Murray on June 11, 2020 11:19 PM
I am continually amazed by the amount of information available on this subject. What you presented was well researched and well worded in order to get your stand on this across to all your readers. web design new york
Reply to comment


ceme online idn on June 13, 2020 9:25 PM
I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up.
Reply to comment


https://www.adultdatingsites.review/bdsm-dating-sites.html on June 14, 2020 2:40 PM
Thanks for an interesting blog. What else may I get that sort of info written in such a perfect approach? I have an undertaking that I am just now operating on, and I have been on the lookout for such info.
Reply to comment


เดิมพันฟุตบอลเ on June 20, 2020 9:22 PM
Thanks for your insight for your fantastic posting. I’m glad I have taken the time to see this.
Reply to comment


current accounts in saudi arabia on June 24, 2020 8:22 PM
Pretty nice post. I just stumbled upon your weblog and wanted to say that I have really enjoyed browsing your blog posts. After all I’ll be subscribing to your feed and I hope you write again soon!
Reply to comment


roblox gift card generator on June 25, 2020 7:52 PM
Your articles are inventive. I am looking forward to reading the plethora of articles that you have linked here. Thumbs up!
Reply to comment


Buy Multi parameter patient Monitor on June 27, 2020 4:42 PM
This is a great inspiring article.I am pretty much pleased with your good work.You put really very helpful information. Keep it up. Keep blogging. Looking to reading your next post.
Reply to comment


Lions Breath Carts on July 1, 2020 9:46 PM
Hello There. I found your blog using msn. This is an extremely well written article. I will be sure to bookmark it and return to read more of your useful information. Thanks for the post. I’ll certainly comeback.
Reply to comment


swingers sites on July 2, 2020 10:56 PM
Thankyou for this wondrous post, I am glad I observed this website on yahoo.
Reply to comment


bitcoin mixer on July 7, 2020 8:00 PM
Thanks for the blog loaded with so many information. Stopping by your blog helped me to get what I was looking for.
Reply to comment


lexispoker on July 9, 2020 11:32 PM
Thank you for very usefull information..
Reply to comment


Filmyzilla on July 15, 2020 4:40 PM
You completed a few fine points there. I did a search on the subject and found nearly all persons will go along with with your blog.
Reply to comment


催情藥 on July 16, 2020 9:24 PM
Yes i am totally agreed with this article and i just want say that this article is very nice and very informative article.I will make sure to be reading your blog more. You made a good point but I can't help but wonder, what about the other side? !!!!!!Thanks
Reply to comment


บาคาร่าคืออะไร on July 16, 2020 11:25 PM
Yes i am totally agreed with this article and i just want say that this article is very nice and very informative article.I will make sure to be reading your blog more. You made a good point but I can't help but wonder, what about the other side? !!!!!!Thanks
Reply to comment


Jason E. Thomas on July 18, 2020 10:25 PM
You understand your projects stand out of the crowd. There is something unique about them. It seems to me all of them are brilliant. seo singapore
Reply to comment


188bet on July 20, 2020 10:49 PM
Awesome article! I want people to know just how good this information is in your article. It’s interesting, compelling content. Your views are much like my own concerning this subject.
Reply to comment


토토코드 on July 21, 2020 9:13 PM
Took me time to read all the comments, but I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! It’s always nice when you can not only be informed, but also entertained!
Reply to comment


w88 on July 23, 2020 5:24 PM
Your article has piqued a lot of positive interest. I can see why since you have done such a good job of making it interesting.
Reply to comment


토토사이트 on July 23, 2020 8:05 PM
I am incapable of reading articles online very often, but I’m happy I did today. It is very well written, and your points are well-expressed. I request you warmly, please, don’t ever stop writing.
Reply to comment


토토사이트 on July 25, 2020 9:16 PM
Thanks for a very interesting blog. What else may I get that kind of info written in such a perfect approach? I’ve a undertaking that I am simply now operating on, and I have been at the look out for such info.
Reply to comment


토토사이트 on July 25, 2020 10:17 PM
Thanks for a very interesting blog. What else may I get that kind of info written in such a perfect approach? I’ve a undertaking that I am simply now operating on, and I have been at the look out for such info.
Reply to comment


modelagem 3d on July 25, 2020 11:35 PM
Great job for publishing such a beneficial web site. Your web log isn’t only useful but it is additionally really creative too.
Reply to comment


canadian online casino reviews on July 29, 2020 7:46 PM
Hello There. I found your blog using msn. This is an extremely well written article. I will be sure to bookmark it and return to read more of your useful information. Thanks for the post. I’ll certainly comeback.
Reply to comment


Forex signals on August 5, 2020 10:25 PM
Thank you very much for this great post.
Reply to comment


smm panel pakistan on August 6, 2020 6:15 PM
Pretty nice post. I just stumbled upon your weblog and wanted to say that I have really enjoyed browsing your blog posts. After all I’ll be subscribing to your feed and I hope you write again soon!
Reply to comment


super electric mops on August 6, 2020 9:14 PM
Thank you very much for this great post.
Reply to comment


8 ball pool monster cue link is here on August 8, 2020 8:46 PM
Thank you very much for this great post.
Reply to comment


free pubg pc on August 8, 2020 11:25 PM
Thank you very much for this great post.
Reply to comment


dark web links on August 9, 2020 1:17 AM
Thanks for the blog filled with so many information. Stopping by your blog helped me to get what I was looking for. Now my task has become as easy as ABC.
Reply to comment


lions breath carts on August 9, 2020 4:32 PM
I read that Post and got it fine and informative.
Reply to comment


Juan Kelly on August 9, 2020 5:15 PM
I wanted to thank you for this excellent read!! I definitely loved every little bit of it. I have you bookmarked your site to check out the new stuff you post. follow this link >>>
Reply to comment


the bowmasters on August 9, 2020 8:43 PM
Thank you very much for this great post.
Reply to comment


orndorcas on August 9, 2020 11:25 PM
This is a great post. I like this topic.This site has lots of advantage.I found many interesting things from this site. It helps me in many ways.Thanks for posting this again. prodigy math for kids
Reply to comment


먹튀검증 on August 10, 2020 12:03 AM
Thank you very much for this great post.
Reply to comment


Lathe machine price in Pakistan on August 10, 2020 1:15 AM
Wow, What an Outstanding post. I found this too much informatics. It is what I was seeking for. I would like to recommend you that please keep sharing such type of info.If possible, Thanks.
Reply to comment


안전공원추천 on August 10, 2020 4:24 PM
Thank you very much for this great post.
Reply to comment


안전공원추천 on August 10, 2020 6:12 PM
Thank you very much for this great post.
Reply to comment


ดูหนังออนไลน์ on August 11, 2020 11:03 PM
Thank you very much for this great post.
Reply to comment


คาสิโนออนไลน์ on August 13, 2020 6:34 PM
Thank you very much for this great post.
Reply to comment


Nike Shoes on August 14, 2020 11:36 AM
Reply to comment


sell csgo skins on August 15, 2020 6:32 PM
Thank you very much for this great post.
Reply to comment


slotxo on August 16, 2020 7:47 PM
Thanks for the blog post buddy! Keep them coming...
Reply to comment


sa gaming on August 16, 2020 9:29 PM
Thanks for the blog post buddy! Keep them coming...
Reply to comment


Anchor - canadian online casino reviews on August 16, 2020 11:39 PM
Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I'll be subscribing to your feed and I hope you post again soon. Big thanks for the useful info.
Reply to comment


https://games.crossfit.com/athlete/258156 on August 17, 2020 6:01 PM
Check out Hastings Troy Images and follow Hastings Troy on Twitter, Instagram. Hastings Troy videos on YouTube. There are also some cool websites about Troy Hastings too. The official source on Hastings Troy and more informatation on Wikipedia. News articles and blogs.
Reply to comment


https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww%2Elinkedin%2Ecom%2Fsear on August 17, 2020 9:31 PM
Check out Hastings Troy Images and follow Hastings Troy on Twitter, Instagram. Hastings Troy videos on YouTube. There are also some cool websites about Troy Hastings too. The official source on Hastings Troy and more informatation on Wikipedia. News articles and blogs.
Reply to comment


Sharp Circles Melbourne on August 18, 2020 4:31 PM
I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article.
Reply to comment


4pppoker on August 20, 2020 7:02 PM
Thanks, that was a really cool read!
Reply to comment


ข่าวฟุตบอล on August 22, 2020 6:16 PM
Thank you very much for this great post.
Reply to comment


buy instagram reel views on August 23, 2020 4:30 PM
Just admiring your work and wondering how you managed this blog so well. It’s so remarkable that I can't afford to not go through this valuable information whenever I surf the internet!
Reply to comment


kbc lucky draw on August 24, 2020 4:05 PM
I exactly got what you mean, thanks for posting. And, I am too much happy to find this website on the world of Google.
Reply to comment


HL8 on August 27, 2020 6:44 PM
I have been checking out a few of your stories and i can state pretty good stuff. I will definitely bookmark your blog
Reply to comment


구글결제 현금화 on August 31, 2020 4:50 PM
Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I'll be subscribing to your feed and I hope you post again soon. Big thanks for the useful info.
Reply to comment


FRUITY PEBBLES STRAIN on September 1, 2020 4:30 PM
Your content is nothing short of brilliant in many ways. I think this is engaging and eye-opening material. Thank you so much for caring about your content and your readers.
Reply to comment


소액결제 현금화 on September 1, 2020 11:28 PM
Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I'll be subscribing to your feed and I hope you post again soon. Big thanks for the useful info.
Reply to comment


kotak qq on September 5, 2020 4:28 PM
Your work is truly appreciated round the clock and the globe. It is incredibly a comprehensive and helpful blog.
Reply to comment


La Licorne Beauté on September 10, 2020 10:33 PM
This is a great inspiring article.I am pretty much pleased with your good work.You put really very helpful information. Keep it up. Keep blogging. Looking to reading your next post.
Reply to comment


landed property interior design on September 18, 2020 4:59 AM
Very interesting blog. Alot of blogs I see these days don't really provide anything that I'm interested in, but I'm most definately interested in this one. Just thought that I would post and let you know.
Reply to comment


Mark on September 20, 2020 10:47 PM
Great things you’ve always shared with us. Just keep writing this kind of posts.The time which was wasted in traveling for tuition now it can be used for studies.Thanks
Reply to comment


https://penzu.com/p/0427ef6c on September 20, 2020 11:51 PM
This is such a great resource that you are providing and you give it away for free.
Reply to comment


多米尼克护照 on September 24, 2020 4:35 PM
I am incapable of reading articles online very often, but I’m happy I did today. It is very well written, and your points are well-expressed. I request you warmly, please, don’t ever stop writing.
Reply to comment


https://iloveonlinecasinos.com/ on October 5, 2020 10:53 PM
You have outdone yourself this time. It is probably the best, most short step by step guide that I have ever seen.
Reply to comment


http://www.theonlinecasinos.net/ on October 6, 2020 7:51 PM
You have outdone yourself this time. It is probably the best, most short step by step guide that I have ever seen.
Reply to comment


smm panel on October 8, 2020 12:48 AM
You there, this is really good post here. Thanks for taking the time to post such valuable information. Quality content is what always gets the visitors coming.
Reply to comment


smm panel on October 8, 2020 5:53 PM
Thanks for sharing nice information with us. i like your post and all you share with us is uptodate and quite informative, i would like to bookmark the page so i can come here again to read you, as you have done a wonderful job.
Reply to comment


COMMITTED SERVER ALTERNATIVES OFFERED BY HOSTING COMPANIES on October 8, 2020 6:33 PM
It proved to be Very helpful to me and I am sure to all the commentators here!
Reply to comment


order fake money on October 10, 2020 9:23 PM
It is my first visit to your blog, and I am very impressed with the articles that you serve. Give adequate knowledge for me. Thank you for sharing useful material. I will be back for the more great post.
Reply to comment


escort girls in UK on October 11, 2020 3:55 PM
The article looks magnificent, but it would be beneficial if you can share more about the suchlike subjects in the future. Keep posting.
Reply to comment


dark web links on October 12, 2020 4:48 PM
Yes, I am entirely agreed with this article, and I just want say that this article is very helpful and enlightening. I also have some precious piece of concerned info !!!!!!Thanks.
Reply to comment


Dragon Hatch on October 14, 2020 9:25 PM
This is such a great resource that you are providing and you give it away for free.
Reply to comment


ดาวน์โหลด slotxo on October 19, 2020 12:06 AM
You there, this is really good post here. Thanks for taking the time to post such valuable information. Quality content is what always gets the visitors coming.
Reply to comment


dumpster rental Leander tx on October 19, 2020 9:22 PM
It is truly a well-researched content and excellent wording. I got so engaged in this material that I couldn’t wait reading. I am impressed with your work and skill. Thanks.
Reply to comment


ทางเข้าslotxo on October 20, 2020 5:59 PM
I got too much interesting stuff on your blog. I guess I am not the only one having all the enjoyment here! Keep up the good work.
Reply to comment


slotxo on October 24, 2020 8:13 PM
A very excellent blog post. I am thankful for your blog post. I have found a lot of approaches after visiting your post.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment
RSS

Recent Posts

online experience
Neighbours
Wildlife-cities-disease
Hiroshima Day and webinars
Hiroshima Day 2020

Categories

//
communication and living
communication, living, positive thinking
depression
journal writing
just peace
late career development
new poetry
relationships
social justice and change
teaching
transition
powered by

Website Builder provided by  Vistaprint