Back to episode — Episode 854 Scott Adams - Special Crisis Periscope Because What Else Have I Got To Do?
Context —
Will this event inspire better cinema scripts? Well let me put it this way. So I've been telling you that we're on the cusp of the Golden Age and then this happens. And so you say to yourself, well Scott I guess you got this one wrong. You're way wrong. This doesn't seem so golden to me. But it feels like a movie and we just hit the third act. If you watch any drama movie, actually any movie, the…
← Previous segment →The video conferencing companies are going crazy. Somebody says will you admit you're wrong? What do we do? Don't see many deaths like China and Italy. Why would I? Is there something you don't understand about my opinion that that question made sense? Because I'm not one who said we're all doomed. The danger is if you don't act. But we're acting. And the panic of my god millions could die is what causes people to act. There's no conflict between anything I've said and either a good result or a bad result because I don't have a prediction on the outcome except that you know it will be better than you're probably thinking it will be and faster.
Somebody in the comments says have you heard of this coronavirus thing? Somebody says I'm in Hawaii, should I worry less? Well you probably can't worry less just because you're in Hawaii. I'd go to the beach if I were you. You know the beauty of Hawaii is that it's not very crowded anywhere or at least would be easy to avoid anything that's crowded. So you're better than most people certainly.
Somebody says I am sensing more recovery talk in the last day. You know if I have to guess I think things will get better in terms of store shelves and that the store shelf thing is such a big psychological endeavor that if you go into a store and you can't buy something that really plays with your head. And I think we're well on the way to that being not even a problem in a few days. That won't be a thing we talk about anymore I'm pretty sure because the supply chains are really mature, really efficient, and it's really just a matter of standing in front of the production machines a little bit longer and shipping a little faster.
So I'm seeing a lot of people saying, somebody is saying in the comments, I just was having this conversation, a lot of people think they have it. It's pretty common but a lot of people are wrong. So we don't know. I guess we'll learn.
You have freelancers laid off by best clients. You know everybody who has the ability to keep people employed, they have a responsibility to do it at this point and certainly that's what I'm doing.
So somebody says Trump took the bait on will there be a recession question. Should he have avoided it? I didn't see how he handled that but I think it would be crazy to assume there won't be one because isn't it already happening? And it's sort of like it's raining outside and somebody asks you hey is it gonna rain today and you're looking out the window and you're saying yeah I'm looking out the window. So I'm not sure what the technical definition of a recession is but yeah we're going to have several months of suboptimal economic stuff. No way to avoid it.
Somebody says teens can make a ton of money delivering. Yeah you know and that's one of the best ideas. I did an order from DoorDash last night. They have, I think I mentioned this, they have an option for no contact delivery. You could just specify anything and people will just leave it at your door and they text you and say hey it's at your door.
Trump should stop commenting on the stock market. Yeah well I think the president has to talk about the financial markets so I think he has to. I'm not sure. He's an alien at least on that topic. You know I don't know how many quarters of negative growth because there's going to be a whole lot of pent up demand but there will be, you know there may be some businesses that take longer to come back online and restaurants might be among them. So yeah I can see why it could last two quarters but certainly by the second quarter it's gonna be humming along.
All right I need to go and I will talk to you later.