In the Chinese language, the word “crisis” is composed of two characters, one representing danger and the other, opportunity. (This is a favorite of motivational speakers.)
The coronavirus pandemic is a crisis situation. The danger in our lives is real. Where is the opportunity in our lives?
Few things unite us like a common enemy. We now have one, a powerful one that is wreaking havoc with the health and the economies of nations. The Democrats and the Republicans are actually cooperating in dealing with this issue. So are the Chinese and the Americans, the Russians and the Germans and others with a traditionally confrontational relationship. United they stand!
“China, the world’s second-largest economy is seeing its first contraction in quarterly GDP since 1989.”
“The Dow Jones had its biggest point drop in history Monday.”
“The Cboe Volatility Index, or VIX, closed at its highest level in history Monday.”
“U.S. shares recorded the steepest decline since the Black Monday stock-market crash of 1987.”
The above lines are from yesterday’s business publications.
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