Comments on: Follow-up: COVID-19’s Further Impact on Magic https://www.quietspeculation.com/2020/03/follow-up-covid-19s-further-impact-on-magic/ Play More, Win More, Pay Less Thu, 19 Mar 2020 20:13:04 +0000 hourly 1 By: Edgar Espinoza https://www.quietspeculation.com/2020/03/follow-up-covid-19s-further-impact-on-magic/#comment-2030000 Thu, 19 Mar 2020 20:13:04 +0000 https://www.quietspeculation.com/?p=94933#comment-2030000 In reply to Ben Roome.

I meant non essential investment assets. Meaning people selling those asset classes to shift money to more important things. Not a tv to buy toilet paper. I should have been clearer to avoid the extreme examples people like to make. No income for 6 to 8 weeks even with government help is a scary idea for many Americans. Raising a bit of extra money is never a bad thing. Price gouging is still rampant and it will not stop, either off line or online. Amazon has allowed illegal counterfeit products to proliferate for years and ditto for eBay. Illegality is one thing and effective enforcement is another. You can buy prescription medication from Ebay long before the seller is shut down and he reopens another account. I hope my response clarified my mistake in making it seem that my original post meant selling non essential ‘anything’ to raise money. Stay safe and in the comming days stores will implement ration controls, so that can effectively stop price gouging. The cycle of panic can stop when the incompetent and late mishandling of this pandemic situation comes under control. Not only did the Administration mess this up but we as Americans as a whole were far too complacent when we saw what was happening in China. We sure as hell got a wake up call.

]]> By: Ben Roome https://www.quietspeculation.com/2020/03/follow-up-covid-19s-further-impact-on-magic/#comment-2029996 Thu, 19 Mar 2020 18:26:21 +0000 https://www.quietspeculation.com/?p=94933#comment-2029996 In reply to Edgar Espinoza.

“Panic selling their non-essentials” C’mon. I’m not selling my TV to hoard toilet paper. Just as Sig says above, there’s a liquidity problem. If I can’t leave the house, I’m not buylisting my modern staples so I can buy a bunch of overpriced hand sanitizer? Price gouging is illegal, and Amazon and other online retailers have halted those practices. I realize the situation is going to get worse before it gets better, but panic leads to more panic. Break the cycle.

]]> By: Edgar Espinoza https://www.quietspeculation.com/2020/03/follow-up-covid-19s-further-impact-on-magic/#comment-2029841 Tue, 17 Mar 2020 01:19:00 +0000 https://www.quietspeculation.com/?p=94933#comment-2029841 With the ports of Los Angeles closed, China 6 weeks behind in their shipment orders, our own food production factories being systematically shut down to avoid mass infection. Our supply chains will have massive stop and go volatility. We can’t stop the spread but we can slow it down while people get infected in orderly waves over time. Most will be fine but 12 per cent will need immediate medical attention. All our truck carries including the United States postal service as well as private companies will need to work together to get food, medical equipment and supplies shipped all over. If our hospitals are over run, Magic will not be even an after thought. It is vital players stay at home immediately. I personally believe we will see massive selling of Magic product to offset the increase in price of common household goods which are worth their way in gold during the pandemic. Short term I see people panic selling their of non essentials and further panic buying and hoarding of essentials. Cash or credit is king now and this will most definitely become a buyer’s market in Magic. It’s 12 to 18 months to vaccine. Which means that if we truly want things to go back to normal, we have to either get vaccinated or

become infected, recover, and have developed antibodies and immunity for the virus. We also don’t even know how long that immunity could actually last. Don’t even mention a mutation of the virus! No no my friend we are in the beginning, we are just starting this Magic bear market. No one will visit another’s home to go play Magic once they see the infection numbers and the initial over capacity at hospitals on tv. It will take many weeks for food production facilities as well as shipments from China to even start arriving to equip our homes and hospitals. Guess where we and India get most of our raw medical ingredients and medical manufacturing? China! We need to be proactive and positive but we can’t possibly believe the Magic secondary market will not tank.

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