COVID-19…, what’s the bottom line?

You’re worried so much about dying from the coronavirus that you’re willing to barricade yourself in your house for months and bring our national economy to its knees, but these other causes of death in the US are just an afterthought?

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What extreme measures do we institute to combat these other causes of death in the US?

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Don’t get me wrong…, this is a serious health consideration…, and losing all of these people to the virus is very sad…, but are losing these people to the virus any sadder than losing people to these other causes?

According to Medical News Today.com:

“Around 74% of all deaths in the United States occur as a result of 10 causes.”

Over the past 5 years, the main causes of death in the U.S. have remained fairly consistent.”

“According to the Centers for Disease Control and Prevention (CDC), there were 2,813,503 registered deaths in the United States in 2017.”

“All figures and percentages provided here come from the most recent data from the CDC, collected in 2017.”

 

  1. Heart disease deaths in 2017: 647,457

Percentage of total deaths: 23.5%

Heart disease is the leading cause of death for both men and women. This is the case in the U.S. and worldwide.

 

  1. Cancer deaths in 2017: 599,108

Percentage of total deaths: 21.3%

 

  1. Unintentional (accidental) injury deaths in 2017: 169,936

Percentage of total deaths: 6%

 

  1. Chronic lower respiratory disease deaths in 2017: 160,201

Percentage of total deaths: 5.7%

Chronic lower respiratory disease refers to a group of lung conditions that block the airflow and cause breathing-related issues. These diseases include:

chronic obstructive pulmonary disease (COPD)

bronchitis

emphysema

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  1. Stroke and cerebrovascular disease deaths in 2017: 146,383

Percentage of total deaths: 5.2%

Cerebrovascular diseases develop due to problems with the blood vessels that supply the brain.

Every year, more than 795,000 people in the U.S. have a stroke. The risk of stroke varies with race, ethnicity, and age.

 

  1. Alzheimer’s disease deaths in 2017: 121,404

Percentage of total deaths: 4.3%

In the U.S., an estimated 5.8 million people currently have Alzheimer’s disease, according to the Alzheimer’s Association. This figure may rise to 14 million people by 2050 as life expectancy continues to increase.

Alzheimer’s is also the only cause of death in the top 10 that medical experts cannot cure, prevent, or slow down.

 

  1. Diabetes deaths in 2017: 83,564

Percentage of total deaths: 3%

Diabetes is a condition wherein the body can no longer control blood glucose, which leads to dangerously high levels of blood glucose. This is called hyperglycemia.

Persistent hyperglycemia can damage the body’s tissues, including those in the nerves, blood vessels, and eyes.

There are two main types of diabetes: type 1 diabetes and type 2 diabetes.

The bodies of people with type 1 diabetes do not produce insulin at all, so these people need to supplement their supply. The bodies of people with type 2 diabetes cannot use insulin effectively.

Diabetes can cause serious health complications, including heart disease, blindness, kidney failure, and the need for amputation of the lower extremities.

 

  1. Influenza (the flu) and pneumonia deaths in 2017: 55,672…, and we have and have had a vaccine for the flu!

Percentage of total deaths: 2%

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  1. Kidney disease deaths in 2017: 50,633

Percentage of total deaths: 1.8%

 

  1. Suicide deaths in 2017: 47,173

 

As an added note, at least 15,292 people were fatally shot in The United States in 2019 as a result of gun violence.

 

According to the Statista.com website, these are the daily number of coronavirus (COVID-19) deaths compared to influenza and all causes of death in the United States as of May 6th, 2020:

Average deaths/day by all causes (2019), 7,969.7

Average deaths/day by influenza (2018-2019), 161.3

Average COVID-19 deaths/day since first case in U.S., 912.2 (That would extrapolate over a year to roughly 333,000, although the death rates have been on the decline and would probably end up being much lower than that.

 

As of the time of this blog, there have been a reported 80,900 deaths credited to the coronavirus, although I tend to believe this number may be slightly inflated.

I’m just putting this information out there, since I’m not seeing this data from any other media outlet.

I just feel it’s important to put this current coronavirus health emergency into perspective.

THE BOTTOM LINE IS, UNLESS THE GOVERNMENT IS PREPARED TO PAY ALL OF OUR MORTGAGES, ALL OF OUR RENT, ALL OF OUR UTILITY BILLS, ALL OF OUR FOOD BILLS, ETC., THE VAST MAJORITY OF PEOPLE CANNOT CONTINUE TO LIVE UNDER THESE CIRCUMSTANCES.

THAT’S THE BOTTOM LINE.

PLEASE NOTICE THAT ALL OF THE PEOPLE DEMANDING WE GO ON IN THIS “STAY AT HOME” MODE DO NOT HAVE THESE PROBLEMS. THOSE IN GOVERNMENT ARE ALL RECEIVING REGULAR PAYCHECKS FROM PRECISELY THE PEOPLE THEY ARE ECONOMICALLY STRANGLING TO DEATH!

VIRUS CONCERNS OR NOT…,

THE CURE CANNOT BE WORSE THAT THE DISEASE.

THAT’S THE BOTTOM LINE.

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If you’re not already “following” me and you liked my blog(s) today, please “click” on the comment icon just to the right of the date at the bottom of this article.  From there you can let me know if you “like” my blog, leave a comment or click the white “FOLLOW” button at the bottom of that page, which will keep you up to date on all of my latest posts.

Thank you, MrEricksonRules.

 

 

Unemployment rates are high?  You don’t say?!

I’m really getting tired of every time I turn on the news…, any news…, fake or not…, and I hear people bemoaning the unemployment rates.

“We lost 15 million jobs last month!”

“The unemployment rate is at 14.7%!”

“The unemployment rate could go as high as 20% or even 25%!”

“We haven’t seen unemployment rates approaching these levels since The Great Depression!”

NO KIDDING?!

YOU DON’T SAY?!

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WE INTENTIONALLY SHUT OUR ECONOMY DOWN…, WHAT WOULD YOU EXPECT?!

The real news would be if the unemployment rates didn’t skyrocket!

And as if President Trump’s economic policies are somehow responsible for this.

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As The President likes to remind everyone…, before this voluntary shut down, our economy had been the BEST EVER in US history, and unemployment rates had been at historic, all-time, lows.

Again…, our government chose to shut down our economy for the sake of health considerations pertaining to the coronavirus.

This was not a case of failed economic policies, as in the case of the Obama administration, for example.

These reporters all act like they’re passing along some great breaking news they skillfully unearthed.

Please, do us all a favor, and go ahead and report the numbers…, but please spare us the over-dramatization, and put the situation in the proper and honest perspective.

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I value your feedback and I’d love to hear from you!

If you’re not already “following” me and you liked my blog(s) today, please “click” on the comment icon just to the right of the date at the bottom of this article.  From there you can let me know if you “like” my blog, leave a comment or click the white “FOLLOW” button at the bottom of that page, which will keep you up to date on all of my latest posts.

Thank you, MrEricksonRules

I see CNN has finally posted some news about the stock market! 

Yes folks, and if you see CNN, MSNBC, CBS, NBC, ABC, The Huffington Post (HuffPost), The New York Times or The Washington Post reporting news about Wall Street, or the economy in general, it’s bad news.

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In this case, CNN Business’ David Goldman reports, “US stocks plummet on Coronavirus fears: March 9, 2020.  Dow falls 2,100 points.”

Well, that is definitely news Mr. Goldman…, but it was news too when the stock market hit record highs like over 30 times this last year.

It’s funny how I didn’t see any mention of those economic events.

I wonder why?

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CNN must be doubly excited about this news…, as their hyping of the coronavirus seems to be working and that in turn is causing negative economic news.

Please check out my previous blogs regarding the coronavirus:

You scared of the Coronavirus?  From March 3, 2020

https://mrericksonrules.com/2020/03/03/you-scared-of-the-coronavirus/

and,

Death toll hits 14,000!  But I’m not talking about the coronavirus. From March 9, 2020.

https://mrericksonrules.com/2020/03/09/death-toll-hits-14000-but-im-not-talking-about-the-coronavirus/

Another article out there by David Goldman today reports, “It’s a bad day to be an energy company.”

Wow…, two articles in one day!  Mr. Goldman must be extra charged up by all of this bad news!

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Goldman reports, ‘“The rapidly falling price of oil [due to an oil price war between Saudi Arabia and Russia] is likely to put more pressure on energy companies in the United States, which will hurt the banks with the most credit exposure to the oil industry,’ according to CFRA Research analyst Pauline Bell.”

Yes, Mr. Goldman…, again, this is definitely news.

But it was also news when President Trump pushed to open-up more areas for oil exploration and when he got all of the pipelines approved.  Not to mention when we gained our independence from Middle Eastern oil, and in fact, became the world’s number one producer of oil again!

Not to mention how low the price of gas has been for over three years now.

This “good stuff” was also news that I didn’t catch you or CNN reporting about, or even bothering to mention in most cases.

Again, I wonder why?

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Actually, I don’t “wonder why” at all.

I know very well why all of the liberal propaganda, fake news, shamelessly tries to manipulate the news.

It’s all in an effort to support their anti-Trump narrative.

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It’s just amazing to me how many people are still falling for this fake news.

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Just watch the fanfare (I’m being sarcastic) about the market bouncing back on the fake news today.

There won’t be any.

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I value your feedback and I’d love to hear from you!

If you’re not already “following” me and you liked my blog(s) today, please “click” on the comment icon just to the right of the date at the bottom of this article.  From there you can let me know you “like” my blog, leave a comment or click the white “FOLLOW” button at the bottom of that page, which will keep you up to date on all of my latest posts.

Thank you, MrEricksonRules.

The democrat presidential candidates talk like our economy is in a recession!  What’s the truth?   

During these first debates, I’ve heard many of these democrat presidential candidates make all kinds of wild claims about our economy.

“Many people are forced to work two and three jobs!”

“The middle-class is being left behind in this economy!”

“The only thing Trump ever points to about the economy is the stock market!  What good does that do the millions of people who don’t own stocks?”

Then we have the candidates who claim President Trump is taking credit for an economy launched by Barack Obama!

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So, what is the truth?

Well…, if these words are coming out of the mouths of democrat politicians, then “the truth” is really not an option!

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But don’t take my word for it.  Let’s look at the facts.

According to Suzanne O’Halloran, of FOX Business News, “Investors soaked up U.S. stocks during the month giving the Dow Jones Industrial Average its best June in 81 years while the S&P notched its best [month] in 64 years.”

Now it is true that many people don’t own stocks…, but many do too!

If you have a 401k, or you have a pension at work, you’re invested in the stock market.

And the markets are a fairly good indicator of how the economy is generally doing…, at least it has been in the past…, before these “fake newsers” have chosen to abandon the truth and promote their own liberal agenda.

“The last time the S&P 500 performed this well, Eisenhower was making the first presidential appearance to be seen on color television!”

Well that’s putting it in perspective!

Let’s take a look at the jobs picture now.

“According to the Labor Department, 5 million Americans work more than one job, a figure that hasn’t changed much in recent years and remains lower than it was during the 1990’s boom.”

Those 5 million people represent a lowly 2.2% of American workers…, hardly “many people,” as the democrats claim.

According to Heather Long of The Washington Post, “U.S. unemployment fell to 3.6 percent, the lowest [overall] since 1969.”

That’s the lowest in FIFTY years, in case you’re counting.

“The United States has more job openings than unemployed people, a situation some economists call “full employment.”

The unemployment rate for African Americans is at its lowest rate EVER!

The unemployment rate for Latino Americans is at its lowest rate EVER!

The unemployment rate for Asian Americans is at its lowest rate EVER!

Did I just say EVER?  EVER is a long time.

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How about women?  How are they doing?

According to Elaine Parker, of RealClear Politics, “Women Are Winning in the Trump Economy!”

“By almost every economic measure, women are flourishing in today’s economy. Female unemployment is currently at a 50-year low of 3.9 percent, less than half the rate it was as recently as President Obama’s second term.”

“The number of women-owned businesses has [also] grown by 114%, and… there are an estimated 11.6 million women-owned businesses, about 40 % of the total businesses in the country.”

Heather Long adds, “Low unemployment is forcing employers to raise pay and become more aggressive about hiring and training workers. Average hourly earnings rose 3.2% in the past year, well above inflation, and lower wage workers enjoyed some of the largest gains as companies scrambled to fill jobs and many states have raised their minimum wage.”

Now that’s how you raise the minimum wage…, not by passing some law.

Interest rates are still relatively low, and they’re expected to stay there for a while.

The price of gas is low…, and according to Javier Blas of Microsoft News, “America turned into a net oil exporter last week, breaking almost 75 years of continued dependence on foreign oil and marking a pivotal — even if likely brief — moment toward what U.S. President Donald Trump has branded as ‘energy independence.’”

“The shale revolution has transformed oil wildcatters into billionaires and the U.S. into the world’s largest petroleum producer, surpassing Russia and Saudi Arabia. The power of OPEC has been diminished, undercutting one of the major geopolitical forces of the last half century.”

“Oil historians said the country has been a net oil importer since the mid-1940s, when Harry Truman was in the White House.”

That’s over 75 years, just in case your counting.

Along with jobs and wages, most Americans saw their taxes go down, thanks to The President’s tax cuts.  The middle-class has definitely not been “left behind in this economy!”

And as far as Barack Obama being able to claim any credit for this economy…, I think I saw him wandering around, still searching for the “magic wand” that President Trump apparently found!

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So, we can see that by any measure, that President Trump’s economy is not only good, but in most cases historically good…, all-time good…, and just a couple of years ago, unimaginably good.

So there you have it.

Who appears to be lying?

Me, or our collection of democrat candidates, along with the rest of the democrats and the “biased, liberal propaganda, fake news media.”

If I wasn’t able to convince you after all of this that the democrats have a problem with the truth…, then you might be a liberal…, and I have this bridge I’m selling if you’re interested.

WINNING!

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NOTE:  If you’re not already “following” me and you liked my blog(s) today, please “click” on the comment icon just to the right of the date at the bottom of this article.  From there you can let me know you “like” my blog, leave a comment or click the “Follow” button which will keep you up to date on all of my latest posts.

Thank you, MrEricksonRules.

 

I’m calling out some of these business “experts” and their “trumped-up” (no pun intended) predictions of “doom and gloom” for 2019. 

I’ve been seeing more and more of these “doom and gloom” business “experts,” financial “experts,” and economic “experts” calling for an economic slowdown in 2019, and even a recession in some cases!

The backgrounds of these “doom and gloomers” is across the board, so their motivations for these predictions are all different as well.

“Experts” from the “biased, liberal, fake news media” are of course trying to set-up a self-fulfilling prophecy for their own political benefit; the country be damned.

Some “experts” are just trying to be contrarian in order to stand out.

Some “experts” are just plain confused, and they are over-analyzing the economy in general.

And some “experts” really aren’t experts at all, and they’re just wrong.

Just to name a few, we’ve got Henry Fernandez of Fox Business News claiming, “The US economy will likely fall into a recession next year.”

We’ve got, Charles Schwab’s, Liz Ann Sonders, claiming, “The U.S. economy will likely fall into a recession next year.”

Kevin Kelleher of FORTUNE reminds us that, “2018 has been a banner year for economic growth,” (thank you for stating the obvious Kevin) but that “according to many economists,” “2019 will bring an economic slowdown with a recession possible in 2020.”

Benjamin Fearnow (aptly named) of Newsweek (“Weak News”) says, “CFOs predict 2019 recession, majority expect pre-2020 market crash!”  Mr. Fearnow goes on to say that, “An overwhelming majority of U.S. chief financial officers say the economy will sink into a recession by the end of President Donald Trump’s first term in 2020, and about half say it will happen next year.”

Wow!  So in this case, we’ve doubled down and are going “all in” on an actual “market collapse!” I’d like to see a list of these CFOs that gave their input on this.  I’m not so sure that CFOs (Chief Financial Officers) are the right ones to be getting this information from in the first place.  CFOs typically don’t make company policy, they bookkeep it.

“The end is near for the near-decade-long burst of global economic growth,” said John Graham, a finance professor at Duke University’s Fuqua School of Business and director of the survey, in a statement. “The U.S. outlook has declined; moreover, the outlook is even worse in many other parts of the world, which will lead to softer demand for U.S. goods.”

The “decade-long burst of global economic growth” referred to here was at the expense of The United States I’m afraid, Mr. Graham, and we weren’t an economic recipient of “that” growth, we subsidized it.

Economist Peter Schiff said that “We won’t be able to call it a recession, it’s going to be worse than the Great Depression…, the U.S. economy is in so much worse shape than it was a decade ago.”

“Worse than the Great Depression?!”  Really Mr. Schiff?  You aren’t any relation to democrat congressman Adam Schiff are you?  Because if you were, that would explain your propensity for the absurd.

“Bloomberg” economics writer, Jeanna Smialek’s chose to go with the headline, “JPMorgan, Bank of America Detect Hints of a U.S. Recession Looming in 2019,” even though her article points out, “Wall Street’s biggest banks are scouring U.S. data for signals of an impending recession.  On balance, they’ve been finding that a 2019 downturn still isn’t likely…”

Ms. Smialek would seem fall into the “Experts from the “biased, liberal, fake news media,” who are trying to set-up a self-fulfilling prophecy for their own political agenda; the country be damned” group.

The resident “experts” on CNN, CNBC, and MSNBC have all, of course, chimed in with their predictions of demise regarding anything Trump related.

This list could go on, but you get the idea I’m sure.

Now, I, admittedly am no economics expert, but I have two eyes, a relatively functional brain, and some common sense.

Here is my take on the U.S.’s economy for 2019 and into 2020.

But first, a little historical perspective.

The economy started to improve immediately in December of 2016 and into 2017 after President Trump was elected, and that was just based on the expectations of the impact of his actions.

The President’s only real actions in 2017 had to do with the reduction of regulations and the signing into law of The Trump tax cut and tax reform plan.  The new law would not begin to offer any real benefits to people or to companies until 2018.

In 2018 individuals were able to keep a little more of their own money due to tax cuts, and business were more easily able to invest their own money in improvements and expansion with drastically reduced capital gains tax penalties.

So in all reality, the United States economy is really only showing the benefits of the new tax laws and some reworked trade policies for about the last six months.

That bring us to 2019.

MrEricksonRules is predicting that 2019 will be an excellent year, economically, for The United States!

2019 will be the year that people see the real benefit of the new tax cuts law.  Families across the country will pay thousands less in taxes and/or get thousands more back.  This can only help stimulate the economy even more in the second and third quarters of 2019.

Although many of these “experts” see President Trumps “tariff wars” as economic negatives, I can only see them being a positive thing for our economy.  I see businesses across the board beginning to reap the benefits of the new USAMC trade agreement with Mexico and Canada, and the same goes especially for the new agreements with China.

Also, as part of the Tax Cuts and Jobs Act of 2017, and a recent directing Executive Order, President Trump is encouraging long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors, which should also help to stimulate the economy in whole new areas.  It also directs government entities to prioritize these zones for expenditures as well.

2019 will also see record revenues for the federal government, due to the booming economy and the increase in the number of taxpayers overall.  These revenues may help us to avoid increasing the federal deficit and possibly even work on bringing the deficit down.  At this point I would settle for just a slowing of the amount we owe.

So, based on my “expertise,” I would tend to disagree with most of these so-called “experts.”

I would go as far to say that 2020 will just build off of 2019, and that President Trump will be running for re-election having orchestrated the most impressive economic turn around and economic run since Ronald Reagan in the early 80’s.

Larry Kudlow, who is serving as president of the National Economic Council under President Trump, seems to agree with me, when he says,  “In my personal view, our administration’s view, recession is so far in the distance I can’t see it,” Kudlow said. “The basic economy has reawakened and it’s gonna stay there…, I mean, I’m reading some of the weirdest stuff, how a recession is around the corner.  It’s nonsense.”

I think The President would second that notion as well.

Regarding the Stock Market, I believe there is still a lot of value to be had there.  I feel the Market remains undervalued at this point.

Paul Dietrich of FOX Business feels the same way I do.  He goes on to say, “There seems to be a new “fear of the day” knocking down the stock market.  Chinese trade talks, Brexit, government shutdowns, Fed rate hikes, inverted yield curves or Trump’s tweets all seem to be culprits in this conspiracy to drive down the stock market.  None of these issues have any significant impact on the underlying U.S. economy.”

Overall, The Market will continue to bounce up and down, but also maintain its positive general momentum.

Remember, however, that what’s good for Wall Street is not necessarily what’s good for Main Street.

In 2019 and 2020, we’ll take a look back and see how I did versus “the experts.”

If any of the media outlets want to contact me at some point regarding business and economic prospectives, you can do so via the “contact” feature on my blog website.

 

NOTE:  If you’re not already “following” me and you liked my blog(s) today, please scroll down to the bottom of the page and click the “Follow” button.  That’ll keep you up to date on all of my latest posts.

Thank you, MrEricksonRules.

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