Dear Faithful readers,
First, our hearts go out to everyone who has been impacted by the CV climate. Like you, we are safely bunkered down in our homes and home offices. Although not making daily human contact in person (and gosh I miss that so much), we are extremely connected with our prospects and clients alike via brilliant technology created here in Silicon Valley.
I wanted to share with you some useful notes from a recent Goldman Sachs conference call with 1,500 companies dialed in. Given the tremendous amount of uncertainty swirling out there around the corona virus, the financial markets and our lives generally, I hope this can give at least one perspective.
THE KEY ECONOMIC TAKEAWAYS WERE:
-50% of Americans will contract the virus (150m people) as it’s very communicable. This is on a par with the common cold (Rhinovirus) of which there are about 200 strains and which the majority of Americans will get 2-4 per year.
-70% of Germany will contract it (58M people). This is the next most relevant industrial economy to be effected.
-Peak-virus is expected over the next eight weeks, declining thereafter.
-The virus appears to be concentrated in a band between 30-50 degrees north latitude, meaning that like the common cold and flu, it prefers cold weather. The coming summer in the northern hemisphere should help. This is to say that the virus is likely seasonal.
-Of those impacted 80% will be early-stage, 15% mid-stage and 5% critical-stage. Early-stage symptoms are like the common cold and mid-stage symptoms are like the flu; these are stay at home for two weeks and rest. 5% will be critical and highly weighted towards the elderly.
-Mortality rate on average of up to 2%, heavily weighted towards the elderly and immunocompromised; meaning up to 3m people (150m*.02). In the US about 3m/yr die mostly due to old age and disease, those two being highly correlated (as a percent very few from accidents). There will be significant overlap, so this does not mean 3m new deaths from the virus, it means elderly people dying sooner due to respiratory issues. This may however stress the healthcare system.
-There is a debate as to how to address the virus pre-vaccine. The US is tending towards quarantine. The UK is tending towards allowing it to spread so that the population can develop a natural immunity. Quarantine is likely to be ineffective and result in significant economic damage but will slow the rate of transmission giving the healthcare system more time to deal with the case load.
-China’s economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover.
-Global GDP growth rate will be the lowest in 30 years at around 2%.
-S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall.
-There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year.
-In the past week there has been a conflating of the impact of the virus with the developing oil price war between Saudi Arabia and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector.
-This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudis are caught in the middle and do not want to further cede market share to Russia or the US.
-Technically the market generally has been looking for a reason to reset after the longest bull market in history.
WHAT DOES THIS MEAN?
-There is really NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized.
-In particular, for the U.S., even though quarantines and shut downs can certainly do recessionary damage stateside, thank God we live where we do – the US Govt is extraordinarily well-equipped / well-capitalized to respond with monetary and fiscal policy to bridge us through this…
-In sum, this feels more like a 9/11 shock than it does like a 2008 parting of the earth.
WHAT DOES THIS MEAN FOR LINX AND YOU?
-I am offering prospect meet and greets, as well as new client meetings for the next few weeks via Zoom!
– Zoom is super easy to download, free, and user friendly (trust me – I am a total dinosaur with technology). We can easily discuss working together and how the Linx ladies can get started on your search to “build your dating pipeline” now.
-In my opinion, this is THE time to allow us to get started with our recruitment, exploration of prospects and clients in our database, and research on your behalf.
–I am finding that people are even more eager to want to find LOVE NOW and meet their dream partner – especially once this current “shock” is past us.
-Linx contracts are 24 months, which is standard with any membership. 24 months allows you sufficient time to slowly date each candidate, not to rush, and to see if there is long-term merit.
-Once you’re on-boarded, no matter what climate we are in, it takes time for my staff to begin to develop your pipeline of introductions. This is not about rushing the process, but rather about carefully curated matchmaking that adheres to the philosophy of quality over quantity.
-Once we start lining up candidates for you to meet, you can get the ball rolling and meet matches via tech like Zoom or FaceTime. This is what making dating a PRIORITY means.
– This is seizing the moment, not letting your fears swallow you up, and not hitting pause on finding your match.
– You’re being smart and executing a dating strategy, even during a pandemic, that will pay dividends in the future.
– I wish everyone good health and comfort during these challenging times. Remember to laugh and love. We will get through this together. Stay connected and remember love is not on lockdown!
Warmly,
Amy Andersen
Founder & CEO
Linx Dating LLC
Linx Dating LLC
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