This podcast is produced by KPP Financial, Steve Peasley President,

KPP Financial, Independent Thinking, shared success, and now today's podcast.

Good afternoon everybody and welcome to a fast talk it is Tuesday 21st

2020 well the financial disruptions caused by the COVID virus. A pandemic is certainly very serious and continuing and

I think it's a bit more serious than the 2008 recession. I think it's more serious than that. We're going to start back up at

some point but I still think it's going to be a it's not going to be a turning on the

switch it's going to be a slow process. Okay so that the the whole thing has hit every part of our economy affected it in one way or another.

Some states have announced plans to reopen their economies

but they're all really slow, very tentative. Is it too early? So how long

can workers go without a paycheck? How long can the state go without

taxes that it needs? Because certainly they're not going to be collecting taxes and we're staying

home.

I'm more worried about the marginal workers.

I think we can cause a lot of, you know, the deaths that we talk about from this pandemic and

that's in the United States, we can cause more deaths if we don't open up this

economy. The suicide lines are ringing off the hook, people not being able to feed themselves or their families.

I'm really concerned about that, about the lower income strata of our economy.

They're the ones that are suffering the most,

not the rich people.

Rich people, that just cracks me up.

I see the rich people talking about,

oh, we gotta do this and we gotta do that, and here they are in their

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