Have We Reached the Turning Point? EconVue Spotlight May 2020
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As this Memorial Day weekend without parades comes quietly to an end, there is definitely a feeling in the air that we have reached the turning point, a change that is different than an inflection point. At a turning point, velocity is zero and the change in direction is sudden. Inflection points are more gradual in nature, tracing an S-shaped reversal in curvature. I see the virus as a hirsute red ball thrown up into the air- eventually, it will come back down to earth after reaching its highest point, which is just about now. The ball reaches greatest velocity at the end of its journey, pulled by gravity rather than pushed by the external force that first gave it upward momentum. Hopefully as it stops, as all pandemics do, the ball doesn't get dropped by policymakers. In fact today the Wall Street Journal is reporting that
Have We Reached the Turning Point? EconVue Spotlight May 2020
Have We Reached the Turning Point? EconVue…
Have We Reached the Turning Point? EconVue Spotlight May 2020
As this Memorial Day weekend without parades comes quietly to an end, there is definitely a feeling in the air that we have reached the turning point, a change that is different than an inflection point. At a turning point, velocity is zero and the change in direction is sudden. Inflection points are more gradual in nature, tracing an S-shaped reversal in curvature. I see the virus as a hirsute red ball thrown up into the air- eventually, it will come back down to earth after reaching its highest point, which is just about now. The ball reaches greatest velocity at the end of its journey, pulled by gravity rather than pushed by the external force that first gave it upward momentum. Hopefully as it stops, as all pandemics do, the ball doesn't get dropped by policymakers. In fact today the Wall Street Journal is reporting that