Spring 2020: COVID-19, Caution and Commerce
It’s the end of May, 2020, and the country and the world are starting to open up, cautiously in some areas, with abandon in others.
The concern for health is matched toe for toe with the need for commerce. COVID-19 has, in many ways, put our lives at a standstill, yet life must go on, and life will go on.
Countries such as Germany and Spain were some of the first to call off the quarantine last week. Many of you will recall that they were some of the first to implement a vigorous quarantine back in March. Some other countries such as Mexico, who started the quarantine efforts a little later, are still in quarantine until end May at the earliest.
The concern, cited by many, with opening up now is that it will bring a second wave of COVID-19 cases, and make it worse than before. On the other hand many of those affected by the economic shutdown are “dying” to get back to work. It is a complicated situation that is clearly not black or white.
Some doctors such as Mauricio A. Gutierrez have pointed out that the goal was always to open up and resume regular social and economic activities, ONCE infrastructure was in place to best take care of infected individuals.
These same experts stated that it would be both impossible to shut down the world economy indefinitely, nor completely prevent new infections. What was possible was to create social and health measures to deal with COVID cases while the world slowly resumes, quite necessarily, to a semblance of normalcy.
To quote Dr. Gutierrez, who practices in West Palm Beach:
“I am seeing so much anxiety about resuming business, and so much anger about continued regulations. People are feeling the need to choose one side or the other, then fight the opposition.
Here’s my perspective. I think a lot of folks have fallen into the idea that social distancing was meant to stop the viral spread. It wasn’t. It was meant to SLOW it while we put medical infrastructure in place. It has worked. We have, in most parts of the country, not been overwhelmed like we likely would have been without protective measures. In the meantime, our testing procedures have gotten better. We’ve increased our ventilator count. We’ve gotten a little better handle on PPE supply chains, and many have helped by making masks and gowns. Hospitals are adding ICU capacity and cities have field hospitals ready to go. It’s not perfect, but it’s much better than it was seven weeks ago. It will also take time to develop a system which identifies deaths from this virus vs other health related events.
A vaccine is a long way off. At some point, people have to be systematically exposed to begin the building of (hopeful) herd immunity. We will likely begin to experience an increase in cases after reopening. Ideally, that exposure is controlled and calculated, in phases, to allow our medical community to respond adequately, and reduce the number of severe or fatal cases. That’s where we are.
Whether you feel like the country is opening too soon, or not soon enough, we were never going to “social distance” this thing into nonexistence. You now need to proceed as your health, wallet, and conscience allow.
If you are medically vulnerable, you do not need to be a part of what is about to happen. Stay home if you can. If you’re not, or if your financial vulnerability trumps your health concerns, you need to proceed in ways that continue to protect yourself, and the elderly and medically vulnerable around you.
All of us need to calm down. Quit telling people who are financially struggling that they don’t care about human lives. Quit telling people who are truly at risk of dying from this virus that they are cowering in fear. Let the healthy who need to go back to work do so, and let the vulnerable stay home.
We can make different choices, based on our own personal situation, and still be a supportive community.”
This pragmatic attitude appears to us as striking the balance we desperately need to move forward out of our current compromised situation.
We need to be cautious, yet we also need commerce. We need a middle ground.
Infrastructure for preventing and controlling the Coronavirus must be implemented nationwide and globally. Yet economic infrastructure cannot be left to crumble as we dedicate ourselves to our health concerns.
The balance will be achieved if we act judiciously. The task at hard may be challenging and may not succeed right away. And the challenge we face ahead is one for all of us to conquer. Every single one of us on the planet.
In some ways this balancing game is similar to how the entrepreneur or investor lives: too much caution, no profit. Too much risk, and either lots of profit, or worse: capital loss or financial death, bankruptcy from mismanagement and or over extension.
We at BAI Capital operate our organization with both prudence and forward thinking.
Choosing the right project to invest in requires the ability to discern the difference between winner and loser. Fundamentally, partnering with stable growth endeavors is necessary to achieve profit in the mid and long term.
For the last 10 years BAI Capital investments have yielded returns in Equity Real Estate and EB-5 Visa Petitions. This is what we are known for.
We invite you to book a meeting with us to discuss your investment future in 2020 and beyond. There is a will and there is a way…