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ScottAdamsSays's profile
Scott Adams
Scott Adams
Scott Adams
Verified account
@ScottAdamsSays

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Scott AdamsVerified account

@ScottAdamsSays

My Micro Lesson (2-4 min. videos) on being more happier and more effective in life are on Locals: http://bit.ly/2Ygv2tf 

Pleasanton CA
youtube.com/c/realCoffeeWi…
Joined October 2014

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    1. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

      Lots of smart people are debating about the economic pain being worse than the "cure" of preventing #coronavirus spread. I don't know the right answer, but I can help you frame the question.

      130 replies 444 retweets 1,669 likes
      Show this thread
    2. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

      For starters, forget comparing this to any past economic situation. It is a weird hybrid that has a timer on it (several months), with lots of human adjustments of unpredictable consequence.

      8 replies 51 retweets 347 likes
      Show this thread
    3. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

      The economy is a "psychology engine." If we can hold our psychology together in a productive way, and we can feed those in need while we do it, the economy is waiting and ready for a full comeback. Nothing broke. Just reassemble and press play.

      24 replies 131 retweets 646 likes
      Show this thread
    4. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

      Is a trillion dollars of immediate aid enough, or do we need two trillion? The smartest people in the world don't agree. Going big feeds the "psychology engine" best. Going smaller and adjusting as needed works too. Best to go big but hold back half until you see what happens.

      13 replies 47 retweets 358 likes
      Show this thread
    5. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

      The human ingenuity that is being concentrated on this problem is mind-boggling. It is the biggest variable and the most invisible. Ask Warren Buffett how smart it is to bet against the economy of the United States. Ever.

      7 replies 82 retweets 504 likes
      Show this thread
    6. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

      Count on the people with money to be patriots in this situation. When my governor tells me I can leave the house, I'll be raining money on the local economy, and not because I like to shop. Using delivery for now.

      14 replies 59 retweets 491 likes
      Show this thread
      Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

      The biggest economic variable after the crisis passes will be bringing our supply chains home. The economic benefit of that (which is now guaranteed to happen) will be immense.

      12:29 PM - 20 Mar 2020
      • 155 Retweets
      • 822 Likes
      • Angel Santiago Heidi042006 Jen kyleprather Dan Wells Blythe Cragon Larry JennJustPlayTheGame marie
      16 replies 155 retweets 822 likes
        1. New conversation
        2. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

          Repatriating our supply chain should be a cabinet level position, or similar.

          24 replies 117 retweets 718 likes
          Show this thread
        3. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

          Businesses that were profitable before the virus hit are a bank's best friend. Banks LOVE a proven business model that has a short-term cash need. Best kind of loan you can make.

          7 replies 56 retweets 462 likes
          Show this thread
        4. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

          Printing money and handing out cash is normally inflationary. But we have never had less inflationary pressure in general. Even energy costs less. I can't think of a better time to do it.

          12 replies 50 retweets 315 likes
          Show this thread
        5. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

          Expect lots of patriotic over-hiring when we can leave our homes, at least for companies that can afford it. If we get employment right, the psychology engine will roar.

          3 replies 46 retweets 329 likes
          Show this thread
        6. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

          Full disclosure, I put all of my available cash into the stock market during the downturn. When the market comes back, it will happen fast, whether a month from now, next year, or five years from now.

          17 replies 53 retweets 335 likes
          Show this thread
        7. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

          If you are a new follower, it might help your confidence in my opinion to know I have a degree in economics and an MBA. I'm not an expert by any means. But I can probably see the field better than those with no training. And I don't see anything permanently broken.

          14 replies 71 retweets 416 likes
          Show this thread
        8. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

          Economics is like no other field of study. It might be the only one in which you can "will it into existence" so long as everyone is on the same page and there are no material shortages. If we keep our minds right, the economy follows.

          18 replies 76 retweets 466 likes
          Show this thread
        9. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

          I'm making it my job to help you do just that. We'll come out of this stronger if we all agree we will. (Spoiler: We will.) Focus forward. Winning is certain. Timing is anyone's guess.

          43 replies 136 retweets 813 likes
          Show this thread
        10. End of conversation
        1. New conversation
        2. Mark Sockwell‏ @SockwellMark 20 Mar 2020
          Replying to @ScottAdamsSays

          I agree, but the question is, where will all the workers come from? Three months ago, we were at 3.5% unemployment. Where I live it was about 2%. How do we entice people back I to the work force? I run a manufacturing facility and staffing is my biggest headache.

          3 replies 0 retweets 0 likes
        3. ChineseVirus_Sabrina 🚁 ❌‏ @Peaches_Sabrina 20 Mar 2020
          Replying to @SockwellMark @ScottAdamsSays

          Because most people want to work surprisingly.

          0 replies 0 retweets 1 like
        4. End of conversation

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