Two Charts (Signs of the Times)

This first one is hard to believe. The rate on the government’s 10-year Treasury bond is around 0.70%. That’s the lowest it’s been for more than 150 years. Whoever buys one of these bonds is basically giving the government an interest-free loan, money the government could use to help people who’ve lost their jobs, small businesses that have lost their customers and local governments that are spending more and collecting less in taxes because of the virus.

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This second chart is easy to believe. It shows confirmed Covid-19 cases per million people. Although the president and his cronies claim that America’s response to the virus has been “spectacular”, compared to a country with a competent national government, South Korea, our response has been spectacularly bad. We’re the red line. South Korea is the blue.

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A Genuine Risk

The president won’t read it, but Vox has an important article called “Here’s What War with North Korea Would Look Like”:

For all the talk of nuclear exchanges and giant buttons, there has been little realistic discussion of what a war on the Korean Peninsula might mean, how it could escalate, what commitments would be required, and what sacrifices would be demanded.

So I’ve spent the past month posing those questions to more than a dozen former Pentagon officials, CIA analysts, US military officers, and think tank experts, as well as to a retired South Korean general who spent his entire professional life preparing to fight the North. They’ve all said variants of the same thing: There is a genuine risk of a war on the Korean Peninsula that would involve the use of chemical, biological, and nuclear weapons. Several estimated that millions — plural — would die.

Even more frightening, most of the people I spoke to said they believed Kim would use nuclear weapons against South Korea in the initial stages of the fighting — not just as a desperate last resort….

War is inherently unpredictable: It’s possible Kim would use every type of weapon of mass destruction he possesses, and it’s possible he wouldn’t use any of them.

But many leading experts fear the worst. And if all of this sounds frightening, it should. A new war on the Korean Peninsula wouldn’t be as bad as you think. It would be much, much worse.

Since you’re not the president, you can read it here.