RECESSION

We are still immersed in this catastrophic crisis caused by the SARS-CoV-2 virus. This virus is the cause of the coronavirus disease that appeared in December 2019 and is now ravaging our planet.

As you may already know, COVID-19 is the acronym for the English translation of coronavirus disease 2019, that is, COronaVIrus Disease 2019, the pandemic that has put in check an animal species that believes owns the planet earth: humans.

It is terrifying to see how the people who should have been in charge of using the money that all of us contribute to the state through direct taxes, such as Income Tax, or indirect taxes, such as VAT, have not done so.

The SARS-CoV-2 virus has spread throughout the planet and I am not surprised by the declarations and measures adopted by the political leaders of the countries affected by the virus.

All these political leaders, whom we support with the taxes they charge us for doing our work (direct taxes) and even for the simple fact of living (indirect taxes), are proving day by day that they are not “legit people” because they are not being able to take care of the lives of their citizens.

I do not know what the reason is, ineptitude, arrogance, stupidity or some other much more murky ones, but whatever it is, it is clear that the western leaders have not been able to face this situation, as has been demonstrated.

Not taking measures and not having the necessary resources for health professionals to carry out their work is what has made Europe, today, the epicenter of the disease.

On the other side of the coin are a group of nations that, despite being very close to China, having greater exposure to the virus, seem to have managed to contain its rapid spread.

Hong Kong with 7.5 million inhabitants is next to China and has only confirmed 155 infections and four deaths in more than two months, Japan with 120 million, have barely exceeded 800 patients.

In January, when it became clear that the virus was spreading rapidly throughout Asia, these countries prepared in advance by establishing quarantine centers, purchasing medical supplies, and organizing government emergency response committees, etc.

Taiwan created an epidemic response center in late January, prepared more than 1,000 beds in isolation rooms, and conducted drills in hospitals and infection control facilities and the provision of medical supplies to counter rumors of shortages.

In the Journal of the American Medical Association, it says in an article that Taiwan’s response to the SARS crisis in 2003 created a central command that includes various government and investigative agencies, and has since conducted various exercises and investigations for responses to potential epidemics and their control.

Last week I reflected on the importance of anticipating, being prepared allows us to face crisis situations and this health crisis is accompanied by an economic crisis that is still impossible to assess because given the incompetent response of Western governments it is not clear how long it will last.

We may be facing a recession or we may also have an economic depression before us, there is no clear agreement on what is recession and what economic depression although it is often said that a drop in GDP of more than 10% implies a depression.

Be that as it may today we continue working remotely to help you, so you can have a group of independent professionals willing to work with you and help you achieve your goals.

In SEL-DEK we work helping other people so that they can live more peacefully, they can give their children the best education, in short, so that with our support they can live a little better every day.

We are independent professionals and we work every day with a goal, to improve the economic situation of the people who ask us for help.

Take care and take care of yours because you have already seen that if you do not do it, nobody will.

¿Tienes alguna duda? ¿Necesitas ayuda para mejorar tu situación financiera?

Escríbenos y nos pondremos en contacto lo antes posible.

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