Talking Points: October 19, 2020

 October 19, 2020

“It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity.” Dave Barry

According to the International Air Transportation Association, providing a single dose of a COVID-19 vaccine to the world’s 7.8 billion people would require 8,000 fully filled 747 cargo planes, which is a problem since there are fewer than 1,000 747 freighters on the planet. MarketPlace, September 11, 2020

Over the past five years, the dartboard-and-blindfold method of stock picking would have returned about 40%. Over that same period, hedge-fund investors, after fees, earned less than 12%. MarketWatch, October 3, 2020

Value stocks have outperformed growth stocks for six months after every presidential election since 1980. Marketwatch, October 12, 2020

During the pandemic, residential electricity consumption rose 10% against a 12% decrease in commercial usage and a 14% decrease in industrial electrical consumption. From April to July, total excess expenditure on residential electricity was $6 billion with electricity bills up, on average, $20 per month. The University of Chicago, October 7, 2020

Foreign-born voters will make up nearly one-tenth of the electorate in 2020 – a record percentage. Pew Research Center, February 26, 2020 

“As democracy is perfected, the office of the president represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day, the plain folks of the land will reach their heart’s desire at last, and the White House will be adorned by a downright moron.” H.L. Mencken, The Baltimore Evening Sun, July 26, 1920

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