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And, right on cue, the finger pointing begins.

US authorities are now firing an opening salvo at China, claiming that the county misinformed the rest of the world about the severity of covid-19. And that better information would have spurred other nations to take the threat more seriously.

That would perhaps make sense if it weren’t such a crock of baloney.

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Small/medium-sized enterprises (SMEs) like your local restaurant, dry cleaner, bookstore and building contractor are being hit especially hard by the coronavirus, as they don’t have the reserves to withstand the many weeks of no income the lockdown is placing them under. Many of them have already laid off their employees. Many may never reopen.

The jaw-dropping severity of this job carnage can already be seen in last week’s unemployment numbers. Claims spiked up to 3.3 million — nearly 6x higher(!) than the worst week of the Great Financial Crisis.

So what impact will this all have? What will the rest of 2020 be like?

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We should have had a much higher state of readiness to face this pandemic — it was a certainty that sooner or later, one of this magnitude would hit. So faced as we’ve been with medical supply shortages, botched mobilization efforts, and contradictory/harmful official guidance  — it’s inexcusable.

But just as maddening is the predictable outcome we’re seeing with governments’ response to the economic crisis triggered by covid-19.

In short, as happened in 2008, those who created the economic instability in the first place, by looting and abusing the system, are being bailed out — generously. And the tab is being picked up by the taxpayer.

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As we reported yesterday, with the world sharing its data, we are starting to get a better handle on understanding the coronavirus.

This real-time exchange of data and insights going on across the globe right now is invaluable to global efforts to fight the spread of covid-19 more effectively.

Germany has recently contributed two important pieces to the puzzle.

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We are starting to win the war for data on covid-19 and this is leading to smarter practices that will flatten the curve, reduce deaths and get folks back to work.

Finally, some encouraging news.

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It’s amazing that people are still being chided for taking steps to protect themselves from the coronavirus, when anyone with eyes can see that the spread of the disease is fast overwhelming authorities’ ability to deal with it.

A citizen DIY movement, not unlike the WW2 victory gardens, could and should be promoted, making millions of masks in short order for us all to wear — just as they’re doing in the Czech Republic with the #Masks4All movement.

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After last week’s continued meltdown, stocks rebounded sharply earlier this week, with Tuesday’s gains setting an all-time one-day record for both point and percentage gain.

Questions we’re now hearing from PP.com readers over the past few days include:

• Given the announced QE and $2 trillion stimulus package, is the bottom now in?
• With the news that physical supply of gold is “running out”, what does that mean for gold & silver prices? For the mining stocks?
• What steps should investors like me be taking now?

To answer these questions, I just recorded another brief interview with the lead partners at New Harbor Financial, the financial advisor Peak Prosperity endorses.

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If the projections prove correct, pretty soon everyone will know someone who has coronavirus. And following soon after, most of us will know folks who die from it.

Given that the average age of those reading this article is somewhere between 50-70, and that the virus’ fatality rate increases with a person’s age, a morbid but important question arises:

What will happen if you die from this thing?

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