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STAMFORD, CONNECTICUT - JANUARY 02: Residents line up at a drive-up distribution site to receive free at-home COVID-19 test kits on January 02, 2022 in Stamford, Connecticut. The Connecticut state government received some 400,000 tests over the weekend which were sent to cities and towns for local distribution.

Take a few minutes and google Covid-19 Economics. If you don’t have that time, click the link, and it will take you to a page that should frighten you. Many countries are reporting that they are going broke trying to recover from the pandemic worldwide. For example, look at Sri Lanka is apparently on the verge of bankruptcy, leaving people to wonder what will happen next.

Americans are not the only ones fighting inflation as the omicron variant pops up and spreads across. The entire world has taken this hit, and every day we are seeing more and more countries report on failing economic strategies. For example, India is now worried about a 3rd wave coming through. It has made it very unclear for countries’ top economists to predict anything because no one knows if or when a new variant will arise that will cause more lockdowns and stop production and exports.

No one leader has had a perfect answer for handling this as throughout just the United States, many places have tried different methods with varying success. However, many in the United States look to Florida with its lack of restrictions as an example, as Florida has seen a booming economy and the lowest transmission rates in recent months. But now that omicron has surged, we are witnessing Florida’s cases rise. Will this be a sign of things to come as the world leaders contemplate more lockdowns and restrictions? Time will tell.

 

Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.

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