I'm not a big fan of GDP or Gross Domestic Product. Today we have a chart which accounts for all the ups and downs we have seen in GDP in my lifetime. Not that it is news to anyone with a pulse but we just experienced a quarter where the GDP dropped 32%. This number actually needs another number for it to make sense. But since the drop is so huge we don't really have a single number to compare it with. Let's just look at the graph and say this is the worst we will ever see. We can only go up from here.
When I saw the previous quarter's drop I recalled "Paul's Law" in my mind. It stated you can't fall off the floor, but you can fall through it! I believe we have fallen through the floor and hit rock bottom. I have no corollaries to Paul's Law so we can all be spared the expense of me ever writing again about how bad things are.
I'm using this down time to remind people of the many tools we have at our disposal for re-igniting our economy and making this dumb, imprecise indicator go up again. Yes, to raise our animal spirits so we can go about the business of buying and selling things.
These tools are household names and can be downloaded for virtually nothing from the Internet. They include Zoom, Slack, Trello, and a huge list by Jeremy Caplan which he calls his WonderTools 2020
The list has over 100+ tools which you can no doubt use in many creative ways.
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