it's time to buy when blood is flowing in the streets (updated)

 . . . a wise fellow once said.

Gun Lobby:  

TWTR is loitering around $[correction: 29]. For the price of one box of premium cartridges for your carry piece, you can own a piece of the Left.

Then give your proxy to Neal Knox's son, or to Elliott Management.

I'm watching. Update:  Monday morning, it's around $26. 


today's panic buying, 20200311

Big Box Home Improvement Retail Operation put about 8 cases of a spray disinfectant on prominent display, at regular price. 

It began disappearing 2, then 6, cans at a time.  BTW we were notching off calls and requests for toilet paper.  By closing, we had about 70. 

Then one female customer loaded the entire remaining stock of disinfectant---maybe 3 cases---can by can into her cart and approached the cashier next to me. 

The partner was appalled.  "You know you're just hoarding this.  Other people might need some."

(HQ has taken the position that we'll not put limits on any product under these circumstances because it might signal panic or elicit complaints of price-gouging.)

The customer's simple reply:  "I don't care." 

Our partner needed some calming down.  We couldn't offer it.  We admit, we've never been good at that.  We also regard price as a signal, communication that must not be impaired, as sacrosanct as the freedom of speech.  My employer should consider pricing products according to shifts in supply and demand.  Such a shift has been staring us in the face, and if we don't respond to it, our suppliers surely will.  This alone ill-equips us to calm down our distressed partner watching the opportunism of human nature. 

Instead I told her about Gray Goose Nan's attempt to undermine the Hyde Amendment in the Federal coronavirus spending bill. 

Say what you will about the argued right to abortion, but the people have spoken that they do not approve of Federal funding for it, and when we discuss Federal funding for elective medical procedures, we're not talking about rights. 


Joe Huffman asks:

It really is a states issue to bring the Feds back in line with the Constitution [on individual firearm rights]. But it’s going to take more than one state to do it. I wouldn’t be surprised if it requires a constitutional convention of the states. And that gets us into scary territory. The second best approach I see is the sanctuary movement and related activities.
 Firearms Freedom Acts.  Enforced vigorously by the States.



We find that, sadly, we did not coin the hashtag #SundownJoe .  Somebody else on Twtr coined it about 24 hours before we tried to.  Meanwhile,

Commenting at Volokh:
“The court system should seek ways to shrink the cost of ending a failed marriage.”
Let’s not concede this too hastily. The costs of ending a marriage, failed or not, fall mostly on the rest of society, not on the two former spouses . .

A discussion on Instapundit regarding earlier action against rapid spread of a communicable disease, versus its consequences to businesses:
I'm old enough to remember when economics was taught to be a science wherein it is impossible to conduct experiments ('the dismal science'), so we had to test our models through study of real-world events. Well, here we have a few, regarding mobility of labor and/or capital, and nation-states, with varying levels of trust in their institutions, acting in various ways to prevent potential collapse. Let's pay attention and watch, say, Mercatus Center tease out the conclusions.


today's panic buying

 . . . at Big Box Retail Home Improvement Retail Operation is for toilet paper (yes, we carry P&G and store brands), paper towels, and bleach.  Customers disappointed with WalMart and the grocery chains got the tipoff that we too carry them, so they bought ours by the cartload.

One troubled young gent left with one cartload, then returned from the parking lot for an encore, while whispering into his phone about it.  Seems that Grandma was caught short too, so he was sent back in to supply her. 

I noticed that the store brand of TP is adorned with a picture of a playful puppy and his chew toy, a blue ball with spikes on it. 

I noted to my customer, "Hey, this even has a picture of a coronavirus on it.  They knew you were coming." 

My customer chuckled. 

He pulled out his debit card a bit too soon so I had to back out of the order and get him to reinsert it to complete the sale.