Posted on 02/25/2020 5:05:41 PM PST by Roman_War_Criminal
As of January 21st, China’s Communist Party confirmed 473 cases of the Coronavirus, mostly concentrated in Mainland China, Wuhan Provence, but the world doubted the accuracy of what was reported, particularly since the method for counting confirmed cases keeps changing.
The most current confirmed cases are 79,498 with total deaths reported at 2,621. Even as China says the spread is slowing, globally the spread is picking up. Particularly troubling is what is happening in Italy, with 3 reported cases last week and 219 and 5 deaths reported today. At this writing, 33 countries have reported cases and this pandemic is spreading rapidly.
This could be “Disease X” that the World Health Organization warned about years ago…and it could overwhelm diminished central bank tools of lower rates and higher credit availability. All they have left is a tsunami of new money that would usher in the hyperinflationary death of the current financial system.
Current tools are based on inspiring consumption, but this is different.
Since the 1990s China has become the manufacturer to the world and 90% of all active businesses have been impacted. Further, globalization means that these Chinese corporations are “intricately” interconnect to 5 million companies worldwide.
What’s impacted are manufactured goods as well as raw materials, new orders as well as current in process orders. Bottom line is that business in China has stopped.
(Excerpt) Read more at itmtrading.com ...
(Excerpt) Read more at
If “black swan” mean click bait, then maybe.
YES - money dropped from helicopters. That is the answer.
It won’t buy much, but it will be exciting while it lasts.
Apparently “black swan” means “endless graphics.”
For the reading impaired, you are correct Lucido.
LOL
This is it! End of days! End of afternoons. End of mornings. End of nights. :)
And Life Will go on
:-)
:-)
No and NO!
Does it go on when you die?
A) Trump was right, we need to do more of our own manufacturing.
B) Trump was right, China is a big problem because they lie, are power mad, and corrupt.
C) End of the day, this is less scary than Zika.
My suspicion is that all those companies that off-shored jobs to China are now hurting and they want us to be distracted from their screw-up so that they can keep their nice jobs with the great benefits.
The fact is that if we are lucky enough to get through this as well as Trump says we will, we should thank our lucky stars and fire the greedy b*stards who shipped our pharma manufacturing to China.
Exchange old money for “new” virus-free money.
Where or where is that beast hiding today?
I think it is.
So I’ve been watching an anti-fragile investment for just such an occasion.
I went and bought a thousand of $SPXS just in case. If I’m wrong, well, there goes my retirement.
If I’m right, and I hope I’m not, I will die rich of Corona Virus.
Up over a buck on Monday and again today... I still won’t have a job if this keeps up, but at least I won’t need one... if I survive.
If you were sitting on 1000 SPXS in February of 2009, it would have been worth $11million.
The Big Short for the little guy.
To be fair, I talked with a friend today. She has a friend in Chicago who is some kind of truck driver involved in Supply Chain Management - which chiefly involves driving Chinese made goods all over.
This driver friend was complaining that he/she has no work and has to find a new job... supplies have dried up.
We will all be impacted by this in some way. Hopefully, not many will lose our health, lives or loved ones.
Livelihoods will be impacted.
I had West Nile Virus a few years ago. Basically, a screaming headache and flu-like symptoms for about a week.
If this stuff was serious, why hasn’t international travel been halted?
Your friend mirrors a lot about what is out there regarding shipping. Normal container vessels from China are being shipped at 10-20% capacity currently. There are plenty of articles with that information around.
The Chinese gov’t is lying about the real stats. Notice also the Hong Kong protests have suddenly stopped?
Logistics & retail will certainly be impacted everywhere.
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