markets are down a thousand - Korea concerns?
everything concerns.
Manufacturing HERE depends on parts from Asia.
Asia might literally be shut down, possibly for months.
How many of OUR manufacturers have enough cash on hand to survive that?
Who owns their notes for borrowed money?
Will the banks survive that manufacturing being shut down for months?
What about the mortgage payments of their (presumably to be unpaid) employees?
etc.
Add on effects will astound...
Not just Korea....Italy, Singapore, Israel, Iran....on and on.