Coronavirus likely to infect the global economy

The Harvard Gazette ^ | 13 February 2020 | Alvin Powell

[MeneMeneTekelUpharsin]

Business School's Shih expects disruptions for nations trading with China and for manufacturers dependent on it for components for electronics, consumer products, and pharmaceuticals

Coronavirus likely now ‘gathering steam’

Coronavirus cases hit 17,400 and are likely to surge

The rapid development of China’s coronavirus crisis coincided with the annual idling of much of the country’s economic activity due to the Lunar New Year break, which typically runs for a week or two. Global economists have been watching the post-holiday economic restart closely. Delayed a week to allow public health officials to get a better handle on the contagion, experts are looking for clues about the extent to which one of the world’s largest economies is coming back to life amid widespread coronavirus concerns. The Gazette spoke with Harvard Business School’s Willy Shih, an expert on Asian industrial competitiveness and the Robert and Jane Cizik Professor of Management Practice.

[MeneMeneTekelUpharsin]

Signs we are about to have a problem: 1. The price of gold shares have jumped. 2. The buying of Treasuries spiked and the return dropped to a record low. 3. Charts showing ground movement of goods hit the bottom.

The big boys are suppressing the truth about all of this in an attempt to get their money/assets moved or sold to protect THEIR interests, the little guy be damned.

Very good question and answer info at link with expert.

[bigbob]

Haavahd is a little behind the times. The “official” COVID-19 website which parrots information coming out of the Chinese Communist Party now shows over 67,000 cases and over 1500 deaths.

The reality is much worse.

[MeneMeneTekelUpharsin]

The point was the economic impact. All hell is about to break loose. People over here won’t even eat in Chinese food restaurants due to unfounded prejudice. Can’t change that.

[Jamestown1630]

I don’t think it’s all ‘unfounded prejudice’. People here have relatives all over Asia; they travel back and forth all the time. I’ve been wondering about restaurant and carryout food in general, not just Chinese.

[I want the USA back]

The coronavirus costs a lot of money and has no upside. The virus stops people from working productively.

So, OF COURSE there is an impact on the economy, just as any other phenomenon that costs money, has no advantages, and keeps people from working.

[InterceptPoint]

Business School’s Shih expects disruptions for nations trading with China and for manufacturers dependent on it for components for electronics, consumer products, and pharmaceuticals.
+++++
No kidding Dick Tracy.

This is, or should be, obvious to anyone paying attention to the news coming out of China. I am amazed that the markets are as stable as have been. Hard for me to believe that will continue.

[proust]

How can it gather steam and affect the global economy when certain Freepers assured me that more die of the flu each year? Must be fake news.

[reasonisfaith]

Was this little virus the global deep state’s last ditch effort to prevent the reelection of Donald Trump?

[beekay]

“All hell is about to break loose.”

---

This all makes me a little suspicious. It seems that “major impact” and “smart money leaving stocks” story lines are starting to appear fairly regularly. It looks more like a orchestrated attempt to talk down the stock market rather than impartial reporting.

[MeneMeneTekelUpharsin]

Hide and watch, wait and see. I will accept your apology for questioning me ahead of time.

[MeneMeneTekelUpharsin]

So, OF COURSE there is an impact on the economy, just as any other phenomenon that costs money, has no advantages, and keeps people from working.

Exactly. Solution is to seal the borders now. Right now. But, government will not do the right thing.

[null and void]

Likely to? LIKELY to??? It's already done enough damage to Chinese manufacturing to do so!

Bring Out Your Dead

Post to me or FReep mail to be on/off the Bring Out Your Dead ping list.

The purpose of the “Bring Out Your Dead” ping list (formerly the “Ebola” ping list) is very early warning of emerging pandemics, as such it has a high false positive rate.

So far the false positive rate is 100%.

At some point we may well have a high mortality pandemic, and likely as not the “Bring Out Your Dead” threads will miss the beginning entirely.

*sigh* Such is life, and death...

If a quarantine saves just one child's life, it's worth it.

[Jane Long]

Have you driven by a nail salon, lately? Every one I’ve seen, in the last week, is empty. Could just be the time of day that I’ve happened by.

The majority of nail salons, in Texas, anyway, are owned by Vietnamese.

MANY of the nail techs travel to their old country, throughout the year. They can fly back on flights that have connected with flights containing pax, from China.

Are these flights (from VN), now being screened at one of the five specialized US airports? I pray so.

[MeneMeneTekelUpharsin]

Have you driven by a nail salon, lately?

Don't know about those, but restaurants, yes. This is going to ruin the Chinese and other Asians who have nothing to do with China.

[Amendment10]

Thank you for referencing that article MeneMeneTekelUpharsin. Please note that the following critique is directed at the article and not at you.

"Coronavirus likely to infect the global economy"

So why isn’t flu getting mentioned regarding global economy?

The flu has already killed 10,000 across US as world frets over coronavirus (Feb 3, 2020)

[Jamestown1630]

I don’t do nail salons, for different reasons. A woman I know picked up a bad infection from a pedicure; and I almost pass out just passing one in the mall. (A local mall had one right next door to a fast food place. I think they got a clue and changed that.)

[Jamestown1630]

No country has shut down huge cities and millions of people and restricted flights because of the ‘flu.

[Terry L Smith]

It’s been 100 years since the last truly major for real epidemic. Were it not for international corporations at work in Communist China, there might not have been such a fuss! China has always boasted, in any sort of conflagration, they could lose a few million, ho hum.

[beekay]

As I will accept yours.

[chemical_boy]

If the 2% mortality rate is accurate if it got loose in General US population it would kill many times more then 10,000 people.