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originally posted by: St Udio
see, I am pro Vertical Farming & re-purposing Malls as crop acreage, indoors, sheltered/controlled instead of in the harsh environment with cosmic rays/floods/locusts/cold-heat/volcanos/ other Biblical crop destroyers'
originally posted by: Nickn3
It’s my belief that the impeachment is having as much effect on the markets as the virus is. Uncertainty always brings a down turn, I think Schiff would crash the market just to get the President. I’ll be glad when it’s over.
The S&P 500 fell 1.6 percent, with shares of airlines and companies dependent on tourism from China particularly hard hit. It was the sharpest decline since Oct. 2, when the trade war was fanning fears of a slowdown.
Travel restrictions tend to hurt airline companies, not sure how much AA operates to and from China.
American Airlines dropped more than 4 percent in early trading, and Wynn Resorts, which operates casinos in Macau, a special administrative region of China and a gambling haven for Chinese high rollers, dropped more than 7 percent.
Major stock benchmarks in Europe were down more than 2 percent. While many markets in Asia were closed for the holiday, Tokyo’s benchmark Nikkei 225 index also sank 2 percent.
The price of oil dropped, on fears that demand could slip. China’s currency also fell, while investors moved into safe havens like gold.
They can't survive Trumps Trade War any longer, and as already stated, the Virus impact on market economies is starting to take root.
China’s economy, which is experiencing its worst slowdown in nearly three decades, is already hurting from the impact of the outbreak, and there are fears that consumer spending will go down as more residents stay home over the Lunar New Year.
originally posted by: Arnie123
Hella way for population control, there are just too many unknown variables with that.
originally posted by: Middleoftheroad
I think China is just culling the herd. They have 1.4 Billion people to take care of in a Communist country.