posted on Jan, 27 2020 @ 02:31 PM
Already baffled by some of the responses in this thread.
Not once in human history has there been a quarantine of between 50 and 100 million people. No external commerce is happening from that region of
China. Think about that for a moment. Analysts were freaking out about the trade tariffs and saying it would tank the global economy, but this? Nada.
I said on Friday that today the markets would react negatively. But this is only the trickle before the torrent. Once it becomes clear to those not
paying attention now, or who aren't thinking this through now, the external (and guaranteed) impact this will have to the global supply chain,
transportation and hospitality markets, the real nose dive will take place. It's anyone's guess how far this will go. But go it will.
In my opinion, this is the single and most important threat to the global economy in our lifetime.
The virus (how many people get it and how many die) isn't the relevant issue. What is relevant is China's reaction to it. When you shut down a big
chunk of the supply engine to the rest of the world, trust me, the impact will be felt everywhere.
We are in uncharted waters now.
I hope I'm wrong and hope for the best...and I'd certainly love for someone to convince me otherwise.
edit on 27-1-2020 by loam because: (no reason given)