As the Wuhan coronavirus spread worsens, the financial markets are throwing one hell of party, hitting record highs.
Yet the world’s #2 economy, China, just hung up a big “CLOSED” sign — stocks should be tanking hard here.
How can they shrug off the virus’ threat to global trade?
Chris believes that government intervention is at play here. There are few things that send the soothing signal that “All is well” more than higher stock prices do.
As politicians say: “When it gets serious, you have to lie”. Folks, it looks like the coronavirus is so serious that governments are in full panic-suppression mode.
It’s becoming harder and harder to trust the official guidance being issued — we need to educate ourselves from other sources as best we can.
Meanwhile, the new data we are gathering suggest the virus continues to be more contagious than previously expected…
Be sure to stay up-to-date on Peak Prosperity’s ongoing full coverage of the coronavirus outbreak by visiting here.