In addition to presenting a major public health risk, the coronavirus is already doing serious economic damage. China, the world’s second-largest economy, is essentially “closed for business” right now.
The disruption to global trade the coronavirus is likely to cause is going to be material, perhaps severe. And that will have serious negative consequences for the financial markets, which have been (and is still!) trading at the highest valuations in history.
The coronavirus has all the hallmarks of a true Black Swan event.
Jim Rickards
Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event
XZBD2: 42 mins ago
My take on Jim Rickards
Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event
spiker: 2 hours ago
Excellent image
Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event
blackeagle: 3 hours ago
Jim Rickards
Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event
Mike from Jersey: 7 hours ago
The “Build Back Better” conspiracy theory (fronting for The Great Reset)
Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event
thc0655: 7 hours ago
Push Button Order or Human Act, choose
Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event
000: 10 hours ago
Rickards is an interesting case
Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event
wotthecurtains: 11 hours ago
OOG
Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event
Mohammed Mast: 15 hours ago
Data?
Will An Oil Price Spike Be The Next Blow To The Economy?
Mohammed Mast: 15 hours ago
Rickards
Daily Digest 1/18 – Yellen Faces Senate to Sell $1.9 Trillion Stimulus Package, The Ireland Event
Oliveoilguy: 15 hours ago