Coronavirus & 2020 (user search)
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Author Topic: Coronavirus & 2020  (Read 10891 times)
Beefalow and the Consumer
Beef
Junior Chimp
*****
Posts: 9,123
United States


Political Matrix
E: -2.77, S: -8.78

« on: February 28, 2020, 01:23:08 PM »

I think it very well could depending on the economic impact. We're seeing entire cities/countries shut down and now fear is being stroked in the US of an outbreak. I've lost so much money this week in the market with no end in sight - this feels worse than 2008

Let's get this bull trap going, people!



Ah, charting: the tarot cards of financial analysis.

If there's a rally, it's totally not a fool's rally, but a genuine return to market highs, and recognition that TRUMP is winning harder for the economy than anyone in history.
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Beefalow and the Consumer
Beef
Junior Chimp
*****
Posts: 9,123
United States


Political Matrix
E: -2.77, S: -8.78

« Reply #1 on: February 28, 2020, 01:31:52 PM »

No it's way overhyped. The cases in China area already going down. It has not spread in the US yet and the virus has only a 2% death rate.

True story: my company had to delay a major service rollout for our customers - indefinitely - because of supply chain problems in China. The economic disruption is real.

The 1918 Spanish Flu had a 2.5% death rate, and killed 50 million people. The world population was only 1.8 billion at the time. A comparable event today would kill hundreds of millions. If you think better medical care will mitigate this, you're fooling yourself. When the hospitals are overflowing with patients we could have Star Trek medical tech and it wouldn't matter. We've returned to the Middle Ages. Global travel is way heavier today than 100 years ago, which will spread the virus faster, and people are way more dependent on goods delivered from elsewhere, making them extremely sensitive to supply chain disruptions.

TRUMP will beat this, though, like he beats everything. And it will all be back to normal soon and TRUMP will be invincible.
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