Corona Virus/Dow Jones taking a hit/possible recession - Page 18

*Andrew NDB* · 02-28-2020, 01:32 AM

So there's a lot coming out now about the Dow Jones taking a bit hit as a result of the Corona Virus and all, and how this may be Trump's Hurricane Katrina and such.

https://www.investors.com/market-tre...e-beyond-meat/

https://nationalinterest.org/blog/bu...-moment-126862

Will quote a post I've seen elsewhere:

The biggest economic problem with Coronavirus is China's quarantines. 50M people are confined to their homes in and around Wuhan, a further 500M cannot travel outside their town/city. All manufacturers were ordered to cease work, bringing exports from China to a standstill. The quarantines are costing China billions of dollars a day and if we believe their stats they have been only mildly successful at containing the spread of Coronavirus "inside China."

China is giving every Hong Kong citizen $10,000USD to try and quell unrest and help mitigate the fiscal hit citizens are about to take.

Canada "will not quarantine" per the Canadian Government. This is because A) Legally quarantines violate our Charter Rights B) With a 27 day incubation period quarantines are in-effective and C) The economy cannot be allowed to collapse so that Food, Water & Medicine must continue to flow unebated or more people will die.

Markets wouldn't be hit nearly this hard if China didn't quarantine.
While quarantines are effective with certain pathogens that have short incubation periods, China made a catastrophic mistake quarantining over Coronavirus.

Iran is completely over run, the Deputy Health Minister is ill, the Vice President is ill. Iran borders China, Afghanistan and Pakistan. China cannot stop Coronavirus, they can't even slow it.

Now to do something unthinkable in November. Trump's trade war with China forced a lot of American companies to stockpile made in China goods. The trade war also caused a lot of companies manufacturing in China to relocate manufacturing plants to India, Malaysia.

Trump's trade war likely lessened the blow the US is feeling right now from China's economic hardships.

What's your take? Personally, I think it's a crazy situation that would effect any President in exactly the same manner. I also don't think it's terribly more fatal than the regular bout of flu. A bit, maybe, but it seems like the media is exacerbating things in the ole spinjob to try and create a panic and nosedive the economy to do what Russia and impeachment did not, if you catch my drift.

02-28-2020, 01:32 AM	#1
Andrew NDB Weed Whacker Join Date: Apr 2007 Location: Auburn, WA Posts: 34,582	Corona Virus/Dow Jones taking a hit/possible recession So there's a lot coming out now about the Dow Jones taking a bit hit as a result of the Corona Virus and all, and how this may be Trump's Hurricane Katrina and such. https://www.investors.com/market-tre...e-beyond-meat/ https://nationalinterest.org/blog/bu...-moment-126862 Will quote a post I've seen elsewhere: The biggest economic problem with Coronavirus is China's quarantines. 50M people are confined to their homes in and around Wuhan, a further 500M cannot travel outside their town/city. All manufacturers were ordered to cease work, bringing exports from China to a standstill. The quarantines are costing China billions of dollars a day and if we believe their stats they have been only mildly successful at containing the spread of Coronavirus "inside China." China is giving every Hong Kong citizen $10,000USD to try and quell unrest and help mitigate the fiscal hit citizens are about to take. Canada "will not quarantine" per the Canadian Government. This is because A) Legally quarantines violate our Charter Rights B) With a 27 day incubation period quarantines are in-effective and C) The economy cannot be allowed to collapse so that Food, Water & Medicine must continue to flow unebated or more people will die. Markets wouldn't be hit nearly this hard if China didn't quarantine. While quarantines are effective with certain pathogens that have short incubation periods, China made a catastrophic mistake quarantining over Coronavirus. Iran is completely over run, the Deputy Health Minister is ill, the Vice President is ill. Iran borders China, Afghanistan and Pakistan. China cannot stop Coronavirus, they can't even slow it. Now to do something unthinkable in November. Trump's trade war with China forced a lot of American companies to stockpile made in China goods. The trade war also caused a lot of companies manufacturing in China to relocate manufacturing plants to India, Malaysia. Trump's trade war likely lessened the blow the US is feeling right now from China's economic hardships. What's your take? Personally, I think it's a crazy situation that would effect any President in exactly the same manner. I also don't think it's terribly more fatal than the regular bout of flu. A bit, maybe, but it seems like the media is exacerbating things in the ole spinjob to try and create a panic and nosedive the economy to do what Russia and impeachment did not, if you catch my drift. __________________ [ ODYSSEY \| ORIGIN \| THE IMAGE/VOL. 3 CONCLUSION \| THE SHELLSHOCKED PODCAST \| ON FACEBOOK ]