The Coronavirus Is A Nightmare For The Global Economy
Trade is already being crippled. And there’s no relief in sight.
As China has now placed hundreds of millions of its citizens under quarantine, its economy is grinding to a halt.
Workers can’t leave their homes. Factories are idle. Most (if not all) of China’s ports are no longer shipping. International flights are increasingly banned from the country.
When the world’s #2 economy hangs up a big “CLOSED” sign, that’s going to result in a major negative impact on global trade.
As the manufacturing powerhouse to the world, you’ll be challenged to think of ANY industry that won’t experience serious supply chain interruptions and shortages from China’s woes. For instance, did you know China makes the vast majority of our prescription pharmaceuticals?
A MASSIVE hit to the global economy will directly result from the damage the Wuhan coronavirus is currently doing. And it may get worse, a lot worse.
So ignore today’s ridiculous all-time high stock prices. They can’t last in the face of what’s coming.
