{"id":51044,"date":"2020-02-09T06:27:30","date_gmt":"2020-02-09T11:27:30","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51044"},"modified":"2020-02-09T06:27:33","modified_gmt":"2020-02-09T11:27:33","slug":"the-coronavirus-is-a-nightmare-for-the-global-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51044","title":{"rendered":"The Coronavirus Is A Nightmare For The Global Economy"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.peakprosperity.com\/the-coronavirus-is-a-nightmare-for-the-global-economy\/\">The Coronavirus Is A Nightmare For The Global Economy<\/a><\/h3>\n\n\n\n<p><strong>Trade is already being crippled. And there&#8217;s no relief in sight.<\/strong><\/p>\n\n\n\n<p>As China has now placed hundreds of millions of its citizens under quarantine, its economy is grinding to a halt.<\/p>\n\n\n\n<p>Workers can\u2019t leave their homes. Factories are idle. Most (if not all) of China\u2019s ports are no longer shipping. International flights are increasingly banned from the country.<\/p>\n\n\n\n<p>When the world\u2019s #2 economy hangs up a big \u201cCLOSED\u201d sign, that\u2019s going to result in a major negative impact on global trade.<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/ir79nIFbobA\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p>As the manufacturing powerhouse to the world, you\u2019ll be challenged to think of ANY industry that won\u2019t experience serious supply chain interruptions and shortages from China\u2019s woes. For instance, did you know China makes the vast majority of our prescription pharmaceuticals?<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>So ignore today\u2019s ridiculous all-time high stock prices. They can\u2019t last in the face of what\u2019s coming.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Coronavirus Is A Nightmare For The Global Economy Trade is already being crippled. And there&#8217;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\u2019t leave their homes. Factories are idle. Most (if not all) of China\u2019s ports [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4],"tags":[9860,130,28903,28817,246,3761,607,856,28842],"class_list":["post-51044","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","tag-adam-taggart","tag-china","tag-corona","tag-coronavirus","tag-economy","tag-global-trade","tag-pandemic","tag-virus","tag-wuhan"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51044"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51044\/revisions"}],"predecessor-version":[{"id":51045,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51044\/revisions\/51045"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}