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China

03/06/2020 / By JD Heyes

Billionaire investor Ray Dalio warns of “worst-case scenario” with Coronavirus that could wipe out savings and destroy markets

Billionaire investor, hedge fund manager and founder of one of Bridgewater Associates said in an online post this week that the Wuhan coronavirus (COVID-19) has the potential to become a once-in-a-lifetime pandemic. Worse, he noted, though admitting he’s no virus expert, he believes that if the outbreak becomes a global pandemic and ordinary people with […]

03/01/2020 / By JD Heyes

British health secretary issues shock warning that entire CITIES could be shut down over coronavirus if spread continues

Just when you thought maybe the Wuhan coronavirus’ global spread may be petering out and that the world could take a step back from the pandemic abyss, another alarming report surfaces to make you think conditions are not improving at all. We already know that the virus has spread well beyond the borders of China, where it […]

02/26/2020 / By News Editors

Covid-19: Global retrenchment will obliterate sales, profits and yes, big tech

If you think global demand will rebound as global debt and confidence implode, you better not be making consequential decisions based on Euphorestra-addled magical thinking. (Article republished from CharlesHughSmith.Blogspot.com) Even before the Covid-19 pandemic, the global economy was slowing for two reasons: 1) everybody who can afford it already has it and 2) overcapacity. One […]

02/23/2020 / By JD Heyes

China’s economy continues to collapse as domestic car sales plunge a whopping 92% on spread of Wuhan coronavirus

Chinese President Xi Jinping finally made a public statement about the rapid, uncontrolled spread of the Wuhan coronavirus over the weekend, and it wasn’t optimistic. As reported by the South China Morning Post and republished by POLITICO, Xi made an “unprecedented” teleconference call that was open to every county government and military unit throughout the […]

02/23/2020 / By Arsenio Toledo

US government proposes CUTTING OFF China’s access to chip technology

The Trump administration is considering implementing new trade restrictions on China, particularly the telecom giant Huawei, to limit their use of American chip-making equipment. This comes as the administration seeks to cut China off from accessing key semiconductor technology. President Trump is yet to review the proposed changes, according to people familiar with the proposal. The Department of […]

02/20/2020 / By JD Heyes

Wuhan coronavirus threatens to DESTROY commerce throughout China as just 34% of businesses have enough cash flow to stay open for longer than a month

If Wuhan coronavirus (COVID-19) continues to spread throughout China at its current rate and the government finds no good way to control it, millions of workers are going to be laid off from their jobs as two-thirds of small-to-medium businesses fail. According to a Google translation of a Yahoo! Taiwan story, the virus is continuing […]

02/19/2020 / By JD Heyes

RIPPLE EFFECT: Huge disruptions in pharmaceutical supplies reported in INDIA after Wuhan coronavirus disrupts production in China

As we’ve been reporting now for several weeks, the spreading Wuhan coronavirus (COVID-19) is much worse than the Chinese government has said. There are thousands more infections, according to various reports, and plenty more deaths — so many, in fact, that funeral homes are paying more than $143 an hour in order to attract enough […]

02/16/2020 / By JD Heyes

China’s power consumption plunges as coronavirus pandemic shutters factories; economic numbers certain to plunge next

Several analysts have been keeping an eye on China’s internal economic activity as another way of gauging how severe the coronavirus spread really is and how drastic the government’s actions are to contain it. Over the past few days, these analysts have been able to piece together a number of indicators suggesting that a) the […]

02/14/2020 / By JD Heyes

Commerce and economic activity in China comes to virtual standstill amid worsening coronavirus outbreak

What would happen if the world’s second-largest economy were to grind to a halt for any length of time? And what impact would the collapse of the second-largest economy have on global commerce, especially if that country was responsible for grinding out the lion’s share of consumer goods and spare parts for most of the […]

02/10/2020 / By News Editors

Coronavirus ignored to protect stock market rally

It appears an effort to mask the danger of the coronavirus from the American people may be in play. This could be an attempt to protect Trump’s all-important stock market rally. It has become very apparent that the President values the stock markets’ constant move to newer highs as a reflection that he has done […]

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