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covid-19

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 […]

03/06/2020 / By Ralph Flores

World Bank commits $12 billion in aid for countries hit by coronavirus, but experts are bracing for a global recession

The World Bank on Tuesday has committed $12 billion in aid to help countries with the health and economic impacts of the global coronavirus (COVID-19) outbreak. The emergency aid package will include low-cost loans, grants and technical assistance, and is designed to provide a fast and reliable response for developing countries, especially those that are […]

03/06/2020 / By Franz Walker

Massive economic disruptions ahead as businesses in Washington state brace for upswing in coronavirus infections

With 51 confirmed coronavirus cases and 10 deaths, King County has been the center of the outbreak in Washington state. Now, county officials are suggesting its over two million residents to work from home in an attempt to reduce the number of infections. “Workplaces should enact measures that allow people who can work from home to do so,” said King […]

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 […]

02/21/2020 / By Tracey Watson

Coronavirus poses more than just a global health threat; it could also result in global economic collapse

Whoever came up with the idea of the global village clearly never thought about how a disaster in one part of the village would affect all the other residents. The 2008 global financial crisis is a prime example of why interconnecting the entire planet’s financial health is a seriously bad idea. Depreciation in the subprime […]

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 […]

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